In Brief

Danish deal
Aquila Capital has acquired a wind energy project in Denmark near Kappel on Lolland with an installed capacity of over 25 MW. With the acquisition, Aquila Capital’s transaction volume in the wind sector has now surpassed 1000 MW.

The project consists of seven wind turbines, all of which are 3.6 MW, by Danish manufacturer Vestas. Six of these are V117 turbines and one is a V126 turbine. The project has entered into a long-term full maintenance contract with Vestas. Roman Rosslenbroich, CEO and Co-Founder of Aquila Capital, said: “The combination of excellent wind resources with a very transparent support scheme means Denmark offers an attractive diversification to the wind energy projects we manage. Due to the highly professional sector environment and the well-developed market for commercial power purchase agreements, we believe Denmark will continue to offer an appealing environment for professional investments.”

Key objectives
Bibby Offshore has successfully completed three further contracts from global oil and gas operator, Apache North Sea.

The multimillion pound contracts utilised Bibby Offshore’s diving support vessels, Bibby Polaris and Bibby Topaz, and its construction support vessel, Olympic Ares. Operating across North Sea assets during Q3 2017, the vessels engaged with project activities, which included supporting field development and inspection repair and maintenance. Commenting on this most recent win, Barry Macleod, UKCS managing director at Bibby Offshore, said: “Securing a triple win from Apache reinforces Bibby Offshore’s key objectives; to fully appreciate our clients’ requirements and provide them with efficient, multi-scope operations. “We are delighted that once again Apache has trusted Bibby Offshore with this repeat business.”