Business & Finance
American Tidal Power Company to Invest in Scotland
ResHydro, a U.S.-based tidal power company, has decided to invest in Scotland by establishing an operations base there, the Scotsman informs. The company will work together with the University of Strathclyde on developing its hydrokinetic energy generation device. Scottish Enterprise will support Re
GL RC Appoints Daniel Hein as New Head of Group China
GL Renewables Certification (GL RC) has appointed Daniel Hein as new Head of Group China. In his new role Mr Hein will be responsible for establishing and growing GL RC’s business within China. GL RC is one of the leading certification bodies in the renewable energies sector, particularly in respect
German Renewable Energy Shift Slowing Down as Large Players Reduce Investments
German Chancellor Angela Merkel is losing her two greatest allies in the renewable energy shift as EON SE (EOAN) and RWE AG (RWE) announced to slash their combined debt and curb costs of $ 88 billion, writes Bloomberg. After the Fukushima nuclear disaster in March 2011, Chancellor Merkel decided to
Germany: HSH Nordbank Plans Further Expansion of Its Renewables Business in 2013
After last year proved to be above expectations for HSH Nordbank’s Renewables business division, the bank wants to build on this success in 2013 and further expand the business. HSH Nordbank is one of Germany’s leading financiers in this segment. “We have supported about 20 new projects in the past
UK: LDA Appointed as Masterplanner for Swansea Bay Tidal Lagoon
LDA Design, an independent design, environment and energy business, has been appointed as masterplanners and landscape architects for the world’s first man-made energy-generating lagoon – the £650 million Swansea Bay Tidal Lagoon project being developed by Tidal Lagoon Swansea Bay Ltd. Under the pro
The Netherlands: IHC Merwede Has Positive Sales Forcast for This Year
IHC Merwede has revealed a healthy net profit margin of 4.1% per cent in 2012 and a positive sales forecast for the year ahead. The company develops and builds innovative vessels, advanced equipment and life-cycle support services for the dredging, mining and offshore industries, which have been per
Barrier Increases Presence in Offshore Wind Market (UK)
Barrier Ltd, which is part of the Barrier Group, has completed a significant new investment to support the transference of skills and technology into the offshore wind sector. The Wallsend-based company has expanded its Coatings Division to be able to deliver neoprene coatings and rubber clamps for
UK Consumers Annually Pay Only GBP 10 for Wind Power
While debate in the media rages on whether the UK’s green energy policies will raise electricity bills or not, Ed Davey, UK Secretary of State for Energy and Climate Change, has said that onshore and offshore wind power together cost householders only £10 a year in total, according to a Guardian art
Belgium: Millions of Euros Available for Innovative Wind Energy Projects
A call for renewable energy project funding, which potentially totals tens of millions of Euros under NER300, was launched by the European Commission (EC) today. NER300 is the EU’s funding programme for innovative demonstration projects for renewable energy and carbon capture and storage (CCS). Howe
Ireland: Wavebob to Go into Liquidation
Wavebob, an Ireland-based wave energy developer, will hold board meetings for shareholders and investors in order to put the company into liquidation process, according to The Irish Times. The company was hoping to get EUR 10 million in new investment to bridge the finance gap until it could raise f
The Netherlands: TU Delft’s Associate Professor Receives Subsidies for Offshore Energy Projects
Pavol Bauer (UHD, Electrical Power Processing section) received subsidies from the top sector Energy for a grand total of three projects. The total subsidy of the projects amounts to one million euros for research and half a million euros for components and equipment. It concerns research on Integra
Brodosplit Shipyard Could Dive Into Offshore Wind Sector (Croatia)
Tomislav Debeljak, Managing Director of DIV Ltd. and new owner of Brodosplit shipyard, revealed new and ambitious business plans on March 30, some of them involving offshore wind projects. Mr. Debeljak addressed his employees in a letter via social media, where he wrote: “I can already announce that
Offshore Wind Costs in Belgium Lower than European Average
The net support costs for society of offshore wind in Belgium is lower than in neighbouring countries. Gross income for the various projects also lies below the European average. This appears from a comparative report by an independent consultancy firm, 3 E, in which the various support systems of 6
Natural Power Opens Irish HQ in Dublin
Minister Pat Rabbitte TD officially opened Natural Power’s Irish headquarters in Dublin, with the creation of 20 highly skilled positions. Natural Power is a leading international renewable energy consultancy, with a full range of construction services, as well as providing access to the full lifecy