Business & Finance
Scotland Report Outlines Investment Programmes in Offshore Renewables Sector
The Scotland Report 2012 is now available. Entitled ‘Investing in Tomorrow, Working Hard Today’, it outlines investment programmes in key sectors of the Scottish economy such as offshore renewables and marine leisure. The publication of the Scotland Report and the UK Annual Report have been brought
Spain: International Growth Helps Iberdrola Maintain Stable Profits During Crisis
IBERDROLA is one of the Spanish industrial groups that has best managed the effects of the current economic crisis. This reflects a strategy initiated just over a decade ago focused on international growth, with 54% of Ebitda originating outside Spain in the first quarter of this year, and also on c
UK: WaterMota Secures Orders at Seawork
Propulsion specialists, WaterMota took several orders for Doosan engines at Seawork this year – revealing that the emphasis is still on the growing market in windfarm support vessels. Mike Beacham, managing director of WaterMota, said: “Many of these vessels are in use 24 hours a day, working in ext
UK: P&O Eyes New Offshore Wind Opportunities
The Dover-based ferry operator P&O says that the Round 3 offshore wind farms in the North Sea could bring an opportunity for the company to expand its fleet, as it now has one vessel offering technical support for the Lynn and Inner Dowsing wind farms. The current vessel, which operates out of Immin
Japan Announces Feed-in-Tariff for Wind Power
Japan, the world’s third largest economy, has firmly shifted its future energy profile towards renewable energy technologies with a decision on Monday to implement a feed-in-tariff for wind power and other renewables. Reuters reported that the new incentives for renewable energies could unleash bill
Sweden: Vattenfall to Invest EUR 4.2 Billion in Offshore Wind Projects
Vattenfall will invest a quarter of its planned EUR 16.6 billion into European offshore wind projects through the 2012-2016 period. Probably, the most of the EUR 4.2 billion amount will be invested in offshore wind sector in Germany and the UK, the Windpower Monthly news site informs. While waiting
Brazil: Eletrobras to Take Stake in Chinese Offshore Wind Project
Government-controlled Centrais Eletricas Brasileiras SA, or Eletrobras, could team up with China’s Three Gorges Corp. on wind-power projects, the Fox Business news site writes. Namely, Brazilian officials signed an agreement in February to work with Three Gorges which opened the possibility for comp
Scottish Companies Invest in Business Growth Through Innovation
Companies across Scotland are investing in their business growth through innovation, according to the latest figures from Scottish Enterprise (SE). The figures, unveiled at today’s Scottish Technology Showcase, show that despite economic conditions, Scottish companies are continuing to recognise the
UK: Deals Made at Seawork Reflect Commercial Marine Industry Enthusiasm
Seawork 2012 saw a number of major deals being done and several high specification craft being officially handed over. Seawork has become not only an efficient one-stop-shop for seeing what’s new on the market, specifying future requirements and placing orders but also the event of choice for exhibi
Oceaneering to Build GBP 15 Million Facility in Rosyth, Scotland
Oceaneering has unveiled an USD 23.5 million (GBP 15.2 million) investment into a new facility at its base in Rosyth, which will allow the company to dive into the offshore renewable energy market, the Scotsman informs. The American-based company plans to construct a larger storage space where it wi
UK: Humber May House New Turbine Factory
French turbine manufacturer Areva Wind has announced it is considering four possible sites along the northeast coast of Britain for a new factory, and the Humber is understood to be on the shortlist of possible locations, the Yorkshire Post writes. The Humber is competing against other port sites on
UK: Chinese to Increase Offshore Wind Investment
A joint initiative by Norfolk, Suffolk and Essex counties to work with China in order to create more jobs by making new export and inward investment opportunities brought a key visit by a Chinese delegation of world-leading manufacturers of wind farm equipment. The multi-million pound investors from
UK: Ambienta Acquires a 35 Percent Stake in FoundOcean
FoundOcean announces that Ambienta SGR, Europe’s largest private equity fund focused on the environmental sector, has signed an agreement to acquire a 35% stake in the company. Jim Bell, Managing Director at FoundOcean explained, “We are delighted that Ambienta has chosen to invest in FoundOcean as
Portugal: Investors Inaugurate First Floating Wind Turbine
Principle Power, Energias de Portugal, Repsol, A. Silva Matos (ASM), Vestas Wind Systems A/S and InovCapital announced the inauguration of Portugal’s first offshore wind turbine on June 16th, 2012. The turbine is installed on an innovative floating foundation called the WindFloat. In addition to bei