Business & Finance
Northern Ireland Announces Subsidy Levels
Last week Northern Ireland announced the subsidy levels intended for renewables. Support for the onshore wind will be dropped from 1 ROC to 0.9 ROC till 2016/17 with the possibility of further review from 2014/15. For the offshore wind there will be no change until 2015/16 and 2016/17 when the 2 ROC
UK: Gurit Dedicates to Success
Recent increase in support for Wave & Tidal energy in the UK, up from 2 ROCs to 5 ROCs, will stimulate the marine sector. Smart companies are positioning themselves to succeed in this emerging sector now. Tidal Today, the leading think tank providing independent news and analysis for tidal energy, i
USA: Fluor Expects Fast Resolution of Greater Gabbard Dispute
Fluor held a second quarter 2012 conference call yesterday. The company’s management reviewed results and discussed the trends seen in the second half of the year. Among other things, Fluor’s Chairman and CEO David Seaton commented on Greater Gabbard offshore wind farm, saying that the project is “s
UK: JDR Receives GBP 15 Million to Boost Export
Teesside based subsea cable specialist has been awarded a GBP 15 million fund for an export drive, reports Gazette Live. The company said that the multi-million fund from HSBC, which is backed by Export Credit Guarantee Department, will help them bid for oil, gas and renewables contracts on the inte
UK: SSE Increases Its Share in Wind Towers Ltd
SSE has agreed to acquire from Marsh Wind Technology Ltd its 40.05% share in Wind Towers Ltd, taking SSE’s total shareholding in Wind Towers Ltd to 80.1% The remaining 19.9% of ordinary share capital is held by Highlands and Islands Enterprise. The transaction is expected to be fully completed in th
USA: New Bedford Plans to Seize Offshore Wind Advantages
New Bedford sees offshore wind industry as one that can contribute to its employment rate increase. Following the growth in number of proposals for wind farms off the New England coast, the officials plan to make the city a hub for assembling and transporting wind turbines. New Bedford has been chos
USA: Catch the Wind Rebrands to BlueScout Technologies
Catch the Wind Ltd., providers of predictive Optical Control Systems (OCS) for optimized wind energy generation, yesterday announced the complete rebrand of the company, now operating through its wholly-owned subsidiary (formerly Catch the Wind, Inc.) as BlueScout Technologies, Inc. Combined with it
Major International Firms Invest in Scottish Offshore Renewables
Scotland’s growing reputation for the development of pioneering wind and wave and tidal renewable technologies is attracting many major global players who are establishing research and development bases in the country. Over the past 12 months, international companies such as Gamesa, Mitsubishi, Sams
Scottish Government Launches Smart Grid Strategy
The Scottish Government has launched a smart grid strategy to capitalise on its expertise in this technology and to support the country’s transition to become a low carbon economy. The strategy plans to create 12,000 new jobs in this sector by 2020 by encouraging smart grid adoption and developing S
Germany: AMBAU, DOTI Sign Offshore Wind O&M Contract
AMBAU Windservice GmbH, a subsidiary of AMBAU, one of the leading manufacturers of tower and steel foundation structures for offshore and onshore wind turbines, has signed a contract with DOTI to provide repair and maintenance work for its twelve 5 MW offshore wind turbines. The Nordic Market news s
Sweden: Vattenfall’s Profit Increases to USD 129 Million
Sweedish energy company, Vattenfall, has released second quarter 2012 results. Net sales amounted to SEK 36,703 million (40,443) for the second quarter and SEK 85,697 million (92,311) for the first half of the year. For continuing operations, i.e., excluding divested operations primarily in Belgium,
Germany: Windreich Continues as Planned
Windreich AG, the successful project management and developer of the offshore wind park in the German North Sea will implement the three wind parks – Global Tech I, MEG 1 and Deutsche Bucht – as planned. Chairman of the Board of Directors of Windreich AG, industrial engineer Willi Balz, explained th
Australia: Carnegie Makes Progress on Commercial Demonstration Project
During the quarter Carnegie Wave Energy Limited made significant progress on its commercial demonstration project, the Perth Wave Energy Project. In addition, Carnegie continued to make technical and commercial progress on its proprietary CETO wave energy technology and commercial site development.
The Netherlands Strengthens Business Links with Norfolk
Business links between Norfolk and the Netherlands were strengthened during a recent visit to the county by the Dutch Ambassador to the UK. Among topics discussed was a proposal for an EU-funded Knowledge and Innovation Community in Food, strengthening the existing links between the Institute of Foo