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Business & Finance

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Wind Farm Update
SSE Calls On UK to Go Faster and Harder on Wind Energy
Business & Finance

SSE Calls On UK to Go Faster and Harder on Wind Energy

The next UK government should go faster and harder on offshore and onshore wind in a bid to reach the net zero targets by 2050, according to SSE Chief Executive Alistair Phillips-Davies. In its interim results, SSE called on political leaders to put renewable power “front and center” of the plans to

about 6 years ago
E.ON and RWE Sign Wind Energy PPA in UK
Business & Finance

E.ON and RWE Sign Wind Energy PPA in UK

E.ON and RWE Renewables have signed a power purchase agreement (PPA) for more than 20 offshore and onshore wind farms in the UK. Under the 2.5-year agreement, E.ON buys around 3TWh of power annually from wind farms in the UK which are operated by RWE. The deal covers a capacity of 892MW of wind gene

about 6 years ago
InfraStrata Collecting GBP 6 Million for Harland & Wolff Buy
Business & Finance

InfraStrata Collecting GBP 6 Million for Harland & Wolff Buy

The UK-based InfraStrata has opened a share sale to raise a minimum of GBP 6 million to finalize the purchase of Harland and Wolff from administrator BDO NI. InfraStrata revealed it is seeking to raise the amount through a placing of new Ordinary Shares by way of an accelerated bookbuild at 0.3 penc

about 6 years ago
Welcon Brings SOT’s Tetra Foundation to Asia
Business & Finance

Welcon Brings SOT’s Tetra Foundation to Asia

Welcon A/S and HighTek-Century have signed a Memorandum of Understanding (MoU) for the construction of a turbine tower factory in Taiwan. The factory will manufacture wind turbine towers, including Stiesdal Offshore Technologies’ (SOT) Tetra foundation concept for the Taiwanese and Asian markets. Ac

about 6 years ago
All Hohe See Turbines Producing Power
Business & Finance

All Hohe See Turbines Producing Power

The Hohe See offshore wind project commenced operations in October with turbines connected and feeding electricity into the grid, according to Enbridge. Enbridge has reported in its Q3 2019 financial results that the 497MW wind farm is expected to be fully operational in the fourth quarter of 2019.

about 6 years ago
EnBW’s Renewables Earnings Rise in 2019
Business & Finance

EnBW’s Renewables Earnings Rise in 2019

EnBW reported an operating result of EUR 298.6 million in the Renewable Energies division in the first nine months of 2019, a 38.5% growth compared to the year before. According to EnBW, the increase is due to the overall improvement in wind conditions at offshore and onshore wind farms in Germany,

about 6 years ago
Deutsche Bucht Completion to Potentially Extend Into 2020
Business & Finance

Deutsche Bucht Completion to Potentially Extend Into 2020

The completion of the Deutsche Bucht offshore wind farm may extend into the first quarter of 2020 due to delays in the manufacturing of mono bucket foundations, Northland Power stated in its financial results. According to Northland Power, the installation of the two turbines using mono bucket found

about 6 years ago
Ørsted’s East Coast Community Fund Achieves Milestone Round
Business & Finance

Ørsted’s East Coast Community Fund Achieves Milestone Round

Ørsted has allocated grants from the sixth round of its East Coast Community Fund, marking a milestone with the total funds awarded exceeding the million pound mark. The East Coast Community Fund was launched in December 2016 as part of Ørsted’s community engagement program for its Hornsea Project O

about 6 years ago
Ørsted and Eversource Reveal USD 100 Million Constitution Wind Commitment
Business & Finance

Ørsted and Eversource Reveal USD 100 Million Constitution Wind Commitment

Ørsted and Eversource are planning to make more than USD 100 million in direct financial commitments in Connecticut if their Constitution Wind project is selected in the state’s Request for Proposals (RFP) for offshore wind generation. According to the developers, Constitution Wind’s economic develo

about 6 years ago
GE Officially Inaugurates Cherbourg Blade Factory
Business & Finance

GE Officially Inaugurates Cherbourg Blade Factory

GE Renewable Energy has officially inaugurated the LM Wind Power blade factory in Cherbourg, France. The facility will provide the manufacture of the 107m long blades for the Haliade-X 12MW offshore wind turbine, as well as other blade models. According to GE, production started in early 2019 and fi

about 6 years ago
Northwester 2 Turbines to Feature 27-Year Maintenance-Free Fasteners
Business & Finance

Northwester 2 Turbines to Feature 27-Year Maintenance-Free Fasteners

Northwester 2 turbines will be secured to their foundations with super duplex fasteners designed to be maintenance-free throughout the 27-year turbine design life. The stainless studs, nuts and washers for the 219MW Belgian offshore wind farm have been delivered to Bladt Industries by Swedish manufa

about 6 years ago
ORE Catapult Plans Operations Base in Grimsby
Business & Finance

ORE Catapult Plans Operations Base in Grimsby

The Offshore Renewable Energy (ORE) Catapult has revealed plans to open a base of operations in Grimsby which would service the offshore wind sector. The announcement is part of ORE Catapult’s expansion plans in the Humber, which would create 50 to 70 jobs in the region in the next 10 years. With a

about 6 years ago
UK Export Finance Supports Formosa 2 with GBP 230 Million
Business & Finance

UK Export Finance Supports Formosa 2 with GBP 230 Million

UK Export Finance (UKEF) has provided an NT$ 9.2 billion (GBP 230 million) project finance guarantee to support the construction of the Formosa 2 offshore wind farm in Taiwan. As a result of the support, UK companies will be involved in the construction of the 376MW wind farm, helping unlock the exp

about 6 years ago
Shell Buys EOLFI
Business & Finance

Shell Buys EOLFI

Shell has signed an agreement to acquire French floating offshore wind developer EOLFI. The acquisition, subject to regulatory and ministerial approvals, is expected to be completed in December, after which EOLFI will be a wholly-owned subsidiary of Shell and will be fully integrated. Shell said it

about 6 years ago
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