ING Commercial Banking (ING CB) is shifting its European focus from financing natural gas plants to financing renewable energy projects, reports Business Recorder. The main reason for this shift to offshore and onshore wind and solar power is the increased development of renewable energy projects in
Siemens will establish its new projects and construction base in Livingston, and the company is now recruiting to fill 30 working positions at the new base, Herald Scotland informs. The expansion of Siemens’ operations in Scotland will support a 100 more jobs elsewhere, most of them in Scotland and
Speaking on the consent given the first tidal energy project in the Pentland Firth, the Energy Minister Fergus Ewing announced that leading Scottish wave developers Aquamarine Power Limited and Pelamis Wave Power are to share a slice of a £13 million wave first array support programme – part of the
Due to the ongoing insolvency proceedings, Windreich GmbH announced yesterday that its wholly-owned subsidiary, Windkraft Union GmbH, Wolfschlugen (WKU), had filed for insolvency at the local court in Esslingen. This step was necessary because WKU has obligations toward Windreich GmbH, which current
Energinet.dk is calling for expression of interest for the supply and installation of the Kriegers Flak subsea cabling. Suppliers of electrical substations, especially direct current systems, and high voltage cables have long delivery times. That is why Energinet.dk is out early to ensure deliveries
Ocean Power Technologies, Inc. (OPT) today announced financial results for its Fiscal 2014 first quarter ended July 31, 2013. Highlights The Company’s net loss for first quarter of Fiscal 2014 declined to $3.8 million from $4.4 million in the first quarter of Fiscal 2013. OPT also recently announced
Able UK has today warmly welcomed Prime Minister David Cameron’s description of its plans for a multi-million Marine Energy Port on the South Bank of the Humber as a ‘very important investment’ and his promise to look at the issue of finalising a decision on the development. Mr Cameron was respondin
During Prime Minister’s Questions on Wednesday, Martin urged David Cameron to intervene in the Able Marine Energy Park application to ensure its early determination. The exchange is below: Martin Vickers (Cleethorpes, Conservative): “My right hon. Friend and the Government have been working hard to
As the Department of the Navy (DoN) continues to emphasize the need for energy security, the Office of Naval Research (ONR) has announced it will increase its support for Energy Excelerator, a Hawaii-based program that funds development of new and innovative energy ideas. The program, part of ONR’s
Moventas Group has acquired Moventas’ sister company David Brown’s wind gearbox business and established a UK-based company that significantly strengthens Moventas’ wind gear manufacturing and service footprint. The new company continues Samsung Heavy Industries’ on-going, next generation 7 MW offsh
With most of Europe’s shipbuilding activity migrating to the Asian countries of South Korea, China and Japan, the traditional demand for marine generator sets has dipped. This shift, coupled with the Euro zone recession and financing difficulties, has further deepened the slump in demand for new ves
The West of Morecambe Fisheries Fund, established to support fishing communities operating in the eastern Irish Sea, has opened for applications from the fishing industry. The fund is an innovative approach to enable both the wind farm operators of the Ormonde, Walney 1 and 2, West of Duddon Sands w
Two subsea cables which connect the London Array offshore wind farm to the shore are about to be bought by Mitsubishi Corporation and Barclays Plc investment fund, Reuters informs. The investment of around JPY 100 billion includes the acquisition of 55km of power transmission cable and the accompany
Consumers will be saddled with the cost of green energy infrastructure for at least 20 years under agreements that ensure profitability for Offshore Transmission Owners (OFTOs), according to research presented at the Royal Geographical Society (with IBG) international conference in London. The curre
