French multinational bank BNP Paribas will more than double the financing resources allocated to the renewable energy sector, from EUR 6.9 billion in 2014 to EUR 15 billion in 2020, and strengthen its policies for the management of carbon risk. The bank will also continue to promote Green Bonds to i
More than six out of ten (61%) institutional investors in Europe expect to increase their exposure to renewable infrastructure, with nearly half of them (48%) expecting further investments into offshore wind, according to a new study commissioned by alternative investment firm Aquila Capital. A furt
Carnegie Wave Energy Limited (CWE) has completed an oversubscribed AUD 7.5 million capital raise to continue the commercialisation of its CETO technology. Carnegie announced on 3 November that it had initiated a capital raising of AUD 5 million via a Share Purchase Plan with capacity to accept overs
Munich-based insurance provider Allianz will stop financing coal-based business models and turn its focus to wind energy, the company’s chief investment officer Andreas Gruber said in an interview given to German TV station ZDF. Allianz will no longer invest in companies that derive more than 30 per
UK Green Investment Bank plc (GIB) has committed GBP 2.3 billion to 58 green infrastructure projects with a total value of GBP 10.1 billion in its first three years of existence. Part of the commitments went towards financing of 757 offshore wind turbines in the UK – or 40% of all the turbines curre
In the past eight years Offshore Energy Exhibition & Conference (OEEC) has experienced continual growth and it has the ambition to continue this steady course. In that respect we have exciting news to share: OEEC will have a new home in 2016 and will move to hall 1, 2, 4 and 5 of Amsterdam RAI. [&he
New York-based private investment firm Centerbridge Partners is reportedly planning to list the German wind turbine manufacturer Senvion less than seven months after completing the acquisition of a 100% stake in the company for EUR 1 billion, Reuters reports. Centerbridge has partnered up with JP Mo
U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) has set aside over USD 8 million for two offshore wind-related projects. USD 3.57 million will go to a team led by the University of Virginia for the design of a 50 MW wind turbine featuring downwind morphing, expected to
Companies hoping to win contracts in the GBP 25 billion UK offshore wind farm investment must be innovative and cut their costs to be part of it, over 250 supply chain representatives heard during an event to celebrate Offshore Wind Week held in Lowestoft. Businesses supplying services, products and
The University of Maine has received a USD 3.9 million grant from the Harold Alfond Foundation for the establishment of an ocean engineering and an advanced manufacturing laboratory on campus. The latest grant brings the total of funds raised for the Harold Alfond W2 Ocean Engineering Laboratory and
Aquamarine Power ceased trading on 20 November due to not receiving any offers from buyers. This was reported by BDO LLP business restructuring partners James Stephen and Graham Newton, who have been appointed Joint Administrators on 27 October. James Stephen said: “Despite a comprehensive marketing
Developing nations eclipsed the world’s wealthiest countries in 2014, attracting more clean energy investment and building more wind, solar, and other renewable power generation than ever before, according to a global assessment released by Bloomberg New Energy Finance today. Climatescope, the clean
The New England Aqua Ventus I offshore wind project will get an additional $3.7 million from the U.S. Department of Energy (DOE). The University of Maine-led project, also known as Maine Aqua Ventus, will receive the funding to complete engineering and planning work, and approach financial close, in
UK-based Manor Renewable Energy (MRE) Ltd, suppliers of temporary power generators, vessels and personnel to the offshore renewables sector, have appointed Manor Marine UK Limited to construct their new Wind Farm Service Vessel (WFSV). MRE contracted Offshore Ship Design, working in conjunction with
