Business & Finance
Wick Harbour’s Offshore Wind Development Enters Planning Stage (UK)
After receiving a GBP 450,000 boost to dive in offshore wind industry, Wick Harbour Authority is currently planning to install heavy lifting equipment and to dredge the channel to the harbour’s commercial quay. This development will enable the port to become an offshore wind construction base for tw
Belgium: DEME Wins New Contracts for Energy-Related Projects
Within the DEME group recently, a great many assignments for large, energy-related projects have been awarded to a range of different companies. The assignments will be executed for oil and gas companies and businesses working within the renewable energy sector and represent a total value of 250 mil
Sumitomo to Take Shares in Two Belgian Offshore Wind Projects
Sumitomo Corporation, in conjunction with Sumitomo Corporation Europe (collectively hereafter Sumitomo), have entered into an agreement with Parkwind, a Belgian offshore wind company, to take shares in two offshore wind farm projects off the coast of Belgium. Parkwind’s shareholders are the Colruyt
Germany: H&Askham Wins Trianel Offshore Wind Farm Electrical Installation Work
Borkum West II, also known as Trianel Windpark Borkum, set in German waters in the North Sea is the latest project H&Askham are adding to the ever growing portfolio of works it can boast in the Offshore Wind Sector. Teams were mobilised to the project to begin HV termination and jointing works in ea
Canada: OERA Invites Proposals for Bay of Fundy Region Based Research Projects
OERA (Offshore Energy Research Association) is inviting applications from community based or not-for-profit organizations in the Bay of Fundy region to participate in an OERA established Participation Support Fund. The purpose of the Participation Support Fund is to provide modest one time grants to
UK: DECC Publishes Draft Electricity Market Reform Delivery Plan
Investors will receive further certainty today of how the government will support investment in new energy infrastructure through the Energy Bill, in order to keep the lights on and bills and emissions down. The draft Electricity Market Reform Delivery Plan, published today for consultation, provide
Germany: Upcoming Conference to Focus on Offshore Wind Capital Expenditure
The European offshore wind sector installed 277 turbines, with a capacity of 1045MW in the first half of 2013 according to a report by the European Wind Energy Association. However, despite this growth the industry has noticed a slowdown in investments in new projects. This slow down can be attribut
Australia: Carnegie Places Offshore Foundations Order for Wave Project
Wave energy developer Carnegie Wave Energy Limited (CWE) announces that it has made a commitment for the manufacturing and installation of the offshore foundations for the Perth Wave Energy project. The contract for the installation of the foundations was awarded to Fugro Seacore (Australia) Pty Ltd
The Crown Estate Appoints Legal Advisors to Energy and Infrastructure Portfolio (UK)
The Crown Estate today announced that it has appointed Norton Rose Fulbright and Bond Dickinson to sit on the legal panel for its energy and infrastructure portfolio. The two firms recently emerged from a competitive tender process which aimed to consolidated legal advice across an extremely diverse
UK to Cut 25 Pct off Wind Power Subsidies
The UK Government will define new plans in the Energy Bill, which involves cutting long-term subsidies for new wind farms by 25%. This week, the Secretary of State for Energy and Climate Change, Ed Davey, will announce this cut, which will be done by reducing the time during which consumers are obli
USA: National Science Foundation Awards USD 1.97 Million to Massachusetts Research Institutions
United States Senator Elizabeth Warren, U.S. Representative and Senator-Elect Edward Markey, and U.S. Representatives James McGovern and William Keating announced the National Science Foundation (NSF) has awarded $1.97 million to Worcester Polytechnic Institute, Woods Hole Oceanographic Institution,
USA: OPT Reports Loss of USD 14.8 Million
Ocean Power Technologies, Inc. (“OPT” or “the Company”) has announced financial results for its fiscal 2013 fourth quarter and the full year ended April 30, 2013. Some of the highlights from the report are: – Ocean Power Technologies reported a net decrease in cash and investments of $11.4 million f
DONG Energy Leading European Offshore Wind Market, Targets 6.5 GW by 2020
The European Wind Energy Association, EWEA, has just published its half-yearly offshore statistics, showing a total of 277 offshore turbines installed in the first six months of this year, compared to the 132 turbines installed in the first six months of 2012. A total of 1,045 MW has been installed
Leiston, Sizewell to Benefit from Greater Gabbard Wind Farm (UK)
Greater Gabbard Offshore Wind Farm developers will grant GBP 150,000 to the Leiston and Sizewell residents as a part of the deal for the project’s substation, reports EADT 24 news portal. The grant will be paid over a six-year period. John Hill, Greater Gabbard Offshore Wind Farm project director, f