Offshore Wind
PGGM, Ampere Refinance Walney OWF Debt
Facilities put in place by Dutch pension fund PGGM and Ampere Equity Fund for the Walney offshore wind farm in 2012, which enabled the two investors to own 24.8% stake in the project through their investment vehicle OWP, have been refinanced with the transaction closing on 15 December. In 2012, when
Race Bank Farm-Down Lifts DONG’s 2016 Guidance
Denmark’s DONG Energy has increased its group operating profit (EBITDA) guidance for 2016 to DKK 24-25 billion from a previous range of DKK 20-23 billion. The company’s Wind Power division is now expected to report EBITDA towards the high end of the DKK 10-12 billion range. DONG has also specified i
Southern Denmark Backs Offshoreenergy.dk with EUR 3.1 Million
The Region of Southern Denmark has granted a subsidy of DKK 23 million (approx. EUR 3.1 million) to Offshoreenergy.dk for the period 2017-2019 to further drive development in the offshore industry and activities in the offshore sector. The grant will cover the following new cluster activities in the
Taipower Plans 1,010MW of Offshore Wind in Changhua County
Taiwan Power Co. (Taipower) and Changhua County Government yesterday signed a Memorandum of Understanding (MOU) for the development of a series of renewable energy projects in the county, including offshore wind. The state-owned utility plans to invest around USD 6.25 billion in the construction of
Belgium to Start Building Maritime Research Centre
The construction of a new maritime research centre in the industrial area of the Port of Oostende will start early next year. The centre will house a wave pool and a towing tank for research into the impact of waves, tides and wind on ships and objects at sea. The wave pool is a 30 x 30-meter [&hell
Belgium to Start Building Maritime Research Centre
The construction of a new maritime research centre in the industrial area of the Port of Oostende will start early next year. The centre will house a wave pool and a towing tank for research into the impact of waves, tides and wind on ships and objects at sea. The wave pool is a 30 x 30-meter [&hell
Fraunhofer IWES Secures Funds for Offshore Wind Turbine Test Field
German Federal Ministry for Economic Affairs and Energy (BMWi) has awarded Fraunhofer IWES with an EUR 18.5 million grant for the development of an offshore wind turbine test field in Bremerhaven. The test field is set to start operating in early 2017, the German research institute said, with constr
Imenco Enters Offshore Wind Market, Launches New Business Unit
Imenco AS has launched a new division – Imenco Corrosion Technology – which will provide anode systems to the offshore renewable energy sector and to late life assets in the oil and gas industry. After more than a decade of working in Norwegian oil and gas sector, where Imenco’s corrosion protection
EU Clears Germany’s Renewable Energy Auctions Scheme
The European Commission has found amendments to the German Law on support to the production of renewable electricity (EEG 2017), which stipulate that support will mainly be granted through competitive auctions and not through feed-in tariffs from 2017 onward, to be in line with EU state aid rules. T
EU Clears Germany’s Renewable Energy Auctions Scheme
The European Commission has found amendments to the German Law on support to the production of renewable electricity (EEG 2017), which stipulate that support will mainly be granted through competitive auctions and not through feed-in tariffs from 2017 onward, to be in line with EU state aid rules. T
Danes Developing Drone UXO Hunter
Technical University of Denmark (DTU) has teamed up with compatriot drone company Sky-Watch to develop a drone with magnetometers capable of mapping mines in former war zones, which will initially be used to identify potential unexploded ordnance (UXO) along the power cable routes of future offshore
Germany Smashes Offshore Wind Power Production Record
German offshore wind farms are expected to generate 13 billion kWh of electricity in 2016, a 57 percent jump compared to 8.3 billion kWh generated by wind farms off Germany in 2015. The estimate was released by the country’s Federal Association for Energy and Water Management (BDEW) and the Center f
Bureau Veritas Issues Guidelines for De-Risking Floating Wind Projects
International classification society Bureau Veritas has published a set of guidelines to reduce and manage risk as ocean engineering requirements develop in the growing marine renewable energy sector. The guidelines, NI 631 “Certification Scheme for Marine Renewable Energy Technologies”, cover float
Bureau Veritas Issues Guidelines for De-Risking Floating Wind Projects
International classification society Bureau Veritas has published a set of guidelines to reduce and manage risk as ocean engineering requirements develop in the growing marine renewable energy sector. The guidelines, NI 631 “Certification Scheme for Marine Renewable Energy Technologies”, cover float