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Business & Finance

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Maryland Sets Aside USD 2.8 Million for 2020 Offshore Wind Grants
Business & Finance

Maryland Sets Aside USD 2.8 Million for 2020 Offshore Wind Grants

The Maryland Energy Administration (MEA) is launching two offshore wind grants for the 2020 fiscal year, with combined funds of USD 2.8 million. The Maryland Offshore Wind Capex program, with allotted funds of USD 1.6 million, provides grant funding to help defray capital expenditure investments for

about 7 years ago
DNV GL Takes LiDAR Verification to Asia
Business & Finance

DNV GL Takes LiDAR Verification to Asia

DNV GL has launched its first LiDAR verification site in Asia, located in the Jella Province in South Korea. According to DNV GL, LiDAR verification campaigns for Asian stakeholders previously had to be conducted at oversea sites, while they now have the opportunity to be done locally. “Previously,

about 7 years ago
New Capacity Lifts Vattenfall’s Wind Numbers
Business & Finance

New Capacity Lifts Vattenfall’s Wind Numbers

Swedish energy company Vattenfall has reported an 18.4 percent increase in wind power generation in the first half of 2019 compared to the same period a year earlier, mainly due to the addition of new capacity. During the last twelve months, Vattenfall has commissioned the 97MW Aberdeen Bay (EOWDC)

about 7 years ago
Crown Estate Presents Offshore Wind Leasing Round 4 Tender Design
Business & Finance

Crown Estate Presents Offshore Wind Leasing Round 4 Tender Design

The UK Crown Estate has presented a revised tender design for Offshore Wind Leasing Round 4. Offshore Wind Leasing Round 4, which will make at least 7GW of new seabed rights available to the market, is designed on the basis of a three-stage tender process, involving a pre-qualification stage (PQQ) t

about 7 years ago
PGGM Ups Walney Stake
Business & Finance

PGGM Ups Walney Stake

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

about 7 years ago
Offshore Wind Needs Long-Term Risk Management Strategy – GCube
Business & Finance

Offshore Wind Needs Long-Term Risk Management Strategy – GCube

Offshore wind industry must quickly respond to a changing global risk profile in order to avoid large-scale financial losses, GCube Insurance said. As the offshore wind sector expands globally, prices fall, and technology evolves, asset owners and investors are becoming increasingly exposed to techn

about 7 years ago
Beatrice Completes Refinancing
Business & Finance

Beatrice Completes Refinancing

Beatrice Offshore Windfarm Ltd (BOWL), the owner of the 588MW Beatrice offshore wind farm, has achieved a financial close on a refinancing of its senior debt facilities. The refinancing comprises primarily commercial bank debt and also includes an institutional tranche. Several of the project’s orig

about 7 years ago
Thanet Extension DCO Application Exits Examination Phase
Business & Finance

Thanet Extension DCO Application Exits Examination Phase

The UK Planning Inspectorate has completed the examination of Vattenfall’s application for the Development Consent Order (DCO) for the Thanet Extension offshore wind farm. The Examining Authority informed that the findings, conclusions and recommendations from the examination will be sent to the Sec

about 7 years ago
Hagland Shipbrokers Completes Rebranding
Business & Finance

Hagland Shipbrokers Completes Rebranding

Hagland Shipbrokers, a merger of the Norway-based RG Hagland AS and Denmark’s North Sea Shipbrokers, has completed the rebranding of all offices. After 18 months of cooperation between the offices in Norway and Denmark, the German and UK offices have been incorporated and rebranded to Hagland Shipbr

about 7 years ago
KK Wind Solutions to Get a New Owner
Business & Finance

KK Wind Solutions to Get a New Owner

Danish investment company A.P. Møller Holding A/S has agreed to acquire the compatriot KK Group A/S from SoLix Group AB. KK Group’s main activities are realized through KK Wind Solutions, a supplier of power electronics solutions to OEMs such as SiemensGamesa, Vestas, MHI Vestas, and GE Renewables.

about 7 years ago
ORE Catapult and Tus Expand Partnership in China
Business & Finance

ORE Catapult and Tus Expand Partnership in China

Offshore Renewable Energy (ORE) Catapult and Tus Holdings have signed a Memorandum of Understanding (MoU) with the People’s Government of Qingdao and the Pilot National Laboratory for Marine Science and Technology in China. The MoU comes as part of ORE Catapult and Tus Holdings’ partnership, under w

about 7 years ago
JDR and Taya Group Team Up in Taiwan
Business & Finance

JDR and Taya Group Team Up in Taiwan

UK-based JDR Cables, part of the TFKable Group, signed a Memorandum of Understanding (MOU) with Taiwan’s electric wire and land cable manufacturer Taya Group to jointly develop offshore wind supply chain in Taiwan. The two companies will collaborate on localisation opportunities on future renewable

about 7 years ago
AWEA Adds Regulatory Attorney to Offshore Wind Team
Business & Finance

AWEA Adds Regulatory Attorney to Offshore Wind Team

The American Wind Energy Association (AWEA) has appointed a veteran regulatory attorney to lead policy and regulatory efforts for the offshore wind sector in the U.S. As Senior Director of Offshore Wind Policy and Regulatory Affairs, Laura Smith Morton will lead AWEA efforts in coordination with mem

about 7 years ago
Ørsted Backs EU Energy Master’s Students
Business & Finance

Ørsted Backs EU Energy Master’s Students

Ørsted is giving out scholarships for UK and EU students which are starting an energy master’s program at the Durham University this October. The scholarships are available up to GBP 6,000 and are valid for the MSc Energy and Society and MSc New and Renewable Energy programs at the UK university. Ør

about 7 years ago
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