The Blog - What’s happening in wind

Posted

11/07/2016

Author

William Rees

Dong hits key milestone with Dutch deal

Dong Energy’s latest offshore wind tender win marks a milestone moment for the sector. The Danish utility has agreed to break the €100/MWh barrier.

Earlier this month, Dong won the Dutch government’s tender to develop Borssele 1 and 2, two 350MW developments in waters off the coast of the Netherlands. In doing so, the firm agreed a strike price excluding transmission of €72.70/MWh for the first ...

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Posted

04/07/2016

Author

William Rees

Nestlé deal the latest move in corporate wind arms race

Nestlé might be best known for Kit Kat, but its commitment to the environment shows no sign of taking a break.

Last week, the confectioner announced that it was partnering with Community Wind Power to build a new wind farm to power its operations. The nine-turbine Sanquhar community wind farm in Dumfries and Galloway, set for completion in 2017, is due to produce enough electricity for 50% of N ...

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Posted

31/03/2016

Author

Robert Tomlinson

Danish drama shows public view of wind is shifting

Plenty of Scandinavian firms are making a killing in wind—and ‘killing in wind’ also happens to be the theme of a new BBC4 drama, ‘Follow the Money’.

This Danish drama follows the shady goings-on at fictional energy giant Energreen, and specifically the body washed up at one of its offshore wind farms. Given our own experience of wind, it is strange and refreshing to see the sector shown as fra ...

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Posted

30/03/2016

Author

Guest Author

Know Your Buyer: Five Investor Profiles For Beginners

Guest post by Kenn Righolt, chief executive at Green Dealflow

For a novice seller, many investors seem to have near-identical interests and concerns.

However, once we start digging deeper through interviews and negotiations, we realise how differently investors approach their investment decisions. If you are selling a project then it is obvious that you want to achieve the best possible pric ...

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Posted

24/03/2016

Author

Robert Tomlinson

Irish Coalition Makes €2.7bn Forecast Uncertain

Politics has a habit of raining on a good parade, and even the most optimistic amongst us can’t ignore the clouds of political uncertainty in Ireland.

The Irish Wind Energy Association released research at its annual conference this week that forecast developers would invest more than €2.7bn in onshore wind in the Republic of Ireland by 2020. However, political uncertainty is putting that in qu ...

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Posted

29/02/2016

Author

George Beechener

Green business is big business. Let’s not miss out.

At last, some positivity.

That has been in short supply for those working in UK wind, solar and tidal, given the slew of government policies hitting their sectors.

Yet, a largely positive prognosis for UK renewables was given by business leaders, academics and government representatives at an event held by the Westminster Environment, Energy & Transport Forum last month. Why are they so ...

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Posted

24/02/2016

Author

Guest Author

A Breath of Fresh Air for Spanish Renewables?

Guest post by Rodrigo Berasategui, finance partner, and David Diez, regulatory partner in the Madrid office of law firm Watson Farley & Williams. They advised on the €528m financial restructuring of Olivento, Spain’s largest onshore wind portfolio refinancing.

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Changes to renewable energy subsidies in Spain have led to the refinancing of a majority of portfolios in the country during t ...

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Posted

22/02/2016

Author

Richard Heap

Meet our member: George Pooley, Renewable Energy Loss Adjusters

Interested in being profiled in future? Please contact Richard Heap, editor or Joe Gulliver, membership manager.

Name: George Pooley
Job: Head of Loss Adjusting
Company: Renewable Energy Loss Adjusters

How long have you worked in renewables?
I have worked in the insurance industry for 12 years, and for approximately ten of these I have become specialised in adjusting renewable energy clai ...

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Posted

17/02/2016

Author

Anna Thorne

Troubled OWS struggles in a competitive field

German services provider Offshore Wind Solutions revealed this month it is looking to cut 100 jobs —or one-third of its workforce —after failing to secure sufficient work in the North Sea. This problem has been a long time coming.

So far, the firm’s fortunes have been tied up with the 400MW Bard Offshore 1, which is Germany’s largest operating offshore wind farm and has a troubled history. In f ...

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Posted

28/01/2016

Author

Richard Heap

Yieldco slowdown hits SunEdison-Gamesa deal

It has been a tough six months for US renewables giant SunEdison.

The company started 2015 by making a big push into wind by completing a $2.4bn buyout of US developer First Wind. It followed up by announcing a series of acquisitions across the world so it could grow in wind in emerging markets. But it has since pulled out of most of these deals after investors expressed concerns about its plan ...

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