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  • 26 March 2020
    Business & Finance

    EnBW reported an adjusted EBITDA of EUR 482.8 million in the Renewable Energies division in 2019, a 62.2% rise compared to the previous year. According to EnBW, the growth is due to the overall improvement in wind conditions at offshore and onshore wind farms in Germany, as well as due to earnings contributions from onshore […]

  • 11 March 2019
    Business & Finance

    PNE AG has lowered the expected profit for the 2018 financial year due to an anticipated loss of circa EUR 10.8 million invested in three offshore wind projects in Germany. PNE AG made stock value adjustments on the Jules Verne, Nautilus and Nemo projects located in Zone 4 of the German exclusive economic zone because […]

  • 6 January 2020
    Business & Finance

    Siemens Gamesa has reached EUR 1.72 billion in green guarantee lines by the end of 2019. Siemens Gamesa recently extended a guarantee line from Danske Bank from an initial EUR 100 million to EUR 150 million and included Sustainable Development Goals (SDG) criteria. The company had also signed and included similar conditions for a new […]

  • 31 March 2014
    Business & Finance

    German wind farm developer PNEWIND AG has published its annual report for 2013, which turned out to be the most successful fiscal year in the company’s history. At the same time, the company has significantly expanded its operational activities in the first quarter of 2014. “2013was not only an outstanding year financially for PNE WIND […]

  • 10 May 2016
    Business & Finance, Operations & Maintenance, R&D

    Hamburg-based wind turbine maker Senvion recorded EUR 29 million revenue generated by its offshore wind segment in the first quarter of 2016, a 3.6% increase compared to EUR 28 million offshore wind-related  revenue reported for the same period a year earlier. Net firm orders for the quarter stood at EUR 1.8 billion, with 35 percent […]

  • 7 March 2019
    Business & Finance

    The offshore wind and cable activities delivered a substantially lower contribution to Boskalis’ Offshore Energy division in 2018, which was attributed to project-specific operational and contractual issues on certain projects, the company said. EBITDA from the Offshore Energy segment amounted to EUR 111.3 million in 2018, with an operating result of EUR 5 million. In 2017, […]

  • 23 March 2020
    Business & Finance

    Van Oord has reported a revenue of EUR 571 million in its offshore wind business unit in 2019, a 23.6% decrease compared to the EUR 706 million in 2018. Van Oord states that this decrease in offshore wind activities was driven by the smaller number and size of projects currently under construction. Overall in 2019, […]

  • 13 August 2010
    Business & Finance

    Sales EUR 213.1 million. Operating result EUR 1.5 million. Net earnings EUR 1.8 million. In the first quarter of 2010/11, the REpower Systems Group (securities identification number: 617703) recorded sales of EUR 213.1 million, compared with EUR 300.7 million in the same period of the previous year. Total performance saw a decline from EUR 287.1 […]

  • 18 April 2016
    Authorities, Business & Finance, R&D, Technology

    Basque Energy Agency (Ente Vasco de la Energía; EVE) will back demonstration and validation of marine renewable energy technologies with EUR 500,000 this year, as part of a EUR 10 million aid programme for energy efficiency and renewable energy in 2016. Under the programme, a budget of EUR 1.7 million has been set aside to support the renewable energy sector, including […]

  • 6 May 2015
    Authorities, Business & Finance, R&D, Technology

    The European Commission’s research and innovation programme Horizon 2020 has granted EUR 17 million in funding for the Clean Energy From Ocean Waves (CEFOW) research project that is coordinated by Fortum. The mission of the five-year project is to research and develop the use of the Penguin wave energy converter, developed by the Finnish company Wello, in electricity grid connected […]

  • 9 November 2015
    Business & Finance, Grid Connection

    German wind farm project developer PNE Wind AG is optimistic about the future on the account of a well-filled development pipeline for offshore and onshore wind projects, Markus Lesser, the company’s Interim CEO and COO, said in the company’s financial report for the quarter ended September 30. At the end of the third quarter 2015, the Cuxhaven-based […]

  • 16 March 2020
    Authorities, Business & Finance, Grid Connection

    The European Commission has released EUR 980 million of funding for key European energy infrastructure projects with major cross-border benefits. The EU funding comes from the Connecting Europe Facility (CEF), the European support programme for trans-European infrastructure. This is seen as a crucial instrument to deliver on the Green Deal, one of the political priorities […]

  • 30 July 2019
    Business & Finance

    Siemens Gamesa reported a 12% year-on-year increase in revenue in the first nine months of the 2019 fiscal year, to EUR 7,283 million, driven by record activity in offshore wind. Siemens Gamesa also saw a 23% rise in revenue year-on-year in the third quarter, amounting to EUR 2,632 million, said to be driven by strong performance in all […]

  • 25 April 2017
    Business & Finance, Operations & Maintenance, Vessels

    Danish jack-up vessel owner Ziton has reported EUR 29 million revenue for the Fiscal Year 2016, a near 219 per cent increase compared to EUR 9.1 million revenue recorded a year earlier. Ziton more than tripled its revenue in 2016 on the back of increased activity levels and higher utilisation rates for the company’s fleet of specialized jack-up […]

  • 27 July 2011
    Business & Finance

    According to initial calculations REpower Systems SE (WKN 617 703) generated a total performance of EUR 248.3 million in the first quarter of fiscal year 2011/12 (April 1, 2011 – June 30, 2011) compared to EUR 204.0 million in the previous year’s period. Revenue increased by around 23% year-on-year from EUR 213.1 million to EUR […]

  • 11 October 2016
    Business & Finance, Grid Connection

    Transmission systems operator TenneT Holding B.V. has issued a new, EUR 500 million Green Bond, bringing its total long-term debt in green format to EUR 3 billion. TenneT launched and priced the 17-year Green Bond issue with a coupon of 1.25% with the support of three banks, Lloyds Bank, Rabobank and Royal Bank of Scotland. The company […]

  • 9 May 2016
    Authorities, Business & Finance

    Dutch foundation components manufacturer Sif Holding N.V. has revived its plans for the Initial Public Offering (IPO) on Euronext Amsterdam, with up to 35% of the company’s issued ordinary shares held by GKSE Holding B.V. scheduled to start trading on 12 May. Sif and GKSE Holding had initially scheduled the IPO for 12 February 2016, which was postponed due to ”deteriorated and volatile capital […]

  • 7 June 2011
    Business & Finance

    The REpower Systems Group achieved total performance of EUR 1.28 billion (previous year: EUR 1.33 billion) in the 2010/11 fiscal year (April 1, 2010 to March 31, 2011). Revenues dropped from EUR 1.30 billion to EUR 1.22 billion. At EUR 86.0 million, EBIT was down 12.5% on the previous year (EUR 98.3 million). The EBIT […]

  • 1 August 2014
    Business & Finance

    French energy company, Areva, was hit by the loss of EUR 373 million from discontinued renewables activities. It comes as a result of provisions for losses at completion on wind, including offshore, and solar contracts. Chief Executive Officer Luc Oursel said: “The group continues to restructure its operations in renewable energies by entering into partnerships […]

  • 26 August 2015
    Business & Finance

    In the second quarter of 2015, Vestas generated revenue of EUR 1,749m, an increase of 30 percent compared to the year-earlier period. EBIT before special items increased by EUR 41m to EUR 145m. The intake of firm and unconditional wind turbine orders amounted to 3,018 MW in the second quarter of 2015. The value of […]

  • 28 December 2017
    Business & Finance, R&D

    Copenhagen Infrastructure Partners’ (CIP) fund Copenhagen Infrastructure III (CI III) had its sixth close on 27 December with total commitments reaching approximately EUR 2.8 billion after nine months of fundraising.

  • 12 May 2011
    Business & Finance

    In the first quarter of 2011, RWE Group turnover was EUR 15.8 billion, up 3% on the same period the previous year. As already forecast, there was a decline in the key earnings figures: at EUR 2.8 billion, the operating result was down 5% on 2010 and recurrent net income was down 7% on the […]

  • 15 March 2012

    EnBW Energie Baden-Württemberg AG, Karlsruhe, successfully increased the hybrid bond issued in October 2011, which had an initial volume of € 750 million, by a further € 250 million. The bond met great investor interest and was oversubscribed several times. The terms of the increase correspond to those of the bond issued in October and […]

  • 24 March 2016
    R&D, Technology

    French National Research Agency (ANR) and France Energies Marines have teamed up and made available EUR 3 million in a new round of funding for marine renewable energy projects. The supported projects must be collaborative, and approved by France Energies Marines, or represent a partnership between an SME and an approved public research body. Projects of […]

  • 12 December 2014
    Business & Finance

    Gamesa signed a €750 million syndicated loan agreement with a single bullet repayment in December 2019. This agreement, entered into with a syndicate of 15 Spanish and international financial institutions, structures the two existing syndicated loans, which originally matured in June 2016 and June 2018, respectively, into a single revolving loan, thereby lengthening the average […]

  • 30 April 2015
    Business & Finance

    Dong Energy has issued hybrid securities of EUR 600 million with first par call date on 6 November 2020. The new issuance is a refinancing of the existing hybrid security issued in 2005, which will be called on its first par call date being 29 June 2015. The maturity date for the hybrid securities is 6 November 3015 […]