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Business & Finance

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LIPA Expected to Vote Yes on First Wind Farm off New York
Business & Finance

LIPA Expected to Vote Yes on First Wind Farm off New York

The Long Island Power Authority (LIPA) Board is expected to approve a contract for New York’s first offshore wind farm this Wednesday, 25 January, according to the Citizens Campaign for the Environment. After receiving support for the project from environmentalists, labor groups, elected officials,

about 9 years ago
Offshore Partners Walney Restructures Debt
Business & Finance

Offshore Partners Walney Restructures Debt

Offshore Partners Walney Holdco Limited (OPW), minority shareholder in the Walney offshore wind farm located directly off the coast of Cumbria in north west England, has successfully restructured its debt facilities to enable access to more favourable interest rates in line with current market condi

about 9 years ago
RenewableUK: New Industrial Strategy Can Make Renewables Shine
Business & Finance

RenewableUK: New Industrial Strategy Can Make Renewables Shine

RenewableUK has welcomed the UK government’s commitment to “support industries of the future” and identify clean and affordable energy as one of the ten pillars of its modern Industrial Strategy. This includes delivering affordable energy and clean growth, investing in science, research and innovati

about 9 years ago
Carbon Trust: Floating Wind Is UK’s Golden Ticket
Business & Finance

Carbon Trust: Floating Wind Is UK’s Golden Ticket

A new report published by the Carbon Trust has highlighted the key areas for policy makers to consider in order to develop a world leading market for floating wind in the UK. Recommendations for policy and regulatory measures include a viable support mechanism to secure the UK’s position as a world

about 9 years ago
AGE Joins Green Port Hull Project
Business & Finance

AGE Joins Green Port Hull Project

UK-based recruitment company Advanced Global Energy (AGE) has become a member of the Green Port Project, a GBP 1 billion investment programme in Hull. The project aims to re-purpose over 500 hectares of land, designate enterprise incentive zones and will likely become the single biggest influence on

about 9 years ago
GE Renewable Energy Orders Up by Third in Q4
Business & Finance

GE Renewable Energy Orders Up by Third in Q4

GE Renewable Energy marked a 32 per cent rise in orders in the fourth quarter of 2016 compared to the same period a year earlier. GE’s renewable energy arm attracted USD 3.3 billion worth of new orders in the last three months of 2016. Core GE wind orders were higher by 48 per cent and climbed [&hel

about 9 years ago
Scotland: UK Industrial Strategy Should Prioritise Renewable Energy Investment
Business & Finance

Scotland: UK Industrial Strategy Should Prioritise Renewable Energy Investment

Scotland’s Minister for Business, Innovation and Energy, Paul Wheelhouse, has called on the UK government to ensure that renewable energy investment is a key priority in their forthcoming Industrial Strategy. Renewable energy resources have grown to become a major industrial sector in Scotland, with

about 9 years ago
UK Offshore Wind Can Be Global Powerhouse
Business & Finance

UK Offshore Wind Can Be Global Powerhouse

The UK’s offshore wind sector is at a “pivotal moment” and has a “unique opportunity” to develop skills to drive a truly world-leading industry, according to Andrew Jamieson, Chief Executive of the Offshore Renewable Energy Catapult. Jamieson was speaking ahead of an “Industry Leaders’ Debate” at Sc

about 9 years ago
UK Appeases Scotland’s Worries Over Green Investment Bank Privatisation
Business & Finance

UK Appeases Scotland’s Worries Over Green Investment Bank Privatisation

Scotland’s Cabinet Secretary for Economy, Jobs and Fair Work, Keith Brown, has received assurances from the UK government that the strategic importance of the Green Investment Bank (GIB) to Scotland will be fully considered as part of ongoing discussions around its privatisation. “The Green Investme

about 9 years ago
Energinet.dk, NGVL Issue EUR 1.3 Billion Tender for Viking Link Cables and Converters
Business & Finance

Energinet.dk, NGVL Issue EUR 1.3 Billion Tender for Viking Link Cables and Converters

Danish transmission systems operator Energinet.dk and the UK-based National Grid Viking Link Ltd (NGVL) are looking for providers of high voltage direct current (HVDC) cables and converters for the Viking Link Interconnector. The Viking Link is a proposed 1,400 MW HVDC electricity link between the B

about 9 years ago
DONG Energy Plans to Sell Its Oil & Gas Unit by Year End
Business & Finance

DONG Energy Plans to Sell Its Oil & Gas Unit by Year End

DONG Energy expects to divest its activities within exploration and production of oil and gas before the end of this year.

about 9 years ago
Ingeteam Introduces New O&M Optimisation Tool
Business & Finance

Ingeteam Introduces New O&M Optimisation Tool

Ingeteam has developed a new computer tool that will allow calculation of optimal O&M strategies. According to the company, the tool, developed under the POSEIDOM project, will reduce uncertainty related to costs during the operation of offshore wind farms.

about 9 years ago
Masdar’s Share in Hywind Scotland Valued at GBP 52.5 Million
Business & Finance

Masdar’s Share in Hywind Scotland Valued at GBP 52.5 Million

Masdar has invested GBP 52.5 million (approx. EUR 61 million) in Hywind Scotland Pilot Park, according to Scottish Development International (SDI), as Abu Dhabi’s renewable energy investor agreed with Statoil to take a 25% stake in the project.

about 9 years ago
May: Good Post-Brexit UK-EU Relationship in Both Sides’ Interests
Business & Finance

May: Good Post-Brexit UK-EU Relationship in Both Sides’ Interests

In her keynote Brexit speech – Plan for Britain – which includes 12 priorities that the UK government will use to negotiate Brexit, UK Prime Minister Theresa May has made clear her support for renewable energy and said that the UK is at the forefront of fields such as science, innovation, and clean

about 9 years ago
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