Business & Finance
Bonheur and Ganger Set Merger Date
Norway’s Bonheur ASA and Ganger Rolf ASA will complete their merger on 6 May, with Bonheur ASA as the surviving entity, the companies said in a stock filing. The last day the two companies will trade separately on the Oslo Stock Exchange will be 4 May, according to the statement. The merger will be
Cape Wind Fights Back
Cape Wind Associates has filed a court appeal against the Massachusetts Energy Facilities Siting Board’s decision not to extend the company’s permit for two subsea cables that would connect a 468MW offshore wind farm in Nantucket Sound to the mainland. The board decided not to extend the permit by M
BOEM Guides Search for West Coast Tribal Cultural Landscapes
The US Bureau of Ocean Energy Management (BOEM) has issued a new guide to help government agencies and Native American communities work together to identify areas along the country’s west coast that could be affected by future offshore renewable energy development. The potential for impacts to impor
DONG Energy Helping Out UK Businesses
DONG Energy will cover additional costs of UK businesses “going green”, so that they can access renewable electricity and achieve their sustainability ambitions without commercial disadvantage, the offshore wind developer informed today. “We are taking this bold step because we believe that all busi
Vattenfall Ups Its Wind Game
Vattenfall’s Wind Business Area, the Swedish utility’s sector in charge of wind power operations, ended the first quarter of 2016 with an operating profit before depreciation, amortisation and impairment losses (EBITDA) of SEK 1.5 billion (EUR 164 million), a 12% increase compared to SEK 1.34bn EBIT
DONG Establishing Foothold in Asia-Pacific, First Stop Taiwan
DONG Energy is setting up an office in Taiwan to explore offshore wind opportunities in the Asia-Pacific region. The company is turning its attention to Asia-Pacific as the area has large potential for the development of offshore wind, Martin Neubert, the Chief Strategy Officer at DONG Energy Wind P
MHI, Vestas Decide to Stay Equals in Offshore Wind JV
Mitsubishi Heavy Industries (MHI) and Vestas will both continue to have 50 per cent stake in their joint venture dedicated to the development and supply of offshore wind turbines. Namely, when the companies teamed up to serve the offshore wind industry in 2013, they agreed on equity ownership ratios
Iberdrola’s Renewables EBITDA Rises in Q1 2016
Renewables brought EUR 441.6 million net operating profit (EBITDA) to the Spanish utility Iberdrola in the first quarter of 2016, a 3.1% jump compared to the same period a year earlier, as the company’s renewables business reached 14,812 MW of installed capacity by the end of the first quarter. Over
K2 Management Dives Deep into EnBW Hohe See Project
K2 Management is currently carrying out comprehensive due diligence of the 500MW EnBW Hohe See offshore wind farm as part of its first full lenders’ technical advisor role for the project. Having completed the initial “bankability” review, K2 Management is now focusing in detail on the key technical
East Anglia ONE’s Price of £119/MWh Confirmed
Low Carbon Contracts Company (LCCC), a UK government-owned company created to deliver key elements of the Electricity Market Reform Programme, confirmed that Contract for Difference (CfD) milestones for East Anglia ONE have been fulfilled. With the CfD milestones achieved and confirmed by the Low Ca
Rix and Boston Energy Form Offshore Wind Joint Venture
JR Rix & Sons Ltd and Boston Energy have formed a joint venture, BostonRix Wind Ltd, to offer a set of integrated services to offshore wind developers and OEMs. JR Rix & Sons Ltd is the parent company of the Humber-based wind farm support vessel owner and operator Rix Sea Shuttle, and the East Yorks
France Doubles Post-2023 Offshore Wind Capacity Target
France has doubled the target for offshore wind capacity planned post-2023, according to the revised objectives for the development of renewable energy recently announced by the country’s Ministry of the Environment, Energy and the Sea. In its new energy investment plan, France initially called for
Siemens, SPR Sign Europe’s Largest Wind Turbine Contract
ScottishPower Renewables (SPR) has concluded a major East Anglia ONE deal with Siemens, worth up to one-third of the overall £ 2.5 billion (€ 3.2 billion) project investment. Under the agreement, Siemens will supply 102 wind turbines and service them for an initial period of five years. The turbine
Aibel Picks Granada Python Cranes for Hywind
Aibel has awarded a contract to the Manchester-based Granada Material Handling Ltd to design, manufacture, deliver and commission 10 davit crane units for the 30MW Hywind Scotland Pilot Park, the world’s first floating wind farm situated off Peterhead, Aberdeenshire. Two Granada Python crane units,