Business & Finance
Government Backs Offshore Wind and Tidal Energy
Chancellor George Osborne has issued the Autumn Statement which sets out the next stage of the government’s long-term economic plan. According to the document the government is working to bring private capital into the Green Investment Bank through a new fund for private investment in operational of
Former Areva CEO Luc Oursel Dies
Areva has announced its former president and CEO, Luc Oursel, has died. Oursel resigned last month due to health reasons, but noted he will remain available in order to ensure the best possible transition. In a press statement Areva said: “All of our thoughts are with his wife, his children and his
Aquamarine Power to Scale Down Its Business
Wave energy company Aquamarine Power has announced plans to downsize its business. Commenting on the news, Aquamarine Power Chief Executive Officer John Malcolm said: “Following a strategic review the Board of Aquamarine Power has decided to significantly downsize the business. “This will involve re
CG Appoints New Executive Vice-President
Avantha Group Company CG has appointed Mr. Jean-Michel Aubertin as Executive Vice-President and President of Power Business Unit. Aubertin will also be a member of CG’s Executive Committee. Jean-Michel joins CG with an extensive experience of the global electrical market, having spearheaded business
France: Offshore, Floating Wind Tenders Scheduled for 2015
French Minister of Ecology, Sustainable Development and Energy, Ségolène Royal, has announced that the country will launch its third offshore wind tender next year. In yesterday’s speech, Royal did not reveal what capacity will be offered, but did note the tender process will be replaced by a “compe
Wales Decalres Tidal Lagoons as Good Option
The 2014 Project Pipeline Update to the Wales Infrastructure Investment Plan notes the potential for tidal lagoons to bring up to £5bn of private sector investment to Wales. The Swansea Bay Tidal Lagoon has also been named in the National Infrastructure Plan 2014, published by HM Treasury ahead of t
Interconnectors to Take Part in Capacity Market from 2015
Interconnectors linking Britain to Belgium will be able to participate in the second four-year-ahead Capacity Market auction in 2015, which will ensure a secure energy supply in the winter of 2019/2020 from a diverse range of energy sources. Improving UK connection to Europe’s energy markets means t
OpenHydro’s French Tidal Turbines to Come Online in Three Years
Following a comprehensive process of Expressions of Interest and the resulting recommendation by the French Environment and Energy Management Agency (ADEME), the French Prime Minister has selected DCNS (OpenHydro parent company) and EDF Energies Nouvelles for the development of pilot tidal turbine a
Alstom’s Oceade Tidal Turbine to Prove Its Performance at Raz Blanchard
Alstom, together with GDF SUEZ, has been chosen by the French Prime Minister to supply equipment for a tidal energy pilot farm at Raz Blanchard, west of the Cotentin peninsula (Manche), following the findings of a study conducted by the ADEME. This choice was made as part of the “Programme des Inves
MHI Vestas’ V164-8.0 MW Turbine Provisionally Certified
MHI Vestas Offshore Wind has been granted provisional (B) certification for the V164-8.0 MW from leading classification group DNV GL. The certification acknowledges conformity with standards for the design, testing and manufacturing of the turbine and gives a green light to proceed with commercial s
France Gives Green Light for Two Tidal Energy Projects
French Prime Minister Manuel Valls today announced the winners of a call for tender for pilot tidal energy farms in West Normandy, France. Europe’s ocean energy industry welcomed the announcement, stating that it marked the beginning of the next stage of development for the sector – commercialisatio
ZephIR 300 Lidar Proves Its Bankability
ZephIR 300 has demonstrated its ability for providing quantitative wind speed measurements, to an industry-approved standard and is now accepted within a Technical Advisor / Bank’s Engineers formal energy assessment of a modern scale wind farm with specific site conditions forming part of the approp
MacArtney Grabs Callidus Subsea
MacArtney UK Ltd has acquired Callidus Subsea Ltd, an industrious cable moulding and assembly company based in Ellon, Aberdeenshire. The acquisition of Callidus follows a sustained spell of growth and record breaking results for the Aberdeen based MacArtney operation who continues to take full advan
Swansea Bay Tidal Lagoon Forges Ahead
Welsh Secretary Stephen Crabb today (2 December) welcomed progress towards the world’s first power generating tidal lagoon potentially being built in Wales. It follows today’s announcement in the National Infrastructure Plan that the government will start closer discussions with Tidal Lagoon Power L