Glancy Binkow & Goldberg LLP, representing investors of Ocean Power Technologies, Inc., has filed a class action lawsuit in the United States District Court for the District of New Jersey on behalf of a class comprising all purchasers of Ocean Power Technologies securities between January 14, 2014 a
Electricity transmission operator TenneT welcomes the Dutch government’s decision to appoint TenneT as the operator of the offshore power grid in the Netherlands. TenneT CEO Mel Kroon commented: “TenneT is keen to contribute to the energy transition in the Netherlands by realizing a future-proof off
The East Anglia ONE project, which is the first in England and Wales to be approved from the Crown Estate’s Round Three Process, is expected to create hundreds of jobs and boost the region’s economy. It is anticipated that the development, the first of six potential projects in the East Anglia Zone,
Sembmarine SLP Limited has signed an Memorandum of Understanding (MOU) with the China Shipbuilding Corporation, Zhengzhou Institute of Mechanical and Electrical Engineering, with a view to cooperate and promote products and services for use in offshore construction projects, specifically in regard t
China’s National Energy Administration (NEA) has been working with the National Development and Reform Commission (NDRC) tariff department for months to determine the feed-in tariff for offshore wind, and the discussions between the two agencies are nearly finalised. It is said that inter-tidal proj
Export Development Canada (EDC) today announced financing of EUR 125 million for Toronto-based clean energy company Northland Power, the largest loan EDC has ever provided in the wind power sector. The financing will be used by Northland to purchase a 60 per cent ownership stake in Project Gemini, a
Barge Master has obtained ISO 9001 certification for the development and exploitation of its offshore motion compensation systems. Barge Master’s integrated QASHE system is in compliance with legal, industry, and Barge Master standards, for the quality part we recently received the ISO 9001 certific
Andrew Squire, Chief Executive of London Offshore Consultants (LOC) welcomed Captain Nick Haslam to the newly created Board position of Group Director, Shipping Services. “Nick’s crucial new global role will involve working closely with the four regional directors in developing shipping services wit
A new pier at Copland’s Dock in Stromness, ensuring that Orkney continues to play a central role in the growing marine renewables sector, has been officially opened by First Minister Alex Salmond. Following an increase in marine traffic at Stromness, Orkney Islands Council took the decision to incre
Mitsubishi Heavy Industries, Ltd (MHI) and Siemens AG have joined forces and provided a proposal for the French multinational conglomerate, Alstom. Pursuant to this, MHI and Siemens propose several transactions in order to preserve Alstom’s current perimeter in almost all its activities, enhance its
Henderson Insurance Brokers has set up a new marine division as the UK’s offshore wind, maritime and ports sectors continue to grow. Building on the company’s existing marine client base, the new division is already proving successful, winning new insurance work for offshore wind workboats, ports, t
Romax Technology, a specialist company in gearbox, bearing and driveline simulation and engineering, has officially opened the doors to its brand new £5.6m head-office at the University of Nottingham’s Innovation Park (UNIP). Marking its 25th anniversary in existence, the new, purpose built 3100m2 f
The leaders of energy and shipbuilding sectors from Basque presented at Global Offshore Wind 2014 under the name “Offshore Wind Energy – Basque Country”. Large players in above mentioned sectors from Basque are presenting their offer and services to companies, investors and media in a number of inte
Another Japanese engineering company, Hitachi, has expressed its interest in joining Siemens in a bid for the French company Alstom. Earlier this week Mitsubishi Heavy Industries announced that it had joined Siemens in evaluating a potential proposal for certain assets of the French multinational co
