Business & Finance
Carnegie Completes Pipeline Work on Desalination Pilot Plant
Carnegie Wave Energy Limited has received a quarterly grant payment of $143,436 as part of a $1.27m AusIndustry grant that supports the design, construction and operation of a CETO wave powered desalination pilot plant, part of the Perth Wave Energy Project. This is the fifth quarterly payment recei
SgurrControl Launches Offshore Wind Reliability Project
Glasgow-based control engineering company, SgurrControl, has this week kicked off an offshore wind reliability project, supported by a £667k grant under the Department for Energy and Climate Change’s (DECC) Offshore Wind Components Technology Scheme. SgurrControl, part of the renewable energy consul
Gibraltar Signs Wave Energy Deal
H.M. Government of Gibraltar has this week signed its first power purchase agreement for the provision of renewable energy. The agreement with Eco Wave Power is for the provision of an initial 0.5MW energy device on the eastside, with a view to further expansion up to a full 5MW plant if the project
Welsh Marine Energy Project Gets GBP 1 Mln from EU
An EU scheme pioneering collaborative research projects in marine science between business and universities has been given a £1m EU boost, Welsh Finance Minister Jane Hutt has announced. Bangor University’s £23.6m SEACAMS project, delivered in partnership with Aberystwyth and Swansea Universities, i
WWF: EU Should Not Sell Off Energy Security to Indulge Fossil Fuels Supporters
On 12 June, EU Environment Ministers will meet in Luxembourg, followed by Energy Ministers on 13 June, to debate on two burning and linked issues ahead of the June European Council later this month: the EU’s energy dependence on Russia and an EU climate and energy framework for 2030 to be agreed in
Port of Tyne to Utilize Its Existing Assets for Renewable Energy
In 2013, the Port of Tyne saw cargo volumes increase by 25% to 8.1m tonnes, and turnover rose 16% to £73 million compared to 2012. Andrew Moffat, Port of Tyne Chief Executive Officer, said that 2013 had been another record year, and looking back over five years, the Port had achieved substantial gro
Siemens Introduces MHI to Alstom Bid
Mitsubishi Heavy Industries (MHI) and Siemens AG announced that they have joined forces in evaluating a potential proposal for certain assets of the French multinational conglomerate, Alstom in order to strengthen the future position of Alstom, MHI and Siemens. MHI and Siemens will decide on the sub
Ireland’s Clean Energy Sector to Be Worth €2.5 Bln Annually by 2020
The Sustainable Energy Authority of Ireland (SEAI) called on businesses to avail of enterprise opportunities in Ireland’s sustainable energy sector with a projected value of €2.5 billion per annum by 2020. This is according to a new report launched by the Authority at an event in Dublin today. The r
UK Details on OW Compensation for Oil and Gas Discovery
The UK Energy Minister Michael Fallon and the Scottish Energy Minister Fergus Ewing have given strong backing to the UK’s fast growing offshore wind industry at a major conference, with announcements designed to encourage the UK supply chain in offshore wind and remove important areas of uncertainty
Future of UK’s Offshore Wind Supply Chain under Revision
During his speech at Global Offshore Wind 2014, UK Energy Minister Michael Fallon disclosed that he recently initiated a review of the future of the UK offshore wind supply chain. The review will help find out what more can the industry and government do to support offshore wind development. Ministe
Offshore Wind to Meet 10 Pct of UK Electricity Demand by 2020
The Crown Estate has published two reports at this year’s Global Offshore Wind conference, painting a picture of an industry maturing and on course to double its capacity by 2020 to 10 GW or more – around 10 per cent of the UK’s electricity demand. ‘Offshore wind operational report 2014‘ highlights
CWind Enters Boat-Share Deal with Three Ex-Royal Marines
CWind’s successful boat share scheme has to date attracted investment from different groups within the maritime community, with commercial fishermen and superyacht skippers among current partners. Now, a group of three ex-Royal Marines is set to invest, in partnership with CWind, in the next generat
Gray Fabrication to Manufacture 64m Floating Hull for Scotrenewables’ Tidal Turbine
Scotrenewables Tidal Power, the developer of floating tidal turbines based in Orkney (in Scotland), has awarded a key fabrication contract for the superstructure of the SR2000 tidal turbine to Gray Fabrication based in Cupar, Fife. The 2MW turbine, the SR2000, will be the culmination of more than 12
OPT’s CEO Removed from Company
Ocean Power Technologies, Inc. (OPT) has terminated Charles F. Dunleavy as Chief Executive Officer and as an employee of the Company, effective June 9, 2014. Mr.Dunleavy has also been removed from his position as Chairman of the Board of Directors. David L. Keller, who has served as a Non-Executive