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Seoul/Madrid/Oslo, 17 October, 2019 – WindPower Korea, EDP Renewables and Aker Solutions have formed a consortium with the ambition to develop an initial 500MW floating wind farm off the coast of Ulsan Metropolitan City in South Korea. The consortium was formed as EDP Renewables, one of the top wind energy…
Additional government support and continued trade links with Europe are needed to ensure the UK remains a global leader in the deployment of floating offshore wind, according to a new report. Floating wind turbines are designed to generate power in deep ocean waters, typically where turbines fixed to the ocean floor…
Interreg France (Channel) England Programme has approved the biggest ever Interreg project that will prove to be game-changing for the European tidal stream energy sector. The Tidal Stream Industry Energiser Project, known as TIGER, is an ambitious €46.8m project, of which €28m (69%) comes from the European Regional Development Fund…
The European Investment Bank (EIB) will finance Ingeteam’s innovative activities by providing a EUR 70m Innovation Loan under the Investment Plan for Europe. The goal of the agreement signed today in Bilbao is to support Ingeteam’s research, development and innovation (RDI) programme focused on developing new solutions to meet the needs…
VIVAWEST and the European Investment Bank (EIB) have concluded a loan contract for EUR 300m. VIVAWEST will use the EU bank finance, which is backed by guarantees from the Juncker Plan´s European Fund for Strategic Investments, to build around 2 300 housing units to KfW 55 standard in various towns and municipalities in…
Refinancing loans totalling £39 million from Scottish Widows and Lloyds Bank are being used by UK renewable energy investors to fund three solar power farms. The package will fund fully operational photovoltaic assets which are connected to the National Grid. The solar power farms are located in the south of…
Siemens Gamesa has pledged its further commitment to the growth of clean energy in Egypt through the construction of the 250 MW West Bakr Wind project which is owned by the renewable power generation company Lekela. Siemens Gamesa will install 96 SG 2.6-114 turbines through a turnkey EPC contract and will…
The largest academic centre in the world for research into robotics technology for offshore energy infrastructure, the ORCA[1] Hub’s aim is to advance robotics and Artificial Intelligence technologies for the inspection, repair, maintenance and certification of offshore energy platforms and assets. Creating solutions to some of the most challenging, hard to reach…
Aquila European Renewables Income Fund (“AERIF” or the “Company”) the London-listed investment company advised by Aquila Capital Investmentgesellschaft mbh has today announced that it is among the first beneficiaries of the Green Economy Mark. This new Green Economy classification and mark has been launched by the London Stock Exchange for…
Schneider Electric, the leader in digital transformation of energy management and automation, announced a significant evolution in its EcoStruxure Power architecture and platform, with the launch of its third-generation offering. First announced in 2016, EcoStruxure Power is an IoT-enabled platform that digitizes and simplifies low and medium-voltage electrical distribution systems.…
