Posted on: 10/05/2016
Fred Olsen Renewables in French deal
Fred Olsen Renewables has bought a 51% stake in Global Wind Power (GWP) France from Denmark-based parent GWP Europe.
David Brunt, Chief Executive at Fred Olsen Renewables, said: “We are very much looking forward to our partnership with GWP Europe.
“Our objective is to follow GWP France’s existing business strategy, providing financial resources to help grow the business and providing support to the team, headed by GWP Chief Executive Michael Sandager.”
> Find out more about Fred Olsen Renewables
Scottish wind power jumps by 15% in April
Scotland generated nearly 700GWh of electricity from wind turbines during April, up 15% year-on-year, according to figures from WeatherEnergy.
Lang Banks, Director of environmental charity WWF Scotland, said: “Thanks to a combination of stronger winds and increased capacity, output from turbines in April was up more by 15% compared to the same period last year – supplying power equivalent to the average electrical needs of 1.9 million homes.
“Meanwhile, homes fitted with solar panels were able to obtain 70% or more their electricity or hot water needs from the sun.”
> Find out more
Marine firm wins funding deal
Sustainable Marine Energy (SME) has secured a £4.5 million investment to allow it to test its Plat-O tidal energy system at the European Marine Energy Centre (EMEC) on Orkney.
Economic development agency Scottish Enterprise increased its investment in the company, with German tidal turbine manufacturer Schottel Hydro – from which SME bought turbines in February – investing for the first time.
SME signed a lease on the berth at EMEC in April 2015 and has already tested the system near its base on the Isle of Wight.
> See SME's statement
Appeal over Stronelairg windfarm begins
SSE and the Scottish Government have begun an appeal at the Court of Session in Edinburgh over the proposed Stronelairg wind farm near Loch Ness.
Ministers granted planning permission for the 67-turbine project in June 2015, but conservation charity the John Muir Trust mounted a judicial appeal that resulted in the Outer House of the Court of Session overturning the decision.
The Inner House of the Court of Session – Scotland’s highest civil court – will now hear the appeal and rule on the case.
> See Stronoelairg's location
UK solar M&A deals hotting up
Merger and acquisition (M&A) activity in the UK’s solar sector is expected to increase, according to a report by Clean Energy Pipeline and TLT Solicitors.
Projects worth £11 billion are due to come on stream following two years of investment said the report, which was released at the All Energy conference in Glasgow.
Deal activity was up 14% last year, with assets worth £1.6bn being bought and sold.
> Find out more about All Energy