water management

21 December 2009

LDC invests £17m in Scottish marine installer Subocean

The private equity arm of the Lloyds Banking Group, Lloyds TSB Development Capital (LDC), has invested £17m in Aberdeen-based marine installation contractor, Subocean Group.

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17 December 2009

Pelamis Wave Power and energy utility Vattenfall partner to develop wave project

Edinburgh, Scotland-based technology developer Pelamis Wave Power and European energy utility Vattenfall have launched a joint venture to develop the first wave power project off the Shetland Islands.

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15 December 2009

eGen develops new hydropower generator

Hydropower technology company eGen has unveiled new technology for harvesting energy from rivers, pipelines and sewer systems.

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14 December 2009

Solar could meet up to 15 per cent of global energy needs, according to reportp

Solar photovoltaics alone could provide up to 12 per cent of the European Union (EU) electricity demand by 2020 and the combination of PV and concentrated solar power could deliver 15 per cent of the US' electricity demand by the same year, according to the European Photovoltaic Industry Association (EPIA) and the US-based Solar Energy Industries Association (SEIA).

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11 December 2009

CDC invests €10m in Asian renewable energy fund

UK's development finance institution CDC Group has today committed €10m to an investment fund that will back renewable energy projects in India and other developing countries in Asia.

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10 December 2009

Carnegie Wave Energy gets go-ahead for Australian marine energy project

Wave energy developer Carnegie Wave Energy has executed a licence deed with the State of Western Australian Government for access to a designated area of seabed in waters to the west of Garden Island off Perth, Western Australia.

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10 December 2009

Ocean Power Technologies’ second quarter results show net loss declines

NASDAQ-listed Ocean Power Technologies' financial results for the second quarter ended 31 October 2009 show its net loss has declined to $7.3m for the six months ended 31 October 2009 compared to a $10m net loss for the same period of 2008.

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7 December 2009

Valence Technology, Foundation Bénéteau Yachts, Volkswagen, ZF Marine collaborate to produce hybrid yachts

NASDAQ-listed Texan lithium energy storage company Valence Technology is collaborating with custom yacht builder Foundation Bénéteau Yachts, marine diesel engine company Volkswagen and driveline integrator ZF Marine to bring hybrid blue-water yachts to market.

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4 December 2009

American Water closes $60m debt offering and pledges to reduce emissions by 16 per cent

NYSE-listed wastewater and water utility company American Water Works' financing subsidiary American Water Capital has closed a 30-year $60m taxable debt offering with a six per cent coupon rate.

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4 December 2009

Oregon Iron Works to build Ocean Power Technologies’ first North American wave energy system

NASDAQ-listed wave energy company Ocean Power Technologies has selected Oregon Iron Works in Clackamas to begin construction of its first commercial wave energy PowerBuoy system in North America, off the Oregon coast near Reedsport.

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1 December 2009

Indian state of Gujarat plans tidal energy project

The Indian State of Gujarat, under the leadership of its Chief Minister, Narendra Modi, has taken the first step in its plan to become a world leader in tidal energy. Having held talks with Chief Minister Modi, Atlantis Resources Corporation, an international marine energy developer, is set to conduct an economic and technical feasibility study of prime sites in the Gulfs of Kutch and Khambhat.

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1 December 2009

Engineers start UK Wave Hub drilling operation

Work on the Wave Hub marine energy project has begun in Cornwall, UK. Wave Hub will create the world's largest test site for wave energy technology by building a grid-connected socket on the seabed, ten miles off the coast, to which wave power devices can be connected and their performance evaluated.

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1 December 2009

Ocean Power Technologies exands North American team

US wave-energy developer Ocean Power Technologies (OPT) has appointed Philip J Pellegrino to the position of vice president, North America business development and marketing.

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1 December 2009

Pulse Tidal receives €8m EU grant to develop commercial tidal energy system

UK tidal power company Pulse Tidal is to receive a grant of €8m from the EU's technology research and development fund, Framework Programme 7, to enable the company to begin work immediately on developing its first fully commercial tidal energy generator. The 1MW generator will be commissioned in 2012 and will provide electricity for up to 1,000 homes, the company said.

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1 December 2009

Atlantis to deploy commercial scale tidal turbine in Scotland

International marine energy company Atlantis Resources Corporation has unveiled its latest tidal turbine and has agreed a commercial scale deployment of the technology at the European Marine Energy Centre (EMEC) in Orkney, Scotland.

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25 November 2009

World Bank loans $60m for Ukraine hydro refurbishment

The World Bank has approved a $60m loan to rehabilitate three hydroelectric power plants in Ukraine.

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25 November 2009

Aqua Resources Fund completes $20m investment in China Hydroelectric

Aqua Resources Asia Holdings, the wholly owned subsidiary of close-ended investment scheme Aqua Resources Fund, has completed its $20m investment in Series C convertible preferred shares of hydropower plant operator China Hydroelectric Corporation.

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24 November 2009

Statkraft launches first osmotic power prototype

Crown Princess Mette-Marit of Norway has inaugurated Statkraft's first osmotic power prototype, which the company claims is a world first.

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24 November 2009

Oyster hydroelectric project launched in Scotland

Scotland's First Minister Alex Salmond has launched the Oyster hydroelectric wave energy device at the European Marine Energy Centre (EMEC) in Orkney.

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19 November 2009

NS Power and OpenHydro deploy Canadian tidal turbine

NS Power and its tidal technology partner OpenHydro have successfully deployed the first commercial scale in-stream tidal turbine in the Bay of Fundy, Canada. The 1MW commercial scale turbine reached the Fundy Ocean Research Centre for Energy (FORCE) deployment site, in the Minas Passage, yesterday afternoon and began preparations for deployment.

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