Business & Finance
The Netherlands: Royal Haskoning and DHV Announce Official Merging
Royal Haskoning and DHV announce they have officially merged and will now be known as Royal HaskoningDHV. The company, headquartered in Amersfoort, the Netherlands, is one of Europe’s leading project management, engineering and consultancy service providers, ranking globally in the top 10 of indepen
UK: SeaEnergy Announces SERL Sale Details
SeaEnergy has announced that, pursuant to the Sale and Purchase Agreement dated 4 June 2011 between the Company and Repsol Nuevas Energias S.A. (“Repsol”), the Retention Amount of £3,000,000 plus interest became due for payment on 28 June 2012. The Company was notified on 27 June 2012, of a warranty
Luxembourg: EIB to Finance Northwind Project with EUR 333 Million
The European Investment Bank (EIB) will grant EUR 333 million to finance the Northwind offshore wind power plant. The financial close, which was announced yesterday, will cover the construction and operation of a 216 MW offshore wind farm to be built on a sandbank located 37 km from the port of Oste
Belgium: Financial Close Indicates Construction Phase of Northwind Offshore Wind Farm
Northwind NV has announced the formal financial close with all key stakeholders and banks for their Northwind Offshore Wind power plant. This ends a series of intense negotiations and deliberations that constitutes one of the largest financial investment transactions in Belgium in recent years. The
VolkerWessels Wins Cabling Contract for German Meerwind Offshore Wind Farm
VolkerWessels subsidiary Visser & Smit Marine Contracting (VSMC) has been awarded a contract from WindMW GmbH for the installation of cables for the Meerwind Offshore Wind Farm which is currently under construction in Germany. The award of the contract consolidates VSMC’s position as market leader i
Belgium: GeoSea Signs Contract for Northwind Offshore Wind Farm
GeoSea, subsidiary of the Belgian DEME Group and specialising in offshore constructions, has just signed a contract with Northwind NV for the construction and installation of foundations for Northwind’s offshore wind farm project off the Belgian coast. The project includes the installation of 73 ste
Scottish Energy Minister to Meet Baden-Württemberg Politicians
Energy Minister Fergus Ewing will today meet with politicians from one of Germany’s major Federal States to discuss shared interests and opportunities in the growing domestic and international low carbon economy. On the final day of his three-day visit to Germany, Mr Ewing will meet with Franz Unter
Germany: Allianz Could Invest in Offshore Wind Farms
As the German biggest insurance company is searching for other ways to increase income, investment in offshore wind farms may be just the right solution. After more than EUR 1.3 billion of investment in onshore wind and solar power, Allianz is considering investing in offshore wind as long as the ri
UK: SSE’s Commissioned Offshore Wind Farm Capacity Increases to 256MW
SSE is hosting an event for analysts and investors today (Wednesday 27 June) and tomorrow in Glasgow and at Clyde wind farm to present its approach to managing its large capital projects. SSE will set out the way it works to ensure that such projects are governed, developed, approved and executed in
RWE Seeks German Government’s Compensation for Grid Connection Delays
Incoming Chief Executive of RWE, Peter Terium, said that substantial delays in Nordsee Ost offshore wind farm connection to the grid jeopardize the project’s profitability. Mr. Terium told the weekly magazine Der Spiegel that RWE is inviting the German Government to discuss possible compensation add
UK: GIB Deals Blow to Wave and Tidal Energy
Green Investment Bank (GIB) has excluded wave and tidal energy from its plans and said it will focus on other projects, reports the BBC. Lord Smith of Kelvin, the new chairman of GIB, said the bank will invest GBP 3 billion budget in projects that will make a commercial return. He outlined five prio
UK: SgurrEnergy to Advise on Lincs Offshore Wind Farm
SgurrEnergy has been selected as lender’s technical and environmental advisor to an international banking consortium for the £750m Lincs offshore wind farm. The high profile project, which is in construction, will comprise 75 Siemens SWT-3.6-120 3.6MW wind turbines when completed, and uses a pioneer
The Netherlands: FRISIA-Offshore and Offshore Wind Services Announce Cooperation Agreement
FRISIA-Offshore, located in Germany, and Offshore Wind Services BV from the Netherlands announced a cooperation agreement. The intention of FRISIA-Offshore and OWS is to invest together in new Crew Transfer Vessels through a joint venture in the coming months. This joint venture will serve as growth
German Banks Have Limited Ability to Fund Offshore Wind Power
German plans for shifting to renewables can be funded only to 50%, with banks having a limited ability to finance the rest when it comes to resources like offshore wind power. According to Bloomberg’s information based on the report of the HVB Group, UniCreditSpA (UCG)’s German banking unit, referre