Business & Finance
UK’s Southern Businesses Invited to Invest in Marine Renewable Energy
Businesses across the UK’s south coast are being called upon to develop innovative technologies which will provide renewable energy for the UK. More than 100 firms have been invited to an event today (Thursday 26 June) to identify new methods and opportunities for harnessing the power of the English
Blackbird International Taking Final Steps in Acquisition of Wave Energy Company
Blackbird International Corporation is in the final stages of the acquisition of SDE Ltd. It had previously released news that it had exchanged a Letter of Intent with SDE Ltd for purposes of a merger. Blackbird shall acquire 100% of the shares of the target company in exchange for restricted stock.
RenewableUK Publishes Manifesto ahead of UK’s 2015 General Election
RenewableUK, the trade body for the wind and marine energy industries, has issued its Manifesto ahead of the 2015 General Election in United Kingdom. The document, which lays out its policy asks from the next Government, was launched at the association’s annual Parliamentary Reception in Westminster
The Crown Estate: Investment in Scottish Offshore Renewables Rises
The 2014 Crown Estate Scotland Report, published today, shows a 13.6% increase on net capital investment to £5 million, with a significant proportion of overall investment over the year supporting Scotland’s emerging low-carbon energy industry. The total capital investment in Scotland over the last
Bonheur, Ganger Rolf Considering Bond Issuance
Bonheur ASA and Ganger Rolf ASA contemplate the issuance of new unsecured bonds in the Norwegian market. Bonheur ASA will be the issuer and Ganger Rolf ASA will be the guarantor under the contemplated bond issues. Net proceeds from the contemplated bond issues will be used for refinancing of existin
Nova Scotia’s Energy Minister Pays a Visit to Northern Ireland’s Tidal Turbine
Nova Scotia’s Minister of Energy and Minister of Communications, Andrew Younger today visited Siemens’ SeaGen tidal energy turbine at Strangford Lough, Northern Ireland. Siemens-owned Marine Current Turbines (MCT) is pushing ahead with even more ambitious innovation in Canada with the SeaGen-F float
Samsung Keeps Offshore Wind Activities
South Korean company Samsung Heavy Industries has denied recent reports that it is halting its offshore wind activities. Spokesperson said: “It is not true that we are pulling back from the offshore wind industry. “We will keep working to secure a high performance prototype and focus on developing n
SeaKing Electrical Partners with Zamacona Shipyard in Its Euro-Expansion
Merseyside marine firm SeaKing Electrical is spearheading an international export drive after signing a strategic partnership with a Spanish shipyard. The Birkenhead business, which has an £11million turnover, is globally renowned for its marine electrical engineering services. SeaKing Electrical ma
LEEDCo Turns to Private Funding
Despite not winning federal government grant, a Cleveland-based non-profit group which plans to build a wind farm in Lake Erie is keen on advancing with the project. Although Lake Erie Energy Development Corporation (LEEDCo) did not qualify for the USD 47 million grant, the Department of Energy (DOE
Cofely Fabricom GDF SUEZ Moves Its HQ to Europarc
Cofely Fabricom GDF SUEZ is marking its 40th anniversary by moving its headquarters to North East Lincolnshire’s flagship business park, Europarc. The company is bringing together its corporate and engineering operations under one roof to further enhance its service to clients, which include some of
UK’s Coastal Marine, Swedish TBS Yard Team Up to Build Wind Farm Vessel
Coastal Marine Eyemouth Ltd., UK and TBS Yard AB, Sweden have signed a Licence and Co-operation Agreement under which Coastal Marine will build the new CarbCAT® 25 in the United Kingdom for UK and other customers. The CarbCAT® 25 is a state-of-the-art wind farm support vessel built in carbon fibre f
TÜV SÜD PMSS Chairman Appointed to RenewableUK Board
Alan Chivers, Chairman of TÜV SÜD PMSS, the global renewable energy consulting firm, has been appointed to the RenewableUK board, the firm has announced. Alan Chivers has taken up his role on the board from June 2014, and will be responsible as HSE link in that position. With health and safety playi
Nautricity, Fundy Tidal to Develop Tidal Energy Project in Nova Scotia, Canada
Nautricity Ltd. and Fundy Tidal Inc. have signed an MoU to develop a 500kW tidal project in Nova Scotia, Canada’s Petit Passage. Nautricity is completing system testing of its CoRMaT and Hydro-buoy technologies at the European Marine Energy Centre (EMEC) off the Orkney Islands in Scotland. The proje
Iberdrola to Invest in UK’s Energy Security
Ignacio Galán, chairman of IBERDROLA and ScottishPower, today told the UK Energy and Climate Change Secretary Ed Davey in London that the company’s ambitious investment programme in the UK will help ensure security of energy supply and was optimistic on bringing its major offshore wind programme to