Business & Finance
UK: RES Could Buy Stakes in Offshore Wind Projects
A UK-based renewables energy developer Renewable Energy Systems Ltd. (RES) could buy shares in offshore wind projects. Chris Morgan, CEO of the RES Offshore unit, said that the involvement in offshore projects in the future is a strategically interesting area that the company will look to get into,
British Embassy Awards Contract for UK-Korea Ocean Energy Technology Co-Operation
The British Embassy in Seoul has awarded a contract to the Korea Maritime University (KMU) and IT Power (ITP) to establish the “UK-Korea Ocean Energy Technology Co-operation Project”. This follows closely after the accord between Renewable UK and the Korean Wind Energy Industry Association (KWEIA) w
EU Energy Ministers to Move Beyond 2050 Energy Roadmap
EU Energy Ministers meeting in Luxembourg today are expected to agree: – a substantially higher share of renewable energy beyond 2020 (defining it as a “no regret option”) – that developing post 2020 strategies is necessary and urgent, and to encourage work to define the 2030 policy framework “The E
Denmark: Vestas Maintains Jobs by Divesting Towers Factory to Titan Wind Energy
In January 2012 Vestas decided to close its tower factory in Varde, Denmark. Now, after running a competitive divestment process, Vestas has entered an agreement with Chinese Titan Wind Energy (Suzhou) Co., Ltd., a long term partner and supplier to Vestas, to sell off the Danish facility and thereby
UK: 3sun Inspection Services Secures Over GBP 1 Million in Contract Wins
3sun Group, a specialist provider of products and services to the energy industry, has announced that its recently launched inspection division, 3sun Inspection Services, has secured over £1 million in contract wins. The Group is exhibiting at Renewable UK’s Global Offshore Wind show 13-14 June at s
Norway: VisSim Acquires Offshore Personnel Management Solutions Company
The Norwegian Vessel Traffic Management System supplier VisSim, has acquired the Dutch based Offshore Personnel Management solutions company, Offshore Profile LTD. Offshore Profile was founded in 2010 to meet the growing demand of tracking personnel in offshore Wind farms. With many years of experie
UK: CWind Signs Three New Owner-Operators to Boat Share Scheme
CWind has recently signed three new skippers to its boat share scheme and placed orders for three 19m MPCs with CTruk Boats. These vessels will be built this year and will all work with CWind on charters, going straight on to contract on the UK’s east coast. CWind already has four vessels running un
South Korea: POSCO Signs Strategic MOU with GE
POSCO signed a strategic alliance MOU with GE on 31 May to cooperate in the energy and infrastructure fields. POSCO and GE selected 5 fields, including steel material supply and equipment production in the energy field, joint advance in the private power generation business, joint development of inf
Germany: Prime Capital to Raise USD 750 Million for Renewable Energy Investment
Prime Capital AG plans to raise EUR 600 million (USD 750 million)to invest in European renewable energy projects, the Bloomberg informs. It will raise the capital from pension funds and insurance companies and use it to finance 400MW of plants which are already operational or on their way to grid co
Scotland’s Renewable Energy Plans Likely Ten Years Late
Even though the Scotland’s First Minister is planning to meet 100 % of Scotland’s electricity needs from renewable energy, North Sea industry officials think this will be hard to achieve. The leaders from the oil and gas industry will tell MSPs this week that the renewable energy plans are likely to
AREVA Director Appointed to Board of RenewableUK
Julian Brown, AREVA Wind’s Country Director for the UK, has been elected to the board of RenewableUK, the country’s leading renewable energy trade association. He will be one of the 12 board members of the body which represents the UK wind and marine (tidal and wave) industry. “It is an honour to be
Norway: Atlantic Offshore Sells ‘Ocean Scout’ Vessel
Atlantic Offshore’s oldest PSV is now sold and delivered to new owners. The vessel will leave the offshore supply market and enter the windmill support market. It was sold slightly above book value. Atlantic Offshore, previously known as Sartor Offshore AS was established in 2008. The company acquir
UK: Offshore Wind Could Push Teesside Up the Scale
In DECC’s recently announced results the North-East region came fourth from last with GBP 137.5 million of investment in renewables during 2011-12 period, creating 1,323 working positions, writes the nebusiness.co.uk news site. However, business chiefs say Teesside is playing the “long game”, expect
USA: M3Wave Surpasses USD 500.000 Mark in Grant Awards
M3Wave announced that the company has surpassed the $500,000 mark in grant awards in the last 18 months. M3 Wave Energy Systems LLC was formed to commercialize the DMP ocean power device. Funding for M3 Wave Energy Systems LLC is predominantly a combination of US Government grants and private invest