King & Wood Mallesons’ Post

More positive news surrounding The Crown Estate’s floating offshore wind farms in the Celtic Sea this week, as they initiate the second phase of Leasing Round 5.   It’s encouraging to see new steps being taken to reduce risk, uncertainty and delays during the tender process and we particularly welcome National Grid ESO’s proposal to introduce a network design at an early stage. This means that developers can move through the leasing round for the first time with a clear understanding of how their wind farms will connect to the grid, setting a powerful precedent for future developments.   The move also has the potential to economically transform coastal communities in South Wales and South West England with up to 5,000 new jobs and a £1.4bn economic boost from the supply chain.   The collaboration between Great British Energy and The Crown Estate is testament to the UK's leadership in renewable energy and the new government's further endorsement of the offshore wind sector. From metocean measurement & consultancy, floating wind design & advisory through to installation services, we look forward to helping turn this innovative development into a successful reality. Great summary by Eamon F. for Bloomberg: https://lnkd.in/dBP8XVxG #HelpingWindPowerGrow #OffshoreWind #EnergyTransition

We are excited to announce a significant expansion of our Italian partnership with Nuveen, a TIAA company. Nuveen Infrastructure is one of the world's leading investment managers in renewable energy. Our new innovative hedging agreement supports a 48 MW wind farm in Italy, helping to maximize revenues for the facility while managing market risks—an essential part of accelerating the energy transition. This new collaboration marks a milestone in Trailstone's long-standing relationship with Nuveen, formally Glennmont Partners, which began in 2016. The agreement underscores our flexible approach to structuring tailor-made solutions for European renewable energy producers. By leveraging our deep expertise, market access, and proprietary optimization platform, we're enhancing how renewable energy assets are managed in Italy and beyond. Alessandro Savini, Trailstone’s Senior Executive Consultant in Italy says:   “Although virtual PPAs are still relatively uncommon in Italy compared to other EU countries, our innovative approach allows us to offer effective solutions that help our customers stabilize energy prices and adopt a dynamic risk management strategy.” ____ We're excited about what the future holds as we continue to grow our partnerships and deliver impactful solutions for renewable energy producers across 20 countries worldwide. If you want to learn more about how we support clients in Italy, then please contact Alessandro, who would be delighted to tell you more. #RenewableEnergy #EnergyTransition #WindPower #Trailstone #NuveenInfrastructure

Scotland’s two new green freeports, Inverness & Cromarty Firth Green Freeport (ICFGF) and the newly launched Forth Green Freeport (FGF), are making waves globally as they focus on the energy transition and decarbonisation agenda 🌍 “The level of interest at this time is unprecedented,” said Calum MacPherson, CEO of ICFGF. “The breadth of it is interesting as it’s not just big multinationals involved in offshore wind from Europe, Asia, and North America. We also have a lot of interest from the supply chain – everything from chains to boats to training to IT systems, environmental consultants to recruitment companies. It’s a broad range of businesses looking to come here.” The country's freeports offer significant advantages for wind energy, with deep-water ports situated near key offshore wind development areas in the North Sea. Additionally, the tax incentives available at its green freeports help mitigate risks for investors, encouraging new developments and innovations. With FGF's ambitious plans to establish Scotland's largest platform for offshore renewables, and significant progress already being made on a 175-acre manufacturing hub and purpose-built deep-water facility for floating wind turbine integration, marshalling and commissioning, investment opportunities continue to rapidly unfold 👏 Find out more 👉 https://ow.ly/Oiiv50T26yH #ScotlandIsNow #OffshoreWind

Day 234 / 366 🌍 Scotland's Green Freeports: A Game-Changer for the Energy Transition 🌍 I'm thrilled to witness the momentum building around Scotland’s two new green freeports— Inverness & Cromarty Firth Green Freeport and the newly launched Forth Green Freeport. These developments are not just promising for the energy transition and decarbonisation efforts but are also reshaping the landscape for industries involved in asset integrity and beyond. The interest from global players and diverse supply chains underscores the strategic importance of these hubs. As Calum MacPherson, CEO of ICFGF, mentioned, the unprecedented engagement spans everything from offshore wind giants to environmental consultants and recruitment firms. This breadth is a clear indication of the collaborative effort required to drive innovation and ensure the safety and reliability of these ground breaking projects. For those of us in the NDT and Inspection sector, the opportunities are immense. The proximity of these deep-water ports to key offshore wind development areas in the North Sea, coupled with the tax incentives provided, significantly reduces risk and opens doors for new technologies and methods in asset integrity. As FGF continues to establish Scotland's largest platform for offshore renewables, the progress on their manufacturing hub and deep-water facility is a testament to the region’s commitment to leading the global energy transition. #Scotland is positioning itself at the forefront of offshore renewables, and the role of asset integrity will be crucial in ensuring the success and longevity of these ambitious projects. The future is bright, and the potential for growth and innovation in our sector has never been more exciting. Find out more 👉 https://ow.ly/Oiiv50T26yH DM or email me at ben.lumley@applus.com to see how Applus+ can help #ndt #oilgas #inspection #eemua #technology #energy #future

Dive into the $10 billion investment in the Bunbury offshore wind farm, set to revolutionize energy! Don't miss out on the insights into estimated investments and project planning strategies. EP 263 - “Dashdot Tech Part 3: How We Predict Growth and Rental Increases So Accurately!” ⬇️ Check out the links to the full episode in the comments section below ⬇️ #CleanEnergyFuture #WindFarmInvestment #GreenTechInnovation #SustainableInfrastructure #RenewableEnergy #ProjectPlanning #EnergyRevolution #InvestmentStrategies #FutureOfEnergy #InnovativeProjects #ProjectForecasting #EnergyIndustryInsights #GreenEconomy #EnergyInnovation

Why does the Crown Estate benefit so much from Renewable Energy ? So I would just like to ask the question Why does / should the Crown Estate profit from Renewable Energy ,what do they contribute to encourage investment? Like most in this day and age reducing Energy prices and dependency of other fuels and Nations must be a priority , surely 1.1 billion profit is far too much ? Profit from the royal family's land and property holdings more than doubled to a record £1.1 billion last year, driven by a short-term boost from offshore wind farms. The Crown Estate said earnings surged by more than £658 million during the year ending March 31, from £443 million the previous year.

Another week, another conference - yesterday I was at RenewableUK's Global Offshore Wind in Manchester presenting the work of my ERM colleagues Taliesin Slatter and Madeleine Tholen on Port Issues in Emerging Markets. Without ports there are no offshore wind farms but there is a clear chicken and egg issue with wind farm development pipelines and the required port developments and upgrades to support them. In Europe we have benefited from a gradual growth and roll-out of projects and demonstrators. If new markets want to skip straight to GW-scale projects, how will they support the significant capital investments required in port capacity and upgrades to make that happen and ensure the future pipeline of projects to pay back those investments? One of a number of challenging sequencing issues in the industry right now! #RUKGOW24 #manchester #offshorewind #renewableenergy #comingofage

This is a great suite of investments in some important and growing #Cornish businesses including Tugdock, Penzance Dry Dock, A&P Group Limited. As well as R&D led by University of Plymouth. Very proud of the Cornwall & Isles of Scilly Good Growth Fund team at Cornwall Council for putting together an important package of projects across #Marine and Floating Offshore Wind #FLOW in #Cornwall. Great strategic intent and opportunity to create jobs in a growing sector. The Crown Estate has set out areas of sea where the first 4.5GW of FLOW will be deployed by 2035. This represents enough electricity to power more than three million homes, with a stated ambition for a further 12GW by 2045. It’s vital that we capture as much of the economic benefit of this opportunity as possible for #Cornwall by investing in infrastructure, innovation and the supply chain. Celtic Sea Power will also receive investment for sector development and to accelerate the deployment of FLOW which will also play a major role in decarbonisation.

After a difficult few days for the West of Ireland, some positive news on the beneficial use of wind. West-coast windfarm set for a ‘significant’ investment of €1.4bn https://lnkd.in/dh7t_UjA

More tech founders are pursuing a path of inorganic growth. The current market continues to offer value and opportunities for the prepared management teams. We have helped several portfolio companies to take their first steps to acquire another business. The next ones also get a lot easier. Here is the latest example from Hometree and how Simon Phelan has been expanding the business with a series of acquisitions across the UK. Oxford Capital #BackingFounders #startups #VC