Business & Finance
Scottish FM Urges for More Ambitious OW Development
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 Settles in OrbisEnergy Centre
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
Vattenfall Agrees 10.31 Eurocecent/kWh to Win Horns Rev 3
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: East Anglia Top Location in the World for Offshore Wind
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
Havyard EBIT Goes Under
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
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
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
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
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
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
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
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
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
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