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Petrofac has secured a five-year framework agreement with Transmission Capital to provide engineering services across six of its Offshore Transmission Owner (OFTO) assets.
German investment company Aquila Capital has launched a EUR 750 million fund primarily seeking investments in onshore and offshore wind power, photovoltaics, hydropower, electricity grids and heat networks, as well as energy storage with an emphasis on greenfield projects.
Ofgem has appointed Transmission Capital Partners as the preferred bidder to own and operate the high-voltage transmission link to the Dudgeon offshore wind farm for the next 20 years.
With global offshore wind expenditure expected to rise to over GBP 350 billion between now and 2026, subsea companies have a huge opportunity to step up and play their part in helping to meet the world’s renewable energy targets, according to Subsea UK.
Australia's Macquarie Capital and Taiwan's Ministry of Economic Affairs signed a Memorandum of Understanding which will see the Sydney-based company invest around USD 792 million in offshore wind projects in Taiwan over the next three years, the company's chairman John Walker said in an interview with Taiwan's Central News Agency. Taiwan's renewable energy drive is the biggest business […]
Transmission assets owner and operator Transmission Capital Services (TCS) has chartered one of CWind’s crew transfer vessels (CTV) on a five-year contract to support works at several of their offshore substations in the United Kingdom. CWind is using one of its MPC19 resin infused composite catamarans to provide the crew transfer services. In February this […]
Offshore Wind Consultants Limited (OWC) has been employed by Transmission Capital Services Limited (TCS) to provide technical consultancy services on contingency planning and other services relating to the OFTO assets managed by TCS. TCS manages six OFTOs, namely TC Barrow OFTO Limited, TC Gunfleet Sands OFTO Limited, TC Ormonde OFTO Limited, TC Robin Rigg OFTO […]
Ofgem yesterday issued a notice of consultation to modify conditions of the transmission licence proposed to be granted to the successful bidder for the Westermost Rough project. The proposed modifications are related to certain standard conditions of the transmission licence that may be granted to the licensee of the Westermost Rough assets. Transmission Capital Partners, a consortium […]
A new financial modelling and analytics software tool for the renewable energy sector was licensed this week by University College Cork to spin out company, Exceedence Ltd. The company, founded and led by Dr. Ray Alcorn, will now bring to market the Exceedence FINANCE solution developed by software engineers, financial analysts, industry specialists and researchers […]
Beaufort Capital, a private equity firm from Hamburg, has acquired Nordseewerke GmbH. The announcement was made a day after Emden-based offshore wind supplier entered the insolvency procedure. According to the buyer, the company will be rebranded to Nordseewerke Emden Shipyard and will work closely together with Emden Dockyard EWD. The new company has already taken […]
The owners of Marine Energy Test Centre (Metcentre) have increased the share capital of the test centre. After the capital increase, the owners of Metcentre are Rogaland County (35%), Statoil (35%), Haugaland Kraft (13%), Municipality of Karmøy (8%), Polytec research foundation (5%) and others (4%). Chairman of the board, Gunnar Birkeland says: “This capital increase is very […]
Capital & Centric is under construction with 20,599 sq ft (1,914sq m) of office and warehouse accommodation, including laboratory, research and development space. The accommodation, known as Lightbox, located on Abbey Street in Birkenhead, is targeted towards small to medium sized enterprises within the Offshore Wind Sector. The 1.5 acre (0.6 hectare) site, which Capital […]
GS Infrastructure Partners (“GSIP”) and Infracapital announce the signing of an agreement for the sale of their combined 33.33% stake in Associated British Ports (“ABP”). A consortium comprising Canada Pension Plan Investment Board (“CPPIB”) and Hermes Infrastructure has agreed to acquire a stake in ABP from GSIP and Infracapital of at least 30%, and may acquire a further […]
Following the Laidlaw Capital Group's acquisition of the Deutsche Bucht wind farm in the North Sea, around 90 km off Borkum, the UK-based company has now acquired the neighbouring Veja Mate wind farm. The purchase of the wind farm project from the BARD Group was completed yesterday. Once finished, the Veja Mate offshore wind farm […]
Carnegie Wave Energy Limited (CWE) has announced the completion of an oversubscribed $9m capital raise to be used to continue the commercialisation of its CETO technology. Carnegie had previously announced on 25 February 2014 that it had initiated a capital raising via a Share Purchase Plan (SPP) of $6 million and with capacity to accept […]
Perth-based company, Bombora Wavepower, has wrapped up its capital funding round, according to Hydro World. Recently, the company announced its plan to raise US$3.6 million during the capital raise. Bombora executive director Glen Ryan welcomed this announcement by saying: "It is a great achievement given the tough environment for capital raising and the political uncertainty […]
Vattenfall has decided to sell Vattenfall Europe PowerConsult GmbH, (VPC, a leading engineering and laboratory services company with overall 535 employees) to the Private Equity Investor Palero capital GmbH. The parties have agreed not to disclose the transaction value. The transaction is expected to be closed within the first quarter of 2014. VPC's headquarter is […]
At an extraordinary general meeting today, DONG Energy A/S’ shareholders adopted the planned capital increase in DONG Energy A/S. Funds managed by Goldman Sachs through New Energy Investment s.à r.l., the Danish pension funds Arbejdsmarkedets Tillægspension and PFA Pension, Forsikringsaktieselskab and the existing minority shareholders SEAS-NVE, SYD ENERGI, Insero Horsens and Nyfors Entreprise will subscribe […]
Today, the Danish Parliament's Finance Committee approved the agreement on capital investment in DONG Energy of approx DKK 13 billion. The investment comes partly from new investors, Goldman Sachs: DKK 8 billion, Arbejdsmarkedets Tillægspension: DKK 2.2 billion and PFA Pension Forsikringsaktieselskab: DKK 0.8 billion, and partly from existing minority shareholders. The combined investment of the existing […]
In continuation of the announcement that the Danish pension funds Arbejdsmarkedets Tillægspension (ATP) and PFA Pension Forsikringsaktieselskab (PFA) and funds managed by Goldman Sachs Merchant Banking Division through New Energy Investment S.a.r.l. (Goldman Sachs funds) will invest a total of DKK 11 billion in DONG Energy A/S, four of the existing five minority shareholders have […]
Private equity firm NPM Capital is taking a majority interest in Dieseko Group BV, manufacturer of hydraulic vibratory foundation equipment. These machines and power packs are supplied for rental and sales to foundation companies across the globe. Not only on land and on the water but also in the offshore industry. BAM, Ballast Nedam, Heijmans, […]
Wave energy developer Carnegie Wave Energy Limited (CWE) has announced that it has completed a capital raise of $4 million by issuing convertible notes to provide early access to the expected R&D tax refund for the financial year ended 30 June 2014. The funds will be used to fast track the design of the CETO […]
Mercom Capital Group, llc, a global clean energy communications and consulting firm, has released its report on funding and merger and acquisition (M&A) activity for the wind sector during the second quarter of 2013. Wind venture capital (VC) funding picked up significantly this quarter amounting to $210 million with the help of some large deals […]
With the support of technical due diligence advice from GL Garrad Hassan, Sumitomo Corporation and its subsidiary Sumitomo Corporation Europe last week agreed to invest significant amount of equity in two Belgian offshore projects. The Belwind 1 operational wind farm and Northwind project together account for 127 wind turbines and 381 MW of generating capacity […]
The European offshore wind sector installed 277 turbines, with a capacity of 1045MW in the first half of 2013 according to a report by the European Wind Energy Association. However, despite this growth the industry has noticed a slowdown in investments in new projects. This slow down can be attributed to the high cost of […]