Following an acquisition of its subsea business by Reef Subsea UK in 2011, Rotech Group is now re-entering the market with its Rotech Subsea company. Having previously built up and operated the Rotech Subsea mass flow excavation business from 1999, Rotech Subsea‘s equipment was subsequently sold to
Albatern, a wave energy company based in Scotland, has been supported with a GBP 400,000 investment from the Government’s Renewable Energy Investment Fund (REIF), administered by Scottish Enterprise. The funding will enable the company to complete verification of existing units and position it to co
Akuo Energy, the French independent renewable energy power producer, Bell Pirie Power Corp. and PNOC RC have signed a Memorandum of Understanding (MoU) for the development of a next- generation renewable marine energy project. This cooperation agreement was signed during a luncheon organised by the
Developers of the Cape Wind project have notified Massachusetts Clean Energy Center (MassCEC) that they are letting go of the lease for a marine terminal in New Bedford. The decision came after Cape Wind was asked by MassCEC to give the center an opportunity to make the best out of the terminal spac
Deepwater Wind, the US wind energy developer, has fully financed its Block Island project, reaching financial close on more than $290 million in project financing. Mandated Lead Arrangers Societe Generale and KeyBank National Association provided the funding for the wind farm. With these major agree
Tidal Lagoon Power today submitted an Environmental Impact Assessment (EIA) scoping report for a full-scale tidal lagoon between Cardiff and Newport. The project will have an installed capacity, dependent on final design, of between 1,800MW and 2,800MW, giving a reliable annual output of 4 TWh to 6
A new survey by OnePoll, commissioned by RenewableUK, reveals that the UK public think that subsidies for wind power are over fourteen times the amount they actually are. OnePoll questioned 2,000 UK adults and found that the average estimate was £259 from a typical £1,300 annual domestic dual-fuel e
The GBP 10 million Saltire Prize, created by the Scottish Government to accelerate the commercial development of wave and tidal energy technology, could easily be left without an awardee, since all four companies competing for it are currently far away from meeting the challenge, according to The He
Strategic Marine has appointed two senior executives to further boost its presence in key international maritime markets. Jim Fraser and Rob Boersma have both joined Strategic Marine with considerable experience in the international specialist boat building and maritime technology sectors. Both have
Scottish First Minister Nicola Sturgeon is calling on the UK Government to increase its ambition to develop offshore wind. Ms Sturgeon pointed to the fact that Scottish wind power is now substantially cheaper than nuclear, and said the lesson of the last decade of onshore wind development is that co
OSBIT Power has taken residency in the OrbisEnergy centre in Lowestoft and joined the East of England Energy Group (EEEGR). The company is keen to further its investment in the southern North Sea offshore market and to develop new connections in the area. This expansion builds on a highly successful
After today’s news that Vattenfall was chosen to build the Horns Rev 3 offshore wind farm, Danish Ministry of Climate, Energy and Building issued some details about the winning tender, revealing that the company was selected because it had agreed a price of 10.31 Eurocent per kWh, which will provide
New Anglia LEP has welcomed a big new investment in a major wind farm planned off the coast of East Anglia which has won the UK Government approval. Mark Pendlington, Chairman of New Anglia LEP said: “This further confirms the place of East Anglia as a top location in the world for offshore wind. “T
The Norwegian shipbuilder, Havyard, has taken a hit from cost overruns in ship construction, in spite of the rise in operating revenues in the fourth quarter of 2014. The negative EBIT of EUR 1.51 million (NOK 13 million) for this period was mainly due to construction of the Havyard 535 fishing vess
