Business & Finance
Ofgem Announces Shortlist for Low Carbon Network Fund and Network Innovation Competition (UK)
Ofgem yesterday announced that 23 projects can go through to the final stage of its three innovation competitions for the regulated network companies. This is the first year of the network innovation competitions (NICs), which make available up to £27 million of funding per year for onshore and offs
UK: Lerwick Harbour Lays Out Plans for Future
Building on high levels of activity and recent investment, Lerwick Harbour is positioned for another busy year and continuing development of infrastructure to meet users’ future requirements. In his foreword to Lerwick Port Authority’s newly-published Strategy and Business Plan 2013, Chairman Harry
Canada: Ontario’s Government Changes, Offshore Wind Cancellation Still in Effect
It has been two years since the Government of Ontario announced that it is imposing a cancellation/moratorium on offshore wind, saying that it needed time to perform more scientific studies on the effects of offshore wind turbines on health and environment. This decision affected Trillium Power the
French Deputy Chief of Navy Visits Carnegie (Australia)
Wave energy developer Carnegie Wave Energy Limited welcomed Vice Admiral Stéphane Verwaerde, Deputy Chief of the French Navy, to its private Wave Energy Research Facility yesterday in Western Australia. Carnegie’s Chief Executive Officer, Dr Michael Ottaviano and Project Development Officer, Mr Tim
USA: Wind Changes Course at Port Corpus Christi
Participation in wind energy component cargo from global markets since 2006 has made Port Corpus Christi a leader in import facilities for all major manufacturers. The Port had a record-breaking volume year in 2012. However, new wind energy market trends have created a reverse trade in 2013. On Satu
UK: Searoc’s Seaplanner Utilised on Nearly 4000MW of Offshore Wind Projects across Europe
International marine engineering company SeaRoc have announced updated contract figures for their marine monitoring and management system SeaPlanner – the web-based software designed specifically for the offshore industry by a team of leading software designers and marine construction professionals.
UAE: Lamprell Issues Interim Management Statement
Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, issues its latest Interim Management Statement in accordance with the EU Transparency Directive. This statement covers the period from 1 January 201
UK: Repsol Wraps Up SeaEnergy Offshore Wind Unit Transaction
On 29 June 2012, the Company announced that, pursuant to the Sale and Purchase Agreement (“SPA”) dated 4 June 2011 between the Company and Repsol Nuevas Energias S.A. (“Repsol”), Repsol had intimated a warranty claim amounting to £849,000, and that Repsol had withheld that amount from the retention
Siemens: Europe Could Save EUR 45 Billion of Investment in Renewables
Siemens has analyzed the electrical power producing systems across Europe and identified considerable potential for optimization, especially in connection with plans to expand power generation from renewable energy sources. The crux lies in the choice of location: If installations were built at the
DNV: Strong Market and Financial Performance in 2012 (Norway)
DNV Group CEO Henrik O. Madsen says 2012 can be characterised as “a year of financial uncertainty and rapid technological change” which has led to an increasing complex risk environment for customers and, in turn, a continued demand for DNV’s technology and risk management services. “The need to man
Norway: Bonheur Posts 2012 Results
As a consequence of Bonheur ASA holding more than 50% of the shares of Ganger Rolf ASA, Ganger Rolf ASA is fully consolidated for accounting purposes as a subsidiary of Bonheur ASA. As Bonheur ASA and Ganger Rolf ASA have a joint ownership (50% / 50%) of their major investments, the ownership struct
PNE: Positive Company Developments in Q1 2013 (Germany)
Wind farm project developer PNE WIND AG continued to ensure positive company developments in the first quarter of 2013. With the planned acquisition of the majority of the shares in WKN AG and the completed bond issue, the company is focused on creating future growth opportunities. “Our intention to
UK: Vattenfall to Reduce Stake in EOWDC
As part of its strategy to “prioritise its investments”, Vattenfall is to reduce its stake in European Offshore Wind Deployment Centre (EOWDC), writes BBC. The £230m EOWDC, which is opposed by Donald Trump, will consist of 11 wind turbines located in Aberdeen Bay. Peter Wesslau, Vattenfall’s UK coun
Italy: Prysmian Net Profit Drops 13 Pct to EUR 39 Million
The Board of Directors of Prysmian S.p.A. has approved the Group’s consolidated results for the first quarter 2013 (which are not subject to audit). “The worsening of the crisis in Europe’s construction industry, the additional contraction in energy consumption and the uncertainties surrounding rene