A large number of international banks and investors have emerged from the financial crisis and are now offering venture capital for green investments such as offshore wind, a healthy and positive sign reflecting a more mature market, but the one that places new demands on early investors, Denmark’s
RWE Innogy UK has invited local Welsh community groups to apply for grants from the Rhyl Flats Offshore Wind Farm Community Fund. The fund has been set up to support community organisations and voluntary groups based in Rhyl and the following wards in Conwy: Pensarn, Colwyn, Eirias, Gele, Glyn, Kinm
Investors who traditionally focus solely on big-ticket mergers and acquisitions are showing interest in offshore wind projects as returns on investments in more conventional infrastructure assets are pushed lower and lower, according to Macquarie. Pension funds, sovereign wealth funds and insurers t
Galloper Wind Farm Limited (GWFL), the developers of the 336MW Galloper offshore wind farm, have teamed up with EDF Energy’s Sizewell B nuclear power station to launch a new community fund in Suffolk. The Leiston and Sizewell Community Fund will be distributed over a seven year period. Over GBP 85,0
Operational offshore wind projects may be rated investment-grade, subject to adequate mitigation of technical and operational performance risk, Fitch Ratings said in a report. Offshore wind farms under construction are exposed to materially greater challenges compared with onshore projects and their
Two multi-billion dollar offshore wind projects have turned Europe into the strongest performing region in terms of clean energy investments in the first quarter of 2016, according to the data compiled by Bloomberg New Energy Finance (BNEF). The two projects, the 1.2GW Hornsea Project One and the 71
Associated British Ports (ABP) allotted GBP 15,000 for a project to reintroduce salmon to a stretch of river in North Yorkshire through a partnership established to support populations of migratory fish in the Humber as part of the Greenport Hull Alexandra Dock development. The Greenport Hull Alexan
Danish shipping company Blue Water Shipping (BWS) has won a contract to handle and transport jackets and piles constructed for the 350MW Wikinger offshore wind farm in the German sector of the Baltic Sea. The wind farm comprises 70 turbines with four-legged jackets fastened to the seabed with four p
Italian oil & gas and renewables industry contractor Saipem has signed a contract with Statoil for the lift and mating operations of offshore floating wind turbines for the 30MW Hywind Scotland Pilot Park project. The deal is part of EUR 430 million worth of E&C contracts this subsidiary of the Ital
BIRD Energy, a programme sponsored by the U.S. Department of Energy and the Israeli Ministry of Energy and Water Resources, has issued a Call for Proposals for funding of renewable energy and energy efficiency research and development (R&D) projects. Among others, the areas of R&D themes that are wi
Suomen Hyötytuuli Oy, the developer of the 40MW Tahkoluoto offshore wind farm in Pori, Finland, and Jan De Nul NV, the project’s main contractor for marine construction, have invited local businesses to join the two companies in constructing the world’s first offshore wind farm suitable for icy cond
Basque Energy Agency (Ente Vasco de la Energía; EVE) will back demonstration and validation of marine renewable energy technologies with EUR 500,000 this year, as part of a EUR 10 million aid programme for energy efficiency and renewable energy in 2016. Under the programme, a budget of EUR 1.7 milli
Germany’s Federal Ministry for Economic Affairs and Energy (BMWi) has proposed an amendment to the Renewable Energy Act (EEG) which would enable two offshore wind tenders with a total capacity of 2.92GW to be held in 2017. The two tenders with 1.46GW capacity each are part of the new draft bill for
DONG Picks Hughes SSE for Subsea Inspections in Denmark and Germany DONG Energy has signed a contract with the UK-based Hughes Sub Sea Engineering for the undertaking of a subsea inspection campaign at offshore wind farms located in Denmark and Germany. DanTysk Accommodation Platform Taking Shape Th
