1,800 jobs and up to £500,000 are just some of the benefits expected if the construction of a major offshore wind farm off the coast of Lincolnshire goes ahead. RWE Innogy UK has announced new details of the socio-economic benefits which could arise from the construction of its Triton Knoll Offshore
South Shields-based company has seen its turnover triple in one year. Due to offshore wind expansion and support from GROW: OffshoreWind programme, Complete Fabrication Services (CFS) increased its sales from GBP 1.1 million to GBP 3.5 million in just 12 months. The company is now focused on creatin
On 22 July 2014, the Government department for UK Trade and Investment (UKTI) and HM Treasury jointly published a guide detailing opportunities to invest in UK Infrastructure (Investment Guide). Highlights include potential investment opportunities/case studies in respect of renewable energy project
The European Commission has concluded that a UK scheme called “Contracts for Difference” that promotes the generation of electricity from renewable sources is in line with EU state aid rules. In separate investigations, the Commission has also found that public support worth GBP 9.7 billion (around
Vattenfall reported an operating profit of SEK 10 billion (EUR 1.08 billion) for the first half of the year. Availability for all types of generation was favourable, but demand remained weak, and electricity prices fell further. Operating profit was positively affected by SEK 3.1 billion (EUR 0.34 b
UK Planning Committee held a meeting yesterday regarding the proposed Navitus Bay offshore wind farm. Isle of Wight Council gave no objection to the proposal but recommended requesting more information in relation to noise and ecology. The council presented the main considerations in its report: The
Iberdrola’s first half net earnings came to €1,503.1 million, down 13%, while Ebitda was in line with the same period last year at €3,744.7 million. Solid business performance, especially international businesses, again mitigated the negative impact of regulatory and fiscal measures in Spain which c
ABB reported strong order growth, stable revenues and a significant increase in cash from operations for the second quarter of 2014. The lower operational EBITDA margin mainly reflects ongoing project-related challenges in the Power Systems (PS) division. Orders of $10.6 billion were 14 percent high
Wave energy developer Carnegie Wave Energy Limited announced that it will be part of a AUD 1.3 million (EUR 0.91 million) national study undertaken by Australia’s premier science agency, the CSIRO, to develop a wave energy atlas and improve the assessment of wave energy extraction on the marine envi
Generous subsidies for renewables are unsustainable and have contributed to electricity prices for residential consumers more than doubling in Germany, placing a strain on consumers and the economy there. In addition, renewable subsidies have clearly generated disequilibrium in the power markets, as
Work at the Wave Energy Test Site (WETS) located off Marine Corps Base Hawaii at Kāneʻohe has received an infusion of $9 million from the U.S. Navy. The funds, from the Naval Facilities Engineering Command (NAVFAC), are directed to the Applied Research Laboratory at the University of Hawai‘i (ARL/UH
Ocean Thermal Energy Corporation announced that its securities have been admitted to trade on the GXG Markets First Quote platform with the symbol OTEC. GXG Markets runs an SME dedicated exchange that operates a European Regulated Market, as well as two junior markets regulated under GXG Markets’ Mu
Proposed expansion of a Liverpool Bay offshore wind farm could trigger the setting up of an annual £250,000 community fund as well as investment and new jobs in Wirral’s energy sector. Dong Energy, one of Europe’s leading energy groups, has submitted proposals to expand its existing Burbo Bank wind
JFMS, part of James Fisher and Sons plc, today announces the launch of an operational base, in Port of Grimsby East, to support construction and O&M activities within the growing offshore wind sector. Port of Grimsby East was chosen due to the significant investment made in the area in recent years
