The European Investment Bank (EIB) invested almost GBP 1.2 billion in renewable energy projects in the UK throughout 2016. New EIB support for renewable energy related investment it the UK last year included GBP 500 million for a GBP 1.2 billion Caithness Moray transmission network project to reinfo
The cost of energy from offshore wind has fallen by 32% since 2012 and is now below the joint UK government and industry target of GBP 100 per megawatt hour (MWh) four years ahead of schedule, according to a report delivered by the Offshore Renewable Energy (ORE) Catapult on behalf of the Offshore W
The Long Island Power Authority (LIPA) Board is expected to approve a contract for New York’s first offshore wind farm this Wednesday, 25 January, according to the Citizens Campaign for the Environment. After receiving support for the project from environmentalists, labor groups, elected officials,
Offshore Partners Walney Holdco Limited (OPW), minority shareholder in the Walney offshore wind farm located directly off the coast of Cumbria in north west England, has successfully restructured its debt facilities to enable access to more favourable interest rates in line with current market condi
RenewableUK has welcomed the UK government’s commitment to “support industries of the future” and identify clean and affordable energy as one of the ten pillars of its modern Industrial Strategy. This includes delivering affordable energy and clean growth, investing in science, research and innovati
A new report published by the Carbon Trust has highlighted the key areas for policy makers to consider in order to develop a world leading market for floating wind in the UK. Recommendations for policy and regulatory measures include a viable support mechanism to secure the UK’s position as a world
UK-based recruitment company Advanced Global Energy (AGE) has become a member of the Green Port Project, a GBP 1 billion investment programme in Hull. The project aims to re-purpose over 500 hectares of land, designate enterprise incentive zones and will likely become the single biggest influence on
GE Renewable Energy marked a 32 per cent rise in orders in the fourth quarter of 2016 compared to the same period a year earlier. GE’s renewable energy arm attracted USD 3.3 billion worth of new orders in the last three months of 2016. Core GE wind orders were higher by 48 per cent and climbed [&hel
Scotland’s Minister for Business, Innovation and Energy, Paul Wheelhouse, has called on the UK government to ensure that renewable energy investment is a key priority in their forthcoming Industrial Strategy. Renewable energy resources have grown to become a major industrial sector in Scotland, with
The UK’s offshore wind sector is at a “pivotal moment” and has a “unique opportunity” to develop skills to drive a truly world-leading industry, according to Andrew Jamieson, Chief Executive of the Offshore Renewable Energy Catapult. Jamieson was speaking ahead of an “Industry Leaders’ Debate” at Sc
Scotland’s Cabinet Secretary for Economy, Jobs and Fair Work, Keith Brown, has received assurances from the UK government that the strategic importance of the Green Investment Bank (GIB) to Scotland will be fully considered as part of ongoing discussions around its privatisation. “The Green Investme
Danish transmission systems operator Energinet.dk and the UK-based National Grid Viking Link Ltd (NGVL) are looking for providers of high voltage direct current (HVDC) cables and converters for the Viking Link Interconnector. The Viking Link is a proposed 1,400 MW HVDC electricity link between the B
DONG Energy expects to divest its activities within exploration and production of oil and gas before the end of this year.
Ingeteam has developed a new computer tool that will allow calculation of optimal O&M strategies. According to the company, the tool, developed under the POSEIDOM project, will reduce uncertainty related to costs during the operation of offshore wind farms.
