Business & Finance
Germany: Blackstone Completes Financing for ‘Meerwind’ Offshore Wind Farm,Obtains Permit for Second Project
WindMW GmbH , a company majority owned by funds managed by Blackstone , has completed the financing for “Meerwind,” the largest German offshore wind farm to complete its full financing process. Meerwind is also the first German wind farm to be fully financed by private investors. The 80 turbine wind
Scour Prevention Systems Secures LBA Investment to Close Funding Round (UK)
LBA announces that Scour Prevention Systems Ltd (SPS) has successfully raised c. £350k. The company presented to LBA on 26 May 2011 looking for just £100k to close its funding round which included a £100k grant, and received an overwhelming response from our network, with firm offers for significant
REpower Orders 48 Offshore Cranes from PALFINGER WIND (Austria)
REpower Systems SE, leading producer of wind turbines, is continuing to rely on the expertise of PALFINGER WIND: A major order for 48 cranes confirms the successful cooperation that has existed since 2003. Cranes are an essential element in the upkeep, maintenance and servicing of wind turbines. In
USA: BOEMRE Begins Marine Archaeological Sites Study Along Pacific OCS to Assess Effects of Offshore Renewable Energy Development
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) announced it is beginning a two-year, comprehensive study of coastal and marine archaeological sites along the Pacific Coast of the United States. The study will analyze and inventory marine archaeological resources on the Pa
Aquamarine Power USA Wins Grant to Gather Data on Wave Energy Potential Along Oregon’s Coast
Aquamarine Power USA has been awarded a $100,000 matching grant by the Oregon Wave Energy Trust (OWET) to gather data on the wave energy potential of the sea along Oregon’s coast. The grant is for Acoustic Doppler Current Profiler (ADCP) installation. The ADCPs will measure the wave energy resource
Innovative Clean Energy Projects Receive USD 8 M in Funding (Canada)
A dozen new Innovative Clean Energy Fund projects throughout British Columbia, including a project in Prince Rupert, will be receiving… By Martina Perry (bclocalnews) [mappress] Source: bclocalnews, August 03, 2011
ESB’s Ocean Energy Project Westwave Wins Grant from SEAI (Ireland)
ESB’s ocean energy project, Westwave, has been awarded a grant of €238,000 by the Sustainable Energy Authority of Ireland (SEAI). The grant is awarded under SEAI’s Ocean Energy Prototype Research and Development Programme which focuses on the development and deployment of ocean energy devices and sy
EU Wind Power Will Triple by 2020, According to EWEA (Belgium)
The European Wind Energy Association (EWEA) today published its scenarios for onshore and offshore wind power deployment in the EU, ahead of the European Commission’s Energy Roadmap 2050, due to be published later this year. “Wind energy will more than triple its power output by 2020 with 194 billio
ABB Wins Order Worth USD 1 Billion for Offshore Wind Power Connection (Germany)
ABB, the leading power and automation technology group, has won an order worth around $1 billion from the Dutch-German transmission grid operator TenneT to supply a power link connecting offshore North Sea wind farms to the German mainland grid. This is the largest power transmission order in ABB’s
Crown Estate Reports Investment Increase in Scotland Despite Fall in their Gross Surplus
The Crown Estate has reported an increase in investment in Scotland despite the gross surplus from their operations in Scotland falling. Their profit each year is sent to the Treasury for the benefit of the public as a whole, and they continue to invest in the long-term development of their property
Deepwater Wind Resumes Work on Proposed Wind Farm off Block Island (USA)
When the Rhode Island Supreme Court issued a ruling earlier this month upholding a long-term contract for the sale of power from Deepwater Wind’s proposed wind farm off Block Island, it was a green light for the company to resume work on the project. As the case dragged on for nearly a year, with th
Installation Activities Booming at Walney 2 Offshore Wind Farm (UK)
Right now the installation activities for Walney 2 are booming. Crane barges, jack-up vessels and tugs are working out of ports in the East Irish Sea area, primarily out of the ports of Barrow and Mostyn. On 39 of the 51 monopile positions, a transition piece has already been installed, and the last
EnBW Reports EUR 588 Million Net Loss in 1H 2011 (Germany)
Karlsruhe. In the first six months of 2011 EnBW Energie Baden-Württemberg AG increased its revenue by 5.1% to a total of € 9,409.8 million. In contrast, there was a decline in earnings as expected. Adjusted earnings before interest and taxes (adjusted EBIT) fell by 24.2% in comparison to the corresp
Global Tech I Offshore Wind Project Raises EUR 1 Billion (Germany)
The offshore wind project Global Tech I, for which AREVA is supplier of 80 M5000 turbines, has finalized raising debt financing for an amount in excess of 1 B€. This is the second AREVA-powered offshore wind project to achieve this and a new demonstration of the confidence of the financial community