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MOL to invest in self-elevating platform vessel operator

Mitsui O.S.K. Lines, Ltd. announced a plan to acquire a 5% share in Seajacks International Limited Group, which owns and operates five Self-Elevating Platform vessels, from Marubeni Corporation. This consists the first step to move into the renewable energy business field, through involvement in installation of offshore wind power generation systems, which is expanding in Europe and other areas around the world.

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Svalbard’s electric power 
could come from hydrogen

Longyearbyen is the largest settlement and the administrative centre of Svalbard, a Norwegian archipelago in the Arctic Ocean. Today, Longyearbyen obtains its electric power and district heating from its coal power plant, the only one in Norway. A recent study shows that shipping surplus energy to Svalbard in the form of liquid hydrogen could mean annual savings of more than NOK 100 million.

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DNV GL completes technical due diligence on wind portfolio sale

DNV GL successfully completed its vendor’s technical due diligence of a portfolio of Irish wind farms for Gaelectric Holding plc. The portfolio is to be purchased by major Chinese investors CGN Europe Energy, the European renewable investment arm of China General Nuclear (CGN) Power Group – the group that holds a 33% share of the new £18 billion Hinkley Point C nuclear power station in Somerset, UK.

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