Business & Finance
Finance Secretary Welcomes Scottish-Japanese Partnership for Oil, Gas and Renewables
Finance Secretary John Swinney today welcomed the announcement of a Scottish-Japanese partnership to invest in oil and gas and renewables opportunities in Scotland and internationally. Mr Swinney met with senior executives of Japan’s Mitsui & Co. in Tokyo as details were announced of its strategic p
Denmark: Sinovel Wind Group and Mita-Teknik Announce Large-Scale Cooperation
Sinovel and Mita-Teknik has entered into an agreement under which Sinovel purchases PLCs and software from Mita-Teknik, and the two companies will work together to develop customized control systems to serve their clients worldwide with the best products and solutions. In a close cooperation between
Energy Minister Pushes for Scotland to Become Offshore Wind Hub
In an interview for Bloomberg, Scotland’s Energy Minister Fergus Ewing announced intention of reducing corporate tax levied by the UK with an aim of bringing more investors in the oil and gas industry and laying foundations for fast-tracked development of offshore wind power. “The budget was difficu
New Danish Energy Agreement Makes Denmark Safe Investment
The Danish government has stepped up its green energy targets. That makes Denmark an even more obvious destination for wind energy investments, says Denmark’s Minister for Trade and Investment Pia Olsen Dyhr. She hosts an investor seminar on Monday at EWEA 2012 and will be available for a press Q/A
USA: BOEM Hosts Workshop in Support of Offshore Renewable Energy
More than 150 experts on U.S. and European offshore renewable energy and the oil and gas industry met in Washington, D.C., on April 11 and 12 to exchange information and build relationships in support of U.S. offshore renewable energy development. The Offshore Energy Knowledge Exchange workshop was
UK Signs MoU with Japan for Investment in Energy Generation Projects
Signing of a Memorandum of Understanding on Tuesday by the Japanese Bank for International Cooperation (JBIC) and UK Trade and Investment (UKTI), secured the UK considerable funds for low-carbon energy generation and transportation projects, including that aimed at offshore wind industry development
UK’s Clean Energy Sector Rebounded Last Year to USD 9.4 Billion
After a sharp falloff in 2010, investments in the United Kingdom’s clean energy sector rebounded last year to $9.4 billion, 35 percent higher than last year and the seventh highest among G-20 nations, according to new research by The Pew Charitable Trusts. The growth was driven in part by a 10-fold
The Netherlands: Royal Haskoning Reports Net Loss of EUR 3 Million
This year Royal Haskoning published a comprehensive report that provides an overview of some projects five new business lines undertook during 2011. They also include the reports of their support services and CSR initiatives. Last year was again one of the most challenging their industry has faced.
UK: Fluor Claiming USD 477 Million from Greater Gabbard
According to the latest developments Fluor Corp. (FLR) will be faced with a counterclaim, to be raised by RWE AG (RWE) and SSE Plc (SSE) in respect to the North Sea offshore wind farm, Bloomberg reports. The dispute between the aforementioned parties stems from the fact that Greater Gabbard, the joi
UK Awards Three Grants to Accelerate Offshore Wind Innovation
Three innovative UK businesses are the latest companies to secure funding from a major Government scheme to support the development of next generation offshore wind technology. NGenTec Ltd, OSBIT Power Ltd and OGN North Sea Ltd will each receive grants under DECC and the Technology Strategy Board’s
UK: Mitsubishi to Create More than 100 Jobs in Edinburgh
Japanese giant Mitsubishi Power Systems Europe Ltd (MPSE) confirmed its announcement on investment of up to £100 million in an engineering facility in Edinburgh and thus strengthening Scottish economy, by bringing over 100 new jobs, BBC informs. The facility will carry our research and development i
UK: Highlands and Islands Outlines Investment Plan for Next Three Years
A range of activities to generate economic and community development across the Highlands and Islands over the next three years is outlined in the latest Operating Plan published today [Wednesday 11 April, 2012] by the region’s development agency. Ambitious plans to roll out superfast broadband thro
USA: Cape Wind Picks Construction Team
Cape Wind has selected the joint venture team of Flatiron Construction Corp., Cal Dive International, Inc., and Cashman Equipment Corp. as its construction contractor to build America’s first offshore wind farm in Nantucket Sound. Cape Wind President Jim Gordon said, “We are confident this is the ri
UK: MEAD Capital Grant Scheme Good News for Wave Hub
Claire Gibson, Wave Hub’s General Manager commented, “Earlier this year MPs said that funding support for the first arrays would be critical to the UK capturing the huge potential of wave and tidal energy, so it’s good news that this long-awaited competition has been launched. Wave Hub is specifical