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DNV GL's Windfloat Atlantic Due Diligence Completed (Ind. Report)
DNV GL,Windplus
Date: 2018-11-09
Energy advisory and certification specialist DNV GL is reporting completion of a lenders' technical due diligence on the 25-MW Windfloat Atlantic floating wind farm project now under construction off the coast of Portugal.

DNV GL's technical due diligence reportedly helped secure the €60 million from the European Investment Bank so the project could become the world's first project-financed floating wind farm.

The project is being developed by Windplus and will incorporate three 8.4-MW MHI Vestas turbines, the largest and most powerful wind turbines ever installed on a floating foundation platform.

Windplus is a subsidiary of EDP Renewables, Repsol and Principle Power.(Source: DNG GL, Windpower Eng., 7 Nov., 2019)Contact: EIB, www.eib.org; Windplus SA, www.offshorewind.biz/tag/windplus; EDP Renovaveis, www.edpr.com; DNV GL, Liv Hovem, CEO, +47 6757 9900, www.dnvgl.com

More Low-Carbon Energy News Windplus,  DNV GL,  Floating Wind,  Offshore Wind,  ,  


EIB Funds Semi-Submersible Platform Offshore Wind Project (Int'l)
European Investment Bank,EDP Renováveis
Date: 2018-10-24
The European Investment Bank (EIB is reporting a € 60 million loan to Portuguese energy giant EDP Renovaveis subsidiary Windplus S.A. for the construction of a first-of-its-kind, semi-submersible platform offshore floating wind farm to be located about 20 km off the coast of Portugal.

The project will also be supported by the InnovFin Energy Demonstration Project facility, which is funded under the EU's Horizon 2020 research and innovation programme , and an additional €29.9 million from the EU NER300 programme, plus up to €6 million from the Government of Portugal, through the Portuguese Carbon Fund.

Until 2020, "InnovFin -- EU Finance for Innovators" offers a range of tailored products which will make available financing in support of research and innovation (R&I) by small, medium-sized and large companies and the promoters of research infrastructures. (Source: European Investment Bank, EDP Renewables, 19 October, 2018) Contact: EIB, www.eib.org; Windplus SA, www.offshorewind.biz/tag/windplus; EDP Renovaveis, www.edpr.com

More Low-Carbon Energy News European Investment Bank,  Wind,  EDP Renovaveis,  Repsol,  Windplus S.A,  


S. Korea Plans Additional 12GW Wind Power by 2030 (Int'l Report)
Korean Energy Ministry
Date: 2018-06-27
In Seoul, the Korean Ministry of Trade, Industry and Energy reports the country will add 12 gigawatt of new wind power capacity by 2030. The new energy road map aims to acquire 48.7 GW of new clean energy sources, with 12 GW of them coming from wind power plants.

Initially, the government plans to establish 500 MW-class wind turbines in coastal areas and explore ways to converge them with shipping, ship building and other marine-based industries. It also aims to create large-scale floating wind farms. (Source: Korean Ministry of Trade, Industry and Energy, The Investor, 28 June, 2018)Contact: Korean Ministry of Trade, Industry and Energy, english.motie.go.kr

More Low-Carbon Energy News Renewable Energy,  Korea Renewable Energy,  Wind,  


Hexicon's Korean Floating Wind Partnership Expanded (Int'l)
Hexicon
Date: 2018-06-20
In Stockholm, Swedish engineering company Hexicon AB notes it it has inked a memorandum of understanding (MoU) for mutual cooperation with Busan Techno Park and Renewable Energy Center in Busan, South Korea , for the development of floating offshore wind technology for the Korean market. To that end, the Swedish company has received grant funding from the Korean Business and Energy Agency to investigate how multi-turbine platforms can be adapted to local conditions.

Hexicon previously announced plans to transfer its floating wind platform technology to a new joint venture with Coens in South Korea, where it wants to offer serial production of locally-made units. (.Source: Hexicon AB, Renewables Now, 20 June, 2018) Contact: Hexicon AB, +46 (0) 8 525 064 00, info@hexicon.eu, www.hexicon.eu

More Low-Carbon Energy News Hexicon,  Offshore Wind,  Floating Wind,  


Ideol, STX Partner on Floating Offshore Wind Substations (Ind. Report)
STX Europe Offshore Energy,Ideol
Date: 2018-05-23
La Ciotat, France-based Ideol and STX Europe Offshore Energy report they are joining forces to develop a floating substation that will be compatible with both bottom-fixed and floating offshore wind farms.

Based on Ideol's shallow-draft Damping Pool concept and designed to operate in the world's most extreme environments, the universal floating substation will remain flexible to client demands and/or specific certification requirements and accommodate both bottom-fixed and floating offshore wind farms starting at depths of 30 meters.

The solution aims at being market-ready for France's upcoming floating commercial tenders, accoring to a statement. (Source: Ideol, STX, Windpower Eng., May, 2018) Contact: Ideol, +33 (0)4 86 20 80 50, www.ideol-offshore.com/en STX Solutions Europe, www.offshore-technology.com/contractors/design-engineering, www.offshorewind.biz/tag/stx-europe-offshore-energy

More Low-Carbon Energy News STX Europe Offshore Energy,  Offshore Wind,  Offshore Energy,  Ideol,  Offshore Wind,  Floating Wind,  

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