Business & Finance
Ramboll Wins Elia’s Offshore SwitchYard Platform Design Contract
Ramboll Danmark A/S has won a contract to provide a detailed design of the Offshore SwitchYard (OSY) platform for the Modular Offshore Grid project being developed by Belgian transmission system operator Elia. The OSY platform will be situated up to 45 kilometres off Belgian North Sea coast, in wate
SeaTwirl Shares Hit Nasdaq Trading Floor
Nasdaq has announced that the trading in SeaTwirl AB’s shares (STW) commenced today, 22 December, on Nasdaq First North in Stockholm. Founded in 2012, SeaTwirl is a company developing a floating offshore wind turbine customized for the ocean. By using a vertical axis wind turbine, SeaTwirl’s technol
Royal HaskoningDHV Nets East Anglia Environmental Impact Assessment Contract
ScottishPower Renewables has awarded the Peterborough-based Royal HaskoningDHV with an GBP 8 million contract to carry out environmental assessments for East Anglia ONE North and East Anglia TWO offshore wind farm projects. The contract is said to be one of the largest of its kind in the offshore wi
Swedish Offshore Wind Project Dead in the Water
The Government of Sweden has decided not to issue a permit to Blekinge Offshore AB for the construction of an offshore wind farm in Hanöbukten. The government ruled that the wind farm is proposed to be built in a strategically important practice area for the country’s Armed Forces. Blekinge Offshore
PGGM, Ampere Refinance Walney OWF Debt
Facilities put in place by Dutch pension fund PGGM and Ampere Equity Fund for the Walney offshore wind farm in 2012, which enabled the two investors to own 24.8% stake in the project through their investment vehicle OWP, have been refinanced with the transaction closing on 15 December. In 2012, when
Race Bank Farm-Down Lifts DONG’s 2016 Guidance
Denmark’s DONG Energy has increased its group operating profit (EBITDA) guidance for 2016 to DKK 24-25 billion from a previous range of DKK 20-23 billion. The company’s Wind Power division is now expected to report EBITDA towards the high end of the DKK 10-12 billion range. DONG has also specified i
Southern Denmark Backs Offshoreenergy.dk with EUR 3.1 Million
The Region of Southern Denmark has granted a subsidy of DKK 23 million (approx. EUR 3.1 million) to Offshoreenergy.dk for the period 2017-2019 to further drive development in the offshore industry and activities in the offshore sector. The grant will cover the following new cluster activities in the
DONG and Macquarie Go Halfsies on Race Bank
DONG Energy has entered into an agreement to sell 50% of Race Bank, a 573 megawatt (MW) UK offshore wind farm project, to Macquarie European Infrastructure Fund 5 and Macquarie Capital, the principal investment arm of Macquarie Group – with equal interests. As part of the transaction, DONG and Macqu
Taipower Plans 1,010MW of Offshore Wind in Changhua County
Taiwan Power Co. (Taipower) and Changhua County Government yesterday signed a Memorandum of Understanding (MOU) for the development of a series of renewable energy projects in the county, including offshore wind. The state-owned utility plans to invest around USD 6.25 billion in the construction of
New York Rallies Behind Deepwater ONE Offshore Wind Farm
New York labor unions, civic and environmental organizations and elected officials hosted a rally outside of Long Island Power Authority (LIPA) to show their support for what is to be the nation’s largest offshore wind farm ahead of LIPA’s expected vote to approve the project. Located off the east e
Burbo Bank Extension Gives Back to Liverpool Bay Communities
Sixteen local organisations around Liverpool Bay have been awarded grants totalling GBP 112,500 as part of DONG Energy’s Burbo Bank Extension Community Fund. Each year, approximately GBP 225,000 will be made available for community projects for the expected 25 year lifetime of the Burbo Bank Extensi
Fraunhofer IWES Secures Funds for Offshore Wind Turbine Test Field
German Federal Ministry for Economic Affairs and Energy (BMWi) has awarded Fraunhofer IWES with an EUR 18.5 million grant for the development of an offshore wind turbine test field in Bremerhaven. The test field is set to start operating in early 2017, the German research institute said, with constr
Imenco Enters Offshore Wind Market, Launches New Business Unit
Imenco AS has launched a new division – Imenco Corrosion Technology – which will provide anode systems to the offshore renewable energy sector and to late life assets in the oil and gas industry. After more than a decade of working in Norwegian oil and gas sector, where Imenco’s corrosion protection
DONG Orders Granada Cranes for Hornsea One
Rochdale-based Granada Material Handling Limited (Granada) is the latest UK firm to sign a contract with DONG Energy for the world’s biggest wind farm, the 1.2GW Hornsea Project One located some 120 kilometres off Yorkshire. Each of the Siemens 7MW turbines will require a davit crane and Granada wil