Business & Finance
Highlights of the Month: July 2016
DONG Energy Winner of Dutch Borssele I & II Tender DONG Energy will build Dutch offshore wind farms Borssele I and II. Borssele 1&2 World’s Cheapest Offshore Wind Farm The cost of building and operating the 700MW Borssele 1 and 2 offshore wind farm is expected to be EUR 2.7 billion cheaper than prev
Massachusetts Settles on 1600MW Offshore Wind Target by 2027
The Massachusetts State Legislature on 1 August voted on and passed an energy bill which includes a requirement that utilities enter into long-term contract for 1,600MW of offshore wind power not later than 30 June, 2027. The Bill H.4568, An Act to Promote Energy Diversity will now go to the Governo
BOEM Extends Comment Period on Oahu Offshore Wind Plans
The US Bureau of Ocean Energy Management (BOEM) has extended the comment period on the notice of intent to prepare an environmental assessment for wind leasing and site assessment activities on the Outer Continental Shelf (OCS) offshore the island of Oahu, Hawaii. The comment deadline, originally se
Top News of the Week, 25 – 31 July
Van Oord to Buy Bilfinger’s Offshore Wind Unit Van Oord has reached an agreement on the acquisition of the offshore wind activities of Bilfinger Marine & Offshore Systems GmbH, a German company active in the engineering, construction and installation of foundations for offshore wind farms. France Ap
Sumitomo Invests in Galloper Offshore Wind Farm
Tokyo-headquartered Sumitomo Corporation has signed a contract to invest alongside Macquarie Capital in the 336MW Galloper offshore wind farm. Sumitomo will indirectly take a 12.5% stake in the project with the transaction due to complete in the coming months. The equity sponsors of Galloper, RWE In
ORE Catapult Cloning Levenmouth Turbine
The Offshore Renewable Energy (ORE) Catapult is creating a digital ‘Clone of the Levenmouth Turbine’ (CLOWT) which will use sensor instrumentation to determine how large megawatt turbines behave and identify cost reduction opportunities through design optimisation. The GBP 450,000 project, with GBP
DONG and Matchtech Form Recruiting Partnership
DONG Energy Wind Power and the UK-based recruiter Machtech have signed a 60 month framework agreement for the provision of temporary staff to DONG Energy’s Danish locations. The contract is set to start on 1 August 2016 and will run through to August 2021. Matchtech has been selected following a ten
SgurrEnergy Lands Inch Cape Met Mast O&M Contract
Renewable energy consultancy SgurrEnergy has secured an operations and maintenance (O&M) contract for the Inch Cape Offshore Met Mast off the coast of Angus, Scotland. The scope of the 16 month contract includes offshore inspection and maintenance, recertification, project management, weather foreca
EnBW Baltic 2 Delivers Again
German energy company EnBW Energie Baden-Württemberg AG reported an adjusted EBIDTA (Earnings Before Interest, Taxes, Depreciation and Amortization) of EUR 153.1 million in its Renewable Energies segment, a 75% jump compared to the first half of 2015. Accordingly, the share of the EBITDA for the com
UK Wind Shines as Renewables Beat Coal in 2015
Around 12.5% of electricity generated in the UK in 2015 came from wind, according to the latest annual energy statistics issued today by the UK government. The contribution of offshore wind grew by 30% in 2015, while onshore wind grew by 23%. Total wind generation in 2015 increased by 26% compared t
Sif and BOW Terminal Extend Cooperation to Maasvlakte 2
SIF Group and BOW Terminal Vlissingen have signed an agreement to renew their cooperation which will now cover Sif Group’s new terminal at Maasvlakte 2 in the Port of Rotterdam. The new agreement includes work on the coordination and implementation of both horizontal and vertical transport for all S
Van Oord to Buy Bilfinger’s Offshore Wind Unit
Van Oord has reached an agreement on the acquisition of the offshore wind activities of Bilfinger Marine & Offshore Systems GmbH, a German company active in the engineering, construction and installation of foundations for offshore wind farms. The agreement covers the acquisition of assets and emplo
Centrica Prepping Sale of Last Wind Asset
Centrica is currently developing plans to dispose of its 50% interest in the 270MW Lincs offshore wind farm, after which the British utility will complete the strategy to dispose of its interests in wind power. The wind farm’s remaining share is held by DONG Energy (25%) and Siemens Project Ventures
Polish Eco Watchdog Okays 120-Turbine Offshore Wind Project
Regional Director for Environmental Protection in Gdansk has signed an environmental permit for the 120-turbine Baltyk Srodkowy III (Baltic Middle III) offshore wind farm project, the country’s General Directorate for Environmental Protection reported. The aim of the investment is the construction a