Business & Finance
U.S. Secretary Jewell Sets Out Priorities for Prosperous Energy Future
In remarks at the U.S. Center for Strategic and International Studies (CSIS), Secretary of the Interior Sally Jewell laid out the Department’s priorities for strengthening the nation’s economy with a balanced, prosperous energy future over the next two years. Read the highlights of the speech: Our e
EC Grants EUR 25 Mln for Bilfinger’s Offshore Foundation Plant in Poland
European Commission has approved subvention for Bilfinger Mars Offshore’s offshore wind turbine foundation plant in Szczecin, Poland. The project is in accordance with Innovative Economy Programe’s priorities and receives from the European Regional Development Fund financial subvention for about EUR
Norwegian Offshore Wind Industry Shines at EWEA’s Event
Norwegian Centre for Offshore Wind Energy (NORCOWE) was well represented at the EWEA Offshore exhibition by several partner stands, three presentations and four posters – of which Yngve Heggelund’s poster was declared the best in the category “Resource assessment”. The poster “A fast reduced order m
Cape Wind’s Spokesman Resigns
Mark Rodgers has handed in his notice last week, after 13 years and 2 months of being Cape Wind’s Communications Director, Cape Cod Times informs. Even though media adds this move to a chain of setbacks that the project has experienced lately, Rodgers said that he is only taking the next step in his
GE to Combine Onshore and Offshore Activities
The USA energy giant, GE, will combine its onshore wind activities into the renewable energy joint venture with Alstom. “It has been decided to combine the assets of GE and Alstom in the renewable energy sector into a single group, reporting directly to [GE] CEO Jeff Immelt,” said Mark Hutchinson, i
U.S. Offshore Wind Capacity Could Reach 86 GW by 2050
Leaders of the U.S. wind energy industry said their companies and workers can deliver on a bold new vision for wind power to double in America over the next five years and ultimately become one of the country’s largest sources of electricity, with the savings to consumers reaching tens of billions o
Blue Water Backs Baltic 2 Jacket Foundation Work
JV Baltic II Foundations (joint venture between Hochtief and GeoSea) and Blue Water Shipping have cooperated on the project of shipping 41 jacket foundations from Lindo to the Baltic II wind farm in the Baltic Sea. During the project period from the summer of 2014 until January 2015, JV Baltic II Fo
Gwynt y Môr OWF Funds North Wales’ Community Projects
Gwynt y Môr Offshore Wind Farm has announced a £570,000 donation to the Royal National Lifeboat Institution (RNLI) in North Wales and the appointment of Community and Voluntary Support Conwy (CVSC) to administer its £multi-million Community Fund. The substantial funding package for the RNLI will sup
Aquamarine Power Puts Wave Farm Plan on Ice
Aquamarine Power has delayed its plan to install 40 to 50 wave energy converters off the west coast of Lewis, Scotland, and is looking to focus on production of components for shared use in the wave energy industry, The Herald writes. The company has put the plan on hold for five years, citing techn
Blackbird Cashes In Wave Energy Development Funding
Blackbird International Corporation (BBRD), the developer of sea wave energy technology, has received a line of credit from The Mercantile Discount Bank in Israel in order to cover the financial needs of WERPO for 2-3 years. Mr. Shmuel Ovadia, Director and inventor of BBRD’s technology stated, “This
Offshore Wind Boosts Van Oord’s Business
Van Oord has released financial information for 2014, saying that the company achieved a record turnover of EUR 2.104 billion (2013: EUR 1.641 billion). It is the first time in Van Oord’s history that its turnover has exceeded EUR 2 billion. This year, with the award of the Gemini project (EUR 1.3 b
Cofely Fabricom to Work on Lynn and Inner Dowsing OWFs
Cofely Fabricom has been awarded two framework agreements for the Provision of Mechanical and General Electrical Services and Major Works and Repairs for the Lynn and Inner Dowsing offshore wind farms operating 5km off the Lincolnshire Coast. With operations based out of Grimsby dock, the wind farm
Cuxport to Provide Logistics for North Sea Converter Platforms
Cuxport has signed an agreement with Siemens covering logistics operations for services for the following offshore converter platforms: BorWin 2, HelWin 1, HelWin 2 and SylWin 1. The long-term contract will come into effect in May this year. The agreement covers the acceptance, storage and picking o
Tidal Lagoon Power Appoints New Expert to Its Team
Tidal Lagoon Power has named Graham Hillier as its Managing Director for Development Services. He will join the company later in the spring to oversee the provision of in-house environmental, planning and property services to each of Tidal Lagoon Power’s projects subsequent to the Swansea Bay Tidal