Business & Finance
Lagersmit Goes Back to Its Old Name
Starting in December 2014, IHC Sealing Solutions will operate under a new, but in the same time old and trusted, name of Lagersmit. On November 28, the name was unveiled at a party for employees of the ‘new Lagersmit’. The company now uses its old name, Lagersmit, particularly because it has operate
Farmer Fights Offshore Wind Project to Keep His Land
Stephen Kirkwood, an East Yorkshire wheat producer, has filed a complaint against Able Marine Energy Park (AMEP) to the European Commission. The development of AMEP, which will be built to accommodate the deployment of large components for offshore wind farms in the North Sea and beyond, requires a
Basque Energy Agency Calls for Wave Energy Bids
Basque Energy Agency (Ente Vasco de la Energía; EVE) is looking to award a grant woth EUR 2.5 Mln for the development of a wave energy project, which will be designed and built to best suit the conditions off the Basque coast. The objective of the agency’s call is pre-commercial public procurement o
Van Oord Acquires Ballast Nedam Offshore Activities
Van Oord has reached agreement on the acquisition of the activities of Ballast Nedam Offshore. The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated EPCI staff (Engineering, Procurement, Contracting and Installation), heavy lift installation vessel Svanen and the Westermeer
Ecofys Assesses Risk of Dutch Offshore Wind
The Netherlands plan to increase their installed offshore wind capacity to 4,500 megawatts by 2023. With the related roll-out reaching round 3, one of the first tenders issued will be the 700 MW tender for the Borssele coast area. The Dutch grid operator TenneT has been designated to become the oper
Scottish Green Energy Awards to Be Held Today
Scottish Green Energy Awards 2014 will kick off today in Edinburgh. Scottish Renewables will open the doors to the biggest and best celebration of the renewable energy industry in Scotland in the impressive new wing of the EICC, Edinburgh. Scottish Renewables members, guests and friends from around
TC’s Energy, Seabased Inks EUR 43 Mln Wave Energy Deal
TC’s Energy today signed a contract with Swedish company Seabased for a 14MW wave energy farm in Ghanaian waters. The contract, which is pending approval by the Swedish agency EKN, is worth over EUR 43 million. The wave farm is the first step towards total targeted installed capacity of 1000MW. The
EMEC: Pelamis One of Icons of Marine Renewables
The directors of pioneering wave energy developer Pelamis have vowed to continue the fight to ensure the company’s success. Additional funding is required for further development of Pelamis’ wave energy technology. Without this, the board has reluctantly moved to appoint administrators to assess the
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
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
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
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.
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
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