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Boralex is planning to sell its interest in the Dunkirk offshore wind project in France to its Vents de Dunkerque consortium partners if the bid is successful. Boralex said that, following a review amid changes in the tender's competitive conditions and risk profile, its interest in the consortium no longer satisfies the company's investment criteria. […]
Offshore wind is well positioned to play a major role in the long term UK energy mix even in the case of hard Brexit, according to a joint report by Wood Mackenzie and Verisk Maplecroft. With more than 19GW of new capacity forecast by 2028, a hard Brexit is expected to have limited impact on this […]
Shell is interested in entering the UK offshore wind market, Mark Gainsborough, executive vice president at Shell New Energies, told Reuters. The company plans to crack the UK offshore wind market through either acquiring a share in an existing project, acquiring an entire project, or by securing seabed leases later this year, Gainsborough told Reuters […]
Ørsted and Naikun Wind Energy Group have decided not to pursue further a joint development agreement for the Haida Energy Field Offshore Wind Project in British Columbia, Canada, and to end partnership discussions.
Offshore Marine Management (OMM) is urging Westminster to consider the impact of Brexit on the future of the offshore renewables industry, ahead of the return of the EU Withdrawal Bill to the UK House of Commons on 12 June.
Statkraft is expecting to close the divestment in the Dudgeon offshore wind farm in the first quarter of 2018, after which the company will have terminated its offshore wind engagement.
Statkraft has now divested all holdings in offshore wind with its stake in the Dudgeon offshore wind farm being acquired by a consortium led by China Resources (Holdings) Company Limited, who will buy Statkraft-owned 30% for GBP 555 million.
Statkraft has continued executing its plan to exit offshore wind and has now sold its stake in the 860MW Triton Knoll project to innogy, thus making innogy the sole owner.
Danish energy company DONG Energy (Dansk Olie og Naturgas / Danish Oil and Natural Gas) is changing its name following the sale of its upstream oil and gas business to INEOS on 29 September.
DONG Energy completed the sale of its upstream oil and gas business to INEOS on Friday, 29 September, after receiving regulatory approvals necessary for the divestment of the business unit.
During the East of England Energy Group (EEEGR) SNS2017 conference, RenewableUK chief executive Hugh McNeal said the UK energy industry needed to represent itself as one sector containing different technologies, instead of pushing for one technology over others, to maximise job and business opportunities.
In her keynote Brexit speech – Plan for Britain – which includes 12 priorities that the UK government will use to negotiate Brexit, UK Prime Minister Theresa May has made clear her support for renewable energy and said that the UK is at the forefront of fields such as science, innovation, and clean energy.
Norway's Statkraft has started preparations for the divestment of its offshore wind assets which include the company's shares in the operational Sheringham Shoal offshore wind farm, as well as the Dudgeon and the Dogger Bank projects in the UK. A divestment of all shares in Sheringham Shoal requires Statkraft to transfer its operatorship. Statkraft and Statoil already signed a […]
Norway's Statkraft is preparing a possible divestment of its shares in the operational Sheringham Shoal offshore wind farm, as well as the Dudgeon and the Dogger Bank projects. The revised strategy follows the announcement in December 2015 that Statkraft would make no new investments in offshore wind. Preparations for the divestment will be carried out in […]
UK participants of the European Union’s Horizon 2020 Programme can rest assured that the approved projects applied for before the UK leaves the European Union will not be affected by the so-called Brexit, as the UK Treasury will underwrite funding for those Horizon 2020 projects. British businesses and universities will have certainty over future funding and should continue […]
Germany's VTC Group Munich has bought Bilfinger's share in Bilfinger Mars Offshore, a Poland-based manufacturer of steel foundations for offshore wind turbines. Bilfinger Mars Offshore was formed as a joint venture between Bilfinger and the Polish Investment fund Mars. Bilfinger is selling all of its 62.5 percent share to VTC, while Mars will remain invested in the joint venture […]
WindEurope, formerly known as EWEA, today published an initial assessment of possible Brexit implications. The full article by WindEurope can be read below. The full impact and implications of the UK referendum, and what it means for the wind industry short and long term, are impossible to assess properly at this stage. But there are some points we […]
The UK leaving the European Union might delay the development of the Moray Firth offshore wind project in Scottish waters, Antonio Mexia, chief executive at Energias de Portugal (EDP), the company which is the owner and developer of the project, was reported by Reuters as saying. The uncertainties brought about by the Brexit vote could add further complexities […]
With the UK referendum result to leave the European Union, along came reactions discussing effects of the country's move, including those from the offshore wind sector, where the UK is at the forefront. According to BVG Associates' Director, Bruce Valpy, the implications for the UK as a whole will be known after the exit negations, which could take at least […]
In its annual results for 2015, Mainstream Renewable Power marked the sale of the Hornsea Project One to DONG Energy in Q1 2015 as part of its strategy to exit the offshore wind market. The company, which reported a profit after tax of € 96.0 million in 2015 (compared to a loss of € 46.6 million in […]
Jennifer Ballantyne, Pinsent Masons' partner and planning specialist, today warned of the paradox facing the UK renewable energy sector if the country decides to leave the European Union. Even though the UK could allow for an easier development of renewables infrastructure, the industry could be harmed by Brexit with the loss of incentives to develop a low-carbon economy, Pinsent […]
Vivid Economics published a note on the impact of the UK leaving the EU, the so-called Brexit, on the UK’s energy sector. The note builds on the company's work for National Grid from November 2015, when it was asked to assess the impact of the Brexit on the UK’s energy sector, finding that the overall impacts are likely […]
Failure to understand the implications of Britain leaving the European Union on the country's offshore wind and nascent wave and tidal industries could be costly, Renewables Consulting Group (RCG) has warned as it is preparing to deliver a study on the effects of the so-called Brexit on UK's offshore renewables industry. Whilst estimates suggest UK level regulation is […]
Clean Current, a British Columbia company dedicated to tidal energy technology development, is closing its business. "All obligations to employees, suppliers and business partners have been met and the Company will be wound down in an orderly way," the company said. Clean Current became the first company to manufacture and deploy a ducted bi-directional tidal turbine, […]
FTI Consulting, Inc., the global business advisory firm, released latest renewable energy publication, Global Wind Supply Chain Update 2015. This report is part of a series of data-driven publications evaluating competitive markets, policy, finance, technology and business models across the energy spectrum. The report, Global Wind Supply Chain Update 2015, examines the supply chain situation […]
Siemens announced its proposal to divest its ocean power generation business, in particular Marine Current Turbines (MCT), based in Bristol, United Kingdom. This restructuring would affect 45 employees in the Hydro & Ocean unit in Siemens Division Wind Power & Renewables. It is expected that the divestment will need several months to be completed. This […]