Business & Finance
Chile to Set Up Marine Energy Center
Chilean Minister of Energy Maximo Pacheco, DCNS president Hervé Guillou, and executive vice president of Chilean governmental organization for economic growth (Corfo) Eduardo Bitran, have signed a joint declaration to set up Marine Energy Research and Innovation Center (MERIC). The declration has be
Babcock Bags Rampion Substation Contract
Babcock has won a contract to deliver the engineering, procurement and construction (EPC) of the 2500 tonne offshore sub-station platform (OSP) topside and jacket for the Rampion offshore wind farm. From its base in Rosyth, the company will fabricate and load-out the components for the UK’s Round 3
East of England Calls for Offshore Wind Certainty
Calls for the UK government to give the offshore wind industry a clear steer on how the next round of developments will be funded were made as Siemens’ turbines were confirmed for East Anglia One. As the UK industry was heartened by ScottishPower Renewables’ opting for as much UK content as possible
Three Companies Shortlisted for Danish Nearshore
Danish Energy Agency (ENS) has shortlisted three companies to participate in upcoming 350 MW nearshore tender. Out of five applicants, WPD Hofor joint venture, European Energy Nearshore Consortium and Vattenfall met the certain technical and financial requirements. Since the future wind farms are sm
Deutsche Windtechnik Scoops seebaWIND
Deutsche Windtechnik AG has acquired 100% of the shares of seebaWIND Service GmbH and Level 360 Gesellschaft für Rotor- und Gittermastservice mbH. In particular, this enables Deutsche Windtechnik AG to expand its systems technology from the present focus on Vestas®/NEG Micon and Siemens®/AN Bonus® t
Envision Energy Strengthens Its EMEA Position
Envision Energy has announced the appointment of John Childs as Head of Turbine Business Development in Europe, Middle East Africa (EMEA) markets. Childs will be based in the company’s Global Innovation Center in Denmark. “We had significant achievement in the past years, in 2014, Envision ranked No
Trump to Take EOWDC Battle to the Next Level
Following the decision by the Court of Session to reject Donald Trump’s latest legal action against the European Offshore Wind Deployment Centre (EOWDC), the Trump Organization announced it will take the case to the UK Supreme Court and European courts, saying that it was “impossible to have a fair
Jobs at Stake Due to EMEC’s Restructuring
Wave and tidal energy market demands have led the European Marine Energy Centre (EMEC) to reorganization, during which redundancies will be made, the Centre announced Friday. To maintain EMEC dynamic and enable its prompt response to market conditions under tight R&D funding, the restructure will fo
Siemens Nets Massive Offshore Wind Turbine Deal
ScottishPower Renewables has selected Siemens as its preferred turbine supplier for the East Anglia ONE offshore wind farm. The turbine agreement, which will be the largest individual contract placed as part of the £2 billion project, will see up to 102 of Siemens’ 7 megawatt (MW) turbines supplied.
Carnegie : Oz Gvt Approves AUD 1.5 Mln Payment
Wave energy developer Carnegie Wave Energy Limited has received approval for $1.5 million in milestone payments from the Australian Renewable Energy Agency (ARENA) for completion and deployment of the CETO units and commissioning of the Perth Wave Energy Project (Perth Project). Carnegie will receiv
50Hertz Emits EUR 500 Mln Bond
50Hertz’ holding company, Eurogrid GmbH, has emitted a corporate bond over 500 million Euros on June 2. The bond has a denomination of 100,000 Euros with a duration of 10 years and a coupon of 1.875 %. The issuance was done via Bourse Luxembourg where the bond will also be traded. “Instruments like
Vestas Signs EUR 1.05 Bln Revolving Credit Facility
Vestas Wind Systems A/S has signed a new EUR 1.050bn revolving credit facility, available for loans as well as project-related guarantees (sub-limit for loans of up to EUR 500m). The new facility has a five-year duration with an option to extend the maturity for up to two additional years. The facil
Blue Water Shipping Reports Higher Turnover in 2014
The significant growth continues for Blue Water Shipping, the company announced today, reporting that annual accounts for 2014 show an 11 per cent increase in turnover and an increase of 80 per cent on the bottom line compared to 2013. The total turnover for 2014 was DKK 4,980 bn (EUR 669 million).
Wpd Secures Funding for Nordergrunde
wpd AG and its financing banks yesterday signed financing contracts in Frankfurt for the Nordergründe offshore project. According to these contracts, the loans will be provided by KfW IPEX-Bank and the European Investment Bank (EIB) while 100% of the equity will come from wpd offshore GmbH. This mea