Ocean Power Technologies, Inc. announced financial results for its Fiscal 2015 second quarter ended October 31, 2014 (“fiscal 2015”). David L. Keller, Interim Chief Executive of OPT stated, “I am pleased to report that during the second quarter we completed the site remediation and removal of equipm
On the way from the generator to converter, a wind system generates substantial losses in the transmission of electrical energy. In order to reduce these losses, especially in offshore wind turbines, scientists at the Technical University Dresden want to increase the electricity voltage. If the gene
The Met Office and WindSim AS have announced a new partnership with the objective of generating more accurate Wind Resource Assessments and Wind Power forecasts to meet increasing industry demand for improved short term power forecasting and longer term power yield analysis. Accurate short term powe
The Aerogenerator Project is the latest company to be awarded funding from the Supply Chain Innovation for Offshore Renewable Energy (SCORE) programme. The Aerogenerator Project, which is developing next generation 10MW+ wind turbine technology, has been awarded a £45,000 grant to assist in the deve
The deadline for submitting the offers for Edinburgh-based wave energy company has passed. Earlier this month, joint administrators Blair Nimmo and Gary Fraser from KPMG said interested parties have until 9 November to make an offer for Pelamis Wave Energy. Mr Nimmo said: “We have been encouraged by
Dong Energy has acquired a 100% ownership interest in the German offshore wind development project Borkum Riffgrund West 2 from Energiekontor AG. The project is located adjacent to Dong Energy’s Borkum Riffgrund West 1 development project . The two projects have a total combined capacity of up to 55
GCube Underwriting Limited (GCube), the specialist renewable energy underwriter, has appointed Stuart Burchell to the newly created position of Chief Underwriting Officer. This international appointment and the creation of the new role, underlines the increasing importance of transferring lessons le
The Devon based design engineering firm, Supacat Group, has acquired local heavy fabrication and machining specialist, Blackhill Engineering Services Ltd, providing Supacat with the ability to manufacture large structures. Supacat is part of the South West Marine Energy Park and the new capability w
Aquamarine Power Chief Executive Office John Malcolm was today elected to the board of Ocean Energy Europe – the influential Brussels-based trade body which has an important role in shaping European policy for wave and tidal energy. Speaking on his election at their AGM today, Mr Malcom said: “The r
Suzlon Group is about to start a study off the coast of Gujarat, India, to determine feasibility of setting up an offshore wind farm there, according to the country’s media. The company plant to install an offshore wind farm of a total capacity between 100MW and 300MW. Furthermore, Suzlon could use
The move by Associated British Ports to launch another attempt to block the Able Marine Energy Park on the south bank of the Humber has been described by the project developers as showing ‘a blatant disregard for the planning process, for Parliament, the overwhelming views of the local community–and
Major international energy companies remain enthusiastic about wind farm prospects off the East of England coast despite recent setbacks like the shelving of the Galloper project off Suffolk. That was the message from James Gray, inward investment director for EEEZ (the East of England Energy Zone),
French company Open Ocean SAS and Orkney-based Aquatera Ltd. have committed to working together to support the acceleration of marine renewable energy developments in France. Jérôme Cuny (CEO, Open Ocean) and Gareth Davies (MD, Aquatera) signed a Memorandum of Understanding at the recent Internation
The Norwegian Government has proposed to strengthen the equity in Statkraft SF with NOK 10 billion (EUR 1.13 billion). This will be achieved through an equity contribution of NOK 5 billion (EUR 5.68 billion). The remainder of the strengthening will be realized through reductions in future dividends.
