The renewable energy industry could be spending three times as much on insurance every year by 2020 to mitigate risks to projects, says a new report by Bloomberg New Energy Finance sponsored by Swiss Re. The report looked at six of the world’s leading markets for solar and wind, including Australia,
Wave energy developer Carnegie Wave Energy Limited announced the receipt of $852,511 from the Australian Government for the completion of Milestone 2 of the Perth Wave Energy Project. Milestone 2 involved the completion of the detailed design and approvals for the Perth Wave Energy Project. This is
SSE plc will today hold its Annual General Meeting in Perth. The Interim Management Statement summarises SSE’s performance since the start of the current financial year on 1 April 2013, and includes updates on operations and investments in SSE’s Networks, Retail and Wholesale businesses. As previous
The European Investment Bank has adopted new guidelines to reinforce support for investment in renewable energy, energy efficiency and energy grids. Over the last 10 months the EU Bank has undertaken a comprehensive review to ensure that its energy lending criteria reflect EU energy and climate poli
IBERDROLA recorded net earnings of €1,728 million in the first half of 2013, down 2% on the same period last year. Gross operating profit (Ebitda) held at levels similar to last year, standing at €4,051 million, a slight decline of 0.9%. Gross margin improved 5.8% to €6,676.4 million, with increases
Vattenfall splits up its organisation into a Nordic unit and a continental European unit. This is one of several measures taken in response to developments in the European energy market. Vattenfall is also writing down SEK 29.7 billion of the value of the company’s assets as a consequence of market
RWE npower renewables’ has made a substantial funding award to the redevelopment of Rhyl Harbour, thanks to the Gwynt y Môr Offshore Wind Farm Tourism Fund. This is the third award announced so far from the specialist £690,000 fund, which was set up through the wind farm to support initiatives aimin
Iberdrola, represented by its subsidiary Iberdrola Renovables Offshore Deutschland GmbH in Berlin, and the Port of Sassnitz GmbH have signed an agreement on land use today. This agreement entails the utilization of the Offshore-Terminal South in Sassnitz-Mukran, which will be used for storage and pr
After receiving a GBP 450,000 boost to dive in offshore wind industry, Wick Harbour Authority is currently planning to install heavy lifting equipment and to dredge the channel to the harbour’s commercial quay. This development will enable the port to become an offshore wind construction base for tw
Within the DEME group recently, a great many assignments for large, energy-related projects have been awarded to a range of different companies. The assignments will be executed for oil and gas companies and businesses working within the renewable energy sector and represent a total value of 250 mil
Sumitomo Corporation, in conjunction with Sumitomo Corporation Europe (collectively hereafter Sumitomo), have entered into an agreement with Parkwind, a Belgian offshore wind company, to take shares in two offshore wind farm projects off the coast of Belgium. Parkwind’s shareholders are the Colruyt
Borkum West II, also known as Trianel Windpark Borkum, set in German waters in the North Sea is the latest project H&Askham are adding to the ever growing portfolio of works it can boast in the Offshore Wind Sector. Teams were mobilised to the project to begin HV termination and jointing works in ea
OERA (Offshore Energy Research Association) is inviting applications from community based or not-for-profit organizations in the Bay of Fundy region to participate in an OERA established Participation Support Fund. The purpose of the Participation Support Fund is to provide modest one time grants to
Investors will receive further certainty today of how the government will support investment in new energy infrastructure through the Energy Bill, in order to keep the lights on and bills and emissions down. The draft Electricity Market Reform Delivery Plan, published today for consultation, provide
