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Business & Finance

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New Energy Direction to Bring Investment to East of England
Business & Finance

New Energy Direction to Bring Investment to East of England

UK Energy secretary Amber Rudd’s announcement of three offshore wind auctions this parliament – followed by ScottishPower Renewables’ announcement that it had submitted plans to build a 1200MW 172 turbine wind farm as the next phase of East Anglia Array – would lift investor uncertainty in the East

about 10 years ago
ScottishPower Picks Lowestoft as East Anglia ONE Operations Hub
Business & Finance

ScottishPower Picks Lowestoft as East Anglia ONE Operations Hub

ScottishPower Renewables has agreed on a GBP 25 million, thirty-year deal with the Port of Lowestoft to act as a construction and operations hub for the East Anglia ONE offshore wind farm. Following discussions with Associated British Ports, ScottishPower Renewables will utilise the Port of Lowestof

about 10 years ago
Aussie Commercial Banks Start Backing Wave Energy
Business & Finance

Aussie Commercial Banks Start Backing Wave Energy

Australian wave energy technology developer Carnegie Wave Energy Limited and Commonwealth Bank of Australia (CBA) have completed the country’s first wave energy financing deal by a commercial bank. CBA is providing a five-year, AUD 20 million loan facility as part of the financing required for the n

about 10 years ago
Ireland and France Bolster Renewable Energy Ties
Business & Finance

Ireland and France Bolster Renewable Energy Ties

Ireland and France have signed an agreement in Paris at the International Energy Agency (IEA) biannual Ministerial Meeting to strengthen their ties and grow cooperation in the field of renewable energy. The agreement follows a successful development of the Ireland France roadmap including the establ

about 10 years ago
Offshore Wind Brings Germany and Humber Closer Together
Business & Finance

Offshore Wind Brings Germany and Humber Closer Together

German and Humber offshore wind and ports business developers are meeting today at the University of Hull as part of an inward trade mission organised during the UK’s first Offshore Wind Week. The participants will discuss the role of offshore wind for the UK energy system, the importance of offshor

about 10 years ago
DW: Offshore Wind to See over €200Bn CapEx Invested in Next Decade
Business & Finance

DW: Offshore Wind to See over €200Bn CapEx Invested in Next Decade

Over €200bn of Capital Expenditure will be invested in the offshore wind sector over the next decade, resulting in forecast cumulative capacity of ~74GW by 2025. This will be driven by a large number of developments taking place in the UK, Germany and China and strengthened by the growth of new entr

about 10 years ago
Meteorology for Wind Energy Launched at EWEA 2015
Business & Finance

Meteorology for Wind Energy Launched at EWEA 2015

Dr Lars Landberg, a meteorologist at DNV GL, has launched a book titled ”Meteorology for Wind Energy: An Introduction” at this year’s European Wind Energy conference in Paris, aimed at helping non-meteorologists understand the critical concepts that underpin wind energy technology and project succes

about 10 years ago
RenewableUK: New UK Energy Policy Good News for Offshore Wind
Business & Finance

RenewableUK: New UK Energy Policy Good News for Offshore Wind

Today’s speech by the UK Energy Secretary Amber Rudd which has set out the Government’s future direction for energy policy has given offshore wind developers confidence to make further investments in the British economy, according to RenewableUK’s Deputy Chief Executive Maf Smith. According to Smith

about 10 years ago
Amber Rudd: “We Will Not Support Offshore Wind at Any Cost”
Business & Finance

Amber Rudd: “We Will Not Support Offshore Wind at Any Cost”

The UK Government will secure funding for three offshore wind auctions by 2020 under the condition that the industry further cuts down the costs. This was announced by the UK Energy and Climate Change Secretary Amber Rudd, who revealed a new direction for UK energy policy today, setting out her poli

about 10 years ago
DONG to Pump GBP 6 Billion into Humber Area by 2019
Business & Finance

DONG to Pump GBP 6 Billion into Humber Area by 2019

Denmark-based offshore wind power developer DONG Energy plans to invest GBP 6 billion in the Humber region over the period of 2013 – 2019, according to a new report released during the UK’s first Offshore Wind Week. The report titled Impact of DONG Energy Investments in the Humber Area shows that ov

about 10 years ago
UK Plans to Phase Out Coal Power Stations by 2025
Business & Finance

UK Plans to Phase Out Coal Power Stations by 2025

The UK government has announced plans to close all unabated coal-fired power stations by 2025 and restrict their use by 2023. The government will consult early next year on when to close all unabated coal-fired power stations. Announcing the decision ahead of a speech which will set out a new direct

about 10 years ago
Ming Yang Assessing CEO’s Proposal
Business & Finance

Ming Yang Assessing CEO’s Proposal

The Board of Directors of China Ming Yang Wind Power Group Limited (Ming Yang) has formed a special committee to evaluate the proposal from its Chairman and CEO, Chuanwei Zhang, to acquire all of the company’s outstanding shares not already beneficially owned by him. The Special Committee is compose

about 10 years ago
EWEA Livestream: Wind Energy Turning Blue Chip Companies Green
Business & Finance

EWEA Livestream: Wind Energy Turning Blue Chip Companies Green

The European Wind Energy Association (EWEA) today plays host to panelists who are discussing business models to provide wind energy directly to corporate clients. The session, titled Wind Energy Turning Blue Chip Companies Green, is organized as part of EWEA’a annual conference held in Paris this ye

about 10 years ago
UK Firms On Track to Take Half of Local Offshore Wind Cake
Business & Finance

UK Firms On Track to Take Half of Local Offshore Wind Cake

A growing number of UK companies are getting involved in the development, construction and operation of offshore wind farms in British waters, with 43% of the expenditure incurred in planning, building and running offshore projects already going to local companies, according to a new report issued d

about 10 years ago
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