Sustainable Tech Partner’s Post

Great news in a thriving market.

Today we are thrilled to see the unveiling of the Industrial Growth Plan by Renewable UK, the Offshore Wind Industry Council, The Crown Estate and Crown Estate Scotland. This plan sets the stage for tripling offshore wind manufacturing capacity in the UK over the next decade. With the UK already employing 32,000 individuals in offshore wind and each new project injecting billions into the economy, the growth potential is immense. The plan outlines strategies to create over 100,000 jobs by 2030 and generate up to £92 billion in economic opportunity by 2040. For Hexicon and other companies in the offshore wind sector, this growth plan provides a clear roadmap for future projects and investments. The focus on strengthening the supply chain and driving key technology areas will undoubtedly propel our industry forward. As we move towards a greener, more sustainable future, initiatives like the Industrial Growth Plan will play a crucial role in driving economic growth, job creation, and maintaining the UK's leadership in offshore wind. #OffshoreWind #IndustrialGrowthPlan #RenewableEnergy #floatingoffshorewind

All European units united under one umbrella: Deutsche Windtechnik creates new European holding company. #DeutscheWindtechnik #WindEnergy #RenewableEnergy #OffshoreWind #OnshoreWind #WindPower #SustainableEnergy #GreenEnergy #EuropeEnergy #WindTechnik #EnergyTransition #InternationalCollaboration #WindIndustry #CleanEnergy

PIPELINE SNAP 📈 | The latest edition of the Pipeline Report looked back at all the changes to ANZIP during 2023 and what they might mean for 2024. A multiplicity of reviews as well as continued growth in the renewable #energy pipeline, increased #defence infrastructure development, and a looming social infrastructure mountain, all played a part in defining the year.  While not quite as high as the post-Covid accelerations of 2021 and 2022, the number of projects entering the pipeline, having contracts awarded and entering construction remained strong, and represent a market in cyclical flux. This chart shows the rate of new ANZIP entrants, with a total of 84 projects at a value of $100.3 billion joining the pipeline in 2023. Energy once again dominated project additions accounting for 75 per cent of new projects added by value and 66 per cent by quantity. Energy projects now comprise 45 per cent of the total pipeline. This edition also marks the transition of the Pipeline Report’s analysis to a member-exclusive product. Non-members will continue to receive a summary of projects, added, removed, and updated in the pipeline – but detailed pipeline analysis will be reserved for our members. 👉 Members of Infrastructure Partnerships Australia can register here: https://lnkd.in/eQsp-m3Z 👉 Non-members can register interest here: https://lnkd.in/eKmzNwYU #infrastructureprojects #ANZIP #socialinfrastructure #renewableenergy

This is remarkable data, which provides an insight into the number of requests I am seeing come through to support large ground investigations for the #renewable #energy pipeline. If you have a geotechnical risk to manage on your project, speak to one of WSP in Australia's 400 #geotechnical professionals located across most capitals. The risks presented by subsurface conditions during large infrastructure programs are well known. Unfortunately they have had more media coverage than anyone would like of late. Stephen Barrett wrote about methods to manage these risks in 2019, and this article is always worth a read to refresh your understanding (https://lnkd.in/gDzpjMHw). More recently, our team have been active in helping key clients collect factual information to inform risk based decision making: - David Annan, Jake Stewart, Simon Owens-Collins and Hannah O'Brien (nee Breen) have delivered a range of programs for solar and wind farm developments. - Craig Curnow, Hecham Danoun, Mitch McGinnis, Tamara Siccama, Rahiman Tariq and Cristian Loddo, PhD, GDipBA have delivered large drilling programs including deep drilling and downhole testing at depths of upto 850m. - David Annan, Mark Richardson, Ben Follett and Colin Spinley have been actively involved in data collection and interpretation to manage offshore geotechnical risks for pipelines, cables, ports and wind turbines. - Andrew Noble, Jamie Anderson, David Watson and Robert Kingsland continue to advise on dams and pumped hydro schemes in Australia and around the world. #riskmanagement #geology #underground #wearewsp

Downing’s Tom Williams, Tom Moore, and Henrik Dahlström delivered the Downing Renewables & Infrastructure Trust’s (DORE) annual results for the year ending 31 December 2023. Some highlights include:  • Increased target dividend by 7.85% to 5.8pps  • Net asset value total return for the year was 3.5%  • Strategic acquisitions in solar, grid infrastructure and Icelandic hydro have increased forecast fixed revenues to 70% To find out more, watch the IMC video below, or read the annual report and latest factsheet: https://lnkd.in/eiqbsHMV Watch here: https://lnkd.in/e6cPs8C6 Capital at risk. Returns not guaranteed.  #Renewables #Infrastructure #Investment 

3 Takeaways from Global Real Estate, Infrastructure and Renewables Webinar

INDUSTRIAL SERVICES INDUSTRY & MARKET UPDATE: The Industrial Services sector IS HOT with investors looking hard for opportunities across a variety of industrial end-markets. Several sub-sectors are seeing outsized demand, including utility infrastructure, renewables, and engineering solutions among others. Continued focus on resilient infrastructure and modernization is driving demand. Many operators are seeking capital and support for strong tailwinds and increased spending. Those companies will see strong investor demand in 2024 and into 2025. Check out our latest report for more insights and industry trends, with a special spotlight on the infrastructure and utility services sector, https://bit.ly/48qcS8E #IndustrialServices #CapitalRaising #MandA #ImpactInvestmentBanking

Caisse de dépôt et placement du Québec (CDPQ) has announced an agreement to acquire a 25% stake in UK company First Hydro Company from Brookfield Asset Management and its partners, including Brookfield Renewable. ENGIE, the majority shareholder, holds the remaining 75% of First Hydro. First Hydro operates two power plants located in Dinorwig and Ffestiniog, Wales, with a total capacity of over 2000MW. These facilities account for 76% of the UK’s pumped storage capacity. They play a key role in supporting the country’s energy grid. The storage capacity provided by First Hydro is essential for maintaining grid flexibility and stability. Moreover, this is particularly important as the UK transitions to renewable energy sources. The parties expect to close the deal by the end of 2024, pending regulatory approvals and standard closing conditions. Read more: https://lnkd.in/eQ9dK-yi #hydropower #hydroelectric #acquisition

It was announced today that the headquarters for Green Volt, a joint venture between Flotation Energy and Vårgrønn, will be located in Aberdeen. It is expected to create up to 40 direct jobs in the Granite City. Commenting on the announcement, Neil Gordon, chief executive of Global Underwater Hub, highlighted the transformative potential of this development for both the region and the wider UK underwater sector, saying: “The decision to base the Green Volt project HQ in Aberdeen is excellent news for the city, which not only reinforces Aberdeen’s status as a world-renowned subsea centre of excellence, but also promises to create unparalleled opportunities for the UK’s wider subsea supply chain. “The future of floating offshore wind will be defined by the pioneering, innovative engineering and cutting-edge technology that the UK’s subsea supply chain is uniquely equipped to develop and deliver. As floating wind scales up globally, we have the opportunity to have “first mover” advantage that will power not only the UK’s renewable energy future, but also across the world. “With the right investment, alongside strong government and industry collaboration, we have the potential to stimulate economic growth across the entire subsea sector, creating a lasting legacy of innovation, skills development, and prosperity. As the global demand for renewable energy accelerates, this project will cement the UK’s position at the heart of the floating offshore wind revolution, ensuring we remain a key player in the future of energy on the world stage.” Read the full press release from Green Volt on the Global Underwater Hub website: https://lnkd.in/eih9bTEi #offshorewind #floatingoffshorewind #Aberdeen #renewableenergy #NorthEastScotland #investment