Business & Finance
Mabey Bridge Decides to Sell Renewables Division
Mabey Bridge has proposed closure of its Renewables division in Chepstow, Monmouthshire, after failing to sell it since December 2014. “Following contact with over 50 companies from the UK and abroad, receiving expressions of interest from a number of them, we have been in exclusive discussions with
OPT Net Loss Increases Due to Higher Costs
Ocean Power Technologies has begun deployment of the mooring system and is waiting for a suitable weather window for final buoy deployment, said George H. Kirby, President and Chief Executive of the company. He also expects their APB-350 A1 buoy to achieve fully permitted status for deployment soon
Royal HaskoningDHV Team Studies OW Financing Side
The Energy Finance team (Leon Pulles, Johan Schoone) of Royal HaskoningDHV has executed research to reduce one of the offshore wind cost sources – the financing costs. The financing costs are defined as those costs arising from attracting debt and/or equity in order to finance the wind farm. The lar
TAGU, Combi Lift Form Joint Venture
TAGU Tiefbau GmbH „Unterweser“ from Oldenburg and Combi Lift GmbH as part of the Bremen based shipping group Harren & Partner have combined their know-how and experience in wind-energy, offshore installation and maintenance in a new joint venture. “There often is a lot of potential for optimisation
New Energy Hub to Boost Ties Between Scotland, Japan
A new hub to allow Scottish companies to access the burgeoning renewable energy market in Japan was officially launched last week by the Cabinet Secretary for Culture and External Affairs Fiona Hyslop during a visit to Nagasaki. The centre, called ‘Scotland House’, will be based at the Nagasaki Deji
Report on OW Market to 2025 Out Now
A new research report, “Offshore Wind Power Market – Global Market Size, Average Price, Turbine Market Share and Key Country Analysis to 2025” is now available in the energy and power market intelligence section of RnRMarketResearch.com. Complete report on offshore wind power market is spread across
Seaweed Plans for Swansea Tidal Lagoon
Swansea’s proposed new tidal lagoon could have greater potential than just electricity generation. Selwyn’s Penclawdd Seafoods, who specialises in cockle and laverbread production, is looking to develop a seaweed farm within the lagoons sea walls. “I was looking at ways of revamping the laverbread m
Romax Doubles Bearing Grease Flushing Business
Romax has doubled the size of its main bearing grease flushing business across its customer portfolio over the past 12 months. The company use a unique process and specially developed patent-pending apparatus for grease flushing, designed to significantly increase a turbine’s life, reducing the cost
Eneco Says It Will no Longer Invest in Renewables
Dutch energy company, Eneco, said it will no longer invest in renewable energy projects since that is not possible without losing money and jobs, the Dutch media reported. This was announced by Eneco’s CEO Jeroen de Haas after consultations with high officials of the Ministry of Economic Affairs on
Senvion Revenues Up 6.6 Pct
Senvion total revenues increased 6.6% to EUR 1,926 million in the FY2014/15 compared to the previous year. Total performance increased from EUR 1,845 million in FY2013/14 to EUR 1,999 million in FY2014/15, an 8.3% increase year on year. Adjusted EBITDA for FY2014/15 was EUR 155 million, an increase
SgurrEnergy Supports Veja Mate Financial Closing
SgurrEnergy, renewable energy consultancy, has supported Veja Mate offshore wind farm to financial close. The 400MW project, located in the German Exclusive Economic Zone of the North Sea, approximately 95km north of the island of Borkum, is being developed by Highland Group Holdings Ltd. and consis
New EUR 2 Bln Fund Set Up for Renewable Energy
With 19 financial investors, Copenhagen Infrastructure Partners (CIP) has established a new investment fund, Copenhagen Infrastructure II K/S, which amounts to approximately DKK 14.7 bn (EUR ~2bn). The fund’s focus will be on investments in energy infrastructure, primarily renewable energy, in North
Stonehenge Teams Up with U.S. Uni for DOE’s Funds
Stonehenge Metals Limited has entered into a Memorandum of Understanding (MOU) with the California Polytechnic University at San Luis Obispo (Cal Poly) to support joint applications for two major funding opportunities with a combined total value pool of US$3.75m being offered by the U.S. Department
EU on Track to Meet Its 2020 Targets, Report Says
The EU will come close to meeting the binding 2020 target on the deployment of renewable energy sources (RES), with currently implemented and planned RES policy initiatives, according to a new report. It finds that majority of Member States is expected to meet mandatory RES targets by 2020. Nineteen