Business & Finance
UK: Offshore Wind Developers to Face Funding Delay
After HM Treasury released the Autumn Statement last Wednesday, industry experts have raised concerns regarding the funding of the Green Investment Bank, according to the Yorkshire post. This report shows that the government will miss its target of getting debt falling as a percentage of GDP by 2015
India Holds Potential of 8000 MW Tidal Energy, Study Says
The Minister of New and Renewable Energy, DR. FAROOQ ABDULLAH informed Lok Sabha that in order to exploit tidal power, Government of Gujarat has signed a Memorandum of Understanding in January 2011 for establishing a 250 MW tidal power project in Gulf of Kutch with Gujarat Power Corporation Ltd. (GP
France: EDF Requires Offshore Wind Consultancy Services
EDF is looking to award contracts for consultancy services for two proposed offshore wind farms in France, one at Fecamp and the other at Courseulles-sur-Mer. The work is related to assistance to the special committee for public consultations (CPDP), which includes design, editing, layout, printing
UK’s Offshore Wind Sector Seeks New Overseas Trade (France)
The UK’s successful offshore wind sector was promoting its expertise in Paris yesterday, as 40 British firms seek new overseas trade. UK Trade & Investment (UKTI) hosted the forum in Paris, which brought together representatives from British and French companies as well as trade associations and rep
OMM Signs Several Contracts for Offshore Wind Interconnector Project (Germany)
Offshore Marine Management (OMM) signs several contracts with cable suppliers and installers for upcoming Offshore Wind Interconnector installations. In the beginning of 2012, OMM signed several contracts with cable suppliers and installers for the upcoming Offshore Wind Interconnector installations
Germany: Offshore Terminal Bremerhaven to Be Built
Bremen’s Senate decided to ensure funding for building of the Offshore Terminal Bremerhaven (OTB) in an effort to achieve energy turnaround and create jobs. The Senate made the required landmark decision for project’s financing at a meeting on December 4, according to the press release published on
UK: Energy Industry Urges Companies to Use Opportunities of Offshore Renewables
South West companies attending the Offshore Energy Supply Chain Event, hosted by RWE and Regen SW at Sandy Park, Exeter, have been urged to target the offshore wind and marine energy sectors to develop new business opportunities and secure a share of this multi-billion pound industry. Over 160 poten
Norway: Kongsberg Maritime Acquires InTurbine
Kongsberg Maritime AS has acquired Trondheim, Norway based InTurbine. The specialist renewable and wind power consultancy firm joins Kongsberg Maritime’s Merchant Marine Division in Trondheim as of December 1st 2012 and will support the operations and expansion of Kongsberg Wind Farm Management. The
Germany: Wind Power Growth Driver for TÜV SÜD
International service corporation TÜV SÜD is continuing its dynamic growth: its consolidated revenue will grow by a minimum of 8 per cent in 2012, to over EUR 1.8 billion (2011: EUR 1.68 billion). TÜV SÜD also expects a further rise in income (EBIT) (2011: EUR 160 million). The number of employees c
FoundOcean Opens New Sales Office in Bremen, Germany
FoundOcean, a global leader in subsea and offshore grouting, today announced the opening of its new office in Bremen, Germany. Following exceptional growth in the last two years, the company is now expanding to maintain its presence in one of the key markets for the offshore wind industry. “Germany’
Germany: Munich Re Insures Serial Loss Risk on Offshore Wind Turbines
Munich Re has become the first insurance group to offer serial loss cover for offshore wind energy units. Corresponding cover for a North Sea wind farm has been signed by Marcus A. Wassenberg, Chief Financial Officer of manufacturer REpower, Dr. Thomas Blunck, member of Munich Re’s Board of Manageme
Blue Water Shipping Grows Along with Offshore Wind Sector (Denmark)
The number of offshore wind farms will expand in the years to come. With Wind Logistics being one of Blue Water Shipping’s major business areas, the company is represented by own offices in Denmark, France, Great Britain, Northern Ireland and Germany. “The offshore wind sector is in an exciting deve
Langlee Wave Power Announces Establishment of Spanish Subsidiary
Langlee Wave Power announces the establishment of its Spanish subsidiary Langlee Wave Power S.L.U. It was established as a ZEC company in Las Palmas in 2012, with the purpose to move all the R&D activities of the Norwegian company to the island. Currently, it is employing one Canarian engineer and t
Germany: PNE WIND Approves Share Buyback Programme
PNE WIND AG’s Board of Directors resolved on 3rd December 2012 to buy back up to 4,126,700 of its own shares on the stock exchange during the period from 4th December 2012 to 30th June 2013 (anticipated). The buyback volume amounts to approx. 9 percent of the company’s total share capital. The Board