Business & Finance
IRENA Holds Council Meeting on Actions to Scale-Up Global Renewables
The International Renewable Energy Agency (IRENA) gathered representatives from over 90 countries in Abu Dhabi to review and recommend actions to scale-up renewable energy around the world. The two-day meeting opened on the heels of the release of the latest report by the Intergovernmental Panel on
Linklaters Advises on 270MW Wind Farm Connection Funding
Linklaters advised a consortium of Transmission Investment LLP, Amber Infrastructure and International Public Partnerships (together, Transmission Capital Partners) in relation to the acquisition and financing by the European Investment Bank of the offshore transmission assets connecting the 270MW L
DNV GL, Grontmij Set TenneT as Regular Supplier for Dutch HV Grid
On 31 October 2014, a consortium of DNV GL and Grontmij signed a framework agreement with TenneT TSO for the provision of engineering services. Based on the framework agreement, the consortium and its partners Roos+Bijl and Joulz will support TenneT in the further development of the Dutch high-volta
EIB Lends GBP 168 Mln for Lincs Connection
The European Investment Bank (EIB) has agreed to provide GBP 168 million for a new connection between the Lincs offshore wind farm and the UK national transmission network. The approximately 100km connection, between high voltage transmission connections on the mainland and the 270MW Lincolnshire wi
First Ever Seawork Asia Exhibition Launched
Seawork Asia opened its doors to the public today. Over the past few days, exhibitors have been adding the final touches to their exhibition stands. With over 4000 visitors expected from China and around the world, excitement and anticipation is building for the first ever Seawork Asia event. Exhibi
Ofgem Grants Licence for Operating Lincs OWF’s Offshore Transmission System
Ofgem today granted Transmission Capital (TC) Lincs OFTO Limited a licence to own and operate the transmission link to the Lincs wind farm. Lincs is located eight kilometres off the coast of Skegness and comprises 75 turbines generating 270MW, which is enough to provide clean energy to 200,000 homes
Red7Marine Offshore Appoints Its First CEO
Company operating in the offshore energy sector, Red7Marine Offshore, has appointed its first chief executive. Martin Myhill Sisley joins the UK’s leading independent air diving provider as its new specialist vessel, Red7 Alliance, arrived at its Great Yarmouth base. The vessel – part of the company
Baltic 2 TPs Built and on Their Way to Bladt Industries
The order for AMBAU to manufacture 41 transition pieces (TPs) for Bladt Industries A/S to be used in the EnBW Baltic 2 wind farm came to an end on 16 October 2014 as the TPs were loaded for shipment. With a footprint of 13.5 metres, these TPs were the largest components ever to have left the facilit
South Korea to Install Tocardo’s Tidal Turbines
Tocardo Tidal Turbines, producer of tidal and free-flow water turbines, has reached an agreement with Ekornergy, the South Korean energy company, to install tidal turbines with a total capacity of 28MW. The units will be installed in the coastal waters of the Mokpo Jeonnam region. Manufacturing of t
Scottish Renewables to Next UK Government: Launch ‘Green Bond’
A ‘Green Bond’ which would allow savers to generate returns from the growth of the UK’s renewable energy sector should be launched by the next UK Government, the head of the sector’s trade body in Scotland has said. The plan was outlined today (Tuesday, November 4) at the launch of Scottish Renewabl
Mainstream’s Chairman Urges Companies to Shift to Clean Energy
Sir Roy Gardner, Chairman of the Mainstream Renewable Power’s Board of Directors, last night addressed delegates at the Sustainable Brands Conference in London. In his address he told delegates: “It’s a smart move to replace expensive dirty fuels with cheap clean energy. It’s good for business and g
Stonehenge Metals Completes Due Diligence for Acquisition of Protean Energy
Stonehenge Metals Ltd has successfully completed its due diligence in relation to the option agreement with Protean Energy Limited. The only completion pre-condition remaining is the execution of the formal transaction documents, which along with final completion, is expected to occur within the nex
Tidal Energy Company Launched in Wales
North Wales Tidal Energy & Coastal Protection, a company aiming to harness tidal energy along the North Wales coast, was launched at the end of last month. The newly opened company plans to work with local communities and explore tidal resources in the area to eventually set up tidal systems, which
International Conference on Ocean Energy to Be Held in Canada
Nova Scotia will have an opportunity to showcase the province’s marine renewable energy resources, skills and expertise to more than 650 delegates from 25 countries attending the International Conference on Ocean Energy from Nov. 4-6 in Halifax, Canada. The fifth, bi-annual event is being held outsi