Business & Finance
Electro-Tech Set for Ambitious Growth in Enterprise Zone (UK)
This week, Electro-tech, a specialist source and supply company servicing the energy sector, is moving into the Great Yarmouth and Lowestoft Enterprise Zone, created by the New Anglia Local Enterprise Partnership. Electro-tech offers UK and global clients a simple and cost effective way to purchase
Germany: KfW IPEX-Bank Finances Construction of Two Innovative High-Tech Vessels
With a loan of EUR 74 million a consortium of banks led by KfW IPEX-Bank is supporting the construction of two ultra-modern special transporters to be built at the Flensburg-based FSG shipyard for the Dutch heavy lift shipping company RollDock. KfW IPEX-Bank contributes EUR 37 million to the financi
RWE Awards Atlantic Array Contracts Worth GBP 3.8 Million to Local Suppliers (UK)
During the development phase of Atlantic Array, RWE npower renewables have been monitoring the UK contracts they have awarded. As of the end of February 2013, 11.5% of contracts for Atlantic Array have been placed in Devon, with a further 10.9% being placed with companies located in the South West.
Germany: GL Garrad Hassan Advises Mitsubishi Corporation on Successful BorWin Acquisitions
GL Garrad Hassan has acted as technical adviser to Mitsubishi Corporation (MC) on their recent acquisition of a 49% stake in the BorWin1 and BorWin2 German offshore high-voltage, direct current (HVDC) links. The company acted as the sole technical advisor to MC providing due diligence assessment of
Scottish Enterprise Invites Interest for Hunterston Test Centre for Offshore Wind
Scottish Enterprise and SSE are investors in a project to develop the Port of Hunterston, for the testing of the latest full scale offshore turbine technology. Scottish Enterprise is developing one of the three test berths and is seeking initial expressions of interest from manufacturers interested
New Renewable Energy Skills Network Launched in Scotland
A new national network aimed at boosting the number of experienced workers entering the renewable energy workforce in Scotland was launched in Edinburgh yesterday (Tuesday 19 March). The Transition Training Network (TTN) is a new project delivered through collaboration between the National Skills Ac
USA: Cape Wind Completes Debt Financing
Completing a financing milestone, Cape Wind has signed a term sheet to engage The Bank of Tokyo-Mitsubishi UFJ (BTMU) as its Coordinating Lead Arranger of the commercial bank portion of the total debt financing for the 468-megawatt offshore wind farm. The announcement finalizing this selection follo
LOC Strengthens Customer Support for North Sea Region with Two New Offices
Leading global marine and engineering consultancy, LOC (London Offshore Consultants) has opened two new offices to strengthen its service delivery in the North Sea region. Complimenting existing LOC hubs in London, Aberdeen and Stavanger, the new offices – both opened on the same day (14 March) – ar
UK: Vattenfall’s Financial Issues Will Stop EOWDC Development, Trump International Says
After Vattenfall’s recent announcement that it will cut costs to a large extent, Trump International has claimed that the European Offshore Wind Deployment Centre (EOWDC) in Aberdeen will never be built, STV news site informs. Even though the company has not yet specified any actions related to the
Australia: CWE Raises Further AUD 1 Million in Funds
Wave energy developer Carnegie Wave Energy Limited ( CWE) announced today that it has completed a fund raise totalling $9.5m consisting of the $8.5m Share Purchase Plan (SPP) announced yesterday plus a further $1m in funds in a private placement. The funds will be used alongside Carnegie’s Governmen
UK: Wello Releases Decommission Plan for Penguin
Wello has released its decommissioning plan for their 500 kW ‘Penguin’ wave energy converter (WEC) at the European Marine Energy Centre’s (EMEC) wave test site, Billia Croo Orkney. First installation of the mooring system and the Penguin I device was completed 30th June 2012 with recovery on the 9th
Sweden: Vattenfall to Cut Costs, 2,500 Employees to Lose Their Jobs
Approximately 2,500 employees might leave the company when Vattenfall has to cut costs by SEK 3 billion during 2013 and by another SEK 1,5 billion 2014. Øystein Løseth, President and CEO of Vattenfall, painted a picture of 2013 and the coming years with a low electricity demand, an oversupply of CO2
Australia: Carnegie Wave Energy Raises AUD 8.5 Million
Wave energy developer Carnegie Wave Energy Limited announced that its Share Purchase Plan has closed oversubscribed and raised $8.5 million. Carnegie had previously announced on 8 February 2013 that it had initiated a capital raising via a Share Purchase Plan (SPP) of $6 million with capacity to acc
UK: ZephIR Lidar Celebrates 10th Anniversary of Wind Lidar Experience
Industry-leading wind lidar company ZephIR Lidar have this month celebrated their 10th anniversary of wind lidar experience, having been the original pioneer of lidar measurement for the wind industry. On 4th March 2003, a prototype ZephIR lidar was successfully installed on the nacelle of a Nordex