Author: Anela Dokso

Glennmont Partners has agreed the sale of a 15 percent minority stake in Project Piiparinmäki, a 211.4 MW wind farm, to Kansai Electric Power Company. The onshore wind farm, located in central Finland, is currently under construction with COD expected in late 2021. Once operational, Piiparinmäki will be the largest wind farm in Finland. The sale of the stake in Piiparinmäki marks the first divestment from Glennmont’s €850 million Clean Energy Fund III, which achieved financial close last summer. Piiparinmäki was acquired by Glennmont from Ilmatar Energy in September 2019 in their first ever investment in the Nordic market. Eversheds…

XELLZ has secured approximately 200,000 square meters of land at the Port of Rosslare in the Republic of Ireland, to establish an offshore wind supply base. XELLZ has divided the land into zones and the entire area will be known as Rosslare Europort Business Park (EBP). Through its offshore services subsidiary 24shore and XELLZ Ireland, the company will establish an offshore wind supply base there to serve and support future offshore wind farms, bringing new energy to the region. The EBP area has been divided into five different zones which are all situated alongside the new planned access road to…

Osbit has secured a contract with Seajacks to design and build a monopile upending bucket, to be used by the vessel operator in its offshore wind turbine installation projects. The system will initially support the development of the large-scale, bottom-fixed Akita and Noshiro offshore wind farms in Akita Prefecture, part of Japan’s renewable energy expansion being developed by Akita Offshore Wind Corporation (AOW), with Kajima Corporation as the project’s EPCI contractor. The monopile upending tool will be installed on Seajacks Zaratan vessel and has been optimized to suit the monopile diameter for the wind farm project. The pile upending system…

Vestas has reported loss of €54 million, a decrease of €97 million from the previous year’s €43 million profit, as the coronavirus hit its supply chain. The quarterly intake of firm and unconditional wind turbine orders amounted to 3,311 MW. The value of the wind turbine order backlog was €15.9 billion as of March 31, 2020. In addition to the wind turbine order backlog, at the end of March 2020, Vestas had service agreements with expected contractual future revenue of €18.2 billion. Thus, the value of the combined backlog of wind turbine orders and service agreements stood at €34.1 billion.…

Ocean Power Technologies (OPT), has recently received $0.9 million of non-dilutive funding through the New Jersey Economic Development Authority’s Technology Business Tax Certificate Transfer Program. The Program enables companies to raise funding to finance their growth and operations and is administered by the New Jersey Economic Development Authority (NJEDA) and the New Jersey Department of the Treasury’s Division of Taxation. Under the Program, New Jersey-based technology and biotechnology companies with fewer than 225 US employees may be eligible to sell net operating losses (NOLs) and research and development tax credits to unaffiliated corporations up to a maximum lifetime benefit of…

Research at the National Renewable Energy Laboratory (NREL) has suggested a shift in long-haul trucking toward hydrogen, which would necessitate a coast-to-coast network of fueling stations. Hydrogen-fueled cars have become increasingly popular in California, though they still account for a tiny fraction compared to the number running on gasoline. “That’s an area industry is very much looking for help with. What are the bottlenecks? What are the challenges? What are the fueling methods and protocols that should be adopted? The addition of heavy-duty hydrogen vehicle research is important for the program, as it is a market with a big impact…

Rovco has received a long-term contract by CWind for subsea work on the East Anglia ONE offshore wind project. The Rovco team, managed by CWind, will carry out a campaign of subsea inspection and survey work on all subsea structures, informing the maintenance of the wind turbine and substation foundations. The project will utilize a combined DPII vessel and CTV solution, alongside a work class remotely operated vehicle (ROV). CWind has been awarded a multi-year contract with Scottish Power Renewables and Macquarie’s Green Investment Group to manage the below water services, including subsea maintenance, surveys and corrective maintenance, as well…

Swedish wave developer Seabased is joining the Ocean Energy Europe board of directors as a lead partner. As a member of the board, Seabased VP Marcelle Askew will play an role in steering the strategic direction of the association and in ensuring that wave energy reaches its full industrial potential. Founded in 2001, Seabased is a pioneer in wave energy technology. It built the first grid-connected multi-generator wave park with 36 generators in Sotenäs, Sweden. The company has also completed demonstration and testing projects in Sweden, Norway, Finland and Ghana. Seabased is currently working towards third party certification of its…

SINN Power plans to offer solar panel manufacturers the opportunity to demonstrate and test their PV modules on a floating platform in Iraklio, Greece, starting this summer. The goal is to internationalize SINN Power’s ocean hybrid platform as a complete off-grid energy solution to provide people near coasts worldwide with renewable energy. Based on many years of R&D of a patented floating wave energy system, SINN Power developed an extremely robust, modular yet affordable maritime structure to generate renewable energy from waves, wind and PV. “Modularity has been a key aspect since we started developing maritime technologies which allows flexibility…

MMT US, a subsidiary of MMT Group, has secured a contract from Equinor Wind US for geophysical survey services. The contract covers high resolution geophysical, benthic surveys and shallow subsurface surveys for the planning and engineering of Equinor’s lease area offshore New England. The project will be performed utilising the Stril Explorer vessel, which is equipped with the Surveyor Interceptor SROV. The SROV Surveyor Interceptor has been developed by MMT and Reach Subsea with the aim of revolutionizing geophysical surveys. For this project, the use of the SROV onboard the Stril Explorer will increase the operational window, cut operation time,…