Innogy issues bond to fund wind farms.

Innogy issues bond to fund wind farms.

Germany’s largest energy group, Innogy, has issued a bond of 850 million euros ($1.01 billion) to refinance four offshore wind farms in Britain and Germany as well as an onshore wind farm in the Netherlands that is either under construction or already operating. Innogy chief financial officer Bernhard Günther said: “Innogy is a sustainable company by conviction […]

Statkraft to develop onshore wind in partnership with Airvolution Clean Energy.

Statkraft to develop onshore wind in partnership with Airvolution Clean Energy.

Statkraft and Airvolution Clean Energy have entered into an onshore wind development partnership. The ambition is to build a project pipeline of 300 MW investable project opportunities for Statkraft in Scotland. Earlier this year, Statkraft completed Andershaw wind farm in Scotland, adding to its UK onshore wind portfolio. Statkraft believes in the fundamental requirement of […]

innogy acquires Statkraft’s 50 per cent share in Triton Knoll offshore wind project.

innogy acquires Statkraft’s 50 per cent share in Triton Knoll offshore wind project.

Innogy and Statkraft have completed an agreement under which innogy has acquired Statkraft’s 50 per cent share in the offshore wind project Triton Knoll. With the acquisition of Statkraft’s share, innogy has become its sole owner. Both sides have agreed to maintain confidentiality regarding the purchase price. Triton Knoll is an offshore wind project with a planned installed […]

Technology advances enable Triton Knoll to remove Intermediate Electrical Compound from final design.

Technology advances enable Triton Knoll to remove Intermediate Electrical Compound from final design.

The team behind the Triton Knoll Offshore Wind Farm have confirmed that they have been able to remove the Intermediate Electrical Compound (IEC) from their final design. The IEC, which was originally planned to be built near Orby in Lincolnshire, would have had a footprint of around 1.8 hectares and was considered necessary to manage […]

UK offshore wind cheaper than nuclear energy for the first time.

UK offshore wind cheaper than nuclear energy for the first time.

This week UK offshore power prices have been cut in half in less than three years. Eleven new electricity projects, totalling more than 3 gigawatts were awarded contracts by the UK Government in the second round of the CfD auctions. Amongst the contracts, DONG Energy will deliver its Hornsea Two project with capacity of 1,386.00 MW for the […]

Innogy successful in UK auction with Triton Knoll offshore wind project.

Innogy successful in UK auction with Triton Knoll offshore wind project.

Innogy is relying on the expansion of renewable energies to grow its business activities. Today the company moved a step closer to the realisation of what is currently one of its largest development projects: Triton Knoll, an offshore wind project with a planned installed capacity of 860 megawatts, won a tender from the UK Department for […]

Japan firm shows interest in building Tamakoshi III hydro.

Japan firm shows interest in building Tamakoshi III hydro.

A Japanese company has expressed interest in developing the Tamakoshi III Hydropower Project, which has been in limbo after Norway’s Statkraft pulled itself out of the project in January. During their meeting with officials of Investment Board Nepal (IBN) a few weeks ago, a team from Kansai Electric Power Company, a Japan-based power utility, expressed […]

Albania commissions 73-MW Banja hydropower plant.

Albania commissions 73-MW Banja hydropower plant.

On Sept. 23, Norway-based Statkraft commissioned its first power plant in Albania, the 73-MW Banja hydropower plant near the capital city of Triana. The Banja facility is the first of two power plants being constructed as part of the 256-MW Devoll hydropower project. The total investment of the Devoll hydropower project is estimated at about […]

Statkraft to shed Çetin HPP.

Statkraft to shed Çetin HPP.

Çetin power plant in Turkey, which saw construction works suspended in February, is up for sale by its Norwegian developer. State-owned Statkraft said it is hiring Garanti Securities as a financial advisor in the bidding process, with a deadline for expressions of interest expiring on August 1. The Çetin Hydropower Plant Project is located on the Botan […]

Statkraft’s biggest hydropower project outside Norway on sale.

Statkraft’s biggest hydropower project outside Norway on sale.

Escalating conflict between Turkey and Kurdish militants has prompted Statkraft to initiate a process to sell its 517 MW Cetin hydropower plant, despite it being only partially built. A deal is expected by the end of this year, the state-owned power producer said on Monday. Statkraft said it has chosen brokerage Garanti Securities, a subsidiary of Garanti […]