Business & Finance
EIB Approves EUR 57 Million for Burbo Bank Extension Link
On 31 January, the Board of Directors of the European Investment Bank (EIB) approved more than EUR 7.8 billion of new financing which, inter alia, includes EUR 57 million (GBP 50 million) for the offshore transmission network of the Burbo Bank Extension offshore wind farm in the UK.
DONG Targets 12GW of Installed Offshore Wind by 2025
DONG Energy yesterday revealed its ambition to increase the installed offshore wind capacity to 11-12GW at the end of 2025.
German TSOs Table Network Expansion Plans
German transmission system operators 50Hertz, Amprion, TenneT and TransnetBW have submitted the first drafts of the onshore and offshore network expansion plans (NEP and O-NEP) covering the period up to 2035 to the Federal Network Agency (BNetzA).
Maryland Lawmakers Override Clean Energy Jobs Act Veto
The Maryland State Senate, in conjunction with the House of Delegates earlier this week, voted to override Governor Larry Hogan’s veto of the Clean Energy Jobs Act. The bill, which was vetoed last May, will increase and accelerate the state’s Renewable Portfolio Standard (RPS) requirement from 20 pe
Bergen Group and AAK Energy Services Set Sights on Offshore Wind
Norway’s Bergen Group has entered into a strategic cooperation with compatriot rope access specialist AAK Energy Services AS as the company plans to increase focus on new areas such as offshore wind farms.
Atlas Professionals Joining Wikinger Team
Spanish energy company Iberdrola and specialist recruiter Atlas Professionals have signed a frame agreement for the provision of personnel to complement the existing team working on the 350MW Wikinger offshore wind farm project in the German part of the Baltic Sea. Atlas’ offshore wind team will be
NEI to Sell 6.3% Stake in DONG Energy
New Energy Investment S.à.r.l. (NEI) has launched an accelerated bookbuild offering of 26,500,000 of existing shares in DONG Energy to institutional investors, equivalent to 6.3% of the outstanding shares and voting rights in the Danish company.
Wind Industry’s Drone Demand Brings Growth to Cyberhawk
Cyberhawk Innovations, an aerial inspection and survey company using drones for wind turbine inspection, has reported a strong growth of its wind division in 2016, due to increased demand from domestic and international markets.
DONG Energy: No Oil, No Gas, No Coal
DONG Energy has decided to entirely phase out the use of coal as fuel at its power stations by 2023. Since 2006, DONG Energy has reduced its coal consumption by 73% and will replace it at the power stations with sustainable biomass to achieve the zero point.
DONG Energy Reports 1120% Increase in Net Profit
DONG Energy left 2016 with a net profit of DKK 12.2 billion (approx. EUR 1.6 billion) – DKK 11.2 billion (EUR 1.5 billion) higher than in 2015, when the company reported a net profit of DKK 1 billion (EUR 134 million).
Icebreaker Windpower Applies for Construction Permit
Icebreaker Windpower Inc. has filed an application for a certificate to construct the 20.7MW Icebreaker offshore wind farm in Lake Erie with the Ohio Power Siting Board (OPSB).
European RE Industry Calls For Clarity on Post-2020 Energy Policy
European renewable energy industry and investors need clarity on volumes and regulatory frameworks in the years after 2020 to be able to continue investing, according to WindEurope. Without the clearly set targets and regulations for the period after 2020, financing and deployment of new projects in
InnoEnergy Opens 2017 Investment Round
InnoEnergy today launched its 2017 Investment Round to support innovative sustainable energy technology.
Nordex Buys Danish Rotor Blade Mould Maker
Hamburg-based wind turbine supplier Nordex Group is acquiring Danish developer and manufacturer of rotor blade moulds, SSP Technology A/S. SSP Technology is also the holder of numerous patents for the production processes for this component, the Nordex Group said The acquisition includes IP rights,