Business & Finance
Ireland: DCNS Takes Control of OpenHydro
DCNS is now the majority shareholder in the Irish start-up OpenHydro, specialised in marine turbines, with a 59.7% holding. Thus DCNS confirms its ambition in the field of renewable marine energy. DCNS expansion in the field of marine turbine energy is part of the group’s growth strategy. With OpenH
Tenders Invited for Piling Work at Innogy Nordsee 1 Offshore Wind Farm (Germany)
RWE’s Innogy Nordsee 1 GmbH has issued an invitation to tender on piling work at its Offshore Wind Farm Innogy Nordsee 1. This includes the supply of substructure and foundations for wind turbine generators (WTG), installation of topside and substructure and/or installation of substructure and found
Belgium: Elia Requires Offshore Platform Installation Works
Elia Asset nv is looking for contractors who will undertake the design, engineering, supply, construction, installation and commissioning of an Offshore High Voltage Substation with jacket substructure and top structure (Alpha and/or Beta OHVS) and/or a topside modular construction of an OHVS (Alpha
OPT: Autonomous Powerbuoy Market Represents Important Opportunity for Profitable Growth (USA)
Ocean Power Technologies, Inc. (OPT) today announced financial results for its fiscal 2013 third quarter and the nine months ended January 31, 2013. OPT reported a decreased net loss of $10.6 million for the nine months ended January 31, 2013, versus $11.1 million from the comparable period in fisca
UK Government Increasing Certainty for Renewables Investors
Developers of renewable electricity projects will be able to apply for support to enable them to commission and build projects more quickly. The Government’s Final Investment Decision Enabling programme is designed to help developers of low carbon electricity projects make final investment decisions
European Parliament OKs Guidelines for EU Energy Infrastructure Package
The European Parliament gave its green light to the guidelines for the EU energy infrastructure package, which sets out corridors for Europe-wide energy infrastructure, seeks to speed-up permits and identifies priority projects, including an offshore electricity grid in the North Sea. “This is reall
The Netherlands: Van Oord Net Profit Reaches EUR 98 Million
Van Oord’s turnover for 2012 amounted to EUR 1.676 million (2011: EUR 1,715 million), and net profits for 2012 were EUR 98 million (2011: EUR 118 million). Its order portfolio is well filled, rising to EUR 1.9 billion at the end of 2012. ‘Our net results are in line with our expectations’, says CEO
The Netherlands Could Sell Part of TenneT to Raise EUR 500 Million for Grid Investment
An amount of EUR 500 million, intended for investments in power grid in the Netherlands, is likely to be raised through selling a minority stake in the Dutch power grid operator TenneT, according to Reuters. The company is planning to connect wind farms and to upgrade the grid in the north of the co
Equity Stake in Scottish Tidal Turbine Company Strengthens ABB’s Renewables Assets
ABB, the global power and automation technology group, has led a $12 million investment in Scotrenewables Tidal Power, a provider of tidal turbine systems, to support the rollout of a new hydrokinetic device and to expand ABB’s renewable energy assets. ABB’s participation was made through its ventur
UK: Chance for Coastal Communities to Receive Boost from CCF
Following a successful first year, coastal communities across the United Kingdom are getting another chance to receive a multi-million pound boost from the Coastal Communities Fund (CCF). Applications for this year’s pot of £27.8 million will open on 13 March 2013. The funds available have increased
Five Companies Express Interest in Building North Carolina’s Offshore Wind Farms (USA)
After the Bureau of Ocean Energy Management (BOEM) issued a Call for Information and Nominations for commercial wind leases off the North Carolina coast in December, five companies expressed their interest in offshore wind development there, the Charlotte Observer informs. The companies filed positi
The Netherlands: TenneT Posts Positive Results for 2012
Electricity transporter and high-voltage grid operator TenneT has again made huge efforts in 2012 to strengthen and expand its grids in the Netherlands and Germany. Revenues and profit increased in accordance with this growth. In 2012 TenneT invested EUR 1.6 billion. By doing this TenneT is facilita
Seacat Services to Invest Over GBP 15 Million in Isle of Wight, UK
Seacat Services, a leading offshore wind farm vessel transfer operator, will, by the end of 2013, have invested over £15 million in manufacturing and jobs on the Isle of Wight. This entire investment has been achieved in less than two years and represents a significant cash injection into the local
Germany: PNE WIND Plans to Issue Corporate Bonds
PNE WIND AG intends to issue corporate bonds in the first half of 2013 amounting to EUR 100 million on the Prime Standard segment of the Deutsche Börse (German Stock Exchange). PNE WIND AG intends to use the proceeds to fund both organic and inorganic future growth. To this extent, the planned issua