Business & Finance
Offshore Wind Leaders Ask for Certainty
Talk of long-term funding dominated the agenda item at Scottish Renewables’ Offshore Wind and Supply Chain Conference last week, as the sector stands poised for the results of CfD deliberations this month. Discussions about the future of the sector were prompted in part by the upcoming decision on t
ORE Catapult Appoints New Finance Director
The Offshore Renewable Energy (ORE) Catapult has welcomed Andrew Walls C.A to its senior management team as Finance Director. Walls trained with the global firm PricewaterhouseCoopers, working with both private and public sectors delivering audit, financial diligence and consultancy assignments for
Fugro Tackles Subsea Challenges
The importance of having a variety of capabilities in subsea services is the focus of a new campaign by Dutch geo-services company Fugro. Every two weeks throughout the remainder of 2015, Fugro Subsea will spotlight a different challenge faced by companies that develop, install and operate seabed as
Weserwind Files for Bankruptcy
German steel construction company, Weserwind, filed for bankruptcy yesterday, that will affect 370 employees. According to Nordsee-Zeitung , Weserwind parent company, Georgsmarienhütte, stoped payments for high loss making subsidiary which led to this outcome. It is “no longer economically feasible
Cape Wind Suspended from New England Market, Loses Two Land Deals
What was set out to be the US first offshore wind farm raised more doubt in the last week. The 468-MW Cape Wind project off the coast of Massachusetts has been suspended from participating in New England’s wholesale electricity markets by ISO New England. A New England ISO spokeswoman said: “In gene
All Businesses Have Important Role, Says SSE
SSE took part in Scotland’s largest offshore wind and supply chain conference organised by Scottish Renewables. The conference in Aberdeen saw more than 800 people come together to discuss the future of Scotland’s offshore wind industry and the opportunities it presents for businesses. Sandy Biggar,
GDG Dives Deeper into Offshore Renewables Industry
Gavin and Doherty Geosolutions Ltd. (GDG), a specialist geotechnical engineering consultancy, has successfully completed Stage 1 of foundation testing for OpenHydro’s tidal turbine project. GDG is exploring the interaction of the structure’s vertical self-weight and the horizontal environmental load
U.S. Atlantic Coast States Choose Renewables over Drilling
The U.S. Department of Interior’s (DOI) Bureau of Ocean Energy Management (BOEM) has recently released a draft strategy for offshore oil and gas leasing, which has shown that a significant number of officials representing eastern coastal states disapprove the plan, recommending renewable energy, esp
GIB Makes New Appointments
The UK Green Investment Bank (GIB) appointed Peter Knott as Chief Financial Officer earlier this week. Knott was a Chief Risk Officer at GIB before assuming his new role. Chairman of the UK Green Investment Bank, Lord Smith of Kelvin said: “Now we have moved beyond the start-up phase it is important
TenneT Seeking Supervisor for Its Offshore Projects
TenneT is on the market for a contractor for the provision of maritime consulting and support services for offshore installation projects in North Sea and Wadden Sea. The contract covers supervision of marine construction projects, primarily submarine cable laying, and provision of a vessel. Additio
WINDFORCE Powered by ELA Container Offshore
ELA Container Offshore GmbH will be the main sponsor of WINDFORCE conference and exhibition in 2015 and 2016, after its participation as Partial Sponsor in 2013 and 2014. “We are very pleased that we were able to gain ELA as a new Main Sponsor for Windforce. We are happy to provide an attractive pla
Carnegie Cashes In $3.9 Mln Tax Rebate
Australian wave energy developer, Carnegie Wave Energy Limited, received a Research and Development Tax Incentive cash rebate from the Australian Tax Office of $3.9 million. The R&D Tax Incentive is a market driven program accessible to all industry sectors. It provides a targeted tax offset to enco
Highland Group Extends K2 Management’s Offshore Wind Contract
Highland Group Holding Limited has awarded K2 Management with a project management and technical development contract until the end of 2017, when the 400 MW German Veja Mate offshore project is scheduled to be operational. Highland Group Holding also owns Deutsche Bucht (210 MW) offshore project, pl
UK Energy Minister Meets with GEV Wind Power
GEV Wind Power Projects Director, Alastair Gadney, was among the energy industry leaders to be hand-selected to meet with the RT Hon Ed Davey, Secretary of State for Energy and Climate Change, at a recent roundtable discussion at the Hull & Humber Chamber of Commerce offices. The Minister led the gr