Marubeni Corp. and Innovation Network Corporation of Japan, a joint private-public investment fund, plan to purchase British wind power manufacturer Seajacks. Six Japanese banks agreed to extend a loan of approximately USD 322 million for the companies by the end of the month. The two companies plan
Tocardo International, the leading producer of hydro-power turbines, will make the case for tidal power at the international All-Energy conference in Aberdeen on 23 & 24 May. The Dutch hydro-power specialist is one of the first companies in the world to deliver a complete tidal technology and sell i
Since March 1, Suzlon Energy Ltd. rose 6.7 percent in Mumbai trading on its path to raise USD 800 million and thus avoid selling of its Repower Systems AG. As the Bloomberg reports, the company plans to gain the whole amount this year through loans and a bond sale. Recently, 20 banks agreed to exten
Scottish Development International’s (SDI) international trade and investment activity created or safeguarded more than 7,000 Scottish jobs and helped more than 1,000 high potential Scottish companies target new global markets last year. In 2011/2012, SDI also worked with 190 companies on significan
RenewableUK, the trade and professional association for the wind, wave and tidal industries, has announced that 100 companies have now signed up to the first-ever Wind Energy Charter. The Charter sets out the intentions of the industry to invest in the prosperity and energy security of the UK, to pr
BMT Group Ltd, the international design, engineering and risk management consultancy, announced that it has achieved robust financial results, despite another year of challenging economic conditions across much of the world. Revenues from continuing businesses rose 8% to £127m and underlying operati
Trident Energy, the independent developer of generator solutions for the offshore renewable energy industry, announced that it has been awarded a Scottish Enterprise SMART: SCOTLAND R&D grant to help fund the forthcoming sea trials of its linear generator technology. Together with on-going commitmen
Finnish renewable technology developer, Wello Ltd, has announced it has started Series B funding. Power Fund II (managed by VNT Management) and Finnvera Venture Capital have agreed on 3 Million euros funding package as part of the Series B funding. Discussions with additional investors to close furt
The year 2012 started with improved performance compared to the same period in 2011. The oil price remained on average around USD 120 per barrel (Brent). The sustained high levels of exploration and production spending by the oil and gas industry result in continued improvement of Fugro’s related ac
The EBRD is boosting its efforts to improve energy efficiency and deal with the threat of climate change with new investment in projects worth up to €25 billion over the next three years. The next phase of the Bank’s successful Sustainable Energy Initiative (SEI) aims to deliver an annual cut in car
On March 15, Pacific Power began accepting applications for the Blue Sky program, which refers to community renewable energy projects that need funding. Deadline for submitting applications is June 15. The eligible projects must be locally owned and within Pacific Power’s service area. They also mus
On May 14, President of China Longyuan Power Xie Changjun met Asia Pacific CEO of SIEMENS Wind Power Company Kay Weber, party committee secretary of Shanghai Electric Wind-power Equipment Co., Ltd. Fan Xiaohong and his colleagues. Xie Changjun first showed welcome to Mr. Weber and his colleagues and
The latest Renewing the Humber conference offered insights to companies in the area, which are searching to identify the Humber opportunities, This is Grimsby news portal reported. Grimsby is already serving the growing needs of the O&M part, with manufacturing, assembly and installation logistics c
RenewableUK, the trade and professional body for the wind, wave & tidal industry, is today highlighting the string of recent announcements of growth in the renewable energy supply chain in the run-up to the world’s first global offshore wind conference. These announcements include: The granting of p
