Top news, November 5 – 11, 2018
- Business & Finance
MarineEnergy.biz has compiled the top news from marine energy industry from November 5 – 11, 2018.
Swedish marine energy developer Minesto has completed the offshore commissioning and test program of its EU-funded tidal energy project off Wales, having achieved electricity generation and verified the control system of its Deep Green tidal technology at utility scale.
The project, which aims to demonstrate the Minesto‘s first utility-scale Deep Green subsea kite technology, comprised the construction, installation and demonstration of the company’s first 500kW tidal kite power system.
The Supreme Court of Nova Scotia has granted one month of creditor protection to OpenHydro Technologies Canada, during which the company will try to find a way to get the broken 2MW tidal turbine out of the waters of the Bay of Fundy in Canada.
The stay of proceedings against the subsidiary of the Irish parent company OpenHydro, which went bankrupt this July, will expire in December 2018 and allow the creditors to pursue debtors for amounts owed.
During the period, OpenHydro Techologies Canada will perform feasibility assessment on whether a reasonable plan of arrangement might be developed for the company, and also – according to Chronicle Herald which quoted Peter Wedlake who is monitoring the case – to find a suitable option to retrieve the 2MW tidal turbine from the Minas Passage.
Fred. Olsen wave energy converter – BOLT Lifesaver – has been redeployed for six-month trial period at the US Navy’s Wave Energy Test Site (WETS), off the coast of Hawaii.
The wave energy converter, with modified moorings system and new oceanographic sensor package designed to demonstrate the device’s ability to directly power external systems, has been reinstalled at the demonstration site outside Marine Corps Base in October 2018.
German wave energy company SINN Power has installed an autonomous measurement station to gather data for making site specific-recommendations for a renewable energy hybrid system that optimally meets the needs of a customer in Guinea.
On behalf of local company Guinea Gold, SINN Power is gathering the necessary data to evaluate the renewable energies potential in Conakry, considering wave wind and solar resources.
Harvest the benefits of the ocean energy sector – the governments were once again called on to – and take marine energy into consideration as one of the answers to some challenging policy questions. The industry has – on the other hand – been advised to speak with unified voice, focused more on solutions than on problems as the government and investors need more proven facts and figures to show more support, according to the leading industry players speaking at the Marine Energy Event in Amsterdam, held as part of Offshore Energy Exhibition and Conference (OEEC).