Search results for: Arbitration

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  • 26 February 2012
    Business & Finance

    On Friday AMSC had its first arbitration hearing with the Beijing Arbitration Commission. AMSC is seeking $70 million for past product shipments and is seeking enforcement of its contracts with Sinovel Wind Group Co., Ltd (Sinovel), which are valued at approximately $700 million. In addition to arbitration, AMSC has filed three civil lawsuits with the […]

  • 21 March 2017
    Authorities, Business & Finance, Wind Farm Update

    An arbitration tribunal has ruled in favour of Mainstream Renewable Power in relation to the dispute over the Low Carbon Contracts Company (LCCC) terminating the Contract for Difference (CfD) for Mainstream’s 450MW Neart na Gaoithe wind farm off Scotland.

  • 15 February 2016
    Authorities, Business & Finance, Wind Farm Update

    A panel of international arbitrators will today start the hearing in an arbitration between the Windstream Energy LLC and the Government of Canada regarding the US-based company’s CAD 475 million claim for damages under North American Free Trade Agreement (NAFTA) for lost profit due to the Ontario’s moratorium on offshore wind farms in 2011. In November 2009, Windstream submitted eleven FIT […]

  • 13 October 2014
    Business & Finance

    In connection with installation of an English wind farm disagreement arose between MT Højgaard and the owner of the wind farm as to the interpretation of the contract. The owner claimed damages from MT Højgaard and brought the case before the International Court of Arbitration (ICC). Similarly, MT Højgaard filed counterclaims with the ICC. The […]

  • 17 September 2014

    AMSC, a global solutions provider serving wind and power grid industry leaders, issued several updates regarding its litigation with Sinovel Wind Group, Ltd (Sinovel). In the trade secret infringement case, the Beijing Higher People’s Court upheld AMSC’s position by rejecting Sinovel’s appeal to  transfer the case to the Beijing Arbitration Commission. Additionally, the first substantive […]

  • 30 May 2012
    Authorities

    AMSC, a global solutions provider serving wind and grid leaders, announced that its appeal to China’s Supreme People’s Court has now been accepted. AMSC’s appeal relates to the Hainan Higher Court’s decision on April 5, 2012 to uphold the Hainan Province No. 1 Intermediate People’s Court’s dismissal of AMSC’s civil case against Sinovel Wind Group Co., […]

  • 10 April 2012
    Business & Finance

    AMSC, a global solutions provider serving wind and grid leaders, today announced it has filed an appeal with China’s Supreme People’s Court. AMSC’s appeal relates to the Hainan Higher Court’s decision on April 5, 2012 to uphold the Hainan Province No. 1 Intermediate People’s Court’s dismissal of AMSC’s civil case against Sinovel Wind Group Co., […]

  • 10 August 2012
    Business & Finance

    “The engagement in the wind industry will be discontinued,“ said the Norwegian fabricator Kvaerner in the 2nd quarter and half year 2012 report. The company has delivered 19 of 48 wind jackets including the transformer jacket for the Nordsee Ost project during the second quarter. The RWE’s ”on-going Nordsee Ost offshore wind jacket project has […]

  • 20 February 2014
    Authorities, Business & Finance

    AMSC yesterday announced that China’s Supreme People’s Court has decided in favor of AMSC on the jurisdiction of the company’s two software copyright infringement cases against Sinovel Wind Group, Ltd. (Sinovel) and Guotong Electric (Guotong). The Supreme People’s Court ruled that the cases will be heard as copyright infringement cases separate from the commercial arbitration […]

  • 3 August 2012
    Business & Finance

    Fluor held a second quarter 2012 conference call yesterday. The company’s management reviewed results and discussed the trends seen in the second half of the year. Among other things, Fluor’s Chairman and CEO David Seaton commented on Greater Gabbard offshore wind farm, saying that the project is “substantially complete” and that the company is currently […]

  • 22 February 2017
    Authorities, Business & Finance

    Windstream Energy yesterday filed an enforcement application with the Ontario Superior Court after the Government of Canada failed to comply with the terms of payment following a ruling from September 2016, which awarded the company with more than CAD 28 million in damages for its stalled 300MW offshore wind project in Lake Ontario.

  • 26 May 2013
    Authorities, Technology

    AMSC, a global solutions provider serving the wind and power grid industry, has announced that China’s Supreme People’s Court has scheduled a hearing for May 29, 2013 to review the jurisdiction of AMSC’s software copyright infringement cases against Sinovel Wind Group Co, Ltd (Sinovel) and Guotong Electric. During the proceedings, the court is expected to […]

  • 14 April 2017

    The Ontario government has paid more than CAD 28.1 million in damages to Windstream Energy for the company’s stalled 300MW project in Lake Ontario following Ontario’s moratorium on offshore wind farms in 2011, according to The Canadian Press.

  • 15 February 2012
    Business & Finance

    AMSC, a global solutions provider serving wind and grid leaders, today provided an update regarding its legal actions in China. As previously reported, AMSC has filed for arbitration and has filed three civil lawsuits in the Chinese courts against Sinovel Wind Group Co., Ltd. (Sinovel) and companies related to Sinovel. In total, AMSC is seeking […]

  • 19 November 2012
    Business & Finance

    Fluor announced that the company received an adverse decision from an arbitration panel regarding its claims for additional compensation related to the Greater Gabbard Offshore Wind Farm Project. Through its claims, the company sought to recover compensation for schedule and cost impacts arising from delays, disruption and productivity issues which the company believes were attributable […]

  • 30 April 2013
    Business & Finance

    Vattenfall’s Board of Directors has announced that Christer Danielsson from Frank Advokatbyrå will be in charge of the investigation to find out if Vattenfall’s CEO Øystein Løseth received additional compensation when Vattenfall acquired the Dutch company Nuon in 2009. “Christer Danielsson is an extremely qualified lawyer and lives up to all the demands for impartiality […]

  • 25 October 2012
    Authorities, Technology

    AMSC, a global solutions provider serving wind and grid leaders, has announced that China’s Supreme People’s Court has scheduled a hearing for October 26, 2012 regarding one of AMSC’s copyright infringement cases against Sinovel Wind Group Co., Ltd. (Sinovel). The hearing relates to the Beijing No. 1 Intermediate People’s Court’s decision to reject Sinovel’s request […]

  • 12 April 2012
    Business & Finance

    According to the latest developments Fluor Corp. (FLR) will be faced with a counterclaim, to be raised by RWE AG (RWE) and SSE Plc (SSE) in respect to the North Sea offshore wind farm, Bloomberg reports. The dispute between the aforementioned parties stems from the fact that Greater Gabbard, the joint venture between RWE and […]

  • 14 October 2016
    Authorities, Business & Finance, Wind Farm Update

    An arbitral tribunal appointed under the North American Free Trade Agreement (NAFTA) has ruled that Canada is to pay around CAD 28 million in damages and legal costs to the U.S. firm Windstream Energy LLC, the developer of the 300MW offshore wind power project in eastern Lake Ontario. A three-member panel appointed by the Permanent Court of Arbitration in The […]

  • 14 February 2020
    Business & Finance

    Canadian energy infrastructure company Enbridge Inc. has reported an adjusted EBITDA of CAD 119 million (EUR 82.9 million) at its Renewable Power Generation division in the last quarter of 2019, CAD 21 million more than in the same period a year earlier. The increase was attributed to contributions from the 497MW Hohe See offshore wind […]

  • 25 April 2012

    BIMCO’s Documentary Committee, chaired by Mr Karel Stes, gathered in Singapore for its spring meeting on 23 April. The Committee’s contract experts reviewed a number of new contracts and clauses dealing with a wide variety of topical subjects ranging from wind farms to solid bulk cargoes that can liquefy. A new standard pooling agreement was […]

  • 28 October 2016
    Business & Finance, Operations & Maintenance, Vessels

    Fred. Olsen Ocean’s offshore wind segment reported NOK 428 million operating revenue in the third quarter of 2016, compared with NOK 254 million in the same period in 2015, mainly due to higher utilisation and rates from the jack-up installation vessels Brave Tern and Bold Tern. The segment includes Fred. Olsen Windcarrier AS and Universal Foundation […]

  • 7 September 2012
    Wind Farm Update

    All of the 140 turbines at  Greater Gabbard, the 500MW (megawatt) offshore wind farm developed in the Thames Estuary by Greater Gabbard Offshore Winds Limited (GGOWL) have been commissioned and exported electricity. GGOWL is now responsible for the day-to-day operation of the complete wind farm. GGOWL is a 50-50 joint venture partnership between a subsidiary […]

  • 12 May 2016
    Authorities, Business & Finance, Grid Connection, Wind Farm Update

    Mainstream Renewable Power is currently in arbitration with the Low Carbon Contracts Company (LCCC) over the terms of its CfD contract for the 450MW Neart na Gaoithe offshore wind farm in the outer Firth of Forth, Scotland. The project has supposedly lost the CfD due to an ongoing judicial review requested by the Royal Society for […]

  • 28 November 2016
    Authorities, Business & Finance, Environment, Ports & Logistics, R&D

    In a random sampling of public opinion taken by the Forum Poll among 1,184 Ontario voters, over one half, or 52%, favour offshore wind farms. 26% of the voters polled disapprove offshore wind farms and 22% do not have an opinion on the matter. The poll has also shown that almost two thirds (65%) of […]

  • 2 May 2019
    Business & Finance

    Ørsted has reported DKK 3.6 billion operating profit (EBITDA) from its offshore wind farms in operation in the first quarter of 2019, a year-on-year increase of 13% mainly driven by a ramp-up in generation from the Borkum Riffgrund 2 and the Walney Extension wind farms. Power generation from offshore and onshore wind increased by 31% […]