ABB confirmed yesterday that it has been named in a European Commission ruling on anti-competitive practices in the power cable industry. ABB’s fine was waived because the company received full immunity for voluntarily disclosing these practices to the European Commission. The information provided b
A consortium led by GDF SUEZ, including EDP Renewables, Neoen Marine, and AREVA, has been recommended to the French government as a preferred developer of two French offshore wind farms, according to the country’s media. The Regulatory Commission of Energy (CRE), an independent administrative body i
A wave energy park proposed to be developed off the coast of Reedsport, Oregon, has been cancelled due to financial issues. Ocean Power Technologies (OPT) and the U.S. Department of Energy (DOE) agreed in principle on March 28, 2014 to proceed with a termination by mutual agreement of the company’s
The European Commission has found that 11 producers of underground and submarine high voltage power cables operated a cartel, and has imposed fines totalling €301,639,000. Such cables are typically used to connect generation capacity to the electricity grid or to interconnect power grids in differen
Victorian Wave Partners Pty. Ltd. (“VWP”), received approximately A$5.0 million in initial grant funding from the Australian Renewable Energy Agency (“ARENA”). VWP is a project-specific entity wholly-owned by Ocean Power Technologies (Australasia) Pty. Ltd. (OPTA), which is 88% owned by OPT. The fun
SeaEnergy PLC today announced its unaudited preliminary results for the year ended 31 December 2013. Operational highlights: – Continuing R2S growth and internationalisation; Houston office opened. – R2S vendor earn-out target exceeded and consideration capped at the maximum level of £4.6 million, t
NorSea Group has acquired the Danish base and logistics company Danbor AS. In addition to enhancing the global presence of NorSea Group, Danbor will significantly boost the company’s capability in the wind power market. “International expansion is part of NorSea Group’s expressed strategy. Danbor is
Effective from 7th March 2014, DORIS Engineering has purchased the 50% interest in Offshore Design Engineering Ltd (ODE), previously held by Saipem, with ODE now being fully owned by DORIS. ODE, a UK engineering consultancy and design contractor in the upstream oil and gas sector and offshore renewa
Energinet.dk has signed contracts with ABB and Prysmian for the supply of 220kV high-voltage cables to transport power from the Horns Rev3 offshore wind farm in the North Sea into the Danish electricity grid. ABB will supply the33 km long submarine cable for the connection of the wind turbines to th
Rahul Goyal and Cassandra Mathews of KordaMentha Restructuring have been appointed Receivers and Managers of the wave energy development company, Oceanlinx. This appointment followed the appointment of David Ross and Brent Kijurina of Hall Chadwick as Administrators of the company. The Sydney-based
Recent economic study into the cost profile of power from tidal lagoons has found that a portfolio of three UK tidal lagoons, in operation by 2021, would deliver large-scale low carbon power at a significantly cheaper price than offshore wind. Energy economists at Pӧyry, a management consultancy, id
Less than 15 months after setting up in the Canary Islands, Langlee has signed agreements with clients, local government, and technology partners. Industrial partners and investors are now invited to participate in the commercialisation phase. Canary Islands Regional Minister of Employment, Industry
Following the approval from all relevant authorities, MHI Vestas Offshore Wind has been formally established as of 1 April 2014. The joint venture is responsible for the design, further development, procurement, manufacturing, installation, commissioning and service related to the V164-8.0 MW turbin
Slaughter and May advised DONG Energy on its proposed disposal of a 50% interest in the 210MW Westermost Rough offshore wind farm to a joint venture established between Marubeni Corporation and UK Green Investment Bank plc. The law firm also advised the energy company on the terms of certain related
