Wave and tidal energy’s ‘chicken and egg’ investment conundrum
Wave and tidal energy firms say they are stuck in a "chicken and egg" investment conundrum, with a lack of project certainty hampering financing options.
Orbital Marine Power
Orbital Marine selects Port of Nigg for tidal turbine supply
Scottish tidal energy developer Orbital Marine Power will build and launch its next generation turbines at the Port of Nigg in the Cromarty Firth.
UK marine energy sector hopes to continue making waves in AR6
Wave and tidal developers push for more strategic support to capture the full industrial potential of marine energy.
Orbital Marine to help unlock Canadian tidal stream project
Orbital Marine Power is set to deploy its tidal stream device at a pioneering test facility in Canada’s Bay of Fundy.
New 30MW tidal energy project set for Orkney waters
Orbital Marine Power has announced it has been awarded an Option Agreement from Crown Estate Scotland for a new tidal energy project in Orkney.
Industry in ‘full growth mode’ as TechnipFMC launches $400m buyback programme
TechnipFMC (NYSE: FTI) said a 10% upswing in revenue showed the energy industry was poised for growth, as the group looks to cut debt and buy back “undervalued” shares.
CfD results a ‘turning point’ for Scottish tidal power
Developers secured support for more than 35 megawatts (MW) of new Scottish tidal stream capacity in the latest Contracts for Difference (CfD) auction, in a move hailed as transformative for the sector.
Orbital Marine Power raises cash to finance operation of world’s most powerful tidal turbine
Orkney green energy firm Orbital Marine Power has secured cash to finance the ongoing operation of O2, its flagship floating tidal turbine.
Orbital Marine lines up ‘multiple’ CfD bids for new floating tidal
Floating tidal developer Orbital Marine Power says it intends to qualify several projects for the next round of the UK Government’s Contracts for Difference (CfD), following confirmation of ringfenced funding for the sector.
‘Game changer’: Energy services giant TechnipFMC invests in Orkney tidal power firm
An Orkney tidal power firm has gained the backing of energy services giant TechnipFMC to scale up its technology.
Marine energy developers appeal for ‘same opportunity’ as other renewables
A COP26 fringe event saw wave and tidal energy firms praise Scottish government support for the sector, but call for greater certainty to enable commercialisation.
‘We are as passionate about the climate challenge as Extinction Rebellion’ – Young energy professionals to premiere film at COP26
“We are as passionate about the climate challenge as Extinction Rebellion and people that protest from the outside. It’s the fire that gets us up in the morning to do the job we do.”
World’s most powerful tidal turbine to be launched in Dundee next week
A groundbreaking new tidal turbine manufactured in Dundee is to be launched from the city’s port next week.
‘Clarity’ needed from new UK Gov on Brexit ‘risk’ to Scottish renewables sector
Scotland's renewable energy sector needs "clarity" from the new-look UK government about the potential "risks" posed by Brexit, according to industry bosses.
Orbital Marine Power hands turbine deal to Hampshire firm
Orkney firm Orbital Marine Power has announced it has awarded a turbine contract to Hampshire company AC Marine & Composites (ACMC).
Orbital in multi-million-pound deal with SKF for tidal turbine kit
Orbital Marine Power has teamed up with Swedish engineer SKF for its power train supply on the world’s most powerful tidal turbine.
Lack of renewable investment leaving Scottish rural areas ‘flagging’, Highland MSP says
A Highland MSP has criticised the UK and Scottish Governments over a lack of renewable energy investment after a new report claimed some of Scotland’s most rural regions have been left behind as funding sources “tighten”.
Exclusive: Texo Group inks multi-million tidal turbine deal with Orbital Marine Power
An Aberdeen-headquartered firm has agreed a multi-million deal to construct a ground-breaking new tidal turbine from its port-side facility in Dundee.
Orbital Marine Power inks anchor deal with Welsh firm
Orkney-based tidal energy firm Orbital Marine Power has announced a manufacturing deal with a Welsh firm.
New EMEC consented site will be ‘useful’ for smaller scale renewable developers
A new consent for an existing site at the European Marine Energy Centre (EMEC) will be "useful" to smaller renewable energy developers, the project's specialist has said.
Leonardo DiCaprio to shine spotlight on Orkney’s clean energy efforts
A film produced and narrated by Leonardo DiCaprio will shine a spotlight on Orkney’s pioneering marine energy work when it premieres this month.
Orkney tidal turbine deal secures jobs at Highland steelworks firm
A steelworks deal with an Orkney marine energy firm has retained six jobs at a Highland fabricator.
Wave and tidal ‘effectively locked out’ of energy market, marine boss claims
Wave and tidal energy are being "effectively locked out" of the renewables sector, according to a marine energy boss.
Orkney tidal firm’s success swells staff numbers
An Orkney-based tidal firm has attributed increased staff numbers to a growing reputation as a Highlands and Islands success story.
Scottish tidal sector ‘at tipping point’, renewables policy chief says
The Scottish tidal energy sector is at a “tipping point” in its efforts to reach full commercialisation, a trade body boss has revealed.