Login to Bazaar Bhaav | Subscribe to Commodity Market Magazine |  | FeedBurner    Feedback
commodityonline
Top commodity news Daily Commodity Market News Commodities technical analysis news Special news Business views Financial views Global news Commodities trading news in MCX and NCDEX Commodities logistics
Search
  You are here :Home >> Energy News >> Report
 
 
 Email  Print   del.icio.us  Digg  newsVine  Feedburner
   
  2008-06-07 10:17:21
  Fishing in deep waters for energy

Commodity Online
And you thought you can hunt only for exotic marine organisms and fossil fuels in the deep sea? You are mistaken.—there is a huge untapped potential for wind energy in deep sea. Experiments are on in Australia, England and in some other countries to extract this clean energy.

In two years, the world's first floating wind turbine could be up and running. Siemens has teamed up with with a Norwegian energy group last year  to try to generate electricity in the middle of the North Sea.

UK-based Ramco Energy Plc with two decades of experience in oil and natural gas has now floated a new subsidiary called SeaEnergy Renewables Ltd with an 88 percent stake, with the objective to develop and manage deep water (20-50 mn) wind farms.

Their track record?
Ramco team through their Beatrice Wind Farm Development project for Talisman Energy and Scottish and Southern Energy have the following achievements to their credit. They developed the concept of SeaEnergy.

• The first ever use of the world’s largest wind turbine (5MW) offshore.
• The first ever use a “jacket” subsea structure for an offshore wind turbine
• The first ever deployment of a wind turbine in deepwater (45 metres)
• The first ever assembly of a turbine, tower, rotor, and blades onshore for installation in one piece offshore

SeaEnergy has been created to exploit the global opportunities for large scale offshore wind farm development. SeaEnergy has assembled a leading offshore wind farm development team; which will now, with Ramco’s support, bring their combined extensive offshore expertise to the development of deep water offshore wind farms.

This market is growing significantly with the wind industry growing at 10-15 per cent. globally, and new aggressive renewable energy targets mandated across the EU, according to Ramco group.

SeaEnergy has already identified a number of potential opportunities which the team are looking to develop, initially these are expected to be in the EU.

Steve Remp, Chairman of Ramco, said: “I have been searching for the right entry point to the marine renewables business since first realising the enormous future potential that this industry has. With the Beatrice wind farm team in place, I believe SeaEnergy has the key to start to unlock that potential.”

There is a real opportunity for Scotland to capture a lead in offshore wind technology in much the same way that it has in the offshore oil and gas industry. There is no reason why the growth in offshore wind can’t pick up the slack as offshore oil and gas declines in the years ahead, Steve Remp added.

“This is a growing and vital industry. In a world with $130+ oil and real international ressures to reduce greenhouse gas emissions, the stage is set for renewables to be a crucial element of the energy mix in the 21st Century," Joel Staadecker, SeaEnergy CEO commented.

The Beatrice Wind Farm
The Beatrice Wind Farm, the world’s first deepwater (water depths >30 meters) wind farm, involved the installation of the two largest wind turbines ever deployed in offshore waters (5MW each). The wind farm is located in the Moray Firth, 25km off the east coast of Scotland in water depths up to 45 metres.

The Beatrice Wind Farm was undertaken as a "demonstrator" project with sponsorship support from the European Union "DOWNVInD" research program as well as backing from the British and Scottish governments. In addition to being the first deployment of the world’s largest wind turbines offshore in the deepest water, the project also involved the first ever use of a "jacket" subsea structure to support the turbine installations, and was the first offshore project to involve full assembly of the turbine, tower, rotor and blades onshore for installation as a single piece offshore.

Most Read :
'Gold may touch $4,000 during this bull run'
Why India bought 200 tonnes of gold from IMF
Gold Forecast: Jim Rogers 'rogered' by Roubini
‘Gold rise can’t last for long as it’s not in bull market’
‘Gold to hit $1,500 in 2010’

      Top Stories

Did India sell US Treasury bills to buy IMF gold?

Commodity Trends:Gold shines so does gold guinea

Australia slaps dumping duty on Chinese aluminium

Chinese steel producers cry foul over US duty

Zimbabwe escapes diamond ban

Scrap gold sales zoom in India over IMF gold deal

Indian investors dump gold for silver

Renewable energy: A reliable source for energy

Demand for gold shares soars

Japan’s polished diamond imports fall by 7%

Chinese steel exports hit as US slaps dumping duty

Relevance of Eco Mark for Indian industry

  More >  
     Market Pulse
 
 
MCX cardamom spurts on higher spot demand
  Cardamom futures rose at the MCX counter Friday as the demand for the commodity in the spot market is seen firm against the lower than expected stockpiles.
 
MCX Weekly Report: Comdex moves up by 0.67%
  MCX Comdex was up by 0.67% to 2687.20. MCX Energy was down by 0.98% to 2765.22, MCX Metal was up by 1.45% to 3130.30 and MCX Agri was up by 2.78% to 2182.39.
 
MCX crude remains negative territory
  Domestic crude oil futures are trading with mild losses Friday as the impacts of the late sell of continued to linger on the market.
More> 
    Technical Calls  
  Russia may buy remaining 203 tonnes of IMF gold
  Which country will not buy the remaining gold reserve from International Monetary Fund (IMF), following India's purchase of 200 tonnes of gold last week? Bullion analysts say China is set buy the remaining 203 tonnes of IMF gold. But China is not alo
  Gold price peaks to Rs16,900 in India bullion market
  Gold prices in India continue to peak. On Satruday, gold prices spiked to a new high of Rs 16,900 per 10 gram in the bullion market. Gold dealers said strong marriage season demand amid firmimg global trends are driving gold prices in India.
  Sri Lanka shoring up gold reserves
  The Gold Price in Euros peaked on Feb. 20th above €782 an ounce. "We have been fairly strong accumulators of Gold reserves over the past few months," said Sri Lankan central bank chief Ajith Nivard Cabraal to Reuters today in an interview from Chenna
More> 
    FOREX Reports  
  Aussie closes higher vs dollar
  The Australian dollar got a lift Friday as the country’s central bank painted a luminous outlook for the economy, suggesting interest rates and the currency were set to rise a lot further over time.
  Pak forex reserves down to $14.23 billion
  Pakistan’s foreign exchange reserves fell to $14.23 billion in the week that ended on October 31 from $14.43 billion the previous week.
  Dollar edges lower vs Euro, franc
  The US dollar edged down against the European currency and the Swiss franc during early deals on Friday.
More> 
 
About Us | Advertise | Contact Us | Feedback | Disclaimer | Terms & Conditions | Sitemap