Business & Finance
Hawaii Wave Energy Test Site Gets USD 9 Million
Work at the Wave Energy Test Site (WETS) located off Marine Corps Base Hawaii at Kāneʻohe has received an infusion of $9 million from the U.S. Navy. The funds, from the Naval Facilities Engineering Command (NAVFAC), are directed to the Applied Research Laboratory at the University of Hawai‘i (ARL/UH
Ocean Thermal’s Securities Listed on GXG Markets
Ocean Thermal Energy Corporation announced that its securities have been admitted to trade on the GXG Markets First Quote platform with the symbol OTEC. GXG Markets runs an SME dedicated exchange that operates a European Regulated Market, as well as two junior markets regulated under GXG Markets’ Mu
Wirral Could Cash In £250K Yearly from Wind Farm Expansion
Proposed expansion of a Liverpool Bay offshore wind farm could trigger the setting up of an annual £250,000 community fund as well as investment and new jobs in Wirral’s energy sector. Dong Energy, one of Europe’s leading energy groups, has submitted proposals to expand its existing Burbo Bank wind
James Fisher Launches Renewable and Marine Base in Grimsby
JFMS, part of James Fisher and Sons plc, today announces the launch of an operational base, in Port of Grimsby East, to support construction and O&M activities within the growing offshore wind sector. Port of Grimsby East was chosen due to the significant investment made in the area in recent years
Hexicon Cashes in EUR 1.23 Mln
Hexicon Ltd has successfully completed a rights issue of 11.4 MSEK (EUR 1.23 million) to secure the development of Hexicon’s innovation for offshore wind at deep waters. The rights issue allows a faster and more robust implementation of the new strategy to develop floating platforms for offshore win
GIB Expands Offshore Wind Team
The UK Green Investment Bank (GIB) has today announced two new senior appointments. Nick Gardiner will take on the role of Managing Director, Offshore Wind and Karl Smith will take on the role of Fund Managing Director. Gardiner will lead GIB’s offshore wind direct investment team. Since its launch
Offshore Second Cheapest after Onshore Wind, Says DEA
Danish Energy Association (DEA) has investigated what it costs to set up different types of plants for electricity generation. According to the research, electricity generated by onshore wind turbines is the cheapest with just over 30 ører (4 cents) per kWh. Offshore wind power, new centralised coal
TenneT Refinances Credit Facilities
TenneT Holding B.V. refinanced its existing EUR 1,125 million and EUR 500 million revolving credit facilities with a single facility of EUR 2 billion. The pricing of the facility, which can be used for general corporate purposes, was decreased and the maturity date was extended to July 2019 with two
NaiKun Issues Shares for Its Employees
NaiKun Wind Energy Group Inc. announced the quarterly issuance of shares to the company’s directors and CEO. Effective April 1, 2010, as stated in the Company’s news release of May 20, 2010, compensation to members of the Board was reduced by 50%. As part of the reduced Board compensation it was als
Delta Lloyd Insures Gemini Offshore Wind Farm
Dutch-based Delta Lloyd is one of the insurance companies that will insure the construction and the first three years of operation of the Gemini offshore wind farm in the Dutch part of the North Sea. The Gemini wind farm is one of the largest offshore wind farms to be constructed. It is expected to
TÜV SÜD to Present Its Entire Service Range at WindEnergy Hamburg 2014
At WindEnergy Hamburg 2014, TÜV SÜD will showcase its complete suite of services for the offshore and onshore wind energy industry. The international technical services company supports designers, suppliers, manufacturers and owners by providing testing, certification and inspection services (Hall A
The Netherlands: Navingo Announces Offshore Energy 2015
Next year’s Offshore Energy Exhibition & Conference will be held on 13 & 14 October 2015. Save the date and join tens of thousands international professionals again at the meeting place for the offshore industry in Amsterdam. Offshore Energy is an annual event focused on the complete offshore energy
Dong Energy Sells Half of Gode Wind 2 to Danes
Today, DONG Energy signed an agreement to sell 50 per cent of the 252 MW German offshore wind farm project Gode Wind 2 to a consortium of Danish pension funds (PKA, Industriens Pension, Lærernes Pension and Lægernes Pensionskasse) that will make 840,000 pension savers co-owners of the wind farm. The
China Lagging in Offshore Wind Industry
China is lagging behind its plans to build 5 GW of offshore wind power by 2015. Having only 10 per cent of that capacity realised, China is three years behind its schedule, according to Bloomberg. In 2011, the Chinese government set the 5GW goal for the next four years which would secure enough clea