Top news, July 30 – August 5, 2018
- Business & Finance
MarineEnergy.biz has compiled the top news from marine energy industry from July 30 – August 5, 2018.
Liverpool City Region Combined Authority (LCRCA) has approved £650,000 of funding to complete work on a business case for the proposed Mersey tidal energy project.
According to information from the documents from the meeting held on July 27 – during which the funding was approved – the support will enable the completion of the full business case by November 2019.
San Miguel Corporation (SMC) has unveiled plans to make significant investments into renewable energy and energy storage initiatives in the next 10 years.
The Philippine-based conglomerate plans, according to various local media reports, to invest in up to 10,000MW of renewable energy developments in the next 10 years.
The technologies to be covered by SMC investment plans reportedly include hydro, wind, and tidal energy projects.
Australian company Carnegie Clean Energy has signed an agreement with Enel Green Power (EGP) which will see the Italian party invest €1 million in the research, development and deployment of the CETO wave energy technology.
EGP will also become a technical advisory committee member of both Carnegie and the Wave Energy Research Centre (WERC).
The investment EGP committed to will be delivered across a number of milestones., while the companies will also work together to identify, develop, and invest in opportunities for CETO across Australia, Europe and internationally.
Carnegie completed a survey whose purpose was to establish the offshore geology and suitable strata thickness to inform the technical and economic feasibility of the foundation design for the CETO 6 wave energy converter to be deployed at the Albany site.
The survey was completed by EGS Survey based out of Henderson, using the vessel Business Class owned and operated by Empress Marine in the beginning of June 2018.