Business & Finance
Stadtwerke München Looks to Acquire Sandbank OWF
German utility, Stadtwerke München GmbH, is planning to acquire a stake in Sandbank offshore wind farm located in the North Sea. The 288MW project is located in the German Bight area, around 90 kilometers west of the Island of Sylt, directly on the border between Germany and Denmark. Currently, the
Rix Sea Shuttle’s Health and Safety Record Awarded
Rix Sea Shuttle’s exemplary health and safety record has been recognised with a top accolade. The Hull business reported an incident-free 2013, netting it a Safety Performance Award from Humberside Occupational Health and Safety Group (HOHSG) for its record. HOHSG is part of national body the Royal
Prysmian Acquires All Draka Keila Cables Shares
Prysmian Group finalized the acquisition of the remaining 34% interest in AS Draka Keila Cables, thereby becoming the sole shareholder of this Estonian cable company, which joined the Group following the acquisition of Draka in 2011. The price of this acquisition amounts to €6.2 million and takes in
Siemens to Revolutionize Offshore Wind Turbine Service
Siemens has announced that, as of 2015, it will revolutionize the offshore wind turbine service with its new service operation vessels (SOVs). Equipped with state-of-the-art features and technology, the SOVs will bring the next generation of offshore wind service, which will be safer, faster, and mo
EU Funds Two Spanish Floating Offshore Wind Projects with EUR 67.4 Mln
The European Commission yesterday awarded €1 billion funding to 19 projects to fight climate change under the second call of the so-called NER 300 funding programme. The funding for the projects comes from revenues resulting from the sale of emission allowances in the EU Emissions Trading System. Th
First Minister of Wales: Crown Estate Announcement Is Great News
First Minister of Wales, Carwyn Jones, has welcomed an announcement by the Crown Estate, which supports the Welsh Government’s vision of developing a thriving marine renewable energy industry in Wales. The Crown Estate has announced the successful Third Party Managers of two areas of water off the W
L-3 SAM Electronics Announces Management Appointments
L-3 Marine Systems International (L-3 MSI) announced today the promotion of Armin Groth and Maik Stoevhase to managing directors of its L-3 SAM Electronics business. As managing directors, Mr. Groth and Mr. Stoevhase report to Ulrich Weinreuter, president of L-3 MSI. “Armin and Maik are strategic le
Aquatic Names New Regional General Manager
Aquatic Engineering & Construction Ltd, an Acteon company, has appointed Martin Charles as regional general manager, Europe, Middle East and Africa (EMEA). This appointment contributes to Aquatic’s business strategy for 2014 and its ambitious expansion programme, which will improve customer service
Swansea-Based Company Raises GBP 1 Mln for Wave Device Development
Marine Power Systems (MPS), a Swansea-based company that is developing revolutionary technology designed to capture the energy from ocean waves, has raised more than £1 million from a panel of local business angels and the Welsh Government. The company, co-founded by Swansea University graduates Dr
Siemens Takes Step Forward with Crown Estate’s Agreement
The Crown Estate, manager of the UK seabed, announced today that it has agreed seabed rights for new demonstration zones and project sites around the UK’s coast. The rights include six new wave and tidal current demonstration zones and five tidal current project sites each with the potential to deli
Tidal Blade Test Facility Cashes In GBP 1 Million
Tidal blade test facility at National Composites Centre was awarded £1 million as part of £86 million of new Government money awarded to the West of England LEP to boost economic growth and create jobs. Located in Bristol & Bath Science Park, it will be the first of its kind as the industry is insuf
Ocean Energy Europe Calls for New EU Renewable Energy Funding
Ocean Energy Europe has called for a new EU funding programme for technology demonstration following the NER300 programme, in a joint letter with Europe’s renewable energy associations to the Commissioner Connie Hedegaard. This follows the second and final round of NER300 awards today, in which ESB’
EU Renewables Targets Significantly Influencing UK Government’s Energy Policies, Says GlobalData
As the UK strives to meet its EU target of 15% renewable energy consumption by 2020, the government has taken several steps to reduce the country’s carbon emissions by 34% and 80% by 2020 and 2050, respectively, compared with 1990 levels, according to a report by research and consulting firm GlobalD
Scottish Renewables Hails Crown Estate’s Renewables Announcement
Scottish Renewables has welcomed an announcement by the Crown Estate that two new wave and tidal demonstration zones, and two new project sites, are set to be leased in Scottish waters. This announcement means that local organisations will be able to manage and sub-let parts of the seabed to wave an