Today, the Danish Parliament’s Finance Committee approved the agreement on capital investment in DONG Energy of approx DKK 13 billion. The investment comes partly from new investors, Goldman Sachs: DKK 8 billion, Arbejdsmarkedets Tillægspension: DKK 2.2 billion and PFA Pension Forsikringsaktieselska
Coastal Resources Management Council raised no objection to the Deepwater Wind’s wind energy project offshore Block Island, thus removing another hurdle in the realisation of this project, writes the Providence Journal. The council released a report listing 17 recommendations, including the one to p
RWE Innogy have reviewed their site selection for part of the onshore electrical infrastructure – known as the Intermediate Electrical Compound – for Triton Knoll Offshore Wind farm. The site between Orby and Addlethorpe in the vicinity of Skegness Stadium known as the Red Zone has now been selected
Ocean Power Technologies, Inc. (OPT) today announced that it recently received approximately $1.75 million through the State of New Jersey’s Business Tax Certificate Transfer Program. The Program enables companies to raise cash to finance their growth and operations and is administered by the New Je
New Jersey Governor Chris Christie and legislative leaders were warned to delay leasing offshore wind tracts along the Jersey coast, writes the New Jersey Spotlight. Namely, top companies from this industry, including Deepwater Wind and Offshore MW, wrote a letter saying that the state could ” lose
Seajacks could expand its workforce from the current 260 to 450 in the next two years, the company’s CEO Blair Ainslie is cited by the EDP24 news site as saying. Mr. Ainslie has forecasted this based on the growing offshore wind industry and the accompanying need for new people and vessels. He said
WWF said that it is disappointed by the weak European Commission outline of EU 2030 climate and energy policies. By suggesting a greenhouse gas emissions target out of line with climate science, as well as a low renewable energy target which places no legal requirements on member states, the Commiss
SSE plc yesterday issued its Interim Management Statement, in which the company announced a revision of its offshore wind projects, and that could result in cutting back its offshore wind investment. This is because the UK Government did not include SSE’s Galloper and Beatrice offshore wind projects
The UK Education Secretary Michael Gove today gave the approval to the Humber University Technical College (UTC) in Scunthorpe, North Lincolnshire. The Humber UTC is led by the University of Hull in partnership with North Lincolnshire Council, North Lindsey College and Outwood Grange Academies Trust
Walney Extension Offshore Wind Farm has potential transboundary effects, Meath County Council has been advised. The transboundary state (the UK) may grant permission subject to conditions or without conditions, or may refuse to grant permission. The proposed development, Walney Extension Offshore Wi
After a lawsuit, submitted on January 21 against Massachusetts regulators, NSTAR and Cape Wind, the offshore wind project’s developers won a legal battle that had commenced prior to this one. The U.S. Court of Appeals for the District of Columbia Circuit upheld the Federal Aviation Administration’s
The European ocean energy industry has welcomed the publication of the Communication on Ocean Energy at a press conference hosted by The European Commissioner for Fisheries & Maritime Affairs, Maria Damanaki and the European Commissioner for Energy, Gunther Oettinger. The Communication outlines the
The EU commission today announced an EU wide binding renewable energy target of 27% by 2030. This will not be translated in to national binding targets on renewable energy as we currently have up to 2020. At the same time it was announced that the EU will set a target of a 40% cut in greenhouse [&he
The European Commission proposes a greenhouse gas target of 40% and a renewables target of 27% by 2030 in its Communication published today. European Wind Energy Association (EWEA) published a response to the proposal, saying that the 2030 climate and energy paper sets a weak renewables target and t
