Scotland’s marine energy sector is to benefit from almost £5 million as the distribution of funding from two initiatives to be announced by Energy Minister Fergus Ewing during the RenewableUK Wave and Tidal Conference and Exhibition in Belfast today. Speaking ahead of the event, Mr Ewing said five m
On 20 February 2014 in London, SGS was awarded the Project Finance Magazine 2013 Europe Offshore Deal of the Year Award for work done on the Butendiek Offshore Wind Farm project. At the end of 2011, Marguerite Adviser S. A. approached SGS to perform technical due diligence services for the Butendiek
After a good and successful year 2013, the EMS Maritime Offshore (EMO) continued its story of success already in the first month of 2014. Beside long-term clients, the EMO also attracts new customers. The EMO finds success in the offshore wind market due to its high standards in quality and safety a
Northland Power Inc. has decided to raise money for the investment in the Gemini offshore wind project by offering its shares to the public in Canada. The company announced yesterday that it has entered into an agreement with a syndicate of underwriters led by CIBC and BMO Capital Markets to issue t
Marine energy technology company Minesto, together with IT Power and National Physical Laboratory (NPL), have been awarded more than £500,000 from the British Department of Energy and Climate Change (DECC) in the 2nd round of the Energy Entrepreneurs Fund. The funding will be used for extending the
The Island of Yell, one of the North Isles of Shetland, Scotland could soon house the world’s first community-owned tidal energy generator, as the necessary components have arrived there and are waiting to be assembled. The installation of the 30kW tidal project, developed by the North Yell Developm
Fitch Ratings has revised DONG Energy A/S’s Outlook to Stable from Negative and affirmed its rating, BBB+, of DONG Energy. This follows the recently completed DKK13bn (EUR1.7bn) capital increase, which was the last element of the company’s 2013-14 Financial Action Plan. The combined investment of th
According to a legal opinion issued by NABU (Nature and Biodiversity Conservation Union), there were significant violations in the approval of several offshore wind farms in the German North Sea. Requirements of European environmental laws and critical opinion of the nature conservation authorities
IBERDROLA invested €145 million in the field of Research and Development (R&D) in 2013, a 10% increase on the previous financial year. Most of the investment went to offshore wind power project, smart grids, clean generation and new technologies and business models. Thanks to this unwavering commitm
Rick Wrench has been hired by Tideland Signal as Sales Manager for the company’s range of aids to marine navigation in the UK and Ireland. Mr. Wrench brings to his new position a wealth of experience of technical lighting products particularly for hazardous applications in the marine sector, offshor
Njord Offshore will add a 26m Damen 2610 Twin Axe crew transfer vessel (CTV) to its fleet this month, the company informed today. The new CTV, named Njord Alpha, will bring additional load lugging capability and excellent ride comfort for the further offshore wind farms. Njord Offshore worked with D
The Business Support Project Team of East Riding of Yorkshire Council plans to assist local companies to enter the renewable energy supply chain. Therefore, the team is seeking to establish a consultancy framework agreement, which will provide business support and advice for local businesses. A mini
Oceanteam has acquired remaining 30% shares of KCI design engineers, thus becoming a sole shareholder. KCI is a multi-discipline engineering company, employing over 150 engineers and has offices in Schiedam, The Netherlands and Hamburg, Germany. Through this strategic purchase, Oceanteam can speed u
At an extraordinary general meeting today, DONG Energy A/S’ shareholders adopted the planned capital increase in DONG Energy A/S. Funds managed by Goldman Sachs through New Energy Investment s.à r.l., the Danish pension funds Arbejdsmarkedets Tillægspension and PFA Pension, Forsikringsaktieselskab a
