The European offshore wind sector installed 277 turbines, with a capacity of 1045MW in the first half of 2013 according to a report by the European Wind Energy Association. However, despite this growth the industry has noticed a slowdown in investments in new projects. This slow down can be attribut
Wave energy developer Carnegie Wave Energy Limited (CWE) announces that it has made a commitment for the manufacturing and installation of the offshore foundations for the Perth Wave Energy project. The contract for the installation of the foundations was awarded to Fugro Seacore (Australia) Pty Ltd
The Crown Estate today announced that it has appointed Norton Rose Fulbright and Bond Dickinson to sit on the legal panel for its energy and infrastructure portfolio. The two firms recently emerged from a competitive tender process which aimed to consolidated legal advice across an extremely diverse
The UK Government will define new plans in the Energy Bill, which involves cutting long-term subsidies for new wind farms by 25%. This week, the Secretary of State for Energy and Climate Change, Ed Davey, will announce this cut, which will be done by reducing the time during which consumers are obli
United States Senator Elizabeth Warren, U.S. Representative and Senator-Elect Edward Markey, and U.S. Representatives James McGovern and William Keating announced the National Science Foundation (NSF) has awarded $1.97 million to Worcester Polytechnic Institute, Woods Hole Oceanographic Institution,
Ocean Power Technologies, Inc. (“OPT” or “the Company”) has announced financial results for its fiscal 2013 fourth quarter and the full year ended April 30, 2013. Some of the highlights from the report are: – Ocean Power Technologies reported a net decrease in cash and investments of $11.4 million f
The European Wind Energy Association, EWEA, has just published its half-yearly offshore statistics, showing a total of 277 offshore turbines installed in the first six months of this year, compared to the 132 turbines installed in the first six months of 2012. A total of 1,045 MW has been installed
Greater Gabbard Offshore Wind Farm developers will grant GBP 150,000 to the Leiston and Sizewell residents as a part of the deal for the project’s substation, reports EADT 24 news portal. The grant will be paid over a six-year period. John Hill, Greater Gabbard Offshore Wind Farm project director, f
Ballast Nedam today released its financial results for the first half of 2013. Operating profit of € 1 million (1st half of 2012: € 4 million) Profit for the period: loss of € 3 million (1st half-year 2012: break-even) Revenue 14% lower at € 496 million (1st half of 2012: € 575 million) Order book [
Maritime Craft Services (Clyde) Ltd. took delivery of three more Twin Axe wind farm support vessels in June and two more will arrive next month. With the introduction of the five new Damen Twin Axe Fast Crew Suppliers, MCS has the largest Twin Axe fleet in the offshore wind industry. The addition of
The National Renewable Energy Centre (Narec) has established a £2.8 million public-private initiative to support SMEs in the North East of England to move into the rapidly developing offshore wind and marine renewable energy supply chain. The Renewable Energy Technology Accelerator (RETA) project wi
At the end of June 2013, Knut Gerdes, CEO of EMS Maritime Offshore GmbH, signed the sales contract for the service crew transfer vessels Emswind and Emsstrom. “With the Emswind and the Emsstrom, we did the first successful steps in the offshore business in 2007. Both vessels did a great job in the p
The U.S. Energy Department (DOE) has announced up to $1.5 million in funding for projects to design testing facilities to accelerate the development and deployment of wave energy systems. This funding is part of the Department’s effort to bring innovative wave energy technologies to market faster by
Nearly 50 business angel investors, funders and their advisors attended New Anglia Capital’s Investment Day at OrbisEnergy in Lowestoft last week (Tuesday 2nd July), which could result in investments of up to nearly £750,000. Four companies with a wide variety of innovative ideas made presentations
