MarineEnergy.biz has compiled the top news from marine energy industry from July 23 – 29, 2018.Tides wash away OpenHydroFrench-based Naval Energies – the parent company of tidal stream technology outfit OpenHydro – has decided to stop further investments into development of its tidal energy business, forcing the liquidation of the Irish-based subsidiary.According to Irish media reports, Naval Energies requested the liquidation of OpenHydro and its associated businesses as the subsidiary has reportedly accumulated significant debts over the time, with the alleged figures reaching up to €280 million.The decision to cease any additional investments was reinforced, according to Naval Energies, with ‘the lack of commercial prospects’ for tidal stream project development.Three-bladed turbine positions for French tidal stream spinbackIn the fallout of the OpenHydro liquidation, the Chief Executive Officer of another tidal stream technology company Tim Cornelius said that SIMEC Atlantis Energy would be willing to engage in discussions with the French government to save the recently built Cherbourg tidal assembly plant, and deliver the EU-sanctioned Normandie Hydro tidal project within existing support mechanisms.Reacting to Naval Energies’ decision to liquidate its tidal technology subsidiary OpenHydro, Tim Cornelius hinted SIMEC Atlantis Energy was prepared to act as a replacement for the liquidated outfit should the UK-based developer make progress with the French government on the development of large scale arrays in Normandy and Brittany.In-stream tidal giant connects to Nova Scotia power gridTwo days after touching the Canadian seabed in the Bay of Fundy – the 2MW tidal turbine, deployed by Cape Sharp Tidal, has been connected to the Nova Scotia electricity grid.The turbine, plugged into the grid on July 24, 2018, is now undergoing initial commissioning in Minas Passage, at the Fundy Ocean Research Center for Energy (FORCE) site, with operational and environmental monitoring device testing being conducted by the OpenHydro team.This is the second grid-connected tidal turbine to be deployed in the bay by Cape Sharp Tidal after the similar feat was achieved with the first demonstration turbine in November 2016.MeyGen tidal turbines come ashoreSIMEC Atlantis Energy has retrieved two MeyGen tidal power turbines for inspection and maintenance.The retrieval operation took place at an offshore site between Scotland’s northernmost coast and the island of Stroma with the support of Viking Neptun subsea construction vessel, and the ROV crew onboard. Both turbines were retrieved in ‘just over 24 hours’, according to SIMEC Atlantis, which also said the turbines made it safely back to shore for offload at Nigg Energy Park.The turbines – supplied by Andritz Hydro Hammerfest (AHH) – will now be inspected onshore.EU nods ‘yes’ for Raz Blanchard tidal energy demonstrationThe European Commission has found a French project promoting electricity generation from tidal energy – a 14MW Normandie Hydro array – to be in line with European Union State aid rules.The measure will contribute further the EU’s energy and climate goals without unduly distorting competition in the single market, the Commission declared.The Normandie Hydro plant is a demonstration plant that will be developed by OpenHydro and operated by EDF Energies Nouvelles (EDF EN) and will be located at Raz Blanchard, west of the Cotentin peninsula, on the English Channel.However – OpenHydro is now up for liquidation after its parent company Naval Energies declared it was no longer interested in making further investments into tidal energy sector.Following the announcement – deemed by many as a ‘schocker’ – SIMEC Atlantis Energy hinted it was interested in acting as a replacement company in the Normandie Hydro scheme, as well as other developments OpenHydro was involved in – should the French government also express its willingness to support the initiative appropriately.
For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Legendary cricketer Sachin Tendulkar, who is one of the co-owners of the Indian Super League (ISL) outfit Kerala Blasters Football Club, in all likelihood will be selling off his stakes in the franchise before the start of the new season.The decision might come as a blow for the Blasters as Tendulkar had always been an integral part of the set-up and seen cheering the team from the stands in home and away games.Tendulkar has been associated with the franchise since its inception in 2014 and is currently one of the co-owners along with industrialist Nimmagadda Prasad, producer Allu Arjun, actors Nagarjuna and Chiranjeevi.Also Read | Want to buy GOLD jewellery at cheap prices! Don’t miss this golden chance“Yes, there is a high possibility that Sachin might sell off his entire stakes that he had in Kerala Blasters. It had been an emotional association with the franchise but probably it’s time to move on,” an ISL source privy to the development told PTI on Saturday.While it couldn’t be confirmed exactly how much stake Tendulkar had in the franchise, those in the know of things said that it is something around 20 percent.There are rumours that a billionaire industrialist with interest in hypermarket chain and shopping malls will be buying Tendulkar’s stake.Read More | Amid Vijay Mallya controversy, PM Modi says business should be done within rules and lawsTendulkar had bought the Kochi-based franchise back in April 2014 along with entrepreneur Prasad V Potluri.In 2015, Potluri and his company PVP Ventures sold off their stakes and Tendulkar had then become 40 percent stake holder in the franchise. In 2016, Prasad along with the heavyweights of Southern film industry joined forces with Tendulkar.It was learnt that while they bought the 60 per cent stakes, an additional 20 percent was bought from Tendulkar also.
Ghanaian football supporters will on Monday(Today)march against the Canadian High Commission in protest against the denial of visas.The supporters have complained of the high denial rate of visas by Canada which is hosting the FIFA U-20 Women’s World Cup which kicks off on August 5.The protest comes on the back of complaints made by the supporters to Ghana’s Foreign Affairs Ministry to appeal to the High Commission to increase the quota of visas granted to allow for football fans to travel for the tournament. The demonstration is being organised by the Coalition of Ghana supporters and will start from Circle at 10am.” How can you bid for a world cup when you know you will not allow supporters in to watch it? We know not everybody’s document will be perfect but they are bouncing everybody with the same reason,how is that possible?” one of the organisers of the protest complained to Allsports.