Business & Finance
The Netherlands: Ballast Nedam Narrowly Achieves Operating Profit in First Half
Ballast Nedam today released its financial results for the first half of 2013. Operating profit of € 1 million (1st half of 2012: € 4 million) Profit for the period: loss of € 3 million (1st half-year 2012: break-even) Revenue 14% lower at € 496 million (1st half of 2012: € 575 million) Order book [
UK: MCS Takes Delivery of Three Damen FCS 2610s, Two More on the Way
Maritime Craft Services (Clyde) Ltd. took delivery of three more Twin Axe wind farm support vessels in June and two more will arrive next month. With the introduction of the five new Damen Twin Axe Fast Crew Suppliers, MCS has the largest Twin Axe fleet in the offshore wind industry. The addition of
Narec: GBP 2.8 Million Boost for Offshore Renewables Supply Chain in North East England
The National Renewable Energy Centre (Narec) has established a £2.8 million public-private initiative to support SMEs in the North East of England to move into the rapidly developing offshore wind and marine renewable energy supply chain. The Renewable Energy Technology Accelerator (RETA) project wi
Germany: EMS Sells Two Crew Transfer Vessels
At the end of June 2013, Knut Gerdes, CEO of EMS Maritime Offshore GmbH, signed the sales contract for the service crew transfer vessels Emswind and Emsstrom. “With the Emswind and the Emsstrom, we did the first successful steps in the offshore business in 2007. Both vessels did a great job in the p
USA: DOE Announces USD 1.5 Million in Funding for Wave Energy Development
The U.S. Energy Department (DOE) has announced up to $1.5 million in funding for projects to design testing facilities to accelerate the development and deployment of wave energy systems. This funding is part of the Department’s effort to bring innovative wave energy technologies to market faster by
UK: New Anglia Capital’s Investment Day at OrbisEnergy Attracts Investors and Innovators
Nearly 50 business angel investors, funders and their advisors attended New Anglia Capital’s Investment Day at OrbisEnergy in Lowestoft last week (Tuesday 2nd July), which could result in investments of up to nearly £750,000. Four companies with a wide variety of innovative ideas made presentations
UK: Tidal Energy Limited Completes Supply Chain for Its DeltaStream Prototype
Pioneering marine renewable energy company Tidal Energy Limited (TEL) has announced the completion of the supply chain for its DeltaStream prototype, Wales’ first full-scale tidal turbine, with the confirmation of its three remaining contracts: • Mustang Marine (Wales) Ltd will provide fabrication s
Masdar Plans Further Investment in UK’s Renewables
Masdar, Abu Dhabi’s state-backed renewable energy company, is eyeing further opportunities to invest in the UK’s renewable energy projects. Following the official opening of the London Array offshore wind farm on July 4, in which Masdar invested a significant amount of money and is 20% stakeholder,
ABB to Strengthen Norwegian Transmission Grid with Two Substations
ABB, a global leader in power and automation technology, has won an order from the Norwegian Transmission System Operator (TSO), Statnett SF for the construction of two new 420 kilovolts (kV) transmission substations. This is part of an overall initiative to expand and strengthen the national grid.
USA: Statoil Freezes Hywind Maine Project
Statoil has decided to suspend the Hywind Maine project, which includes the deployment of floating wind turbines 12 miles southeast of Boothbay Harbor. The company reported its decision to the Maine Public Utilities Commission via a letter on July 3, saying that the recent legislative alteration cre
UK: Wick Harbour Authority Gets GBP 450,000 for Its Offshore Wind Plans
Wick Harbour Authority’s ambitious plans to attract new jobs to the area from the offshore wind industry have received a boost with the combined support of £450,000 from two partners in the Caithness & North Sutherland Regeneration Partnership (CNSRP). The Harbour Authority is positioning the port t
40South Energy Receives Third Order for Its R115/150kW Wave Energy Converter (Italy)
40South Energy announced on its official pages on social networks that it had received a firm order for one R115/150kW machine from a third client yesterday. The company further added: This new client is an Independent Power Producer, and wants its first machine at the Elba WEP once it is consented.
Kishorn Port Proposal Submitted to Highland Council (UK)
After two years of planning and detailed studies, Kishorn Port has submitted a proposal for the development of the former oil fabrication yard to Highland Council, writes the Scotsman. Besides refurbishment of one of Europe’s largest dry docks, reclamation of the foreshore, upgrading and extending t
VSMC to Lay Cables at RWE’s Nordsee Ost Offshore Wind Farm (Germany)
VSMC has been contracted by German firm RWE Innogy to lay and bury the infield cables of the Nordsee Ost offshore wind farm in Germany. Recently, VSMC also won contracts from E.ON and DONG Energy to install the export cables of two wind farms along the English coast, in partnership with Boskalis Off