Business & Finance
FPP Raising EUR 10 Million to Advance Its Hybrid Wind-Wave Technology
Danish company Floating Power Plant (FPP) has embarked on a EUR 10 million capital raise, supported by the company Johnston Carmichael.
GIB Offshore Wind Fund Breezes Past GBP 1 Billion Mark with Lincs Buy
The Green Investment Bank (GIB) Offshore Wind Fund has passed its initial GBP 1 billion target with its sixth UK asset acquisition, a 44% stake in the 270MW Lincs offshore wind farm. With the latest investment, the fund has GBP 1.12 billion worth of assets under management. The total capacity of the
DONG Energy and GIB Hammer Out Lincs O&M Contract
DONG Energy has agreed to enter into a long-term contract to provide operation and maintenance (O&M) services to the Lincs offshore wind farm located off the coast of North East Lincolnshire, UK. The new O&M contract for the wind farm follows the news that Centrica and Siemens Project Ventures agree
Green Investment Bank Buys 75% Stake in Lincs Offshore Wind Farm as Centrica Bows Out
Centrica and Siemens Project Ventures have announced the sale of their combined 75% stake in the 270MW Lincs offshore wind farm to UK Green Investment Bank Financial Services managed entities and the UK Green Investment Bank plc. The remaining stakeholder, DONG Energy, will keep its ownership share
Bladt and Blue Water Shipping Go Exclusive at Lindø
Danish offshore steel structures manufacturer Bladt Industries has signed a five-year contract with compatriot Blue Water Shipping for all internal heavy load transports at Bladt’s Lindø facilities. “We will handle the internal transports for Bladt by SPMT and flatbed truck. The cargo consists of di
Innovate UK to Launch New GBP 15 Million Innovation Competition
Innovate UK will launch a new innovation competition that will also allow entries from offshore wind on 16 January. UK businesses can apply for a share of up to GBP 15 million to develop innovative solutions to challenges in infrastructure systems. There are 4 priority areas: ‘smart’ infrastructure
BVGA, UHI Launch Offshore Wind Economic Impact Assessment Tool
BVG Associates (BVGA) and the Economic Intelligence Unit at the University of the Highlands and Islands (UHI) have developed a benchmark standard in measuring local and national value added from offshore wind developments. Offshore wind is a maturing industry that is becoming truly global, BVGA said
Eneco Splits Green Energy and Network Business Operations
Dutch energy company Eneco Holding NV is dividing its business operations between two separate, independent companies. As of 1 February 2017, Eneco Holding NV will be unbundled into the sustainable energy company Eneco Group, and the network company Stedin Group, each with its own supervisory board
Offshore Wind Investments Reach Record USD 30 Billion in 2016
Offshore wind was the brightest spot in the global clean energy investment picture in 2016 with capital spending commitments to this technology hitting USD 29.9 billion, according to the latest figures from Bloomberg New Energy Finance (BNEF). The industry saw a 40% increase in investment in 2016 co
Atlantis Energy Eyes Floating Wind, Subsea Interconnectors
Tidal energy specialist Atlantis Resources is establishing a new internal division which will focus on opportunities to develop, among others, subsea interconnectors and floating wind projects for those looking to invest in renewable and grid related projects. The new division is part of the company
Vattenfall Buys 584MW Offshore Wind Project in German North Sea
Swedish utility Vattenfall has bought the 584MW Atlantis I offshore wind project in the German North Sea from PNE Wind AG. The Atlantis I project will be handed over to Vattenfall upon closing of the sale and purchase agreement, which is still subject to various closing conditions. PNE Wind sold the
Kishorn Port Revamping Its Dry Dock
Kishorn Port Ltd, a joint venture that is seeking to resurrect the redundant oil fabrication yard at Kishorn on the west coast of Scotland, has commenced the first phase of re-instating the dry dock on the site, in which it will invest GBP 500,000. Engineering company Harris Pye began working on ref
Roxtec Seals Dudgeon Deal
Roxtec has secured a contract to deliver its safety seal solutions for the 402MW Dudgeon offshore wind farm project. Roxtec UK managing director Graham O’Hare said the firm will deliver cable transit systems to safeguard workers, structures and equipment on the wind farm’s substation platform. The d
DCNS Energies Enters MRE Market
French energy specialist DCNS and a fund managed by Bpifrance have formed DCNS Energies, a turnkey constructor of marine renewable energy (MRE) plants for the French and export markets. DCNS Energies, majority owned by DCNS and 36% by the SPI fund (“Société de Projets Industriels” / Industrial Proje