Business & Finance
Bonheur Group’s Offshore Wind Division Makes Money
Bonheur ASA, Norwegian holding company that operates in the offshore wind sector, among other activities, today released its financial results for the second quarter. The Group of companies’ overall 2Q operating revenues were NOK 2 771 million, higher that in the same period of 2013 (NOK 2 607 milli
Scottish Wave, Tidal Research Project Gets GBP 1 Mln
Funding of more than £1 million has been awarded to a Scottish-based project that will help to determine the limits to tidal and wave energy extraction before potential environmental and ecological impacts occur. The three year EcoWatt2050 project, is coordinated by the Marine Alliance for Science a
E.ON: Rampion OWF to Boost Port Regeneration at Newhaven
E.ON has today received consent from the UK Secretary of State for Energy and Climate Change, the Rt Hon Ed Davey MP, for its Rampion Offshore Wind Farm development. This decision means Rampion is set to become the first offshore wind farm off the south coast of England. Consent has been given for a
EDF Supports Unique Redcar Coastwatch Scheme
EDF Energy Renewables is supporting a unique Redcar community scheme to continue to monitor activities along the coast. Launched in 1996, Coastwatch Redcar trains volunteers to assist the HM Coastguard and search and rescue services in the event of an emergency or unusual incident at sea. The team i
Improved Technology, Policy to Boost Ming Yang’s Turnover
Chinese wind turbine manufacturer, Ming Yang, has found a way to return its profit through investment in research and development and improvement of its technology. The company faced annual loss for the last two years, but Ming Yang is now convinced that its luck will change, especially with the Gov
Tidal Lagoon Power Could Contribute GBP 27 Mln to UK Economy
A macroeconomic impacts study has found that a national fleet of six tidal lagoon power plants would contribute £27 billion to UK GDP over the investment period 2015-2027. Since many of the components can be sourced within the UK, tidal lagoon infrastructure investment offers one of the best returns
Quonset Business Park to Become Cape Wind’s Stage
The Board of Directors of the Quonset Development Corporation (QDC) yesterday awarded a lease option of nearly 14 acres at Quonset Business Park to Cape Wind Associates LLC, which will provide the company with a twelve month option-to-lease the land for one year, with the ability to extend for two a
Atlantis Reaches Agreement with MeyGen Suppliers
Atlantis, tidal energy equipment supplier, announces that agreement has now been reached on final pricing and terms with each of the following contractors to the project in readiness for execution of all contracts for the construction of Phase 1A of the MeyGen, world’s largest planned tidal current
NaiKun’s Director Buys 10 Mln of Company’s Shares
NaiKun Wind Energy Group Inc. has closed the sale of 10,000,000 shares to Joseph Houssian, the Company’s Director. The 10,000,000 units were issued at a price of $0.07 per unit for gross proceeds of $700,000 with each unit consisting of one common share of the Company and 0.75 common share purchase
Lobbying for Free Wind Farm Passage in Netherlands
In an effort to adjust the current wind farm regulations regarding the navigation of small vessels, a meeting took place in early July at Rijkswaterstaat with all stakeholders. Among others, the stakeholders included energy companies and representatives of various user groups. Conditions under which
Gemini Deal Helps Boost Q2 Clean Energy Investments
Global clean energy investment surged to $63.6bn in the second quarter of 2014, up 33% compared to the first quarter and 9% compared to Q2 2013, according to the latest authoritative figures from research company Bloomberg New Energy Finance. Q2 2014 was the strongest quarter for investment since Q2
Danes Sign New Energy Policy, Put Off Kriegers Flak Construction
The Danish Government announced yesterday that the Growth Plan 2014 agreement in the energy sector had been adopted, as the majority of the parliamentary parties agreed on it. The agreement cuts Public Service Obligation (PSO) in total of DKK 13.2 billion until 2020, which will reduce costs of elect
Carbon Trust Awards GBP 400k to Commercialise 66kV OW Cables
Following an international competition the Carbon Trust’s Offshore Wind Accelerator (OWA) has awarded contracts to three cable manufacturers to help commercialise the development of 66kV offshore wind farm intra-array cables. It is providing funding of £400k (£133k to each cable manufacturer) to acc
OPT Terminates Wave Energy Project in Australia
USA company, Ocean Power Technologies (OPT), announced it is terminating its plans to develop a wave energy project in Australia, writes Bloomberg. OPT, a developer of wave energy generators, stated that the project off the coast of Victoria near the city of Portland, developed by its unit Victorian