Atlantis, majority owner of the tidal stream energy project MeyGen, has announced that its flagship project has achieved another significant funding milestone, successfully completing all conditions required to initiate its first drawdown from its senior project finance providers, The Crown Estate a
Ocean Power Technologies, Inc. (OPT) has announced that it has received approximately $1.1 million through the State of New Jersey’s Business Tax Certificate Transfer Program. The Program enables companies to raise cash to finance their growth and operations and is administered by the New Jersey Eco
Secretary of the Interior Sally Jewell has named Abigail Ross Hopper as the Director of the Bureau of Ocean Energy Management (BOEM), which manages the development of the USA’s conventional and renewable energy and marine mineral resources on the Outer Continental Shelf. Ms. Hopper currently serves
The Board of Trustees of the Long Island Power Authority (LIPA) have decided to award power purchase agreements (PPAs) to eleven solar energy projects yesterday. One of the renewable energy projects expected to be selected by LIPA was the Deepwater Wind’s offshore wind farm. Last year, LIPA called f
On December 16, the Danish Minister for Climate, Energy and Building issued an investment approval for units to be erected by Energinet.dk in order to connect the forthcoming offshore wind turbines at Kriegers Flak in the Baltic Sea to the onshore electricity grid. The approval allows Energinet.dk t
According to the UK’s Energy Trends and Quarterly Energy Prices published by the Department of Energy and Climate Change (DECC) today, December 18, offshore wind energy generation rose by 14.1 per cent compared to the same period last year. Renewables’ share of electricity generation increased from
Belgium will have their say in early 2015 about a project that would see excess energy stored and used later when needed. The project aims to store energy produced by offshore wind farms when there is low demand, or storing it for when there is no wind, writes Reuters. It comprises a donut-shaped is
The trustees of the Long Island Power Authority (LIPA) are scheduled to decide today on purchasing electricity from several clean energy projects proposed to be built in Long Island. The projects on which the aforementioned decision will be taken include several solar facilities and Deepwater Wind’s
South Carolina Senator Greg Hembree prefiled an offshore wind bill on December 3, pushing the state’s offshore wind research and development activities to a point where they would ensure a safe path to utilizing the state’s vast offshore wind resources. Senator Hembree proposes that South Carolina P
Ofgem today approved £1.1 billion funding for a new subsea link in the north of Scotland, called the Caithness Moray project. The regulator’s decision is £105 million less than the funding request from Scottish Hydro Electricity Transmission (SHE Transmission) to ensure consumers pay no more than ne
The first Capacity Market auction, which started at 09:00 today, is the next stage in the Government’s plan to ensure the lights stay on at the least cost – both now and in the future. The aim of the Capacity Market is to make sure that there is enough capacity available to meet peak electricity [&h
A coalition recently launched at the climate talks in Lima aims to boost efforts to save billions of dollars and billions of tonnes of CO2 emissions each year by measuring and reporting reductions of greenhouse gas emissions resulting from projects and programmes that promote renewable energy and en
A new 2015 agreement on climate change, that will harness action by all nations, took a further important step forward in Lima following two weeks of negotiations by over 190 countries. Nations concluded by elaborating the elements of the new agreement, scheduled to be agreed in Paris in late 2015,
Scottish Government has unveiled the first National Marine plan ensuring sustainable economic growth of a range of marine industries and protect and enhance the marine environment. The National Marine Plan will cover all of Scotland’s sea out to 200 nautical miles and will apply to the exercise of d
