Business & Finance
EIB Backs Humber Gateway Offshore Transmission Purchase with GBP 82 Million
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
Balfour Beatty, Equitix Buy Humber Gateway Transmission Assets for GBP 163 Million
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
UK Govt to Extend CfD Delivery Years
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
DONG, Deepwater, OffshoreMW to Use New Bedford Marine Commerce Terminal
DONG Energy, Deepwater Wind and OffshoreMW have signed a Letter of Intent with the state of Massachusetts to lease the New Bedford Marine Commerce Terminal as a staging and deployment location for future offshore wind projects.
ERSG Setting Its US Offshore Wind Recruitment Stage
ERSG, a European recruitment specialist for the energy sector, including wind energy, has opened a new office in Seattle, USA. The Seattle office will initially focus on providing wind professionals across several states, supporting pre-existing multi-national clients within the onshore wind sector,
JDR: 66 kV Inter-Array Cable Allows OW Industry to Grow
High-voltage inter-array cables such as the new 66 (72.5) kV cable recently introduced by the UK-based JDR Cables in Hartlepool will have a key role in helping the offshore wind industry move towards increased power transmission between high-power large turbines, James Young, JDR’s Chief Technical O
Wind Brings In 130 New Jobs at Vattenfall
In total, 130 jobs are to be filled within the next twelve months in Vattenfall’s Business Area Wind, as the company is investing EUR 5 billion in the expansion of wind and other renewable energy production. Offshore wind projects like Sandbank wind farm in Germany, Aberdeen wind farm in the UK or H
JFMS, OMS to Jointly Provide Offshore Wind Oil Management Services
James Fisher Marine Services (JFMS) and Oil Management and Services GmbH (OMS) have signed an exclusive cooperation agreement to jointly deliver full oil lifecycle services, including gearbox and hydraulic oil change, to the European offshore renewables industry. Bruno Martinsen, owner of OMS, said:
WFW Advises CIP on OffshoreMW Acquisition
International law firm Watson Farley & Williams (WFW) advised Copenhagen Infrastructure Partners (CIP) on the acquisition of 100% of OffshoreMW, which holds a 675km² offshore wind energy lease off the coast of Massachusetts. Outside the US, CIP already owns stakes in two offshore wind farms – the 58
WindEurope CEO: The Future of Oil and Gas Sectors Is in Offshore Wind
Companies across the oil and gas value chain stand to benefit significantly from the further development of offshore wind industry, WindEurope CEO Giles Dickson said in his speech at the annual Offshore Northern Seas (ONS) event in Stavanger, Norway. In his speech, Dickson described how some oil and
Report: GE Makes an Offer Areva Can Refuse
French nuclear and renewable energy company Areva has turned down a non-binding offer made by General Electric (GE) for the offshore wind turbine maker Adwen, a 50 -50 joint venture between Areva and Spain’s Gamesa, Reuters reports. GE is said to be interested in some of Adwen’s technology and its F
ALL NRG Stands United
Denmark’s ALL NRG has merged all of its units and is heading into the future as a united service provider for onshore and offshore energy industries. “ALL NRG enters the market as one of the largest service partners to the energy industry onshore and offshore – and combines more than 85 years of exp
Offshore Project Support All-Rounder Formed in Den Helder
Den Helder Support Service (DHSS), Den Helder Aircraft Systems (DHAS), Glomar Offshore and GEOxyz have formed a joint venture – Offshore Project Support (OPS) – to provide a complete package of specialized services above and below water in the offshore energy industry. The joint venture, called OPS,
EEX: German Wind Power Futures Coming in October
The European Energy Exchange (EEX) will start trading in the new Wind Power Futures product from 4 October 2016 onwards, allowing trading participants on the EEX Derivatives Market to hedge against volume risks in the generation of wind power within the German and Austrian market area. The Wind Powe