Business & Finance
UK: Centrica in Discussion with Financial Partner for Race Bank OWF
Centrica, in its preliminary results for 2012 which were published today, has disclosed the information that the company is in discussions with a financial partner and the UK Government concerning the economic framework for the Race Bank offshore wind farm project. The company was granted planning c
Denmark: DONG Energy’s Financial Statements for 2012 Not Satisfactory, Says CEO
The Board of Directors of DONG Energy has today approved the 2012 annual report with the following financial highlights and outlook: – EBITDA was DKK 8.6 billion, down DKK 5.1 billion on 2011. In the Energy Markets business unit, EBITDA fell by DKK 6.6 billion from DKK 2.0 billion in 2011 to a loss
USA: DOE Announces USD 10.5 Million for Small Business R&D in Clean Energy Technologies
The Energy Department’s Office of Energy Efficiency and Renewable Energy (EERE) recently announced 70 grants totaling $10.5 million to small businesses to develop technologies with a strong potential for commercialization and job creation. These awards will help small businesses with promising ideas
Fourth Order for Construction of Transformer Platform for Nordic Yards (Germany)
Leading manufacturer of major maritime projects, Nordic Yards, has signed a contract to construct an offshore transformer platform. The client, Alstom, with whom Nordic Yards will be working for the first time, was awarded the tender by transmission grid operator TenneT Offshore GmbH. DolWin gamma i
Germany: TenneT Awards DolWin3 Project to Alstom
Transmission System Operator TenneT has awarded the DolWin3 offshore project to Alstom. This project connects the North Sea wind farms to the mainland supergrid and has an investment volume of more than €1 billion. “With this project, we help to take the energy turnaround another step forward and ma
UK: New Anglia to Target New GBP 60 Million Enterprise Zone Fund
The New Anglia Local Enterprise Partnership (LEP), which helps to grow jobs and remove the barriers to business growth in Suffolk and Norfolk, will be targeting a new Enterprise Zone fund. The fund has been created by Government so that key infrastructure projects can be completed quickly. Funding w
Germany: NWA Successfully Completes Insurance Programs for Butendiek OWF
Nordwest Assekuranzmakler Gmbh & Co. KG (NWA) has developed insurance programs for the Butendiek offshore wind project. An important component for the financing of the project was laid. Butendiek offshore wind project is located in the North Sea about 32 kilometers west of Sylt. The plan is to insta
Germany: windcomm Appoints New Board Members to Lead Energy Transition
The wind energy cluster windcomm Schleswig-Holstein eV has strengthened its board with new appointments. Volker Koehne from GL Garrad Hassan Germany GmbH was elected to the Board at a recent general meeting. The Board will be chaired by Renate Duggen, director of Rendsburg Port Authority. Deputy Cha
Nordrhein-Westfalen Benefits from Offshore Wind, Says Minister Remmel (Germany)
Environment Minister Johannes Remmel visited ABB in Bad Honnef on his tour called “Future Energies NRW: Places of the energy future”. Nordrhein-Westfalen (North Rhine-Westphalia; NRW) benefited from the expansion of the offshore wind energy. According to the PricewaterhouseCoopers study “Full power
HIE, Scottish Enterprise Launch R&D Funding Call for Offshore Wind Innovation Projects
Highlands and Islands Enterprise (HIE) and Scottish Enterprise have launched a research and development funding call to support project ideas with the potential to reduce the cost of producing energy from offshore wind. R&D funding is available to support the development of the offshore wind industr
Germany: Sandbank Requires Contractors for Offshore Wind Farm Monopile Installations
Sandbank Offshore Wind GmbH requires contractors for offshore wind farm monopile installations. The wind farm is located in the German Bight, 90 km west of the island of Sylt, in the German Exclusive Economic Zone (EEZ). The location provides water depths between 25 and 34 metres. The Sandbank proje
UK: Kentish Flats Extension to Boost Business, Vattenfall Says
Vattenfall’s Kentish Flats Extension has received a development consent order from the Energy Secretary today. The consent means that Vattenfall can step up its engagement with the local and UK supply chains as it develops a forward programme for installation and operation. The up to 17 turbine exte
Germany: Norddeutsche Seekabelwerke Company Management Change
General Cable announced the appointment of Dr. Günther Schöffner as Managing Director and Geschäftsführer of Norddeutsche Seekabelwerke GmbH, a 100% subsidiary of General Cable, effective February 18, 2013. Dr. Schöffner will succeed Rudolf Stahl, who led the company since the acquisition of NSW. He
EIB Considers EUR 850 Million Loan for West of Duddon Sands OWF (UK)
The West of Duddon Sands offshore wind project could get a EUR 850 million loan from the European Investment Bank (EIB). Each of the developers, Dong Energy and Iberdrola, would be entitled to up to 50% of the proposed EIB finance. The EIB published this on its website, noting that the loan is curre