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  • 10 November 2017
    Business & Finance

    EnBW plans to continue the strategic reorientation and invest heavily in growth areas such as the Grids and Renewable Energies segments, with a particular focus on wind power, the German energy company’s Chief Financial Officer (CFO) Thomas Kusterer said.

  • 14 August 2014
    Business & Finance

    Royal Boskalis Westminster N.V. (Boskalis) realized a net profit of EUR 253 million in the first half of 2014 (H1 2013: EUR 123 million). Revenue rose 21% in the first half of the year to EUR 1.5 billion (H1 2013: EUR 1.3 billion). Organic revenue growth was 13.4%. EBITDA amounted to EUR 466 million in […]

  • 3 April 2012
    Business & Finance

    The new Chief Executive Officer of Nordex SE, Dr. Jürgen Zeschky, presents the group accounts for the first time. In addition, Zeschky underscores that the Management Board, acting with the approval of the Supervisory Board, has decided to continue on the path of strategic reorientation already announced in recent months. Nordex will focus on its […]

  • 30 July 2020
    Business & Finance

    German energy company EnBW’s Renewable Energies segment more than doubled its operating result in the first six months of 2020, mainly due to the Hohe See and Albatros offshore wind farms coming into operation. The company’s renewables segment reported an operating result (adjusted EBITDA) of EUR 426 million, a 108 percent increase compared to EUR […]

  • 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 […]

  • 20 March 2015

    Recently, the company which carries out maintenance work on the wind farms in the North Sea celebrated 3,000 consecutive days with no accidents. Royal Netherlands Sea Rescue Institution (KNRM) benefited from this event as Dirk Dewettinck, Service Director of MHI Vestas Offshore Wind handed EUR 3,000 check to the organisation. “Although no accidents occurred for […]

  • 8 December 2014
    Authorities, Business & Finance

    The Norwegian Government has proposed to strengthen the equity in Statkraft SF with NOK 10 billion (EUR 1.13 billion). This will be achieved through an equity contribution of NOK 5 billion (EUR 5.68 billion). The remainder of the strengthening will be realized through reductions in future dividends. “We are very pleased with the Government’s support […]

  • 15 September 2015
    Authorities, Business & Finance, R&D, Technology

    Aquamarine Power and the National University of Ireland, Maynooth (NUIM) have together secured an €800,000 EU Horizon 2020 grant to improve the performance of Aquamarine Power’s Oyster wave energy converter. The company has already built and operated two full-scale Oyster machines at the European Marine Energy Centre in Orkney. The new Brussels-backed programme – called […]

  • 28 February 2012

    On basis of its provisional consolidated financial statements, the Nordex Group closed 2011 in line with its current forecast. In November 2011, the Management Board announced that Nordex would be reporting lower sales and an operating loss of around EUR 10 million for the year as a whole. Highlights: Sales down 5% to EUR 921 […]

  • 5 January 2016
    Business & Finance

    Aegon Asset Management (AAM) and its French joint venture partner La Banque Postale Asset Management (LBPAM) have invested EUR 70 million in the 288MW Meerwind offshore wind farm. Aegon Asset Management has invested EUR 45 million in the wind farm, with LBPAM providing the remaining EUR 25 million. AAM, which recently signed the Paris Pledge for Action, […]

  • 6 May 2020
    Business & Finance

    The ongoing COVID-19 pandemic affected Siemens Gamesa’s operations and commercial activity, leaving a EUR 56 million mark on the company’s profitability in its second quarter of the fiscal year 2020 (January–March). Siemens Gamesa adjusted its operations to employ COVID-19 health and safety measures, and applied new solutions to ensure operations continue. The latter included re-routing […]

  • 26 April 2011

      LM Wind Power Group showed significant resilience in the light of continuing difficult global market conditions with revenue of EUR 727.5 million, 6.4% lower than previous year. Profit margin of EUR 125.1 million is 9% lower than EUR 137.4 million achieved in 2009. LM Wind Power’s revenues for the 12 months to 31 December […]

  • 26 November 2012
    Business & Finance

    In July 2012 (ref. company announcement No. 30/2012 of 31 July 2012), Vestas agreed with its lenders to defer the half-year testing of the financial covenants. Following this and during the autumn of 2012, Vestas has conducted a thorough review of the future funding requirements of the company’s new operating business model. The review shows […]

  • 15 November 2016
    Business & Finance, Operations & Maintenance

    German wind turbine manufacturer Senvion more than tripled its revenue from the sale of offshore wind turbines in the third quarter of 2016, which the company attributed to progress on the Nordsee One and the Nordergründe offshore wind projects. Offshore wind turbines brought Senvion EUR 88.3 million in revenue in the third quarter of 2016, a […]

  • 8 August 2018
    Business & Finance

    E.ON saw an EUR 31 million increase in sales at its Renewables segment in the first half of 2018, mostly influenced by higher output due to the commissioning of new offshore and onshore wind farms.

  • 30 May 2016
    Business & Finance

    Dutch foundation components manufacturer Sif Holding N.V. has reported EUR 108.4 million in revenue for the first quarter of 2016, a 141% increase compared to EUR 44.9 million revenue in Q1 2015, mostly driven by the maximum production capacity reached at the company’s offshore wind division throughout the quarter. EBITDA amounted to EUR 16.9 million compared to EUR 10.7 million […]

  • 3 December 2015
    Business & Finance, Operations & Maintenance

    Siemens saw a 21% decrease in orders received through its Wind Power and Renewables division in Fiscal Year 2015, driven largely by a sharply lower volume of large orders, particularly in the offshore business, the company said in its Annual Report 2015. The orders received in FY 2015 reached EUR 6.14 billion, as compared to EUR 7.76bn worth of […]

  • 13 June 2017
    Business & Finance, Grid Connection

    Transmission system operator (TSO) TenneT Holding B.V. has launched and priced another Green Bond issue under its green bond program of EUR 1 billion.

  • 10 January 2012

    Wind turbine manufacturer Nordex recorded new orders of around EUR 400 million in the fourth quarter of 2011 (Q4/2010: EUR 306 million), translating into a 32 percent full-year increase in new business to EUR 1.1 billion in 2011 (2010: EUR 836 million). Originally, Nordex had projected growth of 20 percent to EUR 1 billion. In […]

  • 6 March 2013
    Business & Finance

    Despite difficult market conditions, RWE AG had a good financial year in 2012. The energy company achieved an EBITDA of EUR 9.3 billion and an operating result of EUR 6.4 billion – both up 10% on the previous year and therefore higher than the outlook published in March 2012. Revenue increased to EUR 53.2 billion. […]

  • 21 December 2018
    R&D, Technology

    The Danish Government Scheme for Energy Technology Development and Demonstration Program (EUDP) has awarded DKK 16 million (more than EUR 2 million) to Rope Robotics.

  • 1 August 2016
    Authorities, Business & Finance, Technology, Wind Farm Update

    The Dutch government could spend up to EUR 2 billion less than planned on subsidies for energy generated by offshore wind as the costs to build and operate offshore wind farms have fallen sharply in recent years, according to the Financieele Dagblad (FD).  The country’s Energy Agreement from 2013 stipulated that up to EUR 18 billion of state aid […]

  • 13 May 2011
    Business & Finance

      According to provisional calculations REpower Systems AG (Prime Standard, WKN 617703) generated a total performance of EUR 1,275.7 million and recorded revenues of EUR 1,216.1 million. These figures correspond to a decline of 4.1% and 6.7% respectively compared to the same period of the previous year (total performance: EUR 1,330.4 million, revenues: EUR 1,303.6 […]