Enbridge purchases 49.9% stake, as confirmed by contractors for 497MW project

20/02/2017 11:04 Wind


Developer EnBW has given the approval to construct the 497MW Hohe See offshore wind farm in the German North Sea.

Canadian outfit Enbridge has purchased a 49.9% stake in the €1.8 billion project and the two firms will collaborate during the construction, with EnBW set to run the wind farm.

Enbridge also has a possibility to acquire a stake in EnBW’s 112MW Albatros wind farm, which has an investment decision pending, according to the German firm.

EnBW reached an agreement with Siemens last year over the supply and installation of 71 SWT-7.0-154 turbines and monopile foundations for the project, which will be sited several 90km North of the island of Borkum.

EnBW declared that the order combines the supply and installation of both foundations and turbines in one accord, the first such agreement in the German offshore market.

VBMS has obtained an €80 million inter-array cabling agreement for the project. The deal covers supply, installation, burial, termination and testing of the cables.

VBMS stated announced that the work is programmed for 2018 and 2019.


Hohe See, which is presently the largest offshore wind farm scheduled in Germany, is likely to be fully commissioned in 2019.

Poland State Gas Distributor Says It Wins $1.5 Billion From Russia's Gazprom In Price Dispute

31/03/2020 09:23:00

Poland’s largest distributor of natural gas has announced it won a years-long energy-supply price dispute with Russia’s state-run Gazprom worth $1.5 billion at an international arbitration court in Sweden.


'Hydrogen could meet quarter of world's energy needs – at $11 trillion cost'

31/03/2020 09:18:00

A hydrogen economy powered by vast amounts of renewables could meet a quarter of the world’s energy needs by 2050 – but will need $11 trillion of spending on infrastructure and a $150bn subsidy kick-start, said BloombergNEF.


Daily (30.03.2019): NBP spot tumbled by 21% on a weekly basis, as weak demand outweighed stimulus hopes

30/03/2020 11:39:00

Crude oil prices extended losses on Friday, posting the fifth consecutive weekly decline, as governments’ financial stimulus to eliminate the coronavirus pandemic could not stop the decline in global demand. Brent crude dropped by 5.4% to $24.93 a barrel. WTI futures traded 4.8% down at $21.51 a barrel.