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20 October 2015

Indian renewable energy sector will see USD 3 billion being invested from 2016 to 2020 by a Chinese manufacturer of construction equipment, Sany Group. The company said it will establish efficient technologies for offshore wind power generation and aims to develop 2,000MW of renewable energy projects in India. Sany Group said it plans to generate 4.8 TWh of […]

5 October 2015 Authorities, Business & Finance

On 1st October, the European Investment Bank (EIB) increased the 0.500% Climate Awareness Bond (CAB) 11/2023 by EUR 400m to bring the total amount outstanding to EUR 1bn. The bond completes EIB’s EUR Green Bond curve with a third liquid reference point in an intermediate maturity and takes the total CAB issuance to EUR 10.5bn. […]

21 August 2015 Authorities, Business & Finance, Grid Connection

By granting West of Duddon Sands (WoDS) Transmission plc a licence to own and operate the £269 million transmission link to the West of Duddon Sands offshore wind farm, the total new transmission investment delivered by the OFTO regime to date is over £2.5 billion, of which nearly £1 billion has now been delivered through the […]

19 August 2015

Taiwan has pledged to boost offshore wind industry by investing NT$ 88 billion (EUR 2.5 billion) by 2020 and NT$ 670 billion (EUR 18.7 billion) by 2030. According to Taiwan’s Ministry of Economic Affairs, as many as 36 locations in the Taiwan Strait, with depths of up to 58.2 metres, will be covered by the […]

2 July 2015 Business & Finance

With 19 financial investors, Copenhagen Infrastructure Partners (CIP) has established a new investment fund, Copenhagen Infrastructure II K/S, which amounts to approximately DKK 14.7 bn (EUR ~2bn). The fund’s focus will be on investments in energy infrastructure, primarily renewable energy, in Northern and Western Europe as well as North America. Christian T. Skakkebæk, Senior Partner in Copenhagen […]

30 June 2015 Authorities, Business & Finance, R&D

BVG Associates has published the first quantitative study of the effect of the UK Government's policy on cost of energy from offshore wind during the 2020s. The study was commissioned by the Committee on Climate Change (CCC).  The study considers the effect of a range of policy drivers in the context of a predominantly pan-European market. It […]

30 June 2015 Business & Finance, Wind Farm Update

A consortium including Highland Group Holdings Ltd., Siemens Financial Services and Copenhagen Infrastructure II, a fund managed by Copenhagen Infrastructure Partners, announced today that it arranged the successful financing of the 400 MW Veja Mate offshore wind farm project, for a total project investment of EUR 1.9 billion. The Veja Mate offshore wind farm will operate 95 km North West from […]

4 June 2015 Business & Finance

Vestas Wind Systems A/S has signed a new EUR 1.050bn revolving credit facility, available for loans as well as project-related guarantees (sub-limit for loans of up to EUR 500m). The new facility has a five-year duration with an option to extend the maturity for up to two additional years. The facility refinances the existing EUR […]

29 May 2015 Business & Finance, Grid Connection

TenneT Holding B.V. yesterday launched and priced its inaugural Green Bond issue, a EUR 1 billion dual tranche (6 and 12 year) bond issue, each sized at EUR 500 million with coupons of 0.875% and 1.750% respectively with the support of five banks, HSBC Bank plc., ING Bank N.V., Royal Bank of Scotland, Lloyds TSB Bank […]

18 May 2015 Business & Finance, Wind Farm Update

Today, E.ON confirmed the investment decision for the Rampion Offshore Wind Farm in the UK. The total investment is approximately EUR 1.9 billion. The UK Green Investment Bank plc (GIB) has acquired a EUR 327 million stake in the project. The project is located in the English Channel, 13 kilometers from the Sussex coast due south of […]

18 March 2015 Business & Finance

Global expenditure for wind turbine Operations and Maintenance (O&M) will rise from $9.25 billion in 2014 to an estimated $17 billion by 2020, driven by increasing numbers of installations and aging turbines, according to research and consulting firm GlobalData. The company’s latest report states that on average, offshore O&M is two to four times more […]

13 March 2015 Business & Finance

Vattenfall has launched hybrid bonds of SEK 6 billion and EUR 1 billion (approximately SEK 15 billion combined) in order to refinance an existing hybrid bond of EUR 1 billion, issued in 2005. The excess amount will be used for general corporate purposes. The issue of corporate hybrid bonds in Swedish kronor is the first […]

2 March 2015 Grid Connection

Ecosse Subsea Systems (ESS) has signed a Letter of Intent with ABB for a seabed clearance and trenching project in the north of Scotland. The Aberdeenshire-based subsea technology firm will prepare the route for the 100-mile interconnector cable at the centre of SHE Transmission’s £1.2 billion Caithness-Moray transmission link project. Depending on the final scope […]

30 January 2015 Authorities

Ireland’s marine renewable energy sector could ultimately be worth as much as €9 billion by 2030, and be supporting thousands of jobs on the island, according to Energy Minister Alex White. Speaking at the Marine Renewable Energy Ireland (MaREI) Industry Day, in Ringaskiddy, Co. Cork, Minister White also said his department’s support for research and […]

20 January 2015 Business & Finance, R&D

Global wind power installed capacity is set to rise from approximately 364.9 Gigawatts (GW) in 2014 to 650.8 GW by 2020, increasing the demand for wind turbine components across the value chain, says research and consulting firm GlobalData. The company’s latest report states that due to future demand growth, global investment in wind power projects […]

9 January 2015 Business & Finance

World clean energy investment rebounded strongly in 2014, boosted by demand for solar photovoltaics on the back of its greatly improved competitiveness, and by the financing of a record $19.4bn of offshore wind projects. Authoritative annual data, published today by Bloomberg New Energy Finance, show that global investment in clean energy was $310bn last year. […]

8 January 2015 Business & Finance, R&D, Vessels

Reportstack has announced the publication of a market research report on Offshore Vessels and Cables Market, which says that the market is expected to register substantial growth between 2014 and 2020. Reportstack's report on "Offshore Vessels and Cables Market - Market Size, Competitive Landscape and Key Country Analysis to 2020", provides an understanding of the […]

16 December 2014 Authorities, Business & Finance, Grid Connection

Ofgem today approved £1.1 billion funding for a new subsea link in the north of Scotland, called the Caithness Moray project. The regulator’s decision is £105 million less than the funding request from Scottish Hydro Electricity Transmission (SHE Transmission) to ensure consumers pay no more than necessary. The new link will connect 1.2GW of new […]

12 December 2014 Business & Finance

UKRN has launched a guide to support current and future investment in the UK’s regulated infrastructure sectors. The guide was prepared by KPMG and is principally aimed at investors new to one or more of the sectors, but will also be useful for existing investors. The guide aids investors by clearly explaining the regulatory frameworks in […]

11 December 2014

Vattenfall AB on Wednesday signed a 5 year multi-currency revolving credit facility for EUR 2 billion, replacing the existing EUR 2.55 billion facility. The new facility matures on 10 December 2019 and has two one-year extension options. The facility is for general corporate purposes. A total of 15 banks participated in the new credit facility. […]

10 December 2014 Vessels

The global market value for offshore wind turbine and foundation installation vessels will increase more than fivefold, from an estimated $0.56 billion in 2014 to approximately $2.93 billion by 2020, representing an impressive Compound Annual Growth Rate (CAGR) of 30%, says research and consulting firm GlobalData. The company’s latest report states that increasing installations will […]

8 December 2014 Authorities, Business & Finance

The Norwegian Government has proposed to strengthen the equity in Statkraft SF with NOK 10 billion (EUR 1.13 billion). This will be achieved through an equity contribution of NOK 5 billion (EUR 5.68 billion). The remainder of the strengthening will be realized through reductions in future dividends. "We are very pleased with the Government's support […]

28 November 2014 Authorities, Business & Finance, Wind Farm Update

According to Bournemouth Borough Council, Navitus Bay Development Limited (a joint venture between Eneco and EDF) should pay GBP 975 million over 30 years to compensate for an adverse impact of the Navitus Bay on local tourism, should the project be built.  Mark Smith, Bournemouth's Service Director for Tourism, has presented a report which says that the local economy […]

14 November 2014 Business & Finance

Alstom, who is selling power and grid business to US General Electric, might return up to EUR 4 billion to its shareholders. Earlier this year, Alstom board unanimously voted for GE’s EUR 12.35 billion bid, rejecting Siemens-Mitsubishi Heavy offer comprising EUR 8.2 billion cash and an asset swap. On 19 December 2014, the transaction with […]

13 November 2014 Business & Finance, Grid Connection, R&D

A recent report from Navigant Research analyzes the global market for high voltage transmission systems (HVTSs), including global market forecasts for revenue, segmented by technology and region, through 2023. Driven by rapid economic growth and electrification in China, India, and parts of the Middle East and Africa, the high voltage transmission system (HVTS) market is […]

12 November 2014 Authorities, Business & Finance, R&D

The UK has more offshore wind turbines than the rest of the world put together and a pipeline of investment opportunity of up to £21 billion by 2020.  The UK is the biggest market in the world for offshore wind, on track to deliver over 10GW by 2020. A new report ‘UK Offshore Wind: Opportunities […]