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Business & Finance

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UK Q2 Wind Energy Generation Down 19 Pct
Business & Finance

UK Q2 Wind Energy Generation Down 19 Pct

UK Department of Energy & Climate Change has released energy statistics for second quarter of 2014. Total electricity generated fell 6.2 per cent from 83.9 TWh in 2013 Q2 to 78.7 TWh, reflecting lower demand. The generation by wind, PV, wave and tidal fell 10.2 per cent from 7.2 TWh to 6.5 TWh. In s

about 11 years ago
Crown Estate Adds New Board Member
Business & Finance

Crown Estate Adds New Board Member

The Crown Estate has announced the appointment of Paula Hay-Plumb to its main board, commencing 1st January 2015. Paula Hay-Plumb is an experienced board director in both the public and private sectors, and is currently a non-executive director at Hyde Housing Association and Aberforth Smaller Compa

about 11 years ago
Finland Selects Pori Tahkoluoto as Demonstration Project
Business & Finance

Finland Selects Pori Tahkoluoto as Demonstration Project

The Finish Ministry of Employment and the Economy has selected Suomen Hyötytuuli Oy’s plan for a wind power farm as an experimental project for offshore wind power. The MEE granted EUR 20 million in investment subsidies for the implementation of the project on 19 November 2014. However, the support

about 11 years ago
GIB Pays GBP 240 Mln for 20% Stake in Sheringham Shoal’s Owner
Business & Finance

GIB Pays GBP 240 Mln for 20% Stake in Sheringham Shoal’s Owner

The UK Green Investment Bank (GIB) today announced a significant investment in the UK’s offshore wind sector. GIB is purchasing a 20 per cent stake from Statkraft and Statoil in Scira Offshore Energy Limited (Scira), the owner of Sheringham Shoal offshore wind farm, for an agreed valuation of £240m.

about 11 years ago
Orkney to Produce Hydrogen from Wind, Tidal
Business & Finance

Orkney to Produce Hydrogen from Wind, Tidal

An Orkney-based project to develop an innovative use of renewable energy generated on land and at sea has secured funding support from the Scottish Government. The Community and Renewable Energy Scheme (CARES) Local Energy Challenge Fund has awarded just under £30,000 to the Orkney Surf and Turf ini

about 11 years ago
Renewables Powering Scotland
Business & Finance

Renewables Powering Scotland

Renewable energy has become Scotland’s main source of power, new independent figures have revealed. Records from the first half of 2014, the most recent period for which data is available, show renewables generated 32% more electricity than any other single source of power in Scotland. In total, the

about 11 years ago
Groundbreaking Ceremony for Maritime Link Project
Business & Finance

Groundbreaking Ceremony for Maritime Link Project

The governments of Nova Scotia and Newfoundland and Labrador and NSP Maritime Link Inc., a subsidiary of Emera, participated in a ground-breaking ceremony at the Bottom Brook construction site in Newfoundland and Labrador to recognize the start of construction of the Maritime Link Project. Nova Scot

about 11 years ago
EDF Contracts FLiDAR for 5-Year Offshore Wind Measurements
Business & Finance

EDF Contracts FLiDAR for 5-Year Offshore Wind Measurements

EDF has signed a 5-year framework agreement with FLiDAR for offshore wind resource measurements. FLiDAR will deploy several of its buoys on EDF offshore wind farms over the coming years. The FLiDAR units have recently been validated by DNV GL as reaching Stage 2 on the Carbon Trust Roadmap, which gr

about 11 years ago
Renewables to Benefit from EU Investment Plan
Business & Finance

Renewables to Benefit from EU Investment Plan

The European Commission today announced a € 315 billion Investment Plan to get Europe growing again and get more people back to work. The EC will create new European Fund for Strategic Investments (EFSI) to mobilise these funds over the course of three years. The Fund will be set up in partnership w

about 11 years ago
Offshore Energy Industry Catapults OSBIT Power into Success
Business & Finance

Offshore Energy Industry Catapults OSBIT Power into Success

UK’s North East engineering firm OSBIT Power has revealed a 450% growth in turnover for the last year as profits went up from £21,000 to £1.4m. Staff numbers have increased from 19 to 32 and OP has been able to pay off all of the company start-up debts. MD Dr Tony Trapp said: “This is […]

about 11 years ago
Balfour Beatty to Operate Thanet OWF’s Offshore Transmission Link
Business & Finance

Balfour Beatty to Operate Thanet OWF’s Offshore Transmission Link

Balfour Beatty Investments Limited has been chosen to operate the offshore transmission system of the Thanet wind farm. Ofgem has determined to grant an offshore transmission licence to Thanet OFTO Limited, which is the proposed licensee entity incorporated by Balfour Beatty Investments Limited, the

about 11 years ago
Ming Yang Announces New Board and Management Appointments
Business & Finance

Ming Yang Announces New Board and Management Appointments

China Ming Yang Wind Power Group Limited has announced the appointment of Mr. Longgen Zhang to its board of directors. He will replace Mr. Cole Capener who has served as an independent director since November 2013. Ming Yang also announced that its Chief Financial Officer (“CFO”) Mr. Calvin Lau woul

about 11 years ago
Siemens to Exit Tidal Energy Business
Business & Finance

Siemens to Exit Tidal Energy Business

Siemens announced its proposal to divest its ocean power generation business, in particular Marine Current Turbines (MCT), based in Bristol, United Kingdom. This restructuring would affect 45 employees in the Hydro & Ocean unit in Siemens Division Wind Power & Renewables. It is expected that the div

about 11 years ago
OPUS MARINE’s Fleet Grows
Business & Finance

OPUS MARINE’s Fleet Grows

The Hamburg based ship owning company and operator of Offshore Service Vessels OPUS MARINE GmbH is adding another vessel to its fleet. The “MAGNIFICAT” (ex “ATLANTIC COUGAR”) is the former Swedish Marine survey vessel “NILS STRÖMKRONA”. Since 2009 she has been in service for the UK based offshore sp

about 11 years ago
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