KCC to boost green initiatives with multi-million dollar private placement

Klaveness Combination Carriers ASA (KCC), part of Norwegian shipping company Torvald Klaveness, has completed an equity private placement with gross proceeds of NOK 213 million (approximately $25 million) to fund energy efficiency initiatives on its current fleet. As informed, the … Read More

Norway grants €7.7M for Scatec-led floating solar hybrid scheme

Green Platform, a programme set up by the Norwegian government to accelerate green energy transition, has awarded NOK 79 million (€7.7 million) for the development of a hybrid hydropower and floating solar energy project led by Scatec. Illustration/Ocean Sun’s floating … Read More

Supergen ORE Hub funds marine energy research

The Supergen Offshore Renewable Energy (ORE) Hub has awarded almost £800,000 to eight projects at UK institutions to advance research in the offshore renewable energy sector. Illustration/University of Edinburgh’s FloWave test tank (Courtesy of the University of Edinburgh) The funding … Read More

UK universities get grants for underwater offshore wind research

The Supergen Offshore Renewable Energy (ORE) Hub has awarded four UK institutions with grants from its third Flexible Funding call for research projects focused on underwater offshore wind infrastructure. Southampton University received a share of the awarded £800,000 for a … Read More

US: Bill to strengthen marine energy passes House

The United States House of Representatives has passed a bipartisan legislation to increase federal investments in marine energy under the Water Power Research and Development Act. Illustration/Verdant Power deploying tidal turbines in New York (Courtesy of Verdant Power) Led by … Read More

US boosts 11 hydrokinetic projects with $35 million in research funds

The U.S. Department of Energy (DOE) has awarded $35 million for 11 projects which seek to develop new economically competitive hydrokinetic turbine designs for tidal and riverine currents. Illustration/ORPC’s RivGen turbine (Courtesy of ORPC) The funding has been announced as … Read More

Harmony Link project lands €720 million

The EU has allocated close to €720 million from the Connecting Europe Facility (CEF) for the investments in power transmission infrastructure in Poland, Lithuania, Latvia and Estonia. The decision follows joint application made earlier this year by transmission system operators … Read More

UK gov’t unveils £200 million port infrastructure fund

Ahead of the UK’s exit from the EU Customs union, the country’s government has launched a £200 million ($258 million) fund to enable ports to build new facilities and prepare for life outside the EU. As explained, new infrastructure at … Read More