Search results for: Sumitomo Corporation
Sumitomo Acquires 30% Stake in Northwester 2
29 August 2018 Business & Finance, Wind Farm Update
As of 24 August, Japan-based Sumitomo Corporation holds a 30% stake in the Northwester 2 offshore wind project, developed by Parkwind in the Belgian sector of the North Sea.
Sumitomo and Parkwind Deepening Belgian Offshore Wind Ties
10 July 2018 Authorities, Business & Finance, Wind Farm Update
Belgium's Parkwind and Summit Tailwind Belgium, part of the Sumitomo Corporation, have submitted a notification of concentration to the European Commission for the acquisition of the joint control over Northwester 2.
Sumitomo: OW Investors Must Find Way to Handle Merchant Risk
6 December 2017 Business & Finance
Zero subsidy offshore wind projects leave the actual electricity price as the only source of income and it is quite difficult for traditional investors such as banks to finance these projects, because that would mean that the banks lending the money must agree to take on the merchant risk, said Christoph Mertens, CEO Summit Renewable Power Europe, a wholly owned subsidiary of Sumitomo Corporation.
Sumitomo Gallops Towards Co-Owning UK 336MW OWF
9 August 2016 Business & Finance
The deal on Sumitomo Corporation's indirect acquisition of 12.5% share of the 336MW Galloper offshore wind farm is closing this month, according to SgurrEnergy, who provided independent technical advisory services to Sumitomo Corporation. The services provided by SgurrEnergy included an assessment of the project's permitting situation, contracting status and structure, construction timescales, capital and operating cost estimates […]
Sumitomo Invests in Galloper Offshore Wind Farm
29 July 2016 Business & Finance, Wind Farm Update
Tokyo-headquartered Sumitomo Corporation has signed a contract to invest alongside Macquarie Capital in the 336MW Galloper offshore wind farm. Sumitomo will indirectly take a 12.5% stake in the project with the transaction due to complete in the coming months. The equity sponsors of Galloper, RWE Innogy UK, Siemens Financial Services, UK Green Investment Bank plc […]
Sumitomo to Take Shares in Two Belgian Offshore Wind Projects
18 July 2013 Business & Finance
Sumitomo Corporation, in conjunction with Sumitomo Corporation Europe (collectively hereafter Sumitomo), have entered into an agreement with Parkwind, a Belgian offshore wind company, to take shares in two offshore wind farm projects off the coast of Belgium. Parkwind's shareholders are the Colruyt Group, Korys NV, the investment holding of the Colruyt family, and PMV. The […]
Japanese Powerhouses Start Offshore Wind Surveys
Japan's Sumitomo Corporation and Electric Power Development Co., Ltd. (J-POWER) have begun an offshore ground investigation around Hirashima and Enoshima islands off the coast of Saikai City, Nagasaki Prefecture, to explore the possibility of developing an offshore wind farm. The Japanese government is currently in the process of determining areas to be designated as offshore […]
Japanese Kick-Start First Overseas OW Investment Fund
Sumitomo Corporation, Sumitomo Mitsui Banking Corporation (SMBC) and Development Bank of Japan have established their first fund dedicated to overseas offshore wind projects. Established through the fund management company Spring Infrastructure Capital, the fund will acquire the assets Sumitomo Corporation holds in the Race Bank and Galloper offshore wind farms in the UK as seed assets. […]
Race Bank Gets GBP 200 Million Loan
18 December 2018 Business & Finance, Wind Farm Update
The Japan-based Nippon Life Insurance has executed a GBP 200 million syndicated loan for the Race Bank offshore wind project in the UK.
Ofgem Names Galloper OFTO
22 November 2018 Contracts & Tenders, Grid Connection, Wind Farm Update
Ofgem has selected Diamond Transmission Partners as the preferred bidder to own and operate the high voltage transmission link to the Galloper offshore wind farm in the UK.
Nexans Adds Northwester 2 to Orderbook
8 October 2018 Contracts & Tenders, Grid Connection, Wind Farm Update
Belgian offshore wind developer Northwester 2 has selected the French cable specialist Nexans to provide an export cable system for the 219MW Northwester 2 offshore wind farm.
Northwester 2 Reaches Financial Close
8 October 2018 Business & Finance, Contracts & Tenders, Wind Farm Update
Northwester 2 has reached the official close of financial agreements with all key stakeholders and banks for the construction of the 219MW Northwester 2 offshore wind farm in the Belgian North Sea.
Innogy Unbridles Galloper
Innogy SE officially inaugurated the Galloper offshore wind farm in the UK today, 28 September.
Galloper O&M Team Finds Permanent Home in Harwich
14 September 2018 Authorities, Operations & Maintenance, Ports & Logistics, Wind Farm Update
Tendring District Council and the Marine Management Organisation have given the go-ahead for the Operations and Maintenance (O&M) base for Galloper offshore wind farm to be built in Harwich.
EU Says Yes to New Northwester 2 Joint Control
31 July 2018 Authorities, Business & Finance
The European Commission has approved the acquisition of joint control by Parkwind and Summit Tailwind Belgium over Northwester 2, a project company holding a 224MW concession in the Belgian North Sea.
Race Bank Switches On
13 June 2018 Wind Farm Update
Ørsted and its project partners, Macquarie and Sumitomo, officially opened the 573MW Race Bank offshore wind farm on 13 June at a ceremony in Grimsby, UK.
Ørsted Breezes Past 3GW Operational OW Mark in UK
12 June 2018 Business & Finance, Operations & Maintenance, Ports & Logistics, Vessels, Wind Farm Update
Following the official opening of the Race Bank, Ørsted will own and partly own 10 operational offshore wind farms in the UK with a combined capacity of over 3,000MW.
Ørsted to Officially Open 573MW Race Bank on 13 June
29 May 2018 Business & Finance, Operations & Maintenance, Wind Farm Update
Ørsted and its Race Bank project partners, Macquarie and Sumitomo, will hold an inauguration ceremony for the 573MW offshore wind farm in Grimsby, UK, on 13 June.
Irish ESB Buys Into Galloper Offshore Wind Farm
29 March 2018 Business & Finance, Wind Farm Update
Ireland's state owned electricity company Electricity Supply Board (ESB) has acquired a 12.5% stake in the 353MW Galloper offshore wind farm from Macquarie Capital.
Jan De Nul Installs Last Nobelwind Turbine
3 April 2017 Wind Farm Update
The last turbine at Belgian Nobelwind offshore wind farm was installed at 8:50am on 3 April, according to MHI Vestas Offshore Wind's social media pages.
42 Nobelwind Turbines Installed, 8 to Go
15 March 2017 Wind Farm Update
42 out of 50 MHI Vestas V112-3.3MW turbines have been installed at the 165MW Nobelwind offshore wind farm in the Belgian North Sea, Parkwind, the developer and part owner of the wind farm, reports.
Nobelwind Starts Producing
9 January 2017 Grid Connection, Wind Farm Update
The first MHI Vestas wind turbine has started producing power at the Nobelwind offshore wind farm in the Belgian North Sea on Monday, 9 January, Parkwind reported via social media. The 165MW offshore wind farm is expected to be completed in 2017 and will feature 50 MHI Vestas V112-3.3MW turbines installed some 45 kilometres off the coast […]
Last Foundation In Place at Nobelwind
On 22 September, Jan De Nul installed the last foundation at the Nobelwind wind farm, developed by Parkwind. All 51 foundations have been fitted with the associated transition pieces for the installation of the MHI Vestas V112-3.3MW turbines. The offshore high voltage substation (OHVS) for Belgian Nobelwind offshore wind project, also known as Belwind 2 or Bligh […]
Jan De Nul Installs Nobelwind OHVS Transition Piece
2 August 2016 Grid Connection, Vessels, Wind Farm Update
Jan De Nul has installed the transition piece which will support the Offshore High Voltage Station (OHVS) on the ‎Nobelwind‬ ‪offshore‬ ‪‎wind far‬m in the Belgian part of the North Sea. The 165 MW Nobelwind offshore wind farm is expected to be completed in the second half of 2017 and will feature 50 Vestas V112-3.3MW turbines […]
Scour Protection Works Completed at Nobelwind
9 June 2016 Wind Farm Update
The installation of scour protection around the 51 foundations of the Nobelwind (Bligh Bank II)offshore wind project finished yesterday, 8 June. The erosion protection consists of a light filter layer (first phase) and a heavier coating layer specifically designed for various locations and water depths. This protection will remain stable for the next 25 years, […]