Balfour Beatty has sold 33.3% of its interest in the Greater Gabbard Offshore Transmission (OFTO) project for a consideration of £25.5 million. The investment is being acquired by funds managed by Equitix, an investor and fund manager of core infrastructure assets. The consideration is to be paid in
After an expected contraction in 2016, the global offshore wind market is expected to show strong long-term growth at a 19% Compound Annual Growth Rate (CAGR) from 2015 to 2024, mainly driven by key European markets and China, according to a ‘Global Offshore Wind Power 2015’ report published by rene
TenneT has signed framework agreements for the future supply of Gas Insulated Switchgear (GIS) with Alstom Grid Netherlands, and the supply of power transformers with CG Power Systems Belgium, for the Dutch offshore power grid. This equipment will form the ‘heart’ of five offshore platforms that wil
German utility RWE will transfer its renewables, grids and retail operations at home and abroad to a new subsidiary and list it on the stock market probably in late 2016. RWE intends to offer some 10 percent of the new company’s share capital to the public in connection with a capital increase, with
Australia’s Stonehenge Metals Limited and the California Polytechnic University at San Luis Obispo (Cal Poly) have agreed to jointly plan and execute the deployment of a staged ocean wave energy and energy storage micro-grid project at Cal Poly Research Pier at Avila Beach. The project is expected t
Lancashire-based VolkerInfra has been awarded its first contract with Siemens Energy which will see the company work on the Dudgeon Offshore Wind Farm. The company will install extra high voltage cables required to connect the onshore substation to the wind farm which is off the Norfolk coast. Volke
The UK Government will secure funding for three offshore wind auctions by 2020 under the condition that the industry further cuts down the costs. This was announced by the UK Energy and Climate Change Secretary Amber Rudd, who revealed a new direction for UK energy policy today, setting out her poli
Denmark-based offshore wind power developer DONG Energy plans to invest GBP 6 billion in the Humber region over the period of 2013 – 2019, according to a new report released during the UK’s first Offshore Wind Week. The report titled Impact of DONG Energy Investments in the Humber Area shows that ov
The UK government has announced plans to close all unabated coal-fired power stations by 2025 and restrict their use by 2023. The government will consult early next year on when to close all unabated coal-fired power stations. Announcing the decision ahead of a speech which will set out a new direct
The European Wind Energy Association (EWEA) has organized a session titled The Place of Wind Energy in COP21 at its annual conference held in Paris. The session is co-ordinated by the French Wind Energy Association (FEE), and dedicated to discuss the place of wind energy in the current climate chang
First German Floating Foundation Secures Grid Connection German engineering consultancy Gicon has received permission from a governmental agency to feed 2.3MW of grid connection capacity through the country’s first floating offshore foundation – GICON®-SOF. RWE-Led Consortium to Bid for Dutch Borsse
German municipal utility Trianel has partnered up with compatriot Gesy Green Energy Systems to jointly market and sell the electricity produced at the 200MW Trianel Wind Farm Borkum situated in the North Sea. With the latest agreement, the combined portfolio of the two companies now stands at 3.5GW.
German municipal utility Trianel has partnered up with compatriot Gesy Green Energy Systems to jointly market and sell the electricity produced at the 200MW Trianel Wind Farm Borkum situated in the North Sea. With the latest agreement, the combined portfolio of the two companies now stands at 3.5GW.
A windy and rainy summer in Scotland and Ireland helped the Perth-based energy company SSE plc improve its total operating profit and profit before tax for the six months to September 30 2015, with over one third of the company’s energy output coming from renewables. SSE reported GBP 701.9 million t
