Business & Finance
CRMC Gives Thumbs Up to Block Island Project
Coastal Resources Management Council raised no objection to the Deepwater Wind’s wind energy project offshore Block Island, thus removing another hurdle in the realisation of this project, writes the Providence Journal. The council released a report listing 17 recommendations, including the one to p
Typhoon Sells Remaining 5 Pct Interest in Gemini Offshore Wind Farm
Typhoon Offshore B.V. (“Typhoon Offshore”) announced it has entered into agreements with Northland Power Inc. (“Northland”) regarding the sale of Typhoon Offshore’s remaining 5% interest in Gemini, the 600MW offshore wind project currently in advanced development. This will top up Northland’s majori
Humber LEP Backs Able Marine Energy Park with £14.9m
Humber LEP is celebrating fruitful cooperation with Able Marine Energy Park (AMEP) and North Lincolnshire Council to secure the project £14.9m from the Enterprise Zone Capital Grant Fund. The Humber was one of 12 Local Enterprise Partnerships to successfully bid for a slice of the £100m Enterprise Z
Spartan Fight Launched to Cut Offshore Wind Costs
Efforts to lower the cost of offshore wind energy have taken a step forward with the SPARTA (System Performance, Availability and Reliability Trend Analysis) project, which will create a database for sharing anonymised offshore wind farm performance and maintenance data. The project was launched tod
Wilhelmshaven Service Port Provides Ideal Conditions for Offshore Wind Industry
Participants of the Wind Working Group, which is a part of the Wilhelmshaven Port Management Association e.V. (Wilhelmshavener Hafenwirtschaft-Vereinigung; WHV), agreed at their fifth meeting that the Wilhelmshaven harbor’s inner port has optimal conditions to become a growing service port for the o
DONG Gets GBP 6 Mln for Suction Bucket Jacket
Through its Offshore Wind Accelerator programme (OWA ), the Carbon Trust has awarded DONG Energy GBP 6 million (DKK 54 million) to co-fund full scale demonstration of a new offshore wind turbine foundation called the Suction Bucket Jacket. If the demonstration is successful, it could be implemented
Atlantis Looks to Raise GBP 20 Million
Singaporean tidal energy firm, Atlantis Resources is looking to cash in GBP 20 million on the London stock exchange, writes Green Wise news site. This would raise the total value of the company to GBP 80 million. The company recently appointed John Neill CBE as Non-Executive Chairman, on which occas
HitecVision Acquires Reef Subsea
HitecVision has announced the acquisition of GC Rieber Shipping ASA (GCR) shares in Reef Subsea. Through this share purchase HitecVision secures 100% of the shares in the company and enables Reef Subsea to move forward with a strategy to develop Reef along two main business areas – dredging and exca
Global Tech I Extends Contract for Brave Tern
Fred. Olsen Windcarrier International Ltd. has been awarded an extended contract with the German company Global Tech I Offshore Wind GmbH for the work that will be performed using the jack-up vessel Brave Tern. The contract is a direct continuation of the current work on the German North Sea project
Carnegie Shortlists Four Sites for CETO 6 Wave Project
Carnegie Wave Energy Limited (CWE) has shortlisted four sites for its CETO 6 project that will follow the Perth Wave Energy Project. The company announced that two possible sites have been identified in Australia and two more internationally: one in France and one in the UK. Carnegie is now in discu
Investment Gap Could Affect Scottish Offshore Wind Industry
The Scottish offshore wind industry could be threatened by an investment gap after major developers have more than halved their spending in Scotland. Scottish Renewables, which represents more than 330 companies working in the renewable energy sector, obtained figures from offshore wind developers w
Inovo Building Officially Opens in Glasgow
Scottish Enterprise’s new £10 million industry engagement building, called inovo, based at the heart of Glasgow’s International Technology and Renewable Energy Zone (ITREZ), has been officially opened today, 27 January 2014, bringing new jobs and investment opportunities to Scotland. Built to suppor
RES Offshore Appoints New Wave & Tidal Project Development Manager
RES Offshore, providers of end-to-end development, engineering, construction and O&M support for wave and tidal projects, has announced the appointment of well known industry figure, Dr Douglas Watson, to the post of Project Development Manager for Wave and Tidal. Ray Hunter, Marine Energies Manager
OPT Receives USD 1.75 Mln through NJ’s Business Tax Certificate Transfer Program
Ocean Power Technologies, Inc. (OPT) today announced that it recently received approximately $1.75 million through the State of New Jersey’s Business Tax Certificate Transfer Program. The Program enables companies to raise cash to finance their growth and operations and is administered by the New Je