Business & Finance
Clifford Chance Advises on Gemini Offshore Wind Farm
The Amsterdam office of law firm Clifford Chance has been advising Gemini offshore wind developers as lead counsel/project counsel since 2011. The offshore wind farm is the largest renewable energy project in both scope and funding ever conducted in the Netherlands. Since 2011, Clifford Chance has a
France Gives Itself Veto Right over GE Offer
France has given itself more power over deciding on the fate of its nuclear giant Alstom. The French government has approved a decree allowing it to stop foreign bidders in acquiring assets in “strategic” energy, water, transport, telecom and health sectors. According to the decree, published in Fra
Whitby to Support Dogger Bank OWF
On Monday, Councillor Mike Cockerill confirmed to the Scarborough Borough Council that he is officially negotiating with a company operating service vessels, on the usage of the Endeavour Wharf in Whitby Harbour for the Dogger Bank offshore wind project. For years, Scarborough has been seen as one o
Dutch Gemini Becomes Largest-Ever Project Financed OWF (VIDEO)
More than 22 parties, including 12 commercial creditors, 4 public financial institutions, 1 pension fund together with Northland Power Inc. as subordinated debt lenders and the 4 members of the equity consortium were involved in the signing of the financing contracts for the Gemini offshore wind far
Bonheur Group’s Operating Results Down to EUR 42.6 Mln
Norwegian holding company Bonheur ASA has released its report for the first quarter of 2014 comprising Bonheur ASA and its subsidiaries and the group of companies´ ownership of associates. Bonheur’s main business segments include offshore drilling, renewable energy, shipping / offshore wind, cruise
Siemens Signs Its First Deal for Dutch Offshore Wind Project
The Gemini consortium signed all construction, operations and financing contracts yesterday with a total construction budget of nearly EUR 3 billion. For Siemens this is the first order for an offshore wind power plant in Dutch waters. For the Gemini project, Siemens will deliver 150 wind turbines w
Wind Powers Statkraft’s Business
Statkraft’s Q1 financial results have shown that the company’s wind power business had significantly contributed to solid performance at the beginning of 2014. In the first quarter of 2014, Statkraft achieved an underlying operating profit before depreciation (EBITDA) of NOK 3836 million, compared w
New Lightning Monitoring System to Reduce Cost of Energy
Danish company Global Lightning Protection Services A/S has developed the Lightning Key Data System that can measure the presence and extent of a lightning strike in wind turbines. The system is designed and tested especially for the harsh environmental conditions under which a wind turbine operates
EPISCentre to Produce Skilled Energy Workers from July
A new skills centre to become the focal point for world class energy skills training in the East of England is to be launched in the Great Yarmouth borough in July. The EPISCentre project will start initially from the Minerva House building near the home of EEEEGR, the East of England Energy Group,
CT Offshore to Lay Cables for Gode Wind OWF 1 + 2
The Danish cable installation company, CT Offshore, has been awarded a contract at the DONG Energy’s Gode Wind OWF 1 + 2. The scope of work covers the cable installation and burial of 97 inter-array cables. ”In the current market this is an important contract for CT Offshore. While new and larger ca
Van Oord Bags EUR 1.3 Bln Gemini Contract
The Gemini offshore wind project shareholders, headed by Canada’s Northland Power Inc., reached an agreement with the banks on the project’s financing. The financial close will contribute EUR 2.3 billion to the overall construction costs of EUR 2.8 billion. Van Oord has a 10% equity stake in this pr
UK Government Promises Support for East of England’s Energy Industry
A 200-strong delegation from EEEGR (the East of England Energy Group) was promised Government support and recognition for the region’s energy industry, at a House of Commons reception held yesterday. Business Secretary Vince Cable said there was a determination that a higher portion of the billions
Winds Lift RWE Innogy’s Q1 Figures
RWE Innogy released figures for the first quarter of 2014 where it reported a 9% year-on-year increase as its operating result amounted to €97 million. The higher production of wind energy generation had a big effect on these figures. According to the company, German biomass activities only made a s
UK’s Business Secretary Condemns Big OW Player for Not Using More UK Content
Vince Cable, the UK Secretary of State for Business, Innovation and Skills, has warned big energy companies to use more UK content, after he found out that one of the giant offshore wind operators had only 20% of UK content in its energy supply chain. Mr. Cable did not disclose which company was at