Business & Finance
Scottish Enterprise Will Help Drive Implementation of Routemap for Renewable Energy
Economic development agency, Scottish Enterprise, unveiled its latest business plan on May 2, which aims to accelerate Scotland’s economic recovery. The plan, which outlines an ambitious increase in targets to drive investment in innovation and capital projects, will see the agency retain its focus
Sweden: MMT, Reach Subsea to Establish Innovative Solutions in Offshore Survey Market
MMT Group AB (Gothenburg, Sweden) and Reach Subsea AS, an integrated Subsea Service Provider (Haugesund, Norway), have signed a Letter of Intent for the purpose of establishing a new Joint Venture within Offshore Survey Operations. The Parties have for some time, together with the engineering compan
Canada: Federal Government Funds R&D for Small-Scale Tidal Power Projects in Nova Scotia
Fundy Tidal Inc. (Fundy Tidal), Acadia University, and Dalhousie University’s Department of Oceanography will continue R&D activities to identify the best locations for small-scale tidal power projects in Digby County bolstered by a three-year, $3.3 million research project. Funding of $1.6 million
UK: Cammell Laird Could Hire 2,000 People if It Wins Offshore Wind Contracts
Cammell Laird shipyard is waiting to win profitable wind farm construction contracts this autumn, which would triple its workforce and raise turnover to half a billion pounds a year, Liverpool Daily Post writes. Contracts for the UK Round 3 wind farms will be announced by the end of this year and to
Sweden: Vattenfall Reports Stable Q1 Results Despite Challenging Market Conditions
Vattenfall reports a stable underlying first quarter 2013 operating profit despite challenging market conditions. Increased electricity generation and high nuclear power availability contributed to the result. Vattenfall continues to improve operational efficiency. Net sales rose 1.4% to SEK 49,659
Global Wind Companies Look to Set Up EUR 7 Billion Supply Chain in Irish Midlands
More than fifteen leading manufacturers of wind farm components and transmission technology met on April 30 in Tullamore to discuss the potential of setting up a local supply chain in the midlands worth at least 7 billion euro. More than 400 delegates attending the event hosted by Offaly County Coun
Wales’ First Full-Scale Tidal Energy Generator Awarded GBP 1.6 Million EU Grant
Wales’ first full-scale tidal energy generator has been awarded a £1.6m EU grant to fund its deployment in Ramsey Sound, Pembrokeshire – First Minister Carwyn Jones announced yesterday. The funding from the European Regional Development Fund, administered by the Welsh European Funding Office for Wel
New Met Office Opens in Aberdeen (UK)
A new Met Office forecasting centre for Aberdeen was officially opened on April 29 by Professor Muffy Calder, Chief Scientific Adviser for Scotland, continuing our proud relationship with the city. The opening was also attended by members of Scottish Parliament, Members of Parliament and Professor J
USA: Energy Department Announces USD 13 Million for MHK Energy Systems
The Energy Department announced up to $13 million in funding to develop and test advanced components and technologies to boost the performance of marine and hydrokinetic (MHK) energy systems. The Department plans to select up to 10 awards aimed at developing advanced controls, power systems, and dev
Mabey Bridge Makes Senior Sales Appointment to Strengthen Its Offshore Renewables Sector (UK)
Mabey Bridge – the UK leading wind turbine tower manufacturer and international bridge builder – has appointed Gerry Voller as Sales Director – Tubular Products. The company – which employs 600 people in the UK and internationally with a turnover exceeding £80m per annum – is expanding and investing
GIB and Masdar to Invest Big Money in UK’s Renewables
The UK Green Investment Bank plc (GIB) and Masdar, Abu Dhabi’s state-backed renewable energy company, have confirmed that they will sign a Memorandum of Understanding (MoU) tomorrow to explore project investment opportunities in the UK’s clean energy sector. The MoU will be signed on the occasion of
Vattenfall’s Board of Directors Appoints Investigator (Sweden)
Vattenfall’s Board of Directors has announced that Christer Danielsson from Frank Advokatbyrå will be in charge of the investigation to find out if Vattenfall’s CEO Øystein Løseth received additional compensation when Vattenfall acquired the Dutch company Nuon in 2009. “Christer Danielsson is an ext
Sweden: Vattenfall’s CEO under Investigation for Bribery
Vattenfall has launched an independent inquiry to investigate claims according to which its CEO Oystein Loseth received a cash bribe during a takeover of the Dutch company Nuon in 2009, The Press and Journal Energy writes. Loseth has welcomed the investigation and said that it will “put an end to th
UK: Alicat Workboats Unveil New Boat Hoist and Support Services
On Wednesday 24th April 2013, Alicat Workboats Ltd. formally unveiled and christened the yard’s new boat hoist during an open day attended by over 250 guests. The open day showcased the many new developments and divisions created by Alicat Workboats over the last few months. The new boat hoist is a