The Swedish energy company, Vattenfall, will invest a total of SEK 9.1 billion (EUR 963 million) in wind power over the course of two years. According to the company’s full year report, Vattenfall is planning to spend SEK 41 billion (EUR 4.34 billion) for the same period, out of which SEK 11.1 billi
Marubeni Corp. has been selected to build two wind farms off the coast of Japanese Akita prefecture, Bloomberg informs. The two planned wind farms will have a total capacity of 145 MW. A 65 MW offshore wind farm will be built near the Akita port, while the Noshiro port will overlook an 80 MW facilit
Ignacio Galán, the chairman and chief executive officer of Iberdrola, has outlined a strategy for further multi-billion pound investments in renewables in the UK, with a strong focus on Scotland, in a lecture at the University of Strathclyde. Mr Galán was delivering the fourth James Blyth lecture at
InfraRed has been named as the final institutional equity investor in Tidal Lagoon Swansea Bay. The investment, equaling that of Prudential last October, confirms full equity funding from two British institutions. InfraRed, a leading global investment manager focused on infrastructure and real estat
Dong Energy issued its financial results for 2014 today, which show the company’s strong growth in EBITDA (+9%) and cash flows (+54%). However, decline in oil and gas prices resulted in post-tax impairments of DKK 6.6 billion. CEO and President Henrik Poulsen said: EBITDA was up 9% at DKK 16.4 billi
China Ming Yang Wind Power Group Limited appointed Jianren Wen as President of the Company. He succeeded Xueyong Zhao who resigned from this position on 10 October 2014. The appointment is with immediate effect. Mr. Jianren Wen has over 20-year experience in electricity and electrical equipment indu
DONG Energy has acquired the remaining 66.66% ownership interest in the UK offshore wind development Hornsea Project One from its joint venture partner SMart Wind. Hornsea Project One has a total capacity of up to 1.2GW, which will make it the world’s largest offshore wind farm once completed. DONG
Blackbird International Corporation (BBRD) has signed a partnership agreement with ACEP, The Africa Center for Energy Policy, with the goal of installing a sea wave energy power plant to supplement the region’s energy needs. Blackbird International Corporation’s fully owned affiliate, Wave Electrici
Earlier this week U.S. Secretary of Energy Ernest Moniz detailed President Barack Obama’s USD 30 billion Fiscal Year 2016 Budget Request for the Energy Department. According to the secretary Moniz, the FY 2016 budget includes USD 645 million for renewables, out of which USD 146 million will be alloc
Gavin Clark has joined Peter Brett Associates LLP, a development and infrastructure consultancy, as its new Director of Energy. Based in Reading, Clark will join the company’s teams working on major infrastructure projects. Clark is an experienced project manager and project developer with many year
Irish Minister for Communications, Energy & Natural Resources Alex White T.D. has welcomed the announcement that the SFI Centre for Marine Renewable Energy Ireland (MaREI) successfully raised an additional €4.2 million in funding from EU research funds for marine energy activities. The announcement
In recent months, global shipping company dap UK Ltd, has seen a massive increase in the number of movements awarded to the group that are directly related to the oil, gas and renewable energy industries. Dap UK Ltd has highlighted that it is well qualified to assist during the construction phase fo
Orkney MSP Liam McArthur has called on the Scottish Government to help provide clarity over future funding arrangements for the wave energy sector. During General Questions in parliament at the end of January, Mr McArthur asked Finance Secretary John Swinney for an update on progress with establishi
John M. Ferland has been named President of ORPC Solutions, Ocean Renewable Power Company’s subsidiary offering project development, licensing, and strategic services to river and ocean energy projects. With ORPC since 2008, Ferland draws on over 30 years of experience in commercialization strategy
