UK Green Investment Bank attracts pension schemes to wind farm fund

first_img“There is already some co-investment going on with the Saudi Arabian fund,” he told attendees at the event in London.At the time, a spokeswoman for the GIB said she was not familiar with the fund alluded to by the MP but added that any fund-raising announcements would be made in due course.The offshore wind warm fund, which has an expected lifespan of 25 years, has taken partial ownership of two assets and was hailed by the GIB as the first of its kind.Shaun Kingsbury, chief executive of the GIB, said offshore projects would play an important part in providing clean energy to the UK.“A sector this size needs a broad range of long-term investors, and those investors need products they can confidently, and commercially, invest in – like this fund,” he said.He added that the additional capital attracted to the market would allow wind farms’ original developers to sell down their stakes and finance new projects with the proceeds.GIB has transferred a partial stake of one project in North Wales, operational since 2009 and run by RWE Innogy UK, and a second stake in a wind farm located in Norfolk to the new fund. The bank has sought to attract third-party capital to funds, as its ability to borrow is directly linked to a reduction in the UK’s national debt.At the time of the announcement, then-UKSIF chief executive Penny Shepherd called linking its ability to borrow to debt a “missed opportunity”. UK pension schemes and a sovereign wealth fund have backed the Green Investment Bank’s first fund, targeting investments in offshore wind projects.The fund is the first launched by the UK green bank’s new fund management entity, UK Green Investment Bank Financial Services (GIBFS), and was announced last summer with a target raise of £1bn (€1.3bn). The unnamed institutional investors and other backers provided just over half of the £463m raised ahead of the first close, with GIB itself providing £200m in capital.Speaking at a GIB event last year, Michael Fallon, at the time a minister in the Department of Energy & Climate Change, seemed to hint that a Middle Eastern sovereign wealth fund had committed capital to the venture.last_img read more

Subsea 7 remains in red despite higher revenues

first_imgAccording to the company, the outlook for offshore oil and gas project awards remains positive with a steady improvement in tendering and award activity in the market, including progress on several large greenfield projects. Subsea 7’s pricing on new tenders has started to improve from a low level and over time is expected to return to more normal levels. There is a good level of tendering activity for offshore wind farms.Subsea 7’s guidance for the full year 2019 has been updated. Revenue is now expected to be broadly in line with 2018, Adjusted EBITDA is still expected to be lower and net operating income is expected to be positive.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options. ‘Positive outlook’  UK subsea engineering, construction and services company Subsea 7 recorded a loss during the first quarter of the year while its revenues increased driven by its SURF and Conventional business unit.Subsea 7’s net loss remained nearly flat totaling $19 million in the first quarter 2019 compared to the net loss of $18 million in the same period last year.In 1Q 2019, the entire net loss was attributable to the parent company’s shareholders compared to $10 million in the prior year period.The subsea company recorded an increase in revenues during the first quarter of the year which totaled $859 million compared to $809 million in the corresponding quarter of 2018.The higher revenue in the SURF and Conventional business unit compared to the prior year period more than offset the significantly lower revenue in the Renewables and Heavy Lifting business unit, which declined due to the substantial completion of the EPIC Beatrice wind farm project in 2018.Total vessel utilization was 68% in the quarter, 16 percentage points higher than the prior year period partly due to higher levels of Diving Support and Inspection, Repair and Maintenance (IRM) activity. There were 34 vessels in the fleet at the quarter end following the acquisition of a DSV, Seven Pegasus, in January.At the end of March 2019, the company’s order backlog of $5.2 billion included new awards and escalations totaling $1.1 billion.last_img read more

Raymond A. “Bill” Gulley, 82, Metamora

first_img            In addition to his wife of over 60 years, Patricia, he is survived by four children, Colleen (Jeff) Tincher of Brookville, Indiana, Natalie (Jeff) Whitaker of Metamora, Indiana, Lora (David) Smith of Brookville, Indiana and William “Bill” Gulley of Metamora, Indiana; a sister, Linda Riggs of Connersville, Indiana; 8 grandchildren, Katelyn Peace, Matthew Tincher, Ed Whitaker, Rebecca Whitaker, Patrick Whitaker, Shealyn Smith, Daniel Smith, and Curtis Smith; and five great-grandchildren.            Besides his parents, he was preceded in death by two sisters, Mary Witt & Bertha Smith; as well as half-siblings, Betty Lore;  Hubert, Joe & Jack Gulley.            Family & friends may visit from 11:00 A.M. until 1:00 P.M. on Saturday, March 23, 2019 at Metamora Church of God, 20152 U.S. Highway 52, Laurel, Indiana.            Rev. Wayne Ison will officiate the Funeral Services at 1:00 P.M. on Saturday, March 23, 2019 at the Metamora Church of God.  Immediately following the services there will be full Military Honors by the Bernard Hurst Post #77 of the American Legion.  Burial will take place in Metamora Cemetery at a later date.            Memorial contributions may be directed to Susan G. Komen for the Cure, or the Salvation Army.  Phillips & Meyers Funeral Home is honored to serve the Gulley family, to sign the online guest book or send personal condolences please visit www.phillipsandmeyers.com . Raymond Allen “Bill” Gulley, age 82, of Metamora, Indiana died early Thursday morning, March 21, 2019 at Margaret Mary Hospital in Batesville, Indiana after a brief illness.            Born November 21, 1936 in Metamora, Indiana he was one of four children born to the late A. Cohen & Clara (Sintz) Gulley.  After graduation from the former Brookville High School, he  enlisted in the United States Marine Corps where he served for 10 years attaining the rank of Staff Sergeant, having served as a Helicopter Crew Chief.            On January 31, 1959 he was united in marriage to the former Patricia Gordon, and they recently celebrated their 60th wedding anniversary.              Bill was retired having worked as a general contractor for much of his life.  He took pride in restoring old buildings throughout the area especially in his hometown of Metamora.  He along with his wife Pat, owned & operated several shops in Metamora over the years; The Metamora Maid, Sugarloaf Weavers, The Metamora Inn Bed & Breakfast and the Corner Post Picture Shop & Bed and Breakfast.             In his leisure time he enjoyed hunting, fishing and the outdoors.  He Co-Pastored the Victory Bible Church in Metamora along with his wife Pat for many years.  He will long be remembered as a very benevolent man who took pride in his hometown and country.last_img read more

High school baseball roundup

first_img Like he did in the ’60s, Noel Paul Stookey sings out in troubling times – December 27, 2017 Caribou 3, Ellsworth 2Righthander Hunter Cote turned in a stellar pitching performance, allowing just two hits, and the Eagles rallied for five runs in the top of the seventh inning to nip the host Vikings 7-3 in the first game of a doubleheader on Wednesday, May 21, in Caribou.Cote went the distance on the mound as the Vikings scored two unearned runs in the first inning and another in the sixth.Ellsworth scored a run in the second on a solo home run by Sid St. Peter, and added another in the fifth when Nick Bagley walked and scored oin a double by Steve Mahon.The Eagles’ seventh inning rally started with a walk to Cooper Henderson and Cote followed with a double.Before the inning was over, Bagley and Mahon reached base on fielder’s choices with two runs scoring, Connor Maguire singled to drive in Mahon and Bagley and Brandon Braley reached base on a fielder’s choice and scored on a wild pitch.Charlie Libby was the hard luck loser for the Eagles in game two as Dylan Berkoski doubled and scored on a game-ending single by Michael Hunter in the bottom of the seventh.Ellsworth had knotted the scored at 2-2 in the top of the sixth when Maguire reached on a fielder’s choice and scored on a double by Braley.Mahon, Maguire, St. Peter, Mitch Domagala and Cote all singled for the Eagles.GSA 3, MDI 2Will Entwistle and Anthony Bianco combined on a two-hit pitching performance as the Eagles nipped the Trojans 3-2 in Blue Hill on Wednesday, May 21.Bianco came on in relief of Entwistle with two outs in the sixth inning and GSA leading 3-2, and slammed the door on the Trojans in the seventh.Bianco also had a run-scoring single for the Eagles, who also managed just two hits against MDI pitchers Jon Phelps and Steve Hanscom.Tom Paola had a double for the Trojans.Bucksport 3, Orono 0Righthander Carter DeRedin turned in yet another stellar pitching effort for the Golden Bucks, yielding just four hits and striking out 15 batters in a 3-0 shutout over the Orono Red Riots on Wednesday, May 21, in Orono.Jake Gauvin doubled and singled and scored two runs and Josh Gray had a two-run single for the Golden Bucks.Searsport 4, Sumner 2Searsport came up with two runs in the top of the eighth inning to nip the Tigers 4-2 on Wednesday, May 21, in Sullivan.Troy Reynolds and Sumner’s Isisiac Christiansen went the distance on the mound, Reynolds allowing two hits and Christiansen yielding just four, including Jake Powell’s game-winning single in the eighth.Old Town 4, Ellsworth 0Garvey Melmed pitched a six-hit shutout and struck out nine batters for Old Town as the Coyotes downed the Eagles 4-0 on Thursday in Old Town.The Coyotes scored the only run they needed in the first inning, but added three more in the fourth against Nick Bagley, who went the distance on the mound for the Eagles, scattering six hits.Bradon Braley and Steve Mahon doubled and Connor Maguire had a pair of singles for the Eagles.Bucksport 5, Searsport 0Jake Gauvin pitched a one-hit shutout as the Golden Bucks notched their 11th consecutive win with a 5-0 victory over the Searsport Vikings at Bucksport on Friday.Carter DeRedin drove in two runs on three singles, Dylan Soper singled with an RBI and Tyler Maguire doubled for the Golden Bucks in their eight-hit attack.Washington Academy 6, Ellsworth 3The Ellsworth Eagles cranked out nine hits but managed just three runs in a 6-3 loss to the Washington Academy Raiders on Friday in East Machias.Conor Maguire had three singles, Nick Bagley singled twice and Brandon Braley slammed a two-run triple in the top of the seventh for the Eagles.Sid St. Peter, Cooper Henderson and Aaron Malone also singled for Ellsworth.GSA 3, Dexter 0The GSA Eagles claimed their sixth consecutive win on Saturday as Wes Herrick pitched a two-hit shoutout with seven strikeouts in a 3-0 victory over the Dexter Tigers in Dexter.Anthony Bianco doubled and singled, Cooper Smallidge singled twice and Harrison Vinall had a run-scoring single for the Eagles.MDI 4, Old Town 0The MDI Trojans managed just four hits but scored four times in the third inning to give righthander Steve Hanscom all the support he needed in a 4-0 win over the Old Town Coyotes on Saturday in Bar Harbor.Hanscom went the distance on the mound, allowing just four hits, and Riley Swanson had a run-scoring single for the Trojans.Bangor Christian 21, DI-Stonington 0A pair of Bangor Christian Patriots pitched a five-inning no-hitter as the Patriots took advantage of 10 errors in crushing the Mariners 21-0 on Saturday in Bangor.Find in-depth coverage of local news in The Ellsworth American. Subscribe digitally or in print. Latest posts by Hugh Bowden (see all) Latest Posts Hugh BowdenExecutive EditorHugh writes editorials, covers Hancock County sports and helps out where needed in The American’s editorial department. When he’s not on the sidelines, he enjoys playing jazz and tennis. hbowden@ellsworthamerican.com Is this the kind of government we deserve? – July 10, 2017 Bio GSA surges in 4th to win Northern Maine title – February 26, 2017 Ellsworth righthander Conor Maguire pitched a fi ve-hitter in the Eagles’ 5-2 win over Bucksport Tuesday.BUCKSPORT — The Ellsworth Eagles needed a win on Tuesday to play their way back into contention for an Eastern Maine Class B baseball playoff.And the Eagles got one — a big one — as they snapped an 11-game winning streak for the Bucksport Golden Bucks with a 5-2 victory on the Bucks’ home field.Righthander Conor Maguire turned in a superb pitching effort for Ellsworth, allowing just five hits over seven innings and striking out four.Maguire was helped by the stellar defensive play of the Eagles — particularly that of shortstop Brandon Braley and first baseman Steve Mahon.This is placeholder textThis is placeholder textThe Eagles got all the runs they needed in the first inning against lefthander Asher Bowden, who started on the mound for Bucksport.Mahon led off with a walk and Maguire lofted a single into short left field. Both runners advanced on a passed ball, and Mahon then scored on a wild pitch.Braley doubled to drive in Maguire and scored one out later on a double by Nick Bagley.A single by Hunter Cote drove in Bagley with the fourth run of the inning.Bucksport got on the board with a solo home run by Jack Cyr in the bottom of the first, and added a run in the bottom of the third when Josh Gray beat out an infield single, stole second and scored on a single by Cyr.Righthander Carter DeRedin came on to pitch for Bucksport in the fourth and struck out the side, but Mahon — his third victim — raced to first when the third strike got past catcher Ryan Grindle.Maguire followed with a single and Braley drilled his second double to score Mahon with Ellsworth’s fifth run.Grindle and Dylan Soper singled for Bucksport in the bottom of the fourth, but Maguire slammed the door after that, pitching no-hit ball the rest of the way.Mitch Domagala each had a pair of singles and Cooper Henderson singled for the Eagles.In other action Tuesday, the Mount Desert Island Trojans managed just two hits as they fell to the John Bapst Crusaders 4-0 in Bangor.The 7-6 Trojans currently are ranked fourth in Eastern Maine Class B, while Tuesday’s win boosted the 5-8 Eagles to 11th among the 13 teams currently in playoff contention.In the Class C standings, 11-2 Bucksport is ranked second and the 9-3 George Stevens Academy Eagles are third.The 2-10 Sumner Tigers in Class C and the 1-8 Deer Isle-Stonington Mariners in Class D are out of the playoff picture.In earlier action:Ellsworth 7, Caribou 3last_img read more

GBBC `Bad Intentions’ boxing card It’s not your time, Corley warns Gonsalves

first_imgFORMER American World Boxing Organisation (WBO) super lightweight champion, DeMarcus `Chop Chop’ Corley, yesterday warned Guyana’s Dexter `The Cobra’ Gonsalves that the time is not right for him (Gonsalves) to become a champion.This utterance was made yesterday when the two boxers faced members of the media at the pre-fight press conference at the Giftland OfficeMax Mall, Liliendaal, East Coast Demerara.The two will square off tomorrow night in the feature bout of the Guyana Boxing Board of Control’s (GBBC) `Bad Intentions’ boxing card fixed for the Giftland Mall.Five bouts are carded on the night’s programme which begins at 20:00hrs.Asked what his chances are, coming up against a very experienced opponent in Corley, Gonsalves’ response was, “I’ve been training extra hard for this fight and I’ve watched tapes of his fights and have been working on his shortcomings. I notice he has faults and I will work on those faults since this fight means a lot to me and my family,” Gonsalves said, and then added, “`Chop Chop’ you had your time, now it is my time.”To this the American, who has a record of 46-1-27-26 KOs and was a world champion from 2001 to 2003, then boldly stated, “Dexter said it is his time, I understand that …but I will show you, it’s not your time, I will show you, when you fight someone like me it’s not your time, when you fight someone with 76 fights, it’s not your time.”Gonsalves (8-12), however, said he is not bothered by Corley’s utterances and he (Gonsalves is very confident of winning the World Boxing Council’s (WBC) FECABOX lightweight title tomorrow night.According to GBBC president Peter Abdool, a win for either of the two fighters will give him a ranking of #15 on the WBC list and will be a step closer for a WBC world title crack.Gonsalves’ last fight was against former world-rater Clive Atwell. In that fight, Gonsalves won by a TKO in the 10th round and since then he (Gonsalves has not fought again.Corley thanked the GBBC for allowing him the opportunity to fight in Guyana and also thanked Gonsalves for agreeing to fight him (Corley). “It’s going to be a great fight,” Corley predicted.Gonsalves also thanked his opponent for signing the contract and said he is looking forward to a clean fight. “I know `Chop Chop’ fought some great fighters but he will now get a chance to fight a real great Guyanese.”The main supporting bout on the five-bout card brings together Mark Austin and Jamaica’s Richard `Frog’ Holmes in an eight-round middleweight contest.Imran Khan will meet Quincy Gomes in a six-round lightweight bout, Anthony Narine makes his debut as a professional in a four-round contest against Keve Allicock and the opening fight is a four-round super middleweight bout between Kelsey George and Charwin Estwick.last_img

North vs South Rugby on this weekend

first_imgTHE Guyana Rugby Football Union (GRFU) will be resuming its domestic season on Saturday, January 14, 2017.The tournament dubbed ‘North vs South’ will be exciting, as the national players, along with the vibrant youth ruggers, will be combining in trialling rivalry.Due to the intensive rainy season, the union was forced to halt all scheduled matches as the inclement weather adversely affected the conditions of the pitch, rendering it unsafe.Nevertheless, during the holidays, players were urged to keep fit and were seen complying, in anticipation of the resumption of both the domestic and international seasons.Match-time is 16:00hrs at the National Park Rugby Field and all players and officials are asked to be punctual.last_img read more

Football: Wisconsin scuffles against Northwestern, able to escape with victory at home

first_imgWhat a difference one week can make.Just a week after the University of Wisconsin football team (4-0, 2-0 Big Ten) dismantled the Michigan Wolverines, Wisconsin came against the Northwestern Wildcats (1-3, 0-2) and looked like a different team.A great kick return by Aron Cruickshank gave the Badgers field position near midfield to open the game, allowing Wisconsin to get in the end zone quickly. Wisconsin’s touchdown seemed to continue their impressive play from early in the season, but that was not the case.Head Coach Paul Chryst made some decisions that seemed to revert back to his old playing style, as he coached conservative football after being aggressive in the team’s first few games of 2019.Despite starting with the ball near midfield on just about every drive, Wisconsin struggled to get anything going. Taylor did manage to put up another 100 yard performance, finishing with 119 rush yards to go along with a touchdown and 15 yards receiving.Football: Northwestern in crosshairs of undefeated BadgersFollowing a statement victory against No. 11 Michigan (2-1, 0-1 Big Ten), the Wisconsin Badgers (3-0, 1-0) look to continue Read…Meanwhile, junior quarterback Jack Coan had his worst game in a Wisconsin uniform, finishing with just 113 yards and his first interception of the season. Overall, the offense scuffled and took few risks, including just one attempt on fourth down after going 3-for-3 a week ago.The defense ultimately saved Wisconsin, holding Northwestern to their half of the field for most of the game and preventing them from getting anything going with dual-threat sophomore quarterback Hunter Johnson under center.A game-changing play came from junior safety Eric Burrell in the third quarter, potentially changing the outcome of the game.Burrell — who missed the first half of the game after being ejected in the second half of the Michigan game — came out in the third quarter and forced a fumble that was recovered for a touchdown, giving Wisconsin a 14–3 lead.Burrell finished the game with four tackles, a sack and a forced fumble — an impressive stat line considering he only played one half.Football: Previewing Big Ten West before major conference gamesThe University of Wisconsin football team (3-0) has looked like a complete team through their first few games of 2019. Read…Wisconsin tacked on another defensive touchdown when junior linebacker Noah Burks returned an interception 68 yards for the touchdown in the final quarter of play, extending Wisconsin’s lead to 24–3. Chryst was among those who felt the defense played a major role in the win.“Proud of the way the guys battled against a really good football team,” Chryst said. “Our defense was big today, in so many different ways.”Wisconsin won the game by a final score of 24–15 as the defense continued their early season domination, finishing with three turnovers and two defensive touchdowns.Wisconsin’s next game is against Kent State Oct. 5 at Camp Randall Stadium. The game will have an 11 a.m. start time as Wisconsin looks to win their fifth straight game to start the season.last_img read more

Tipp left rueing missed opportunity against Roscommon

first_imgThe Tipperary management team admits the Premier snatched defeat from the jaws of victory against Roscommon yesterday.Having won their opening match in the National Football League against Cork, Tipp went into yesterdays game at home to the Connacht champions knowing victory would set them up nicely for the rest of the Division 2 campaign.Things were well on track as they held a 6 point lead in the closing minutes only to see Roscommon hit 8 without reply. Tipp coach Shane Stapleton says the defeat was hard to take.last_img read more

PGA @ 50 Set to Reposition Golf in Nigeria

first_imgShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram As part of activities to celebrate of its 50th anniversary, the Professional Golfers’ Association of Nigeria (PGAN), with the theme, ‘Advancing Golf Professionalism’, on Friday at the Golf View Hotel and Suites, GRA, Ikeja, Lagos, unveiled seven of its  members for the Hall of Fame.Speaking at a press conference to herald the occasion, General Manager, PGA, Mike Alika, said the Hall of Fame award would be an annual event as a way of encouraging members that have served the association creditably well and have contributed immensely to the growth and development of the association, and also as a way of raising bar for members.Those that were awarded are Patrick Okpomo, Lateef Lasisi, Tony Uduimo, Andrew Oche Udoh, Peter Akakasiaka, Festus Makalemi and Samson Lawal. According to the Chairman of Seventh Sport International Limited, the marketer that will be driving everything happening at PGA, Mr. Daisi Olotu, PGA will be having at least one quality tournament every month, with the aim of producing seasoned golfers in the mold of Tiger Woods.Meanwhile, the PGA first tournament to mark its 50th anniversary will begin on August 19th to 25th at the Ibom hotel and golf resort, Akwa Ibom State, while two other tournaments would be organized before the year runs out.  last_img read more

Messi injured in Barca draw

first_imgLionel Messi was forced off at half-time with a hamstring injury as Barcelona drew 1-1 with Atletico Madrid in the first leg of the Spanish Super Cup at the Vicente Calderon Stadium.Messi, who scored two goals in the 7-0 rout of Levante last week, did not emerge after the break and was replaced by Cecsc Fabregas in a game which saw goals for both clubs’ big summer signings.David Villa put the hosts ahead on 12 minutes with a wonderful volley from Arda Turan’s cross and the former Barcelona man almost made it two soon after only for Gerard Pique to block his effort.That allowed Neymar, on as a second-half substitute, to score his first Barcelona goal, meeting Dani Alves’ hanging cross at the back post with a smart header on 66 minutes.Both keepers made smart saves in a stretched end to the game to ensure neither side will take an advantage into next Wednesday’s second leg at the Nou Camp.On Messi’s injury, Barca boss Gerardo Martino said: “He picked up a knock and when a player has an injury or a knock which impedes them from playing it does not make much sense for them to stay on the pitch.”last_img read more