Business & Finance
Application Deadline Approaches for Funding UK Offshore Wind Feasibility Studies
Innovative UK companies are invited to bid for Government funding of up to £11.2m for feasibility studies, development and demonstration projects and knowledge transfer partnerships that stimulate innovation in the UK offshore wind and marine energy supply chains. Grant funding of £10m, from the UK’
USA: Baryonyx Corporation to Negotiate Contract for Gulf of Mexico Offshore Wind Project
Baryonyx Corporation announced that it has been invited to negotiate a contract with the U.S. Department of Energy for an initial award under the Wind and Water Power Program. Subject to the outcome of environmental and feasibility assessments, a further phase would see a three-turbine, 18MW wind fa
USA: OPT Releases Financial Results
Ocean Power Technologies, Inc. (“OPT” or “the Company”) announced financial results for its fiscal 2013 second quarter and the six months ended October 31, 2012. Highlights OPT reported an operating loss of $9.2 million for the six months ended October 31, 2012, relatively unchanged from the compara
Ireland: Arklow Marine to Build Wind Farm Service Vessel for Gardline
Arklow Marine Services announces a new build contract for Gardline in the U.K. This 19 metre wind farm service vessel is a totally new design and is constructed with a flexibly mounted deckhouse and wheelhouse in order to reduce noise absorption. Work will commence in early January and delivery date
AREVA, STX France Cooperate on Optimizing Offshore Wind Turbine Foundations
AREVA and STX France today announced a cooperation agreement with a view to optimizing foundations for offshore wind turbines. AREVA will bring its expertise in design and production of wind turbines and STX France its know-how in specialized offshore foundations, with a view to strengthen competiti
Switzerland: ABB Repositions Power Systems Division
ABB said that following its strategic review of the Power Systems (PS) division it is repositioning the business to secure higher and more consistent profitability. The review, which was communicated following ABB’s Q3 results, was triggered by performance that has been volatile and below management
Scotrenewables Secures GBP 7.6 Million for Tidal Energy Project (UK)
Orkney-based tidal energy firm, Scotrenewables Tidal Power, have secured £7.6 million worth of foreign investment as they look to design, build, install and test a next generation tidal turbine, the SR200. The private funding from overseas adds to the £1.24 million grant the company received from th
UK: Drain Center to Supply Specialist Pipework for Humber Gateway
Drain Center has won a contract to supply specialist pipework for a new £736 million high-profile wind farm construction project, located approximately eight kilometres off the East Yorkshire coast. The 12 month contract, currently valued at £300,000, saw Drain Center selected by PBU (UK) Ltd of Sed
Siemens to Generate More than Half Savings from Energy Division (USA)
Siemens AG has revealed that its Energy division will generate EUR 3.2 billion in savings in 2013 and 2014, which is more than a half of the company’s overall planned savings of EUR 6 billion. During an analyst event held at its gas turbine factory in Charlotte, North Carolina, Siemens told analysts
Germany: Order for Second Jack-Up Vessel Cannot Currently Be Filled
In June 2012 the creditors’ committee voted in favour of an offer by the VeKa Group of the Netherlands to take over the Sietas shipyard. Despite six months of intensive negotiations, it was not possible to complete the deal. The reason is that the Sietas shipyard currently has only one order for a n
USA: Congress Urged to Support Wind Power
35 Minnesota business leaders, elected officials, sportsmen, and environmental groups delivered a letter to Congress asking them to extend the Renewable Energy Production Tax Credit (PTC) and the Offshore Wind Investment Tax Credit (ITC) before they expire at the end of the year. “Clean energy, incl
UK: AJ Woods Engineering Secures GBP 2.28 Million for New Jobs
An engineering firm has secured £2.28million to deliver new jobs for Harwich and respond to significant opportunities in the offshore wind sector. AJ Woods Engineering, which is based in the town, is to receive the money from the ‘Growing Places Fund’ following a successful bid to the South East Loc
Germany: Windreich Appoints Peter Vest to Board
Following the business development of Windreich AG with a particular consideration of the end customers, Dr. Peter Vest was appointed to the Board on marketing and business development. Willi Balz, founder and CEO of Windreich AG says that Dr. Vest brings his many years of experience as a managing p
Norway: DNV Appoints New Group Vice President of Communications and External Relations
DNV has appointed Stefan Nerpin as its new Group Vice President of Communications and External Relations for the DNV Group. Mr Nerpin brings with him extensive international leadership experience and a strong track record of corporate communications and branding. As Group Vice President of DNV’s gro