Financial Arrangement
Korea Midland Power’s Shinan-Wi offshore wind power project has finalised its financial arrangements and is proceeding with the groundbreaking ceremony.
[Read more…] about Korea Midland Power begins 390MW offshore wind projectEU clears €63bn French State aid scheme for 11.1 GW offshore wind
CISAF
The European Commission has approved a €63 billion French State aid scheme to support the construction and operation of 11 offshore wind farms with a combined capacity of up to 11.1 GW, under the Clean Industrial Deal State Aid Framework (CISAF).
[Read more…] about EU clears €63bn French State aid scheme for 11.1 GW offshore windSBM Offshore completes US$465 million financing of FSO Chalchi
Financing
SBM Offshore announces that it has signed the project financing for the FSO Chalchi, totaling US$465 million.
[Read more…] about SBM Offshore completes US$465 million financing of FSO ChalchiSBM intends to divest minority interest in FSO Chalchi
General
SBM Offshore has entered into a shareholders’ agreement with its long-standing business partner Nippon Yusen Kabushiki Kaisha (NYK).
[Read more…] about SBM intends to divest minority interest in FSO ChalchiVictoria commits EUR 76.4m for offshore wind terminal
Wind Energy – Terminal
Australia’s state of Victoria has dedicated EUR 76.4m to advance the Victorian Renewable Energy Terminal at the Port of Hastings, aiming to support the development of offshore wind farms.
[Read more…] about Victoria commits EUR 76.4m for offshore wind terminalMarco Polo Marine secures $21m for offshore wind expansion
General – Finance
Marco Polo Marine raised about $21m through a private share placement to fund capital expenditure and specialised vessels supporting offshore wind projects.
[Read more…] about Marco Polo Marine secures $21m for offshore wind expansionAble Humber Ports accelerates development of port
General – Funding
Able Humber Ports announced the award of a £490,000 Industrial Strategy Zone (ISZ) Site Accelerator Grant from the Ministry of Housing, Communities and Local Government.
[Read more…] about Able Humber Ports accelerates development of portNorway backs concrete foundation production
General – Funding
AF Gruppen, Multiconsult, DOF, Semar, and NTNU have received NOK 11 million in funding to further develop their concrete foundation technology.
[Read more…] about Norway backs concrete foundation productionPreparation New York Ports for offshore wind
General – New York Port
The New York State Energy Research and Development Authority announced a $300 million competitive solicitation to support maritime port development projects aimed at strengthening the state’s offshore wind supply chain, even as the broader industry grapples with significant regulatory and financial challenges.
[Read more…] about Preparation New York Ports for offshore windADNOC secures financing for Hail and Ghasha gas development
General – Finance
In partnership with Eni and PTTEP, ADNOC announced the signing of a landmark structured financing transaction worth up to $11 billion (£8.4 billion) to monetise the future gas production of Hail and Ghasha.
[Read more…] about ADNOC secures financing for Hail and Ghasha gas development