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Business & Finance

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Ecofys Assesses Risk of Dutch Offshore Wind
Business & Finance

Ecofys Assesses Risk of Dutch Offshore Wind

The Netherlands plan to increase their installed offshore wind capacity to 4,500 megawatts by 2023. With the related roll-out reaching round 3, one of the first tenders issued will be the 700 MW tender for the Borssele coast area. The Dutch grid operator TenneT has been designated to become the oper

about 11 years ago
Scottish Green Energy Awards to Be Held Today
Business & Finance

Scottish Green Energy Awards to Be Held Today

Scottish Green Energy Awards 2014 will kick off today in Edinburgh. Scottish Renewables will open the doors to the biggest and best celebration of the renewable energy industry in Scotland in the impressive new wing of the EICC, Edinburgh. Scottish Renewables members, guests and friends from around

about 11 years ago
TC’s Energy, Seabased Inks EUR 43 Mln Wave Energy Deal
Business & Finance

TC’s Energy, Seabased Inks EUR 43 Mln Wave Energy Deal

TC’s Energy today signed a contract with Swedish company Seabased for a 14MW wave energy farm in Ghanaian waters. The contract, which is pending approval by the Swedish agency EKN, is worth over EUR 43 million. The wave farm is the first step towards total targeted installed capacity of 1000MW. The

about 11 years ago
EMEC: Pelamis One of Icons of Marine Renewables
Business & Finance

EMEC: Pelamis One of Icons of Marine Renewables

The directors of pioneering wave energy developer Pelamis have vowed to continue the fight to ensure the company’s success. Additional funding is required for further development of Pelamis’ wave energy technology. Without this, the board has reluctantly moved to appoint administrators to assess the

about 11 years ago
UK Q2 Wind Energy Generation Down 19 Pct
Business & Finance

UK Q2 Wind Energy Generation Down 19 Pct

UK Department of Energy & Climate Change has released energy statistics for second quarter of 2014. Total electricity generated fell 6.2 per cent from 83.9 TWh in 2013 Q2 to 78.7 TWh, reflecting lower demand. The generation by wind, PV, wave and tidal fell 10.2 per cent from 7.2 TWh to 6.5 TWh. In s

about 11 years ago
Crown Estate Adds New Board Member
Business & Finance

Crown Estate Adds New Board Member

The Crown Estate has announced the appointment of Paula Hay-Plumb to its main board, commencing 1st January 2015. Paula Hay-Plumb is an experienced board director in both the public and private sectors, and is currently a non-executive director at Hyde Housing Association and Aberforth Smaller Compa

about 11 years ago
Finland Selects Pori Tahkoluoto as Demonstration Project
Business & Finance

Finland Selects Pori Tahkoluoto as Demonstration Project

The Finish Ministry of Employment and the Economy has selected Suomen Hyötytuuli Oy’s plan for a wind power farm as an experimental project for offshore wind power. The MEE granted EUR 20 million in investment subsidies for the implementation of the project on 19 November 2014. However, the support

about 11 years ago
GIB Pays GBP 240 Mln for 20% Stake in Sheringham Shoal’s Owner
Business & Finance

GIB Pays GBP 240 Mln for 20% Stake in Sheringham Shoal’s Owner

The UK Green Investment Bank (GIB) today announced a significant investment in the UK’s offshore wind sector. GIB is purchasing a 20 per cent stake from Statkraft and Statoil in Scira Offshore Energy Limited (Scira), the owner of Sheringham Shoal offshore wind farm, for an agreed valuation of £240m.

about 11 years ago
Orkney to Produce Hydrogen from Wind, Tidal
Business & Finance

Orkney to Produce Hydrogen from Wind, Tidal

An Orkney-based project to develop an innovative use of renewable energy generated on land and at sea has secured funding support from the Scottish Government. The Community and Renewable Energy Scheme (CARES) Local Energy Challenge Fund has awarded just under £30,000 to the Orkney Surf and Turf ini

about 11 years ago
Renewables Powering Scotland
Business & Finance

Renewables Powering Scotland

Renewable energy has become Scotland’s main source of power, new independent figures have revealed. Records from the first half of 2014, the most recent period for which data is available, show renewables generated 32% more electricity than any other single source of power in Scotland. In total, the

about 11 years ago
Groundbreaking Ceremony for Maritime Link Project
Business & Finance

Groundbreaking Ceremony for Maritime Link Project

The governments of Nova Scotia and Newfoundland and Labrador and NSP Maritime Link Inc., a subsidiary of Emera, participated in a ground-breaking ceremony at the Bottom Brook construction site in Newfoundland and Labrador to recognize the start of construction of the Maritime Link Project. Nova Scot

about 11 years ago
EDF Contracts FLiDAR for 5-Year Offshore Wind Measurements
Business & Finance

EDF Contracts FLiDAR for 5-Year Offshore Wind Measurements

EDF has signed a 5-year framework agreement with FLiDAR for offshore wind resource measurements. FLiDAR will deploy several of its buoys on EDF offshore wind farms over the coming years. The FLiDAR units have recently been validated by DNV GL as reaching Stage 2 on the Carbon Trust Roadmap, which gr

about 11 years ago
Renewables to Benefit from EU Investment Plan
Business & Finance

Renewables to Benefit from EU Investment Plan

The European Commission today announced a € 315 billion Investment Plan to get Europe growing again and get more people back to work. The EC will create new European Fund for Strategic Investments (EFSI) to mobilise these funds over the course of three years. The Fund will be set up in partnership w

about 11 years ago
Offshore Energy Industry Catapults OSBIT Power into Success
Business & Finance

Offshore Energy Industry Catapults OSBIT Power into Success

UK’s North East engineering firm OSBIT Power has revealed a 450% growth in turnover for the last year as profits went up from £21,000 to £1.4m. Staff numbers have increased from 19 to 32 and OP has been able to pay off all of the company start-up debts. MD Dr Tony Trapp said: “This is […]

about 11 years ago
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