Business & Finance
UK: Steel Engineering Clasps SHI’s Offshore Wind Contract
Steel fabricator Steel Engineering, headquartered in the west of Scotland, has clasped a deal from Korean group Samsung Heavy Industries (SHI) to produce offshore jackets and ensure steelwork for a wind turbine generator system under development at the Energy Park at Methil, Fife, the Scotsman infor
Germany: Siem Offshore to Install Grid Connection System for Innogy Nordsee 1
Siem Offshore Contractors GmbH (SOC) and J-Power Systems Corporation (JPS) have been awarded a contract with TenneT TSO GmbH (TenneT). The contract is for the supply, installation and commissioning of the 155kV grid connection system for the Innogy Nordsee 1 Offshore Wind Farm (Cable System) project
UAE: Lamprell Appoints New CEO
Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announces that James Moffat has been appointed as Chief Executive Officer effective March 1st, 2013. Prior to his appointment, Mr Moffat was the exe
UK: Ecosse Subsea Systems Doubles Turnover in Third Successive Year of Growth
Subsea technology company, Ecosse Subsea Systems Ltd, (ESS) has seen revenue in the last financial year more than double to £4.85 million and forecasts turnover in the current year will pass the £6.5 million mark. The Aberdeen-based specialist engineering firm will post pre-tax profit of £600,000 to
UK: UTEC Announces Acquisition of Geomarine
Leading independent offshore survey company UTEC has announced the acquisition of Geomarine Ltd. UTEC – which is based in Houston, Texas and has offices around the world including Aberdeen, Scotland – has acquired Geomarine Ltd which is headquartered in Newcastle-upon-Tyne with operational offices i
USA: O’Malley to Reintroduce Offshore Wind Bill
Gov. Martin O’Malley will again try to introduce a similar bill on ensuring funding for an offshore wind farm which failed twice to make it out of the General Assembly, Gazette Net reports. According to the bill, the project that could cost USD 1 billion would not increase residents’ bill by more th
Expert Team to Help Scottish Green Energy Projects Secure Funding from GIB
An expert team will help Scottish green energy projects secure funding from the Green Investment Bank (GIB) as it was launched yesterday. The team, to be led by Marcia Campbell, former Group Operations Director of Standard Life, will identify and support potential Scottish bidders to make the strong
Belgium: European Parliament Agrees to Allocate EUR 6 Billion for Clean Energy Research
The European Parliament’s Energy and Research Committee (ITRE) has voted today to allocate three-quarters of the next energy research budget to renewables, energy efficiency, smart grids and storage. This would make a total of 6 billion Euros, including the Intelligent Energy Europe programme (1), o
Sweden: Vattenfall Presents New Financial and Sustainability Targets
In an extraordinary general meeting, new financial targets were established for Vattenfall. The company also presented its new sustainability targets. For example renewable energy growth rates should be higher than the market. The following new financial targets were established: Profitability targe
UK Green Investment Bank Officially Opens for Business
Business Secretary Vince Cable has declared the UK Green Investment Bank plc (UK GIB) officially open for business and announced two new investments. The ground breaking institution has been funded with £3 billion of Government money and will mobilise additional private capital to make a significant
Australia: Carnegie Completes USD 6.06 Million Perth Wave Energy Project Funding Initiative
Wave energy developer, Carnegie Wave Energy Limited announced the completion of a successful $5.8m (USD 6.06m) funding initiative for its Perth Wave Energy Project (PWEP) from a combination of Government and private funding. In line with its stated strategy of commercialising its CETO wave technolog
USA: DOE Releases Small Business Innovation Research Funding Opportunity Announcements
The Department of Energy announced a series of Small Business Innovation Research (SBIR) Funding Opportunity Announcements (FOA). In the area of Wind Power development, the Department seeks to award funding for the development of a met-ocean package for offshore wind. Awarded under Topic 10a, this f
Denmark: Vestas Negotiates Construction of 8MW Offshore Wind Turbine with MHI
Vestas Wind Systems A/S and Mitsubishi Heavy Industries Ltd.(MHI)are negotiating on a plan by Vestas to build an 8MW offshore wind turbine. It would be the largest offshore wind turbine with approximately 30% more power than the current record-holder, Siemens’ 6MW turbine. This information came yest
UK: Bristol Channel Holds Great Renewable Energy Potential, Says Report
A new report launched today suggests that a combination of innovative technologies could generate significant low carbon energy, and economic benefits from the Bristol Channel, without the need for a large scale barrage. The report has been issued by renewable energy experts Regen SW and consultancy