Mabey Bridge under threat
Steel fabricator Mabey Bridge has put its renewable energy business on the market, as part of a major restructuring that will also see its Chepstow factory close.
Steel fabricator Mabey Bridge has put its renewable energy business on the market, as part of a major restructuring that will also see its Chepstow factory close.
Steel fabricator Mabey Bridge has put its renewable energy business on the market, as part of a major restructuring that will also see its Chepstow factory close.
The Green Investment Bank (GIB) has purchased a 20% stake in Scira Offshore Energy Limited (Scira), the owner of Sheringham Shoal offshore wind farm. The GIB paid £240 million to acquire the stake from owners Statkraft and Statoil.
Port operator ABP has announced it is starting a High Court challenge over the government’s development consent for Europe’s largest offshore energy park, which involves an area of land the company owns on the Humber estuary.
Balfour Beatty is to become the offshore transmission owner (Ofto) at the 300MW Thanet wind farm off the Kent coast. The company will acquire the asset for £164 million.
Dong Energy has announced it has taken a final decison to construct the Burbo Bank Extension located 8km off the coast in Liverpool Bay. The project has a "FID-enabling" Contract for Difference.
First Flight, the only offshore wind farm proposed for connection to Northern Ireland, has been cancelled. The project was under development by a consortium comprising Dong Energy, B9 Energy and RES Offshore.
ABB hopes to see a breakeven fourth quarter in 2014 for its troubled power systems business, the company said during an investor day in September.
Ofgem has assessed the transfer value for the connection to the Lincs wind farm, offshore of Skegness, at £307.7 million, £27.5 million less than developers had requested.