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MeeMaken BV has acquired a majority stake in the Blue Offshore Group, a provider of solutions for subsea cable installation. The remainder minority part of the company's shares will remain in the possession of Blue Offshore's management. "So far, we have been able to develop Blue Offshore into what it has become today: a solid organization […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Diamond Transmission Partners by Diamond Transmission Corporation Limited (DTC) and by Infrared Capital Partners Limited (IRCP). Diamond Transmission Partners is the holding company of the Offshore Transmission Owner (OFTO) for the 573MW Race Bank offshore wind farm, active in […]
CAPE Investment Partners has acquired the majority shareholding in CAPE Holland and FoundOcean from the private equity investor Ambienta.
Enbridge Inc. has closed the sale of 49% of its 49.9% interest in the Hohe See and Albatros offshore wind farms to Canada Pension Plan Investment Board (CPPIB).
The European Commission has approved the restructuring of ownership over the Seastar and Mermaid offshore wind farms to be built in the Belgian North Sea.
Rostock-based offshore foundations manufacturer EEW Special Pipe Constructions GmbH (EEW SPC) has acquired Bladt Industries' shares in Offshore Structures Britain Ltd. (OSB) and is now the sole owner of the British site on the River Tees.
Eversheds Sutherland has advised the Forewind consortium on the arrangements to swap ownership interests in the four consented 4.8GW Dogger Bank offshore wind projects.
Subsea 7 informed today that it had made an offer to acquire the 50% shareholding in Seaway Heavy Lifting (SHL) currently owned by K&S Baltic Offshore (Cyprus). If the offer is accepted, Subsea 7 would become the sole owner of SHL, since it already holds a 50% interest in the company.
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Norther NV by Diamond Offshore Wind Holdings II BV of the Netherlands, Eneco Wind Belgium NV and Elnu NV, a subsidiary of Elicio NV, all of Belgium. The Commission concluded that the proposed acquisition would raise no competition […]
Dipl.-Wirt.-Ing. (FH) Willi Balz, Windreich AG, is the second largest shareholder of Fuhrländer AG with headquarters in Liebenscheid (Siegerland), and welcomes the change of ownership of Germany's oldest wind turbine manufacturer and emphasis: The new owner structure ensures the future of the traditional manufacturer and opens up a large market. The Ukraine offers good locations […]
Stadtwerke Lübeck acquires a 7.25 % share of the Danish offshore wind farm Nysted. In return, the Danish energy group DONG Energy will acquire Stadtwerke Lübeck's 25.1 % share in the jointly-owned subsidiary DONG Energy Sales GmbH, meaning that DONG Energy will be the sole owner. After the transaction DONG Energy and Stadtwerke Lübeck will […]
UK-based fund manager Glennmont Partners has entered into an agreement with Global Infrastructure Partners (GIP) to acquire a 25% stake in the Gode Wind 1 offshore wind farm in Germany. The acquisition is the first offshore wind investment to be realised from Glennmont’s EUR 850 million Clean Energy Fund III, which achieved its final close […]
Singapore's Kim Heng Marine & Oilfield (KHMO) has signed a Memorandum of Understanding (MOU) with the Taiwan-based Hung Hua Construction (HHC) to collaborate on the offshore wind sector. KHMO will provide vessels, tugboats and barges to HHC by way of a charter, sale or joint ownership and operation to be used for the transportation, delivery […]
Europe invested EUR 10.3 billion in new offshore wind farms with a combined capacity of 4.2GW in 2018, according to WindEurope’s annual Financing and Investment Trends report. Investments in new offshore wind projects increased by 37% from 2017 but were still some way off the record EUR 18.2 billion seen in 2016, according to the […]
Executive summary The development of offshore wind represents an interesting technology opportunity for the US. On one hand, offshore wind is a European invention, and early technologies will have to be almost exclusively imported from Europe. On the other, though, the rapid pace of technology development in offshore wind offers significant potential for the US […]
Fred. Olsen Ocean has entered into an agreement to acquire a 50% ownership in United Wind Logistics GmbH (UWL) through the contribution of new equity in the amount of EUR 12 million. UWL is a Hamburg-based company offering transport solutions for offshore wind turbine components from manufacturing sites to pre-assembly ports. The company has a […]
A consortium composed of funds managed by Commerz Real, wpd invest, KGAL, and the Ingka Group has acquired an 80% stake in the 402MW Veja Mate offshore wind farm in the German North Sea. The consortium acquired the stake in the project from Copenhagen Infrastructure Partners (CIP), Highland Group Holdings, and Siemens Financial Services. Siemens Financial Services […]
Fred. Olsen Windcarrier's jack-up vessel Seafox 5 has officially changed its name to Blue Tern. The Norway-based company emphasized that most of its vessel have a name starting with 'B', therefore renaming Seafox 5 was a natural step. Fred. Olsen Windcarrier made an agreement with the Seafox International Group in December last year for the […]
Canada Pension Plan Investment Board (CPPIB) has issued its first Euro-denominated Green Bond. The sale of EUR 1 billion in 10-year fixed-rate notes will enable CPPIB to invest further in eligible assets such as renewables, water, and real estate projects, as well as diversify the fund’s investor base. Among the Green Bond-eligible investments recently made by […]
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Formosa I offshore wind project in Taiwan by Macquarie, Ørsted, Swancor, and Japan's utility JERA. Formosa 1 is currently a joint venture between Ørsted (35% ownership), Taiwanese developer Swancor Renewable (15%), and Macquarie Capital (50%). As reported, JERA agreed […]
EEW Offshore Structures (Britain) Ltd. (EEW OSB) has completed the work scope for Ørsted's Hornsea Project One offshore wind project. EEW OSB was tasked with manufacturing 86 out of 174 transition pieces (TPs) for the project. EEW Special Pipe Constructions GmbH (EEW SPC), EEW OSB’s parent company, is manufacturing the 174 monopiles for the wind farm. The […]
Japan's largest power company Tokyo Electric Power Company Holdings, Inc. (TEPCO) and Ørsted have signed a memorandum of understanding to work jointly on offshore wind projects. TEPCO and Ørsted will work jointly on the Choshi offshore wind project near Tokyo, for which TEPCO has been carrying out a seabed survey to examine its feasibility, and […]
Equinor has entered into an agreement with Unitech Offshore for the takeover of its Hywind Demo floating wind turbine in Norway. The turbine will be renamed to UNITECH Zefyros at Hywind Technology from 1 February and will be used as an infrastructure for research and technology projects in Metcentre at Karmøy. In its next phase, the floating turbine will […]
Offshore WIND's ten most read news in December 2018.
Fred. Olsen Windcarrier has made an agreement with Seafox International Group to acquire a 51% ownership in the jack-up vessel Seafox 5.
SSE has welcomed the UK Government's Contracts for Difference (CfD) budget announcement, however, the company added that setting out strike prices approaching subsidy-free levels was ambitious and that the capacity cap was disappointing.