Business & Finance
Offshore Wind Boost for Weldex (UK)
WELDEX, the Inverness-based crane company which saw a £100 million valuation placed on it following a private equity deal this summer, has won a clutch of orders to work on offshore wind farms. The company, the largest crawler crane business in the UK, will start work in March on multi-million pound
The Nederland: Eneco to Purchase Half Electricity Produced by C-Power Wind Farm
Eneco has announced that it will purchase half of all the electricity generated by the planned second phase of the offshore C-Power Wind Farm on a long term basis. The wind farm is located on the Thornton Bank at a distance of approximately 30 kilometres off the Belgian coast and currently has a pro
Manufacturers Association Opposes Cape Wind Power Deal (USA)
The Rhode Island Manufacturers Association has filed a brief with the state Supreme Court that opposes a power-purchase agreement signed between the state’s largest electric utility and an offshore-wind power developer. The association submitted the amicus brief last week but has yet to learn whethe
Construction and Financing Agreements for Trianel Borkum Wind Farm Signed (Germany)
Financing for the first phase of what will be the North Sea’s largest offshore wind farm has closed, with most of the funding commitment coming from the European Investment Bank. Eleven banks agreed to grant the request for 700 million euros ($918.82 million) for the first phase of the project. More
Mayors Not Sold on Offshore Wind Turbines (Canada)
The mayors of the three Lambton County municipalities bordering Lake Huron are cool to the idea of erecting offshore wind turbines. Mike Bradley of Sarnia, Lonny Napper of Plympton-Wyoming and Bill Weber of Lambton Shores responded with caution to a recent Conference Board of Canada report on offsho
Bruce Stevenson Appointed to Work With Ofgem (UK)
Edinburgh-based insurance broker Bruce Stevenson Risk Management has been appointed to work with Ofgem as part of the UK government’s support for offshore wind generation. BSRM has been selected, along with Grant Thornton, to advise on the tender process appointing Offshore Transmission Owners. The
A Wind Farm in Deep Water off the U.S. Coast
Deepwater Wind, a company based in Providence, Rhode Island, has drawn up plans for what could be the largest wind farm in U.S. waters, the company announced last week. The proposed farm would generate a huge 1,000 megawatts of power and would be located 18 to 27 miles off the coast of Rhode Island
Sale of Share in Danish Offshore Wind Farm and Acquisition of Shares in German Sales Company Approved
On 30 September 2010, Stadtwerke Lübeck and DONG Energy announced their intention to swap Stadtwerke Lübeck’s 25.1 % share in the jointly-owned German subsidiary DONG Energy Sales for an indirect 7.25 % share of the Nysted Offshore Wind Farm. The completion of the transaction was subject to approval
USA First Offshore Wind Farm Lacks Buyers
The nation’s first wind farm, planned off Cape Cod, Mass., fought a bruising battle for approval. Now, it faces another challenge in selling its power. The 130-turbine Cape Wind project has sealed a deal with the utility National Grid for half its power. But the other half is available with no appar
PGGM and Ampère Equity Fund Buy Minority Stake From DONG Energy in Walney Offshore Wind Farm (UK)
A consortium of PGGM and Dutch Ampère Equity Fund, managed by Triodos Investment Management, have entered into an agreement with DONG Energy whereby the consortium acquires a 24.8% stake in the 367MW Walney offshore wind farm, which is under construction. DONG Energy will retain a 50.1% stake and SS
NaiKun Wind Releases Year-End Financial Results (Canada)
NaiKun Wind Energy Group Inc. (TSX-Venture: NKW) today announced its financial results for the year ended September 30, 2010, a fiscal period during which the Company undertook a substantial restructuring effort and conducted a strategic review to determine the optimal path forward for maximizing sh
American Offshore Wind Sector Still Generating News
There’s no shortage of developments in the US offshore wind power sector these days even though there is still not a single wind turbine generating power off the nation’s eastern coast. Capturing most media attention last week was Deepwater Wind which announced its plans to construct the Deepwater W
Suzlon Group Crosses 15,000 MW in Wind Installations Across the World (India)
15,000 MW of cumulative installations; 10,500 turbines; covering over 1,800 customers across 25 countries Accounts for nearly nine per cent of the world’s total wind installations@ Capacity can generate enough green energy to power more than thirteen million households annually Offsets ~27 million t
Interim Development Agreement for Inch Cape Offshore Wind Farm Project (UK)
SeaEnergy PLC is pleased to announce that its 80% subsidiary SeaEnergy Renewables Limited (SERL) has signed an Interim Development Agreement (IDA) with The Crown Estate regarding certain Inch Cape wind farm development activities. The IDA formalises the Heads of Terms agreement announced in Septembe