A&P Group yesterday stated the offshore wind sector is “ripe for growth”, as the company reported a steady 2016 and said it is on track to achieve its projected turnover of GBP 90 million for this financial year. Andy Shaw, Group Managing Director for A&P Group said: “This sector is certainly ripe w
Ofgem today announced a shortlist of five bidders competing to own and run the GBP 230 million transmission link to the Burbo Bank Extension offshore wind farm, situated in the Bay of Liverpool. The bidders will now go through to the final stage of the tender where Ofgem will appoint the Offshore Tr
Areva is set to sell its stake in Adwen to Siemens and Gamesa on Wednesday, Le Figaro reported. The 50% share Areva holds in the offshore wind turbine maker Adwen, a joint venture between Areva and Spain’s Gamesa, will be sold for EUR 60 million, according to the French newspaper. As part of the mer
The former Tyneside shipbuilding and engineering company, Swan Hunter, has informed that it moved into the offshore energy sector and is now providing equipment necessary for subsea operations in both oil and gas and renewable energy sectors. The offshore equipment is specially built for the install
The regional government of Brittany, France, has allocated EUR 85 million for the 24MW pilot floating wind project off the Ile de Groix proposed by Eolfi Offshore France, a joint venture between Eolfi and CGN European Energy Company. The financing package includes a grant of EUR 34 million and a EUR
Royal Dutch Shell is considering bidding at the upcoming Dutch tender for 680MW Borssele III and IV offshore wind sites, according to Reuters. The second Borssele tender will open next week (16 September) and close on 29 September. The oil and gas giant took part in the Borssele I and II tender as p
Norway’s Statkraft is preparing a possible divestment of its shares in the operational Sheringham Shoal offshore wind farm, as well as the Dudgeon and the Dogger Bank projects. The revised strategy follows the announcement in December 2015 that Statkraft would make no new investments in offshore win
Statoil and Statkraft have signed a letter of intent that Statoil takes over as operator of the 317MW Sheringham Shoal offshore wind farm from January 2017. Statoil will also through this deal increase its share in the Dogger Bank projects. Statoil intends to bring its total ownership in the Dogger
Strathclyde Pension Fund (SPF) is investing GBP 80 million in UK Green Investment Bank’s Offshore Wind Fund (GIB OWF) as part of its Direct Investment Portfolio. On 5 September, Strathclyde Pension Fund allocated GBP 30 million to GIB OWF as a follow-on investment to previously approved GBP 50 milli
The government of Denmark will announce the winners of the nearshore wind farm tender on Monday, 12 September, according to the Danish Wind Industry Association (DWIA). The three pre-qualified bidders – Wpd Hofor Danish Offshore Consortium, European Energy Nearshore Consortium and Vattenfall Vindkra
Tekmar Energy Limited (TEL) and Subsea Innovations Limited (SIL) signed a strategic collaborations agreement to collaborate in sales, product development and strategic initiatives towards cost and risk reduction in OWF cabling equipment and O&G SURF and pipeline ancillaries. The two companies signed
The European Investment Bank (EIB) is providing GBP 82 million for the purchase, operation and maintenance of the Humber Gateway offshore transmission system. The 19-year long term EIB loan will be provided to Humber Gateway OFTO Ltd, the consortium behind the transmission link project that comprise
E.ON has signed an agreement for the sale of transmission assets at its Humber Gateway offshore wind farm to a consortium comprising Balfour Beatty Investments and Equitix. The final sale price for the transmission assets is GBP 162.9 million. The annual revenue required to cover the transmission ne
The UK Department for Business, Energy & Industrial Strategy (BEIS) yesterday informed it intends to make the proposed amendment to the Contracts for Difference (CfD) Allocation Regulations set in 2014 to extend the delivery years for projects to 31 March 2026. Under the current regulations, allocat
