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James Fisher and Sons plc has secured a number of contract awards in the offshore renewable energy sector with a combined value of circa GBP 30 million. James Fisher has been awarded phase 2 of the unexploded ordinance work and boulder clearance, as well as met mast decommissioning at the East Anglia One offshore wind […]
The Supergen ORE Hub has received GBP 4 million from the Engineering and Physical Sciences Research Council (EPSRC) as support for offshore renewable energy research. The Supergen ORE Hub is a national consortium created in July last year to bring together academic, industrial and policy stakeholders to champion and maintain UK’s offshore wind, wave and tidal […]
SeaTwirl has secured a EUR 2.48 million grant from the European Commission for its SeaTwirl S2 floating wind turbine. SeaTwirl is receiving the grant for the 1MW full-scale floating wind turbine as part of the European Innovation Council's SME Instrument program. The grant will be used for the final phase of the S2 project and primarily […]
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 […]
Ørsted has secured nominal GBP 900 million through the issuance of green senior bonds, to finance its green growth ambition towards 2025 including the investment in the 1,386MW Hornsea Project Two offshore wind farm in the United Kingdom. Ørsted has completed the pricing of new unsecured green senior bonds comprising a GBP 350 million fixed-rate […]
The U.S. Department of Energy (DOE) has selected four projects totaling up to USD 8 million to develop next-generation drivetrain technologies to facilitate the growth of tall offshore and onshore wind turbines. The projects are expected to develop more efficient, smaller, and lighter-weight generators that will lower costs and make wind power more affordable. Each of the chosen […]
Ørsted US Offshore Wind and Eversource, owners of the Revolution Wind project, have pledged USD 4.5 million to support offshore wind education and supply chain development in Rhode Island. The funding will be invested locally, with USD 3 million dedicated for higher education around offshore wind programs led by the University of Rhode Island (URI), which […]
German wind turbine manufacturer Senvion, its lenders, and main bond holders have signed a binding loan agreement, setting forth terms for a EUR 100 million debtor-in-possession (DIP) facility. According to Senvion, the DIP facility enables the company to continue its business operations following last week's self-administration filing. The loan has received Board approvals and allows substantial […]
The European Commission has fined General Electric (GE) EUR 52 million for providing incorrect information during the investigation under the EU Merger Regulation of GE's planned acquisition of LM Wind Power. On 11 January 2017, GE notified its proposed acquisition of the blade manufacturer. In this notification, GE stated that it did not have any […]
A UK consortium led by the University of Hull has won a GBP 5.5 million funding for the Aura Centre for Doctoral Training (CDT) aimed at boosting offshore wind skills and investment. The bid, which the university's Energy & Environment Institute secured from the Engineering and Physical Sciences Research Council (EPSRC) and Natural Environment Research Council (NERC), […]
Innogy has distributed GBP 1.4 million in Wales in 2018 through community funding from its renewable energy projects.
The Danish Government Scheme for Energy Technology Development and Demonstration Program (EUDP) has awarded DKK 16 million (more than EUR 2 million) to Rope Robotics.
GeoSea has contracted Lamprell for the fabrication of 45 wind turbine and three substation jacket foundations for the Moray East offshore wind farm. The contract is valued at more than USD 200 million.
The Japan-based Nippon Life Insurance has executed a GBP 200 million syndicated loan for the Race Bank offshore wind project in the UK.
Offshore wind farms at three lease areas off Massachusetts will be built by Equinor (former Statoil), Mayflower Wind Energy (a joint venture between Shell and EDP Renewables) and Vineyard Wind. The three will secure 30-year concessions with a total of USD 405,100,000.
The Port of New Bedford in Massachusetts has received a USD 15.4 million grant from the U.S. Department of Transportation which will be used for expanding and improving the infrastructure.
The UK-based Aviva Investors has invested GBP 400 million to help fund the construction of Ørsted's Hornsea Project One offshore wind farm.
The Port of Cromarty Firth has signed a contract with Moray Offshore Windfarm (East) Ltd, the developer of a 950MW offshore wind farm in the Outer Moray Firth, which will use the port as an intermediate one during the project construction.
The UK Department for Business, Energy and Industrial Strategy (BEIS) has issued a draft budget notice amounting to GBP 60 million for the third Contracts for Difference (CfD) round.
Danish offshore wind operations & maintenance services provider ZITON A/S has raised EUR 100 million in a senior secured bond and EUR 25 million in a second secured bond.
Portugal's ASM Industries has signed a EUR 4.5 million investment agreement with an undisclosed institutional investor for ASM Offshore - the company's offshore wind foundations and towers manufacturing unit.
U.S. Department of Energy's (DOE) Wind Energy Technologies Office (WETO) has announced a funding opportunity for advanced research and development (R&D) to reduce wind energy costs and environmental impacts.
Ørsted has awarded NKT with a contract worth over EUR 145 million, under which NKT will supply more than 190 kilometres of 220kV high-voltage AC XLPE offshore export cable system for the Hornsea Project Two offshore wind farm in the UK.
Vattenfall has awarded TÜV SÜD with a EUR 1.2 million contract for project certification services for the developer's Kriegers Flak offshore wind farm and Vesterhav Syd and Nord nearshore wind farms in Denmark.
Triton Knoll Offshore Wind Farm Ltd. has officially signed a GBP 100 million contract with J Murphy & Sons for onshore work at innogy's 860MW offshore wind project in the UK.
Scottish government has awarded some GBP 2 million in funding to Carbon Trust’s Offshore Wind Accelerator (OWA), Offshore Renewable Energy (ORE) Catapult and, Energy Skills Partnership to support innovation across the offshore wind sector.