Business & Finance
Scottish Energy Minister Unveils GBP 103 Million for Renewable Energy
Energy Minister Fergus Ewing has today announced a new £103 million investment fund which will drive the growth of renewable energy in Scotland for generations. The Renewable Energy Investment Fund (REIF) will initially focus on supporting communities and rural businesses to develop their own local
UK: EAOW Welcomes New Program Director
Andy Paine, the new program director for Vattenfall, has been cordially welcomed at the East Anglia Offshore Wind joint venture, reports reNews Europe. Upon assuming this new position, he will act as a spokesperson for the development to building stronger relationships with key stakeholders and he w
Norway: Oveldi Worldwide Enters Talks with TP Shipping
The management of Oveldi Worldwide has begun talks with Norwegian ship brokers TP Shipping of Grimstad, Norway. President Thomas Parlow, 16 year president of TP Shipping and formerly of TexShip Chartering of Houston, Texas, specializes in heavy lift transports, project cargo transports and IMO cargo
EIB Evaluates EUR 335 Million Loan for Belgian Wind Farm
The European Investment Bank is currently evaluating a loan of up to EUR 335 million for a wind project off the Belgian coast. Northwind NV, formerly known as the Eldepasco, is planning to build a wind farm with a capacity of 216 MW, situated 37 km off the coast. It will occupy an area of […]
South Korea to Invest in Energy Industry
South Korea is going to invest around 1 billion US dollars into research and development of energy industry, reports Xinhuanet The ministry planned to give support to several sectors such as solar power, offshore wind power, fuel cell and solar photovoltaic cell sector, to help them expand in overse
UK: Pelamis Wave Seeks Partner to Increase Production
Pelamis Wave Power Ltd. has stated it is looking for “teens of millions of pounds” of investments to increase production, reports Bloomberg. Chief Executive Officer, Per Hornung Pedersen, explained the money necessary for expanding the Pelamis’s factory in Leith Docks, Edinburgh, is the type of inje
UK: Six Units for Renewable Energy Completed
Work on six new industrial units for the renewable energy sector in Orkney has been completed. Highlands and Islands Enterprise (HIE) invested £2.95m, including £1.18m from the European Regional Development Fund, to create the units on vacant industrial site next to Hatston Pier, Kirkwall. Each unit
Denmark: DEXAWAVE Receives USD 1,78 Million Grant
DEXAWAVE, the Danish wave energy generator developer, has received a DKK 10 million grant. The funding secured from the Danish state investment fund Vækstfonden will be used to build a full-scale prototype of its pontoon-based wave energy converter. The DEXAWAVE wave energy converter has a simple co
The Netherlands: Royal Haskoning Reports USD 3 Million Net Loss
Engineers and consultants Royal Haskoning achieved a worldwide turnover of € 312 million in 2011 compared with € 335 million in 2010, a decrease of 7%. EBITA amounted to € 2.8 million (including € 10 million restructuring costs) versus an EBITA of € 13.7 million in 2010. One-off charges have contrib
UK: Expro Sells Connectors & Measurements (C&M) Business
Arle Capital Partners today announces that portfolio company Expro International “Expro”, the international oilfield service company, has agreed to sell its Connectors & Measurements (C&M) business, including the Tronic and Matre brands, to Siemens AG at a valuation of US$630 million. Expro’s C&M bu
Germany: TÜV Rheinland and EuroWind Join Forces
TÜV Rheinland and EuroWind have agreed a strategic cooperation to combine their wind energy services. The cooperation agreement was formally signed in Cologne recently. The aim of the cooperation is an intensive dovetailing of their services for global wind energy projects. TÜV Rheinland has develop
Germany to Invest EUR 200 Billion in Offshore Wind Farms Projects
Chancellor Angela Merkel has revealed her plan to construct offshore wind farms that will stretch over an area six times the size of New York City, reports Bloomberg. The plan expected to cost 200 billion euros ($268 billion), according to the DIW economic institute in Berlin, will also include inst
Germany: Bard Holding Expects Takeover Within 12 Weeks
The German company Bard Holding GmbH hopes the negotiations on its takeover will end within about 12 weeks, Bloomberg reports. Axel Bahr, the company’s spokesman, has stated that Bard expects “indicative offers” at end-March and completion in 6 to 12 weeks, however it remains unknown which companies
UK: Fugro Acquires EMU Limited
EMU is an independent marine survey and environmental consultancy specialist with annual revenues of over EUR 20 million. Based in Southampton, it also has premises in Portsmouth, Edinburgh, UK, Dinard, France and Perth, Australia. The company conducts ecological, geophysical, sediment sampling and