Innogy Becomes Sole Owner of Triton Knoll Wind Project
Innogy buys 50 pct stake from Statkraft; Triton Knoll will cost about 2 billion pounds. Innogy, Germany's largest energy group, became the sole owner of a 2 billion pound ($2.64 billion) British offshore wind farm project after buying out Norway's Statkraft, it said, adding the final ownership structure could still change. The purchase of a 50-percent stake in Triton Knoll for an undisclosed sum follows state…
Innogy Issues $1 Bln Bond to Fund Wind Farms
Innogy, Germany's largest energy group, on Thursday issued a 850 million euros ($1.01 billion) corporate green bond to refinance wind power projects in Europe, it said. Proceeds of the bond, which has a 10-year maturity, will be used to refinance four offshore wind farms in Britain and Germany as well as an onshore wind farm in the Netherlands that is either under construction or already operating. The bond was met with "strong interest from investors and was oversubscribed several times", Innogy said.
Innogy to Push Windfarms, Electric Car Charging in U.S
Innogy, Germany's largest energy group, is looking at the United States market to expand its renewable energy and electric car charging business, its chief executive told German weekly Welt am Sonntag. "We want to invest around 6.5 billion euros between 2016 and 2018," Chief Executive Peter Terium told the paper, adding that investments will include grid networks and infrastructure but also wind farms in Germany, Poland, the Netherlands and electric car charging stations in the United States.
Engie Not Interested in Innogy
French gas and power group Engie is not interested in making a bid for German energy group Innogy, French BFM TV reported on its website, quoting a source close to Engie. Innogy shares rose and Engie stock fell on Tuesday following a report by Bloomberg late on Monday saying Engie was weighing a bid for networks, renewables and retail group Innogy, in which German utility RWE holds a 76.8 percent stake. "We…
Innogy Forges Ahead with U.S. Wind Plan
Innogy, Germany's largest energy group, sees no reason to scrap plans to enter the U.S. onshore wind market, its chief executive said, unimpressed by worries over future support of renewables in the wake of Donald Trump's presidency. "We are not in waiting mode in the United States. We are relatively advanced," Peter Terium told journalists at the annual Handelsblatt energy conference. "We do it because wind is a competitive technology in the United States…
LDD Completes Relief Drilling Campaign
LDD, an Acteon company, has successfully completed drilling monopile foundations for RWE Innogy’s Gwynt y Môr Offshore Wind Farm, North Wales, UK. LDD has been working on the project since 2011, when it designed, built and delivered one of the world’s largest reverse circulation drill rigs, the LD5000, within 10 months. Because of the pile design, the LD5000 – capable of drilling up to 8 m – had to relief drill tapered piles using underreamers to fit a 4.6 m gap, then open up to a maximum 6 m.
EP Tools, CWind Win Nordsee Ost Contract
EP Tools, a Danish company with more than 15 years of experience in working with developers and construction companies in the wind and oil and gas industries, and CWind, a provider of services to the offshore wind industry, announced that they are to provide temporary power supply at NordSee Ost offshore wind farm in Germany. EP Tools will provide more than 50 generators while CWind is using its vessels and technicians to provide the project management, servicing, maintenance and refueling.
UK Approves New Gas-fired Power Plant
The British government said on Friday it had approved the development of a 470-megawatt (MW) gas-fired power station at North Killingholme in northeast England, proposed by power plant developer C.Gen. The government's planning inspectorate also granted approval for a 96-MW onshore wind farm at Clocaenog Forest in Wales, spearheaded by RWE Innogy, and the Thames Tideway Tunnel, a new sewer system for London proposed by Thames Water.
Fugro Win Two Offshore Wind Farm Trenching Contracts
Fugro say they have been awarded two contracts to perform cable burial and survey operations at two wind farm sites in the UK. The first contract is for CT Offshore A/S at RWE Innogy's Gwynt y Môr Offshore Wind Farm located in Liverpool Bay off the North Wales coast. The work involves the burial and post-burial survey of 63 inter-array cables. The second contract is a similar work-scope at a wind-farm located off the UK East coast.
UK's Huge Atlantic Array Wind Farm Project Dropped
Developer RWE Innogy is pulling the plug on the 240-turbine Atlantic Array project, report BBC News citing a Department of Energy and Climate Change (DECC) source. The 222m (721ft) tall turbines, planned to be situated in an area 200 sq km, (77 sq miles) about 16.5km (10 miles) from the north Devon coast, 22.5km (14 miles) from south Wales coast and 13.5km (8 miles) from Lundy Island nature reserve, would be capable of producing enough electricity for up to 900,000 homes.
Triton Knoll Offshore Wind Farm Picks MHI Vestas Turbines
The consortium planning to build Britain's Triton Knoll offshore wind park has chosen to buy 90 giant turbines from MHI Vestas, it said on Monday. A final investment decision for the wind park, in Britain's North Sea, is likely in 2018 with full onshore construction starting shortly after, and offshore construction starting in 2020, it added. The 9.5 megawatt turbine, made by a joint venture between Japan's Mitsubishi Heavy Industries and Denmark's Vestas…
Forewind Scales Back World's Largest Offshore Wind Project Plans
Forewind has scaled back by a third plans to build wind farms at Dogger Bank in Britain's North Sea, which could nevertheless become the world's largest wind project, it said on Friday. Forewind -- a consortium of energy companies RWE Innogy UK, SSE, Statkraft and Statoil -- gave no specific reason for the decision. It had secured licenses from Britain's Crown Estate to build six projects at the Dogger Bank offshore zone of 1.2 gigawatts (GW) of electricity each.
CWind Appoints Global Head of SHEQ
CWind announced it has created a new role in the business to ensure that it continues to develop and maintain high levels of safety, health, environmental and quality (SHEQ) as it expands its global footprint. Kevin ‘Pat’ Paton has been appointed to the role of Global Head of SHEQ, making him responsible for the SHEQ functions of CWind Ltd and its subsidiary companies within the U.K. and Germany. This new…
UK Energy Market Watchdog to Review Supply Licences This Year
Britain's energy market regulator Ofgem will review the way it awards supply licences and financial requirements on energy suppliers later this year, it said, following calls for firms to undergo stricter financial stress tests. In a speech on Thursday, Ofgem Chief Executive Dermot Nolan said there had been a lot of interest in the energy sector's financial stability due to the increasing number of suppliers, many of which are very small.
Shell Mulls British, German Offshore Wind Deals
Royal Dutch Shell wants to buy into the British and German offshore wind markets as it attempts to shift its business away from fossil fuels. Immediate opportunities in the world's biggest offshore wind markets will be through buying stakes in leases, rather than building new projects, Dorine Bosman, business operations manager for Shell's wind business, told Reuters on Tuesday. The world's second-biggest…
Study Targets Reduced Offshore Wind Costs
Xodus Group, Cathie Associates and UTEC Geomarine have formed an industry leading consortium to deliver a study which will aim to reduce the costs of generating electricity from offshore wind farms in U.K. waters. The Carbon Trust’s Offshore Wind Accelerator (OWA), which brings together nine offshore wind developers (DONG Energy, E.ON, Mainstream Renewable Power, RWE Innogy, ScottishPower Renewables, SSE Renewables…
79,000 Acres Offshore New York Auctioned for Wind Energy Development
Furthering President Obama’s comprehensive Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper today announced the completion of the nation’s sixth competitive lease sale for renewable energy in federal waters. Today’s lease sale offered 79,350 acres offshore New York for potential wind energy development.
DONG Energy to Exit O&G Business
Danish energy group DONG Energy plans to quit the oil and gas business to focus solely on offshore wind power, just five months after giving the impression it would maintain its presence in oil and gas when it listed in Copenhagen. The company, the world's biggest operator of offshore wind power, had considered selling its oil and gas business in the past, but announced in January, prior its June 9 initial public offering (IPO), that it would not. Last month it said it was reconsidering a possible sale.
Dogger Bank Ownership Structure Announced
The ownership arrangements for the four consented Dogger Bank offshore wind projects have been agreed and signed by the three Forewind shareholders, innogy, SSE and Statoil. Offshore wind consortium Forewind was awarded consents for 4.8 gigawatt (GW) of offshore wind development at Dogger Bank in the North Sea in 2015. The consents comprised four individual 1.2GW projects. SSE and Statoil together will each own 50 percent of the three projects: Dogger Bank Creyke Beck A…