Business & Finance
Crown Estate Delivers Record Results
The Crown Estate has announced another record return for the benefit of the public finances and an overall performance which is significantly ahead of the market, as its portfolio value hits an all-time high. Profits of £285 million were delivered on the back of a historically high development pipel
Aberdeen Uni Gets GBP 300K for Indonesian Marine Energy
Sustainability researchers at Robert Gordon University (RGU) in Aberdeen have been awarded more than £300,000 in funding to further develop their work which aims to create a viable marine energy industry in Indonesia. The Centre for Understanding Sustainable Practice (CUSP) at RGU, led by Dr. Alan O
Dong Decides to Build Race Bank
DONG Energy has decided to construct Race Bank offshore wind farm, located in the Greater Wash area, approximately 27 km off the east coast of Britain. Race Bank will have a capacity of up to approx. 580MW and is expected to be fully commissioned in 2018. The wind farm will be constructed and operat
New Alliance Formed to Cut Offshore O&M Cost
Safety Technology Ltd, Offshore Turbine Services (OTS) and WTG Offshore have formed a strategic alliance to provide an integrated service for offshore inspection and maintenance. The three companies bring together expertise in safety systems, lifting equipment, rescue devices and fixed system inspec
Court Grants Trillium Power’s Destruction of Evidence Motion
The Ontario Superior Court of Justice has authorized Trillium Power Wind Corporation to amend its Statement of Claim against the Government of Ontario to include the claim of Spoliation, which refers to a willful destruction or suppression of evidence relevant to a legal proceeding. Trillium Power i
Bombora Swoops Indonesian Deal
Bombora Wave Power has signed a Technology Evaluation Agreement with Anoa Power of Indonesia. This agreement is a precursor to formulation of a manufacturing and distribution arrangement for Bombora Wave Energy Collectors (WEC) into Indonesia. Indonesia’s extensive archipelago faces significant chal
East Anglia ONE Needs More than One Port
At the East of England Energy Group (EEEGR) Westminster reception, East Anglia ONE Project Director Charlie Jordan has announced that the £2bn project was too big for just one port. The work would be spread between more than one of the main east coast ports, he told EEEGR’s 200 guests, including mem
Red7Marine Goes into Administration
A total of 47 people lost their jobs after energy service group Red7Marine went into administration. “In the period leading up to the administration, the group’s cash flows came under significant strain due to falling demand for the group’s services as a result of the collapse of the oil price, ongo
Frost & Sullivan: Composite Materials Manufacturers to Benefit from Longer Blades
Escalating energy demand and improving wind turbine technologies are fuelling the wind energy market and encouraging wind turbine installations. In turn, this is boosting the consumption of high-performance and lightweight blade materials, such as fibre, resins and core foam materials that can be us
Goldwind, CTG Plan Two Offshore Wind Projects
According to Chinese media, Goldwind, China Three Gorges (CTG) and Fuzhou municipal government have entered into an agreement to cooperate on the development of offshore wind projects. The agreement includes building of an offshore wind power equipment industrial park and an R&D center in Fuzhou cit
Windependents Goes Beyond Offshore Wind, Rebrands to ARC Sustainable Energy Solutions
As of the 19th of June 2015, Windependents is changing its name to ARC Sustainable Energy Solutions (ARC ses). ARC said it will no longer only focus on offshore wind, but will now cover the full spectrum of onshore and offshore sustainable energy projects. The company defines itself as a Project Par
Dong Energy First OWF Operator to Get ISO Certification
DONG Energy has received the internationally recognised ISO 55001:2014 certification for its operation, maintenance and integrity management of offshore wind power assets. The company ‘Bureau Veritas’, an internationally recognised organisation, was responsible for conducting the certification. DONG
NWA Develops Nordergründe Insurance Package
Nordwest Assekuranzmakler GmbH & Co. KG (NWA) has developed the insurance concept for the offshore project Nordergründe. The insurance specialist is thus providing a key building block for financing the project, which will cost 410 million euros. The Nordergründe wind farm, which is located 15 kilom
Dutch Pension Fund Takes Stake in German OWF
Dutch pension fund manager PGGM is taking part in the new German offshore wind farm Baltic 2. PGGM will invest in the project alongside Macquarie Capital, who agreed to acquire a 49.89 percent stake in the project earlier this year. This investment is in line with the ambition of PGGM’s clients to