Macquarie Capital News

China’s robust export growth likely moderated in July amid an acceleration in COVID-19 cases globally and continuing severe pressure on global supply chains, a Reuters poll showed on Friday.Although there are signs China’s strong industrial recovery in the first half of the year may be losing some momentum, overseas demand has remained strong in recent months even as factories in many countries return from lockdowns.Headline trade numbers are also being helped by the statistical…

UK-based offshore technology services provider First Subsea has delivered beach landing cable protection for three export cables on the 120MW Formosa 1 Phase 2 offshore wind farm in Taiwan.According to the Lancaster-based company, the contract was awarded by  Jan De Nul Group, EPCI contractor for delivery and installation of the project’s cables and foundations.Three systems, each 250m in length were contracted in Feb 2019 and delivered on time at the end of March 2019. The protection system is designed for an export cable diameter of 158mm with a bending radius of 2.37m.First Subsea project manager, Ross Carrington, said, “The delivery…

Jumbo reports completion of a shipment of the "heaviest, tallest and the largest diameter "Transition Pieces (TP’s) it has ever transported.The TP’s were shipped for Jan De Nul Group in cooperation with brokers Multi Marine Chartering B.V. from Laem Chabang to Taichung, where they will form part of Taiwan’s Formosa 1 Phase 2 Offshore Wind Farm (OWF).The Formosa 1 OWF will have a total capacity of 128MW once built and commissioned. Phase 1 of Formosa 1 features two Siemens 4MW demonstration turbines, the first ever wind turbines to be installed off Taiwan.

The provider of specialized services for the offshore industry, Jan De Nul Group said that its cable laying vessel Willem de Vlamingh has completed installation of the three export cables at the 120MW Formosa 1 phase two offshore wind farm in Taiwan.The maritime infrastructure main focus is dredging has a engineering procurement construction and installation (EPCI) contract for overall balance of plant at the project."As part of Jan De Nul Group’s EPCI contract for building of the overall Balance of Plant, Jan De Nul Group mobilized its Cable Laying Vessel Willem de Vlamingh to install the 17 inter array and 3 export cables," said a press release from the company.These three export cables have been successfully installed within one week.

The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure are prepared to buy a 30 percent stake in Associated British Ports for about 1.6 billion pounds ($2.4 billion). Associated British Ports is Britain's leading port operator, with 21 ports in England, Scotland and Wales. The deal will allow the Hermes-CPPIB consortium to acquire a further 3.33 percent in the company, depending upon pre-emption rights, the buyers said in a statement on Tuesday. Infrastructure assets are attractive to institutions like pension funds because of the long-term investment opportunity and stable returns that they represent. Hermes Infrastructure, part of British-based fund Hermes Investment Management, and CPPIB will buy the stake from GS Infrastructure Partners and Infracapital.

DONG Energy A/S London Array, a joint venture owned by DONG Energy (50%), E.ON (30%) and Masdar (20%), have announced  an agreement for the sale of transmission assets at the world’s largest offshore wind farm to Blue Transmission London Array Limited. London Array Wind Farm is located around 20 km off the coasts of Kent and Essex on a 100km2 site. Its 175 Siemens 3.6MW turbines have a combined capacity of 630MW and are expected to produce enough electricity to power over half a million UK homes each year. The divestment takes place pursuant to the Offshore Transmission Owner (OFTO) regime. Following a competitive tender, Blue Transmission London Array Limited was in September 2012 selected by Ofgem as preferred bidder for the London Array offshore transmission licence.