Joe Toland, who proposed a tidal lagoon project in the Bristol Channel, plans to prove the viability of its massive energy project by simulating a shipwreck off Cornwall. “My goal is tidal technology and by developing this artificial ship project using 21st century materials and technology it will r
Italian cable specialist Prysmian released its figures for the first half of 2014. Sales amounted to €3,287 million compared with €3,504 million in the first half of 2013, posting organic growth of +1.3%, assuming the same group perimeter and excluding metal price and exchange rate effects. “The res
Research and Markets has added the “HVDC Converter Station Market by Type, by Technology, by Application and by Geography – Global Trends & Forecasts to 2019” report to their offering. The rapid increase in offshore wind farms and increasing demand for efficient power transmission are some of the dr
From 23-26 September 2014, WindEnergy Hamburg – the global trade show for the wind power sector – will take place for the first time. Across 65,000 square meters of exhibition floor space, more than 1,000 planners, manufacturers, suppliers, financers, operators, energy providers, and service provide
French energy company, Areva, was hit by the loss of EUR 373 million from discontinued renewables activities. It comes as a result of provisions for losses at completion on wind, including offshore, and solar contracts. Chief Executive Officer Luc Oursel said: “The group continues to restructure its
In the first half of 2014, the EnBW Group achieved an operating result (adjusted EBITDA) of 1,271.5 million euros with 19,926 employees and almost unchanged revenue of around 10.4 billion euros. Earnings were 9.9 per cent below the figure for the first half of 2013. The operating result is thus deve
High-voltage transmission grid operator TenneT continued to provide very high system reliability (99.9999%), benefiting 36 million end-users in the Netherlands and Germany. Financial results in the first half of 2014 were solid. Increases in revenue and EBIT kept pace with the company’s ongoing inve
An innovative new vessel designed to cope with the most challenging conditions for crews servicing off-shore windfarms has been developed in West Cumbria with the support of an “Investing in Business” grant from Britain’s Energy Coast (BEC). The £90,000 grant has been awarded to Workington-based com
French Electricity Transmission Network (RTE) is inviting tenders for safety consultancy services. Namely, RTE is seeking a contractor to coordinate health and safety protection during the cable laying in waters off French coast. Covered by this tender are four offshore wind projects awarded during
RenewableUK says Government statistics released today show that onshore and offshore wind energy is playing the central role in the country’s successful transition from fossil fuels to clean renewables. In its annual Digest of UK Energy Statistics, the Department of Energy and Climate Change says el
Centrica reported a profit drop of 31% to GBP 530 million for the first half of 2014 mostly due to loss of GBP 70 million in its gas-fired division. Mild weather in the UK and the Polar Vortex in North America also contributed to this result. Revenues rose 15% to GBP 15.7 billion while operating [&h
In the third quarter of fiscal 2014, Siemens posted strong results in most areas, which were affected by challenges in the Energy Sector. Net income rose to €1.4 billion, from €1.1 billion in the prior-year-period. Corresponding earnings per share increased to €1.62 year-over-year from €1.27. Total
Australian wave energy developer, Carnegie, released its results for quarter ended on 30th June 2014. During the quarter Carnegie Wave Energy Limited focused primarily on its Perth Wave Energy Project (the Perth Project) with the CETO unit assembly and test phase, delivery of the desalination plant
Mammoet Europe B.V., based in Schiedam, The Netherlands, has expressed its intention to sell the largest part of its maritime fleet to the Dutch company Hebo Maritiemservice B.V. This decision was made after review of Mammoet’s company portfolio. As Mammoet increases its focus on offshore activities
