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Market Outlooks

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Resen Waves’ Smart Power Buoy (Courtesy of Resen Waves)
Market Outlooks

Resen Waves to supply wave energy tech for CCS project monitoring

Danish company Resen Waves has joined the Greensand carbon capture and storage (CCS) project to develop small-scale wave energy buoys that will be used for monitoring activities.

about 4 years ago
Lir NOTF test facility (Courtesy of MaREI)
Market Outlooks

ProtoAtlantic sets up free access to Lir NOTF for offshore renewable energy startups

ProtoAtlantic project has launched a new program that will enable free access to the facilities of Lir-National Ocean Test Facility (Lir NOTF) for offshore renewable energy startups across the Atlantic Area.

about 4 years ago
Illustration (Courtesy of EU-SCORES)
Market Outlooks

Co-location of offshore wind, wave and floating solar could lead to ‘unprecedented’ LCOE reduction, report finds

Co-location of offshore wind, wave and offshore solar energy in multi-source energy parks could lead to unprecedented reduction of levelized cost of electricity (LCOE), according to a new report by EU-SCORES project.

about 4 years ago
Wisting project in the Barents Sea - Equinor
Market Outlooks

Investment decision for Barents Sea project postponed amid cost growth in supply industry

Equinor and its Wisting project partners have decided to postpone the investment decision scheduled for December 2022.

about 4 years ago
Illustration/Andritz tidal turbine for MeyGen project (Courtesy of SIMEC Atlantis)
Market Outlooks

SIMEC Atlantis appoints MeyGen chief as tidal power project makes progress

SIMEC Atlantis Energy has made ‘good progress’ in the delivery of its commercial-scale tidal energy array at MeyGen site in Scotland.

about 4 years ago
Strong demand for Transocean rigs to bring higher day rates and fleet utilisation
Market Outlooks

Strong rig demand to boost Transocean’s day rates and fleet utilisation

Transocean is expecting the demand for its rigs to remain high, leading to a further improvement in day rates and fleet utilisation.

about 4 years ago
Vincent and Roisin Mc Cormack, the father/daughter founding duo of GKinetic Energy (Courtesy of GKinetic Energy)
Market Outlooks

GKinetic Energy targets commercial ramp up with €2 million funding round

Irish-based hydrokinetic developer GKinetic Energy has opened a €2 million funding round focused on ramping up its commercialization activities.

about 4 years ago
AWS Ocean Energy’s Waveswing installed offshore Orkney (Courtesy of AWS Ocean Energy)
Market Outlooks

Waveswing wave energy trials ‘exceed expectations’

AWS Ocean Energy has unveiled ‘highly encouraging’ results from the current phase of sea trials of its Waveswing wave energy device at the European Marine Energy Centre (EMEC) in Orkney.

about 4 years ago
SeaQurrent's team in front of its TidalKite tidal energy device (Courtesy of SeaQurrent)
Market Outlooks

Dutch company secures close to €5 million for tidal power technology

Dutch company SeaQurrent has closed a multi-million euro funding round, securing support from major organizations for the development of its tidal energy technology and projects.

about 4 years ago
Wavepiston’s team testing its PTO technology (Courtesy of Wavepiston)
Market Outlooks

Wavepiston starts accelerated wave energy tech testing

Danish wave energy company Wavepiston has started accelerated tests of its technology at Technical University of Denmark’s (DTU) test facility as part of the EU-backed VALID project.

about 4 years ago
Ocean Sun's floating solar technology connected to offshore wind turbine in China (Courtesy of Ocean Sun)
Market Outlooks

China commissions first offshore floating solar plant integrated with wind turbine

State Power Investment Corporation (SPIC) has put into operation the world’s first offshore floating solar power plant integrated with offshore wind turbine, at a site located off the coast of China’s Shandong Province.

about 4 years ago
Illustration/The installation of D10 tidal turbine on one of the earlier test campaigns (Courtesy of Sabella)
Market Outlooks

Ushant Island gets a glimpse of tidal powered-future

French company Sabella has reached a new milestone in the demonstration of its tidal energy technology and brought the Ushant Island closer to fully decarbonizing its energy supply system.

about 4 years ago
Illustration (Courtesy of the European Commission/Photo by Mauro Bottaro)
Market Outlooks

European Investment Bank boosts clean energy financing with €30B for REPowerEU plan

The European Investment Bank Group (EIB Group) has agreed to support the REPowerEU plan with additional €30 billion in loans and equity financing over the next five years.

about 4 years ago
The 24.5MWp floating solar project will be one the largest of its kind built in Europe (Courtesy of ECOwind Handels - & Wartungs)
Market Outlooks

BayWa r.e. starts construction of Austria’s largest floating solar plant

German renewable energy company BayWa r.e. has made progress on the construction of Austria’s largest floating solar power plant that will, once constructed, be able to supply 7,500 households with green electricity.

about 4 years ago
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