Following the approval from all relevant authorities, MHI Vestas Offshore Wind has been formally established as of 1 April 2014. The joint venture is responsible for the design, further development, procurement, manufacturing, installation, commissioning and service related to the V164-8.0 MW turbin
Slaughter and May advised DONG Energy on its proposed disposal of a 50% interest in the 210MW Westermost Rough offshore wind farm to a joint venture established between Marubeni Corporation and UK Green Investment Bank plc. The law firm also advised the energy company on the terms of certain related
All-Energy Canada Conference & Exhibition (AEC) is the third in the All-Energy series, preceded by conferences in the UK and Australia. AEC focuses on fostering international business relationships, financing and managing risk and powering prosperity for companies now and into the future. The confer
Vestas signed and completed a new five-year revolving credit facility on 31 March 2014 at a total amount of EUR 1bn. The facility has been successfully increased from the originally agreed total of EUR 850m and is now arranged by a group of six banks comprising of Nordea, DNB, HSBC, SEB, Société Gén
Navitus Bay Development Ltd (NBDL) yesterday officially entered into ‘memoranda of understanding’ (MOU) with three local ports – Poole, Yarmouth and Portland. These formal agreements commit the developer to undertaking studies with the ports that will explore how their facilities could be best used
The Crown Estate has welcomed announcement by the UK Green Investment Bank (GIB) to commit £461 million into two of the country’s largest offshore wind projects. The government-backed bank announced that it is to take equity stakes in both the Westermost Rough offshore wind farm off the coast of Yor
Belfast Waterfront recently hosted RenewableUK’s 11th Annual Wave and Tidal Conference and Exhibition, the largest event of its kind not only in the UK, but throughout the world, for the first time in Northern Ireland. Hailed as being at the forefront of developing energy generation from the tides,
The high voltage supply for LORC Nacelle Testing is being prepared with the construction of a new local substation ensuring a 33 kV supply for the offshore wind turbine test centre. Also, the high voltage supply cables have been installed at both ends and the remaining installation in the utility ar
WWF-UK has commented on the news that the Green Investment Bank is to invest £461m in construction stage projects in the UK offshore wind sector. Nick Molho, head of climate and energy policy at WWF-UK, said: “The Green Investment Bank’s decision to invest in two offshore wind projects and support t
ESG Edelstahl und Umwelttechnik Stralsund GmbH will begin the construction of a transport structure intended for rotor blades of offshore wind turbines for EnBW Baltic 2 GmbH in April 2014. Specialist company ESG will build the so-called “Blade Rack System” at the Volkswerft shipyard in Stralsund wi
Ellis has designed an entirely new product in response to a cabling requirement from one of the biggest names in global business, Siemens. Triton is a two-in-one cable guide and clamp that was developed by Ellis following a call to assist in the installation, and subsequent restraining, of seven lar
RWE Innogy has today agreed terms for the sale of a 10% share in its Gwynt-y-Mor offshore wind farm with the UK Green Investment Bank. RWE Innogy will generate £220m of new capital as a result of the sale, which will be reinvested into other renewable energy projects within its extensive portfolio.
Maf Smith of RenewableUK backed the offshore wind investment announcements made today by the Green Investment Bank. The announcements stated the Green Investment Bank was investing jointly with the Marubeni Corporation to purchase a 50% share in Dong Energy’s Westermost Rough wind farm, which is bei
Ignacio Galán, the Chairman of Iberdrola and ScottishPower, has called for a pan-European energy regulator to be established to create an environment that can attract the major investment needed to deliver energy supply security and cut carbon emissions. Speaking at Iberdrola’s annual general meetin
