Caisse des Dépôts has acquired a 7.5% stake in 496 MW Saint-Brieuc wind energy project off the French coast. The French financial organisation has formed a joint venture, Avel Vor, with Eole-RES, which reduced its stake to 22.5%. Iberdrola remains the majority shareholder with 70% stake in the proje
For the US energy industry, 2014 will be remembered as the year when crude oil prices fell below 50$/bbl, resulting in significant realignments in the sector, Douglas-Westwood said. Aside from the oil price collapse and the historic high of domestic natural gas production, several other energy recor
On Friday, 22 May, the Cornwall & Isles of Scilly Local Enterprise Partnership (C&IoS LEP), Cornwall Council and the Council of the Isles of Scilly jointly launched their Marine Renewable Energy (MRE) Roadmap, which sets out how the public and private sector can work together to deliver the next ste
Marine Renewables Canada (MRC) is offering workshops in locations across Nova Scotia for companies interested in exploring opportunities in the tidal energy supply chain. Three levels of government have partnered to contribute more than $100,000 to the initiative. Nova Scotia—with its strategy for t
The Dutch maritime technology sector has had a good year. Turnover increased by 17%, from € 6.4 billion in 2013 to € 7.5 billion in 2014. The sector employed 31,680 FTEs, up from 29,361 in 2013. “Overall we see a nuanced picture, with ups and downs,” said Hans Voorneveld, chairman of trade associati
New investment in energy efficiency, renewable energy, and strategic energy infrastructure, was among the more than EUR 8 billion of financing approved by the European Investment Bank board meeting on May 19. The EIB Group’s Board of Directors approved loans for a total of 21 projects, including fou
Scottish First Minister Nicola Sturgeon has called for a new approach to the UK’s relationship with Scotland on energy issues, with key decisions on energy policy made following a process of consultation and agreement with the Scottish Government. The First Minister’s call came as industry experts m
MHI Vestas Offshore Wind has been appointed preferred supplier for the delivery of V164-8.0 MW turbines for the Navitus Bay project in the UK. As soon as the project translates into a firm and unconditional order, MHI Vestas Offshore Wind will disclose further details about this, the company said. C
The Dutch Minister of Economic Affairs, Henk Kamp, has sent a letter to the House of Parliament with details about the offshore wind energy tender 2015. Subsidy for two sites in the Borssele zone will be made available with this tender. In the letter, the Minister has highlighted recent developments
The Netherlands Enterprise Agency (RVO.nl), part of the Ministry of Economic Affairs, has signed two contracts with Fugro that cover further mapping the Borssele offshore wind energy zone. The company will take measurements of wind and sea conditions, and to research the seabed. Fugro will start sho
The Norwegian offshore and subsea shipping specialist, Siem Offshore, has released first quarter results showing operating revenues at USD 126 million, an increase of 33,5 per cent year on year. However, the company reported a net loss of USD 25.6 million compared to net profit of USD 17.9 million t
Renewable Energy Foundation (REF) said yesterday that the overshoot of consented renewable energy projects in the UK has now grown even more, referring to its report from last year where it was noted that more capacity had been granted planning consent than it was needed to generate the electricity
GMB, the UK union for energy workers, has commented on the announcement of the construction start early next year for the £1.3 billion Rampion offshore wind farm, urging the government and industry to push for more UK content on the project. Gary Smith, GMB National Secretary for energy, said: “Unle
Marine energy company Minesto has been awarded a 13 million Euros investment from the European Regional Development Fund through the Welsh Government. The funding is part of the commercial roll out, including the establishment of Minesto UK Headquarters in North Wales and commissioning of the first
