Search results for: Morgan

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  • Hochtief Reports 3Q Net Profit of EUR 98.7 Million (Germany)

    16 November 2011
    Business & Finance

    HOCHTIEF’s operating business performed as planned in the third quarter of 2011: The Group is in the black, with profit before taxes of EUR 333.0 million and consolidated net profit of EUR 98.7 million. That means HOCHTIEF achieved turnaround in the operating business, although it has not yet fully made good the loss incurred in […]

  • Industry Primer: Wind Energy 2010

    1 February 2011
    R&D

    Research and Markets has announced the addition of the “Industry Primer: Wind Energy 2010” report to their offering. This comprehensive primer on the wind industry covers the entire wind value chain, from components manufacturers to wind farm owner/operators. The 122-page report is intended to help institutional investors, lenders and private equity professionals quickly get up […]

  • UK: SSE Announces Half Year Results

    14 November 2012
    Business & Finance

    SSE plc has announced half year results for the six months to September 2012. Lord Smith of Kelvin, Chairman of SSE, said:  “SSE’s focus is always on full-year results, because the potential for volatility is always much greater in a half year period, but it is obviously encouraging that adjusted profit before tax in the […]

  • Maryland Companies Come out in Numbers to Meet Offshore Wind Contenders

    10 March 2017
    Business & Finance, Contracts & Tenders, Operations & Maintenance, Technology

    Maryland Offshore Wind Industry Breakfast attracted more than 150 local companies who met with representatives form Deepwater Wind and US Wind to discuss their potential involvement in the two projects currently in contention for the state’s Offshore Renewable Energy Credit (OREC), the Business Network for Offshore Wind, the organiser of the event, said.

  • Gamesa Announces Plans to Base the Worldwide Centre of its Offshore Business in the UK, Investing up to 150 Million Euros Through 2014

    25 October 2010
    Business & Finance, R&D

    Gamesa, a world leader in wind energy technology, intends to choose the United Kingdom as the worldwide centre of its offshore wind energy business, and plans to invest up to 150 million euros there by 2014. The offshore industrial plan, which Gamesa plans to implement beginning in 2011 in the UK, calls for the creation […]

  • Renewables Industry Forced to Search for Innovative Financing Solutions

    28 August 2013

    The tradeoff between rising energy costs and the low carbon agenda continues to see policy makers retreating from traditional renewable energy support mechanisms; forcing the industry to look for innovative financing solutions. At the same time, energy mix optimization has come to the fore, particularly in emerging markets, with governments increasingly seeing the need to […]

  • USA: General Cable Corporation Announces Q1 Results

    1 May 2012

    General Cable Corporation, one of the most globally diversified industrial companies, reported today results for the first quarter ended March 30, 2012. Non-GAAP adjusted earnings per share for the first quarter were $0.48. Operating income of $53.4 million exceeded management’s expectation as metal cost headwinds subsided and volume was better than expected during the quarter. […]

  • Banking Syndicate Complete Financing for Offshore Wind Farm EnBW Baltic 1 (Germany)

    5 December 2011
    Business & Finance

    Already since May 2011 the wind farm EnBW Baltic 1 has been delivering green power from the Baltic Sea – since Friday its long-term financing is also in place: a banking syndicate comprised of the European Investment Bank (EIB), KfW IPEX-Bank, Landesbank Baden-Württemberg (LBBW) and NIBC Bank N.V. will extend a loan amounting to EUR […]

  • UK: Marine Renewables Play Key Role in All-Energy 2012

    14 May 2012

    All-Energy, the UK’s largest exhibition and conference dedicated to renewable energy being held in Aberdeen on Wednesday 23- Thursday 24 May, is just over a week away. Not surprisingly in a city – The Energy City – where offshore interests (oil, gas and fishing) are so important, marine renewables in the form of offshore wind, […]

  • Nation’s First Offshore Wind Test Lab to Open at University of Maine in October (USA)

    17 June 2011

      The effort to capture wind power more than 40 miles off the Maine coast using massive floating wind turbines continues on schedule – with lab trials at the University of Maine just completed in May, a first-in-the-nation offshore wind test lab opening at the University of Maine in Orono in October and preparations under […]

  • Scotland – World Leader in Offshore Renewables Development

    23 May 2012

    Scotland is leading the world in the development of offshore renewables – according to two senior figures from development agency Highlands and Islands Enterprise (HIE). HIE Chief Executive, Alex Paterson and Director of Energy and Low Carbon, Calum Davidson are both presenting at the All-Energy exhibition and conference in Aberdeen tomorrow [Thursday 24 May]. Mr […]

  • Denmark: Dong Inaugurates New Compound for Anholt Offshore Wind Farm

    3 May 2012

    On 1 April 2011, DONG Energy took over two old cold stores at the port of Grenaa, and since then craftsmen have been working hard on rebuilding them to a new operating and service building for the around 50 employees, who will manage the future operation and maintenance of Anholt Offshore Wind Farm. The construction […]

  • IBERDROLA RENOVABLES 1st half Ebitda rose 21% to €706.7 million (Spain)

    21 July 2010
    R&D

    IBERDROLA RENOVABLES, global wind energy leader(1)(1) See explanation , recorded gross operating income of €706.7 million in the first half of 2010, a rise of 21.5% over the same period last year. This increase was driven by the Company’s geographical diversification which enabled it to offset uneven performance across its markets, as well as by […]

  • Interview: Specialized Vessels Give Chevalier Floatels a Competitive Edge in Offshore RE Industry

    15 May 2016
    Business & Finance, Operations & Maintenance, Vessels

    Oil and gas offshore service vessel operators are becoming increasingly interested in the offshore renewables industry as their main market deteriorates; however, vessel operators that specialize in the renewables sector such as Chevalier Floatels have an edge over the new competitors in that their vessels are finely tuned to serve the renewables market with streamlined execution and cost-efficiency, Marcel Roelofs, the Dutch company’s […]

  • Internationalisation Puts Gamesa in Strong Growth Position (Spain)

    28 July 2011
    Business & Finance

    Progress in internationalisation together with efficiency and sustained performance in all business lines placed Gamesa in a strong growth position in the first half of 2011, with results in line with annual guidance in terms of volume, profitability and debt. Gamesa’s consolidated revenues amounted to 1,297 million euro (+26%) in 1H11, EBIT was 62 million […]

  • Gamesa Looks to Establish Offshore Wind Technology Centre in Scotland

    20 January 2011
    Business & Finance

    * Proposals unveiled for technology centre in Glasgow, creating 130 jobs * Scottish authorities have been informed of the company’s interest in developing an industrial base for manufacturing, logistics and operation and maintenance (O&M) activities in the Dundee area, conditional upon development of offshore wind projects in the area, securing government support and the availability […]

  • Subsea operations

    6 April 2012

    The offshore wind industry, it would appear, has been plagued by schedules and budgets that have far exceeded expectations, a trend that will inevitably become less of a headline-grabber as more farms come on line and experience is gained. The oil and gas industry, after all, went through similar teething issues in its heady early […]

  • Marine Energy Event: “Marine Energy Is Not a Niche Market”

    16 October 2017

    Marine Energy Event, held on October 11, 2017, as part of Offshore Energy Exhibition & Conference (OEEC) 2017 in Amsterdam, gathered a great number of industry experts who discussed the latest in marine energy with a focus on conditions for commercial success which was also the topic of this year’s event.

  • Cost reduction: Safety is safety in any language

    8 August 2013

    Offshore wind power is about as pure as energy generation gets. However, it is frustrating that statutory regulations in a key area, the deployment of novel vessels that service the industry, muddy these crystal waters. While a wind farm is rooted to the seabed, generating clean energy for decades to come, owners and operators may wish to transport their valuable project experience […]

  • The Crown Estate: Landmark Year for Offshore Wind Industry

    26 June 2014
    Authorities, Business & Finance

    The Crown Estate, an independent commercial business, created by Act of Parliament, has today announced another record return for the benefit of the public finances and an overall performance which is significantly ahead of the market, as its portfolio value hits an all-time high. Results summary Record return to Treasury for the benefit of the public finances:£267.1 […]

  • RenewableUK Reports on Wind Energy Performance

    30 October 2012
    R&D

    RenewableUK has issued a report on the ongoing state of the wind energy industry in the UK. In the first part of the report, wind energy performance is discussed, with a focus on the current status and electricity mix. The report also gives prediction for the future state of renewable energy in the country, which […]

  • TIME Initiative to Measure Turbulence Off Pentland Firth

    8 September 2014
    R&D

    The most extensive science and engineering research project to take place in Caithness for many years is occurring this month (September, 2014) from a base at Gills Harbour, on the shores of the ‘s Inner Sound. Expensive high-tech equipment, under the TIME initiative, has been laid on the Sound’s seabed from the 25-metre-long ‘multi-cat’ vessel […]

  • UK: Centrica Releases Interim Management Statement

    11 May 2012

    Centrica has published an interim management statement. “Overall, Centrica is trading in line with expectations, with the benefit of higher wholesale gas and power prices upstream broadly offsetting the impact of mild weather in the first quarter on the downstream business. We are beginning to see a contribution from our recent acquisitions, in both UK […]

  • Offshore Wind: Importance of Bird Density and Breeding Season Definitions

    24 November 2014
    Environment, R&D

    Andrew Tongue, a Senior Research Assistant with the RSPB Centre for Conservation Science, has written an MSc dissertation titled “Implications for offshore wind farm ornithological Cumulative Impact Assessment: How the manipulation of density and breeding season parameters affects the outcomes of Collision Risk Modelling”.  Mr. Tongue’s current research interests include the impacts of renewable energy developments […]

  • The Netherlands: Ballast Nedam Profit Up 28,57 pct

    9 March 2012
    Business & Finance

    Ballast Nedam has performed well, certainly considering the bleak market conditions, increasing competition and price pressure. This situation will persist in the coming years. The operating profit achieved of € 19 million was in line with the forecast issued in March last year of between € 15 million and € 20 million. The profit for […]

  • UNEXPLODED ORDNANCE (UXO): Unexploded ordnance does not go away

    6 April 2015

    The threat of unexploded ordnance (UXO) in the marine environment never completely goes away. The types of munitions that might be encountered in the North Sea today consist of High Explosive (HE) bombs and sea mines, which are there not only as a result of military activities associated with both World Wars, but also extensive […]