Clipper Windpower Share Discussion Threads

[ishwar] 31/12/2009 12:01

I am not able to see much info on the Clippers involvement for Round 3 (Crown Estate) projects. Are we expecting Clipper to benefit from the Round 3 annoucements next week. TIA.

[gbb483] 27/12/2009 21:03

Re: the Grauniad article - UTC haven't spent £126m - they've put in an offer which is conditional and dependent on shareholder approval. Read the RNS for the story from the horse's mouth.

[wookie77] 23/12/2009 09:39

CWP Chart looks pretty bullish for quite a large breakout. Anyone else tracking these?

[e-boffin] 11/12/2009 11:01

United Technologies Corporation, the maker of Sikorsky helicopters, has come to the rescue of Clipper Windpower and secured the future of the huge Britannia offshore turbine being developed in the north-east of England.

UTC, which also makes Pratt & Whitney aero engines, has spent £126m buying a 49.5% stake in loss-making Clipper, which is listed on London's junior Aim market but has most of its sales in the US.

[qipincha] 10/12/2009 15:45

what happen today?

[investinggarden] 23/11/2009 11:26

Big pay days for AIM

[ed winchester] 24/10/2009 15:21

Wind Energy in Taiwan: SeaEnergy and TGC develop offshore windfarm projects

24 de octubre de 2009

A leading British renewable energy development company is planning to enter a partnership with a Taiwanese firm to further develop wind power in Taiwan, according to a recent newsletter published by the British Trade.

SeaEnergy PLC and Taiwan Generations Corporation (TGC) will sign a memorandum of understanding Oct. 27 to jointly develop offshore windfarm projects in Taiwan, the newsletter said.

"This joint project by SeaEnergy and TGC will be the first offshore windfarm collaboration between the U.K. and Taiwan, which also demonstrates the international and local business support for the government's policy," the BTCO said.

The British representative office was referring to the passage of a long-awaited renewable energy development statute that cleared the legislative floor June 12. The legislation lays down a legal framework for encouraging investment in renewable energy production and offering incentives to local consumers who install renewable energy equipment.

In addition to permitting state-run Taiwan Power Co. to buy electricity generated by private renewable energy investors, the bill also authorizes the government to take measures to expedite the development of renewable energy technologies.

According to the BTCO, SeaEnergy is the only listed offshore wind energy company in the U.K. and an expert in the field.

TGC, which is a leading local offshore windfarm development company and one of Taiwan's few energy project development firms, has conducted nearly 5 years of feasibility studies for a Changhua offshore windfarm project and has already secured 11 permits and approval from the central government and the local authorities.

TGC is attempting to establish a platform for international players to bring in resources and successful development experience that can help Taiwan meet the goal of renewable energy development and win global recognition in the field.

According to the Council for Economic Planning and Development (CEPD) , installed local wind power capacity in 2008 reached 358,000 kilowatts, making the country the world's 23rd-largest producer of wind power.

Under a new government policy to develop green energy, Taiwan aims to boost wind power capacity to 980,000 kilowatts by 2010, to 1.48 million kilowatts by 2015 and to 3 million kilowatts by 2025, the CEPD said.

Ramco Energy, the Aberdeen-based energy investment company, aims to become the UK's first publicly-quoted specialist offshore wind company.
Renamed SeaEnergy Plc, the company wants to be at the forefront of what it considers to be the UK's enormous potential for offshore wind opportunities.

Stephen Remp, executive chairman of Ramco Energy said: "The offshore wind opportunity is truly enormous, with over £130 billion of investment envisaged over the next 11 years through the Scottish and UK Offshore Rounds. The North Sea is once again opening up for development, this time driven by the global demand for clean energy, and SeaEnergy will be at the heart of this revolution."

Ramco has prior experience of offshore wind through its marine renewable subsidiary company, SeaEnergy Renewables Limited (SERL), which was launched in June 2008.

SERL conceived, developed and delivered the world's first deep water wind farm development, a 10 megawatt (MW) offshore wind farm dubbed the 'Beatrice Project'. It involved the installation of two of the largest wind turbines (5 MW each) ever deployed offshore, at water depths of 45 metres.

Ramco believes the skills and expertise developed in the Beatrice Project, along with its team's expertise in delivering deep water offshore developments in the oil and gas industry, will ensure that the new SeaEnergy company is in a strong position in the emerging offshore renewables industry.

"SeaEnergy's unique experience in the successful development of deep water offshore wind turbines – an industry first – is reflected in the quality of our partnerships already formed with major European utilities," said Remp.

Although Ramco is unsure how long it will take to exit all their other business interests, so far SeaEnergy has managed to secure a 25 per ent interest in two joint ventures to develop offshore wind farms with a total capacity of over 1800MW with partners Scottish & Southern Energy (Airtricity) and RWE AG (npower).

SeaEnergy PLC (formerly Ramco Energy plc) is an offshore wind development company, based in Aberdeen, Scotland. SeaEnergy is AIM listed under the ticker SEA.

In September 2009 the Board of Ramco Energy plc made the strategic decision to exit its oil & gas investments over time and focus purely on its offshore wind business. Shareholders ratified that decision at a General Meeting on 24 September, voting to change the company's name to SeaEnergy PLC.

SeaEnergy PLC, through its 80% subsidiary SeaEnergy Renewables Limited, has interests in two offshore wind farm sites, one in a joint venture with Airtricity and another with RWE npower.

[ed winchester] 20/10/2009 20:16

Apologies gbb

just rechecked the header, the links have been replaced, the new ones are :

Feb 2009 :



Sept 2009 :



March 2009 :



Sept 2009 :

[gbb483] 20/10/2009 19:01

None of the frostupload links work (A Database Error Occurred - Unable to connect to your database server using the provided settings.)

[ed winchester] 19/10/2009 09:29

For anyone else who wants to know more about the company, they have issued a new presentation :

[ed winchester] 19/10/2009 09:29

LPF

Not enticing you to buy the stock.

Someone asked about other wind energy stocks and so gave information on SeaEnergy (SEA). SeaEnergy is UK's only publicly quoted pure-play offshore wind Company.

Also was just correcting some of the stuff you had posted regarding SEA.

[lpf] 19/10/2009 07:16

Yes, I've seen the very rampy thread, Ed. And thanks for bringing it over here too. One of the best anti-SEA statements there could possibly be - SEA may do well, but while it's got the baying hordes of advfn oilies in it, I'll stay clear, ta. Plenty of other places to make money. But good luck with your holding.

[ed winchester] 18/10/2009 21:06

LPF

ref : SEA (SeaEnergy)

they have placed £7.5m worth of shares recently (@55p).

Their debt is £3m. £1m of that is convertible to shares.

It has secured 456MW (net) offshore windfarm licenses through participation in the Scottish Round (awarded Feb 09). In those contracts it has JV with SSE Airtricity and RWE npower (multi billion pound FTSE 100 companies).

It has also JVd with EDP Renewables (world's 4th largest wind energy company) - bidding for R3 offshore wind farm linceses (to be announced soon).

So you have 3 multi billion utility and power companies Joint Venturing with SeaEnergy - ask yourself why ?

Its management team is the team that developed and constructed the world's first deepwater wind farm, which involved the installation of the two largest wind turbines ever deployed in offshore waters (5MW each). (Beatrice Wind Farm).

Broker notes for SeaEnergy :

Feb 2009 :


Sept 2009 :


March 2009 :


Sept 2009 :



see the website :




Please see the header on the forum :

[imabastard] 18/10/2009 19:59

Hyper .... SEA was ROS a short while ago.

[hyper al] 18/10/2009 10:11

LPF

Thanks for detail

[lpf] 18/10/2009 10:10

SEA is AIM, £30m market cap, track record of failure to deliver, but if it can actually pull its finger out, it could have decent prospects. May need a complete change in management to do this. But it has just £1m in cash, £4m in borrowings, and lost £3m last year, forecasts are for £4m loss this year (£2.5m lost in H1). If it can survive long enough to start building round 3 offshore, it could do well. I don't expect that. I think it's more likely to get swallowed up by an R3 partner at a very cheap price or D4E swap.

[lpf] 18/10/2009 10:07

$40m cash left at 30/9/2009.
Cash burn of $20m/month.
Eek.

[hyper al] 18/10/2009 10:07

asparks

SEA is offshore windenergy, but I don't think it's AIM

[nofool] 18/10/2009 09:39

What entry level are you waiting for asparks?

145 - 150?

[asparks] 14/10/2009 09:47

I am out of CWP for the time-being. Happy with a 25% rise. Will be back....

[asparks] 06/10/2009 08:08

I agree - would NEVER invest in corrupt regimes

[lpf] 06/10/2009 08:03

On AIM? Dunno - very few, I should think. This is an industry with a worldwide turnover in the tens of billions. Vestas, Gamesa, Suzlon, GE, Enercon (privately held), Siemens, RePower, Nordex. Maybe there's some dodgy stuff in China or India that's on AIM, but that in itself would be reason enough to avoid it.

[asparks] 05/10/2009 12:11

I agree. Difficuly to call. Holding for now. What other wind power co's are there on AIM?

[lpf] 05/10/2009 11:50

Given the cash burn and consequential impending solvency issue, I'd say it's looking pretty full-priced right now. Bit of a quandary for holders: the rising price may drive away the potential investment; a falling price means much higher dilution.