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A rapidly evolving and award winning new subsea business has secured £60,000 in public sector funding to support its business growth and expansion overseas. The cash boost from Scottish Enterprise and Scottish Development International will help ROVOP, based in Westhill, Aberdeenshire, to both explore international business growth opportunities and undertake business improvement activities. Specifically, the […]
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Regen SW published an article titled “UK Offshore wind: Who actually owns it?” today. You can read the article below. Recent weeks have seen mixed news for the offshore wind sector in the UK, including the positive announcement of the final investment decision for 588 MW Beatrice and the more disappointing news that the Neart na Gaoithe […]
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Global Renewable Energy Company Mainstream Renewable Power (Mainstream) has announced the successful signing of a corporate facility for up to EUR 60 million provided by Macquarie Group (Macquarie). Under the terms of the transaction Mainstream will receive an initial EUR 40 million corporate-level facility, with provision for an additional EUR 20 million of capital at […]
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James Hunt (Interconnectors & Cables Lead, Xodus) and Matt Blythe (Co-Founder, Continuum Industries), explain why offshore wind developers need to understand how more detailed and early optioneering on marine export cable routes can generate financial value at EVERY stage of their project The first priority for offshore wind developers that have secured sites in recent […]
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The Government is considering a bonfire of red-tape to tackle delays holding back the Westcountry’s marine power industry. Energy Minister Greg Barker agreed to an emergency summit against fears that gold-plated regulations are stopping wave energy developers getting into the water. The sector is vital to transforming the economy of the South West, which was […]
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New hydrokinetic energy technologies that generate electricity by harnessing the energy from ocean waves, tides, and river currents are advancing toward commercial development in the United States. They are not expected to add major power supplies anytime soon, but federal regulators this year approved licenses for two hydrokinetic energy projects to produce electricity from wave […]
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Authorities, Business & Finance
Chief Secretary to the Treasury, Danny Alexander has today (23 August 2013) announced that next year’s Coastal Communities Fund will be worth £29 million, an increase of 5% from last year. The Coastal Communities Fund was launched in 2012 to invest in seaside towns and villages, helping them achieve their economic potential, reduce unemployment and […]
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Business & Finance, Vessels
Danish wind farm installation vessel owner and operator Cadeler A/S said that the company tripled its revenue in 2021 and returned to profitability. The revenue for 2021 totaled EUR 61 million, an increase of 212 per cent against EUR 19.5 million in 2020. The growth reflects a 77 per cent utilization rate of the vessels […]
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A £6.5 million investment to deliver a new generation of engineering leaders in renewable energy was announced today by the Business Secretary Vince Cable. Leading universities and industry will provide training for up to 50 of the best engineering students as part of a new Industrial Doctorate Centre in Offshore Renewable Energy (IDCORE). Working […]
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Iberdrola is committed to promoting offshore wind power as one of the basic pillars in its future growth. It is determined to spearhead the development of this technology, which it considers to be the second revolution in renewable energies, just as it did in the case of onshore wind power, where it is the world […]
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Gamesa, a global wind power technology leader, continues to make progress on the implementation of its offshore wind market strategy. The latest milestone is the decision to start the permitting process for the installation of its first offshore prototype, the G128-5.0 MW (50 Hz), at Arinaga Quay in Gran Canary Island (Canary Islands, Spain). Gamesa […]
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Maersk Training Newcastle is celebrating after welcoming its first female delegate through the doors – a trend the company hopes will start a new influx of women into the wind industry. Jennifer Menmuir, a Siemens graduate trainee, aged 25 from Falkirk in Central Scotland was the first woman to complete a two day specialist working […]
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SSE has disclosed its intention to narrow significantly the focus of its near term development plans for its offshore wind projects. Following the conclusion of a strategic review of its offshore wind development portfolio, the company decided to focus its efforts and resources on progressing the Beatrice project. Beatrice In view of the fact it […]
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Three high-profile business leaders have been appointed as directors to the Board of Aberdeen Renewable Energy Group (AREG), collectively bringing a considerable breadth of experience to help further position the region at the forefront of the sustainable energy industry. The appointments, which were elected by associate members, have been announced following AREG’s Annual General Meeting […]
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Source: Bureau Veritas/ORE Catapult; Fifth Ring Bureau Veritas and the Offshore Renewable Energy (ORE) Catapult have entered into a collaboration agreement to jointly develop a Veristar AIM 3D “Digital Twin” of ORE Catapult’s 7MW Levenmouth Offshore Wind Demonstration Turbine in Fife, Scotland. “Digital Twins” can improve the operations and maintenance of offshore wind farms by […]
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Subsea engineering specialist, Ecosse Subsea Systems Ltd (ESS) has posted a 72% increase in revenue and a £1 million profit in its latest published accounts. The Aberdeenshire-based business has extended its oil and gas expertise into the emerging renewables market and forecasts turnover in the current year will increase to £13 million, and are targeting […]
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Ecosse Subsea Systems (ESS) has been awarded its largest boulder clearing and multi-pass trenching contract to date by Siem Offshore Contractors. ESS will deploy its SCAR plough system for clearing and pre-lay trenching operations on a 90km route on the EnBW owned Baltic 2 offshore wind farm project. Baltic 2 is an 80 turbine development […]
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SSE plc remains on course to deliver an increase in the dividend per share, an increase in adjusted profit before tax for the financial year to 31 March 2012 and to deliver on its key operational goals. This Interim Management Statement includes updates on operations, major projects, issues such as household customers’ energy consumption, other […]
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DONG Energy’s earnings were 14% higher in the first nine months of 2015, compared with the same period last year, the company reported today in its interim financial report for 9M 2015. DONG said earnings (EBITDA) were up by 14% in the first nine months from DKK 13.0 billion (approx. EUR 1.7 billion) in 2014 to DKK 14.8 billion (approx. […]
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Ecosse Subsea Systems (ESS) has reported a successful start to a 10-week boulder clearing and trenching campaign on the Baltic 2 offshore wind farm project. Mobilised onboard the Siem Topaz anchor handling vessel, Ecosse Subsea’s SCAR subsea plough system is engaged on route clearing and pre-lay trenching operations on behalf of Siem Offshore Contractors. Soils […]
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Grid Connection, R&D, Technology
Odfjell Oceanwind plans to order the first batch of floating Mobile Offshore Wind Units (MOWUs) later in 2022, with a plan of going into operation in 2024. The units will be operated as one fleet under Odfjell Oceanwind’s management. Odfjell Oceanwind, part of Norway’s Odfjell Group, is developing a fleet of floating MOWUs with the […]
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All-Energy 2014 will get off to a flying start on Wednesday 21 May with a plenary session featuring both the Secretary of State for Scotland, Rt Hon Alistair Carmichael MP, and Fergus Ewing MSP, Minister for Energy, Enterprise and Tourism, with other speakers including Rob Cormie, Group Operations Director, UK Green Investment Bank and Angela […]
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Operations & Maintenance, R&D, Technology
A project in the UK has proven the concept for robotic teams repairing offshore wind farms, paving the way for human-robot teams at wind farms within ten years, and wind farms designed for robotic maintenance by 2050, the Offshore Renewable Energy (ORE) Catapult said. The GBP 4 million MIMRee project, which was funded by Innovate […]
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World leader for naval defence, DCNS has turned its knowledge of the sea and its unique experience of new technologies into an advantage to position itself on the renewable energy market. An ambitious plan that is already well on its way to being implemented. The theoretical potential of marine energy is unparalleled. Each year, the […]
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Ignacio Galan, Chairman of Iberdrola and ScottishPower, has called on the UK government to provide more clarity on details of the energy reform currently going through Parliament if investments in new plants are to be made in time to avoid energy shortages in the next few years. “Although the Energy Bill (Electricity Market Reform) currently […]
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Atlantis Resources Corporation will continue its AR1000 tidal turbine testing programme at the National Renewable Energy Centre (Narec) in Blyth, Northumberland. The company’s AR1000 nacelle was retrieved from its test berth at the European Marine Energy Centre (EMEC) in Orkney in late November, following successful open ocean testing. It will be transported to Blyth for […]
