The European Investment Bank (EIB), BNP Paribas and Vigeo have launched Tera Neva, a sustainable investment solution which allows investors to align their financial objectives with their energy transition goals. Through Tera Neva, the EIB is issuing a €500 million equity index-linked bond, in its Cl
UK energy policy has been described as ‘inconsistent, incoherent and ineffectual’ by Scotland’s Energy Minister at ITES 2015. Fergus Ewing (pictured) made the comments as he accused UK government of failing to meet its objectives and jeopardising energy security at the International Tidal Energy Sum
In the past eight years Offshore Energy Exhibition & Conference (OEEC) has experienced continual growth and it has the ambition to continue this steady course. In that respect we have exciting news to share: OEEC will have a new home in 2016 and will move to hall 1, 2, 4 and 5 of Amsterdam RAI. [&he
Schottel Hydro will deliver a customized turbine solution for Minesto’s Deep Green tidal power plant. For Minesto, Schottel Hydro is developing a new turbine variant, which will optimally fit the requirements of Deep Green. The Deep Green turbine will be significantly smaller and operate at higher r
IT Power has completed a site finding exercise for Floating Power Plant which is looking to deploy its commercial floating wind and wave unit in the UK. Using Floating Power Plant’s (FPP) technical and commercial site requirements as the search criteria, IT Power located a number of sites suitable f
Aquamarine Power, an Edinburgh-based wave energy developer, has ceased trading today, November 23, 2015, following the announcement that it is going into administration a month ago. Accountancy and business advisory firm BDO LLP appointed business restructuring partners James Stephen and Graham Newt
International Tidal Energy Summit (ITES) 2015 has kicked-off today with pre-conference risk and reliability workshop at Hilton Tower Bridge, London. The pre-conference workshop comprises presentations from the representatives of DNV GL, ORE Catapult and Frazer-Nash, Ricardo, and Ocean Array Systems,
Take a look at the video of the recently completed first phase of the £2.4 million Tidal Array Cabling Solution project. The first phase of the tidal array cabling project involved the installation and retrieval of Jee’s ‘U-tube’ cabling protection structure at EMEC’s Shapinsay Sound tidal test site
Collaborative project TiME has produced a guide that provides a framework for the tidal industry to measure, classify and analyse turbulence for commercial tidal arrays. The principle outcome of the TiME project include the development of new methods to measure and characterise turbulence. According
AW-Energy, a Finnish wave energy developer, has inaugurated a new wave energy testing facility built in collaboration with ABB, a power and automation technology group. The facility is located in Järvenpää, Finland, and comprises a 1.5 MW grid-connected wave energy test site designed to develop, tes
Wave for Energy, a Turin-based wave energy developer, has released a video showcasing their ISWEC wave energy converter operating in real-sea conditions. ISWEC device was deployed off Sicily, Italy, in August this year. The system has overall dimensions of 8 m width, 15 m length and 4.5 m height, a
The European renewables industry has welcomed the first State of the Energy Union which committed to a decarbonised energy system and set milestones for the future governance of the Energy Union. The joint statement issued by the European renewable energy industry says that a robust and reliable gov
40South Energy and Elements Works have deployed their H24 wave energy converter off Tuscany, Italy on November 12, 2015. The 50 kW H24 machine was deployed as part of Marina di Pisa project off Tuscany, Italy. It consists of a guiding part located on the sea floor, or on a support structure, and of
Wave Energy Scotland (WES) is looking for wave energy professionals to help drive the Scottish wave energy sector forward. WES is recruting for a Project Manager, and two Project Engineers. According to WES, Project Manager will be tasked with managing the projects accepted onto the WES programme, i
