Search results for: money

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  • 4 February 2015
    Authorities, Business & Finance, R&D

    Irish Minister for Communications, Energy & Natural Resources Alex White T.D. has welcomed the announcement that the SFI Centre for Marine Renewable Energy Ireland (MaREI) successfully raised an additional €4.2 million in funding from EU research funds for marine energy activities. The announcement of the substantial EU funding was made to an audience of more […]

  • 4 December 2013
    Authorities, Business & Finance

    Additional investments of around £40 billion are expected in the UK’s renewable electricity generation projects up to 2020, following updated contract terms and strike prices published today and wider reforms to the electricity market. The strike prices and contracts reinforce the UK’s position as one of the world’s leading renewables markets, and the number one […]

  • 24 March 2010
  • 23 December 2010

    The Patrick administration is signaling it will hold hostage the proposed Nstar-Northeast Utilities merger unless the two electric companies agree to buy Cape Wind power and prove they have “outstanding track records” on clean-energy issues. In a recent speech to utility insiders, Gov. Deval Patrick’s outgoing environmental and energy czar Ian Bowles said the regulatory […]

  • 21 May 2012

    Accidents do happen of course but for wind farm service vessels one critical performance is minimising ‘down time’. This can be measured by: – the speed of response; – the speed of repair; – the repair integrity; – the facilities required. The damage seen in the first photo resulted from a collision at speed with […]

  • 15 October 2010
    Business & Finance

    Ireland must take advantage of the UK’s plans to develop invest up to €60bn on offshore wind projects in the Irish and Celtic Seas,… By Rachel Neliigan (insideireland) [mappress] Source: insideireland, October 15, 2010;

  • 7 May 2018
    Business & Finance, Vessels

    Esvagt’s Service Operation Vessel (SOV) business has become a focal point for the company in 2018, as the vessel owner and operator continues working on the optimisation of its core business areas and its finance took a hit by low activity in the oil and gas sector in 2017. 

  • 22 January 2014
    Business & Finance

    Fishermen and business people from Kilkeel in Northern Ireland have teamed up and took advantage of the booming offshore wind and tidal energy industries. They formed the Kilkeel Collaborative Network, which represents fishermen and onshore service providers, and secured marine service contracts worth several millions of pounds (GBP) with offshore energy developers. Work that is […]

  • 30 April 2013
    Business & Finance

    The UK Green Investment Bank plc (GIB) and Masdar, Abu Dhabi’s state-backed renewable energy company, have confirmed that they will sign a Memorandum of Understanding (MoU) tomorrow to explore project investment opportunities in the UK’s clean energy sector. The MoU will be signed on the occasion of a state visit to the UK by His […]

  • 17 July 2014
    Business & Finance

    Bonheur ASA, Norwegian holding company that operates in the offshore wind sector, among other activities, today released its financial results for the second quarter.   The Group of companies’ overall 2Q operating revenues were NOK 2 771 million, higher that in the same period of 2013 (NOK 2 607 million). Operating revenues in its Shipping/Offshore Wind division amounted […]

  • 26 September 2011
    Grid Connection

      An interconnecting transmission system linking the UK with other European countries could bring with it several benefits and a healthy boost… (smartgridnews) [mappress] Source: smartgridnews, September 26, 2011

  • 14 November 2017
    Business & Finance

    The BiFab management informed trade unions on 13 November that there was no money to pay the wages of their staff. Problems that led BiFab to being a few steps away from going into administration have emerged from a dispute over payments with Seaway Heavy Lifting (SHL), who awarded BiFab with the fabrication of 26 Beatrice jacket foundations. 

  • 15 December 2010

    Stealth technology for wind turbines is just one of the latest examples of advances in wind power that aim to make the renewable resource… By Steve Hargreaves (money.cnn) [mappress] Source: money.cnn, December 15, 2010

  • 16 August 2013
    Business & Finance

    Offshore Group Newcastle (OGN) has donated a large amount of money to the UK’s Conservative Party, the Mirror writes. As the company received a vote of confidence for a grant of GBP 4.5 million from the Regional Growth Fund, Kevan Jones from the British Labour Party is wondering does the company really need this funding, […]

  • 11 September 2012

    Japanese Ministry of Economy, Trade and Industry (METI) plans to spend JPY 17.5 billion (around USD 224 million) on development of wind energy projects. Bloomberg informs that METI requested a budget of JPY 130.4 billion (around USD 1.7 billion) for development of renewable energy projects, which include a floating offshore wind project in Fukushima. This […]

  • 1 November 2011
    Business & Finance

      MILLIONS of pounds have been awarded to train East Yorkshire’s renewables workers of the future. The Government is giving £25 million to the region in a move that could eventually generate several thousand jobs in the offshore windfarm industry. The cash has been awarded as part of a joint bid by Hull City Council […]

  • 28 June 2011
    Authorities, Business & Finance

    Up to £20m of government money will go to funding new marine power technology, the climate change minister announced today.   (theengineer) [mappress] Source: theengineer, June 28, 2011;

  • 11 May 2011
    Authorities, Business & Finance

    An application from Marine Current Turbines, the UK tidal energy developer, to secure money from the European Union’s New Entrant… (marineturbines) [mappress] Source: marineturbines, May 11, 2011

  • 23 September 2012

    It is extremely difficult to extinguish a fire in a wind turbine using conventional methods. The 130-meter high turbines are effectively outside the range of the fire department, and when it comes to turbines at sea, human intervention in the event of fire is virtually impossible. That’s why a comprehensive fire safety concept needs to […]

  • 25 January 2013

    An innovative solution for offshore wind sector, developed by Danish company Universal Foundation, will majorly drive down the costs that developers face when constructing offshore wind farms and will save time of foundations installation. The suction-installed Bucket Foundations, called the “suction bucket”, cost 20% less than standard foundations and will save developers over GBP 5 […]

  • 10 March 2011

    Fear and money, as these past few years of recession have made abundantly clear, are two very powerful political forces especially when… by keith Harrington (news.change) [mappress] Source: news.change., March 10, 2011

  • 28 February 2011

    Wind energy ought to be a shoo-in. Yes, the infrastructure costs a lot of money but the fuel is free and plentiful, turbines produce no… By Andrea McDowell (this) [mappress] Source: this, February 28, 2011

  • 1 December 2011

    A number of bankers, investors and developers taking part in a panel at the EWEA OFFSHORE 2011 conference in Amsterdam on Thursday agreed financing can still be arranged for expensive offshore wind farm projects despite the ongoing debt crisis.  Sean Klimczak, Managing Director in the Private Equity Group of Blackstone, said he is “relatively optimistic […]

  • 20 May 2011
    Authorities, Business & Finance

    It will not be a great deal of money to start with, but Ashtabula County will get a cut of the revenue from a pilot offshore wind farm…   By Carl E. Feather (starbeacon) [mappress] Source: starbeacon, May 20, 2011;

  • 28 December 2011

    Tidal energy could be used to power homes in Jersey, Guernsey and Sark in the next 20 years. The French energy company, EDF, is trialling the first of four underwater turbines in the Bay of St Malo. If successful, it will pave the way for the world’s largest tidal energy station, capable of powering up […]

  • 31 October 2016

    A standardised design of jacket foundations would greatly contribute to offshore wind cost reduction, according to Jan Kjærsgaard, CEO of Bladt Industries, a company whose foundations are supporting numerous turbines installed in European waters. With the offshore wind industry being massively focused on minimising the costs and Bladt having done both three-legged and four-legged jacket […]