Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

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

Allseas wins decommissioning work thumbnail image

Allseas wins decommissioning work

September 20 - Allseas has been awarded a contract for the removal, transfer, load in and disposal of the Gyda platform in the Norwegian part of the North Sea.
Views: 245
Innovation overhauled thumbnail image

Innovation overhauled

September 20 - DEME’s offshore installation vessel Innovation has undergone a major refit at Damen’s Verolme shipyard in Rotterdam.
Views: 260
Sun shines with Chipolbrok thumbnail image

Sun shines with Chipolbrok

September 20 - Chipolbrok has delivered a range of heavy and oversized components using its vessel Chipolbrok Sun, including 56 wind turbine tower sections in Piteå, Sweden.
Views: 251
Demag delivers for Wiesbauer thumbnail image

Demag delivers for Wiesbauer

September 20 - Germany-based crane service provider Wiesbauer has added a Demag AC 300-6 all-terrain crane to its fleet.
Views: 188

Heavy Lift Across The World

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