Navitus Bay developers have decided not to challenge the decision of the Department for Energy and Climate Change to refuse consent for the offshore wind farm. “We would like to thank the communities on the South Coast and all our stakeholders for their engagement throughout the project. We would al
The European Commission’s Climate Change Committee has approved the transfer of €17 million of funding from the Kyle Rhea project to Atlantis’s MeyGen Phase 1B (Project Stroma) and will accelerate the development of the MeyGen project, with this second phase targeted to reach financial close and com
Ocean Renewable Power Company (ORPC) has established Énergies Marines Renouvelables Québécoises Inc. (or EMARQ), a wholly-owned subsidiary of ORPC’s based in Montreal, Quebec. “ORPC is committed to investing in Quebec and making marine renewable projects a reality for the province,” said ORPC Presid
Deutsche Windtechnik AG has set up two new companies in other European countries: Deutsche Windtechnik BV in the Netherlands and Deutsche Windtechnik ApS in Denmark. Both companies shall initially handle orders in the offshore sector; in the medium term, however, they also plan to take on projects o
James Fisher and Sons plc has launched James Fisher Subsea Excavation, the new trading name and brand of the sole dedicated mass flow excavation (MFE) service provider worldwide. The launch follows a period of growth and development in James Fisher’s MFE business over the last 15 months that commenc
UK Green Investment Bank Financial Services Limited (GIBFS) has announced that it executed a Second Close on new commitments of £355m for the Offshore Wind Fund, bringing total committed capital to £818m and nearing its £1bn target. This makes the GIBFS-managed fund the largest renewable energy fund
First round of awards from RWE Innogy UK’s Gwynt y Môr Offshore Wind Farm Community Fund have been unveiled. Seven not-for-profit groups are set to receive up to £10,000 each, from funding directly linked to the operation of the second largest wind farm in the world. It is, to date, the largest fund
Louisiana-based Keystone Engineering Inc. has announced the opening of its newest office located in Baltimore. This news follows the announcement that the company was awarded the contract to design the meteorological mast tower foundation for US Wind’s Maryland offshore wind development lease. Ben F
Irish Minister for Agriculture, Food, the Marine and Defence Simon Coveney, TD, launched The Entrepreneur Ship yesterday, a new centre that seeks to optimise the well documented opportunities of the blue economy for Ireland, and accelerate job creation in this sector. Speaking at the opening of The
On 1st October, the European Investment Bank (EIB) increased the 0.500% Climate Awareness Bond (CAB) 11/2023 by EUR 400m to bring the total amount outstanding to EUR 1bn. The bond completes EIB’s EUR Green Bond curve with a third liquid reference point in an intermediate maturity and takes the total
Wärtsilä Corporation announced today that it expanded into a new market segment, offering a comprehensive package of seals, bearings and associated solutions to hydropower installations and industrial plants. Wärtsilä’s offering consists of seals, bearings and associated equipment for hydro installa
Renewable energy will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies, the IEA said Friday in an annual market report. Pointing to the great promise renewables hold for affordably mitigating cl
EWE AG and Trianel have set up a joint venture to develop the second stage of the Trianel Windpark Borkum (TWB II) with a capacity of 200MW. Ines Kolmsee, Chief Operating Officer of EWE AG, stated: “EWE brings in its expertise from the development and operation of the first German offshore wind farm
Through its wholly owned Danish subsidiary Danbor, NorSea Group has acquired the Danish wind power company Øer. NorSea Group said that, with its owners (Wilh. Wilhemsen, Eidesvik and Møkster), it has extensive expertise, infrastructure and equipment that it wants to utilise for the wind power market
