Pelamis calls in administrators

Wave power technology firm Pelamis has called in administrators KPMG after failing to secure development funding, reports BBC News. The Edinburgh-based firm has been testing its wave energy converters at the European Marine Energy Centre (EMEC) in Orkney for a number of years. But in a statement Pelamis said it had “reluctantly” moved to appoint an administrator. KPMG said it was seeking a buyer who could protect the business and its 56 employees.

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Pelamis’s official statement

The directors of Pelamis regret to announce that they have been unable to secure the additional funding required for further development of the Company’s market leading wave energy technology. As a result of this the board has reluctantly moved to appoint an administrator to assess the options for securing the future for the business and employees of Pelamis. Pelamis is the world’s most advanced wave energy technology and company. It recently received a strong endorsement of this leading position from independent consultants following a series of due diligence exercises. This work included detailed assessments of the onward commercial viability of the technology and designs. The combination of over 350 man-years of experience in the team, some 15,000 hours of real grid connected test data and intensive parallel R&D work gives Pelamis a unique platform from which to develop and demonstrate the viability of its technology for commercial deployment at scale. Blair Nimmo and Gary Fraser of KPMG have been appointed as joint administrators.

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EMEC response to Pelamis news

Neil Kermode, managing director of EMEC, said: “EMEC is saddened to hear that its oldest customer has gone into administration. We have known many of the Pelamis team for years and all of us at EMEC are dismayed by this announcement. As a test site we have seen the clever, heroic, innovative work they have done to bring an idea to reality over the last decade. As a Scottish world leader Pelamis have been one of the icons of the marine renewables industry, so we are absolutely gutted at this setback. It is all the more galling when we know that marine energy has the potential to be a major supplier of power to the UK. But just like anybody who has been to sea, we know how hard it is out there, and trying to build a new power source was never going to be easy…”

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Ewing stays put amid reshuffle

Fergus Ewing has retained his position as Scottish energy minister following a government reshuffle by new First Minister Nicola Sturgeon, reports reNews. The Scottish National Party MSP is officially minister for business, energy and tourism and will work under Deputy First Minister and Cabinet Secretary for Finance, Constitution and Economy John Swinney.

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Full Scottish Cabinet line-up

The Scottish Government’s new Cabinet has today been announced by First Minister Nicola Sturgeon, subject to the necessary parliamentary agreement. As the First Minister unveiled her new Cabinet, she made it clear she was taking the opportunity to make progress on equal representation for women by achieving it first in her own Cabinet appointments. In a Cabinet comprising the First Minister and nine Cabinet Secretaries, half will be women. The number of women in the Government overall now exceeds 40 per cent for the first time. The First Minister also announced arrangements to cover the first occasion in the lifetime of the Scottish Government when a Minister will take maternity leave.

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Nuclear power may not be needed says King

Sir David King, former chief scientist and champion of the nuclear newbuild, says the top priority must be to develop storage for renewable energy, reports Geoffrey Lean in the Daily Telegraph.

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Farms could supply RE to match 3 N-plants

UK farms could be a major player in a shift towards a resilient, low-carbon energy system, according to a landmark report launched today by the Farm Power coalition, reports Click Green. The coalition, which is made up of a growing number of farming bodies, businesses and NGOs, are now calling on policymakers and other key stakeholders, including supermarkets, to support the renewable energy vision.

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Fugro reports for Hornsea duty

Dong has awarded Fugro a £13m contract to carry out geotechnical surveys at the 1.2GW Hornsea 1 offshore wind farm in the east of England, reports reNews. The Danish company is planning to bring the project off Yorkshire online by 2020 and work by Fugro will contribute to ongoing development. Fugro will use vessels Greatship Manisha and Bucentaur to tackle the job starting later this month.

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Bladt, EEW set up shop in UK

Bladt Industries and EEW Special Pipe Constructions are to establish an offshore wind fabrication business at the former TAG Energy site on Teesside in the north-east of England, reports reNews. The contracting pair have signed a deal to establish joint venture Offshore Structures (Britain) at the Haverton Hill facility in Billingham. Prime Minister David Cameron announced the news of Friday at an event in Wales.

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Ed Davey on Bladt, EEW news

Energy Secretary Ed Davey said: “It’s great news that renewables manufacturing will create 350 green jobs in Teesside. We’ve been working tirelessly behind the scenes to help secure this investment and it’s more evidence that renewable energy is powering the economic recovery. Renewable energy is a vital part of our plans for keeping the lights on, reducing emissions, and creating thousands of green jobs and investment. £45 billion has been invested in the UK’s energy infrastructure since 2010 and the Energy Act will deliver 250,000 new low carbon by 2020.”

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