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21 February 2012

Lack of track record puts insurability of renewables projects in doubtp

Building a track record long enough to get insurers to cover renewable energy projects is proving difficult in newer technology areas, a group of experts told NewNet.

21 February 2012

Cleantech drives corporate venture investmentp

globeenvironment_1701 Driven by strong cleantech investment, corporate venture put most money into the energy sector over recent years with $974m was invested in 95 deals, new figures show.

21 February 2012

European engineering group confirms acquisition plansp

ABB_170SQ One of Europe’s largest engineering companies has confirmed to NewNet that it has a multi-billion funding pot with which to make acquisitions over the coming few years.

20 February 2012

Channel Islands to create marine energy hub, connect UK and French grids

Channel Island’s tidal energy developer Alderney Renewable Energy (ARE) has signed agreements for two projects that will create one of the most significant marine energy sites in Europe.

17 February 2012

Siemens acquires Marine Current Turbines

MCT_SeaGen_170SQ Engineering giant Siemens has acquired a majority stake in UK-based Marine Current Turbines as it looks to strengthen its position in the tidal power sector.

16 February 2012

Independent Scotland would result in £30bn clean fund creationp

An independent Scotland would see the creation of a £30bn energy fund to cement the region’s leadership in the renewable power sector, First Minister Alex Salmond said.

14 February 2012

Scotland gives go-ahead to Aquamarine’s near shore wave power array

Scottish Energy Minister Fergus Ewing has approved the country’s first near shore commercial wave power array off the island of Orkney.

13 February 2012

Fund launches to develop marine power technologies in Scotlandp

scotland-waves_170 The Scottish tidal and wave sector is to benefit from a £6m fund launched by Scottish Enterprise, which a spokesperson told NewNet will focus on the later stage of technological development compared to its earlier vehicle.

27 January 2012

US grants first tidal energy licence

The US’ Federal Energy Regulatory Commission has issued its first pilot project licence for a tidal energy project to Verdant Power.

25 January 2012

Marine power innovators to bid for £10.5m R&D fundingp

tidal_wave_170SQ Wave and tidal energy innovators will soon be eligible to bid for £10.5m in funding under a collaborative research and development project to be launched in the UK

25 January 2012

Indian power major looks for marine, wind collaborationsp

india_map_170_170 One of India’s largest resource and power corporations told NewNet it is seeking alliances with developers in both the marine and offshore wind sectors.

23 January 2012

Ecotricity moves into marine sector with Searaser launch

waves_rock_170SQ UK green energy company Ecotricity has diversified into the marine power sector and revealed it is developing a device that it believes can address the issues of intermittency and cost.

23 January 2012

UK skills shortage could mean lost opportunity for marine sector jobsp

MCT_SeaGen_170SQ There is a shortage of engineering skills and expertise in the UK marine sector for the impending roll-out of wave and tidal energy technology to translate to significant jobs, according to one expert

17 January 2012

Tidal array results in ‘no environmental harm’, says seminal studyp

A comprehensive environmental assessment of a tidal energy device has concluded that the underwater turbine does not have a negative impact on its surroundings.

17 January 2012

Alstom, SSE sign deal for world’s largest wave farmp

AWS3_170_170 A joint venture formed between Alstom and SSE Renewables will develop the world's largest wave farm off the coast of Scotland, and NewNet has learnt that 2020 has been scheduled as the completion date of the 200MW installation.

5 January 2012

Update: Wave developer expects ‘significant interest’ from strategic investorsp

pelamis3_170_170 A European wave power developer has told NewNet that it expects to see a strong interest from strategic investors as it looks for a partner to moves to becoming a commercial manufacturer.

4 January 2012

Scottish wave power developer seeks strategic partnersp

pelamis3_170_170 A Scotland-based wave energy innovator is on the hunt for strategic partners as it continues up the development curve.

14 December 2011

Renewable energy fund launches with $1bn targetp

dollar_army_170_170 A fund manager is capital raising to the tune of $1bn as it launches a renewable energy and cleantech fund, NewNet has been told.

13 December 2011

Fortum, Seabased to build 10MW Swedish marine energy plant

waves_rock_170SQ Nordic energy company Fortum has signed an agreement with Swedish marine power developer Seabased for the joint construction of a €25m, 10MW wave energy demonstration plant in Sotenas, Sweden.

12 December 2011

OPT reveals Q2 loss, increases order backlog

US marine energy developer Ocean Power Technologies made a second quarter operating loss of $3.9m, an improvement on the same three months last year when the figure was $5.5m.

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