Completing a financing milestone, Cape Wind has signed a term sheet to engage The Bank of Tokyo-Mitsubishi UFJ (BTMU) as its Coordinating Lead Arranger of the commercial bank portion of the total debt financing for the 468-megawatt offshore wind farm. The announcement finalizing this selection follo
Leading global marine and engineering consultancy, LOC (London Offshore Consultants) has opened two new offices to strengthen its service delivery in the North Sea region. Complimenting existing LOC hubs in London, Aberdeen and Stavanger, the new offices – both opened on the same day (14 March) – ar
After Vattenfall’s recent announcement that it will cut costs to a large extent, Trump International has claimed that the European Offshore Wind Deployment Centre (EOWDC) in Aberdeen will never be built, STV news site informs. Even though the company has not yet specified any actions related to the
Wave energy developer Carnegie Wave Energy Limited ( CWE) announced today that it has completed a fund raise totalling $9.5m consisting of the $8.5m Share Purchase Plan (SPP) announced yesterday plus a further $1m in funds in a private placement. The funds will be used alongside Carnegie’s Governmen
Wello has released its decommissioning plan for their 500 kW ‘Penguin’ wave energy converter (WEC) at the European Marine Energy Centre’s (EMEC) wave test site, Billia Croo Orkney. First installation of the mooring system and the Penguin I device was completed 30th June 2012 with recovery on the 9th
Approximately 2,500 employees might leave the company when Vattenfall has to cut costs by SEK 3 billion during 2013 and by another SEK 1,5 billion 2014. Øystein Løseth, President and CEO of Vattenfall, painted a picture of 2013 and the coming years with a low electricity demand, an oversupply of CO2
Wave energy developer Carnegie Wave Energy Limited announced that its Share Purchase Plan has closed oversubscribed and raised $8.5 million. Carnegie had previously announced on 8 February 2013 that it had initiated a capital raising via a Share Purchase Plan (SPP) of $6 million with capacity to acc
Industry-leading wind lidar company ZephIR Lidar have this month celebrated their 10th anniversary of wind lidar experience, having been the original pioneer of lidar measurement for the wind industry. On 4th March 2003, a prototype ZephIR lidar was successfully installed on the nacelle of a Nordex
DCNS is now the majority shareholder in the Irish start-up OpenHydro, specialised in marine turbines, with a 59.7% holding. Thus DCNS confirms its ambition in the field of renewable marine energy. DCNS expansion in the field of marine turbine energy is part of the group’s growth strategy. With OpenH
RWE’s Innogy Nordsee 1 GmbH has issued an invitation to tender on piling work at its Offshore Wind Farm Innogy Nordsee 1. This includes the supply of substructure and foundations for wind turbine generators (WTG), installation of topside and substructure and/or installation of substructure and found
Elia Asset nv is looking for contractors who will undertake the design, engineering, supply, construction, installation and commissioning of an Offshore High Voltage Substation with jacket substructure and top structure (Alpha and/or Beta OHVS) and/or a topside modular construction of an OHVS (Alpha
Ocean Power Technologies, Inc. (OPT) today announced financial results for its fiscal 2013 third quarter and the nine months ended January 31, 2013. OPT reported a decreased net loss of $10.6 million for the nine months ended January 31, 2013, versus $11.1 million from the comparable period in fisca
Developers of renewable electricity projects will be able to apply for support to enable them to commission and build projects more quickly. The Government’s Final Investment Decision Enabling programme is designed to help developers of low carbon electricity projects make final investment decisions
The European Parliament gave its green light to the guidelines for the EU energy infrastructure package, which sets out corridors for Europe-wide energy infrastructure, seeks to speed-up permits and identifies priority projects, including an offshore electricity grid in the North Sea. “This is reall
