Statkraft acquires wind development business in Ireland and the UK.

Statkraft has acquired the Irish and UK wind development businesses of the Element Power Group. The transaction provides Statkraft with a large onshore wind development pipeline in Ireland and strengthens Statkraft’s position in the UK.   The transaction comprises Element Power Ireland Ltd and three UK project companies, including the current organisation with around 50 […]

Magic Circle scoops £300m Funding Circle IPO as Linklaters advises on £2bn wind farm financing.

Magic Circle scoops £300m Funding Circle IPO as Linklaters advises on £2bn wind farm financing.

Freshfields Bruckhaus Deringer and Linklaters have scored lead mandates on the proposed initial public offering (IPO) of small business lender Funding Circle, while Linklaters advised on the £2bn financing of the Triton Knoll wind farm. London-based start-up Funding Circle, which provides a loan platform for SMEs in the UK, US, Germany and the Netherlands, announced today […]

Boskalis acquires Triton Knoll OWF cabling contract.

Boskalis acquires Triton Knoll OWF cabling contract.

Royal Boskalis Westminster N.V. (Boskalis) has acquired the contract for the supply and installation of the export and inter-array cables for the Triton Knoll offshore wind farm (OWF), UK. In September 2017, Boskalis signed the Preferred Supplier Agreement which has now been converted into a firm contract following the project’s financial close. The contract carries […]

MHI Vestas Offshore Wind appointed new UK manager.

MHI Vestas Offshore Wind appointed new UK manager.

MHI Vestas Offshore Wind announced on August 30th that it has appointed wind industry stalwart Mr. Julian Brown to the position of UK country manager. The move reflects the increasing importance of the United Kingdom’s offshore wind market and signifies a deepening commitment from MHI Vestas to strengthen its presence. “MHI Vestas Offshore Wind has […]

Knockendurrick windfarm near Twynholm rejected by Dumfries and Galloway councillors.

Knockendurrick windfarm near Twynholm rejected by Dumfries and Galloway councillors.

Councillors spent more than three hours hearing from supporters and opponents of Banks’ Renewables plans for Knockendurrick before unanimously rejecting the bid. The firm said they were “obviously disappointed” and were considering their options. Thursday’s meeting of the planning applications committee was preceded by objectors gathering outside the council HQ in Dumfries with placards urging […]

innogy sets up £1.5m community fund.

innogy sets up  £1.5m community fund.

A £1.5m fund has been launched for communities likely to be affected by the innogy Triton Knoll offshore wind farm scheme – including the construction of a new sub-station at Bicker Fell. The scheme will see an initial £500,000 made available to support local community projects in areas affected by the construction work, which is […]

Arensis Closes £13,500,000 capital rise.

Arensis Closes £13,500,000 capital rise.

Los Angeles-based Arensis, an international provider of distributed energy systems, announces the financial close of £13,500,000 in debt funding (~$17,000,000 USD) from Hadrian’s Wall Secured Investments Limited (HWSIL), a London Stock Exchange listed fund. The funding was secured for renewable energy facilities in the UK, expanding the company’s growth and global operations. “We seek to […]

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