The Fifth Carbon Budget published today by the UK’s Committee on Climate Change goes against the government’s recent statement to only support the deployment of future offshore wind projects if they further reduce costs by an unspecified amount, Jenny Hogan, Director of Policy at Scottish Renewables
Oldenburg-based provider of personnel services for the offshore wind industry, Convent Offshore, has been recognised as one of the growth champions 2016 by the German news magazine Focus. The company recorded an average growth of 146 percent between 2011 and 2014 in the sector of human resources. Am
UK-based remote intervention equipment manufacturer Soil Machine Dynamics Ltd (SMD) plans to cut 70 to 80 jobs across the business. The news comes as SMD’s largest order in history for two suites of cable laying and burial equipment has been suspended due to the rejection of an export license as a r
Siemens has advertised 135 vacant posts at its new facilities in Hull, the largest number of opportunities made available so far, Green Port Hull reports. The bulk of the newly-advertised jobs are 120 roles for production operatives within the wind turbine blade factory that is now taking shape at H
French multinational bank BNP Paribas will more than double the financing resources allocated to the renewable energy sector, from EUR 6.9 billion in 2014 to EUR 15 billion in 2020, and strengthen its policies for the management of carbon risk. The bank will also continue to promote Green Bonds to i
More than six out of ten (61%) institutional investors in Europe expect to increase their exposure to renewable infrastructure, with nearly half of them (48%) expecting further investments into offshore wind, according to a new study commissioned by alternative investment firm Aquila Capital. A furt
Carnegie Wave Energy Limited (CWE) has completed an oversubscribed AUD 7.5 million capital raise to continue the commercialisation of its CETO technology. Carnegie announced on 3 November that it had initiated a capital raising of AUD 5 million via a Share Purchase Plan with capacity to accept overs
Munich-based insurance provider Allianz will stop financing coal-based business models and turn its focus to wind energy, the company’s chief investment officer Andreas Gruber said in an interview given to German TV station ZDF. Allianz will no longer invest in companies that derive more than 30 per
UK Green Investment Bank plc (GIB) has committed GBP 2.3 billion to 58 green infrastructure projects with a total value of GBP 10.1 billion in its first three years of existence. Part of the commitments went towards financing of 757 offshore wind turbines in the UK – or 40% of all the turbines curre
In the past eight years Offshore Energy Exhibition & Conference (OEEC) has experienced continual growth and it has the ambition to continue this steady course. In that respect we have exciting news to share: OEEC will have a new home in 2016 and will move to hall 1, 2, 4 and 5 of Amsterdam RAI. [&he
New York-based private investment firm Centerbridge Partners is reportedly planning to list the German wind turbine manufacturer Senvion less than seven months after completing the acquisition of a 100% stake in the company for EUR 1 billion, Reuters reports. Centerbridge has partnered up with JP Mo
U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) has set aside over USD 8 million for two offshore wind-related projects. USD 3.57 million will go to a team led by the University of Virginia for the design of a 50 MW wind turbine featuring downwind morphing, expected to
Companies hoping to win contracts in the GBP 25 billion UK offshore wind farm investment must be innovative and cut their costs to be part of it, over 250 supply chain representatives heard during an event to celebrate Offshore Wind Week held in Lowestoft. Businesses supplying services, products and
The University of Maine has received a USD 3.9 million grant from the Harold Alfond Foundation for the establishment of an ocean engineering and an advanced manufacturing laboratory on campus. The latest grant brings the total of funds raised for the Harold Alfond W2 Ocean Engineering Laboratory and
