Effective from 7th March 2014, DORIS Engineering has purchased the 50% interest in Offshore Design Engineering Ltd (ODE), previously held by Saipem, with ODE now being fully owned by DORIS. ODE, a UK engineering consultancy and design contractor in the upstream oil and gas sector and offshore renewa
Energinet.dk has signed contracts with ABB and Prysmian for the supply of 220kV high-voltage cables to transport power from the Horns Rev3 offshore wind farm in the North Sea into the Danish electricity grid. ABB will supply the33 km long submarine cable for the connection of the wind turbines to th
Rahul Goyal and Cassandra Mathews of KordaMentha Restructuring have been appointed Receivers and Managers of the wave energy development company, Oceanlinx. This appointment followed the appointment of David Ross and Brent Kijurina of Hall Chadwick as Administrators of the company. The Sydney-based
Recent economic study into the cost profile of power from tidal lagoons has found that a portfolio of three UK tidal lagoons, in operation by 2021, would deliver large-scale low carbon power at a significantly cheaper price than offshore wind. Energy economists at Pӧyry, a management consultancy, id
Less than 15 months after setting up in the Canary Islands, Langlee has signed agreements with clients, local government, and technology partners. Industrial partners and investors are now invited to participate in the commercialisation phase. Canary Islands Regional Minister of Employment, Industry
Following the approval from all relevant authorities, MHI Vestas Offshore Wind has been formally established as of 1 April 2014. The joint venture is responsible for the design, further development, procurement, manufacturing, installation, commissioning and service related to the V164-8.0 MW turbin
Slaughter and May advised DONG Energy on its proposed disposal of a 50% interest in the 210MW Westermost Rough offshore wind farm to a joint venture established between Marubeni Corporation and UK Green Investment Bank plc. The law firm also advised the energy company on the terms of certain related
Vestas signed and completed a new five-year revolving credit facility on 31 March 2014 at a total amount of EUR 1bn. The facility has been successfully increased from the originally agreed total of EUR 850m and is now arranged by a group of six banks comprising of Nordea, DNB, HSBC, SEB, Société Gén
Navitus Bay Development Ltd (NBDL) yesterday officially entered into ‘memoranda of understanding’ (MOU) with three local ports – Poole, Yarmouth and Portland. These formal agreements commit the developer to undertaking studies with the ports that will explore how their facilities could be best used
WWF-UK has commented on the news that the Green Investment Bank is to invest £461m in construction stage projects in the UK offshore wind sector. Nick Molho, head of climate and energy policy at WWF-UK, said: “The Green Investment Bank’s decision to invest in two offshore wind projects and support t
ESG Edelstahl und Umwelttechnik Stralsund GmbH will begin the construction of a transport structure intended for rotor blades of offshore wind turbines for EnBW Baltic 2 GmbH in April 2014. Specialist company ESG will build the so-called “Blade Rack System” at the Volkswerft shipyard in Stralsund wi
RWE Innogy has today agreed terms for the sale of a 10% share in its Gwynt-y-Mor offshore wind farm with the UK Green Investment Bank. RWE Innogy will generate £220m of new capital as a result of the sale, which will be reinvested into other renewable energy projects within its extensive portfolio.
Maf Smith of RenewableUK backed the offshore wind investment announcements made today by the Green Investment Bank. The announcements stated the Green Investment Bank was investing jointly with the Marubeni Corporation to purchase a 50% share in Dong Energy’s Westermost Rough wind farm, which is bei
German wind farm developer PNEWIND AG has published its annual report for 2013, which turned out to be the most successful fiscal year in the company’s history. At the same time, the company has significantly expanded its operational activities in the first quarter of 2014. “2013was not only an outs
