Atlantis Resources, owner of the world’s largest planned tidal stream energy project, MeyGen, has agreed terms with a funding syndicate for a funding package for Phase 1A of the MeyGen project. Total project funding package, which is a combination of equity, debt and grant, will exceed £50m. Funding
Statoil has awarded Kvaerner a concept study related to a standardised, unmanned dry tree wellhead platform for the Oseberg Future Development project. The concept is focused on minimisation of facilities, equipment and costs down to water depths of 150 meters and may be a cost effective solution co
Offshore Energy Exhibition and Conference, taking place on 28 & 29 October 2014 in Amsterdam RAI, the Netherlands, stays on top of new developments. With a session on subsea processing the Offshore Energy Conference addresses a key innovative area. Experts from frontrunners in subsea processing such
Grant programme, Supply Chain innovation for Offshore Renewable Energy (SCORE), has announced Marine Power Systems’ WaveSub as the latest innovation to receive funding. Marine Power Systems was founded with the sole purpose of developing and bringing to market the novel, patent protected wave energy
4NRg has secured £42k of grant funding from the Supply Chain innovation for Offshore Renewable Energy (SCORE) programme for their innovative desalination unit. Research and development specialist 4NRg focuses on the renewable energy sector and in particular coming up with innovative or novel solutio
“Global Offshore Wind Turbines and Foundations Market Size, Share & Country Analysis to 2020” report is now available at RnRMarketResearch.com. Latest report “Offshore Wind Turbines and Foundations – Global Market Size, Market Share, Regulations and Key Country Analysis to 2020” provides detailed in
Scottish Natural Heritage (SNH) have recently completed two reports relating to marine renewable energy developments and their potential impact on the environment. These reports offer a risk assessment of the interaction between marine renewable devices and the diving birds and megafauna in the area
MAKE’s Q3/2014 Global Wind Power Market Outlook Update presents a consistent expectation of 7.2% growth on average per year from 2013 to 2023. In the US, new guidance from the IRS has shifted 1.3GW into 2015 from 2014 and 2016; incentive schemes and policy improvements in key markets such as India,
MAKE’s Q3/2014 Global Wind Power Market Outlook Update presents a consistent expectation of 7.2% growth on average per year from 2013 to 2023. In the US, new guidance from the IRS has shifted 1.3GW into 2015 from 2014 and 2016; incentive schemes and policy improvements in key markets such as India,
Kim Trapani, Energy Researcher at MIRARCO in Sudbury, Canada, has been working on the development of a floating solar system, Canadian media writes. The system will be tested next year in the Mediterranean Sea near Malta. It is made of flexible solar panels, so they can be easily bent, which makes t
Ofgem has announced a short list of four bidders competing to own and run transmission links to two offshore windfarms. They are both located in the North Sea off the coast of Yorkshire. The shortlisted bidders go through to the final bid stage where Ofgem will appoint the Offshore Transmission Owne
Ofgem has received a withdrawal of an application from Triton Knoll Offshore Wind Farm Limited, which was submitted in order to get the Authority’s consent to the company’s exercise of compulsory rights of entry on land. “This means a decision on its application is no longer required and we will not
The Crown Estate has entered into an Agreement for Lease with Forthwind Limited, a subsidiary of 2-B Energy, for the UK’s first offshore demonstration of two-bladed turbines on the seabed at Methil in Scotland, consisting of two full scale units. Two-bladed designs at this scale are a major innovati
The organisation representing the UK’s £9 billion subsea industry has reached a major milestone with its 300th member. Independent oil and gas operator, Apache North Sea, has joined Subsea UK as oil and gas production from subsea wells in the UKCS continues to increase. Apache North Sea is now the 4
