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
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
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
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
Shoreham Port Loses with Bid for Offshore Wind Project (UK)
As E.ON confirmed that the Newhaven Port will be the O&M site for the Rampion offshore wind project, the Shoreham Port fell out of the picture as well as its ambitions to create 85 engineering jobs. The Shoreham Herald news site says that Peter Davies from Shoreham Port thought that its bid presente
Scotland’s Renewable Energy Investment Fund Opens for Business
A multi-million pound renewable energy investment fund (REIF), geared to stimulating greater levels of private finance into innovative green power and renewable district heating projects in Scotland, was opened for business by First Minister Alex Salmond today. As senior figures from green energy, f
Areva: UK Companies Should Use Current German Offshore Wind Market
As Areva prepares for its meet-the-buyer event at OrbisEnergy on October 23, the company advises wind industry suppliers to use the German offshore wind market now, in order to get the UK’s Round 3 contracts more easily. Head of the Areva’s UK wind sector, Julian Brown, is quoted by the EDP24 news s
Denmark: Ramboll Acquires LAC Engineering
Ramboll has acquired Danish wind energy consultancy LAC engineering, which was established in 2008. The company specialises in the optimisation of the relation between the energy production and a cost-effective design basis for on- and offshore wind turbines. Globally, few companies offer the same c
Singapore: Keppel Offshore & Marine to Strengthen Leadership, Growth
The Board and Management of Keppel Offshore & Marine Ltd (Keppel O&M) announces several new appointments as part of ongoing efforts to put in place a strong leadership team to continually reinforce the Group’s growth strategy. Mr Michael Chia, 59, has been appointed Managing Director (Marine) of Kep
UK: SMD, BORD Team Up for Marine Renewables Development
Soil Machine Dynamics Limited (SMD) and Blade Offshore Services Limited (BOS) have completed a deal which sees the creation of a joint venture, SMD-BORD, and joint development of a novel technology for the installation of marine renewables devices on the seabed. The unique technology makes use of a
UK: IMCA Releases Diving on Offshore Renewable Energy Projects Regulations and Guidance
The International Marine Contractors Association (IMCA) has produced two information notes – ‘Diving on Offshore Renewable Energy Projects: Regulations and Guidance’, and ‘The Inspection and Auditing of Manned and Unmanned Barges’ which are of use, and interest, to those involved with offshore renew
UK Government Could Make Offshore Wind Investors to Backtrack
Big investors in the UK renewable energy sector have sent a letter to the Government, stating that they could stop their investment if the support for the sector decreases. Latest discussions within the coalition Government over support for the offshore wind have made the sector’s global players con
Australia: CWE to Receive R&D Tax Refund
Wave energy developer Carnegie Wave Energy Limited (CWE) announces that it expects to receive a cash payment under the new Australian Federal Government’s Research and Development Tax Incentive of approximately $1.1m in the coming weeks. The new Research and Development (R&D) tax incentive replaced
Norway: Seatower Raises Funds with Electranova Capital
Electranova Capital, the new energy technology fund launched by Idinvest Partners, in partnership with the global utility EDF and the support of Allianz, has invested in the Norwegian company Seatower, which develops the Cranefree technology for offshore wind foundations. Seatower’s Cranefree concep