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Business & Finance

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Isle of Wight Receives Double Boost to Support Offshore Renewables (UK)
Business & Finance

Isle of Wight Receives Double Boost to Support Offshore Renewables (UK)

The Isle of Wight Council has received a double boost in its efforts to support the green economy. The council has secured nearly £700,000 of European money to help finance the necessary preparatory works for its Solent Offshore Energy Centre (SOEC) proposals to create tidal energy testing facilitie

about 14 years ago
Eaton to Develop Underwater Energy Generation System for U.S. Navy
Business & Finance

Eaton to Develop Underwater Energy Generation System for U.S. Navy

Diversified industrial manufacturer Eaton Corporation has announced it will help to develop an underwater, utility-scale energy generation system for the United States Navy. Eaton is contracted to support the project’s land-based engineering, and will develop high-voltage electrical distribution equ

about 14 years ago
Jee To Create 150 Jobs in UK
Business & Finance

Jee To Create 150 Jobs in UK

Jee Ltd, a leading independent multi-discipline engineering and training firm, today announced further plans for expansion to accommodate the company’s growth strategy and the creation of 150 new jobs in the UK. The company which provides a complete range of subsea engineering expertise also announc

about 14 years ago
GL Garrad Hassan Signs MOU with Taiwanese Industrial Technology Research Institute
Business & Finance

GL Garrad Hassan Signs MOU with Taiwanese Industrial Technology Research Institute

As part of Taiwan’s push to develop its offshore wind resources the Industrial Technology Research Institute (ITRI) has signed a Memorandum of Understanding with leading renewable energy consultancy GL Garrad Hassan. The offshore wind resource around the Taiwanese coast is considered excellent, with

about 14 years ago
Germany: Upper Normandy President Visits AREVA Wind
Business & Finance

Germany: Upper Normandy President Visits AREVA Wind

Alain Le Vern, President of the Upper Normandy region went to Bremerhaven in northern Germany to visit AREVA Wind that designs, assembles, commissions and maintains offshore wind turbines. Accompanied by Hélène Segura, Vice-President of the Upper Normandy responsible for vocational training, Alain L

about 14 years ago
Sweden: MMT Appoints New CEO
Business & Finance

Sweden: MMT Appoints New CEO

Stefan Eliasson was appointed MMT’s new Managing Director in 2012. After 11 successful years at the Swedish shipping company TransAtlantic and after years of business relations with Ola Oskarsson (founder of MMT), Stefan Eliasson became the new leader of MMT. Stefan has extensive experience of the s

about 14 years ago
Denmark: Ramboll Member of EU Funded InnWind.EU Project
Business & Finance

Denmark: Ramboll Member of EU Funded InnWind.EU Project

Ramboll is part of the winning consortium for a new R&D initiative from the European Commission in the field of wind energy named innWind.EU. With a total project budget of €20M and a duration of 5 years it is one of the largest projects in that area in the decade. The consortium comprises 27 leadin

about 14 years ago
Germany: Streamlining CE Marking Process Under LVD
Business & Finance

Germany: Streamlining CE Marking Process Under LVD

CE marking is an essential part of bringing products to the European market. It gives consumers the assurance that the product complies with European legislation and enables the free movement of those products throughout the European Economic Area (EEA). To enable manufacturers to more quickly and e

about 14 years ago
Reef Subsea Power & Umbilical Sets Big Goals (UK)
Business & Finance

Reef Subsea Power & Umbilical Sets Big Goals (UK)

Reef Subsea Power & Umbilical, a subsidiary of Reef Subsea Group, has set ambitious goals for the next couple of years, targeting a GBP 80-100 million turnover. This is mainly driven by its recent big success in working on offshore wind farms. Namely, Reef Subsea Power & Umbilical signed a contract

about 14 years ago
UK: European Offshore Wind Development Shaken by Political Uncertainty
Business & Finance

UK: European Offshore Wind Development Shaken by Political Uncertainty

Instability in the political approach to the offshore wind power development, especially the one in the UK, is shaking the European intention to make this renewable source the largest part of its planned climate change goals. The economic crisis has made an impact on political views about the viabil

about 14 years ago
Germans Pay for Connection of Unbuilt Offshore Wind Farms
Business & Finance

Germans Pay for Connection of Unbuilt Offshore Wind Farms

Offshore wind farms that are not even built yet, but their link to the national electricity grid is being developed, are putting more expenses on German customers. Lex Hartman, a member of the TenneT TSO GmbH management board, told Bloomberg that German customers are paying millions of euros for the

about 14 years ago
Siemens Needs Cost Reduction to Achieve Ambitious Goals (Germany)
Business & Finance

Siemens Needs Cost Reduction to Achieve Ambitious Goals (Germany)

At its management conference in Berlin, Siemens AG presented the basic structure of its new company-wide program to some 600 top executives. Despite a difficult market environment, the company expects to achieve one of the best operating results in its history in fiscal 2012. Nevertheless, Siemens w

about 14 years ago
Germany: Allianz Sees Financial Opportunity in Offshore Wind Investment
Business & Finance

Germany: Allianz Sees Financial Opportunity in Offshore Wind Investment

Offshore wind projects are of big interest to Allianz, due to growing pressure that low interest rate environment puts on the insurance company. Consequently, Allianz needs to cut costs in order to get higher returns on investment, Reuters quotes the company’s CFO Oliver Baete. The investment could

about 14 years ago
Offshore Wind Provides Funding for Cart River Dredging (UK)
Business & Finance

Offshore Wind Provides Funding for Cart River Dredging (UK)

Building plans for a renewable energy industry hub on the banks of the River Cart have received a GBP 350,000 boost, reports the Evening Times. The National Renewables Infrastructure Fund, which has been established to support the development of port and near-port manufacturing locations for offshor

about 14 years ago
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