Business & Finance
USA: Ocean Power Technologies Elects New Director
Ocean Power Technologies, Inc.(OPT), a leading wave energy technology company, today announced that Terence J. Cryan was duly elected to the Company’s Board of Directors at the Company’s Annual Meeting of Stockholders held on October 4, 2012. In addition, Thomas J. Meaney retired from the Board of D
UAE: Lamprell Announces Board Changes
Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announces that Nigel McCue is standing down as Chief Executive and as a director of the Company. Peter Whitbread, former Chief Executive who was wit
UK: DONG Energy to Develop Offshore Renewables Opportunities in North West Europe
Today Benj Sykes, representing DONG Energy’s Wind business, will outline the vision of the new norstec group that was launched by the Prime Minster David Cameron. As a market leader in offshore wind and with all of our offshore wind farms based in the North West European region, DONG Energy is alrea
London Array Construction Contains Too Small UK Input
The construction of the London Array offshore wind farm has not brought much profit to British businesses, as about 90% of the GBP 1.5 billion spent in it went to foreign companies. The Guardian cites Chris Randle, the project manager from Siemens, as saying: “I would like nothing better than to be
UK: Two Councils Collaborate on Using Green Port Hull Advantages
Hull and East Riding councils are preparing to use the advantages that the Siemens’ planned Green Port Hull turbine assembly factory would bring. Namely, the two councils are set to organize a programme worth GBP 25.7 million for jobs and investment, as they expect confirmation of the project plans
UK: Pinsent Masons Advises Alstom on TGL Acquisition
International law firm Pinsent Masons has advised Alstom on the acquisition of Tidal Generation Limited (TGL), from Rolls-Royce Plc. TGL designs, develops and manufactures tidal stream turbines for the capture and conversion of tidal energy to electrical power and is currently operating a 500kWe con
Australian Government Grants First Milestone Payment for CWE’s Perth Wave Energy Project
Wave energy developer Carnegie Wave Energy Limited (ASX: CWE) announces that the first milestone payment under its Federal Government grant for its Perth Wave Energy Project has been approved. The payment of $248,561 plus GST is expected to be received by Carnegie in the coming days after approval f
Germany: TÜV NORD Wins Order from Siemens Wind Power
Siemens Wind Power has commissioned TÜV NORD with inspection of a series of offshore wind turbines over the coming years. TÜV NORD will inspect the lifts, cranes, hydraulic tanks and storage vessels of the wind turbines before they enter into operation. The inspections will be conducted onshore as w
UK: SeaEnergy Announces H1 Results
SeaEnergy, an innovative energy services group, has announced half year results for the six months ended 30 June, 2012. In the Annual Report for 2011, SeaEnergy’s Chief Executive and Chairman have described in some detail the changes made to the strategic direction and governance of the Company. In
Fluor Extends Hydrosphere’s Greater Gabbard Contract (UK)
Hydrosphere UK Ltd’s contract for the rental of six Cardinal buoys to mark Britain’s largest wind farm, Greater Gabbard, has been extended by Fluor Limited. Fluor – the principal contractor for the Greater Gabbard Offshore Wind Farm project – originally approached Hydrosphere in 2009 for the supply
Germany: Anbaric Could Buy Share in TenneT
Anbaric, a U.S. transmission company involved in smart grids, subsea cabling, as well as renewables, is said to be considering buying a share in TenneT. Wirtschaftswoche magazine informed on Saturday about Anbaric’s plans to invest USD 4 billion in the German transmission operator. TenneT and German
UK: Hogan Lovells Advises Lenders to Blue Transmission Consortium on GBP 110 Million OFTO Purchase
Hogan Lovells advised the bank lenders to the Blue Transmission consortium of Macquarie Capital Group Limited and Barclays Integrated Infrastructure Fund on the consortium’s successful bid to acquire and operate the transmission link to the Walney 2 offshore wind farm for £110 million. The lending g
UK: Archipelago Investments, Red7Marine Launch New Shipping Fund
London-based investment advisory firm Archipelago Investment Partners (AI Partners) has teamed up with Red7Marine, a UK based marine engineering services firm, to launch a unique shipping fund. The new fund will aim to capitalise on the sustained growth in the oil & gas, renewable energy, mining and
The Netherlands: EIB Considers EUR 500 Million Loan for Offshore Wind Project
An offshore wind project, worth a total of EUR 2.6 billion, could get a EUR 500 million loan from the European Investment Bank (EIB). The developer, Typhoon Offshore BV, plans to build the 600MW offshore wind farm 85 kilometers north of the Dutch island of Schiermonnikoog. Once built, by the end of