Following recent media reports that Shell, one of the biggest oil and gas companies, will take part in Dutch tender for Borssele I and II offshore wind sites as part of a consortium also comprising Eneco and Van Oord, the move was confirmed this afternoon (12 May). The consortium informed that it ha
Sif Holding N.V., a Dutch manufacturer of foundation components for offshore wind and offshore oil & gas markets, completed the listing process on Euro Next Amsterdam on May 12. The company has sold 8 million ordinary shares priced at EUR 14, for a total of EUR 112 million. In addition, the placemen
TenneT issued its inaugural EUR 500 million Green Schuldschein, a type of privately-placed German debt similar to a bond, which will serve to finance DolWin 1, 2 and 3 projects. The offer with an initial volume of EUR 300 million was more than two times oversubscribed, which allowed TenneT to upsize
Mainstream Renewable Power is currently in arbitration with the Low Carbon Contracts Company (LCCC) over the terms of its CfD contract for the 450MW Neart na Gaoithe offshore wind farm in the outer Firth of Forth, Scotland. The project has supposedly lost the CfD due to an ongoing judicial review re
Germany’s RWE Group recorded an operating result of EUR 154 million at its renewables division in the first quarter of 2016, a slight increase compared to EUR 153 million reported for the same period a year earlier, with two newly commissioned offshore wind farms in the UK and Germany helping offset
DONG Energy intends to launch an Initial Public Offering (IPO) of its shares on Nasdaq Copenhagen this summer. The company plans to put at least 15% of its shares on the market through a partial sell-down by the current shareholders of DONG Energy other than employee shareholders. The final offer si
Wind energy can serve a quarter of Europe’s electricity demand by 2030 if policymakers take ambitious measures to reform EU power markets, WindEurope CEO Giles Dickson told the Flame conference in Amsterdam. Electricity market reform is the most important way of managing a higher share of renewables
3sun Group has opened a new base in Hull to improve the company’s position within the offshore wind installation, inspection and maintenance services market in the UK and Europe. 3sun Group will support local energy firms such as Siemens who have recently invested in the region as part of their comm
E.ON’s renewables unit recorded a 10 percent lower EBITDA in the first quarter of this year, but its Wind and Solar business’ EBITDA rose by 42 percent, mostly due to the commissioning of Amrumbank West and Humber Gateway offshore wind farms. The company expects the two offshore wind farms to give a
James Fisher Marine Services (JFMS) has won a contract for the design, manufacture, installation and maintenance of temporary pontoons at the Newhaven Port which will be used during the construction phase of the 400MW Rampion offshore wind farm. JFMS has worked closely with its sister company Mojo M
China COSCO Shipping and Belgium’s DEME have formed a joint venture to develop offshore wind energy in China. The cooperation is in line with the Chinese climate vision and its aim to develop renewable energy, both of which were recently incorporated in the 13th Five-Year Plan (2016-2020) for social
GE, which took over Alstom’s power and grid businesses last year, has its eye on another company developing offshore wind technology – Adwen – a joint venture between Gamesa and Areva that arose as a stumbling block during Gamesa’s merger talks with Siemens. On Tuesday, Reuters quoted Jerome Pecress
Norwegian ship designer and shipbuilder Ulstein plans to increase its presence in the offshore wind industry after posting a NOK 95 million loss in the quarter ended 31 March 2016 due mainly to a downturn in the offshore oil and gas sector. ”The downturn in the offshore sector and a tricky market ha
Hamburg-based wind turbine maker Senvion recorded EUR 29 million revenue generated by its offshore wind segment in the first quarter of 2016, a 3.6% increase compared to EUR 28 million offshore wind-related revenue reported for the same period a year earlier. Net firm orders for the quarter stood at
