Business & Finance
Tidal Project in Bay of Fundy Gets CAD 5 Million in Funding (Canada)
The Harper Government is showing its commitment to stimulating innovation and job creation with an investment of $61.8 million to help 23 new clean technology projects from across the country reach commercialization. One of these projects is ARC-1000 full scale tidal turbine demonstration at FORCE,
Harper Government Announces Clean Technology Projects across Canada
The Honourable Joe Oliver, Canada’s Minister of Natural Resources, was joined by the Honourable Peter Kent, Minister of the Environment, on February 15th, to announce an important investment to support 23 clean technology projects in communities from coast to coast. Funding for the projects, which t
The Netherlands: Offshore Wind Power Generation Financing
International law firm Norton Rose recently hosted a round table discussion in Amsterdam together with Rabobank and PwC, led by energy partner Weero Koster. The reason for this event was the ‘Government Accord’, announced by the Dutch newly elected government. The round table was attended by a great
UK: Natural Power Expands to Provide Lifecycle and Holistic Design Services
International renewable energy consultancy, Natural Power, continues to expand its service offerings by introducing a full range of Design and Advisory Services to the renewable energy market. Heading up this service is David Wright, who has joined Natural Power from URS Scott Wilson. David’s role w
Canada: NaiKun Wind Releases Q1 Financial Results
NaiKun Wind Energy Group Inc. has announced its financial results for the three months ended December 31, 2012, a fiscal period in which the Company continued to explore ways to forward the NaiKun Wind Project while controlling its costs. A substantial restructuring was undertaken in the third quart
UK: HSSE Wins GBP 5 Million Contract for Gwynt y Môr
A north west based commercial diving and specialist offshore services company has been awarded a major contract to support the construction of Gwynt y Môr Offshore Wind Farm in Liverpool Bay. Hughes Sub Surface Engineering (HSSE), with offices in Bootle, Mostyn and Staines, won a £5million contract
Sweden: Vattenfall Works on Increasing Share of Investments in Renewables
Despite a challenging year for the energy sector, Vattenfall presents a stable 2012 full year underlying operating profit for comparable units. Vattenfall will continue to streamline its operations, strengthen its financial position while maintaining its focus on sustainability. Net sales for 2012 d
Blue Offshore Opens Representative Office in Singapore
Blue Offshore has announced that it has a representative office location in Singapore. The company can now be reached at its Singapore address: Blue Offshore bv, 15 Hoe Chiang Road, Tower Fifteen #12-05, Singapore 089316. Email and telephone contact details remain the same as for its NL office. Blue
Germany: TenneT in Talks with Allianz
Europe’s first cross-border grid operator for electricity, TenneT, is in talks with German based Allianz SE and the German environmental ministry about billions of euros worth investment in offshore wind farms, reports Der Spiegel magazine. Earlier this year, TenneT announced that they are gearing u
UK: Offshore Wind Attracts Investment in Cromarty Firth Port
Cromarty Firth Port Authority is expected to announce securing approximately GBP 9 million in bank funding for its GBP 20 million project, which will turn the port into a place for handling offshore wind turbines and employ up to 400 people, the Scotsman writes. The project involves expansion on nin
USA: DOE, Treasury Announce Availability of USD 150 Million in Tax Credits for Clean Energy Manufacturers
As part of President’s Obama’s all-of-the-above approach to American energy, the U.S. Departments of Energy and the Treasury today announced the availability of $150 million in Advanced Energy Manufacturing Tax Credits for clean energy and energy efficiency manufacturing projects across the United S
Germany: Friesland Kabel Inks SylWin Alpha Contract
Friesland Kabel GmbH, the specialist for marine and offshore connections in Norderstedt near Hamburg, takes over the complete delivery, including logistics for the wiring of the new offshore converter platform “SylWin Alpha”, which for the moment is manufactured by Nordic Yards in Warnemünde. Severa
UK: GBP 30 Million from Regional Growth Fund Available for Humber’s Small Businesses
Businesses of all shapes and sizes can now bid for a share of £30 million to boost growth, and build on the Humber’s position as the UK’s energy estuary, Business Minister Michael Fallon announced on February 8. The launch of the Humber local enterprise partnership’s (LEP) scheme came as part of the
Germany: Norton Rose Advises Consortium of Banks on Investment in Butendiek OWF
International legal practice Norton Rose has advised a consortium of banks led by KfW IPEX-Bank, UniCredit and Bremer Landesbank on the financing of the offshore wind farm Butendiek in the North Sea. The consortium finances this large-scale project with loans in the total amount of approximately €85