28 Jul '16, 8am

2.8bn EUR & 600MW: Gemini, the largest-ever project financed #offshore #windfarm.

2.8bn EUR & 600MW: Gemini, the largest-ever project financed #offshore #windfarm.

From the industry’s earliest days, about a dozen years ago, until the emergence of Gemini, most offshore wind projects had been financed on the balance sheets of a handful of Europe’s largest utilities. At the time, this made sense. After all, many of the large incumbent utilities had healthy balance sheets and were able to commit the time and capital necessary to support what was then a high-risk, nascent sector. But many of the same utilities are now hard up for cash, with their business models disrupted, in part, by widespread deployment of utility-scale clean energy, which has eroded wholesale electricity prices in Europe. “Most utilities are indeed more cash constrained in these times, and that is a change that has taken place over the last five or six years,” Wolfgang Bischoff, global Head of Equity of Energy Finance, Siemens Financial Services, said in an interview....

Full article: http://www.siemens.com/customer-magazine/en/home/energy/r...

Tweets

Scottish Offshore Wind Demonstration Project Tr...

renewableenergyworld.com 27 Jul '16, 7pm

Renewable Energy World (North America Edition)

Siemens secures follow-up onshore wind project ...

renewableenergyfocus.com 28 Jul '16, 11am

Stage 2 is an addition to the Hornsdale Stage 1 wind farm project, for which Siemens had signed a contract in August 2015....

Vattenfall to fund Scottish offshore wind farm

renewableenergyfocus.com 27 Jul '16, 12pm

Vattenfall’s investment decision triggers an agreement for the European energy company to acquire the Aberdeen Renewable E...

My Turbine Lies Over The Ocean: It Takes Hercul...

renewableenergyworld.com 28 Jul '16, 7pm

Renewable Energy World (North America Edition)

Offshore Wind Powers Ahead in Europe via @EcoWatch

Offshore Wind Powers Ahead in Europe via @EcoWatch

ecowatch.com 24 Jul '16, 3pm

A building boom is underway offshore in Europe. Up to 400 giant wind turbines are due to be built off the northeast coast ...

First Offshore Wind Farm in U.S. Begins Final Construction Phase via @EcoWatch

First Offshore Wind Farm in U.S. Begins Final C...

ecowatch.com 28 Jul '16, 2pm

Surrounded by monstrous blades and tower sections on the docks of the Port of Providence, Gov. Gina Raimondo was joined by...

Greater acceleration of renewables required to ...

renewableenergyfocus.com 26 Jul '16, 1pm

The world is still falling "worryingly short of what is needed" when it comes to deploying clean energy technologies to he...

Energy from Offshore: Engineering Firm Transiti...

renewableenergyworld.com 22 Jul '16, 11am

Renewable Energy World (North America Edition)

Great news for UK offshore wind as @VattenfallG...

businessgreen.com 21 Jul '16, 8am

The Aberdeen Offshore Wind Farm is on track to come online from early 2018, after Vattenfall yesterday confirmed it would ...

#energystorage

ecobuildingpulse.com 28 Jul '16, 6pm

Sonnen is breaking into the U.S. residential energy storage market, which has been growing exponentially in the last few y...

Offshore wind powers ahead as prices drop 30% below nuclear

Offshore wind powers ahead as prices drop 30% b...

enn.com 19 Jul '16, 10pm

RELATED ARTICLES New Jersey to Take Lead in Offshore Wind Energy? August 26, 2010 08:55 AM Germany overtakes the UK in off...

Argentina to hold 1 GW renewable energy auction...

pv-magazine.com 26 Jul '16, 8pm

Argentina to hold 1 GW renewable energy auction in October 26. July 2016 | Financial & Legal Affairs , Global PV markets |...

A New Home Energy Storage Solution That's Simpl...

ecobuildingpulse.com 27 Jul '16, 2pm

Sonnen is breaking into the U.S. residential energy storage market, which has been growing exponentially in the last few y...

Offshore wind powers ahead as prices drop 30% below nuclear - The Ecologist

Offshore wind powers ahead as prices drop 30% b...

theecologist.org 19 Jul '16, 9am

This tender goes beyond even the most optimistic expectations in the market. The €87 / MWh is significantly lower than any...