Top news, Nov 27 – Dec 3, 2017

  • Business & Finance

Tidal Energy Today has compiled the top news from tidal and wave energy industry from November 27 until December 3, 2017.

Naval Energies to cut workforce

Naval Group’s subsidiary for marine renewable energies Naval Energies is planning to reduce its workforce due to slower market development than previously anticipated. The company said it is preparing to cut around 100 jobs, to be split evenly between the company’s operations in France, and in Ireland through subsidiary OpenHydro, starting in the first half of 2018.

Scotrenewables hits 1GWh tidal generation mark

Scotrenewables Tidal Power’s floating tidal energy turbine SR2000 has clocked up over 1GWh of tidal energy generation at the European Marine Energy Centre (EMEC) at record time. Earlier this year, Scotrenewables claimed it set the world record with the highest export level from a tidal turbine of 2.2MW.

SME installs PLAT-I tidal platform

Sustainable Marine Energy (SME) has installed the PLAT-I floating tidal energy platform in Connel Sound in Scotland. The installation was conducted by the Orkney-based Green Marine UK, which completed the operation on November 25, 2017. After the trials, the 280kW PLAT-I platform will be deployed in the Philippines.

Fortum grabs 10% stake in Swedish wave firm

The Finnish power utility Fortum has acquired a 10% stake in wave energy company Seabased. Both parties agreed not to disclose the value of the deal. Seabased boasts over 100 patents, more than 4.5 years of generator run time and an operational factory on the west coast of Sweden.

Portugal adopts ocean energy buildout plan

The government of Portugal has approved the industrial strategy designed to accelerate the development of its ocean renewable energy sector along with the corresponding action plan. The major strategic objective is the creation of a competitive and innovative industrial export cluster for ocean renewable energies, like floating offshore wind energy and wave energy.

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