Business & Finance
U.S. Navy Backs Washington University’s Wave, Tidal Energy R&D with USD 8 Mln
The U.S. Navy has committed to get half of its energy from renewable sources by the year 2020. One element of that strategy will be looking to extract energy from tides, currents and waves. The University of Washington is helping to reach that goal with an $8 million, four-year contract from the Nav
Dutch, Greeks Team Up on Floating Wind Energy
ASIFF BV, a subsidiary of brokering and consultancy company Costa Renewables The Netherlands BV (CRNL), and Greek owned ZEUS Development BV i.o. have joined forces in further developing and bringing to market of Zeus Development’s unique, under WIPO PCT patent-pending, UNFLOP (UNsinkable-stable unaf
‘Scotland: A Major Destination for Offshore Wind’ Report Available
Research and Markets has announced the addition of the “Scotland: A Major Destination for Offshore Wind” report to their offering. The Offshore Wind Industry Group has estimated Scotland’s offshore wind energy potential to be around 25% of the entire European offshore wind potential. This means that
Ocean Energy Europe: EU Leaders Lacking Industrial Leadership with Energy Framework
EU Heads of State have agreed upon a climate and energy framework, which fails to provide industrial leadership for Europe. The framework’s new targets for greenhouse gas emissions, renewable energy and energy efficiency will do little to capitalise on the security, employment and export potential o
Ofgem Sets Out Funding Plans for GBP 1 Bln Subsea Transmission Link
Ofgem has set out proposals to allow £1.1 billion funding for a new subsea link in the north of Scotland. The regulator’s proposal is £173.9 million less than the funding request from Scottish Hydro Electricity Transmission (SHE Transmission) to ensure consumers pay no more than necessary. The new l
EUR 7 Mln Available for Ocean Energy Innovation
The first OCEANERA-NET Joint Call 2014 for RTDI proposals is now open. The Joint Call is worth €7 million and is purposed for research and development of innovative solutions in wave energy, tidal energy, tidal and ocean currents, salinity gradient and ocean thermal energy conversion. The aim of OCE
False Pass Turns to Tidal Energy
In an effort to stabilize and reduce energy prices, False Pass is looking into harnessing tidal power, writes Alaska Public Media. A study that kicked off in 2012 found “only the best tidal current we’ve ever measured,” said the lead scientist Bruce Wright. According to Wright, this would enable the
Energinet.dk Requires Turntable for Subsea Cables
Energinet.dk is seeking a contractor for the design, construction, delivery and installation of a turntable for HV-submarine spare cables. The turntable is expected to have a load capability of up to 600 tons and a diameter of 12-14 meters. It must be possible to load and unload multiple cables (up
Guernsey Drafting Offshore Renewables Rules
The States of Guernsey have prepared draft secondary legislation (an Ordinance) for public consultation under the Renewable Energy (Guernsey) Law 2010. The aim of the Ordinance is to enable effective development of offshore renewables (such as offshore wind, tidal and wave energy) in Guernsey at the
Intervale Sells Proserv to Riverstone
Intervale Capital has signed a definitive agreement to sell Proserv Group Inc. to Riverstone Holdings LLC (“Riverstone”), an energy and power-focused private equity firm with over $27 billion of committed capital. As part of the transaction, Riverstone Global Energy and Power Fund V, L.P., in partne
Able Marine Energy Park Gets Go-Ahead
The Joint Parliamentary Committee yesterday cleared the way for the multi-million pound Able Marine Energy Park (AMEP) on the South Bank of the Humber, UK. Able UK’s Executive Chairman Peter Stephenson said that this is brilliant news for the company, region, the UK and the job opportunities that it
SSE Welcomes EU’s Energy Targets
At the European Council meeting in Brussels, the EU Heads of Government have agreed a landmark deal on climate and energy targets for 2030. The framework includes targets for greenhouse gas reduction, more renewable energy and increased energy efficiency, as well as a commitment for greater intercon
French Port Preparing for Offshore Wind Works
Nantes – Saint-Nazaire Port Authority (Grand Port Maritime (GPM) de Nantes Saint-Nazaire) is eyeing opportunities in the offshore wind industry, which is yet to come to France. The port authority is looking for contractors to carry out port civil engineering work, aiming to ensure the design and und
Ocean Energy Europe Criticises New Climate and Energy Framework
EU Heads of State today agreed upon a climate and energy framework, which fails to provide industrial leadership for Europe. The framework’s new targets for greenhouse gas emissions, renewable energy and energy efficiency will do little to capitalise on the security, employment and export potential