Business & Finance
West of Morecambe Fisheries Fund Opens for Applications (UK)
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
Mitsubishi and Barclays to Buy London Array’s Transmission Link (UK)
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
Royal Geographical Society: Wind Farm Regulation Makes Consumers Pay
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
China Ming Yang Reports Second Quarter 2013 Unaudited Results
China Ming Yang Wind Power Group Limited (Ming Yang), a leading wind turbine manufacturer in China, has announced its unaudited financial results for the second quarter ended June 30, 2013. Second Quarter 2013 Financial Highlights: Total wind turbine generators (“WTGs”) for which revenue was recogni
UK: Reef Subsea Restructures Its Business
Reef Subsea has taken the step to restructure its business into two divisions – one being a new division focused on integrated subsea projects and the second a restructure of the Dredging & Excavation division. In the restructure, Reef Subsea Power & Umbilical and Reef Subsea Norway has merged to fo
U.S. Energy Department Invests USD 16 Million to Harness Wave and Tidal Energy
As part of the Obama Administration’s all-of-the-above strategy to deploy every available source of American energy, the Energy Department today announced $16 million for seventeen projects help sustainably and efficiently capture energy from waves, tides and currents. Together, these projects will
UK: Coastal Marine Boatbuilders Goes into Administration
Many political leaders have raised their concern over Eyemouth boat building firm going into administration, reports the BBC. Before going into administration, the Coastal Marine Boatbuilders Limited had received an order to build offshore wind support vessels. Lib Dem MP Michael Moore said: “I have
UK: SeaEnergy Publishes H1 Financial Results
SeaEnergy, the innovative energy services group, today announces half year results for the six months ended 30 June, 2013. Highlights: Operational · R2S reporting substantial growth with new North Sea clients and international expansion · Ship Management business launched in June · Knowledge Transfe
UAE: Lamprell Marks Positive Performance for 1H 2013
Lamprell has released an 2013 interim financial results for six months to 30 June 2013. John Kennedy, Non-executive Chairman for Lamprell, said: “The new management team led by Jim Moffat has achieved a great deal during the first half of 2013, securing longer term financing for the Group and bringi
UK: 3sun Enhances Its Offering to Energy Industry
3sun Group, a specialist provider of products and services to the global energy industry, has announced the acquisition of RRC Controls Services Ltd, based in Gourdon Aberdeenshire. The deal, worth a six figure sum, is part of 3sun Group’s plans to expand its footprint in Aberdeen and enhance its se
New EU Rules Governing State Subsidies for Energy
The European Commission is preparing to review the guidelines for state aid in the energy sector. Even though the Commission’s proposals will probably only be unveiled after the German Bundestag election on 22 September, the Greens have already obtained a draft version of the new rules. This draft t
Australia: Carnegie Receives Two Payments for Wave Power Projects
Wave energy developer Carnegie Wave Energy Limited announced that it has received $374,121 of progress payments from the Federal Government for progress of the Perth Wave Energy Project and CETO wave powered Seawater Desalination Pilot Plant. ARENA Milestone 4a – Foundation System Carnegie received
HVDC Transmission Market Worth USD 9.62 Billion by 2018, Report Says (USA)
According to a new market research report of “HVDC Transmission Market – By Technology (LCC/VSC), Configuration (Back To Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 501 MW – 999 MW, 1000 MW – 2000 MW & Above 2000 MW), Application, Component & Geography (2013 – 2018)”. The
China Longyuan President Leads Interim Results Roadshow
During August 21 and 22, after 2013 interim results announcement of China Longyuan Power, Li Enyi, President of the Company led the roadshow team to conduct interim results roadshow in Hong Kong. During the period, the Company communicated with 59 world-renowned institutional investors in the form o