WERPO will initiate a planned share buyback program of up to 7 mln shares of its common stocks from the open market. The share repurchases will be made from time to time over the next 6 months at the Company’s discretion. The repurchase program may be suspended or discontinued at any time, WERPO’s p
Wavestar is currently testing the new PTO (power take-off) system for its wave energy device at Aalborg University, Denmark. The Wavestar wave device draws energy from wave power with floats that rise and fall with the up and down motion of waves. The motion of the floats is transferred via hydrauli
Oceanlinx wave energy device ‘greenWAVE’ sank during the transportation from Port Adelaide to Port MacDonnell where it was supposed to be deployed, and has since been stranded in Yankalilla Bay, South Australia. Following the accident, Oceanlinx announced it is going into liquidation, leaving the wa
Australian Bureau of Statistics (ABS) has released a report on employment in renewable energy activities in Australia 2013/14, which shows a decrease in employment of 15 percent in the sector. Annual employment in renewable energy activities in Australia stood at 12.590 in 2013/14, which represents
The laying of the cable is part of the construction of the Ocean Energy Test Bed, off Ireland. The site located at Galway Bay, Ireland, will be used for the purposes of testing, demonstrating and validation of renewable energy devices and marine environmental sensors and technologies. Galway Bay tes
The Australian Renewable Energy Agency (ARENA) announced up to USD 15.15 mln (AUD 20 mln) in funding for development and commercialization of renewable energy technologies. This round of funding is dedicated to industry-partnered research and development projects. Ivor Frischknecht, ARENA’s CEO, sai
The potential generating capacity of Newport tidal lagoon could be between 1.8 GW and 2.8 GW, the same as the proposed Cardiff tidal lagoon. According to the Planning Inspectorate, Newport tidal lagoon would comprise a seawall attached to the foreshore, at its western extent, approximately 1 km to t
Four Oceade 18 – 1.4 MW tidal turbines will be installed at Raz Blanchard pilot tidal farm, France, with the combined capacity of 5.6 MW. The Oceade tidal stream turbine has the capacity of 1.4 MW with a rotor diameter of 18 m. It has three variable pitching blades, and is equipped with plug-and-pla
In the first quarter of 2015 the global investment in clean energy sector was the lowest in the last two years. Bloomberg New Energy Finance (BNEF) reports the global investment in clean energy was USD 50.5 bln in the first quarter of 2015, which represents the decrease of 15 percent when compared w
Tidal Energy Today Staff has compiled the top news from tidal and wave energy industry from April 6 – 12, 2015. BlueTec platform inaugurated at Port of Den Helder The first Dutch floating tidal platform has been formally named by the Mayor of Texel, the Netherlands. BlueTec platform will be installe
Hann-Ocean Energy (HOE) has constructed Drakoo-B wave energy converter with twin-chamber oscillating water column system that creates a continuous water flow which drives a hydro turbine generator to produce electricity. The device operates when the incoming wave increases the inlet chamber’s water
The deployment of the ISWEC wave energy converter off Italy has been delayed due to unsuitable weather conditions. Italy-based Wave for Energy originally intended to install the 100 kW ISWEC device in March, off the island of Pantelleria, Sicily. Tidal Energy Today spoke to Paolo Gherra, Project Man
FORCE has invited interested parties to discuss the proposed safety zone around recently installed power cables at Bay of Fundy, Canada. The Fundy Ocean Research Center for Energy (FORCE) has completed the mapping of the seabed location of the installed subsea cables in the Minas Passage, Bay of Fun
Ocean Energy Systems (OES) has issued the Annual Report for 2014 that presents an overview of the activities undertaken within OES in 2014. Take a look at the list of OES members’ demonstration projects that have been tested in open waters. UK – EMEC, 5 wave energy projects and 7 tidal current energ
