The European Investment Bank (EIB) has increased the Climate Awareness Bond (CAB) 2023 by €400 million to bring the total amount outstanding to €1 billion. The bond completes EIB’s € Green Bond curve with a third liquid reference point in an intermediate maturity and takes the total CAB issuance to
Wärtsilä Corporation has launched a new package of seals, bearings and associated equipment for hydro installations worldwide. The new offer targets the specific needs of hydropower, tidal power and offshore wind sectors, as well as industrial plants. The seals, bearings and associated equipment off
Sound & Sea Technology (SST) has completed the assembly of Fred. Olsen’s Lifesaver wave energy converter ahead of its planned deployment at Navy’s Kaneohe Bay Wave Energy Test Site (WETS) in Hawaii. Fred. Olsen’s Lifesaver Energy Platform is ready for installation at WETS after being assembled at Jo
Norway’s Fuglesangs Subsea (FSubsea) and the German pump company RuhRPumpen have partnered to develop advanced subsea centrifugal pump solutions. The two firms have joined forces to deliver seabed boosting and injection systems. The partnership should leverage FSubsea’s subsea pump system expertise
SURF solutions specialist, GMC, has received an award from DeepStar as part of DeepStar Phase XII-B funding. DeepStar is a joint industry technology development project focused on advancing the technologies to meet its members’ deepwater business needs to deliver increased production and reserves. T
EEL Energy’s scaled tidal energy converter has produced first power during the tests in Ifremer’s flume tank in Boulogne-sur-Mer, France. According to EEL Energy, the integration of the energy conversion units was tested for the first time on the membrane of the 1:6 scaled device. EEL tidal converte
A prior information notice aimed at testing the market for the potential tidal energy generation scheme at Churchill Barriers has been issued on the Public Contracts Scotland website. The purpose of this notice is to test the market in order to establish if there is any developer interest in a conce
Renewable energy will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies, International Energy Agency’s (IEA) latest report says. IEA’s ‘Medium-Term Renewable Energy Market Report 2015’ sees the s
2H Offshore, an Acteon company, has been awarded a contract by Chevron to manage a production riser weld qualification testing programme. The aim of the development of 20,000 psi technology is to qualify the equipment required to develop future offshore fields with design pressures above 15,000 psi
An innovative financial modelling and analytics software tool for the renewable energy sector was licensed this week by University College Cork (UCC) to spin out company, Exceedence. Exceedence will now bring to market the ExceedenceFINANCE solution developed by software engineers, financial analyst
The new LORC Component & Structure Testing Centre, being established in collaboration with FORCE Technology, is well under way, LORC reported. All major investments have been realized, and the building of the facilities has commenced. In May, all excavation was performed for the out-door structural
¡VAMOS!, the Viable Alternative Mining Operating System, has passed a major milestone with the successful delivery of conceptual design plans of the prototype and all associated equipment, Damen Shipyards Group informed today. This work was carried out in Work Package 2 (WP2), which also designed th
The Viable Alternative Mining Operating System (¡VAMOS!), a project funded by the European Union’s Horizon 2020 research and innovation program, has passed a major milestone with the successful delivery of conceptual design plans of the prototype and all associated equipment. This work was carried o
Weather information is now available from Jersey Met’s offshore reef wind masts at the Écréhous and Minquiers. The three-year offshore wind project was set up to measure and collect information about wind at the extremes of the Island of Jersey’s territorial waters. The data from the automatic weat
