Business & Finance
EU to Allocate EUR 11.6 Mln for Northern Seas Offshore Grid
EU countries have agreed to invest a total of €150 million for 20 cross-European energy infrastructure projects. The projects will increase energy security by contributing to the completion of an EU energy market and increasing the integration of renewable energy on the electricity grid, European C
Prysmian, Nexans, ABB Become NSN Link Dream Team
Contracts totalling €1.5billion have been awarded to build the NSN link – the first electricity link between UK and Norway. NSN Link has contracted two cable suppliers, Prysmian and Nexans, to deliver the cable needed for the 740 kilometre route length. The converter stations in both UK and Norway w
Tidal Lagoon Swansea Bay to Hold Supply Chain Events
Tidal Lagoon Swansea Bay, along with Welsh Government, Business Wales and Construction Futures Wales, are holding a series of Supply Chain Awareness Sessions across the Swansea Bay City Region. At the Awareness Sessions, attendees will have an opportunity to gain more information about the sub-contr
Four European Countries Eye Chinese Offshore Wind
A joint initiative of wind energy cluster organizations and industry partners in Poland, Germany, Norway and Denmark have invited suppliers to the offshore wind industry from the four countries to a delegation trip to China with a focus on offshore topics from October 12 to 25, 2015. The objective i
K2 Management Boosts Its Due Diligence Services, Plans Glasgow Office
K2 Management has appointed Simon Luby as its Global Director, Due Diligence & Country Manager, MD (UK & Ireland). K2 Management currently has an office close to London, but with Simon Luby joining, the local staff distributed across the UK & Ireland and expectations for the future, the company plan
Bloomberg New Energy Finance: European Offshore Wind Highlight of Otherwise Sluggish Q2 2015
Bloomberg New Energy Finance (BNEF) today reported that two big European offshore wind financings, and a record quarter for investment in Chile, were among the highlights of an otherwise sluggish Q2 2015, when it comes to clean energy investment. Worldwide, clean energy investment was $53bn in the s
UK: Aldersgate Calls for Low Carbon Clarity
In a new report from the Aldersgate Group set out the key policy priorities in this parliament that will allow the UK to meet its carbon targets on time, on budget and in way that will be beneficial to the UK economy. The report, A Brighter, More Secure Future: Low carbon priorities for the new [&he
France Ready to Issue Floating Wind Call for Tenders
French wind industry group (FEE) announced Tuesday that the country will launch a call for tenders for floating wind power projects this month. FEE believes up to three projects ranging from 15 to 60 MW with a total capacity of up to 120MW will participate, writes Reuters. The group could not specif
Dong Signs MOU for AMEP
DONG Energy has signed a Memorandum of Understanding (MOU) which could see a new major operational hub for DONG Energy at the Able Marine Energy Park (AMEP) for the construction and installation of offshore wind farms. Able Executive Chairman Peter Stephenson described this as “a major leap forward
US Offshore Wind Could Flourish with More JVs and Technology Transfer
A new study from Totaro & Associates identifies a total investment of US$424.8B required to develop the first 80GW of utility-scale offshore wind in the US. However, there are three critical path areas which will be essential to future growth including foundation production, port infrastructure, and
EU Gives EUR 1.14 Mln to ‘God of the Sea’
Floating Power Plant (FPP) has been awarded EUR 1.14 million for the 2 year project “Market maturation of Floating Power Plant’s Floating Wind- Wave- Energy Device – POSEIDON” under the European Union’s Horizon 2020 research and innovation programme under grant agreement No 673976 (SME program). “Th
SgurrEnergy Appoints Its First Senior Advisor
SgurrEnergy, a Wood Group company, has appointed David Blunt as Senior Advisor to the business at their headquarters office in Glasgow, Scotland. David has been appointed, with immediate effect, in a newly created position and will support the development of new markets for the growing business, the
Oriel, Gaelectric to Build 15 MW Irish Demo
Oriel Windfarm Ltd. and Gaelectric Holdings plc have signed a Memorandum of Understanding to co-develop an offshore wind farm in the north Irish Sea. The North Irish Sea Array (NISA) has the potential to produce up to 870 MW of wind energy from the Irish Sea and will commence with the development of
ESVAGT Gets New Owners
3i Infrastructure and AMP Capital have entered into an agreement to jointly acquire 100% of Danish company ESVAGT from Maersk Group. 3i Infrastructure will be investing approximately £109 million to acquire a 50% interest in ESVAGT and will have an equal shareholding with AMP Capital. Headquartered