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Business & Finance

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Marine Power Systems Secures Grant for Wind-Wave Tech
Business & Finance

Marine Power Systems Secures Grant for Wind-Wave Tech

Marine Power Systems (MPS) has secured GBP 4.3 million by the European Regional Development Fund to accelerate the development of DualSub, a technology that combines floating offshore wind and wave energy. The funding, part of a GBP 6.2 million project under the Cornwall and Isles of Scilly Local En

about 6 years ago
Triton Knoll Gives to Charity
Business & Finance

Triton Knoll Gives to Charity

Six charities from Lincolnshire, UK, have received a share of a GBP 12,000 charity fund pot from Siemens and the Triton Knoll offshore wind project. The donations are part of an initiative which promotes and rewards excellence in health and safety amongst staff and contractors working at the onshore

about 6 years ago
New UK Program Targets Offshore Wind Supply Chain Boost
Business & Finance

New UK Program Targets Offshore Wind Supply Chain Boost

The Offshore Wind Growth Partnership (OWGP) and the Sharing in Growth program have joined forces to develop a new program that aims to improve the competitiveness of the UK offshore wind supply chain. The GBP 1.5 million Sharing in Growth – Offshore Wind program is expected to support the industry i

about 6 years ago
Equinor and ESB Partner Up for Irish Offshore Wind
Business & Finance

Equinor and ESB Partner Up for Irish Offshore Wind

Equinor and the Irish state-owned electricity company Electricity Supply Board (ESB) have entered into a partnership to cooperate on the offshore wind sector in Ireland. The partnership will work to identify suitable sites for new offshore wind farms in Irish waters and will work to mature potential

about 6 years ago
UK Labour Party Confirms Offshore Wind Commitment
Business & Finance

UK Labour Party Confirms Offshore Wind Commitment

The UK’s Labour Party has reaffirmed its offshore wind commitment in its General Election manifesto, claiming it will build 7,000 new turbines in UK waters. In September, the Labour Party announced it plans to build 37 new offshore wind farms with a 51% publicly owned stake in the UK. Under the Peop

about 6 years ago
Navantia and InfraStrata Join Forces
Business & Finance

Navantia and InfraStrata Join Forces

Navantia and InfraStrata have signed a Memorandum of Understanding (MoU) under which they plan to cooperate on offshore wind projects, among other things. Subject to completion of InfraStrata’s acquisition of Harland and Wolff (H&W), the deal envisages the usage of the UK shipyard’s assets for provi

about 6 years ago
Deepwater Offshore Wind Mooring Project Gets US Grant
Business & Finance

Deepwater Offshore Wind Mooring Project Gets US Grant

The U.S. National Offshore Wind Research and Development Consortium has selected a consortium led by Principle Power for contract negotiations for a USD 850,000 grant for DeepFarm, a project that focuses on developing mooring solutions for deepwater floating offshore wind. DeepFarm, a selection of m

about 6 years ago
US Start-Up Secures Funding for Concrete Offshore Wind Foundation
Business & Finance

US Start-Up Secures Funding for Concrete Offshore Wind Foundation

The U.S. National Offshore Wind Research and Development Consortium has allocated a grant to the start-up RCAM Technologies to develop its modular concrete offshore wind foundation. The National Offshore Wind Research and Development Consortium selected RCAM Technologies for contract negotiation as

about 6 years ago
Ampelmann Ups Offshore Lifting Game
Business & Finance

Ampelmann Ups Offshore Lifting Game

Ampelmann has revealed a new access system that is said to be capable of transferring personnel and cargo of up to 5 tons. The E5000, with its full motion compensation, will be able to operate in high sea states, extending the weather window of operations, Ampelmann said. According to the Dutch comp

about 6 years ago
UK Exporting Renewables to Six Continents – Report
Business & Finance

UK Exporting Renewables to Six Continents – Report

UK-based onshore and offshore wind, wave and tidal energy companies are now exporting their products and services to 37 countries across six continents, a report published by RenewableUK shows. Using an illustrative sample of companies involved in the sector, “Export Nation” reveals that 47 UK firms

about 6 years ago
Northland Power and Shizen Energy Set Up Offshore Wind JV in Japan
Business & Finance

Northland Power and Shizen Energy Set Up Offshore Wind JV in Japan

Northland Power and Shizen Energy have signed an agreement to collaborate on offshore wind development opportunities in Chiba Prefecture, Japan. The partners will establish a 50:50 joint venture named Chiba Offshore Wind Inc., which will serve as the development vehicle for early-stage offshore wind

about 6 years ago
Denmark Rolls Out New Subsidy Scheme for Offshore Wind
Business & Finance

Denmark Rolls Out New Subsidy Scheme for Offshore Wind

The Danish government has agreed on a new subsidy scheme for the Thor offshore wind project. With the new scheme, the government said a stable settlement price is guaranteed for the power generated by the offshore wind farm and support is provided based on the difference between the agreed price and

about 6 years ago
Siemens Gamesa Signs Turbine Castings Deal in Taiwan
Business & Finance

Siemens Gamesa Signs Turbine Castings Deal in Taiwan

Siemens Gamesa and Yeong Guan Group have signed a conditional contract for the production of offshore wind turbine castings in Taiwan. According to Siemens Gamesa, a new factory will be built in the port of Taichung and will manufacture turbine castings for the 300MW Hai Long 2 offshore wind project

about 6 years ago
EIB to Ditch Fossil Fuels, Focus on Clean Energy Investments
Business & Finance

EIB to Ditch Fossil Fuels, Focus on Clean Energy Investments

The European Investment Bank (EIB) is planning to support EUR 1 trillion of investments in climate action and environmental sustainability from 2021 to 2030 as part of a new energy lending policy. Following the approval of the revised energy lending policy, the EIB stated it will no longer consider

about 6 years ago
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