Trident Energy announces completion of a second close of its funding round to finance pier-based sea trials of the company’s enabling technology for the offshore renewable energy industry. The new investment takes the total equity raised by the company since October 2012 to £1mil. This second close
Airborne Marine announced that the Factory Acceptance Test (FAT) procedure of the seven Nautricity tidal blades was concluded positively early this month together with Nautricity Ltd. Airborne Marine will shortly ship the seven blades to the assembly site of Nautricity where the blades will be mount
The offshore industry’s highest achievers were recognised at last night’s 2013 Offshore Achievement Awards, with Malcolm Webb, chief executive of Oil & Gas UK, picking up the Significant Achievement accolade. The 27th awards ceremony, which saw a record attendance of 530 guests, took place at the Ab
Following strong demand during the book-building process, Greencoat UK Wind has placed 260 million shares, conditional on Admission, at an issue price of 100 pence per Ordinary Share in an oversubscribed offer, raising gross proceeds of £260 million, the maximum fund raise. The proceeds will be used
The UK Green Investment Bank (GIB) confirmed its first direct equity investment in offshore wind through the acquisition of a 24.95% stake in Rhyl Flats Wind Farm Limited (Rhyl Flats) from companies owned by RWE AG (RWE) for a cash consideration of £57.5m. This landmark transaction represents a sign
HydroVision International gained the support of six industry-leading associations for its 2013 event in Denver, Colorado, USA. The associations will assist in pre-event publicity and in on-site sessions. HydroVision International will take place July 23-26, 2013 at the Colorado Convention Center in
Today, SeaZip Offshore Service will officially christen its two newly-constructed ‘Twin Axe’ catamaran ships. German BARD Group will charter these vessels, which will be deployed in the completion stage of its large-scale wind farm in the North Sea. SeaZip Offshore Service provides sophisticated ser
Kuick Research has released research titled “South Korea Wind Power Sector Analysis 2013.” Wind Power in South Korea is being seen as the potential driver of renewable energy development in the country. Electricity generation through wind power has already progressed to significant levels and most o
Plans have been released for the world’s first, purpose-built, tidal lagoon power plant that will be capable of generating electricity equivalent to Swansea’s entire domestic consumption. The proposed 250MW power plant will produce predictable, baseload electricity for 16 hours each day, using both
Newcomer and offshore service specialist SeaZip Offshore Service selects MirTac and StarIPS to support fleet management for its sophisticated newly built offshore service vessels. The contract includes StarIPS software and related implementation services such as database set-up, procedures implement
In Harlingen, two newly-constructed ‘Twin Axe’ catamaran ships will be officially christened on Friday 22 March, at 11 AM. In the near future, these ships will be deployed in the completion stage of a large-scale wind farm on the North Sea, 90 km north-west of the island of Borkum. This off-shore wi
EEEGR has released a comment on the Budget, delivered yesterday by the Chancellor of the Exchequer to Parliament. Simon Gray, CEO of EEEGR, comments: “Whilst we welcome the positive moves on taxation benefits for decommissioning there is not a great deal in this for some of our smaller members who d
This morning, exhibition boss Peter Becker and experts from the fields of industry and politics opened New Energy Husum, the leading renewable energy trade fair, with a keynote speech and a panel discussion about the energy transition. More than 300 exhibitors will be exhibiting the complete range o
The Directors of Bombora Wave Power Pty Ltd, Mr. Glen Ryan and Mr Shawn Ryan, announced that their novel Wave Energy Converter Device (WECD) has been declared one of five winners of GE’s first ecomagination ANZ Challenge . Bombora was presented its award by Jeffrey Immelt, GE Chairman and CEO in Syd
