Business & Finance
OMM Launches New Maintenance Support Service for Offshore Renewables (UK)
Offshore Marine Management (OMM) has today announced the launch of a new maintenance support service for offshore renewables operators. With little existing guidance and no legislation currently in place, operators may not be conducting the maintenance they need in order to guarantee the integrity o
3sun Group Opens New Office in Westhill (UK)
3sun Group, a specialist provider of products and services to the energy industry has announced the opening of a new base in Westhill, near Aberdeen, on the back of a number of key contract wins in the North Sea. The company has recently secured contract wins totalling approximately £7million to car
Hull Receives Planning Applications for Green Port (UK)
A series of planning applications for a new £200m wind turbine factory in Hull have been submitted. (bbc) [mappress] Source: bbc, December 13, 2011; Image: siemens
Green Investment Bank Takes Another Step (UK)
The Green Investment Bank is designed to accelerate private sector investment in the UK’s transition to a green economy. The first priority sectors for the Bank, subject to approval by the European Commission, are: Offshore wind power generation. commercial and industrial waste processing and recycl
ABB Acquires Powercorp (Switzerland)
ABB, the leading power and automation technology group, today announced that it has completed its acquisition of Powercorp. Powercorp’s portfolio includes automation and control technologies to manage the integration of renewable energy into isolated grids and keep generation in balance with consump
China Three Gorges Corp Acquires USD 269 Million Stake in China Power New Energy Development
China Three Gorges Corp., operator of the nation’s biggest dam, agreed to pay HK$2.1 billion ($269 million) for a 29.1… By Aibing Guo (bloomberg) [mappress] Source: bloomberg, December 12, 2011; Image: cpne
EDF Reconsiders on French Offshore Wind Tenders
Paris based EDF Energies Nouvelles gives up on bid to construct offshore wind farm at Le Treport. “We’ve taken this decision in order to concentrate on the four other zones,” said David Corchia, CEO of EDF Energies Nouvelles, reports Les Echos. In July French government launched €10 billion offshore
EU-funded Initiative Set to Boost Marine Renewables with EUR 9 Million (Ireland)
A new EU-funded initiative is set to give the marine renewable energy sector a boost worth EUR 9 million. The MARINET (‘Marine renewables infrastructure network’) initiative will give companies access to test facilities in specialist marine renewable energy centres across Europe. Led by researchers
Scotland Could Earn Billions Selling Renewable Energy
SCOTLAND could earn billions of pounds a year by exporting electricity if Holyrood was handed full powers over the country’s energy sector… By Andrew Whitaker (scotsman) [mappress] Source: scotsman, December 12, 2011
Zhejiang Opens New-energy Trade Market (China)
The Tongxiang International New-Energy Market, the world’s first new-energy trade market, was officially opened in Tongxiang City… By Pan Shaojun (peopledaily) [mappress] Source: peopledaily, December 09, 2011
BBB and ep4 to Intensify their Activities in Offshore Sector (Germany)
The joint exhibition stand of BBB Umwelttechnik GmbH and ‘ep4 offshore’ at the EWEA Offshore event 2011 in Amsterdam was very well attended. “We raised BBB’s visibility on the offshore market and strengthened our partnership with Heinrich Duden and ‘ep4 offshore’ “ said Joachim Binotsch . Both compa
OPT Announces 2Q 2012 Financial Results (USA)
Ocean Power Technologies, Inc. (“OPT” or “the Company”) today announces financial results for its fiscal 2012 second quarter ended October 31, 2011. “We ended the second quarter of fiscal 2012 with further progress on PowerBuoy deployments, and a number of business development initiatives to commerc
Siemens and Shanghai Electric to Invest USD 226 Million info Two Joint Ventures (China)
Shanghai Electric Group Co. (2727) and Siemens AG (SIE) will invest 169.1 million euros ($226 million) to form two wind-power … By Joshua Fellman and Sally Bakewell (bloomberg) [mappress] Source: bloomberg, December 09, 2011; Image: siemens
M3 Wave Seeks Funds for its Energy System (USA)
Corvallis-based M3 Wave Energy Systems debuted its power-generating technology last week at the Hinsdale Wave Research Laboratory at… (sustainablebusinessoregon) [mappress] Source: sustainablebusinessoregon, December 08, 2011; Image: m3wave