Business & Finance
GMS Comments on Current Offshore Wind Events
The welcome news that Siemens plans a £160 million expansion to manufacture turbines in East Yorkshire, plus the UK Green Investment Bank’s (GIB) investment in the Westermost Rough project off the Yorkshire coast, must be balanced against high costs and risks but low confidence levels that could sti
New Bedford to Prepare for Offshore Wind with USD 200,000
The U.S. Deputy Assistant Secretary of Commerce for Economic Development Matt Erskine has announced a $200,000 U.S. Economic Development Administration (EDA) grant to the New Bedford Economic Development Corporation, in New Bedford, Massachusetts. The grant will support the creation of an advanced p
Fishermen’s Energy Taking Its Offshore Wind Case to Court
The New Jersey Board of Public Utilities (BPU) has rejected Fishermen’s Energy’s appeal on the BPU’s decision to deny the construction of an offshore wind farm off the coast of Atlantic City. The company said that it will take the case to the court. “We are disappointed in this decision, but not sur
Wind Energy Production Up, Says DECC
The latest provisional monthly energy statistics produced by the Department of Energy and Climate Change were released today. According to the report, in the three months to February 2014, supply of coal, gas and nuclear power fell on the same period a year earlier, while the suply from wind, hydro
Four Companies Compete for Horns Rev 3 Construction
Danish Energy Agency (DEA) has received a total of four applications from companies that wish to prequalify for construction and operation of Horns Rev 3 offshore wind farm. The deadline for submission of applications expired yesterday at 1pm, and the Agency will now review the applications and expe
Cape Wind Loan Still under DOE’s Consideration
The federal loan guarantee for the Cape Wind offshore wind farm is still being contemplated by the U.S. Department of Energy (DOE), the Cape Cod Times writes. The U.S. Energy Secretary Ernest Moniz has confirmed that the case targeting a USD 500 million loan is “under active development”, but its ou
11 Irish Companies Establish Wave Energy Developers Association
The inaugural meeting of the Irish Wave Energy Developers Association (IWEDA) took place on 18 April,2014 at NUI Maynooth. The organisation is made up of 11 Irish companies who are all developing different Ocean Energy Technologies. The association’s aims are: To promote the establishment a viable O
K2 Management to Develop Global Offshore Wind Installation Database
The U.S. Energy Department’s National Renewable Energy Laboratory (NREL) has engaged K2 Management to build a global installation database for offshore wind. The objective is to provide NREL and thereby the US wind industry with easy accessible data on installation times, correlation effects, implic
Technip Records Strong Order Intake
On April 22, 2014, Technip’s Board of Directors approved the first quarter 2014 consolidated financial statements. These include the first time application of IFRS 10, 11 & 12. Financial statements throughout prior period have also been restated to conform to these new standards, as have the Group’s
Aqualis Signs Deal to Acquire Tristein
Following the memorandum of understanding to acquire Tristein AS, signed in February, and a financial, legal and operational due diligence, Aqualis ASA (Aqualis) and Tristein AS (Tristein) signed the definite share purchase agreement between Aqualis and the eight selling shareholders of Tristein yes
GE Signs Support Services Agreement with EDF
GE’s Power Conversion business has signed a framework agreement with EDF EN to provide support services for the converters used in EDF EN’s wind parks throughout Europe. The service contract will enable the staff of EDF EN Services, EDF Energies Nouvelles’ subsidiary dedicated to the operation and m
MacArtney Expands Its Offshore Services in Asian Markets
MacArtney Group is significantly growing its presence and activities in all Asian markets for underwater technology, driven by a major strategic expansion of its operations in Singapore. Over the next few months, MacArtney Singapore is securing several new staff members, implementing a major expansi
SSE: Secured Contract Provides Clarity, Enables Further Investment
SSE welcomed the UK government’s announcement today that the Beatrice offshore wind farm project has been successful in securing an Investment Contract. The security the contract provides means SSE and its partner Repsol can continue to invest in the the engineering and procurement work required to
New Wave & Tidal Market Report to Be Released
Transparency Market Research has introduced an upcoming report on wave and tidal market in its offering. The research report called ‘Wave & Tidal Energy Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast, 2013 – 2019′ analyzes this market depending on its market se