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offshore wind

Renewables/Energy Transition

Briggs Energy strikes eight year deal with DONG Energy

Briggs Marine has won an eight year contract from DONG Energy for contingency and repair of export and array cables for offshore windfarms in the UK and Northern Europe. The deal will cover nine sites in Britain, five in Denmark and four in Germany. Briggs has formed a strong relationship with DONG Energy since last year when it provided interim repair capability for their UK windfarms.

Opinion

Opinion: Is offshore wind in the doldrums?

Earlier in the week Amber Rudd gave a parliamentary speech on the controversial curtailment of onshore wind subsidies, but at the same time gave some positive signals on future prospects for UK offshore wind.

Renewables/Energy Transition

Westernmost Rough achieves full output on UK’s east coast

Full power output has been achieved at the Westermost Rough offshore windfarm, a major renewable energy project located off the UK's east coast. Westermost Rough is capable of generating up to 210 megawatts (MW) of electricity – enough to meet the annual electricity demands of well over 150,000 UK homes. It is the first offshore windfarm to make commercial use of the Siemens 6MW wind turbine, with each of the 35 turbines in use taller than the Humber suspension bridge, the towers of which are 156m in height.

Opinion

Opinion: Changing face of energy politics

In the week before the general election on May 8, a “weel kent” and highly respected financial newspaper reported that our friends in Norway have earned more in the last quarter from their “oil fund” than the Norwegian government had actually spent. By any measure this is an astounding achievement and is testament to the Norwegian’s intelligent and strategic decision to set up the fund in the first place. Interestingly though, this event wasn’t to my knowledge reported elsewhere in the media and it certainly didn’t make it on to the mainstream television news. Perhaps though, that’s not surprising because, of course, although it may not be repeatable every quarter, it would have reflected very badly on all those unionist politicians who have worked so hard over the past few decades to deny Scotland the financial security that Norway has now so brilliantly achieved.

Renewables/Energy Transition

Offshore windfarm fund nets £463million

More than £460 million has been raised for the world’s first dedicated offshore wind fund to invest in wind farms off the UK’s coasts. The UK Green Investment Bank said £463 million in capital had been committed by investors including UK pension funds and a sovereign wealth fund in the first stage of fundraising for a planned £1 billion fund to invest in offshore wind farms. The Government-backed bank is also investing £200 million in the fund, which is managed by its subsidiary the UK Green Investment Bank Financial Services Ltd, and said that with fundraising continuing it expected to meet the £1 billion target. It has transferred its investments in two existing offshore wind farms into the fund, which will give investors an immediate cash yield.

Renewables/Energy Transition

UK Government approves offshore wind project

An offshore wind project which could support up to 900 jobs and millions of pounds of investment has been given the go-ahead. The Dogger Bank Creyke Beck A and B wind project will include up to 400 wind turbines around 130 kilometre off the coast of the East Riding of Yorkshire. With a maximum capacity of 2400MW it will generate enough electricity to power almost two million homes once built.

Renewables/Energy Transition

Supreme Court ruling on Shetland windfarm due

The Supreme Court will deliver its verdict on a controversial windfarm on Shetland on Monday. Sustainable Shetland is fighting a decision by Scottish Ministers to approve the 103 turbine Viking windfarm. The long-running legal wrangle began when Sustainable Shetland brought a judicial review against the Scottish government’s decision in April 2012 to grant consent for the windfarm, which is jointly-owned by Shetland Charitable Trust, Scottish Southern Energy and four local businessmen.

Renewables/Energy Transition

Report calls for government to end offshore wind farm investment

The coalition’s industrial strategy is little more than “economic tinkering“ that will fail to tackle the trade deficit, according to a report. Vince Cable’s plans lack ambition and will not tackle the structural problems in Britain’s economy, think tank Civitas claimed. It accused the Business Secretary of setting objectives that are too easy to achieve and failing to address the problems that need to be solved to make Britain’s recovery export-led.