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.

Exxon Mobil considers sale of Malaysian offshore assets for up to $3 bln

09/10/2019 14:54:00

U.S. energy giant Exxon Mobil Corp is considering a sale of its Malaysian upstream offshore assets for up to $3 billion, Bloomberg reported on Wednesday.


Zimbabwe hikes average electricity tariff by 320% - energy regulator

09/10/2019 13:25:00

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.


Daily (09.10.2019): European carbon prices reached EUR 23 a tonne on Tuesday, on worries over Brexit negotiations

09/10/2019 10:50:00

Crude oil prices traded lower on Tuesday, after Donald Trump reported that a quick trade deal will unlikely happen soon. Meanwhile, oil prices were supported by protests in OPEC members Iraq and Ecuador, which threatened to disrupt their oil output. Hence, WTI futures fell by 0.2% to $52.63 a barrel, while Brent crude edged 0.2% down at $58.24 a barrel.