Business & Finance
UK: Highland Ports Prepare to Attract GBP 100 Million Investments with HIE’s Support
Highlands and Islands Enterprise (HIE) has signed joint working agreements with four of the region’s leading ports to support the development of the offshore wind sector. The partnership aims to help the Ports attract a potential £100m of investment to the Highlands. The First Minister Alex Salmond,
Energy Minister Applauds Scottish Renewables’ Figures
ENERGY Minister Fergus Ewing has welcomed figures published by Scottish Renewables, saying that Scotland’s offshore wind developers have invested around £165m in the Scottish economy so far. Minister Fergus said: “Offshore wind is an exciting emerging energy sector, still in its infancy but with gre
Offshore Wind Developers Invested GBP 165 Million in Scottish Economy
New figures published by industry body, Scottish Renewables, have revealed for the first time that Scotland’s offshore wind developers have invested around £165m in the Scottish economy so far. Scottish Renewables asked its members developing offshore wind projects in Scottish waters how much they h
UK: Port of Sunderland Takes Advantage of Offshore Wind Development
The offshore wind development is taking firmer hold in the UK and as a result the Port of Sunderland has grabbed a peace of its own from this renewable energy pie. Namely, the Port of Sunderland’s business rose last month comparing to the same month in 2011 due to the increased offshore wind develop
UK, Irish Ministers Sign MoU on Renewable Energy Export
The UK Secretary for Energy and Climate Change, Edward Davey and the Irish Minister for Communications Energy & Natural Resources, Pat Rabbitte, TD, today commited to working closely together to secure economic benefits for both countries through trade in renewable energy. Announcing the agreement M
Spencer Group Proves Opportunities in Humber Renewables Already Exist (UK)
As businesses prepare for an anticipated renewables boom in the Humber, one Hull firm is proving the opportunities are already there for the taking. Spencer Group has a significant role in the £736m Humber Gateway offshore wind farm – the region’s first major offshore wind development. The specialis
USA: OPT Receives Approximately USD 1.5 Million from New Jersey
Ocean Power Technologies, Inc. (Nasdaq:OPTT) (OPT), a leading wave energy technology company, today announced that it recently received approximately $1.5 million under the State of New Jersey’s Business Tax Certificate Transfer Program. The Program enables companies to raise cash to finance their g
TenneT in Talks for New Investments in German Energy Shift
TenneT is gearing up with its investment plans regarding German energy shift to renewables, as the company is currently in talks with more investors. The grid operator intends to cooperate with further investors after the deal with Mitsubishi “broke the ice”, Martin Fuchs, head of TenneT TSO GmbH to
The Netherlands: Tocardo, Repsol Partner Up to Develop Tidal Energy
Tocardo International, the leading producer of tidal and free-flow water turbines, and Repsol, the international integrated energy company, announce a partnership between the two companies. The Repsol New Energy Ventures and Tocardo partnership will provide a platform for both companies to develop o
DONG Energy Comments Report by Danish National Audit Office
Danish National Audit Office (Rigsrevisionen) has today published its report on DONG Energy. The report has been prepared at the request of the Danish Public Accounts Committee. In its report, Rigsrevisionen attaches importance to the fact that, since the merger in 2006, DONG Energy has been pursuin
Germany: Good Start for Siemens in 2013
Siemens is starting fiscal 2013 with solid figures. Compared to the same period last year, revenue increased slightly in the first quarter due to the good order backlog. Although new orders declined moderately year-over-year, the book-to-bill ratio was again above 1, having been below 1 for the prev
DCNS to Take Control of Irish OpenHydro
DCNS is going to increase its holding in OpenHydro to 59.7% of the capital through an acquisition of shares from the current shareholders and an increase in capital restricted to the Group. This investment is evidence of the confidence and commitment of DCNS to the development of OpenHydro. OpenHydr
German Economy Minister Proposes Investment Changes to Help Offshore Wind
At a conference today in Berlin, German Economy Minister Philip Rösler called on the European Union to promote institutional investment in energy by making it easier for investors, such as insurance companies, to fund energy infrastructure within the Union, Bloomberg reports. He said that he already
The Netherlands: Van Oord Wins Luchterduinen Offshore Wind Farm Contract
Van Oord has been awarded the construction of the offshore wind park Luchterduinen. The wind farm will be located 23 kilometres from the Dutch coast between Noordwijk and Zandvoort. Client is the joint venture between Eneco and Mitsubishi Corporation. The 43 wind turbines will have a combined capaci