Search results for: stake

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  • 22 January 2016
    Business & Finance, Wind Farm Update

    Scotland-based SSE has sold a further 10% stake in the Beatrice offshore wind farm to its joint venture partner Copenhagen Infrastructure Partners (CIP). SSE now holds a 40% stake in the project, with CIP controlling a 35% stake, and Repsol the remaining 25%. SSE says that the sale marks another key step in the project’s preparation […]

  • 10 November 2014
    Business & Finance

    Royal Boskalis Westminster N.V. (Boskalis) has acquired a 14.8% stake in Fugro N.V. Boskalis views Fugro as an interesting company with activities that fit very well with its own activities. Boskalis wants to enter into a dialogue with Fugro to explore possible options for cooperation. Boskalis stresses that it has no intention to make an […]

  • 19 July 2019
    Business & Finance, Wind Farm Update

    The Dutch PGGM Infrastructure Fund has increased its stake in the 367MW Walney offshore wind farm in the Irish Sea to 24.8 percent. The Dutch pension fund had had a 14.9 percent interest in the wind farm through the Offshore Partners Walney Holdco Limited (OPW) consortium with the Ampère Equity Fund, which had controlled a 9.9 […]

  • 23 July 2015
    Authorities, Business & Finance

    Repsol and EDP Renováveis ​​(EDPR) have reached an agreement to swap stakes in two offshore wind project with a total capacity of 1.9GW. According to the agreement, EDPR will acquire 33% stake in the Moray offshore wind project and sell the 49% stake in the Inch Cape offshore wind project. When the transactions are finalised, Repsol […]

  • 1 September 2014

    Fortum has acquired a minority share of 13.6 per cent in the Finnish wave energy developer Wello Oy. The Penguin wave energy converter solution, developed by Wello, is based on a floating vessel that captures the kinetic energy of waves and converts it into electrical power with a generator. The advantage of the floating vessel […]

  • 1 August 2019
    Business & Finance

    US investment firm Stonepeak Infrastructure Partners has acquired a 95% stake in Swancor Renewable Energy Co. Ltd, a subsidiary of Swancor Holding. The transaction is valued between USD 25 million and USD 101 million, Swancor said in a stock exchange filing. Swancor Renewable Energy holds a 15% stake in the 128MW Formosa 1 offshore wind project which is […]

  • 25 May 2015
    Business & Finance

    Caisse des Dépôts has acquired a 7.5% stake in 496 MW Saint-Brieuc wind energy project off the French coast. The French financial organisation has formed a joint venture, Avel Vor, with Eole-RES, which reduced its stake to 22.5%. Iberdrola remains the majority shareholder with 70% stake in the project while the newly formed joint venture […]

  • 12 September 2017
    Business & Finance, Vessels

    PSA Marine has acquired shareholding in Njord Offshore, which has been managing the crew transfer vessels of PSA Marine’s subsidiary Ventus Marine Limited since 2015.

  • 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 […]

  • 12 February 2013

    A Canadian pension fund Caisse de dépôt et placement du Québec is planning to acquire half of Dong Energy’s 50% stake in the London Array offshore wind farm, The Sunday Times reports. This 25% stake in the world’s largest offshore wind farm would cost the pension fund GBP 500 million. Besides Dong Energy, E.ON owns […]

  • 20 January 2014
    Business & Finance, Wind Farm Update

    After terminating the Atlantic Array offshore wind project, RWE is most likely to cut down more of its investments in renewable projects in the UK, writes Guardian Sustainable Business. The company’s share price is going down and RWE is also dealing with rather large debts. Beside these issues, offshore wind policy uncertainty in the UK […]

  • 5 February 2020
    Business & Finance

    Siemens AG is acquiring all Iberdrola’s shares in Siemens Gamesa Renewable Energy (SGRE).

  • 13 December 2016
    Business & Finance

    After the last week’s announcement that Royal Boskalis Westminster reduced its holding in Fugro to 24.9%, the Dutch dredging, maritime and offshore company informed this morning that it further cut its stake in Fugro to 9.38%. Peter Berdowski, CEO Boskalis: “During the presentation of the half year results, we indicated that we would reconsider our position in […]

  • 6 January 2017
    Business & Finance, Contracts & Tenders, Technology

    French nuclear and renewable energy company Areva has finalized the sale of its 50% stake in the offshore turbine manufacturer Adwen to Spain’s Gamesa. Gamesa and Areva formed the Adwen joint venture in March 2015, with both companies investing around EUR 200 million, offering two 5MW turbine types (AD 5-135 and AD 5-132 ) and […]

  • 8 June 2015
    Business & Finance

    Wave and tidal energy market demands have led the European Marine Energy Centre (EMEC) to reorganization, during which redundancies will be made, the Centre announced Friday. To maintain EMEC dynamic and enable its prompt response to market conditions under tight R&D funding, the restructure will focus on meeting industry’s demand, Neil Kermode, EMEC’s Managing Director explained. “The […]

  • 10 March 2016
    Business & Finance, Wind Farm Update

    China Three Gorges Corporation and China Guodian Corporation have placed bids to buy Blackstone Group LP’s share in the 288MW Meerwind Süd/Ost offshore wind farm situated in the German part of the North Sea, Bloomberg quoted sources familiar with the matter as saying. The wind farm is owned and operated by WindMW GmbH, which in turn […]

  • 13 May 2013
    Business & Finance

    As part of its strategy to “prioritise its investments”, Vattenfall is to reduce its stake in European Offshore Wind Deployment Centre (EOWDC), writes BBC. The £230m EOWDC, which is opposed by Donald Trump, will consist of 11 wind turbines located in Aberdeen Bay. Peter Wesslau, Vattenfall’s UK country manager, said for BBC: “The EOWDC is […]

  • 4 February 2013
    Business & Finance

    HEAG Holding AG intends to sell a part of its stake in HEAG Suedhessische Energie AG (HSE), which would reduce its ownership from 93% to 60% in the utility that has a 25% stake in the Global Tech I offshore wind project, according to Bloomberg. The company could sell its planned percentage to local municipalities, […]

  • 19 May 2020
    Business & Finance

    New York-based Stonepeak Infrastructure Partners has entered a USD 145 million mezzanine debt agreement with AMP Capital to support the acquisition of Swancor Renewable Energy and the construction of the Formosa 2 offshore wind farm in Taiwan. “The transaction represents our first infrastructure debt investment in Taiwan– it’s a key milestone for our business and […]

  • 19 September 2019
    Business & Finance

    E.ON has closed the purchase of a 76.8% stake in innogy from RWE, shortly after the European Commission approved the transaction. E.ON and RWE have been engaged in an asset swap since March 2018 in which E.ON takes over the 76.8% stake in innogy, while RWE obtains, among other things, all E.ON’s major renewable energy activities and […]

  • 1 April 2015

    GS Infrastructure Partners (“GSIP”) and Infracapital announce the signing of an agreement for the sale of their combined 33.33% stake in Associated British Ports (“ABP”). A consortium comprising Canada Pension Plan Investment Board (“CPPIB”) and Hermes Infrastructure has agreed to acquire a stake in ABP from GSIP and Infracapital of at least 30%, and may acquire a further […]

  • 2 September 2016
    Business & Finance

    French nuclear and renewable energy company Areva has turned down a non-binding offer made by General Electric (GE) for the offshore wind turbine maker Adwen, a 50 -50 joint venture between Areva and Spain’s Gamesa, Reuters reports. GE is said to be interested in some of Adwen’s technology and its French order book, but the company […]

  • 26 April 2018
    Business & Finance

    Van Oord has sold its 10% stake in the 600MW Gemini offshore wind farm to the ALTE LEIPZIGER-HALLESCHE insurance group.

  • 23 April 2012
    Business & Finance

    Dong Energy is planning to sell stakes in its offshore wind farms, as it plans to invest 10 billion kroner (USD 1.8 billion) a year in offshore wind, reports Bloomberg. Deputy Chief Executive Officer Morten Buchgreitz said: “You haven’t seen the last sale from Dong Energy of stakes in a wind farm.” “We have an […]

  • 28 April 2017
    Business & Finance, Contracts & Tenders, Wind Farm Update

    The winners of the tender to build the Hibikinada nearshore wind farm off Kitakyushu, Japan, have established a special purpose company (SPC) – Hibiki Wind Energy.

  • 15 December 2017
    Business & Finance

    UK fund manager Equitix will buy Statkraft’s 40% stake in the 316.8MW Sheringham Shoal offshore wind farm for GBP 558 million, with the transaction expected to be completed by the end of December.