Ocean Power Technologies, Inc. (OPT) intends to offer shares of its common stock in an underwritten public offering which will be subject to market and other conditions. Roth Capital Partners is acting as the sole manager for the offering. OPT will use raised funds for capital expenditures, and gene
Yesterday, 2 April, the eighth edition of the Navingo Maritime & Offshore Career Event (MOCE) took place at the Beurs-WTC building in Rotterdam. The event, aimed at career within the maritime and offshore industry, welcomed 4449 visitors. The 131 exhibitors spoke highly of the event itself as well a
RenewableUK says a new report which shows that investment in the British wind industry increased by nearly 50% last year to £3.5 billion provides more compelling evidence of the case to develop the UK’s excellent wind energy resources. The study “Who’s Winning the Clean Energy Race? 2013” by the ind
Liam McArthur, Member of the Scottish Parliament for Orkney, has welcomed the news that DP Energy took over SSE Renewables’ Westray South tidal power project to be developed in Orkney. DP Energy will undertake the development of the project, which has the potential for installation of up to 200MW of
Kyushu University (President Setsuo Arikawa) has announced that it has established a new Department of Ocean Energy Resources with support from leading classification society ClassNK (Chairman and President: Noboru Ueda). This new department will join the Graduate Faculty of Engineering at Kyushu Un
Professors and students from the College of Charleston are mapping the ocean floor off the coast of South California, by using cutting edge sonar technology, the Associated Press reports. The research can provide valuable data to all those working offshore, from fishermen to wind energy developers.
RWE Innogy has commissioned Dutch company Fabricom Offshore Services BV to maintain the foundations of the Nordsee Ost offshore wind farm over the coming four years. The contract includes the inspection and maintenance of the 49 jacket foundations of the wind turbines and the transformer substation,
Cork based DP Energy is set to become Europe’s largest independent developer of tidal stream projects following SSE Renewables’ transfer of an Agreement for Lease (AfL) with The Crown Estate. The transfer will see DP Energy take on the development of the Westray South project in Orkney, Scotland, wi
The Marine Management Organisation (MMO) has published the finalised plans for the East Inshore and Offshore marine areas in England, following approval from the Secretary of State for the Environment. The marine plans – which provide much-needed guidance for sustainable development in English water
Professor Trevor Whittaker, the inventor of Aquamarine Power’s Oyster wave energy technology, has been given the prestigious post of Acting Head of the School of Planning, Architecture and Civil Engineering (SPACE) at Queen’s University Belfast. The new position, for six months initially, puts Whitt
Gemini announced today that it has signed an off-take balance and services agreement with DELTA, an energy company based in the province of Zeeland, which as a result, will soon be the biggest supplier of Dutch wind energy. DELTA will purchase green electricity from Gemini, the biggest offshore wind
The marine energy sector is to benefit from £6 million in funding to further develop testing of new wave and tidal energy prototypes in the seas around Scotland. Scottish Enterprise is launching the third round of the remaining competitive funding from the initial WATERS fund in collaboration with H
On Friday 14th March 2014, it was confirmed that FoundOcean had completed grouting operations on the 48th turbine, of RWE Innogy’s 295 MW capacity Nordsee Ost Offshore Wind Farm. The wind farm is located 35 kilometres north-east of the island of Helgoland in the German North Sea and sits in water de
The Rt Hon George Osborne MP, Chancellor of the Exchequer, has announced 22 new Centres for Doctoral Training (CDTs). One of these, a new £7.8m Centre for Structural Integrity & Materials for Offshore Wind and Marine Renewable Energy, will be led by Cranfield and they will partner in a second new ce
