Northland Power Inc. has closed its offering of USD 231,000,000 in public shares. The company has also announced the concurrent closing, on a private placement basis, of the previously announced issuance of 3,125,000 Common Shares representing USD 50,000,000 of gross proceeds to a subsidiary of Nort
Following the recent announcement about Block Island wind farm reaching financial close, Mott MacDonald issued a press release, revealing that the company was lenders’ technical advisor during the project’s due diligence phase and is now monitoring construction as independent engineer in an ongoing
Royal IHC (IHC) has integrated four of its business units – IHC Hydrohammer, IHC Handling Systems, IHC Sea Steel and IHC Fundex Equipment – into one new organization, which will operate under the name IHC IQIP. Through this merger, IHC will be able to offer a fully integrated solution for on- and of
Energinet.dk, the Danish power transmission company has appointed Hollandia Offshore with the procurement, fabrication, load out and transport of the Horns Rev C Jacket. The Jacket is to be installed in the Horns Rev 3 Offshore wind farm near the Danish Coast. The scheduled delivery date is April 20
Michael Ottaviano, Managing Director of Carnegie Wave Energy, has urged Australian politicians to set up a clear policy when it comes to renewable energy target (RET). Australia has a target set at 20% of renewables in its energy mix by 2020. However, it looks like now that 20% would amount to much
UK based offshore handling systems company, Caley Ocean Systems, and umbilical and cable maker Umbilicals International, based in the US, have joined forces to offer operators and offshore contractors integrated solutions for the deployment of subsea packages and well intervention systems. Caley Oce
RWE Supervisory Board has decided to make a new five-year CEO deal with Peter Terium starting 1 March 2016. His previous deal expires on 29 February 2016. This approach allows the Supervisory Board to ensure continuity at an early stage at the top of the company. The Chairman of the Supervisory Boar
The growth of the cables and connectors market in Europe can be attributed to the increasing number of projects in the offshore wind connections and submarine interconnections market and moderate pricing pressure among the suppliers. According to a new market research report “Cables & Connectors Mar
Danish wind turbine manufacturer, Vestas, has placed a new green corporate Eurobonds for a principal amount of EUR 500m. The bonds with seven-year maturity were received well by the European investors. “This green bond allows Vestas to diversify and optimise its funding structure in favour of longer
Energy Technologies Institute (ETI) has publishes two potential scenarios depicting the UK’s low carbon energy system transition. The “Options, Choices, Actions” Report displays how the UK can implement an affordable 35 year transition to a low carbon energy system by 2050, but there are different w
Rhenus Offshore Logistics started adopting a sustainable approach this month with fixed prices for cargo runs to wind parks out at sea. Customers can now arrange supply and disposal services for their platforms and ships from Emden and Cuxhaven – at any time of day or night. “We handled at least a d
KIC InnoEnergy has announced the 2014 results of its sustainable energy innovation project support programme, which recorded 28 newly enrolled high potential project consortia in just one year, adding up to 65 new projects since 2013, for which KIC InnoEnergy mobilized 80 million euros of investment
Western Isles Labour candidate Alasdair Morrison has called for Wave Energy Scotland (WES) to be located in Lewis so that it does not become “another distant quango living off peripheral resources”. Mr Morrison said: “It is now clear to everyone that, in order to give credibility to its otherwise in
Employers that recognise the skills, work ethic and training ex-military personnel bring to their workforces will sign special covenants to support more this week at the region’s energy industry flagship event. Companies working in the oil, gas and renewables industries across the East of England ar
