Utiligensia has been awarded a further contract by Vattenfall Wind Power Ltd, for the provision of interim commercial support to the Valuation & LEC Management team. The work comprises finanical modelling, analysis and valuation services to German and UK offshore wind projects during development and
RXPE has won a design & build contract from DONG Energy for the supply of its Utility grade STATCOMs. DONG Energy has selected RXPE through a competitive tender process to provide a turnkey deliver of a ±50MVAr MAXIVAR™ Utility grade STATCOM for its 256MW Burbo Bank Extension Offshore Wind Farm, com
In the UK Prime Minister’s Questions yesterday, Mr Andrew Turner, MP for the Isle of Wight, asked if David Cameron would join him in supporting the Perpetuus Tidal Energy Centre, a public / private partnership. Mr Turner explained the centre, based on the Isle of Wight, will provide the world’s firs
Reportstack has announced the publication of a market research report on Offshore Vessels and Cables Market, which says that the market is expected to register substantial growth between 2014 and 2020. Reportstack’s report on “Offshore Vessels and Cables Market – Market Size, Competitive Landscape a
Fred. Olsen Windcarrier has opened its first German business unit in Hamburg. Fred. Olsen Windcarrier GmbH, which opened officially on January 1st 2015, will be the centre of business development activity for the company’s interests in the German offshore wind market, focused on identifying and secu
Indian wind energy manufacturer, Suzlon, is in talks over the sale of its German subsidiary Senvion, sources close to the matter revealed to Bloomberg. Senvion, potentially worth EUR 2.11 billion, has sparked interest from Chinese companies and a large buyout fund, they have added. Raj Kothari, a fi
EnBW Energie Baden-Württemberg AG has sold 49.89 percent of its shares in the offshore wind farm EnBW Baltic 2 to Macquarie Capital, the principal investment, advisory and capital markets arm of Macquarie Group. A corresponding purchase agreement has now been signed. “This means that we have now suc
Cape wind was dealt a significant setback by both NStar and National Grid yesterday. Namely, the two Massachusetts’ utilities decided to terminate the power purchase agreement as the wind farm developer failed to meet the deadline to obtain financing and begin construction by the end of 2014. Northe
Research and Markets has announced the addition of the “Wind Power in Sweden, Market Outlook to 2025, Update 2014 – Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles” report to their offering. The report provides an in-depth analysis on global
Danish wind turbine manufacturer, Vestas, has upgraded its free cash flow expectation to EUR 850 million. According to the company, the previous expectation of EUR 400-700 million was changed based on preliminary report. “The improvement is primarily driven by a better-than-expected development of t
OPUS MARINE GmbH has expanded its portfolio with the acquisition of six new offshore accommodation containers. Based on many years of offshore experience, the engineers of OPUS’ daughter company DIOGENES MODULES have designed a module perfectly matching the versatile requirements of the industry. Th
NIBC has advised Ballast Nedam on sale of Ballast Nedam Offshore. Namely, in early 2014 Ballast Nedam asked NIBC to examine the strategic options for the offshore business. After careful consideration of a number of options, Ballast Nedam and NIBC concluded that the sale of Ballast Nedam Offshore –
UK Ministers of Parliament debated the effect of the Contracts for Difference (CfD) allocation process on offshore wind developments in one of five Westminster Hall debates this morning (January 6). The majority of MPs have stressed the industry’s positive overall impact on employment, local and nat
STRABAG OW EVS GmbH (“STRABAG“), a joint venture between STRABAG AG and the Norderland Group, has been advised by Watson Farley & Williams (“WFW“) on all legal and tax aspects of the sale of the “Albatros” offshore wind farm project to EnBW Energie Baden-Württemberg AG (“EnBW“). The planned offshore
