Nova Scotia-based Atlantic Towing has secured a contract to provide tug and barge services to the Cape Sharp Tidal project in Canada. Cape Sharp Tidal, a joint venture between Emera and OpenHydro, plans to deploy two 2 MW tidal turbines in the Bay of Fundy, Nova Scotia. According to Emera, the agree
European Commissioner for Fisheries and Maritime Affairs has called the banks to take on the initial risks of investing in ocean energy stating that the advantages of investing in the sector ‘have to be communicated to lenders so they can realise that the financial risks are outweighed by the benefi
Ocean Power Technologies (OPT) has begun the testing of a redesigned APB350 power take-off (PTO) system, in addition to completing the repairs on its APB350 A1 PowerBuoy. According to OPT, the accelerated life testing (ALT) consists of operating PTOs in tandem with accelerated operating profiles, wh
The European Marine Energy Centre (EMEC) has signed a memorandum of understanding (MoU) with Qingdao organisations to support the development of a marine energy test site in China. Scotland-based EMEC and the University of Edinburgh, signed the MoU alongside the Ocean University of China, Qingdao Na
Mojo Maritime has launched its marine operations planning and risk optimisation system called Mermaid. Mermaid (Marine Economic Risk Management Aid) is a software solution which simulates marine operations against historical weather and tidal data to support cost-savings through project optimization
BioPower Systems’ O-Drive power take-off (PTO) module has been verified for operation by DNV GL. The O-Drive has been certified ahead of the forthcoming deployment of bioWAVE project scheduled for November in the Port Fairy, off Australia, BioPower’s press release reads. The standardised self-contai
Wave Energy Scotland (WES), a subsidiary of Highlands and Islands Enterprise (HIE), has announced a £720,000 partnership expected to demonstrate wave energy converters as a means of powering offshore aquaculture installations. According to WES, Albatern has teamed up with Marine Harvest, a seafood c
Three Irish marine energy companies have received €3.5 million of government funding for the development and testing of new ocean energy technologies. The companies that received the funding from the Sustainable Energy Authority of Ireland (SEAI) are Ocean Energy, SeaPower and GKinetic. The company
Black Rock Tidal Power (BRTP), a Schottel Hydro subsidiary, has raised C$15 million for the realization of 2.5 MW Triton tidal energy project in Canada. The company has also secured a commercial loan of C$4.5 million, in addition to the private equity cash of C$10.5 million, bringing the total acqui
Europe’s ocean energy industry will meet with key political leaders at a summit in Dublin today to present a game plan for commercialising the ocean energy sector, according to Ocean Energy Europe. The summit marks the start of the two day Ocean Energy Europe Conference & Exhibition in Dublin. At th
Finnish wave energy developer Wello has begun the testing of its Penguin II wave energy converter off Canary Islands, Spain. According to Wello, the testing of the 1:5 scaled device is expected to last for three months, although the length of the trials might be modified following the obtained resul
The BlueTEC tidal energy platform has gone full circle, from drawing to full-scale deployed and grid-connected device, in just 6 months, according to Bluewater, one of the developers behind the Texel Tidal project. The platform was launched earlier this year off Texel island, the Netherlands, and is
West Normandy Marine Energy (WNME) will participate for the third consecutive year in the Ocean Energy Europe (OEE) conference to be held in Dublin on October 20-21, 2015. According to WNME, the 2015 OEE conference will address issues such as marine renewable energy cost reduction that influences th
A group of companies is analyzing the wave energy potential in the Valparaiso Region, Chile. According to Revista Electricidad, a group of local and foreign companies are working together with the Valparaiso Region’s government to evaluate the potential of wave energy of the region, with the specifi
