K2 Management has been awarded with an assignment from DBD Systems to assist on the design, engineering and project development on its floating foundation technology. Starting up K2 Management will, according to its US Managing Director Carsten Jensen, provide specific offshore project development a
A £190 million funding package that will provide a major boost to the Tees Valley economy by creating up to 1,000 jobs, building up to 1,500 homes and strengthening transport links for local businesses was officially signed by UK Local Growth Minister Penny Mordaunt on November 20. The Tees Valley G
The New Jersey Board of Public Utilities (BPU) has once again rejected the Fishermen’s Energy proposal for a demonstration offshore wind project off the coast of Atlantic City. On Friday, the BPU said that the project is financially unviable for the state and ratepayers. The BPU objected the Fisherm
Scotland is to establish a wave energy technology development body to encourage innovation in the industry, Minister for Business, Energy and Tourism Fergus Ewing has announced. Wave Energy Scotland will bring together the best engineering and academic minds to collaborate in a research and developm
The directors of Pelamis Wave Power have announced that they have been unable to secure the additional funding required for further development of the Company’s market leading wave energy technology. As a result of this, the board has moved to appoint an administrator to assess the options for secur
The German steel fabricator EEW Special Pipe Constructions GmbH and the Danish steel construction company Bladt Industries A/S have invested in a new joint company based by the River Tees in the UK to manufacture offshore steel structures. The new joint company, Offshore Structures (Britain) Limited
Over the summer, several hands contributed to put Siemens’ service operation vessels (SOVs) into shape. The first SOV hull has been built at the Cemre shipyard in Turkey. It arrived at the Havyard shipyard in Norway in August – its final building site. Soon, the first SOV will be ready for docking o
The Carbon Trust, through its Offshore Wind Accelerator (OWA) programme, has issued a call for entries from companies interested to undertake a study aimed to assess the benefits of Integrated Design in a FEED level ‒ Front End Engineering and Integrated Design (FEEDID). The primary objectives of th
The planned DolWin3 offshore submarine cable connection is a DC power transmission link of approximately 42 km. The starting point will be north of the island of Borkum, Germany. The route is within the German EEZ with the final destination at substation DolWin Gamma. The grid operator is inviting t
Tribute Resources Inc. has established a new corporation called International Marine Energy Inc. (IME). IME has acquired the interests of Tribute in Western Tidal Holdings (WTH). It is the intent of Tribute to develop all further tidal power projects in Canada and internationally within IME. IME is
ReportsnReports.com added Offshore Vessels and Cables Market – Market Size, Competitive Landscape and Key Country Analysis to 2020 research report to its store. The industry research provides an understanding of the type of vessels required for offshore wind farm development and highlights major tre
Trawlercat Marine Designs (TMD), a Canadian designer of power catamarans for workboat industries, is seeking a Partner(s) to fund their prototype 25m x 10m carbon fibre composite Carbon-Cat Offshore Wind Farm Crew Transfer Vessel (OWF CTV). The vessel will be built by TMD’s build partner, Tuco Marin
Global investment in activities that reduce the threat of climate change fell for the second year in a row from USD 359 billion in 2012 to USD 331 billion in 2013. Climate Policy Initiative’s Global Landscape of Climate Finance shows that while public sources and intermediaries contributed USD 137 b
While recent growth in offshore wind capacity and plans for future expansion to meet EU renewable energy targets are fuelling demand for credit in the sector, the assets come with distinct challenges for investors, says Moody’s Investors Service in a Sector In-Depth report published recently. “A new
