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Business & Finance

14 Aug | Texo Group Acquires Orca Subsea

Texo Group is pleased to announce the acquisition of Aberdeen-based, Orca Subsea to form Texo Marine.

13 Aug | innogy finds new partners for its Triton Knoll Offshore Wind Farm

  • innogy will divest a 41% stake to J-Power (25%) and to Kansai Electric Power (16%)
  • innogy will retain a 59% equity interest in the Triton Knoll project
  • Financial and equity close anticipated in the third quarter of 2018
  • Commissioning of offshore wind farm expected to start in 2021

03 Aug | Mitsui & Co. invests in Taiwanese offshore wind farm developer Yushan Energy Taiwan, Co.

On August 2, 2018, Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) completed all necessary procedures to enter into a definitive agreement to acquire a 50% share of Yushan Energy Taiwan Co., from Singapore's Yushan Energy Co., a subsidiary of Enterprize Energy Group. Yushan Energy Taiwan Co. is currently developing an off-shore wind power plant in Taiwan.

02 Aug | Multi-million pound offshore wind cable contract sparks investment in Wrexham facility

  • Contract signed between Ørsted and Prysmian Group to supply submarine inter–array cables for the world’s biggest offshore wind farm
  • Wrexham will become the first UK facility to manufacture submarine array cable cores, strengthening the UK supply chain

Business & Finance

14 Aug | Seventus LLC Acquires Jawbone Wind Projects in Montana

The first project, with 80 MW capacity, will utilize 38 Suzlon S111 2.1 MW wind turbines

Business & Finance

14 Aug | Wind Farm Giant Ørsted appoints Pinsent Masons to German legal panel

International law firm Pinsent Masons has been appointed to the new German advisory panel of Danish offshore wind farm giant and energy supplier Ørsted.

Business & Finance

14 Aug | MEAG and Luxcara structure financing for Norwegian wind farm

Luxcara, one of Europe’s leading asset managers for renewable energy investments, and MEAG, the asset manager of Munich Re and ERGO, have initiated and structured a project bond to finance a wind farm in Norway. A lower three-digit million euro amount of projects bonds has been privately placed with investors of the Munich Re group. Equity is provided by a renewable energy fund for institutional investors, which is advised by Luxcara.

Business & Finance

14 Aug | Pattern Energy and PSP Investments Acquire 147 MW Mont Sainte-Marguerite Wind Facility in Québec

Pattern Energy Group Inc. (NASDAQ and TSX: PEGI) ("Pattern Energy" or the "Company") and the Public Sector Pension Investment Board ("PSP Investments") today announced the acquisition of the 147 megawatt (MW) Mont Sainte-Marguerite Wind power facility from Pattern Energy Group LP ("Pattern Development 1.0"). Mont Sainte-Marguerite Wind is located approximately 50 kilometers south of Québec City, in the Chaudière-Appalaches region.