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
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
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
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:
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
Offshore Wind Supply Chain Seminar Organized in Copenhagen
INTPOW has announced that its 6th Offshore Wind Supply Chain Seminar will be held in Copenhagen on the 9th of March 2015, one day ahead of EWEA Offshore Wind 2015. In addition to the Norwegian offshore wind industry, this year, given the international setting, INTPOW is going to host Danish and othe
EC Puts GE-Alstom Merger under Lens
The European Commission (EC) will undertake an in-depth investigation to assess whether GE-Alstom merger is in line with the EU regulations. Commissioner Margrethe Vestager, in charge of competition policy, said: “We are concerned that the proposed acquisition might not only lead to higher prices bu
First Power at Humber Gateway, Community Fund Introduced
E.ON has launched a £2 million fund for its Humber Gateway Offshore Wind Farm, which is set to benefit local communities in the East Riding of Yorkshire and Grimsby. E.ON establishes community benefit funds to help the communities in which it operates and works closely with local councils to discuss
Bilfinger’s Nordergründe Offshore Wind Job Worth EUR 30 Mln
As announced yesterday, Bilfinger Marine & Offshore Systems has won an order for the installation work at the new Nordergründe offshore wind farm. Today, the company released some details about its new contract. The order from wpd, the offshore wind farm’s developer, has a volume of approximately €3
Ocean Energy Europe Grabs Alstom Vice-President
Ocean Energy Europe’s Board of Directors has elected Rob Stevenson as its new President. Stevenson is Vice-President of Alstom’s Ocean Energy Business, having moved in 2013 from his position as Vice-President of Rolls-Royce Power Ventures and CEO of Tidal Generation Ltd. His appointment follows the
Dalby Offshore Shortlisted for Humber Renewable Awards
Dalby Offshore has been announced as a finalist in the Humber Renewable Awards in the Medium/ Large business of the year category. The event held by Hull Daily Mail looks at Dalby’s 2014 performance and plans for future growth and recognizes businesses in the renewable industry with a green focus. T
Deutsche Bank Goes Green
Deutsche Bank plans to invest EUR 1 billion into a portfolio of high quality liquid assets in the form of Green Bonds. These will be held as part of the Bank’s Liquidity Reserve investments. Deutsche Bank has already made EUR 200 million in eligible Green Bond investments and plans for this portfoli
Wpd Puts Together Nordergründe Dream Team
Wpd AG has closed all the supply contracts for the Nordergründe offshore wind project. Nordergründe is the first German offshore project for which the work will be exclusively delivered and installed by German companies. Moreover, all suppliers have their manufacturing in the north-west region. As a
Blue Growth Projects Cash in Nearly EUR 14.5 Mln
Three projects under the H2020 priority Blue Growth will receive nearly €14.5 million EU funding to develop tools for the exploration of the underwater world, as well as to advance the Blue Growth economy. BRIDGES, a four year-long project bringing together research partners from 9 countries, will i