Chinese wind turbine manufacturer, Ming Yang, has found a way to return its profit through investment in research and development and improvement of its technology. The company faced annual loss for the last two years, but Ming Yang is now convinced that its luck will change, especially with the Gov
A macroeconomic impacts study has found that a national fleet of six tidal lagoon power plants would contribute £27 billion to UK GDP over the investment period 2015-2027. Since many of the components can be sourced within the UK, tidal lagoon infrastructure investment offers one of the best returns
The Board of Directors of the Quonset Development Corporation (QDC) yesterday awarded a lease option of nearly 14 acres at Quonset Business Park to Cape Wind Associates LLC, which will provide the company with a twelve month option-to-lease the land for one year, with the ability to extend for two a
Atlantis, tidal energy equipment supplier, announces that agreement has now been reached on final pricing and terms with each of the following contractors to the project in readiness for execution of all contracts for the construction of Phase 1A of the MeyGen, world’s largest planned tidal current
NaiKun Wind Energy Group Inc. has closed the sale of 10,000,000 shares to Joseph Houssian, the Company’s Director. The 10,000,000 units were issued at a price of $0.07 per unit for gross proceeds of $700,000 with each unit consisting of one common share of the Company and 0.75 common share purchase
In an effort to adjust the current wind farm regulations regarding the navigation of small vessels, a meeting took place in early July at Rijkswaterstaat with all stakeholders. Among others, the stakeholders included energy companies and representatives of various user groups. Conditions under which
Global clean energy investment surged to $63.6bn in the second quarter of 2014, up 33% compared to the first quarter and 9% compared to Q2 2013, according to the latest authoritative figures from research company Bloomberg New Energy Finance. Q2 2014 was the strongest quarter for investment since Q2
The Danish Government announced yesterday that the Growth Plan 2014 agreement in the energy sector had been adopted, as the majority of the parliamentary parties agreed on it. The agreement cuts Public Service Obligation (PSO) in total of DKK 13.2 billion until 2020, which will reduce costs of elect
Following an international competition the Carbon Trust’s Offshore Wind Accelerator (OWA) has awarded contracts to three cable manufacturers to help commercialise the development of 66kV offshore wind farm intra-array cables. It is providing funding of £400k (£133k to each cable manufacturer) to acc
USA company, Ocean Power Technologies (OPT), announced it is terminating its plans to develop a wave energy project in Australia, writes Bloomberg. OPT, a developer of wave energy generators, stated that the project off the coast of Victoria near the city of Portland, developed by its unit Victorian
Scottish Renewables has responded to news that the Carbon Trust’s Offshore Wind Accelerator programme, which aims to cut the cost of offshore wind by at least 10%, has been awarded £2.2 million by the Scottish Government. Lindsay Leask, Senior Policy Manager at Scottish Renewables, said: “Offshore w
Bids are being formally invited to help manage a multi-million pound pioneering wind industry community fund, on behalf of the coastal communities of North Wales. RWE Innogy UK’s flagship offshore wind farm, Gwynt y Môr, has launched a major tender process to identify a suitable organisation to admi
Taiwan’s state-owned CSBC Corp is planning to enter offshore wind energy market next year, CSBC news site reported. According to chairman Robert Lai, the company will form a marine construction services subsidiary taking full advantage of the expanding industry. The Taiwanese government plans to hav
Maggie McGinlay, Director of Energy and Clean Technologies at Scottish Enterprise, has written an article on using oil and gas sector knowledge in the offshore wind industry and companies from the oil and gas sector that can use vast opportunities in the offshore wind market. There are plenty of opp
