Business & Finance
Mitsubishi Electric to Build HVDC Verification Facility in Amagasaki
Tokyo-based Mitsubishi Electric Corporation plans to enter the global market for voltage-sourced converters (VSC) based high-voltage direct current (HVDC) systems with a new HVDC verification facility to be built at its Transmission and Distribution Center in Amagasaki, Japan, by 2018. The company s
First U.S. Offshore Wind Farm Attracts Big League Investors
GE Energy Financial Services, a GE unit, and Citi, a multinational investment banking and financial services corporation, have announced the closing of tax equity financing on Deepwater Wind’s Block Island Wind Farm, the first offshore wind farm in the United States. ”An innovative project takes tho
GE to Buy LM Wind Power for EUR 1.5 Billion
General Electric (GE) has agreed to buy LM Wind Power Holding A/S, a Denmark-based designer and manufacturer of wind turbine blades, for an enterprise value of EUR 1.5 billion. The deal in-sources wind turbine blade design and manufacturing for GE’s Renewable Energy business, improving its ability t
Wind to Meet 5% of Global Power Demand by Year-End
The total installed wind capacity is expected to reach 500 GW by the end of 2016 and cover 5% of global power supply, according to the World Wind Energy Association (WWEA). The worldwide wind capacity reached 456,486 MW by the end of June 2016, out of which 21,714 MW were added in the first six mont
TenneT Issues EUR 500 Million Green Bond
Transmission systems operator TenneT Holding B.V. has issued a new, EUR 500 million Green Bond, bringing its total long-term debt in green format to EUR 3 billion. TenneT launched and priced the 17-year Green Bond issue with a coupon of 1.25% with the support of three banks, Lloyds Bank, Rabobank an
DONG Energy’s UK East Coast Community Fund Benefit Area Mapped Out
UK community fund administrator GrantScape has, on behalf of DONG Energy, issued a preliminary map showing which coastal communities in Yorkshire, Lincolnshire and North Norfolk Coast stand to benefit from the GBP 9.3 million East Coast Community Fund. The East Coast Community Fund is being set up t
BNEF: Q3 Clean Energy Investments Plunge as Offshore Wind Investors Take the Summer Off
Global clean energy investment had its weakest quarter since 2013 between July and September this year, under the impact of a summer lull in offshore wind financings in Europe and a further stage in the slowdown seen this year in project funding in China and Japan, according to Bloomberg New Energy
DNV GL and Partners Tackle Outdated Turbulence Models
DNV GL has, together with global partners, launched a Joint Industry Project (JIP) aimed at creating a better understanding of turbulence modelling to reduce uncertainty in the design of wind farms. The JIP “Validation of Turbulence Models” will focus on developing a new Best Practice for the valida
Has Cape Wind Lost the Battle of Nantucket Sound?
Cape Wind Associates has dismissed its appeal against a decision by the Massachusetts Energy Facilities Siting Board to deny the company a two-year extension on permits for two subsea cables that would connect a 468MW offshore wind farm in Nantucket Sound to the mainland, according to local media. C
Natural Power Names First International Director
UK renewable energy and infrastructure consultancy, Natural Power, has appointed Pieter D’haen to the newly created role of International Director. D’haen joins Natural Power from Rame Energy plc, where he held the role of Chief Operating Officer, and prior to that as Technical Director at Seawind I
Top News of the Week, 03 – 09 October 2016
26 Bidders Apply for Borssele III & IV The Netherlands Enterprise Agency (RVO.nl) has received 26 applications for Borssele III and IV offshore wind sites, the governmental body reported after the tender closed on 29 September. Video: Rotterdam Ready for Offshore Wind with Sif Group Dutch manufactur
SCORE Programme to Announce First Grant Awards
OrbisEnergy will soon announce the first awardees of the GBP 6 million SCORE fund, launched by OrbisEnergy in July, dedicated to companies developing innovations for offshore renewables. Johnathan Reynolds, of Nautilus Associates, said: “We have had far more early applications in this programme than
EWE Trading to Market Merkur’s Power
Merkur Offshore GmbH has awarded EWE Trading, part of the Oldenburg-based energy provider EWE, with a contract to market the electricity produced by the 396MW Merkur offshore wind farm in the German part of the North Sea. The contract was signed during the WindEnergy Hamburg 2016 exhibition. Merkur
Innogy Hits the Market with Largest IPO in Germany in Last 16 Years
RWE’s recently set up daughter company innogy today entered the Frankfurt Stock Exchange as the largest IPO in Germany in the last 16 years with the placement price set at EUR 36 per innogy SE share at the top end of the price range. A total of approximately 555.6 million shares were put to the trad