Business & Finance
USA: New Jersey BPU to Hold Meetings on New Offshore Wind Funding Mechanism
The Staff of the New Jersey Board of Public Utilities (BPU) will hold a stakeholder meetings February 21, 2013 for all interested parties and members of the public regarding the Offshore Renewable Energy Certificate (OREC) funding mechanism specified in the Offshore Wind Renewable Energy rules at N.
UK: Developers Downgrade Wind Turbines to Gain Profit, Energy Consultant Says
Dr Phillip Bratby, retired physicist and energy consultant, claims that wind energy developers are deliberately downgrading wind turbines with less powerful generators in order to gain profit. Turbines capable of carrying big generators are being installed, but only because they have already been bu
UK: Scira Recruits for Sheringham Shoal Offshore Wind Farm
Now that the transition from construction to operation of the Sheringham Shoal Wind Farm has been successfully achieved, Scira Offshore Energy is seeking to expand its maintenance team. Advertisements for a Trainee Mechanical Engineer appeared in the local media on 21 January 2013. HR & Communicatio
Mitsubishi Acquires 50 Pct of Dutch Offshore Wind Farm
Eneco and Mitsubishi Corporation (MC) have concluded an agreement giving MC a 50% stake in the Eneco Luchterduinen offshore wind farm. The companies have also entered into a ‘Long-Term Partnership Agreement’, signalling their intention to work together on other offshore wind energy activities in Eur
UK’s Energy Transformation worth GBP 200 Billion Needs UAE Investments
While recently speaking at the World Future Energy Summit in Abu Dhabi Greg Barker, the UK’s Minister of State for Energy and Climate Change, said that British energy transformation to renewables will cost about GBP 200 billion and that it is reliant to UAE’s investments. “The latest energy law [is]
Moventas Completes Cooperation Negotiations with Its Finnish Staff
Wind and industrial gear manufacturer and service provider Moventas Gears Oy has today completed the cooperation negotiations it started with its Finnish staff on 7 January, 2013. Moventas seasonally adjusts its capacity to match the market situation by temporary layoffs of a minimum of two weeks. M
Statoil Reduces Power Cost of Its Hywind Maine Project, USA
Statoil North America has revised its proposal for the Hywind Maine offshore wind project by reducing the cost of energy to ratepayers, which was an obstacle for the company to get an approval for the project from the Maine Public Utilities Commission (PUC). Energy cost in the revised proposal is re
AWC Selects Bechtel, Alstom to Build NJ Energy Link (USA)
The Atlantic Wind Connection (AWC), developer of the New Jersey Energy Link, the first offshore backbone electricity transmission system proposed in the United States, has selected major construction and design firm Bechtel as its Engineering, Procurement and Construction (EPC) Contractor and intern
RenewableUK Welcomes Crown Estate’s Announcement on Funding Wave, Tidal Projects
RenewableUK, the trade and professional body representing the wave and tidal energy industries, has welcomed the announcement by The Crown Estate that it will invest up to £20 million in two wave or tidal energy projects. The funding will be used to construct wave or tidal arrays (multiple devices)
Germany: Six Wind Farms under Construction
The investment for an offshore wind farm comprising 80 turbines amounts to EUR 1.5 billion, stated the German government, continuing that they cannot make any statement regarding the additional costs for delays in grid connection. Many offshore wind developers have announced that they will face dela
Crown Estate Looking to Invest in Wave, Tidal Energy Arrays (UK)
The Crown Estate announces that it is considering investing in the UK’s first wave and tidal stream array projects, in support of its strategy to encourage growth of the emerging industry. This follows a report last year which found there is potential for tens of gigawatts of wave and tidal projects
UK Marine Industry to Target Growth beyond Eurozone Horizons
Exciting opportunities to export to countries like China, Brazil and South Korea have been identified and must be grasped by the British marine industry to help them deliver growth, Business Minister Michael Fallon said. Mr Fallon was speaking at the Tullett Prebon London Boat Show as he unveiled a
Austria: STRABAG Postpones Investment Plans in Offshore Wind
The publicly listed European construction group STRABAG SE postpones its planned investments in the field of gravity-based foundations technology for offshore wind until further notice. The company had planned to spend several hundred million euros over the next few years on the construction of a fa
SgurrEnergy Expands into Germany
Leading renewable engineering consultancy, SgurrEnergy, part of Wood Group, has this week announced the opening of a new international office in Hafencity in Hamburg, Germany, bringing its total number of global offices to 10. With headquarters in Glasgow, Scotland, these recent developments see Sgu