Business & Finance
University of Maine Completes Ocean Engineering Lab Funding
The University of Maine has received a USD 3.9 million grant from the Harold Alfond Foundation for the establishment of an ocean engineering and an advanced manufacturing laboratory on campus. The latest grant brings the total of funds raised for the Harold Alfond W2 Ocean Engineering Laboratory and
Wave Energy Company Goes Down
Aquamarine Power ceased trading on 20 November due to not receiving any offers from buyers. This was reported by BDO LLP business restructuring partners James Stephen and Graham Newton, who have been appointed Joint Administrators on 27 October. James Stephen said: “Despite a comprehensive marketing
Developing Economies Take Lead in Clean Energy Investments
Developing nations eclipsed the world’s wealthiest countries in 2014, attracting more clean energy investment and building more wind, solar, and other renewable power generation than ever before, according to a global assessment released by Bloomberg New Energy Finance today. Climatescope, the clean
DOE to Give USD 3.7M to Maine Aqua Ventus
The New England Aqua Ventus I offshore wind project will get an additional $3.7 million from the U.S. Department of Energy (DOE). The University of Maine-led project, also known as Maine Aqua Ventus, will receive the funding to complete engineering and planning work, and approach financial close, in
UK’s MRE Picks Compatriot Shipbuilder for New WFSV
UK-based Manor Renewable Energy (MRE) Ltd, suppliers of temporary power generators, vessels and personnel to the offshore renewables sector, have appointed Manor Marine UK Limited to construct their new Wind Farm Service Vessel (WFSV). MRE contracted Offshore Ship Design, working in conjunction with
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
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
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
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
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
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
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
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
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