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Business & Finance

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CTruk’s Business Grows with GROW:OffshoreWind
Business & Finance

CTruk’s Business Grows with GROW:OffshoreWind

The rapid expansion of the sustainable energy sector is helping fuel the growth of CTruk, an Essex company, after it successfully tapped into GROW:OffshoreWind, a national support programme run in partnership with the Manufacturing Advisory Service (MAS). CTruk designs and builds a range of high-spe

about 12 years ago
Two European Banks Join Cape Wind and BTMU
Business & Finance

Two European Banks Join Cape Wind and BTMU

Marking another major Cape Wind financing milestone, Cape Wind and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) today added Natixis and Rabobank to serve as the project’s Lead Arrangers, to work with BTMU to structure and arrange the syndication of the senior debt financing to additional lenders. T

about 12 years ago
Seaway Heavy Lifting Rents Rhenus Logistics Facilities in Rotterdam
Business & Finance

Seaway Heavy Lifting Rents Rhenus Logistics Facilities in Rotterdam

Seaway Heavy Lifting signed a contract with Rhenus Logistics to rent warehouse facilities, open storage area and quay-side for 10 years. From 1st March 2014 Seaway Heavy Lifting has its own Offshore yard facilities at Rhenus Logistics on the Maasvlakte in Rotterdam. The yard provides close to 5,000

about 12 years ago
SSE Tones Down Its Commitment to Offshore Wind Projects
Business & Finance

SSE Tones Down Its Commitment to Offshore Wind Projects

SSE has disclosed its intention to narrow significantly the focus of its near term development plans for its offshore wind projects. Following the conclusion of a strategic review of its offshore wind development portfolio, the company decided to focus its efforts and resources on progressing the Be

about 12 years ago
Mainstream CEO Congratulates Siemens
Business & Finance

Mainstream CEO Congratulates Siemens

Dr. Eddie O’Connor, CEO Mainstream Renewable Power, has welcomed the announcement of Siemens’ investment of £160m with its port partner Associated British Ports (ABP) in a manufacturing facility at Hull on the Humber in the UK. ABP are investing £150m. Commenting on the announcement Dr O’Connor said

about 12 years ago
Sembmarine to Attend Lowestoft Conference
Business & Finance

Sembmarine to Attend Lowestoft Conference

Sembmarine SLP Managing Director Paul Thomson has welcomed the Lowestoft Conference initiative, saying: “With over 350 employees, Sembmarine SLP is one of Lowestoft’s major employers and my colleagues and I are very pleased that we are going to have the opportunity to discuss priorities for the town

about 12 years ago
UK Ready to Lead the Way in Offshore Wind, GROW:OffshoreWind Says
Business & Finance

UK Ready to Lead the Way in Offshore Wind, GROW:OffshoreWind Says

Commenting on today’s news that Siemens and the ABP are to invest £310m in UK wind turbine factories, Head of GROW:OffshoreWind, Dominic Brown, said: “The announcement from Siemens and UK Associated British Ports this morning is a fantastic boost for our offshore wind sector and further evidence tha

about 12 years ago
David Cameron: Green Port Hull Investment Strengthens UK’s Economy
Business & Finance

David Cameron: Green Port Hull Investment Strengthens UK’s Economy

The Prime Minister is welcoming the decision by Siemens and Associated British Ports (ABP) today to invest £310 million in wind turbine production and installation facilities in Yorkshire. Providing a huge boost to the UK’s offshore wind industry and the local area, this investment will create up to

about 12 years ago
DONG Energy: Siemens’ Decision Could Encourage Others to Invest in UK
Business & Finance

DONG Energy: Siemens’ Decision Could Encourage Others to Invest in UK

DONG Energy also commented on today’s big news from Siemens and ABP. Benj Sykes, UK Country Manager at DONG Energy Wind Power said: “This is great news for the UK and a huge boost for the offshore wind industry in this country. Today’s announcement is testament to the capabilities on offer in the UK

about 12 years ago
ABP: Humber Plays Critical Role in Servicing UK Energy’s Needs
Business & Finance

ABP: Humber Plays Critical Role in Servicing UK Energy’s Needs

Associated British Ports (ABP) commented on today’s announcement by Siemens. Siemens is investing £160 million across the two locations and its port partner ABP is investing a further £150 million in the Green Port Hull development. The companies will be submitting planning applications to Hull City

about 12 years ago
Carnegie to Raise Funds for CETO 6 Project
Business & Finance

Carnegie to Raise Funds for CETO 6 Project

Wave energy developer, Carnegie Wave Energy Limited (CWE), has announced a capital raising via a Share Purchase Plan (SPP) to raise up to $6 million for the CETO 6 project. The SPP will allow all eligible Carnegie shareholders to purchase between $1,500 and $15,000 worth of shares in Carnegie at 5.0

about 12 years ago
Siemens to Invest EUR 190 Million in Offshore Production Facilities
Business & Finance

Siemens to Invest EUR 190 Million in Offshore Production Facilities

Siemens is investing more than EUR190 million (GBP160 million) in new offshore production facilities in Great Britain. Production of rotor blades for offshore wind turbines of the 6-megawatt class is planned, with a new logistics- and service centre slated for Hull. The British Prime Minister David

about 12 years ago
Beatrice OWF to Generate Long Term Employment in Moray Firth Area
Business & Finance

Beatrice OWF to Generate Long Term Employment in Moray Firth Area

Beatrice Offshore Windfarm Ltd (BOWL) has welcomed the decision by Marine Scotland to grant consent to the £3bn Beatrice offshore wind farm project, situated in the Outer Moray Firth. The project consent marks a positive step forward for BOWL, and it will now assess how to progress Beatrice over the

about 12 years ago
Chancellor’s Incentive to Boost East of England
Business & Finance

Chancellor’s Incentive to Boost East of England

Incentives from the Budget will help steer the East of England ever closer to becoming the heart of the UK offshore wind industry. A three-year extension on business rate discounts for companies moving to the Great Yarmouth and Lowestoft Enterprise Zone was among the Chancellor’s measures in what is

about 12 years ago
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