Business & Finance
SSE Responds to Ofgem’s Announcement
SSE believes that the energy market in Great Britain is competitive, has brought significant benefits for customers, and that much has been done in recent years to make it more transparent and easier to understand, ranging from greater liquidity in the wholesale electricity market to simplification
Alicat, South Boats IOW: UK Manufactured Content Key to Wind Energy Growth
Despite recent project development delays and regulatory uncertainty, the UK wind energy market continues to offer a significant opportunity to develop a world class manufacturing and supply chain base that can deliver competitive industry content in the future. However, with over 30,000 offshore wi
Ofgem Asks for Energy Market Investigation
Ofgem, the UK energy watchdog, today acted to remove uncertainty from the energy market by proposing a market investigation by the Competition and Markets Authority (CMA). A market investigation will once and for all clear the air and allow the CMA to ensure that there are no further barriers to eff
TMD Enters OW Industry, Seeks Composite Boat Builder in North East UK
The news by Siemens & ABP of a GBP 310 million investment in the offshore wind energy industry and the follow on effects for further investment in the offshore wind energy supply chain hit right at the heart of Trawlercat Marine Designs’ (TMD) first step into this industry, the company’s President a
Latest Offshore Wind Investment Puts City of Hull on the Map
Hull City Council has welcomed the announcement by Siemens Board confirming their intention to develop wind turbine production and installation facilities at at two locations – the Green Port Hull in Alexandra Dock and a rotor blade manufacturing facility located at Paull, to the east of Saltend. Le
WAB: Siemens’ Decision to Invest in UK Result of German Policy Uncertainty
German wind industry network (WAB) criticized the proposal presented by German Federal Minister for Economic Affairs and Energy Sigmar Gabriel to reform the Renewable Energy Act (EEG). The reaction was triggered by the recent decision of Siemens to build a blade factory and offshore services facilit
CTruk’s Business Grows with GROW:OffshoreWind
The rapid expansion of the sustainable energy sector is helping fuel the growth of CTruk, an Essex company, after it successfully tapped into GROW:OffshoreWind, a national support programme run in partnership with the Manufacturing Advisory Service (MAS). CTruk designs and builds a range of high-spe
Two European Banks Join Cape Wind and BTMU
Marking another major Cape Wind financing milestone, Cape Wind and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) today added Natixis and Rabobank to serve as the project’s Lead Arrangers, to work with BTMU to structure and arrange the syndication of the senior debt financing to additional lenders. T
Seaway Heavy Lifting Rents Rhenus Logistics Facilities in Rotterdam
Seaway Heavy Lifting signed a contract with Rhenus Logistics to rent warehouse facilities, open storage area and quay-side for 10 years. From 1st March 2014 Seaway Heavy Lifting has its own Offshore yard facilities at Rhenus Logistics on the Maasvlakte in Rotterdam. The yard provides close to 5,000
SSE Tones Down Its Commitment to Offshore Wind Projects
SSE has disclosed its intention to narrow significantly the focus of its near term development plans for its offshore wind projects. Following the conclusion of a strategic review of its offshore wind development portfolio, the company decided to focus its efforts and resources on progressing the Be
Mainstream CEO Congratulates Siemens
Dr. Eddie O’Connor, CEO Mainstream Renewable Power, has welcomed the announcement of Siemens’ investment of £160m with its port partner Associated British Ports (ABP) in a manufacturing facility at Hull on the Humber in the UK. ABP are investing £150m. Commenting on the announcement Dr O’Connor said
Sembmarine to Attend Lowestoft Conference
Sembmarine SLP Managing Director Paul Thomson has welcomed the Lowestoft Conference initiative, saying: “With over 350 employees, Sembmarine SLP is one of Lowestoft’s major employers and my colleagues and I are very pleased that we are going to have the opportunity to discuss priorities for the town
UK Ready to Lead the Way in Offshore Wind, GROW:OffshoreWind Says
Commenting on today’s news that Siemens and the ABP are to invest £310m in UK wind turbine factories, Head of GROW:OffshoreWind, Dominic Brown, said: “The announcement from Siemens and UK Associated British Ports this morning is a fantastic boost for our offshore wind sector and further evidence tha
David Cameron: Green Port Hull Investment Strengthens UK’s Economy
The Prime Minister is welcoming the decision by Siemens and Associated British Ports (ABP) today to invest £310 million in wind turbine production and installation facilities in Yorkshire. Providing a huge boost to the UK’s offshore wind industry and the local area, this investment will create up to