in News Departments > Projects & Contracts
print the content item

Tokyo-based Marubeni Corp. has entered into an agreement with the Development Bank of Japan (DBJ) in which Marubeni will divest a part of its shares in the 172 MW Gunfleet Sands offshore wind farm to DBJ.

Marubeni has a 49.9% stake in Gunfleet Sands, located in the U.K. When the transaction is completed, Marubeni will have a 24.95% ownership share and DBJ a 24.95% share. DONG Energy will retain its majority ownership share and will continue to operate the wind farm.

Notably, Marubeni is also an investor in the Atlantic Wind Connection, an offshore wind transmission "backbone" planned to span the Mid-Atlantic region from New Jersey and eventually extending to Virginia. That project is headed by independent transmission company Trans-Elect and developer Atlantic Grid Development and further backed by Google, Bregal Energy and Elia.



Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015