Business & Finance
Balfour Beatty to Run Gwynt y Môr’s Offshore Transmission
Ofgem has decided to grant an offshore transmission licence for the Gwynt y Môr offshore wind farm to a proposed licensee entity set up by a consortium comprising Balfour Beatty Investments Limited and Equitix Limited. Ofgem noted that the final confirmation of its decision has not yet been made. Gw
TechNavio: Favorable Government Policies to Propel OW Market Growth
TechNavio, a tech-focused research firm, has published a new report on the Global Offshore Wind Power Market, which is expected to grow at a CAGR of 17.5 percent from 2014-2019. Manufacturers and operators in the market used to find it difficult to finance offshore wind farms, due to the high costs
UK Scrutinising Swansea Bay Tidal Lagoon Project
Views are being sought from stakeholders on the approach the government would take if it decides to enter into Contract for Difference (CFD) negotiations for the Swansea Bay Tidal Lagoon project in South Wales. This is part of the UK government’s drive for transparency and engagement with stakeholde
Eneco Seeking Contractors for Norther Offshore Wind Farm
Dutch energy company, Eneco, is inviting bids for two contracts regarding its Norther offshore wind farm located 22 kilometers from the shore near the port of Zeebrugge. The first contract is related to design, supply, installation and commissioning of wind turbine foundations, including cabling and
Canada: T’Sou-ke Nation, AOE to Jointly Develop Wave Energy Project
AOE Accumulated Ocean Energy Inc. (AOE) and T’Sou-ke Economic Development Limited Partnership (TED LP), a T’Sou-ke Nation-owned partnership, have completed an agreement to pursue business opportunities located in the traditional territory of the T’Sou-ke Nation (located on Vancouver Island, British
Northland Power Raises $150 Mln for Wind Energy Development
Northland Power Inc. has closed $150 million of convertible unsecured subordinated debentures. The company intends to use the the money to fund a portion of its investments in the 332 megawatt (282 megawatt net to Northland) offshore wind development project located approximately 40 kilometers north
Zeeland Seaports Sets Up New Supervisory Board
The general meeting of shareholders of NV Zeeland Seaports decided to appoint Roelf H. de Boer and Guillaume Jetten and to reappoint Gerard van Harten to the Supervisory Board of the Zeeland port authority as of 1 January 2015. Roelf H. de Boer began his career in shipping at Nedlloyd. After occupyi
Siemens Starts Building Green Port Hull
The Rt Hon Ed Davey, Secretary of State for Energy & Climate Change, today joined Siemens global executives to mark ground-breaking on wind turbine manufacturing and assembly facilities in Hull. Mr Davey visited Hull’s Alexandra Dock to celebrate the beginning of construction on the site where Sieme
EWEA OFFSHORE to See LEANWIND Project Update
Gavin and Doherty Geosolutions Ltd. (GDG) and ACCIONA Infrastructures will present some preliminary findings from LEANWIND during the EWEA OFFSHORE 2015 event in Copenhagen. The paper will address the global performance of various existing concepts of gravity based foundations in terms of buoyancy a
UK Moves Up CfD Timetable
Following an early completion of the Contracts for Difference (CfD) appeals from unsuccessful applicants, UK government has moved up the schedule for the first allocation of the subsidy scheme. Low Carbon Contracts Company, owned by the Department of Energy and Climate Change (DECC), announced the s
Senvion Sold to USA Firm, Suzlon to Get Its License for Offshore Technology
Suzlon Group today signed a binding agreement with Centerbridge Partners LP, USA to sell 100% stake in Senvion SE, a wholly owned subsidiary of the Suzlon Group. The deal is valued at EUR 1 billion equity value in an all cash transaction and future earn out of up to an additional EUR 50 million. The
Offshore Energy Boosts Business at Port of Den Helder
The number of offshore-related sea ships mooring in the Port of Den Helder rose in 2014 to 2,776, representing a 7 % growth compared to 2013. These numbers were revealed in the annual report of the Port of Den Helder. “Thanks to sound agreements with the offshore companies, the fishery sector and th
Mercom Issues Wind Energy Funding and M&A Report
Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the wind sector for 2014. Global venture capital (VC) funding in the wind sector decreased to $311 million in 2014 compared to $455 millio
EU OKs TAG Acquisition by Bladt, EEW
The European Commission has given their blessing to the acquisition of the assets of TAG Energy Solutions Limited by a newly created joint venture controlled by Bladt Industries A/S of Denmark and EEW Special Pipe Constructions GmbH of Germany. Last year the joint venture decided to invest in former