Centrica plc has appointed Carlos Pascual as a Non-Executive Director of the Company, effective from 1 January 2015. Carlos will become a member of Centrica’s Audit, Nominations and Remuneration Committees. Carlos Pascual has held a number of senior positions in the energy industry and is a senior l
Oceanlinx has gone into liquidation, costing its shareholders around EUR 53 million (AUD 80 million), writes Australian news site. Namely, Australian wave energy developer went into administration earlier this year preceded by incident that affected the company financially. During the transportation
DONG Energy has today agreed to divest its shareholding in the Swedish onshore wind farm Storrun and Thursday last week the company divested its shareholding in the Norwegian onshore development company Zephyr. This marks the divestment of DONG Energy’s last onshore wind activities. As regards the 3
The Massachusetts Clean Energy Center (MassCEC) has released a request for proposals for professional marine terminal operators interested in managing and operating the Marine Commerce Terminal in New Bedford, a soon-to-be-completed multipurpose marine terminal located in New Bedford Harbor. “Bringi
Scottish government is set to take over the Pelamis wave energy company’s assets after no final offer was made for the business. Although Highlights and island Enterprise was selected as the preferred bidder by KMPG administrators, the remaining 16 workers will lose their jobs. Blair Nimmo, joint ad
Subsea pile driving specialist MENCK, an ACTEON company, is providing its largest and most powerful hydraulic hammer to assist Bilfinger Marine & Offshore Systems with the installation of subsea foundations for Project Sandbank, a new 72-turbine strong wind farm in the North Sea. Known as the ‘Gentl
Over the next four years, Statkraft is planning green investments both in Norway and abroad. A proposal by the Norwegian Government to bolster Statkraft SF’s equity by NOK 5 billion (around EUR 552 million) was adopted by the Norwegian Parliament on December 11, 2014. The Ministry of Trade, Industry
Wind turbine technology has matured significantly, resulting in substantial reductions in LCOE and increased competitiveness of wind energy on the grid. Turbines have grown larger, more productive, cost effective and reliable due to technology investments. The next decade will bring further change,
Subsea connector specialist, First Subsea, has been awarded £130,000 of Process Technology Innovation Funding under the Government’s GROW:Offshore Wind programme. The award is for development of a monopile interface connector and hang off cable connector for offshore wind farms; and top tension moor
Mainstream Renewable Power has successfully closed a new €60 million corporate debt facility. The four year facility was arranged through BlueBay Ireland Corporate Credit, a vehicle established by one of Europe’s leading asset managers BlueBay Asset Management, with substantial investment from the N
IBERDROLA and Areva have signed a contract for the supply of wind turbines to the Wikinger offshore project. The contract has been valued at approximately €620 million. The French company will supply 70 M5000-135 5MW wind turbines, worth €550 million. For the first time, IBERDROLA will be installing
Nova Scotia Government has granted four awards that will help tidal energy developers deploy the first turbine arrays in the Bay of Fundy. In October, developers at the Fundy Ocean Research Centre for Energy (FORCE) applied to the Department of Energy to receive a developmental feed-in tariff, an es
Atlantis Resources Limited’s Canadian subsidiary has been awarded a Feed-in Tariff (FiT) for up to 4.5 megawatts of tidal generation to be deployed at the Fundy Ocean Research Center for Energy (FORCE) in Nova Scotia, Canada. The Developmental Feed-In-Tariff award of C$530 (£292) per megawatt hour (
As the offshore wind industry is making important progress to reduce cost of energy in support of an outlook for global average annual growth of 22% to 2023, the European near term outlook shows a sharp decline of more than 60% in grid connected offshore wind capacity in 2016 compared to 2015, as th
