Tidal Energy Project Accepted by U.K.’s Planning Inspectorate
A proposal for a 320 MW tidal energy project in Swansea Bay, South Wales have been accepted for consideration by the U.K.’s Planning Inspectorate, says developer Tidal Lagoon Swansea Bay plc. Acceptance by the Planning Inspectorate means the application-for what could become the world’s biggest tidal power plant- meets the requirements to proceed to public examination before being considered by the Secretary of State for Energy and Climate Change. The tidal project would include a 9.5-kilometer-long sea wall equipped with hydro turbines along its length. Rising and falling tides would then supply the kinetic motion needed for energy production.
Japaul Oil to Raise $500 M for African Expansion
Japaul Oil and Maritime Services Plc. is studying loans, bonds, stocks or a combination of all three to raise $400 million to $500 million this year expand its offshore business in Africa, says CEO Jegede Paul. The Lagos-based company plans to buy ships and equipments in about 12 countries in Africa over the next five years. Japaul also plans to expand in areas form dredging, offshore vessel chartering and maritime equipment leasing, to oil and gas engineering, procurement and installation services, the CEO adds.
Trina Solar to Ship 3.6 GW to 3.8 GW of PV Modules In 2014
Trina Solar recently announced that it will ship an astounding 3.6 to 3.8 GW of solar PV modules in 2014 –up from 2.58 GW last year. Ingot and wafer production is also expected to surge to 1.7 GW from 1.4 GW in 2013; while in-house solar cell capacity is seen to rise to 3GW up from 2.5 GW. The expansion will result in capital expenditures at around $250 million. The expansion cost would not be a problem given the company’s impressive financial performance over the last few years- netting a full-year revenue of $1.77 billion in 2013 up from $1.30 billion in 2012.
GE Awarded Sweep of European Wind Projects
GE announced on their website partnerships with France, Germany, Scotland and Sweden, following the announcements of their new ‘Space Frame’ wind turbine tower. Firstly, the company has secured an order for 44 of their 2.5-120 wind turbines to supply 110 MW to Germany’s newest wind farms. Secondly was an order for six 1.6-100 wind turbines to Sweden. Next an order for ten 1.85-82.5 turbines for the Langhope Rig Wind Farm in Scotland. Finally GE is set to provide 27 2.85 MW wind turbines to several wind development projects across France.