Ocean Power Technologies, Inc. (Nasdaq:OPTT) (OPT), a leading wave energy technology company, today announced that it recently received approximately $1.5 million under the State of New Jersey’s Business Tax Certificate Transfer Program. The Program enables companies to raise cash to finance their g
TenneT is gearing up with its investment plans regarding German energy shift to renewables, as the company is currently in talks with more investors. The grid operator intends to cooperate with further investors after the deal with Mitsubishi “broke the ice”, Martin Fuchs, head of TenneT TSO GmbH to
Tocardo International, the leading producer of tidal and free-flow water turbines, and Repsol, the international integrated energy company, announce a partnership between the two companies. The Repsol New Energy Ventures and Tocardo partnership will provide a platform for both companies to develop o
Danish National Audit Office (Rigsrevisionen) has today published its report on DONG Energy. The report has been prepared at the request of the Danish Public Accounts Committee. In its report, Rigsrevisionen attaches importance to the fact that, since the merger in 2006, DONG Energy has been pursuin
Siemens is starting fiscal 2013 with solid figures. Compared to the same period last year, revenue increased slightly in the first quarter due to the good order backlog. Although new orders declined moderately year-over-year, the book-to-bill ratio was again above 1, having been below 1 for the prev
DCNS is going to increase its holding in OpenHydro to 59.7% of the capital through an acquisition of shares from the current shareholders and an increase in capital restricted to the Group. This investment is evidence of the confidence and commitment of DCNS to the development of OpenHydro. OpenHydr
At a conference today in Berlin, German Economy Minister Philip Rösler called on the European Union to promote institutional investment in energy by making it easier for investors, such as insurance companies, to fund energy infrastructure within the Union, Bloomberg reports. He said that he already
Van Oord has been awarded the construction of the offshore wind park Luchterduinen. The wind farm will be located 23 kilometres from the Dutch coast between Noordwijk and Zandvoort. Client is the joint venture between Eneco and Mitsubishi Corporation. The 43 wind turbines will have a combined capaci
The Staff of the New Jersey Board of Public Utilities (BPU) will hold a stakeholder meetings February 21, 2013 for all interested parties and members of the public regarding the Offshore Renewable Energy Certificate (OREC) funding mechanism specified in the Offshore Wind Renewable Energy rules at N.
Dr Phillip Bratby, retired physicist and energy consultant, claims that wind energy developers are deliberately downgrading wind turbines with less powerful generators in order to gain profit. Turbines capable of carrying big generators are being installed, but only because they have already been bu
Now that the transition from construction to operation of the Sheringham Shoal Wind Farm has been successfully achieved, Scira Offshore Energy is seeking to expand its maintenance team. Advertisements for a Trainee Mechanical Engineer appeared in the local media on 21 January 2013. HR & Communicatio
Eneco and Mitsubishi Corporation (MC) have concluded an agreement giving MC a 50% stake in the Eneco Luchterduinen offshore wind farm. The companies have also entered into a ‘Long-Term Partnership Agreement’, signalling their intention to work together on other offshore wind energy activities in Eur
While recently speaking at the World Future Energy Summit in Abu Dhabi Greg Barker, the UK’s Minister of State for Energy and Climate Change, said that British energy transformation to renewables will cost about GBP 200 billion and that it is reliant to UAE’s investments. “The latest energy law [is]
Wind and industrial gear manufacturer and service provider Moventas Gears Oy has today completed the cooperation negotiations it started with its Finnish staff on 7 January, 2013. Moventas seasonally adjusts its capacity to match the market situation by temporary layoffs of a minimum of two weeks. M
