Latest news from Heavy Lift & Project Forwarding International Magazine

Shortage of capacity hinders tide and wave energy projects

April 29 - Industry observers have said that the potential of marine power as a future source of renewable energy is being undermined by a shortage of vessels that are able to deploy marine devices.

Furthermore, companies involved in this area of renewable energy are competing with oil-and-gas businesses and offshore-wind developers for access to those ships.


There are also enormous technical issues to overcome in the installation and operational processes of projects designed to convert the motion of tides and waves into electricity. Developing equipment that can withstand the punishing marine environment is a major challenge, as is reducing the cost of generation so that marine power can better compete with more established sources of energy.


Financial difficulties are a further obstacle, as the credit crisis has made project financing harder and more expensive to secure. The development of the world's first commercial-sized wave farm, the Aguçadoura project off the coast of Portugal, has been temporarily suspended after its majority owner, Australia's Babcock & Brown Ltd. went into administration in March. HLPFI understands that the project, is now effectively on hold until Babcock & Brown can find a buyer for its 77 take.


Despite these problems, many believe that tidal and wave power is the preferred method of achieving renewable energy targets. Companies with heavy lift capabilities have noted the opportunities and the fact that many of Europe's top utilities, including Spain's Iberdrola SA, Germany's RWE AG and E.ON AG and the U.K.'s Scottish & Southern Energy PLC, are actively investing in marine energy technologies which will all have heavy lift shipping requirements.


In September, the UK's Crown Estate, which owns and manages the seabed around the UK's coast, will begin granting options for lease over areas of seabed in the Pentland Firth for marine-energy projects.


The Pentland Firth and surrounding area, now called the Saudi Arabia of tidal power, separates North Scotland from the islands of Orkney and contains six of the top 10 sites in the UK for tidal power development. This could have great potential for companies that offer heavy lift shipping capabilities.


These and other issues will be analysed in detail in the review of the renewable energy industry which will appear in the July/August edition of HLPFI. If you would be interested in promoting your company's capabilities in that feature, either through editorial or advertising, please contact us now.

Heavy Lift | News

BigMove goes digital for licenses thumbnail image

BigMove goes digital for licenses

July 17 - BigMove – a European alliance of 13 medium-sized logistics companies – is introducing digital driving licenses for its network of 1,000 drivers.
Views: 17
ESTA joins EC best practice project thumbnail image

ESTA joins EC best practice project

July 16 - The European association of abnormal road transport and mobile cranes (ESTA) has been asked to support a European Commission study to “explore health, safety and environment (HSE) best practice in the wind power sector”.
Views: 500
LDA installs kite system  thumbnail image

LDA installs kite system 

July 16 - Louis Dreyfus Armateurs (LDA) has fitted its ro-ro vessel Ville de Bordeaux with an AirSeas kite system, as it looks to develop the use of wind propulsion technologies.
Views: 432
Sarens partners with Moir Crane thumbnail image

Sarens partners with Moir Crane

July 16 - Sarens has teamed up with Canada’s Moir Crane as the two companies look to capitalise on the region’s upcoming construction projects.
Views: 551

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.