Business & Finance
MeyGen Nets GBP Multi-Million Funding for Phase 1A
Atlantis, majority owner of the tidal stream energy project MeyGen, has announced that its flagship project has achieved another significant funding milestone, successfully completing all conditions required to initiate its first drawdown from its senior project finance providers, The Crown Estate a
Hughes SSE Wraps Up Diving Work at Gwynt y Môr
After more than two years of work, Hughes Sub Surface Engineering (Hughes SSE) has completed works on the world’s second largest wind farm – Gwynt y Môr. Since 2012 Hughes SSE has been a provider of core services to the construction efforts at Gwynt y Môr wind farm. During a 34 month involvement, Hu
Port of Cuxhaven Forging Ahead with Offshore Wind
In a letter marking the end of a successful year, Hans-Peter Zint, CEO of the Port of Cuxhaven, has highlighted the significant role that the offshore wind industry had at the port. As should be the case for a multipurpose port, different kinds of cargo played a key role in this success. In terms of
OPT Receives USD 1.1 Mln
Ocean Power Technologies, Inc. (OPT) has announced that it has received approximately $1.1 million through the State of New Jersey’s Business Tax Certificate Transfer Program. The Program enables companies to raise cash to finance their growth and operations and is administered by the New Jersey Eco
CorPower Ocean Awarded EUR 100K
As one of four finalists of the MIT Building Global Innovators Award, the KIC InnoEnergy start-up CorPower Ocean was awarded € 100,000 in the category “Ocean Economy”. The jury considered CorPower´s Wave Energy Converters as the most competitive business idea among several hundred screened applicati
LIPA Ommits Deepwater’s OWF, Picks Only Solar Projects
The Board of Trustees of the Long Island Power Authority (LIPA) have decided to award power purchase agreements (PPAs) to eleven solar energy projects yesterday. One of the renewable energy projects expected to be selected by LIPA was the Deepwater Wind’s offshore wind farm. Last year, LIPA called f
Energinet.dk Gets Approval to Build Kriegers Flak Grid Connection System
On December 16, the Danish Minister for Climate, Energy and Building issued an investment approval for units to be erected by Energinet.dk in order to connect the forthcoming offshore wind turbines at Kriegers Flak in the Baltic Sea to the onshore electricity grid. The approval allows Energinet.dk t
LEEDCo to Design Offshore Wind Foundations Optimized for Fabrication in U.S.
The Lake Erie Energy Development Corporation (LEEDCo) announced today that it is leading an international engineering team to design an offshore wind turbine foundation optimized for fabrication in the United States. The design will catalyze domestic manufacturing growth by removing barriers to entr
Alstom Assists with Singapore’s Renewable Energy Integration
Alstom and Singapore’s Nanyang Technological University (NTU) have announced a collaboration to design, develop and deploy MicroGrid Power Mix Management (MPMM) solution in the context of the Renewable Energy Integration Demonstrator – Singapore (REIDS) initiative. This collaboration will begin from
WIND SERVER to Get Busy from January
Today, DBB Jack-Up Services A/S officially took delivery of its new offshore service vessel from Nordic Yards in Germany. During the handover ceremony, the ship was named WIND SERVER. Thorsten Jalk, CEO of DBB Jack-Up Services A/S said: “The new jack-up vessel will be in operation from as early as J
Fabrication of Sandbank OWF’s Foundations Starts
Vattenfall and Stadtwerke München (SWM) have announced the start of manufacturing of the components for the Sandbank offshore wind farm. The fabrication of 72 steel monopile foundations for wind turbines has started at EEW Special Pipe Constructions GmbH in Rostock. Depending on their location withi
UK’s Offshore Wind Generates 14% More Energy in Q3 2014
According to the UK’s Energy Trends and Quarterly Energy Prices published by the Department of Energy and Climate Change (DECC) today, December 18, offshore wind energy generation rose by 14.1 per cent compared to the same period last year. Renewables’ share of electricity generation increased from
GRS Needs More Space for Growth
German Renewables Shipbrokers (GRS) remains on a course for growth, thus the company is moving to considerably larger premises at Stadthausbrücke 7. “Over the past 3.5 years, we have seen a positive development that makes us very proud,” says Philippe Schönefeld, managing partner of GRS. “Our unders
Alicat to Build Another CTV for Dalby Offshore
Dalby Offshore and Alicat Workboats have signed a contract for the construction of an Alicat 23m Crew Transfer Vessel (CTV). The Dalby Don, which is set to be delivered in July 2015 is a sister vessel to the Dalby Swale delivered during 2014 that has worked on the Greater Gabbard and London Array Of