Eel Energy, French tidal energy technology company, has announced that it received EUR 500,000 from Bpifrance and the Nord-Pas de Calais region. In the meantime, historical shareholders of the company subscribed to a convertible bond of € 500k. This financing will allow the company to finalize its 1
The Germany’s Federal Maritime and Hydrographic Agency (BSH) has released an update of the Federal Trade plan for offshore power grid planning in the EEZ of the North Sea (BFO-N). The update includes minor changes in the route and location planning. Also, it reduces the required covering height for
The Great Yarmouth-based Women in Energy Networking Group’s (WEN) – set up to support, nurture and develop females in an industry where 96.3% of offshore workers are men – joined the Powerful Women’s networking event at Westminster. In its first year it has organised events, worked with colleges and
Royal IHC has announced that it will accelerate the implementation of its ‘IHC 2020’ strategy, which was announced in 2014, as a direct result of the rapidly deteriorating market. The strategy aims to reduce the company’s dependence on the volatile shipbuilding industry. IHC said it will focus on th
According to Indian media, a private equity fund Arpwood Capital has acquired 21% shares of Senvion, German turbine manufacturer recently taken over by Centerbridge Partners. The purchase is said to be worth $112 million and funded through a leveraged buyout. This is in line with Arpwood’s strategy,
In recent years, the shale gas revolution has contributed to the United States surpassing Russia and Saudi Arabia in oil production. The surge in oil production worldwide and Saudi Arabia’s strategic decision not to reduce its oil production led to declining oil prices. These lower prices have a con
Siemens Nets Massive Offshore Wind Turbine Deal ScottishPower Renewables has selected Siemens as its preferred turbine supplier for the East Anglia ONE offshore wind farm. Bladt Reports First Net Loss in Decade Danish steel contractor, Bladt Industries, has reported its first net loss in a decade du
Con4Mare will provide marine warranty survey services for RWE’s Nordsee One offshore wind farm. Nordsee One consists of 54 turbines with a capacity of 6.15 MW each. It will be built 40 kilometres north of the island Juist off Germany’s coast. In-water construction at the project site is anticipated
James Fisher Marine Services has set up an office in the five-storey OrbisEnergy. The company chose the Lowestoft centre to build relationships with offshore wind developers based there to raise the profile of its services and its offshore support vessel, Dart Fisher. In its new office, the company
The Rt Hon Amber Rudd MP has been confirmed as the Political Keynote Speaker for Day 1 of Global Offshore Wind 2015. Amber Rudd MP was appointed Secretary of State for Energy & Climate Change on 11 May 2015. She had previously been Parliamentary Under Secretary of State for the Department since July
Atmocean, a US wave energy developer which is set to demonstrate its technology in Peru, reported that it will wait for better weather conditions to deploy the wave energy device off Ilo, a coastal city in the southern part of the country. The company attempted to deploy the device on Wednesday, but
ELA Container Offshore GmbH moved into its new office rooms based in Haren, Germany. Designed in maritime style the “offshore” theme is ever-present in the office. “We are very happy with our new office and are exited to further build up ELA Offshore,” Managing Director of ELA Container Offshore Gmb
The work of a masters student now working at Marine Power Systems (MPS), a Swansea-based company developing wave technology, has been recognised by MINES-ParisTech University, France. MINES-ParisTech University has requested that Jean-Baptiste Le Dreff, a specialist in computer modelling and design,
The Joint Plenary Panel Discussion took place June 10 at the POWER-GEN Europe and Renewable Energy World Europe show and conference. The discussion encompassed the key show idea of Europe’s energy transition, with varying points of view from the industry itself represented at time heated debate. The
