Search results for: Mln

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12 November 2015

The Sustainable Energy Authority of Ireland (SEAI) has signed a Memorandum of Understanding with Apple to promote the development of ocean energy in Ireland. Apple has committed a €1 million fund that will help developers who receive an SEAI grant to test their ocean energy prototypes in the Galway Bay Ocean Energy Test Site. Minister for […]

4 November 2015 Business & Finance

JDC Corporate Finance, East Anglia’s corporate advisory firm, has secured a £5.4million minority investment in Hull-based GEV Group, from Maven Capital Partners. As a global company comprising four divisions and with a key focus upon the renewables sector, the investment will support the company’s implementation of its significant growth plans, whilst enabling the exit of […]

27 October 2015 Authorities, Business & Finance, R&D

Horizon 2020, the biggest EU Research and Innovation programme, has issued a call for submission in renewable energy technologies and low carbon energy. A total of €118.3 million in total will be available for project proposals while a sum of €61.3 million will go for developing of the next generation technologies of renewable electricity and heating/cooling. Other categories […]

26 October 2015 Authorities, Business & Finance, R&D, Technology

Marine Power Systems (MPS), which plans to test its WaveSub device in the Haven Waterway Enterprise Zone, has received GBP 2 million of EU funds, Welsh Finance and Government Business Minister, Jane Hutt, announced last week. The GBP 3 million project, which includes a GBP 900,000 investment from MPS, covers manufacturing and testing of a 1:4 scale prototype of the WaveSub […]

22 October 2015 R&D

A £10m EU boost for the development of the new Menai Science Park has been announced by Welsh First Minister Carwyn Jones. The project, led by Bangor University, has already been awarded £10m from the Welsh Government. The EU funding provides the remainder of the investment needed for the first phase to get underway, constructing […]

16 October 2015 Business & Finance

The European Commission’s Climate Change Committee has approved the transfer of €17 million of funding from the Kyle Rhea project to Atlantis’s MeyGen Phase 1B (Project Stroma) and will accelerate the development of the MeyGen project, with this second phase targeted to reach financial close and commence construction during 2016. The €17 million funding was […]

13 October 2015 Business & Finance

UK Green Investment Bank Financial Services Limited (GIBFS) has announced that it executed a Second Close on new commitments of £355m for the Offshore Wind Fund, bringing total committed capital to £818m and nearing its £1bn target. This makes the GIBFS-managed fund the largest renewable energy fund in the UK. Second close investors include Swedish […]

14 September 2015 Business & Finance

Scottish Enterprise (SE), an executive Non-Departmental Public Body of the Scottish Government, has published its annual results, which show that GPB 16.3 million has been written off in relation to wave energy company Pelamis Wave Power.  "Our ambitions in relation to Wave Energy were adversely affected by the difficulties experienced by two of Scotland’s key companies, Pelamis and Aquamarine. […]

20 August 2015 Authorities, Business & Finance

The European Investment Bank (EIB) is providing equity-type financing of up to EUR 75 million to Copenhagen Infrastructure Partners (CIP) to finance Copenhagen Infrastructure II, an infrastructure fund that is investing in large energy-related projects such as offshore wind, biomass and transmission schemes. The EIB said in a statement that the fund would primarily focus […]

20 August 2015 Business & Finance

Atlantis Resources Limited has raised £2.5 million before expenses through the conditional placing of 5,952,380 new ordinary shares. Tim Cornelius, CEO of Atlantis, commented: “We are very pleased with the continued support of our shareholders demonstrated through this successful placing. The funds raised will allow us to replicate our success at the MeyGen project and bring […]

19 August 2015 Business & Finance

A fund of more than £19 million has been made available from the Gwynt y Môr Offshore Wind Farm to communities in the coastal areas of Conwy, Denbighshire and Flintshire. The fund will be distributed throughout the lifetime of the project. It is now open for small applications up to £10,000 and for grants over […]

17 August 2015 Business & Finance, Technology

Wave energy developer Eco Wave Power has closed the first round of fundraising led by Pirveli Ventures, the company has reported. Following the investment, a representative of the investment fund will join Eco Wave Power’s board of directors. This follows the announcement made last month that a "Second Generation" power station has been successfully deployed […]

7 August 2015 Authorities, Business & Finance, R&D, Technology

The U.S. Energy Department has selected four entities to receive $7.4 million to spur innovation of next-generation water power component technologies, designed for manufacturability and built specifically for marine and hydrokinetic (MHK) systems.   The projects will address technical challenges in three areas: advanced controls, crosscutting power take-off (PTO)—which converts mechanical motion into electrical power—and innovative […]

5 August 2015 Business & Finance

Siemens will invest around €200 million to build its first production facility for offshore wind turbine components in Cuxhaven, Germany, the company reported today. The factory, expected to create up to 1,000 new jobs, will accommodate the final assembly of generators, hubs and nacelle back-ends, which are all connected to form complete nacelles, the core of Siemens 7 MW wind […]

30 July 2015 Business & Finance

Michelle Rempel, Minister of State for Western Economic Diversification, announced an investment of CAD 2.3 million for two projects at the University of Manitoba to support innovation in Western Canada. With federal funding of $1.8 million, the University of Manitoba’s Technology Transfer Office will lead a pan-western consortium of Western Canadian Innovation Offices (WCIO) that […]

30 July 2015 Business & Finance

Gamesa obtained €97 million in net profit in the first half of 2015, more than double the figure in the same period of 2014, as a result of expanding commercial activity (+30.8%) and improved profitability. Revenues increased by 30.8% year-on-year in the first half of 2015, to €1,651 million, driven by 36% growth in revenues […]

15 July 2015 Business & Finance

Navitus Bay has announced the creation of £8.6 million (€12.1 million) in funding for skills and supply chain engagement as part of its commitment to maximise the benefits felt across the South Coast from the proposed offshore wind park. The funding is part of the s.106 Agreement, negotiated with the local authorities within the project area […]

14 July 2015 Authorities, Business & Finance, Grid Connection, R&D, Technology

EU countries have agreed to invest a total of €150 million for 20 cross-European energy infrastructure projects.  The projects will increase energy security by contributing to the completion of an EU energy market and increasing the integration of renewable energy on the electricity grid, European Commission said. They will also help end the energy isolation […]

13 July 2015 Authorities, R&D, Technology

Wave energy enthusiasts from industry and academia have formed 92 teams to move toward the first milestone of the U.S. Department of Energy’s (DOE) Wave Energy Prize. The design-build-test competition is encouraging the development of wave energy conversion (WEC) devices that will achieve the DOE’s goal of doubling energy capture, thus reducing the cost of […]

8 July 2015 Business & Finance, R&D, Technology

Floating Power Plant (FPP) has been awarded EUR 1.14 million for the 2 year project "Market maturation of Floating Power Plant’s Floating Wind- Wave- Energy Device - POSEIDON" under the European Union’s Horizon 2020 research and innovation programme under grant agreement No 673976 (SME program). "This support will significantly speed up and increase the effort […]

30 June 2015 Business & Finance, Wind Farm Update

Royal Boskalis Westminster N.V and VolkerWessels (Volker Stevin International) have been awarded a contract by Veja Mate Offshore Project GmbH for the Veja Mate offshore wind farm in the German section of the North Sea. Both companies have a 50% share in the contract worth approximately EUR 500 million, which covers the design, procurement, fabrication, supply, transportation, installation and […]

5 June 2015 Business & Finance

Wave energy developer Carnegie Wave Energy Limited has received approval for $1.5 million in milestone payments from the Australian Renewable Energy Agency (ARENA) for completion and deployment of the CETO units and commissioning of the Perth Wave Energy Project (Perth Project).  Carnegie will receive milestone payments from ARENA of $1.5m for the manufacture, completion and deployment of the […]

4 June 2015 Business & Finance, Grid Connection

50Hertz’ holding company, Eurogrid GmbH, has emitted a corporate bond over 500 million Euros on June 2. The bond has a denomination of 100,000 Euros with a duration of 10 years and a coupon of 1.875 %. The issuance was done via Bourse Luxembourg where the bond will also be traded. "Instruments like such bonds […]

3 June 2015 Business & Finance

Tidal Lagoon Swansea Bay Plc (TLSB) has named China Harbour Engineering Company Ltd as its preferred bidder for a marine works package that will include the construction of the six mile lagoon wall in Swansea Bay. As well as committing to approximately 50% UK content for the delivery of the package, CHEC has established a […]

1 June 2015 Business & Finance

Tidal Lagoon Swansea Bay Plc has named Abergavenny-based Alun Griffiths Ltd as preferred bidder for one of the main civil engineering and construction packages for the Swansea Bay Tidal Lagoon. The GBP 25 million contract covers ancillary civil engineering for the project’s public realm works. The scope of works includes the breakwater surface, roads, slipways, utilities […]

26 May 2015 Authorities, Business & Finance, Technology

The Swedish Energy Agency has granted the company Corpower Ocean AB 2 million EUR to conduct tests of its innovative concept for wave power. The project is part of a larger collaboration with KIC InnoEnergy, the Spanish energy company Iberdrola and the Portuguese Research Institute WavEC Offshore Renewables. Corpower will build a new prototype wave […]