Search results for: sold

335 results

A list of search results

  • 19 January 2017
    Business & Finance

    DONG Energy expects to divest its activities within exploration and production of oil and gas before the end of this year.

  • 17 January 2017
    Wind Farm Update

    The German Federal Maritime and Hydrographic Agency (BSH) has issued the planning permission for the Gode Wind 3 offshore wind farm, allowing for multi-megawatt class turbines to be installed as part of the project. Following the permission, PNE WIND concluded the sale of the project to DONG Energy.

  • 9 January 2017
    Business & Finance

    Swedish utility Vattenfall has bought the 584MW Atlantis I offshore wind project in the German North Sea from PNE Wind AG.  The Atlantis I project will be handed over to Vattenfall upon closing of the sale and purchase agreement, which is still subject to various closing conditions. PNE Wind sold the project to Vattenfall ”for a […]

  • 16 December 2016
    Business & Finance, Wind Farm Update

    Danish pension fund administrator PKA has sold its stake in German Butendiek offshore wind farm to a consortium led by ITOCHU, the second-largest Japanese sogo shosha after Mitsubishi Corporation, for DKK 1 billion (approx. EUR 134.5 million). The sale is still subject to competition authority approval. In 2013, PKA acquired a 22.5% stake in the German […]

  • 9 December 2016
    Authorities, Business & Finance, Wind Farm Update

    The European Commission (EC) has approved support to the Rentel and Norther offshore wind projects along with authorising Belgian plans to finance electricity generation from offshore renewables. The EC found that that Belgian scheme and the two offshore wind projects are in line with the 2014 Guidelines on State Aid for Environmental Protection and Energy. They […]

  • 15 November 2016
    Business & Finance, Operations & Maintenance

    UK-based wind turbine support company TRG Wind has sold its recruitment business to a member of its senior management team and has secured premises at Tower House Lane Business Park in Hull for its new operations centre which is expected to help the company expand its activities in the offshore sector. Nico Young, formerly operations co-ordinator at TRG […]

  • 15 November 2016
    Business & Finance

    Fletcher Group, an Aberdeen-based platform supply vessel (PSV) operator, has entered the offshore wind market following ROV operations and boulder clearance carried out at an offshore wind project, which the company left unnamed. After 20 years of supporting the oil and gas industry, Fletcher said it is now expanding into offshore wind with a new cost-efficient solution. […]

  • 4 November 2016
    Authorities, Business & Finance, Environment, Grid Connection, R&D, Training & Education, Wind Farm Update

    The Massachusetts Executive Office of Energy and Environmental Affairs’ Office of Coastal Zone Management and the Massachusetts Clean Energy Center will host public information meetings to discuss recent and upcoming planning and assessment activities related to future offshore wind projects in federal waters off Massachusetts. Topics will include an overview of the state’s new energy […]

  • 3 November 2016
    Authorities, R&D, Technology

    The Danish government is expected to propose new test sites for large wind turbines before Christmas, according to Danish media.  The government will thus be following up on the work that took place in 2011, when the test centre comprising seven sites was established in Østerild. Since then, all the sites have been sold or rented, […]

  • 26 October 2016
    R&D, Vessels, Wind Farm Update

    Fugro has been awarded a contract by Vineyard Wind, formerly named OffshoreMW, to perform a marine geotechnical site investigation within its wind development lease area south of Martha’s Vineyard, Massachusetts. Fugro’s 105-meter drilling vessel M/V Fugro Synergy will perform the study, which will include numerous seabed CPTs and exploration boreholes, along with sampling and downhole CPTs. […]

  • 26 September 2016
    Authorities, Business & Finance

    German energy company RWE plans to launch the initial public offering (IPO) of shares in its renewable energy, retail and grid spin-off, innogy SE, on the Frankfurt Stock Exchange on 7 October. As reported last week, RWE intends to place 55.6 million of innogy’s newly issued shares on the stock market, representing roughly a 10 percent stake in the […]

  • 12 September 2016
    Business & Finance

    Areva is set to sell its stake in Adwen to Siemens and Gamesa on Wednesday, Le Figaro reported. The 50% share Areva holds in the offshore wind turbine maker Adwen, a joint venture between Areva and Spain’s Gamesa, will be sold for EUR 60 million, according to the French newspaper. As part of the merger agreement between Gamesa […]

  • 31 August 2016

    By Boy Biemans en Eelko May  at Bosch Rexroth Transferring people and cargo at open sea can result in dangerous situations for ships, platforms and crew. To enable safe and efficient transfer of personnel and cargo from ships to offshore platforms, wind turbines at sea or other ships, Barge Master teamed up with Bosch Rexroth to develop […]

  • 26 August 2016
    Business & Finance, Wind Farm Update

    Danish fund management company Copenhagen Infrastructure Partners (CIP) has acquired 100% of Offshore MW LLC, a company holding a 166,886 acre (675 square km) offshore wind energy lease issued by the US Bureau of Ocean Energy Management (BOEM) and located south of Massachusetts.  Offshore MW LLC is eligible to participate in the utility tender program established by recently […]

  • 12 August 2016
    Business & Finance, R&D, Wind Farm Update

    German wind farm developer PNE Wind recorded EUR 1.4 million operating loss in the first six months of 2016, as compared to EUR 24 million operating profit reported for the same period a year earlier, as the high expenses related to the construction of wind farms dragged the company’s results down. In the first six months of 2016, the […]

  • 5 August 2016
    Business & Finance

    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 […]

  • 28 July 2016
    Business & Finance, Wind Farm Update

    Centrica is currently developing plans to dispose of its 50% interest in the 270MW Lincs offshore wind farm, after which the British utility will complete the strategy to dispose of its interests in wind power. The wind farm’s remaining share is held by DONG Energy (25%) and Siemens Project Ventures (25%). Centrica started the wind asset disposal strategy in […]

  • 25 July 2016
    Business & Finance

    GE Renewable Energy marked an 11 percent decrease in profit for the three months ended June 30, 2016,  compared to the same period a year earlier, despite significant improvements in revenue. The profit for the second quarter stood at USD 128 million, as opposed to USD 144 million recorded in the second quarter of 2015. GE […]

  • 20 June 2016
    Authorities, Business & Finance

    Morgan Stanley & Co International plc. has, in its capacity as stabilising manager in the initial public offering (IPO) and listing of DONG Energy A/S, exercised the overallotment option on behalf of the managers to purchase all of the additional shares at the offer price of DKK 235 (EUR 31.6) per share. The selling shareholders, […]

  • 13 June 2016
    Authorities, Business & Finance

    DONG Energy’s admittance to trading and official listing of its shares on Nasdaq Copenhagen has today become unconditional after the selling  shareholders and underwriters invoked no termination or withdrawal rights pertaining to the Initial Public Offering launched on 9 June. Accordingly, the IPO has today proceeded to completion and the offer shares, other than the shares comprised by the overallotment […]

  • 9 June 2016
    Authorities, Business & Finance

    DONG Energy has announced the results of its Initial Public Offering (IPO) through which 17.4% of the company’s shares have been allocated to more than 36,000 new investors at the final offer price of DKK 235 (EUR 31.6), leading to a market capitalisation of the company of DKK 98.2 billion (EUR 13.2 bn).  The admission to trading and official listing of […]

  • 7 June 2016

    Van Oord and Highland Group Holdings Ltd. have signed a cooperation agreement for the development, financing and construction of the offshore wind farm Deutsche Bucht in Germany. The two companies intend to participate in the equity for the offshore wind farm. Financial close is scheduled for the first half of 2017, the offshore installation is envisaged […]

  • 7 June 2016
    Authorities, Business & Finance

    DONG Energy will close initial public offering (IPO) to retail investors with orders up to and including DKK 3 million on 7 June at 4 PM CET, one day earlier than initially planned ”due to the aggregate demand from retail investors exceeding the expected allocation of offer shares to this investor group.” The IPO to investors […]

  • 3 June 2016
    Authorities, Business & Finance, Technology

    Aberdeen-based SeaEnergy has gone into administration and sold its Return to Scene (R2S) business to James Fisher & Sons plc for GBP 1.9 million. KPMG’s Geoff Jacobs,  Blair Nimmo and Tony Friar were appointed as joint administrators of the offshore energy services provider on June 2. SeaEnergy is the holding company of the SeaEnergy group of […]

  • 2 June 2016
    Authorities, Business & Finance

    Sif Holding N.V. has announced that ABN AMRO and HSBC, acting as joint global coordinators, have partially exercised an over-allotment option included in the company’s initial public offering (IPO) on Euronext Amsterdam, which increased a free float to around 33% of the company’s shares. ABN AMRO and HSBC have, on behalf of the underwriters, been granted an over-allotment option of up to an […]

  • 26 May 2016
    Authorities, Business & Finance

    DONG Energy will sell up to 17.4% of the existing shares through the Initial Public Offering (IPO) scheduled for June 2016, with the indicative prince range set at DKK 200 to DKK 255 per share, corresponding to an implied market capitalisation of the company of DKK 83.5 billion to DKK 106.5 billion (EUR 11.2bn – 14.3bn). The IPO consists of […]