Business & Finance
RWE Cuts Renewables Budget
German utility, RWE, has slashed its renewables investment plans to EUR 1 billion from 2015 to 2017, having invested the same amount between 2008 and 2014. This move comes after the company’s debt reached EUR 31 billion due to crisis in the power sector. Hans Buenting, chief executive of RWE Innogy,
Dalby Advancing with Endeavour Wharf Developemt
Dalby Offshore Services is working with Scarborough Borough Council to promote the Borough – and the ports of Whitby and Scarborough in particular – as a location to establish offshore wind operations and maintenance activity. Following an open tender process, Dalby Offshore Services Limited were id
France Offers EUR 425 Mln to Industrialize Several Projects
French Economy Minister Emmanuel Macron has announced the creation of an investment fund worth EUR 425 million to support projects, including those in renewable energy sector, with an aim to accelerate their transition from experimental to the industrialization stage. The fund aims to support the co
USA Allocates USD 8 Mln for Marine Renewables
The U.S. Energy Department has announced $8 million in available funding to spur innovation in next-generation marine and hydrokinetic (MHK) control and component technologies. In the United States, waves, tides, and ocean currents represent a largely untapped renewable energy resource that could pr
Wind Energy Uncertainty Forces Businesses to Exit, Says Report
FTI Consulting, Inc., the global business advisory firm, released latest renewable energy publication, Global Wind Supply Chain Update 2015. This report is part of a series of data-driven publications evaluating competitive markets, policy, finance, technology and business models across the energy s
NT Offshore Expands into Offshore Cable Industry
NT Offshore, specialised in services to the maritime industry, offshore renewables and the oil & gas industry, has expanded into offshore cable industry. New activity is called NTO Nordic, meaning all operational equipment to perform Route Clearance (RC)/Pre-lay grapnel run (PLGR) has been acquired
Ming Yang’s Subsidiary Repays EUR 136 Mln Notes
China Ming Yang Wind Power’s subsidiary, Guangdong Mingyang Wind Power Industry Group Co., Ltd. (GMWP), has successfully repaid its EUR 136 million (RMB 1.0 billion) notes in full on time. The total payments of the principal amount and interests with respect to the Notes were approximately EUR 171.4
VIDEO: How to Prepare for Critical Situations
Head-high waves, harsh wind and teetering wind turbines – the maintenance of offshore wind plants involves many risks. Siemens brings the second part of “No Job for Wimps” series, in which service technician André Carstens takes us on the high seas to show how you prepare for critical situations. En
Japanese Visit European Marine Energy Centre
Orkney’s marine energy industry has been the focus of a fact-finding visit by Japanese politicians and business leaders. The 10-strong party from the Nagasaki Prefecture, on the island of Kyushu, toured the European Marine Energy Centre (EMEC) in Stromness at the weekend to learn more about Orkney’s
DeepOcean Reorganises the Company
DeepOcean Group Holding B.V. (DeepOcean) started a reorganisation of the company today. Effective 1 January 2015 DeepOcean is organised in two main regions, the Greater North Sea (“GNS”) region and the International region. Ottar Mæland will head up the GNS region as Group EVP GNS. Group support fun
Marine Renewables Canada Funds Energy Development Acceleration
Marine Renewables Canada has issued a request for proposals for research projects to be funded by Marine Renewables Canada in conjunction with the Standards Council of Canada’s Mirror Committee (SMC) to the International Electrotechnical Committee’s (IEC) Technical Committee 114 (TC114) – “Marine en
Wobben Properties Takes Siemens to Court
Wobben Properties is taking to court Siemens, companies that have purchased wind turbines from Siemens, companies that install the wind turbines for Siemens and some of Siemens’ customers, for patent infringement. The patented invention on Enercon’s Storm Control technology relates to a method of op
GDF SUEZ Appoints New CFO
Judith Hartmann has been appointed Chief Financial Officer of GDF SUEZ, effective 16 March 2015. Judith Hartmann, an Austrian citizen, holds a Ph.D. in Economics from the University of Vienna. She began her career in 1993 at Transport Canada in Ottawa. In 1997, she began working at the Financial dep
DOE Backs Energy R&D with USD 125 Mln
U.S. Energy Secretary Ernest Moniz has announced at the Woodrow Wilson International Center for Scholars that the Department of Energy’s Advanced Research Projects Agency – Energy (ARPA-E) is issuing its third open funding opportunity announcement, OPEN 2015, for up to $125 million. OPEN 2015 will s