POSCO signed a strategic alliance MOU with GE on 31 May to cooperate in the energy and infrastructure fields. POSCO and GE selected 5 fields, including steel material supply and equipment production in the energy field, joint advance in the private power generation business, joint development of inf
Prime Capital AG plans to raise EUR 600 million (USD 750 million)to invest in European renewable energy projects, the Bloomberg informs. It will raise the capital from pension funds and insurance companies and use it to finance 400MW of plants which are already operational or on their way to grid co
Even though the Scotland’s First Minister is planning to meet 100 % of Scotland’s electricity needs from renewable energy, North Sea industry officials think this will be hard to achieve. The leaders from the oil and gas industry will tell MSPs this week that the renewable energy plans are likely to
Julian Brown, AREVA Wind’s Country Director for the UK, has been elected to the board of RenewableUK, the country’s leading renewable energy trade association. He will be one of the 12 board members of the body which represents the UK wind and marine (tidal and wave) industry. “It is an honour to be
Atlantic Offshore’s oldest PSV is now sold and delivered to new owners. The vessel will leave the offshore supply market and enter the windmill support market. It was sold slightly above book value. Atlantic Offshore, previously known as Sartor Offshore AS was established in 2008. The company acquir
In DECC’s recently announced results the North-East region came fourth from last with GBP 137.5 million of investment in renewables during 2011-12 period, creating 1,323 working positions, writes the nebusiness.co.uk news site. However, business chiefs say Teesside is playing the “long game”, expect
M3Wave announced that the company has surpassed the $500,000 mark in grant awards in the last 18 months. M3 Wave Energy Systems LLC was formed to commercialize the DMP ocean power device. Funding for M3 Wave Energy Systems LLC is predominantly a combination of US Government grants and private invest
Polish businessman Jan Kulczyk has applied for the permission to construct an offshore wind farm in the Baltic Sea, writes thenews.pl news portal. Kulczyk’s energy company, Polenergia, is keeping silent about the four offshore wind projects it has. However, chairman of Polenergia, Dariusz Mioduski,
Following the announcement made by the Chancellor George Osborne on cutting the government subsidies for onshore wind farms for 25 percent, opponents of the Navitus Bay project welcomed it with a great expectation on extending this move to offshore plans. Dorset MPs, including Chris Chope and Richar
Lincs Wind Farm Limited, a joint venture between Centrica plc, DONG Energy and Siemens Project Ventures GmbH, has finalised agreements to provide non-recourse project finance facilities for the 270MW Lincs offshore wind farm. The facilities, totalling £425 million, will be provided by a consortium o
On 30 May 2012, IHC Merwede signed an agreement to acquire Wave Rotor technology from Ecofys, which is renowned for its expertise in sustainable energy solutions. The official signing was made by Willem Steenge, Managing Director of IHC Tidal Energy, and Manon Janssen, Managing Director of Ecofys. W
Dr Sultan Ahmed Al Jaber, Chief Executive Officer of Masdar, Abu Dhabi’s multi-faceted renewable energy company, has received this year’s United Nations’ Champions of the Earth award. Organized by United Nations Environment Programme (UNEP), the award seeks to honour individuals whose actions and le
During 2011-12 period Scotland attracted the second highest level of renewable investment in the UK, worth a total of GBP 1.7 billion, creating 4,411 jobs, says the Scotsman. The DECC’s announced results, which followed the publication of the Government’s draft energy bill, say that only Yorkshire m
The 6.5%-Bond issue 2011/2016 of Windreich AG, dealt at the Small Business Sector – the quality segment of the Stuttgart Stock Exchange is fully allocated. “We have utilized a good value performance in the last few days to issue an additional 5 million Euros,” Mr. Willi Balz, the Chairman of the Win
