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Wind Catching Systems receives investment from GM Ventures

Friday, June 17 2022

Wind Energy – Catching System

Wind Catching Systems, the developer of floating offshore wind technology, announced a Series A investment round of up to $10 million led by GM Ventures to help fund the development and commercialization of the technology.

[Read more…] about Wind Catching Systems receives investment from GM Ventures

Filed Under: Finance, GM Ventures, International News, Wind Catching Systems Tagged With: Finance, GM Ventures, Wind Catching Systems

ZITON secures a long-term and viable capital structure

Saturday, June 11 2022

Wind Energy – Capital

Lenders and shareholders of ZITON have reached an agreement which will significantly improve the capital structure and liquidity of the company.

[Read more…] about ZITON secures a long-term and viable capital structure

Filed Under: Finance, International News, Ziton Tagged With: capital, ZITON

Siemens Energy eyes buyout offer for troubled Siemens Gamesa

Wednesday, May 18 2022

Wind Energy – Bid for Shares

Siemens Energy is weighing a bid for the shares of Siemens Gamesa Renewable Energy it doesn’t already own, a long-speculated step in its efforts to turn around the troubled Spanish wind-turbine maker.

[Read more…] about Siemens Energy eyes buyout offer for troubled Siemens Gamesa

Filed Under: Finance, International projects, Siemens Energy, Siemens Gamesa, Windturbines Tagged With: Siemens Energy, Siemens Gamesa, wind turbines

Cadeler raises €86 million for newbuild WTFI vessel

Thursday, May 5 2022

Wind Energy – Installation Vessel

Cadeler has successfully completed a private placement with proceeds of 86 million EUR with the intent to add a new state-of-the art newbuild Wind Turbine Foundation Installation vessel to its fleet.

[Read more…] about Cadeler raises €86 million for newbuild WTFI vessel

Filed Under: Cadeler, Finance, installation vessel, International News Tagged With: Cadeler, Installation vessel

Van Oord records € 62 million loss in 2021

Monday, March 28 2022

General – Financial

Dutch marine contractor Van Oord has reported a € 62 million net loss for 2021 due to large loss provisions taken on three projects: the Afsluitdijk project in the Netherlands, the Saint-Brieuc project in France, and the Greater Changhua project in Taiwan.

[Read more…] about Van Oord records € 62 million loss in 2021

Filed Under: Finance, International News, Van Oord Tagged With: Finance, Van Oord

‘PowerBundle’ concept receives over £470,000 grant

Thursday, February 24 2022

General – Storage System

Subsea 7 and Dutch technology partner FLASC B.V., are pleased to be awarded a grant from the UK government Department for Business, Energy and Industrial Strategy for £471,760, to further develop an innovative offshore energy storage system.

[Read more…] about ‘PowerBundle’ concept receives over £470,000 grant

Filed Under: Energy storage system, Finance, FLASC, International News, Subsea 7 Tagged With: Energy storage system, FLASC, Subsea7

Fred Olsen Windcarrier postpones IPO

Wednesday, February 23 2022

General – Finance

Fred Olsen Windcarrier (FOWIC) has decided to put its planned flotation on the Oslo Stock Exchange on hold.

[Read more…] about Fred Olsen Windcarrier postpones IPO

Filed Under: Finance, Fred Olsen, International projects Tagged With: FOWIC, IPO, on hold

DEME’s entire long-term loan portfolio transformed into sustainability-linked loans

Wednesday, February 16 2022

General – Finance

In order to achieve DEME’s ambitious sustainability goals in all aspects of its business, the Group has undertaken the complete transformation of its long-term loans portfolio and converted them all into sustainability-linked loans.

[Read more…] about DEME’s entire long-term loan portfolio transformed into sustainability-linked loans

Filed Under: DEME, Finance, International News, sustainable-linked loans Tagged With: deme, Finance, Sustainable-linked loans

Ørsted completes 50 % divestment of Borkum Riffgrund

Friday, February 11 2022

Wind Energy – Finance

Further to Ørsted’s announcement issued on 19 October 2021, the company has today completed the 50 % divestment of the 900 MW German offshore wind farm Borkum Riffgrund 3 to funds managed by Glennmont Partners.

Filed Under: Borkum Riffgrund, Finance, Glennmont, International projects, Orsted Tagged With: Borkum Riffgrund, Glennmont Partners, Orsted

Whiffle secures €3 million to accelerate weather forecasting model

Thursday, February 3 2022

General – Weather Forecast

Whiffle, a Delft University of Technology spin-off that developed a highly accurate, localised weather forecasting model, has secured a €3 million capital injection from impact investors ENERGIIQ and SHIFT Invest.

[Read more…] about Whiffle secures €3 million to accelerate weather forecasting model

Filed Under: Finance, International News, Weather forecast, Whiffle Tagged With: sponsorship, weather forecast, Whiffle

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