Business & Finance
Market Outlook to 2025 of Wind Power in Sweden Now Available
Research and Markets has announced the addition of the “Wind Power in Sweden, Market Outlook to 2025, Update 2014 – Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles” report to their offering. The report provides an in-depth analysis on global
Vestas Raises Cash Flow Expectation
Danish wind turbine manufacturer, Vestas, has upgraded its free cash flow expectation to EUR 850 million. According to the company, the previous expectation of EUR 400-700 million was changed based on preliminary report. “The improvement is primarily driven by a better-than-expected development of t
OPUS MARINE Acquires New Offshore Accommodation Containers
OPUS MARINE GmbH has expanded its portfolio with the acquisition of six new offshore accommodation containers. Based on many years of offshore experience, the engineers of OPUS’ daughter company DIOGENES MODULES have designed a module perfectly matching the versatile requirements of the industry. Th
NIBC Assists in Ballast Nedam Acquisition
NIBC has advised Ballast Nedam on sale of Ballast Nedam Offshore. Namely, in early 2014 Ballast Nedam asked NIBC to examine the strategic options for the offshore business. After careful consideration of a number of options, Ballast Nedam and NIBC concluded that the sale of Ballast Nedam Offshore –
UK Parliament Debate: Offshore Wind – Industry of Opportunities or ‘Subsidy Junkies’?
UK Ministers of Parliament debated the effect of the Contracts for Difference (CfD) allocation process on offshore wind developments in one of five Westminster Hall debates this morning (January 6). The majority of MPs have stressed the industry’s positive overall impact on employment, local and nat
WFW Advises Strabag on Albatros OWF Sale
STRABAG OW EVS GmbH (“STRABAG“), a joint venture between STRABAG AG and the Norderland Group, has been advised by Watson Farley & Williams (“WFW“) on all legal and tax aspects of the sale of the “Albatros” offshore wind farm project to EnBW Energie Baden-Württemberg AG (“EnBW“). The planned offshore
OPT Names New Head of Company
Ocean Power Technologies’s Board of Directors has appointed George H. Kirby as President, Chief Executive Officer (CEO), and Director effective January 20, 2015. Terence J. Cryan, Chairman of the Board of OPT, stated, “George has a broad wealth of experience in the energy sector and a proven track r
JDR Appoints New CEO
David Currie was appointed as JDR Chief Executive Officer and a member of the Board of Directors, effective 12 January 2015. David is an accomplished industry leader with nearly 30 years’ experience in the global offshore energy industry, most recently the UK Regional President for Aker Solutions. P
Mustang Marine Enters New Year with Strong Order Book
Mustang Marine, which builds workboats and marine renewable energy devices, is celebrating a flying start to 2015. The company was bought out of administration in May 2014 by a group of nine investors, and has completed a broad range of orders in what was a successful second half of 2014. Now under
Wind Powers More than Quarter of UK Homes
RenewableUK has highlighted new official statistics from National Grid which show that record amounts of clean electricity were generated by wind power in 2014. Wind generated enough electricity to supply the needs of more than 6.7 million UK households last year; a 15% increase on the amount genera
No ROI from Oregon Wave Energy Trust, Report Says
A new report released by Cascade Policy Institute concludes that the public-private partnership Oregon Wave Energy Trust has failed to achieve a return on public investment. The Oregon Wave Energy Trust (OWET) is a nonprofit, public-private partnership established by the Oregon State Legislature tha
Marine Power Systems Updates Investors on Its Development
Marine Power Systems (MPS), a Swansea-based company that is developing technology designed to capture the energy from ocean waves, held an investor presentation last month at which it updated the audience with the development of its technology and importantly remains on schedule and within budget. M
HMRC and CMRC Merge
The Coastal and Marine Research Centre (CMRC) and the Hydraulics and Maritime Research Centre (HMRC) have amalgamated under the new banner of Beaufort. The Hydraulics and Maritime Research Centre (HMRC) at University College Cork was established in 1979. It is a centre of excellence within Ireland f
Hartlepool Hoping to Take Part in Offshore Wind
Hartlepool is ideally placed to take advantage of opportunities offered in offshore wind industry, said Councillor Christopher Akers-Belcher responding to question submitted at a full council meeting. Resident Steve Latimer claim after failing to realize Tees Valley Regeneration’s £1billion Victoria