Offshore Wind
European Commission Approves Contracts for Difference
The European Commission has concluded that a UK scheme called “Contracts for Difference” that promotes the generation of electricity from renewable sources is in line with EU state aid rules. In separate investigations, the Commission has also found that public support worth GBP 9.7 billion (around
Elia Gets Green Light for Belgian Offshore Grid
The grid operator Elia was granted a permit for the construction and operation of a high voltage offshore grid in the North Sea called “Belgian Offshore Grid” (BOG). This week Ministers approved the project that would feature two substations, with one installed on an artificial island or platform we
Financing wind farms: How the largest project finance in offshore wind was established
On May 14, 2014 the Dutch Gemini project reached financial close. After days and nights of intensive talks, serious negotiations and meticulously reviewing all contracts, all parties reached an agreement. All the ends were tied together, and everyone looked with satisfaction into a large room that w
Vattenfall Operating Profit Hits EUR 1.08 Bln
Vattenfall reported an operating profit of SEK 10 billion (EUR 1.08 billion) for the first half of the year. Availability for all types of generation was favourable, but demand remained weak, and electricity prices fell further. Operating profit was positively affected by SEK 3.1 billion (EUR 0.34 b
Isle of Wight Council: No Objection to Navitus Bay Proposal
UK Planning Committee held a meeting yesterday regarding the proposed Navitus Bay offshore wind farm. Isle of Wight Council gave no objection to the proposal but recommended requesting more information in relation to noise and ecology. The council presented the main considerations in its report: The
Isle of Wight Council: No Objection to Navitus Bay Proposal
UK Planning Committee held a meeting yesterday regarding the proposed Navitus Bay offshore wind farm. Isle of Wight Council gave no objection to the proposal but recommended requesting more information in relation to noise and ecology. The council presented the main considerations in its report: The
Iberdrola H1 Earning Down 13% to EUR 1.5 Bln
Iberdrola’s first half net earnings came to €1,503.1 million, down 13%, while Ebitda was in line with the same period last year at €3,744.7 million. Solid business performance, especially international businesses, again mitigated the negative impact of regulatory and fiscal measures in Spain which c
ABB Shows Strong Q2 Results
ABB reported strong order growth, stable revenues and a significant increase in cash from operations for the second quarter of 2014. The lower operational EBITDA margin mainly reflects ongoing project-related challenges in the Power Systems (PS) division. Orders of $10.6 billion were 14 percent high
Stakeholders Raise Concern over Swansea Tidal Lagoon
Environmental experts have raised concerns over the development of the £850m Swansea Tidal Lagoon, according to Building. Natural Resources Wales (NRW) claims the project will affect the conservation area in the bay, as well that it has the potential to cause flooding. “We do not share the same leve
Horizon Performing Navitus Bay Site Investigation
Horizon Geosciences is performing site investigation works on behalf of Navitus Bay Development Limited. DP II vessel Horizon Geobay commenced work on 30th June and was expected to stay at the site for up to three weeks. The proposed Navitus Bay Wind Park is being developed by joint venture between
Horizon Performing Navitus Bay Site Investigation
Horizon Geosciences is performing site investigation works on behalf of Navitus Bay Development Limited. DP II vessel Horizon Geobay commenced work on 30th June and was expected to stay at the site for up to three weeks. The proposed Navitus Bay Wind Park is being developed by joint venture between
Fugro Emu Services Metocean Monitoring Equipment
Fugro Emu Ltd undertook the second scheduled service and decommissioning of metocean monitoring equipment at two locations deployed within the Northern Irish Wind Resource Zone. Earlier this month, MPV Skua recovered, serviced and redeployed wave buoy and seabed frames and moorings at the first loca
Dalby’s Guests Take Ride to Greater Gabbard Wind Farm
Dalby Offshore invited guests from Waveney & Suffolk Coastal District Councils and The Enterprise Zone Coordinator from the local enterprise partnership aboard the Dalby Offshores brand new Wind Farm Support Vessel the ‘Dalby Swale’ for a trip to the Greater Gabbard Wind Farm. Also, a guest on the V
Partrac Finishes Turbulence Survey for TiME Project
Partrac, the marine data acquisition experts, has completed the first turbulence survey for the Carbon Trust-managed Turbulence in Marine Environments (TiME) project. The survey was undertaken in the Sound of Islay and was designed by Partrac with project partners, Ocean Array Systems, ABPmer, and I