Business & Finance
RenewableUK Welcomes Committee’s Report
RenewableUK, the renewable energy trade association, has welcomed a new report by the Energy and Climate Change Select Committee which calls for an increase in the deployment of wave and tidal power. The Committee Chairman Tim Yeo MP said “Britannia really could rule the waves when it comes to marin
E.ON in Talks with Potential Offshore Wind Investors (Germany)
The energy company Eon is in preliminary talks with financial investors so as to discuss the possibility for potential investors to join the company’s offshore wind projects, reported FTD, quoting Mike Angle, CEO of E.ON Climate & Renewables. The new funding would most probably enable the company to
Committee Predicts Bright Future for UK Marine Renewables
The UK could become a leading exporter of wave and tidal power equipment and expertise if the Government adopts a more visionary approach to developing marine renewables, according to a new report by the Energy and Climate Change Select Committee. Technologies that can harness the power of the sea t
MaRINET Accepts Applications for EMEC Till March (UK)
Overseas wave and tidal energy technology developers have to apply, until the end of February, for funds to help them access the “scale” test facilities at EMEC, the Orkney-based European Marine Energy Centre. The MaRINET wave and tidal testing funding scheme runs until March 2015 and further calls
London Array Consortium to Fund Student (UK)
Students living in, or near to, the parish of Graveney with Goodnestone who are looking to go to university to study a subject related to sustainable development, science or engineering, can now apply to the 2012/13 London Array University Bursary Scheme. The scheme, which forms part of our wider co
Hochtief, Ventizz Team Up for Offshore Wind Market (Germany)
HOCHTIEF Solutions and Ventizz Capital Partners together want to acquire concessions, develop and sell farms With economic effect from February 1, 2012, HOCHTIEF Solutions and Ventizz Capital Partners have set up a joint venture for the development of offshore wind farms. The two partners each hold
Wind Energy Giants to Receive GBP 250 Million (UK)
Two wind energy giants receive up to GBP 250 million a year in subsidies, reports North West Evening Mail A Swedish company, Vattenfall, which owns six windfarms in Britain, including the Ormonde windfarm off Walney, will receive GBP 139 million. Dong Energy, a wind power company from Denmark, with
Scotland Could Cash in GBP 30 Billion from Renewable Energy
First Minister Alex Salmond thinks that independent Scotland could cash in GBP 30 billion from green energy over 20 years. He said that unparalleled energy resources would give Scotland a huge competitive advantage over the rest of Europe, reports The Guardian. The country has 25% of Europe’s tidal
AMSC Seeks to Recover More Than USD 1.2 Billion from Sinovel (China)
AMSC, a global solutions provider serving wind and grid leaders, today provided an update regarding its legal actions in China. As previously reported, AMSC has filed for arbitration and has filed three civil lawsuits in the Chinese courts against Sinovel Wind Group Co., Ltd. (Sinovel) and companies
O’Malley Faces Strong Opposition from Key Senate Committee (USA)
Maryland governor Martin O’Malley faced strong opposition yesterday from a key Senate committee regarding his offshore wind power bill. This year’s bill does not impose requirements for mandated utilities to enter long-term contracts with an offshore wind producer, but it sets requirements for the o
Jacques Hardelay To Join Alstom Renewable Power (France)
Starting on February 20th, 2012, Jacques Hardelay will join Alstom Renewable Power as Alstom Hydro Europe President. He will report to Jérôme Pécresse, Alstom Renewable Power President and Alstom Executive Vice-Président. Born in 1950, Jacques Hardelay graduated from the ESME SUDRIA school of mechan
GBP 6 Million Available for Wave and Tidal Projects Through WATERS (Scotland)
The marine and tidal energy sector is to benefit from £6 million in funding to further develop testing of new wave and tidal prototypes in the seas around Scotland. Scottish Enterprise is launching a second round of the remaining competitive funding from the initial WATERS £13 million fund, launched
GDF SUEZ Reports Solid Results for 2011 (France)
GDF SUEZ continued to report solid results for 2011, with EUR 90.7 billion in revenues, up +7.3% despite highly unfavorable weather conditions and the gas tariff freeze in France. EBITDA grew by +9.5% thanks to the contribution of International Power from February 2011, the commissioning of new asse
The Netherlands: TenneT Appoints New CFO
TenneT announced that Mr Eelco de Boer (58) has been appointed as CFO of TenneT Holding B.V. He will join the Board of Management as a director under the articles of association. Mr De Boer has been employed by TenneT as interim financial administrator since mid-2010. Eelco de Boer has over 20 years