Scotland grants marine approval to 800-MW Moray West wind farm

18/06/2019 08:42 Wind


Scotland has given a marine licence to the roughly 800-MW Moray West offshore wind project in the outer Moray Firth Zone, the government announced on Friday.

The consent represents the final step in the permitting process that will allow the project to compete in the upcoming UK government Contracts for Difference (CfD) auction this summer. The scheme is a joint development of Portuguese utility Energias de Portugal SA and French peer Engie SA.


The Moray West wind farm will be built 22.5km (14 miles) off the Caithness coast as a sister site of the 950-MW Moray East wind farm, whose 100 MHI Vestas 9.5-MW turbines are planned to become operational in 2022. The follow-on project will feature up to 85 turbines, according to the government’s statement.


Daily (16.07.2019): EU carbon prices extended a fresh 11-year high on Monday, boosted by a weakening allowance supply

16/07/2019 10:15:00

Crude oil prices decreased on Monday, following mixed Chinese economic data and amid anticipations of a short-term impact of the tropical storm in the Gulf of Mexico on U.S. offshore oil output. A softening in the tensions between the West and Iran added pressure on prices. Consequently, Brent crude edged down by 0.4% to $66.48 a barrel, while WTI futures lost 1.1% to settle at $59.58 a barrel.


Aker Energy secures funding for offshore oil project in Ghana

16/07/2019 10:09:00

Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, has decided to finance Aker Energy’s deepwater project located offshore Ghana by investing in $100 million of convertible bond notes with a commitment to participate in follow on fund raising activities.


Eolus to sell 400MW Norwegian windfarm to Aquila Capital

16/07/2019 10:07:00

Eolus Vind has signed a share purchase agreement to sell its 400MW windfarm Oyfjellet in Norway to Aquila Capital for €30m.