Business & Finance
Northland Power Gets EUR 125 Mln from EDC to Buy 60 Pct Stake in Gemini OWF
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 Gets ISO 9001 Certification
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
London Offshore Consultants Appoints Group Director for Shipping Services
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
Orkney Opens New Pier to Back Marine Renewables Sector
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
Siemens, MHI Submit Offer for Alstom
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 Establishes New Marine Division Focused on Offshore Wind
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 Opens New HQ at University of Nottingham’s Innovation Park
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
Basque Companies Showcase at Global Offshore Wind 2014
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
Hitachi Joins Alstom Bid
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
DNV GL Celebrates Double Milestone
DNV GL, the world’s leading ship classification society and one of the world’s leading risk and sustainability service providers, is celebrating a double milestone: The Foundation DNV’s 150th anniversary and DNV GL’s first year as a merged company. “This year marks 150 years of proud past for the Fo
Shetland Tidal Array Gets GBP 3.7 Mln
Following the successful deployment of the world’s first community owned tidal turbine in Shetland, Nova Innovation (Scotland) and ELSA (Belgium) have secured funding to build the Shetland Tidal Array – potentially the world’s first in-sea tidal array. The £3.75M investment package supported by Scot
Windcomm to Hold Offshore Business Meetings and Conference
Windcomm will host an offshore event OBMC (Offshore Business Meetings and Conference) on July 3, 2014 in Rendsburg, where effects of the EEG amendment on offshore industry will be one of the most important topics. “The implementation of the Renewable Energy Sources Act (EEG) and the development of a
GlobalData Issues Updated ‘Wind Power in Germany, Market Outlook to 2025’
“Wind Power in Germany, Market Outlook to 2025, Update 2014 Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles” is the latest report from GlobalData. The report provides in-depth analysis on global renewable power market and global wind power m
Endeavour Wharf in Whitby Harbour in Preparation to Serve Dogger Bank OWF
Whitby Harbour Board has issued an early information about a tender for early planning of Endeavour Wharf reconstruction works in Whitby Harbour, which would be used to support Dogger Bank offshore wind farm development. This may include the construction of a berthing pontoon to be used as an embark