Today, the Court of Appeal in London has ruled that MT Højgaard is not liable for the costs of repairing the foundations for the Robin Rigg offshore wind farm, off the Scottish coast. In April 2014, the first ruling went against MT Højgaard, but an appeal was filed, and the Court of Appeal has now [
Dong Energy has issued hybrid securities of EUR 600 million with first par call date on 6 November 2020. The new issuance is a refinancing of the existing hybrid security issued in 2005, which will be called on its first par call date being 29 June 2015. The maturity date for the hybrid securities i
The wind turbine manufacturer Senvion SE, previously part of the Indian group Suzlon Energy Limited, has changed owners. Centerbridge Partners, L.P., through its Centerbridge Capital Partners private equity investing strategy, has completed the acquisition of Hamburg-based Senvion. All the necessary
Community or voluntary groups, charities, and town and community councils can apply for grants of between £2,000 and £10,000 from the Rhyl Flats Offshore Wind Farm Community Fund. Grants can be used for capital and or revenue projects which: promote community spirit and encourage community involveme
RentOcean has signed a EUR 15 million revolving term loan facility provided by NIBC Bank N.V. The facility matures in 3 years after the facility start date. Proceeds of drawdowns under the facility will be used for investments in new rental equipment. “In line with our strategy of further enhancing
Iberdrola recorded first quarter Ebitda of €2,136.3 million, a rise of 8.8%, while net earnings were stable at €840.8 million (-0.7%). Recurring net profit rose 7.2% to €795.9 million. These results were made possible by growth in international businesses, which increased their contribution to Ebitd
Dong Energy has denied recent suggestions of selling its offshore wind turbine division prior to an initial public offering. “It has been important for us to maintain our wind strategy,” said Chief Financial Officer Marianne Wiinholt. According to Bloomberg, Dong had plans to spin off the wind unit
The U.S. Energy Department (DoE) has announced $10.5 million in available funding to support the design and operation of innovative marine and hydrokinetic (MHK) systems through survivability and reliability-related testing of these systems. Such advances will help these devices harness even more su
Atlantis has reached an agreement to acquire the Bristol based tidal business, Marine Current Turbines Limited (MCT) from Siemens. MCT was the company to installation and commission the world’s first commercial scale tidal turbine in 2008. The SeaGen S 1.2MW turbine, located in Strangford Narrows in
The company developing Swansea Bay tidal project, Tidal Lagoon Power, has appointed Andrew McNaughton as a new Director of Engineering and Construction. In his new role, McNaughton will be responsible for delivering major infrastructure asset into operational service. He held a range of executive po
Lower production volumes and continued falling electricity prices had a negative effect on Vattenfall’s earnings during the first quarter. Profit after tax fell to SEK 4,987 million (EUR 531.37 million) compared to the same period last year of SEK 8,205 million (EUR 874.10 million). However, the wor
Following news that Siemens handed over the High Voltage Direct Current (HVDC) offshore grid connection SylWin1 to TenneT yesterday, Prysmian Group announced that it has successfully commissioned the project in a contract with TenneT. Prysmian secured this project in January 2011 as part of overall
DONG Energy is seeking views of local people on a proposed Community Fund, worth up to £660,000 each year, which will to be set up if the company goes ahead with the Walney Extension offshore wind farm. The proposed 660MW Walney Extension Offshore Wind Farm was approved consent by the Secretary of S
Sembmarine SLP has awarded a contract to Manchester-based Granada Material Handling Ltd (GMH) to manufacture, deliver and commission two davit crane units for Siemens’ Transmission and Distribution Platform at the Dudgeon offshore wind farm. Each of the Granada ‘Python’ crane units have been specifi
