Business & Finance
RWE in Talks over Galloper Wind Farm
Plans are still underway to build the 68-turbine offshore East Anglian windfarm, Galloper – estimated to be worth £20million and 850 jobs to the local economy. RWE Innogy said it hoped to make an announcement in the spring on the future of the 340MW windfarm, despite announcing two months ago it wou
Nautilus to Support Companies in Hull and Grimsby
Nautilus Associates have been contracted by the Grimsby Institute to provide expert supply chain and business support to companies across North and North East Lincolnshire, Hull, and Yorkshire. The GREAT (Green Renewable Environmental and Associated Technologies) Project is a £5million business advi
Akuo, DCNS, Entrepose Sign NAUTILUS Contract
Akuo Energy, DCNS and Entrepose (VINCI Construction) have signed a partnership agreement regarding an Ocean Thermal Energy Conversion (OTEC) plant project on the island of Martinique, a project called NAUTILUS. Akuo Energy will entrust the design and construction of this plant to DCNS and Entrepose.
Centrica Names Non-Executive Director
Centrica plc has appointed Carlos Pascual as a Non-Executive Director of the Company, effective from 1 January 2015. Carlos will become a member of Centrica’s Audit, Nominations and Remuneration Committees. Carlos Pascual has held a number of senior positions in the energy industry and is a senior l
Oceanlinx Goes Under
Oceanlinx has gone into liquidation, costing its shareholders around EUR 53 million (AUD 80 million), writes Australian news site. Namely, Australian wave energy developer went into administration earlier this year preceded by incident that affected the company financially. During the transportation
Dong Closes Onshore Activities to Focus on Offshore
DONG Energy has today agreed to divest its shareholding in the Swedish onshore wind farm Storrun and Thursday last week the company divested its shareholding in the Norwegian onshore development company Zephyr. This marks the divestment of DONG Energy’s last onshore wind activities. As regards the 3
MassCEC Seeks Marine Terminal Operator
The Massachusetts Clean Energy Center (MassCEC) has released a request for proposals for professional marine terminal operators interested in managing and operating the Marine Commerce Terminal in New Bedford, a soon-to-be-completed multipurpose marine terminal located in New Bedford Harbor. “Bringi
Pelamis Fails to Secure Buyer
Scottish government is set to take over the Pelamis wave energy company’s assets after no final offer was made for the business. Although Highlights and island Enterprise was selected as the preferred bidder by KMPG administrators, the remaining 16 workers will lose their jobs. Blair Nimmo, joint ad
‘Gentle Giant’ to Work on Sandbank OWF
Subsea pile driving specialist MENCK, an ACTEON company, is providing its largest and most powerful hydraulic hammer to assist Bilfinger Marine & Offshore Systems with the installation of subsea foundations for Project Sandbank, a new 72-turbine strong wind farm in the North Sea. Known as the ‘Gentl
Statkraft Plans Multibillion Investment in Renewables
Over the next four years, Statkraft is planning green investments both in Norway and abroad. A proposal by the Norwegian Government to bolster Statkraft SF’s equity by NOK 5 billion (around EUR 552 million) was adopted by the Norwegian Parliament on December 11, 2014. The Ministry of Trade, Industry
Offshore Wind Defines Innovation Horizon, MAKE Says
Wind turbine technology has matured significantly, resulting in substantial reductions in LCOE and increased competitiveness of wind energy on the grid. Turbines have grown larger, more productive, cost effective and reliable due to technology investments. The next decade will bring further change,
First Subsea Gets GBP 130K from GROW:Offshore Wind
Subsea connector specialist, First Subsea, has been awarded £130,000 of Process Technology Innovation Funding under the Government’s GROW:Offshore Wind programme. The award is for development of a monopile interface connector and hang off cable connector for offshore wind farms; and top tension moor
Mainstream Raises EUR 60 Mln in New Corporate Debt Facility
Mainstream Renewable Power has successfully closed a new €60 million corporate debt facility. The four year facility was arranged through BlueBay Ireland Corporate Credit, a vehicle established by one of Europe’s leading asset managers BlueBay Asset Management, with substantial investment from the N
Areva’s 5MW Turbines to Spin at Wikinger OWF
IBERDROLA and Areva have signed a contract for the supply of wind turbines to the Wikinger offshore project. The contract has been valued at approximately €620 million. The French company will supply 70 M5000-135 5MW wind turbines, worth €550 million. For the first time, IBERDROLA will be installing