E.ON has secured an 86.2% share in innogy after completing the voluntary public takeover offer (PTO) to the company’s minority shareholders.
German state-owned bank, Kreditanstalt für Wiederaufbau (KfW), has agreed to acquire a 20% stake in compatriot transmission system operator 50Hertz Transmission GmbH.
Naval Energies has decided to stop investing in tidal energy, a market said to be in the process of closing, and focus on floating offshore wind, as well as ocean thermal energy conversion.
Siemens Gamesa’s offshore wind order intake reached a peak in the third quarter of the fiscal year 2018 with 1,368MW in firm orders, due to agreements to supply 165 turbines for Hornsea Project Two and 120MW for the Formosa I Phase II offshore wind project.
Installation of new wind energy projects in the U.S. will significantly increase between 2018 and 2020, before annual installation volumes decline as the production tax credit (PTC) phase-out begins, according to MAKE Consulting.
The New Jersey Board of Public Utilities (NJBPU) has proposed a rule that would establish an offshore wind funding mechanism known as an Offshore Wind Energy Certificate (OREC).
TenneT invested EUR 904 million in Dutch and German high-voltage grids in the first half of 2018, which represents an increase compared to EUR 750 million in the first half of 2017, according to the company’s latest financial report.
Spain’s Iberdrola reported a 25.5% increase in the gross operating profit (EBITDA) in its Renewables business unit in the first half of 2018, driven by increased production and the contribution of the Wikinger offshore wind farm in the German Baltic Sea.
More than 70 companies and institutions, including some of the leading offshore wind developers and equipment manufacturers, have called for the development of 3GW of floating offshore wind in the French Mediterranean by 2030.
Ørsted has opened the second round of the Walney Extension community skills fund, dedicated to Science, Technology, Engineering and Maths (STEM) organizations around coastal areas of Lancashire and Cumbria, UK.
The UK government plans to set out the parameters of the next year’s Contracts for Difference auction later this year, Energy and Clean Growth Minister Claire Perry said.
Oil & gas giant Shell has filed the required documents to qualify for bidding at an upcoming offshore wind lease sale in Massachusetts, due to take place this fall, according to Bloomberg Environment.
Portugal’s ASM Industries has signed a EUR 4.5 million investment agreement with an undisclosed institutional investor for ASM Offshore – the company’s offshore wind foundations and towers manufacturing unit.
The UK government has committed to opening the Contracts for Difference auctions for offshore wind every two years from 2019 throughout the 2020s.
