Search results for: fund

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14 June 2019 Business & Finance

Cotes has secured funding from Innovation Fund Denmark for the development of its off-grid protection solution for offshore wind transition pieces (TPs). Project COOPER includes a solution that protects the bases of offshore wind turbines from corrosive effects of salt-laden airborne moisture in situations where power is not linked up or available yet. According to […]

6 June 2019 Business & Finance

London-based fund manager Glennmont Partners has raised EUR 850 million in its Clean Energy Fund III which will see investments in European offshore wind projects for the first time. Over 70% of Clean Energy Fund III will be invested in projects in the Eurozone with the UK also being an important market. This is the […]

15 May 2019 Business & Finance

Copenhagen Infrastructure Partners (CIP) has established a new fund, Copenhagen Infrastructure New Markets Fund I K/S (CI NMF I), which will invest in renewable energy infrastructure targeting primarily Asia and Latin America. The new fund reached the first close of USD 700 million on 9 May and is expected to achieve its final close with […]

13 May 2019 Business & Finance, Training & Education

The Massachusetts Baker-Polito Administration is allocating USD 721,500 in grants to six academic institutions and labor organizations to establish workforce training and development programs to support the state’s offshore wind sector. The awards, which include USD 200,000 from Vineyard Wind’s Windward Workforce Fund, will be used to grow a workforce required to meet the needs […]

1 May 2019 Business & Finance

The Spanish Saitec Offshore has secured funding from the European Commission to build a prototype version of its SATH (Swinging Around Twin Hull) floating wind turbine design. Saitec will use the almost EUR 2 million funding to build and deploy a 1:6 SATH prototype for two-year offshore testing to de-risk the DemoSATH, a 2MW demonstrator set […]

29 April 2019 Business & Finance

Ørsted has launched the third annual round of its Walney Extension Skills Fund, dedicated to coastal areas of Lancashire and Cumbria in the UK. GBP 50,000 is available to organizations that can develop and deliver Science, Technology, Engineering and Maths (STEM) related training or education courses, a one-off event, or a program of targeted events. The full amount may be […]

25 April 2019 Business & Finance

Ørsted has opened the third round of its East Coast Skills Fund for applications, with GBP 55,000 available for coastal areas of Yorkshire, Lincolnshire and North Norfolk. The grants will be available to organizations that can develop and deliver Science, Technology, Engineering and Maths (STEM) related training or education courses, a one-off event, or a program of […]

18 April 2019 Business & Finance

Ørsted has awarded fourteen organizations from Yorkshire, Lincolnshire and North Norfolk in the UK with grants from the fifth round of its East Coast Community Fund. The East Coast Community Fund was launched in December 2016 as part of Ørsted’s community engagement program for its Hornsea Project One and Race Bank offshore wind farms. The 14 awarded groups […]

11 April 2019 Business & Finance, Wind Farm Update

Quadran Energies Marines has applied for funding with the European Investment Bank (EIB) for the EolMed floating offshore wind project in France. Quadran is seeking approximately EUR 50 million in the application that has been under appraisal since 21 March, EIB said. According to the bank, the project's environmental impact assessments (EIAs) and permitting will be […]

5 April 2019 Business & Finance

A Norfolk County Council project to alert SMEs in the region to supply chain opportunities in the offshore wind industry has been approved for GBP 22,000 funding from New Anglia LEP’s first revenue fund. Delivered in conjunction with Vattenfall and Norfolk Chamber of Commerce, this project seeks to build the skills and capabilities of SMEs […]

29 March 2019 Authorities, R&D

The U.S. Department of Energy (DOE) is allocating up to USD 28.1 million in funding for wind energy research, of which more than half will be awarded for offshore wind. DOE will give up to USD 7 million for projects conducting testing in support of innovative offshore wind research and development using national-level testing facilities, including […]

28 March 2019 Business & Finance, Technology

X1 Wind’s single point mooring system platform for floating wind turbines is set to receive EUR 4 million of EU Commission Horizon 2020 funding. A consortium of nine partners, led by X1 Wind, will deploy a prototype of the PivotBuoy at a test site at the Oceanic Platform of the Canary Islands (PLOCAN). The consortium will […]

18 March 2019 Authorities, Business & Finance, R&D

The Danish government has allocated DKK 50 million (circa EUR 6.7 million) for new wind turbine testing facilities at the Lindø Offshore Renewables Center (LORC). According to the government, the award will contribute to the establishment of testing facilities for 16MW turbines, which will overall cost approximately DKK 300 million. The Danish Export Credit Agency (EKF), […]

14 March 2019 Business & Finance, Environment

The U.S. Department of Energy (DOE) has allocated USD 6.2 million for nine projects expected to reduce environmental compliance costs and environmental impacts of offshore and onshore wind energy. The early-stage research projects, funded by the DOE Office of Energy Efficiency and Renewable Energy's Wind Energy Technologies Office, are expected to total USD 9.5 million […]

18 February 2019 Business & Finance

Sumitomo Corporation, Sumitomo Mitsui Banking Corporation (SMBC) and Development Bank of Japan have established their first fund dedicated to overseas offshore wind projects. Established through the fund management company Spring Infrastructure Capital, the fund will acquire the assets Sumitomo Corporation holds in the Race Bank and Galloper offshore wind farms in the UK as seed assets. […]

14 February 2019 Business & Finance, Wind Farm Update

EDF Energies Nouvelles and Enbridge have applied for funding with the European Investment Bank (EIB) for the Saint-Nazaire and Fécamp offshore wind projects in France. EIB has not disclosed the total cost and the approximate amount of the proposed finance that the companies applied for. Saint-Nazaire is being developed by Eolien Maritime France (EMF), a joint venture of EDF EN […]

22 January 2019 Business & Finance, Contracts & Tenders

The Moulins de Flandre consortium bidding to develop the Dunkirk offshore wind farm in France has signed an agreement with crowdfunding platform Enerfip to set up a financing campaign in case its offer wins the tender. The aim of the crowdfunding campaign is to allow locals in Dunkirk and Hauts-de-France interested in clean energy to support the planned offshore wind project, […]

15 January 2019 Business & Finance

SSE plc has reopened the Beatrice Partnership Fund and is inviting local Highland and Moray communities in Scotland to apply for grants. Groups and organizations in the two regions are welcome to apply for grants amounting to between GBP 10,000 and GBP 50,000. This deadline for the submission of applications is 25 April by 12:00 […]

14 January 2019 Business & Finance

Vattenfall has started accepting applications for the community benefit scheme that is part of its European Offshore Wind Deployment Centre (EOWDC) community fund. Vattenfall is committed to annually investing GBP 150,000 in the community benefit scheme for the 20-year lifetime of the 93.2MW offshore wind project in Scotland. The fund is accepting applications from today, 14 January, […]

21 December 2018 Business & Finance

Ørsted has awarded ten local organizations around Liverpool Bay, the UK, with grants from the seventh round of the Burbo Bank Extension Community Fund.

19 December 2018 Authorities, Business & Finance

The New Jersey Board of Public Utilities (NJBPU) has unanimously voted to adopt a proposed rule establishing the Offshore Wind Renewable Energy Certificate (OREC) funding mechanism for the state's offshore wind energy.

12 December 2018 Business & Finance, Contracts & Tenders, R&D, Technology

SeaTwirl and Floating Power Plant have joined the Ocean Energy Scale-Up Alliance (OESA) which has been granted funding from the Interreg North Sea Region.

11 December 2018 Authorities, Business & Finance

The European Commission had approved the public funding that France plans to put in place for the construction of the Dunkirk offshore wind farm.

11 December 2018 Business & Finance

The European Commission had approved the public funding that France plans to put in place for the construction of the Dunkirk offshore wind farm.

10 December 2018 Business & Finance, R&D, Technology

Subsea services company Rovco has secured additional funding from Innovate UK to develop the next stage of its 3D vision and Artificial Intelligence (AI) survey technology.

29 November 2018 Business & Finance, Wind Farm Update

The Moray Offshore Windfarm (East) Limited consortium has secured financing for the construction of its 950MW offshore wind farm in the Outer Moray Firth, Scotland.