South Korean firm invest in UK wind towers

SSE has sold its 80% stake in Machrihanish-based Wind Towers Scotland (WTS) to South Korea-based CS Wind.

WTS was created in 2011 by SSE and economic development agency Highlands & Islands Enterprise to build and maintain wind turbine towers.

CS Wind plans to invest £14 million in the factory and create 70 jobs.

> See SSE's statement

Atlantis attracts investor Equitix for tidal projects

Tidal energy developer Atlantis Resources has struck a partnership deal with London-based infrastructure fund Equitix.

Under the agreement, Equitix acquire at least 25% of each Atlantis project company at financial close of each project.

In a separate announcement Atlantis, behind the Meygen project in Scotland, said Belgium offshore services group DEME was investing £2m for a 2% stake in its Tidal Power Scotland Limited business.

> Read Atlantis's announcement

Wind industry body rebrands

The European Wind Energy Association (EWEA) has been re-branded as “WindEurope”.

The trade body has also elected Francesco Venturini, Chief Executive at Enel Green Power, as its new chairman.

He succeeds Markus Tacke, Chief Executive at Siemens Wind Power & Renewables, who has served in the post since October 2014.

> Find out more

Carbon capture project wins £2.8m grant

The Scottish Carbon Capture & Storage (SCCS) research partnership has been awarded £2.8 million by the Engineering & Physical Sciences Research Council (ESPRC).

Scientists will look at how carbon-capture and storage technology can be used to help reduce carbon dioxide emissions from the manufacturing sector.

Companies taking part in the projects include Diageo, Scotland’s largest whisky maker.

> See the SCCS's statement

Homebuilder launches hydro project

Glasgow-based housebuilder Mactaggart & Mickel has launched a hydro-electric scheme at its Carrongrove site in Denny, near Falkirk.

The 500kW scheme was built by TLS Hydro Power and will produce enough electricity for up to 500 homes.

The site was occupied for 180 years by the Carrongrove Paper Mill, which also used the River Carron for hydro-power.

> Find out more