The European Investment Bank (EIB) is providing equity-type financing of up to EUR 75 million to Copenhagen Infrastructure Partners (CIP) to finance Copenhagen Infrastructure II, an infrastructure fund that is investing in large energy-related projects such as offshore wind, biomass and transmission
Atlantis Resources Limited has raised £2.5 million before expenses through the conditional placing of 5,952,380 new ordinary shares. Tim Cornelius, CEO of Atlantis, commented: “We are very pleased with the continued support of our shareholders demonstrated through this successful placing. The funds
Aveillant has appointed Professor Chris Baker as its new Chief Technology Officer. Current CTO, Dr Gordon Oswald will become Chief Science Officer, assuring Aveillant’s radar science base. The expanding development team will be accelerating the deployment of Holographic Radar across a range of appli
Blackbird International Corporation (BBRD), a wave energy technology company, will pay a dividend to the shareholders on record dated December 31, 2015. Shmuel Ovadia, Director and inventor of BBRD’s technology stated: “We believe the common shares of BBRD are very valuable and this program will not
A fund of more than £19 million has been made available from the Gwynt y Môr Offshore Wind Farm to communities in the coastal areas of Conwy, Denbighshire and Flintshire. The fund will be distributed throughout the lifetime of the project. It is now open for small applications up to £10,000 and for
Offshore Structures (Britain), a joint venture between EEW SPC and Bladt Industries, will officially open its facility by the river Tees in the North East of England on September 14. Amber Rudd, Secretary of State for Energy & Climate Change, is among the invitees to this event along with a selectio
CWind is now providing corrosion protection, latch-way inspections and snagging to Dong Energy at Borkum Riffgrund 1 offshore wind farm, in addition to the temporary power services it supplied earlier this year, the company reported today. CWind initially commenced work on site back in March this ye
During the 3rd Offshore Summit in the Port of Sassnitz, the Sassnitz-Mukran site was celebrated for being a focal point of offshore wind farm projects in the Baltic Sea. Major players in the energy industry, representatives from politics, industry and associations exchanged views on projects and pot
Wave energy developer Eco Wave Power has closed the first round of fundraising led by Pirveli Ventures, the company has reported. Following the investment, a representative of the investment fund will join Eco Wave Power’s board of directors. This follows the announcement made last month that a “Sec
Canadia firm Northland Power has reported a net profit of CAD 109.7 million for the first half of 2015 comparing to the net loss of CAD 63.3 million last year. Gros profit was up 3%, reaching CAD 244.4 million. “After an extremely busy first quarter, our second quarter activity focused on continued
RWE Innogy has posted “marked improvement in earnings” for the first half of 2015 in spite of falling earning for RWE group in this period. The renewable energy business had an operating result of EUR 233 million comparing to EUR 81 million the same period last year. The main contributing factor was
Lamprell, a provider of diversified fabrication, engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, has announced several changes to the Board and senior management of the Company. James Moffat has decided to retire effective 30 June 2016 and
Havyard Group ASA reported it is taking further measures to adapt to the market situation and maintain its profitability. All business areas in Havyard Group have been affected to a varying degree by the general downturn in the market in the oil industry, the Group said. Thus, it has been working ov
The Basque Energy Agency (Ente Vasco de la Energía; EVE) will financially support demonstration and validation of emerging marine energy technologies with EUR 2.5 million. Specifically, subsidies will be made available for pilot projects demonstrating and validating full scale, or almost full scale,
