Vestas signed and completed a new five-year revolving credit facility on 31 March 2014 at a total amount of EUR 1bn. The facility has been successfully increased from the originally agreed total of EUR 850m and is now arranged by a group of six banks comprising of Nordea, DNB, HSBC, SEB, Société Gén
Navitus Bay Development Ltd (NBDL) yesterday officially entered into ‘memoranda of understanding’ (MOU) with three local ports – Poole, Yarmouth and Portland. These formal agreements commit the developer to undertaking studies with the ports that will explore how their facilities could be best used
WWF-UK has commented on the news that the Green Investment Bank is to invest £461m in construction stage projects in the UK offshore wind sector. Nick Molho, head of climate and energy policy at WWF-UK, said: “The Green Investment Bank’s decision to invest in two offshore wind projects and support t
ESG Edelstahl und Umwelttechnik Stralsund GmbH will begin the construction of a transport structure intended for rotor blades of offshore wind turbines for EnBW Baltic 2 GmbH in April 2014. Specialist company ESG will build the so-called “Blade Rack System” at the Volkswerft shipyard in Stralsund wi
RWE Innogy has today agreed terms for the sale of a 10% share in its Gwynt-y-Mor offshore wind farm with the UK Green Investment Bank. RWE Innogy will generate £220m of new capital as a result of the sale, which will be reinvested into other renewable energy projects within its extensive portfolio.
Maf Smith of RenewableUK backed the offshore wind investment announcements made today by the Green Investment Bank. The announcements stated the Green Investment Bank was investing jointly with the Marubeni Corporation to purchase a 50% share in Dong Energy’s Westermost Rough wind farm, which is bei
German wind farm developer PNEWIND AG has published its annual report for 2013, which turned out to be the most successful fiscal year in the company’s history. At the same time, the company has significantly expanded its operational activities in the first quarter of 2014. “2013was not only an outs
DONG Energy has today signed an agreement to sell 50 per cent of the 210 megawatt UK offshore wind construction project Westermost Rough to Marubeni Corporation and UK Green Investment Bank. At completion of the transaction, Marubeni and UK Green Investment Bank will each acquire a 25 per cent owner
Wave energy developer Carnegie Wave Energy Limited announced the completion of the final foundation milestone and a progress milestone for the onshore plant component of the Perth Wave Energy Project with the receipt of $ 0.7 million from the Western Australian State Government and $ 1,2 million in
Virginia Governor Terry McAuliffe has announced that four Virginia businesses have been selected for awards totaling $860,000 for research having a total value of more than $3 million that will give the Commonwealth a competitive advantage and accelerate the development of offshore wind power and it
North Sea Shipbrokers has been nominated as agents for the GMS Endeavour 6102 jack-up barge for the port of Esbjerg, the largest offshore port on the Denmark’s west coast. From 18th to 23rd of March, the GMS Endeavour 6102 had undergone required maintenance and has been prepared to carry out DanTysk
DOF Subsea, provider of integrated subsea solutions, has been awarded a Master Service Agreement (MSA) extension with Seaway Heavy Lifting for the provision of positioning services onboard its Stanislav Yudin and Oleg Strashnov crane vessels. DOF Subsea offers services to third parties across the gl
Scandinavian Private Equity investor EQT Mid Market has acquired majority (57,5%) in INTPOW partner StormGeo, a leading global provider of software-based decision support for weather sensitive operations at sea. The Strategy is to support StormGeo’s continued growth. As part of the transaction, EQT
UK Prime Minister David Cameron and Secretary of State for Energy & Climate Change Ed Davey visited Associated British Ports’ (ABP) Port of Hull to welcome the announcement that Siemens will invest £160 million in wind turbine production and installation facilities on a 54ha site at Alexandra Dock.
