Lincs Wind Farm
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Lincs Wind Farm
The Lincs Wind Farm is a 270 MW offshore wind farm off Skegness on the east coast of England. The total cost of the project is estimated at £1 billion including electrical transmission links. The farm was completed in 2013. It is adjacent to the smaller Lynn and Inner Dowsing Wind Farm. History Centrica acquired the Lincs Wind Farm project in 2004 from Renewable Energy Systems, in 2008 the company obtained planning permission for the project. In December 2009 Ørsted A/S (then named DONG Energy) and Siemens Project Ventures jointly acquired 50% of the project (25% share each) for £50 million, plus 50% of the capital cost of the project. Preparatory construction work for the development included the extension of the National Grid electricity substation at Walpole, Norfolk, which began in April 2009. In June 2010 Siemens obtained the contract for the offshore electrical substation (£101 million). Transmission cables from offshore to onshore electrical ...
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North Sea
The North Sea lies between Great Britain, Norway, Denmark, Germany, the Netherlands and Belgium. An epeiric sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian Sea in the north. It is more than long and wide, covering . It hosts key north European shipping lanes and is a major fishery. The coast is a popular destination for recreation and tourism in bordering countries, and a rich source of energy resources, including wind and wave power. The North Sea has featured prominently in geopolitical and military affairs, particularly in Northern Europe, from the Middle Ages to the modern era. It was also important globally through the power northern Europeans projected worldwide during much of the Middle Ages and into the modern era. The North Sea was the centre of the Vikings' rise. The Hanseatic League, the Dutch Republic, and the British each sought to gain command of the North Sea and access t ...
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Port Of Hull
The Port of Hull is a port at the confluence of the River Hull and the Humber Estuary in Kingston upon Hull, in the East Riding of Yorkshire, England. Seaborne trade at the port can be traced to at least the 13th century, originally conducted mainly at the outfall of the River Hull, known as The Haven, or later as the Old Harbour. In 1773, the Hull Dock Company was formed and Hull's first dock built on land formerly occupied by Hull town walls. In the next half century a ring of docks was built around the Old Town on the site of the former fortifications, known as the Town Docks. The first was The Dock (1778), (or The Old Dock, known as Queen's Dock after 1855), followed by Humber Dock (1809) and Junction Dock (1829). An extension, Railway Dock (1846), was opened to serve the newly built Hull and Selby Railway. The first dock east of the river, Victoria Dock, opened in 1850. Docks along the banks of the Humber to the west were begun in 1862 with the construction of the We ...
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Seabed
The seabed (also known as the seafloor, sea floor, ocean floor, and ocean bottom) is the bottom of the ocean. All floors of the ocean are known as 'seabeds'. The structure of the seabed of the global ocean is governed by plate tectonics. Most of the ocean is very deep, where the seabed is known as the abyssal plain. Seafloor spreading creates mid-ocean ridges along the center line of major ocean basins, where the seabed is slightly shallower than the surrounding abyssal plain. From the abyssal plain, the seabed slopes upward toward the continents and becomes, in order from deep to shallow, the continental rise, slope, and shelf. The depth within the seabed itself, such as the depth down through a sediment core, is known as the “depth below seafloor.” The ecological environment of the seabed and the deepest waters are collectively known, as a habitat for creatures, as the “benthos.” Most of the seabed throughout the world's oceans is covered in layers of marine sediments. ...
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Levelised Cost
The levelized cost of electricity (LCOE), or levelized cost of energy, is a measure of the average net present cost of electricity generation for a generator over its lifetime. It is used for investment planning and to compare different methods of electricity generation on a consistent basis. The LCOE "represents the average revenue per unit of electricity generated that would be required to recover the costs of building and operating a generating plant during an assumed financial life and duty cycle", and is calculated as the ratio between all the discounted costs over the lifetime of an electricity generating plant divided by a discounted sum of the actual energy amounts delivered. Inputs to LCOE are chosen by the estimator. They can include the cost of capital, decommissioning, fuel costs, fixed and variable operations and maintenance costs, financing costs, and an assumed utilization rate. Calculation The LCOE is calculated as: : \mathrm = \frac = \frac :: : Typically ...
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Grimsby
Grimsby or Great Grimsby is a port town and the administrative centre of North East Lincolnshire, Lincolnshire, England. Grimsby adjoins the town of Cleethorpes directly to the south-east forming a conurbation. Grimsby is north-east of Lincoln, England, Lincoln, (via the Humber Bridge) south-south-east of Kingston upon Hull, Hull, south-east of Scunthorpe, east of Doncaster and south-east of Leeds. Grimsby is also home to notable landmarks such as Grimsby Minster, Port of Grimsby, Cleethorpes Beach and Grimsby Fishing Heritage Museum. Grimsby was once the home port for the world's largest fishing fleet around the mid-20th century, but fishing then fell sharply. The Cod Wars denied UK access to Icelandic fishing grounds and the European Union used its Common Fisheries Policy to parcel out fishing quotas to other European countries in waters within of the UK coast. Grimsby suffered post-industrial decline like most other post-industrial towns and cities. However, food pro ...
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Nexans
Nexans S.A. is a global company in the cable and optical fiber industry headquartered in Paris, France. The group is active in four main business areas: buildings and territories (construction, local infrastructure, smart cities / grids, e-mobility), high voltage and projects (offshore wind farms, subsea interconnections, land high voltage), data and telecoms (telecom networks, data transmission, FTTx, LAN cabling, hyperscale data centre solutions), industry and solutions (renewable energies, petroleum, railways and rolling stock, aeronautical and automation). It is the world's second largest manufacturer of cables after Prysmian S.p.A. In 2017, the Group had industrial presence in 34 countries with over 26,000 employees and sales of around €6.4 billion. Nexans was founded in 2000 as a business unit of the telecommunications firm Alcatel after its acquisition of a number of companies in the cable sector. It was spun out and listed on the Paris stock exchange the following ye ...
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Nick Clegg
Sir Nicholas William Peter Clegg (born 7 January 1967) is a British media executive and former Deputy Prime Minister of the United Kingdom who has been president for global affairs at Meta Platforms since 2022, having previously been vicepresident of global affairs and communications at Facebook from 2018 to 2022. Before joining Facebook, Clegg served as Deputy Prime Minister of the UK from 2010 to 2015 and as Leader of the Liberal Democrats from 2007 to 2015. He was Member of Parliament (MP) for Sheffield Hallam from 2005 to 2017. An " Orange Book" liberal, he has been associated with both socially liberal and economically liberal policies. Born in Buckinghamshire, Clegg was educated at Westminster School before going on to study at the University of Cambridge, University of Minnesota and College of Europe. He worked as a journalist for the ''Financial Times'' before becoming a Member of the European Parliament (MEP) in 1999. After his election to the House of Commons in ...
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MT Højgaard
MT Højgaard Group is one of the leading construction and civil engineering companies in the Nordic countries. The Group works with customers throughout Denmark and in multiple countries overseas. The company was founded in 2001, when Højgaard & Schultz and Monberg & Thorsen merged to form MT Højgaard. The Group consists of MT Højgaard as well as a number of specialized wholly and partly owned subsidiaries. MT Højgaard Group solves all needs within construction and civil engineering from designing to building bridges, housing and business property. The Group also works offshore and has installed the offshore wind turbine foundations. MT Højgaard's headquarters is located in Søborg, close to Copenhagen, and has local offices throughout Denmark and overseas. In 2014, the company had a turnover of DKK 7 billion and employed nearly 4,000 people. History Højgaard & Schultz was founded by Knud Højgaard and Sven Schultz in 1918 and Monberg & Thorsen was founded by Axel Monbe ...
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Bloomberg Businessweek
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City in September 1929. Bloomberg Businessweek business magazines are located in the Bloomberg Tower, 731 Lexington Avenue, Manhattan in New York City and market magazines are located in the Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan in New York City. History ''Businessweek'' was first published based in New York City in September 1929, weeks before the stock market crash of 1929. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made ''Businessweek'' one of the first publications to cover national political issues that directly impacted the b ...
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Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News, a news agency ** ''Bloomberg Businessweek'', weekly business magazine and website ** ''Bloomberg Markets,'' a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel ***Bloomberg TV Canada ***Bloomberg TV Philippines ***Bloomberg TV Malaysia ** Bloomberg Terminal, desktop terminal and software widely used in the financial industry ** Bloomberg Data, API product using sftp or web service protocols to retrieve market data ** Bloomberg Government, online news service c ...
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Nonrecourse Debt
Nonrecourse debt or a nonrecourse loan (sometimes hyphenated as non-recourse) is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender can seize and sell the collateral, but if the collateral sells for less than the debt, the lender cannot seek that deficiency balance from the borrower—its recovery is limited only to the value of the collateral. Thus, nonrecourse debt is typically limited to 50% or 60% loan-to-value ratios, so that the property itself provides "overcollateralization" of the loan. The incentives for the parties are at an intermediate position between those of a full recourse secured loan and a totally unsecured loan. While the borrower is in first loss position, the lender also assumes significant risk, so the lender must underwrite the loan with much more care than in a full recourse loan. This typically requires that the lender have sign ...
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Atkins (company)
Atkins is a British Multinational corporation, multinational engineering, design, planning, architectural design, project management and consulting services company. It is a subsidiary of SNC-Lavalin and is headquartered in London. The company was founded as WS Atkins & Partners by William Sydney Atkins, Sir William Atkins in 1938. It experienced rapid growth following the World War II, Second World War, performing specialist services in urban planning, town planning, engineering sciences, architecture and project management. The firm was admitted to the London Stock Exchange in 1996, trading under the name WS Atkins plc for a time before rebranding as Atkins during 2002. While Atkins largely focused on the UK market during its formative years, it has grown into an international firm with a global presence, as well as expanded into a wide range of sectors, including aerospace and high speed railways. By 2016, Atkins had become the UK's largest engineering consultancy, as well as ...
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