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Business & Finance

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Scottish Renewables Welcomes Wave Cash
Business & Finance

Scottish Renewables Welcomes Wave Cash

Following the announcement by Scottish Energy Minister Fergus Ewing that Wave Energy Scotland (WES) will receive a total of £14.3 million over the next thirteen months, Lindsay Leask, Senior Policy Manager, Offshore Wind & Marine at Scottish Renewables, said that this reflects Scottish Government’s

about 11 years ago
Nemo to Interconnect Belgium and UK
Business & Finance

Nemo to Interconnect Belgium and UK

Elia, the Belgian electricity transmission system operator, and the UK National Grid will today sign a joint venture agreement to move ahead with the Nemo Link- the first electricity interconnector between the two countries. The interconnector, able to provide 1000 MW of capacity, will run 140 kilom

about 11 years ago
THMA Signs Up Aalco as 200th Member
Business & Finance

THMA Signs Up Aalco as 200th Member

Team Humber Marine Alliance (THMA) has signed up Aalco as its 200th member company, nearly 20 years after the business development organisation was formed. John Coates, sales and marketing manager of Aalco, Hull, said: “With the recent announcements by and on Able Marine Energy Park, CS Wind, Dogger

about 11 years ago
Vattenfall to Build Horns Rev 3
Business & Finance

Vattenfall to Build Horns Rev 3

Vattenfall Wind Power has won the bidding in the process to build the offshore wind farm Horns Rev 3 outside the Danish west coast. Now the company awaits approval from the Danish Parliament and EU. With a total capacity of 400 MW, the wind farm will produce electricity for 450 000 households from 2

about 11 years ago
RenewableUK: Costs Reduced Thanks to Bigger Turbines
Business & Finance

RenewableUK: Costs Reduced Thanks to Bigger Turbines

RenewableUK commented today on the release of Offshore Renewable Energy (ORE) Catapult’s ‘Cost Reduction Monitoring Framework’ on behalf of the Offshore Wind Industry Council. This is the most substantial and comprehensive look at what progress is being made in reducing offshore wind costs. A backwa

about 11 years ago
Tocardo Acquires UK Tidal Energy Company
Business & Finance

Tocardo Acquires UK Tidal Energy Company

Tocardo Tidal Turbines is acquiring Swanturbines Intellectual Property, including the patented subsea tidal turbine technology and deployment methods. The transaction includes intellectual property, patents and technology as well as the trade name of Swanturbines, a UK based tidal energy company. “F

about 11 years ago
Offshore Wind Cost 11% Lower, Report Says
Business & Finance

Offshore Wind Cost 11% Lower, Report Says

A report issued today by Offshore Renewable Energy (ORE) Catapult reveals that the cost of energy from offshore wind farms has fallen by almost 11% over the past three years, ahead of schedule on its path to delivering the UK Government’s target of £100/MWh by 2020, and providing clear evidence that

about 11 years ago
French Towing Company Backs Fecamp OWF Project
Business & Finance

French Towing Company Backs Fecamp OWF Project

On February 9th 2015, the first Seatower gravity based foundation (GBS) for the Fecamp offshore wind farm was successfully installed 15km off the coast of Normandy. During the course of this project, towage specialist BOLUDA FRANCE provided its expertise, procurement and towage services to contribut

about 11 years ago
Dong Makes Board Changes
Business & Finance

Dong Makes Board Changes

The Nomination Committee of Dong Energy A/S has nominated Lene Skole and Lynda Armstrong as new members to Dong Energy’s Board of Directors. Lene Skole is also nominated as the new Deputy Chair. The nomination of Lene Skole as new Deputy Chair is a natural consequence of the current Deputy Chair, Jø

about 11 years ago
Vattenfall Sells Its Stake in CfD-Awarded Project
Business & Finance

Vattenfall Sells Its Stake in CfD-Awarded Project

Along with the announcement of being awarded Contract for Difference (CfD) from the UK Government for it East Anglia 1 project, ScottishPower Renewables also informed that it is buying a 50% stake in the project from Vattenfall. “The East Anglia ONE project will now be developed solely by ScottishPo

about 11 years ago
Scotland Welcomes Offshore Boost
Business & Finance

Scotland Welcomes Offshore Boost

Scotland’s renewables industry received a welcome boost this morning with one of the country’s offshore wind projects allocated funding for the next 15 years, and support announced for a number of onshore wind farms. “With Neart na Gaoithe and the Beatrice development in the Moray Firth, we now have

about 11 years ago
Two UK Offshore Wind Projects Win CfDs
Business & Finance

Two UK Offshore Wind Projects Win CfDs

The UK Department of Energy and Climate Change (DECC) published the outcome of the first allocation round of Contracts for Difference (CfD) this morning, at the same time the National Gid notified applicants of the outcome. Among 27 awarded projects, two offshore wind farms have been selected as win

about 11 years ago
CableFish to Reduce Cable Installation Costs
Business & Finance

CableFish to Reduce Cable Installation Costs

UK innovator, North Sea Systems, completed the first full scale trial of its novel CableFish in December, which was put through its paces at the European Marine Energy Centre (EMEC) in the turbulent waters around Orkney. The technology was welcomed by Scottish Energy Minister Fergus Ewing who said:

about 11 years ago
Wave Energy Scotland Gets GBP 14.3 Mln
Business & Finance

Wave Energy Scotland Gets GBP 14.3 Mln

Wave Energy Scotland (WES) will receive a total of £14.3 million over the next thirteen months, Scottish Energy Minister Fergus Ewing announced today. ‘Wave Energy Scotland’ awarded its first contract to a group of 12 former Pelamis employees, led by former Chief Executive of Pelamis Wave Power Rich

about 11 years ago
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