Business & Finance
Neopolia Marine to Exhibit at Seawork
French marine construction and shipbuilding company, Neopolia Marine, will participate at this year’s Seawork to be held from 10th to 12th June in Southampton. Based in the center of the French Marine Renewables Industry, Neopolia Marine brings together over 45 businesses and their know-how. From in
Siemens’ Matthew Knight Elected to RenewableUK’s Board of Directors
Matthew Knight, Director of Strategy and Government Affairs for Siemens Energy, has been elected as a Director on the Board of RenewableUK. Mr. Knight has a background in grid projects and offshore wind farms. He is a Chartered Engineer, a member of the Institution of Engineering and Technology’s (I
USD 48 Tln Investment Needed by 2035, Says Report
Meeting the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released today by the International Energy Agency (IEA) as part of the World Energy Outlook series. Today’s annual investment in energy s
Belfast Harbour Hits Record in Tonnage Handled
A record financial performance during 2013 has enabled Belfast Harbour to commit more than £60m to capital expenditure projects. The Harbour’s Annual Report has revealed that Turnover rose by 30% to £50.3m whilst Profit before Taxation climbed by 42% to £26.2m during the financial year. During the p
Tidal Lagoon Power Joins Ocean Energy Europe
Tidal Lagoon Power has joined the Ocean Energy Europe association as its first tidal range member. “The tidal lagoons are an exciting technology with a lot of potential and we hope to see them create jobs, growth and low carbon energy across Europe in the coming years. The Swansea Bay tidal lagoon p
RES Offshore to Maintain ORE Catapult’s Blyth Met Mast
RES Offshore has signed an Operations and Maintenance (O&M) services contract with the Offshore Renewable Energy Catapult for the met mast installed approximately 3 nautical miles off Blyth and close to the location of the proposed nearest shore array of the Blyth Offshore Wind Demonstration Project
Atlantis Resources Making Progress
Singapore-based, tidal power specialist Atlantis Resources, has released its full year results for the 2013. The company showed significant progress after it joined AIM (London Stock Exchange) in February last year. Tim Cornelius, Chief Executive of Atlantis Resources Limited commented: “We have mad
Altra Industrial Motion Presents Its Tidal Turbine Brake Systems
The cost of energy generated by tidal power generation is, at this stage of device development, still more expensive than that offered by offshore and onshore wind, and solar arrays in sunnier climes; however, fossil fuels will not last forever and investment is still going into accessing tidal powe
GMS Works on Offshore Productivity During Winter Time
Winter may mean storms and battered coasts onshore. However, there are many opportunities for well-planned inspections, maintenance, training, essential documentation and certification to make life more productive offshore. Once offshore activity is put into a strategic framework, the dark months of
Siemens “Comfortable” with Alstom Bidding Process
Head of the German giant, Siemens, said they are “comfortable” with the Alstom bidding process so far. Speaking at the Bernstein Strategic Decision conference in New York last week, Siemens CEO, Joe Kaeser, said: “So far we’ve had everything we want, we wanted to have a look at it, which we got.” “N
Application for Offshore Wind Project off Texas Withdrawn
Baryonyx Corporation has withdrawn its permit application from the United States Army Corps of Engineers for an 18 MW Gulf Offshore Wind (GOWind) project off the coast of South Padre Island, Texas. Audubon Texas, an organization for conservation of natural ecosystems, focusing on birds and other wil
BMT Revenues Up 5 Pct
BMT Group Ltd (BMT), international design, engineering and risk management consultancy, has announced a solid financial performance for the year to 30 September 2013. Although market conditions have been challenging, BMT secured revenues of £163.3m, an increase of 5% year on year, with underlying op
Barrett Steel Invests GBP 1 Mln to Serve Offshore Wind Industry
Barrett Offshore Tubes, part of the Barrett Steel Group, has recently invested over £1m at its Scunthorpe site as part of the company’s commitment to the renewable energy market, particularly the offshore wind turbine industry. The investment, which has resulted in the creation of six jobs, includes
NEA Director and Danish Minister Meet in CNREC
Mr. Liu Qi, Deputy General Director of National Energy Administration of China (NEA) and Mr. Morgens Jensen, Trade and Development Minister of Denmark had a meeting in China National Renewable Energy Center (CNREC) on April 25, 2014. Mr. Liang Zhipeng, the Deputy Director of New Energy Department of