Business & Finance
Goldman Sachs Plans to Invest in Japan’s Offshore Wind
Goldman Sachs Group Inc., a global investment banking, securities and investment management firm based in New York, is planning to invest in offshore wind energy in Japan, Bloomberg informs. The interest in tapping the potential of the country’s clean energy materialized when the company established
France: DCNS, OTEplc Sign MoU to Develop Ocean Thermal Energy Conversion
OCEAN THERMAL ENERGY PLC (OTEplc) and DCNS have signed a Memorandum of Understanding (MOU) to jointly develop and build Ocean Thermal Energy Conversion (OTEC), Sea Water District Cooling (SDC) and Sea Water Air Conditioning (SWAC) systems in selected markets. Ocean Thermal Energy Conversion is a pro
UK: GCube Underwrites 5GW of Offshore Wind
GCube, the specialist renewable energy underwriter, has said that whilst clear growth within offshore wind persists, the industry needs to take some extra steps to ensure that wind energy assets are ‘investment grade’ in the long term. With limited opportunities for debt within the offshore wind cap
Supply Chain Companies Urged to Tap into Opportunities in UK’s Growing Offshore Wind Industry
Supply chain companies are being urged to tap into opportunities in the UK’s growing offshore wind industry – worth a potential £2 billion a year between now and 2025. The figures are highlighted in a new guide from Scottish Enterprise and the Crown Estate – The Guide to UK Offshore Wind Operations
UK: Crown Estate Announces Leasing Round for Innovative Offshore Wind Technologies
The Crown Estate has announced a new leasing programme to encourage further investment in a range of offshore wind test and demonstration projects, including a leasing round for floating offshore wind technology. Other components will include calls for interest in for non-grid connected projects and
RenewableUK, Crown Estate Highlight ‘Once in a Generation’ Offshore Wind Chance
RenewableUK and The Crown Estate have published a report highlighting a “once in a generation” chance to attract major companies to the UK to build factories to supply the fast-growing offshore wind energy sector. However, the study warns that unless the UK seizes this unprecedented opportunity, the
UK Reinforces Inward Investment and Innovative Projects in Offshore Wind
Business and Energy Minister, Michael Fallon has announced the creation of an Offshore Wind Investment Organisation (OWIO) to boost levels of inward investment and to further stimulate jobs in the UK offshore wind industry, alongside Government support for three offshore wind innovation projects. En
Scottish Renewables Welcomes OW Financial Support Announcement
Scotland’s offshore wind industry has learned of plans to introduce two new bands of financial support which will be provided by the Scottish Government. Responding to the announcement, Lindsay Leask, Senior Policy Manager for Scottish Renewables, said: “Scotland is at the cutting edge of deep water
EDF Selects Kyowa Filter Units for Monopile Scour Protection at Teesside OWF (UK)
Ridgeway Renewables have successfully supplied the first “Kyowa Filter Units” from Japanese manufacturer Sumisho Kyowa Limited for offshore wind turbine monopile scour protection in Europe. Using a combination of the 4 & 8 tonne type units filled with specific aggregate in a circular formation aroun
Germany: TenneT Confident in Getting Offshore Financing
German grid operator TenneT said that it is confident that funding for its offshore projects, which would amount to EUR 7 billion for transmission cables, is secured. The company is assured that new legal arrangements regarding risk liability will help get things solved for the offshore transmission
USA: Cape Wind Faces New Foe
Cape Wind has been faced with a new foe. Namely, a newly formed group called the New England Ratepayers Association has written to the United States Department of Energy to disapprove Cape Wind’s USD 300 million loan guarantee which will, as NERA believes, stop Cape Wind development, writes the Unio
Scotland to Give Higher Incentives to Innovative Offshore Wind Projects
Scottish Government will boost its incentives for innovative offshore wind technology through Renewable Obligation Certificates. Next generation, cutting-edge offshore wind turbine projects will receive 2.5 tradable Renewable Obligation Certificates (ROCs), whilst those test projects that aim to dev
Sweden: SeaTwirl Adds New Board Member
SeaTwirl AB has announced that it has a new board member added to its team. Katarina Frotjold has previous experience from the automotive industry as well as the wind industry and has been involved in several interesting wind projects before. She has great compassion in wind projects and especially
UK: ETI Appoints New Strategy Manager for Offshore Renewables
The Energy Technologies Institute (ETI) has appointed Nick Clarke to the post of Strategy Manager, Offshore Renewables. Nick will be responsible for the strategy of its offshore wind and marine technology programmes. He will work closely with Simon Cheeseman, the ETI’s Marine programme manager and A