Business & Finance
Fred. Olsen Ocean and Teekay Offshore See a Gap in Offshore Wind Vessel Market
Fred. Olsen Ocean AS and Teekay Offshore Partners have entered into an agreement to develop a new vessel design for the offshore wind market. John B. Andersen, VP Business Development in Fred. Olsen Windcarrier, a Fred. Olsen Ocean company, will lead this new initiative and the corresponding team. “
EIB’s Renewable Energy Investments in UK Reach GBP 1.2 Billion
The European Investment Bank (EIB) invested almost GBP 1.2 billion in renewable energy projects in the UK throughout 2016. New EIB support for renewable energy related investment it the UK last year included GBP 500 million for a GBP 1.2 billion Caithness Moray transmission network project to reinfo
UK Offshore Wind Blows Past 2020 Cost Reduction Target
The cost of energy from offshore wind has fallen by 32% since 2012 and is now below the joint UK government and industry target of GBP 100 per megawatt hour (MWh) four years ahead of schedule, according to a report delivered by the Offshore Renewable Energy (ORE) Catapult on behalf of the Offshore W
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,
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
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
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
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
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
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
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
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
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
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.