Business & Finance
Navitus Bay Signs MoU with Three Local Ports
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 Hails Latest Offshore Wind Investments
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 to Build Transport System for EnBw Baltic 2 Rotor Blades
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 Sells 10 Pct of Gwynt-y-Mor to UK Green Investment Bank
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.
RenewableUK Welcomes Offshore Wind Move from GIB and Marubeni
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
2013 Best Financial Year Ever for PNE WIND
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
Marubeni, UK GIB Acquire Half of Westermost Rough OWF
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
Carnegie Cashes in AUD 1.9 Million
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
Four Companies Get USD 860,000 for Offshore Wind Research in Virginia
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 Takes Part in DanTysk Offshore Wind Project
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
Seaway Heavy Lifting Extends DOF Subsea’s Contract
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
EQT Mid Market Acquires StormGeo
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
David Cameron Visits ABP’s Port of Hull
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.
Niels Winther Provides Port Logistics Services for DanTysk Cable Installation
Niels Winther supports the ongoing preparations for the DanTysk inter-array cable installation work with agency and port logistics. Planning and cable installation are carried out by Visser & Smit Marine Contracting (VSMC). Most recently, the barge Stemat 87 arrived at the Danish port of Esbjerg. Th