in News Departments > FYI
print the content item

Norway-headquartered floating wind turbine developer SWAY has concluded a private placement of 150 million krone. This placement provides the necessary financial platform for commercialization of the company's deepwater wind turbine technology designed to withstand the region's rough sea conditions, according to SWAY.

Statoil and Lyse were the major participants in the equity issue, while Scatec and Rosenberg Verft were significant participants in the placement. All four companies are based in Norway.

SWAY adds that building of full-scale pilots for testing will be central to the commercial development process, with the first pilot to be completed in 2010 and commercial delivery of the technology expected to begin in 2012.


Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965