Business & Finance
Lockheed Martin, Reignwood Group to Cooperate on OTEC Power Plant (USA)
Lockheed Martin and Reignwood Group have signed a contract to start design of a 10-megawatt Ocean Thermal Energy Conversion (OTEC) power plant, which, when complete, will be the largest OTEC project to date. Lockheed Martin is the industry leader in the development of OTEC technology, holding 19 rel
REpower to Rename Itself to Senvion (Germany)
REpower Systems SE, a wholly owned subsidiary of the Suzlon Group – the world’s fifth-largest manufacturer of wind turbines – will change its name in 2014: thereafter the company will be called Senvion. REpower has been using its name under licence since 2001. The rights belong to a Swiss company th
OPT Gets USD 2.6 Million for Wave Energy Device Development off Japan’s Coast
Ocean Power Technologies, Inc. (OPT) today announced that the Company has received a $2.6 million contract from Mitsui Engineering & Shipbuilding Co., Ltd. (MES) to provide the final design and supply of key components of a PowerBuoy system intended for deployment off the coast of Japan to demonstra
UK: Recent Graduate Climbs the Offshore Energy Ladder
Recent graduate Katie Musgrave is playing a leading role in a young company’s pioneering scour protection technology thanks to the direct support of her university. Katie became product engineer with Scour Prevention Systems only a month after graduating with distinction from her Masters in Energy E
UK: Energy Minister Announces GBP 7 Million for Offshore Renewable Energy
Businesses developing innovative solutions for wave, tidal and offshore wind technologies are to get extra help from the UK’s innovation agency, it was announced today. Speaking at the European Ocean Energy Conference in Edinburgh, Energy and Climate Change Minister Greg Barker revealed that up to £
Offshore Wind Meet the Buyer Event Brings Scottish Supply Chain Together
More than 100 Aberdeen Renewable Energy Group (AREG) members and Scottish businesses attended an innovative Offshore Wind Meet the Buyer event aimed at bringing together the Scottish supply chain and the firm behind the world’s first floating wind turbine. AREG, in partnership with Scottish Enterpri
EWEA: Clarity Needed in “Skewed” Energy Subsidies Debate
Attempts to compare subsidies for different energies in the UK are “apples to oranges” and muddle a skewed debate further, the CEO of the European Wind Energy Association (EWEA) said today. With the European Commission preparing guidance on public intervention in energy markets, EWEA is calling for
Vattenfall to Start Recruitment for New CEO (Sweden)
Vattenfall’s CEO, Oystein Loseth has informed the Board of Directors that he does not want to negotiate an extension of his fixed-term contract, which is due to expire in March 2015. The Board of Directors has now begun the process of finding a successor. Vattenfall’s CEO Øystein Løseth: “I have inf
Sweden: Vattenfall Releases Q3 Report
Vattenfall reports a stable underlying operating profit of nearly 21 billion SEK for the period January-September 2013. Cost-cuttings and price hedging have contributed to the result while higher costs for CO2 emission allowances have had a negative impact. Summary of the third quarter and the nine
UK: Mabey Bridge’s Renewables Business Grows
The new-in-post senior management team appointed by wind turbine tower manufacturer Mabey Bridge to oversee an expansion in the company’s renewables interests has hit the ground running – securing orders for more than 30 towers in just two months. Among the key contracts, won since the formation of
3sun Turnover Almost Triples Since 2010/2011
Great-Yarmouth based 3sun Group, a specialist provider of products and services to the global energy industry, has reported a turnover of £13.7 million for the financial year 2012/13. The company’s turnover increased almost three-fold from 2010/2011, going from £2.4million to £6.5million, and almost
GMS to Use Scottish Offshore Wind Advantages
Green Marine Solutions (GMS) has opened a new office at the Scottish Enterprise Inovo building in Glasgow, Scotland, as it strives to harness the benefits of the offshore wind industry, Herald Scotland reports. The company is headquartered in Newcastle-upon-Tyne, and the Glasgow base is now establis
Areva’s Offshore Wind Revenue Decreases (France)
Areva issued its results for the first nine months of 2013 yesterday, which show that its renewable energy business is facing revenue decrease. The company’s Renewable Energies Business Group ended the first nine months with a 26.6% decrease in revenue in comparison to the same period of 2012. The r
OWIM 2013 Main Focus: Bringing Offshore Wind Costs Down
The main focus of the OWIM Conference this year was cost reduction in offshore wind installation and maintenance, which would eventually lead toward cheaper electricity generated from offshore wind resources. Two sessions were held under the title Bringing Down LCOE (Levelised Cost of Energy), discu