Business & Finance
Siemens’ Offshore Wind Hub to Impact Neighbouring Places
The Mayor of Hedon, Councillor John Dennis, has warned that the manufacturing facilities in Hull, planned by Siemens, could have a negative impact on the countryside. Mr. Dennis has pointed out that he is not against the project itself, but that its impact in terms of emissions, noise and industrial
SEA CHALLENGER Joins A2SEA’s Fleet
COSCO shipyard has delivered the wind turbine installation vessel SEA CHALLENGER to A2SEA. SEA CHALLENGER’s first assignment is scheduled for the summer, when it will start working on the Westermost Rough offshore wind farm. A2SEA’s new vessel is almost identical to SEA INSTALLER. The new wind turbi
Japanese SoftBank to Fund Ibaraki OWF
SB Energy Corp., a subsidiary of Japanese SoftBank Corp. focused on renewable energy development, intends to invest in an offshore wind farm to be built off the Ibaraki prefecture, Japan. The wind farm is being developed by Japanese wind energy company Wind Power Energy Co., which proposes an initia
ABP: UK Parliament’s Decision Paves the Way for Compromise
Associated British Ports (ABP) has commented on the UK Parliament’s decision to review plans for Able Marine Energy Park (AMEP). “ABP are pleased with today’s decision that it is right for Parliament to review Able UK’s plans for AMEP. “We also welcome the view expressed by the committee chairman at
UK Parliament Reviews AMEP Plans
The UK Parliament will review plans for the proposed Able Marine Energy Park (AMEP) in Humberside. On March 7, Able Humber Ports Limited, deposited two memorials against the two petitions received from Associated British Ports. The Chairman of Committees in the House of Lords and the Chairman of Way
OPT Plans to Raise Funds for Future Operations
Ocean Power Technologies, Inc. (OPT) intends to offer shares of its common stock in an underwritten public offering which will be subject to market and other conditions. Roth Capital Partners is acting as the sole manager for the offering. OPT will use raised funds for capital expenditures, and gene
MOCE2014 Reflects the Popularity of the Maritime and Offshore Industry
Yesterday, 2 April, the eighth edition of the Navingo Maritime & Offshore Career Event (MOCE) took place at the Beurs-WTC building in Rotterdam. The event, aimed at career within the maritime and offshore industry, welcomed 4449 visitors. The 131 exhibitors spoke highly of the event itself as well a
DP Energy Acquires SSE’s Tidal Energy Project
Cork based DP Energy is set to become Europe’s largest independent developer of tidal stream projects following SSE Renewables’ transfer of an Agreement for Lease (AfL) with The Crown Estate. The transfer will see DP Energy take on the development of the Westray South project in Orkney, Scotland, wi
DELTA to Buy Electricity from Gemini Offshore Wind Farm
Gemini announced today that it has signed an off-take balance and services agreement with DELTA, an energy company based in the province of Zeeland, which as a result, will soon be the biggest supplier of Dutch wind energy. DELTA will purchase green electricity from Gemini, the biggest offshore wind
Scottish Wave and Tidal Industry to Get GBP 6 Mln
The marine energy sector is to benefit from £6 million in funding to further develop testing of new wave and tidal energy prototypes in the seas around Scotland. Scottish Enterprise is launching the third round of the remaining competitive funding from the initial WATERS fund in collaboration with H
Germany Backs Down from Severe Energy Support Cuts
Previous plans for the reform of the German Renewable Energy Act (EEG), involving cuts of wind energy subsidies and reduction of wind energy development, have been altered. After a number of German states complained on the initial plans, German Chancellor Angela Merkel met with the country’s 16 stat
China Could Set OW Prices
According to the China Securities Journal, China could set preferential power prices for offshore wind projects this year. With this measure, the country would attract more investors to this industry and speed up its further development. After years of struggle, China granted approval for the three
OW Drives Clean Energy Investments in UK
Clean energy investment in the United Kingdom grew by 13 percent to $12.4 billion, in 2013, according to research released today by The Pew Charitable Trusts. The U.K. wind sector, which increased by nearly 50 percent to $5.9 billion on the strength of offshore projects and expanded activity in publ
ABB Releases Statement on EC’s Decision
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