Business & Finance
USA: Revenue from Smart Grid Renewables Integration to Reach USD 4 Billion
Smart grid technologies are often portrayed as being vital to efforts to increase renewable energy production, yet this aspect of the smart grid is the least developed. While there are multiple companies currently active in this market, their efforts have largely been relegated to PowerPoint present
China Leads Way in Global Wind Energy Growth
Global installed wind power capacity continued to grow in 2011, albeit at a slightly lower rate than in 2009 and 2010, according to new research conducted by the Worldwatch Institute for its Vital Signs Online service. The world now has approximately four times the installed wind capacity that it di
Germany to Invest Billions in Renewable Energy Transfer
Plans made between Germany’s government, the federal energy network and grid companies to distribute renewable energy by constructing new electricity lines by 2022 will allow the country to safely shift from nuclear power to renewables. According to Reuters, the plan involves an investment of tens o
UK: Hampshire Offshore Wind Boosts Marine Sector Companies Business
The UK Government’s investment in offshore wind industry gives a chance for marine sector companies to take advantage of the opportunities that the industry provides. Millions of pounds being invested in new offshore wind farms that need servicing and maintenance give the Hampshire-based marine sect
UK: MTL Doubles Export to GBP 7.3 Million
After relocating to Brinsworth to a state-of-the-art manufacturing facility, MTL Group has almost doubled its export, the Rotherham Business News reports. The company has invested GBP 1million in new machinery that has enabled it to become a specialist in volume manufacturing, allowing it to make a
China: Ming Yang Announces Q1 Preliminary Unaudited Financial Results
China Ming Yang Wind Power Group Limited (“Ming Yang” or the “Company”), a leading wind turbine manufacturer in China, announced its preliminary unaudited financial results for the first quarter ended March 31, 2012. The Company’s financial statements for the first quarter of 2012 have not been fina
UK: Narec to Award Contracts for Blyth Offshore Wind Demonstration Site Development
Narec has launched a procurement process to identify industry partners to collaborate on the build out of the 100MW Blyth Offshore Wind Demonstration Site, off the coast of Northumberland, UK. The project, the largest demonstration site in the UK, is now in a position to leverage the additional inve
UK: Costain Signs Health and Safety Accord
Costain has signed up to a health and safety accord designed to set standards for the offshore wind and marine energy sector. The agreement was signed for Costain by Chief Executive, Andrew Wyllie, and on behalf of Gravitas Offshore, the consortium comprising Costain, Hochtief and Arup, by Managing
USA: Ohio Third Frontier Commission Declines Funding LEEDCo
Lake Erie Energy Development Corp. (LEEDCo) was declined a USD 5 million worth funds for Lake Erie offshore wind farm proposal. Even though the Ohio Department of Development suggested they grant the money, the Third Frontier Commission did not vote in favour, the Crain’s Cleveland news portal infor
Japan: Marubeni and INCJ Complete Acquisition of Seajacks
Marubeni Corporation (Marubeni) and Innovation Network of Japan (INCJ) have jointly completed a deal after closing the financing for the acquisition of Seajacks International Ltd. (Seajacks), whose purchase had been agreed upon with Riverstone Holdings LLC. The finance was provided through a syndica
Carbon Trust to Run Scottish GBP 18 Million Marine Energy Scheme
Carbon Trust will help run a new multi-million pound fund to help develop Scotland’s first commercial wave and tidal power arrays. Addressing the AllEnergy conference in Aberdeen, First Minister Alex Salmond launched Scotland’s Marine Renewables Commercialisation Fund (MRCF). The First Minister said
UK: Iberdrola Focuses on Offshore Wind Future
Iberdrola is committed to promoting offshore wind power as one of the basic pillars in its future growth. It is determined to spearhead the development of this technology, which it considers to be the second revolution in renewable energies, just as it did in the case of onshore wind power, where it
Australia: Wood Group Kenny to Design Combined Wind-Wave Energy Generation Facility
Wood Group Kenny has been awarded a three-year contract by Marine Power Technologies Pty Ltd (”MPT”) to provide project management and engineering support services for the development of MPT’s Energy Island (”EI”) concept on the southern coastline of Australia. Six or more Energy Islands may be link
UK: Upper Clyde Dock GBP 1.3 Million Transformation to Boost Renewable Energy Sector
A strategic dock, ten miles from Glasgow City Centre, is to undergo a £1.3 million transformation to create a key location for Scotland’s burgeoning renewable energy sector. The 53 hectare Westway industrial site and adjoining dock in Renfrewshire is to be one of the first beneficiaries of Scotland’