Business & Finance
Estonia Could Get One of the World’s Largest Offshore Wind Farms
Estonia could get an offshore wind farm that would be one of the largest ones in the world, with the capacity of 2.7 GW. On March 26, Baltic Blue Energy OÜ, a company owned by energy businessman Endel Siff, submitted an application to the Ministry of Economic Affairs for the construction of offshore
UK: Harper Macleod Recruits Rival Renewable Energy Team to Target Marine Energy Potential
Harper Macleod LLP has recruited the Renewable Energy team from rival firm McClure Naismith as it makes a significant move into the marine energy sector. Partner Steven Brown, an expert in emerging wave power technologies, and Associate Michael Johnston join Harper Macleod, Legal Advisers to the Gla
Germany: 2012 Successful Year for PNE WIND
With a successful financial year 2012, the wind farm project developer, PNE WIND AG, has laid the foundation for continued positive developments. This is clearly illustrated in the 2012 annual report published today and also reconfirms the figures published on 12th March 2013. PNE WIND AG realised a
Germany: Transitional Company for Sietas Agreed by Consensus
In a few days, the first installation vessel for offshore wind turbines, designed and built in Germany, will be undocked at the Sietas shipyard in Hamburg. The completion and handover to the renowned Dutch engineering company Van Oord is scheduled for July 2013. In addition, the insolvent shipyard c
Norway: Change of Positions within Fred. Olsen Windcarrier Jack-Up Installation Vessels
Mr. Carl Erik Gurrik has been appointed Managing Director of Fred. Olsen Marine Services and will effectively withdraw from his current position as Commercial Manager in Fred. Olsen Windcarrier AS handling all commercial activities towards its Jack-Up Installation Vessels, the ‘Brave Tern’ and ‘Bold
UK: Gower Tourism Sector Not Endangered by Atlantic Array
After the developer of the Atlantic Array offshore wind farm, RWE npower renewables, announced that it expects to submit the consent application to the Planning Inspectorate in June of this year, tourism businesses from the Gower peninsula seem to be ambivalent about the project’s impact on their se
GBP 2 Million Fund Now Available for Marine Renewables Companies in Cornwall, UK
To further strengthen Cornwall’s position as a leading centre for marine energy, approximately £2m of Convergence European Regional Development Funding (ERDF) has been made available for marine renewables companies. The GBI (R&D) fund is available to those currently working on concept or prototype d
UK: Trident Energy Completes Fundraising Round for Sea Trials of Offshore Renewables Technology
Trident Energy announces completion of a second close of its funding round to finance pier-based sea trials of the company’s enabling technology for the offshore renewable energy industry. The new investment takes the total equity raised by the company since October 2012 to £1mil. This second close
Greencoat UK Wind: Successful Fundraising with Maximum GBP 260 Million Raised
Following strong demand during the book-building process, Greencoat UK Wind has placed 260 million shares, conditional on Admission, at an issue price of 100 pence per Ordinary Share in an oversubscribed offer, raising gross proceeds of £260 million, the maximum fund raise. The proceeds will be used
UK: GIB Invests GBP 57.5 Million in Offshore Wind
The UK Green Investment Bank (GIB) confirmed its first direct equity investment in offshore wind through the acquisition of a 24.95% stake in Rhyl Flats Wind Farm Limited (Rhyl Flats) from companies owned by RWE AG (RWE) for a cash consideration of £57.5m. This landmark transaction represents a sign
The Netherlands: CFO Leaves Heerema Fabrication Group
The Board of Heerema Fabrication Group (HFG) has announced that Arend Drenthe, Chief Financial Officer, and HFG have jointly decided to end their relationship with immediate effect. Arend Drenthe will continue his career outside the Heerema Group. “We want to thank Arend Drenthe for his contribution
UK: Liverpool City Region LEP Responds to Budget Statement
Liverpool City Region LEP yesterday released a response to Budget Statement. Executive Director of Strategic Economic Development from Liverpool City Region LEP Mike Palin said: “The Budget has given LEPs a clear cue. Our task now is to create a compelling case for allocations from the Single Local
Denmark: Auditors of Public Accounts Find DONG Energy’s Electricity Prices to Be Competitive
In April 2012, the auditors of public accounts asked Rigsrevisionen – the Danish National Audit Office – to investigate DONG Energy’s electricity prices and some of the aspects affecting the electricity price. The auditors of public accounts published their report Wednesday afternoon. The report det
UAE: Lamprell Appoints New CFO as Executive Director on Board
Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announces that, with immediate effect, Frank Nelson has been appointed as Chief Financial Officer and has now been appointed an executive director o