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Business & Finance

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E.ON Goes with 116 Turbines for Rampion
Business & Finance

E.ON Goes with 116 Turbines for Rampion

E.ON has announced the final design for the Rampion Offshore Wind Farm project, after receiving consent from the Secretary of State for Energy and Climate Change in July this year. Situated 13km off the Sussex coast at its nearest point, the 72km2 final wind farm would feature 116 turbines, each mea

about 11 years ago
Scottish Renewables Hails Government’s Wave Energy Move
Business & Finance

Scottish Renewables Hails Government’s Wave Energy Move

Scottish Renewables has welcomed the Scottish Government’s announcement of the creation of a wave energy technology development body. Lindsay Leask, Senior Policy Manager at Scottish Renewables, said: “Capturing wave energy is a complex and demanding process, and although the sector is still in its

about 11 years ago
Fundy Tidal Closes Partnership with Ontario Firm
Business & Finance

Fundy Tidal Closes Partnership with Ontario Firm

Fundy Tidal has closed investment by Tribute, through its wholly owned subsidiary International Marine Energy Inc. (IME), on November 6, 2014, during the International Conference on Ocean Energy 2014 in Halifax, Nova Scotia. IME subscribed for 10% minority interest in Fundy Tidal, being 398,500 comm

about 11 years ago
EMEC Comments on Pelamis’ Announcement
Business & Finance

EMEC Comments on Pelamis’ Announcement

Neil Kermode, managing director of EMEC, commented on Pelamis’ last week’s announcement: “EMEC is saddened to hear that its oldest customer has gone into administration. “We have known many of the Pelamis team for years and all of us at EMEC are dismayed by this announcement. As a test site we have

about 11 years ago
K2 Management, DBD Systems Sign Floating Wind Power Deal
Business & Finance

K2 Management, DBD Systems Sign Floating Wind Power Deal

K2 Management has been awarded with an assignment from DBD Systems to assist on the design, engineering and project development on its floating foundation technology. Starting up K2 Management will, according to its US Managing Director Carsten Jensen, provide specific offshore project development a

about 11 years ago
Tees Valley Gets Financial Boost for Offshore Wind Sector
Business & Finance

Tees Valley Gets Financial Boost for Offshore Wind Sector

A £190 million funding package that will provide a major boost to the Tees Valley economy by creating up to 1,000 jobs, building up to 1,500 homes and strengthening transport links for local businesses was officially signed by UK Local Growth Minister Penny Mordaunt on November 20. The Tees Valley G

about 11 years ago
Fishermen’s Energy Receives Another Rejection from NJ BPU
Business & Finance

Fishermen’s Energy Receives Another Rejection from NJ BPU

The New Jersey Board of Public Utilities (BPU) has once again rejected the Fishermen’s Energy proposal for a demonstration offshore wind project off the coast of Atlantic City. On Friday, the BPU said that the project is financially unviable for the state and ratepayers. The BPU objected the Fisherm

about 11 years ago
Scottish Government to Speed Up Wave Energy Technology Development
Business & Finance

Scottish Government to Speed Up Wave Energy Technology Development

Scotland is to establish a wave energy technology development body to encourage innovation in the industry, Minister for Business, Energy and Tourism Fergus Ewing has announced. Wave Energy Scotland will bring together the best engineering and academic minds to collaborate in a research and developm

about 11 years ago
Pelamis Wave Power Goes into Administration
Business & Finance

Pelamis Wave Power Goes into Administration

The directors of Pelamis Wave Power have announced that they have been unable to secure the additional funding required for further development of the Company’s market leading wave energy technology. As a result of this, the board has moved to appoint an administrator to assess the options for secur

about 11 years ago
EEW, Bladt Invest in Former TAG Site
Business & Finance

EEW, Bladt Invest in Former TAG Site

The German steel fabricator EEW Special Pipe Constructions GmbH and the Danish steel construction company Bladt Industries A/S have invested in a new joint company based by the River Tees in the UK to manufacture offshore steel structures. The new joint company, Offshore Structures (Britain) Limited

about 11 years ago
Siemens SOV Fleet Growing
Business & Finance

Siemens SOV Fleet Growing

Over the summer, several hands contributed to put Siemens’ service operation vessels (SOVs) into shape. The first SOV hull has been built at the Cemre shipyard in Turkey. It arrived at the Havyard shipyard in Norway in August – its final building site. Soon, the first SOV will be ready for docking o

about 11 years ago
Carbon Trust in Need of Offshore Wind Consultancy Services
Business & Finance

Carbon Trust in Need of Offshore Wind Consultancy Services

The Carbon Trust, through its Offshore Wind Accelerator (OWA) programme, has issued a call for entries from companies interested to undertake a study aimed to assess the benefits of Integrated Design in a FEED level ‒ Front End Engineering and Integrated Design (FEEDID). The primary objectives of th

about 11 years ago
TenneT Clearing Path for DolWin3 Connection
Business & Finance

TenneT Clearing Path for DolWin3 Connection

The planned DolWin3 offshore submarine cable connection is a DC power transmission link of approximately 42 km. The starting point will be north of the island of Borkum, Germany. The route is within the German EEZ with the final destination at substation DolWin Gamma. The grid operator is inviting t

about 11 years ago
Tribute Resources Forms New Corporation Focused on Tidal Energy
Business & Finance

Tribute Resources Forms New Corporation Focused on Tidal Energy

Tribute Resources Inc. has established a new corporation called International Marine Energy Inc. (IME). IME has acquired the interests of Tribute in Western Tidal Holdings (WTH). It is the intent of Tribute to develop all further tidal power projects in Canada and internationally within IME. IME is

about 11 years ago
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