Blackbird International Corporation (BBRD) has signed a partnership agreement with ACEP, The Africa Center for Energy Policy, with the goal of installing a sea wave energy power plant to supplement the region’s energy needs. Blackbird International Corporation’s fully owned affiliate, Wave Electrici
A private equity arm of the Egyptian investment bank EFG Hermes has acquired a 49% stake in EDP Renewables France for EUR 160 million. EDP Renewables France is a subsidiary of EDPR (Energias de Portugal Renovaveis) and has a portfolio of 33 operational wind farms with a combined capacity of 334 MW t
Wind turbine technology has matured significantly, resulting in substantial reductions in LCOE and increased competitiveness of wind energy on the grid. Turbines have grown larger, more productive, cost effective and reliable due to technology investments. The next decade will bring further change,
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
K2 Management has announced that it is currently performing technical due diligence on four continents, as investors and developers want to be absolutely sure that their money is well spent before investing. Central Europe For a US-based developer, K2 Management is investigating three Central Europe
Research and Markets has announced the addition of the “Global Tidal Energy Market 2014-2018” report to their offering. The Global Tidal Energy market will grow at a compound annual growth rate (CAGR) of 24% over the period 2013-2018, the report says. Tidal energy is a form of hydropower generation,
Prysmian Group is launching the fourth edition of its international program to recruit 40 new graduates in Engineering and Economics, with the aim of helping develop the business’s managers and professionals of the future. The new recruits will be mainly placed in the Research & Development, Manufac
Resolute Marine Energy, Inc. (RME) recently completed the registration of its 100% owned subsidiary in the Republic of South Africa, Resolute Marine SA (Proprietary) Limited (RMESA). RME COO Olivier Ceberio commented: “We’ve been developing solid business relationships in South Africa for over 5 yea
On Friday night, Swedish company Seabased and Ghanaian TC Energy signed a contract for the development of a large wave power park in Ghana. Seabased CEO Billy Johansson and TC Energy’s Executive Chairman Anthony Opoku inked the first deal to install a first smaller plant that will be part of agreeme
A precision sheet metal specialist is exploiting the growth in offshore wind after it secured £8m of new contracts for two of the world’s largest manufacturing names. Mec Com, which employs 120 people at its Hixon base, has beat off international competition to deliver assembly and testing for Sieme
Swede Energy has signed an agreement with TC Energy Ltd in Ghana to jointly develop the largest wave power project in the world. The project is situated outside the coast of Ghana and will be built in blocks with a total targeted installed capacity of 1000MW. TC Energy Ltd is the holder of permits a
The Clean Energy Solutions Center, an initiative of the Clean Energy Ministerial, and the International Renewable Energy Agency have formalized a collaboration that will help accelerate the global deployment of renewable energy. The jointly-led Renewable Energy Policy Advice Network (REPAN) will lev
Electricity will increasingly power the world’s economies in the 21st century, rivalling oil as the dominant energy carrier, according to a new report by the International Energy Agency. Actively managing this transformation is the only way to meet global energy security and climate goals economical
GCube has launched a Political Risk Insurance (PRI) offering in response to a rising number of client enquiries regarding political and credit risks. As the international renewable energy sector expands and diversifies into new emerging markets, whilst continuing to feel the effects of a global rece
