Business & Finance
EMEC to Build Subsea Tidal Monitoring Pod
The Scottish Government has awarded a share of the Marine Renewables Commercialisation Fund (MRCF) to the European Marine Energy Centre (EMEC) to support the further development of an integrated site characterisation and measurement platform for high energy marine environments. The support of the MR
Scottish, NI Ministers Commit to Wave and Tidal Development
At the biggest gathering of its kind in the world, RenewableUK’s wave and tidal energy conference, Ministers from Scotland and Northern Ireland have re-affirmed their commitment to developing the UK’s massive marine energy resources to their full potential – and there’s been a major announcement on
Sure Wind Receives Second Damen Twin Axe FCS (UK)
British company Sure Wind Marine Ltd. has taken delivery of its second Damen Twin Axe Fast Crew Supplier – the Sure Swift – in a little over a month after the first joined the company’s fleet. Established in 2009, Sure Wind is a specialist in the German offshore wind market and now has 10 dedicated
BLG Busy with Global Tech I OWF
While some companies in the offshore wind energy sector are experiencing economic problems, BLG Offshore Wind Energy Logistics still has a pretty good order book, said Ferdinand Möhring, the company’s CEO. Coastal vessels are transporting the rotor blades and rotor hubs from the manufacturing facili
Skills for Energy Releases Guide for Industry Apprentices
More young people are finding their way into work as apprentices and their path will be made easier by a new guide to be launched by Skills for Energy, part of the East of England Energy Group (EEEGR). It will help point the way for young men and women looking for careers in the booming […]
Palero Capital Buys Vattenfall’s German Engineering Business
Vattenfall has decided to sell Vattenfall Europe PowerConsult GmbH, (VPC, a leading engineering and laboratory services company with overall 535 employees) to the Private Equity Investor Palero capital GmbH. The parties have agreed not to disclose the transaction value. The transaction is expected t
Scotland Gives GBP 4.8 Mln to Marine Energy Projects
Scotland’s marine energy sector is to benefit from almost £5 million as the distribution of funding from two initiatives to be announced by Energy Minister Fergus Ewing during the RenewableUK Wave and Tidal Conference and Exhibition in Belfast today. Speaking ahead of the event, Mr Ewing said five m
SGS Wins Award for Butendiek OWF Services
On 20 February 2014 in London, SGS was awarded the Project Finance Magazine 2013 Europe Offshore Deal of the Year Award for work done on the Butendiek Offshore Wind Farm project. At the end of 2011, Marguerite Adviser S. A. approached SGS to perform technical due diligence services for the Butendiek
EMS Maritime Offshore Starts 2014 with Success
After a good and successful year 2013, the EMS Maritime Offshore (EMO) continued its story of success already in the first month of 2014. Beside long-term clients, the EMO also attracts new customers. The EMO finds success in the offshore wind market due to its high standards in quality and safety a
Northland Power Cashing In Its Shares for Gemini OW Project
Northland Power Inc. has decided to raise money for the investment in the Gemini offshore wind project by offering its shares to the public in Canada. The company announced yesterday that it has entered into an agreement with a syndicate of underwriters led by CIBC and BMO Capital Markets to issue t
DECC Grants GBP 500,000 for Tidal Power Plant in Northern Ireland
Marine energy technology company Minesto, together with IT Power and National Physical Laboratory (NPL), have been awarded more than £500,000 from the British Department of Energy and Climate Change (DECC) in the 2nd round of the Energy Entrepreneurs Fund. The funding will be used for extending the
Island of Yell to House First Community-Owned Tidal Power Plant
The Island of Yell, one of the North Isles of Shetland, Scotland could soon house the world’s first community-owned tidal energy generator, as the necessary components have arrived there and are waiting to be assembled. The installation of the 30kW tidal project, developed by the North Yell Developm
Dong Rating ‘Stable’
Fitch Ratings has revised DONG Energy A/S’s Outlook to Stable from Negative and affirmed its rating, BBB+, of DONG Energy. This follows the recently completed DKK13bn (EUR1.7bn) capital increase, which was the last element of the company’s 2013-14 Financial Action Plan. The combined investment of th
NABU: Violations in Offshore Wind Farm Approvals Revealed (Germany)
According to a legal opinion issued by NABU (Nature and Biodiversity Conservation Union), there were significant violations in the approval of several offshore wind farms in the German North Sea. Requirements of European environmental laws and critical opinion of the nature conservation authorities