EOLOS Gets Capital Injection
EOLOS Floating Lidar Solutions, a start-up supported by EIT InnoEnergy, has completed a significant capital injection by the entity of the Swiss investment company Prorsum AG.Rajai Aghabi, CEO and founder of EOLOS, describes the capital increase as “a significant closing for EOLOS, allowing the present team the flexibility and capability to both grow and expand globally in the market of turn-key offshore wind data measurement campaigns, not only by strengthening our financial position…
Iberdrola Sells Stake in East Anglia One to GIG
Spanish public multinational electric utility company Iberdrola has entered into an agreement with Green Investment Group (GIG), part of Macquarie Group, to sell a 40% share in the East Anglia One offshore wind farm.The group will continue to be the majority shareholder, with 60% of this offshore wind farm, which will be one of the largest in the world when it enters into operation.According to transaction terms and conditions the entire value of EAO amounts to £4.1 billion and when the wind farm is operational in 2020…
Iberdrola Profits Up with Contribution from OWF
Spanish public multinational utility company Iberdrola said that its gross operating profit (EBITDA) grew by 12.5% to €4.99 billion, due to the positive performances in the United States, Mexico and Brazil and the contribution of the Wikinger offshore wind farm, which amply offset lower contribution from the Networks and Renewables businesses in Spain and the Generation and Retail business in the UKGroup Chairman Ignacio Galán explained that “this double-digit growth highlights the success of our business model…
Cheniere Mulls Third Liquefaction Train at Corpus Christi
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said it planned to make a final investment decision to build the third liquefaction train at its Corpus Christi LNG export facility in Texas in the first half of 2018:Cheniere said on Friday its Cheniere Corpus Christi Holdings LLC subsidiary engaged financial institutions to arrange up to $6.4 billion of credit facilities. The unit already has about $4.6 billion of existing credit facilities.Cheniere said it will use the credit facilities to fund a portion of the costs of developing…
DNV GL & “The Future of Spaceship Earth”
At a presentation this morning at the United Nations in New York, Remi Eriksen, CEO, DNV GL led a presentation on “The Future of Spaceship Earth,” a global forecast on the outlook for the world to 2050. The skinny: The world needs to move further, faster on multiple fronts to ensure the sustainable future of the planet. Calling for “extraordinary action” to achieve the 17 Sustainable Development Goals (SDG’s) as presented in 2015, Remi Eriksen, CEO, DNV GL introduced “The Future of Spaceship Earth,” a global forecast on the outlook for the world to 2050, at the UN in New York this morning.
Spain Cuts Support to Renewable Energy Sector
Spain's cuts in subsidies for renewable energy will hit company revenues by about 1.7 billion euros ($2.34 billion) this year, the country's competition regulator CNMC said in a report on Monday. The government is cutting renewable subsidies as part of a drive to reduce a 30 billion euro ($41 billion) power tariff deficit built up during years of keeping prices below regulated costs. The regulator, which backed the government's subsidy changes in a report in January, said the cuts would return subsidies to similar levels as in 2011.
Sener Wins Jury Prize
Sener was awarded the jury prize from Capital magazine in recognition of work carried out by the engineering firm in the city of Bilbao,Spain. Sener’s president, Jorge Sendagorta, received the award from general manager of Innobasque José María Villate Blanco during the ceremony at Bilbao’s city hall. These awards, which recognize the efforts of organizations and institutions in areas as diverse as innovation, sustainability, development or culture, aimed to reward Sener for its "ability to reinvent itself" and for its commitment to "technology risk"…
German Offshore Wind Farm: Iberdrola Chooses Areva Turbines
Iberdrola chooses Areva Wind as preferred supplier for its Wikinger Offshore Wind Farm in German waters. Under the terms of the agreement, with construction scheduled for 2016 and 2017, Areva Wind will support Iberdrola on foundation and tower design optimization, project logistics, installation concept and project certification with regulator Bundesamt für Seeschifffahrt und Hydrographie (BSH). The Wikinger offshore wind project, currently being developed in German territorial waters of the Baltic Sea, will have approximately 400 megawatts (MW) installed capacity.
OPT to Showcase Innovation in Spain
Ocean Power Technologies, Inc. (Nasdaq: OPTT) launched of a new technology initiative to enhance the efficiency of its patented PowerBuoy wave energy systems under its existing “WavePort” project. OPT will be working with a consortium of European companies and institutions to advance the energy conversion system of the PowerBuoy device through the development of a new wave prediction model. The new system will assess the characteristics of each incoming wave before it reaches the PowerBuoy wave power station, thereby providing more time for the electronic tuning capability to react.
Iberdrola Renovables, SENER Agreement
The Spanish company Iberdrola Renovables and SENER, Ingenieria y Sistemas, have signed an agreement for the active participation of SENER in the R&D concerning floating wind turbine supports moored over deep waters -more than 50m depth. The project, named as Proyecto Emerge, has been promoted from the off-shore wind projects department at Iberdrola Renovables. The scope of the researching project includes two different phases. From the first one, consisting on the execution of all the engineering works for the development of the floating wind turbine supports…