Business & Finance
Scottish Enterprise: Pelamis Costs £16.3 Mln; Offshore Wind Challenging
Scottish Enterprise (SE), an executive Non-Departmental Public Body of the Scottish Government, has published its annual results, which show that GPB 16.3 million has been written off in relation to wave energy company Pelamis Wave Power. “Our ambitions in relation to Wave Energy were adversely affe
Supacat Rebrands
Supacat has rebranded under a new SC Group identity as it expands into new markets and provide a clear customer focus for the company’s products and capabilities. The Supacat name remains in place for the company’s core defence business, SC Innovation is the new brand for all engineering solutions f
DP Energy Buys 50% of Atlantis Canada
Atlantis has formed a joint venture partnership with the DP Energy group to develop a multi-turbine array at the FORCE facility in Nova Scotia, Canada. The two companies have entered into a sale and purchase agreement for the sale of a 50% interest in Atlantis Operations (Canada) Limited (AOCL). AOC
Minesto Recruiting UK Operations Director
Minesto, a tidal power technology developed based in Sweden and the UK, has published a job vacancy for its UK Operations Director. “The successful candidate will be joining a pioneering team in an emerging renewable energy sector with exceptional international market potential,” the company said on
Dong Divests 50% of Gode Wind 1
DONG Energy has signed an agreement to divest 50 per cent of the 330MW German offshore wind construction project, Gode Wind 1, to Global Infrastructure Partners (GIP) investment fund. The total sales price amounts to approximately € 780 million (DKK 5.8 billion) which will be paid in the period 2015
EMEC Seeking Technical & Project Managers
The European Marine Energy Centre (EMEC) is recruiting two new posts as part of a restructure to ensure that its marine energy test facilities can continue to respond to the wave and tidal industry’s changing landscape and market demands. “These new roles are critical to the development of EMEC over
Beaufort Capital Takes Over Nordseewerke
Beaufort Capital, a private equity firm from Hamburg, has acquired Nordseewerke GmbH. The announcement was made a day after Emden-based offshore wind supplier entered the insolvency procedure. According to the buyer, the company will be rebranded to Nordseewerke Emden Shipyard and will work closely
Metcentre Owners Increase Share Capital
The owners of Marine Energy Test Centre (Metcentre) have increased the share capital of the test centre. After the capital increase, the owners of Metcentre are Rogaland County (35%), Statoil (35%), Haugaland Kraft (13%), Municipality of Karmøy (8%), Polytec research foundation (5%) and others (4%).
DBB Jack-Up Earns Two More Years of MHI Vestas O&M
DBB Jack-Up Services A/S and MHI Vestas Offshore Wind A/S have extended their framework agreement for offshore wind operations and maintenance services until the end of 2017. The companies signed a framework agreement for offshore wind O&M services in December 2014. “During 2015 we have experienced
EU to Approve GE-Alstom Acquisition
European Commission is set to approve GE’s acquisition of French company Alstom for the sum of €12.35bn, reports Agence France-Presse. A source close to the matter said the European Competition Commissioner Margrethe Vestager will hold a press conference later today to make the announcement, followi
Minesto Strengthens Its Management Team
Minesto, the developer of the Deep Green marine energy power plant, has named Fredrik Ahlström as Chief Financial Officer, succeeding Charlotta Ekman who will take up the position as Chief Operating Officer. Ahlström joins Minesto as new CFO from Sibelco Nordic, a provider of industrial minerals, wh
Baringa Appoints New Supply Chain Partner
John Calder has joined consultancy firm Baringa Partners as Partner to lead its cross-industry Supply Chain practice. This division of the business covers end-to-end supply chain improvements, sourcing and procurement, supply chain planning and logistics, inventory and warehousing. Calder has worked
High Wind Names New Head of Business Development
Ole Jacob Wang Nielsen has joined High Wind NV as Head of Business Development. He will continue the commercialisation of the Boom Lock which allows for safe installation of wind turbine components in higher wind speeds. Ole Jacob has worked in the maritime industry since 2001 and brings with him 8
RWE Close to Securing Galloper Financing
Germany’s energy company is planning to close a financial deal for its GBP 1.3 billion Galloper offshore wind project by “either October or November,” said Hans Buenting, RWE Innogy’s chief executive. According to the Reuters, RWE is close to making a deal with three partners which would leave it wi