As the German biggest insurance company is searching for other ways to increase income, investment in offshore wind farms may be just the right solution. After more than EUR 1.3 billion of investment in onshore wind and solar power, Allianz is considering investing in offshore wind as long as the ri
SSE is hosting an event for analysts and investors today (Wednesday 27 June) and tomorrow in Glasgow and at Clyde wind farm to present its approach to managing its large capital projects. SSE will set out the way it works to ensure that such projects are governed, developed, approved and executed in
Incoming Chief Executive of RWE, Peter Terium, said that substantial delays in Nordsee Ost offshore wind farm connection to the grid jeopardize the project’s profitability. Mr. Terium told the weekly magazine Der Spiegel that RWE is inviting the German Government to discuss possible compensation add
Green Investment Bank (GIB) has excluded wave and tidal energy from its plans and said it will focus on other projects, reports the BBC. Lord Smith of Kelvin, the new chairman of GIB, said the bank will invest GBP 3 billion budget in projects that will make a commercial return. He outlined five prio
SgurrEnergy has been selected as lender’s technical and environmental advisor to an international banking consortium for the £750m Lincs offshore wind farm. The high profile project, which is in construction, will comprise 75 Siemens SWT-3.6-120 3.6MW wind turbines when completed, and uses a pioneer
FRISIA-Offshore, located in Germany, and Offshore Wind Services BV from the Netherlands announced a cooperation agreement. The intention of FRISIA-Offshore and OWS is to invest together in new Crew Transfer Vessels through a joint venture in the coming months. This joint venture will serve as growth
German plans for shifting to renewables can be funded only to 50%, with banks having a limited ability to finance the rest when it comes to resources like offshore wind power. According to Bloomberg’s information based on the report of the HVB Group, UniCreditSpA (UCG)’s German banking unit, referre
The Scotland Report 2012 is now available. Entitled ‘Investing in Tomorrow, Working Hard Today’, it outlines investment programmes in key sectors of the Scottish economy such as offshore renewables and marine leisure. The publication of the Scotland Report and the UK Annual Report have been brought
IBERDROLA is one of the Spanish industrial groups that has best managed the effects of the current economic crisis. This reflects a strategy initiated just over a decade ago focused on international growth, with 54% of Ebitda originating outside Spain in the first quarter of this year, and also on c
Propulsion specialists, WaterMota took several orders for Doosan engines at Seawork this year – revealing that the emphasis is still on the growing market in windfarm support vessels. Mike Beacham, managing director of WaterMota, said: “Many of these vessels are in use 24 hours a day, working in ext
The Dover-based ferry operator P&O says that the Round 3 offshore wind farms in the North Sea could bring an opportunity for the company to expand its fleet, as it now has one vessel offering technical support for the Lynn and Inner Dowsing wind farms. The current vessel, which operates out of Immin
Japan, the world’s third largest economy, has firmly shifted its future energy profile towards renewable energy technologies with a decision on Monday to implement a feed-in-tariff for wind power and other renewables. Reuters reported that the new incentives for renewable energies could unleash bill
Vattenfall will invest a quarter of its planned EUR 16.6 billion into European offshore wind projects through the 2012-2016 period. Probably, the most of the EUR 4.2 billion amount will be invested in offshore wind sector in Germany and the UK, the Windpower Monthly news site informs. While waiting
Government-controlled Centrais Eletricas Brasileiras SA, or Eletrobras, could team up with China’s Three Gorges Corp. on wind-power projects, the Fox Business news site writes. Namely, Brazilian officials signed an agreement in February to work with Three Gorges which opened the possibility for comp
