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Business & Finance

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LEEDCo-Nighttime-Turbine-Restrictions-May-Be-Fatal-for-Icebreaker
Business & Finance

LEEDCo: Nighttime Turbine Restrictions May Be Fatal for Icebreaker

The decision of the Ohio Power Siting Board (OPSB) that turbines at the Icebreaker offshore wind farm in Lake Erie must be shut down during nighttime hours “may well be fatal to the entire project”, according to developer Lake Erie Energy Development Corporation (LEEDCo). As reported, OPSB recently

about 6 years ago
European Energy Gets OK for Danish Offshore Wind Pair
Business & Finance

European Energy Gets OK for Danish Offshore Wind Pair

European Energy has received the approval of the environmental impact assessments (EIA) for its Omø South and Jammerland Bay offshore wind projects in Denmark. With the approvals, European Energy said it is now ready to start the development phase of the two projects. ”We are very satisfied to recei

about 6 years ago
Australia’s First Offshore Wind Project Needs Environment Effects Statement
Business & Finance

Australia’s First Offshore Wind Project Needs Environment Effects Statement

The Victorian Minister for Planning has decided that an Environment Effects Statement (EES) is required for Star of the South, the first offshore wind project in Australia. The Minister explains that the project has the potential for a range of significant effects on native vegetation, habitat of te

about 6 years ago
Germans Appealing for 2 GW Offshore Wind Tender
Business & Finance

Germans Appealing for 2 GW Offshore Wind Tender

Germany’s WAB, Greenpeace Energy and H2BX are calling for the special 2 GW offshore wind tender to be implemented quickly and that areas be put out to tender before the end of the year. In a letter to German Chancellor Angela Merkel and Federal Minister of Economics Peter Altmaier, the parties claim

about 6 years ago
A black-white photo of PFA building
Business & Finance

PensionDanmark, PFA and SEAS-NVE Ready to Finance VindØ Energy Island

A consortium comprising PensionDanmark, PFA and SEAS-NVE said it was ready to finance the VindØ energy island in the North Sea. The consortium would initially contribute with up to DKK 400 million (EUR 53.6 million) to develop the project. Copenhagen Infrastructure Partners, an investment company be

about 6 years ago
ST Engineering, Nauti-Craft Join Forces on Offshore Wind CTVs
Business & Finance

ST Engineering, Nauti-Craft Join Forces on Offshore Wind CTVs

ST Engineering Marine and Nauti-Craft have signed a Letter of Intent (LOI) to jointly develop and supply new crew transfer vessels. Primarily, the two companies aim to explore the opportunity to incorporate Nauti-Craft’s marine suspension technology into vessels built by ST Engineering. As a further

about 6 years ago
India's Power Houses to Jointly Develop Offshore Wind Projects
Business & Finance

India’s Power Houses Sign Offshore Wind Pact

India’s NTPC Ltd. and Oil and Natural Gas Corporation Limited (ONGC) have signed a Memorandum of Understanding (MoU) to set up a joint venture company for the renewable energy business. As per the MoU, NTPC and ONGC will explore the setting up of offshore wind and other renewable energy projects in

about 6 years ago
Innogy Gives Dublin Array Status Report
Business & Finance

Innogy Gives Dublin Array Status Report

Innogy is planning to commence stakeholder and community consultations for the Dublin Array offshore wind project in Ireland early this autumn. The wind farm is currently in the development phase, and data gathering will continue until the summer to refresh the environmental reporting and project de

about 6 years ago
QAn offshore wind farm with TenneT's platform in the back
Business & Finance

Germany Considers Taking Minority Stake in TenneT

TenneT is supporting the possibility of Germany taking a minority stake in the organization. In a letter to the Dutch Lower House of Parliament, Finance Minister Wopke Bastiaan Hoekstra presented his preferred scenario for meeting TenneT’s capital requirement as a result of rising investments, due t

about 6 years ago
Denmark Proposes Energy Islands in Climate Action Plan
Business & Finance

Denmark Proposes Energy Islands in Climate Action Plan

The Danish government is proposing to build two energy islands in the North and Baltic Seas by 2030 in its Climate Action Plan. The plan includes using the Bornholm island in the Baltic Sea as a 2 GW energy island, as well as establishing a 2 GW artificial energy island in the North Sea that [&helli

about 6 years ago
IX Wind Opens Tokyo Office
Business & Finance

IX Wind Opens Tokyo Office

The Netherlands-based consultancy and engineering company IX Wind has opened an office in Tokyo, Japan, with an aim to service the APAC renewables market. Earlier this year, IX Wind signed a Memorandum of Understanding (MoU) with TÜV SÜD for collaboration in the Japanese wind energy market. The deal

about 6 years ago
Natural Power Bolsters Offshore Team
Business & Finance

Natural Power Bolsters Offshore Team

Renewable energy consultancy and service provider, Natural Power, has appointed Rick Campbell as Head of Offshore. Campbell will lead the development of Natural Power’s offshore business and explore new opportunities both within the UK and internationally. He is joined by Erlend Christiansen as Offs

about 6 years ago
A photo of Arklow Bank offshore wind farm in Ireland
Business & Finance

Ireland Speeds Up Seven Offshore Wind Projects

The Irish government has designated seven offshore wind projects as relevant, meaning they will be fast-tracked through the new marine planning regime. The selected projects include the Oriel, innogy’s Bray and Kish Banks, Codling I and II, Skerd Rocks and North Irish Sea Array (NISA) wind farms. Th

about 6 years ago
A photo of Siemens Gamesa turbines at sea, selected for Formosa 2 offshore wind frm
Business & Finance

Stonepeak Enters Mezzanine Debt with AMP to Back Taiwan Offshore Wind Investment

New York-based Stonepeak Infrastructure Partners has entered a USD 145 million mezzanine debt agreement with AMP Capital to support the acquisition of Swancor Renewable Energy and the construction of the Formosa 2 offshore wind farm in Taiwan. “The transaction represents our first infrastructure deb

about 6 years ago
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