In July 2011 A2SEA acquired a 29% share interest in the Danish cable installation company CT Offshore. A2SEA has now decided to increase their shareholding in the company to 67%. The remaining 33% of the shares are still owned by CT Offshore’s founder and CEO, Paw Cortes. The company will stay at it
German ministries of environment and economy helped set up a group, which will also include regulators and industry officials, to discuss and resolve the issues delaying the offshore wind expansion. Economy Minister Philip Roesler said: “The expansion of offshore wind energy is the key component to
If measured by the turnout at the rally at the Annapolis state house on Wednesday, of all the issues confronting the Maryland General… By Keith Harrington (huffingtonpost) [mappress] Source: huffingtonpost, January 13, 2012
Scottish Equity Partners (SEP) has raised a new £95 million fund to invest in innovative green energy businesses in a deal involving the acquisition of a portfolio of clean energy assets from SSE Ventures, the investment arm of FTSE 100 utilities company SSE plc. SEP raised the new secondaries fund
Nova Scotia Power may have a tidal turbine back in the water this year but it’s more likely to be early 2013, says the CEO of parent company Emera. By Joann Alberstat (thechronicleherald) [mappress] Source: thechronicleherald, January 12, 2012; Image: openhydro
Mercom Capital Group, llc, a global clean energy communications and consulting firm, yesterday released its annual and fourth quarter funding and merger & acquisition (M&A) activity report for the wind sector in 2011. In 2011, venture capital (VC) funding for wind energy continued to increase past p
The new era is coming for offshore wind in Europe. Investments in this industry are going to double in next ten years. It is the fastest rising industry at the moment. In 2010, approximately USD 82 billion investments in wind industry were recorded. There is a plan to reach USD 140 billion by 2020 a
Effective from December 31, 2011, REpower Systems SE has acquired by purchase the remaining 49% stake in PowerBlades GmbH from SGL Rotec GmbH & Co. KG, a majority company of SGL Group. PowerBlades, headquartered in Bremerhaven, was founded in 2007 as a joint venture for the production of rotor blade
A £7bn energy giant is set to make a massive contribution to the North-east economy this year… by Jez Davison (nebusiness) [mappress] Source: nebusiness, January 06, 2012
Pelamis Wave Power is looking for a buyer to raise funds for its giant sea snake. Pelamis is pursuing efforts to acquire GBP 10 – 20 million for the development. Among potential buyers are BAE Systems, Rolls-Royce, Weir, Siemens, Caterpillar, ABB and Alstom, reports Scotsman. [mappress] Offshore WIN
DONG Energy A/S has successfully issued a GBP 750 million bond with a maturity of 20 years. The issuance was made under the company’s existing debt issuance programme (EMTN programme). Key details of the transaction: Size: GBP 750 million Maturity date: 12 January 2032 Coupon: 4.875 % Spread over Gi
DeepOcean Group Holding AS (“DeepOcean Group” or “the Company”), an integrated provider of subsea engineering and trenching services, today appointed Bart H. Heijermans as their new CEO effective February 1, 2012. The announcement represents the next step in DeepOcean Group’s development into a lead
There were only a few Finnish stands at the EWEA OFFSHORE 2011 conference in Amsterdam, but several Finnish participants were listening to the interesting presentations, visiting the stands and meeting colleagues during the exhibition. In Finland there are about ten large offshore projects under dev
KV Ventus B.V., a wholly-owned subsidiary of Keppel Corporation Ltd. (Keppel) has today entered into a share purchase and subscription agreement and shareholders’ agreement to acquire a 49.9% stake in offshore wind turbine foundation designer OWEC Tower (AS) for about NOK 61 million. OWEC Tower, hea
