Search results for: cashing

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  • 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 […]

  • 21 January 2016
    Business & Finance, Grid Connection, Wind Farm Update

    Gothaer Leben Renewables GmbH has acquired an equity stake in the 110 MW Nordergründe offshore wind farm, wpd AG, the developer and the future operator of the wind farm said in a statement. Gothaer reportedly invested EUR 60 million in the project.  “We are very pleased that we have been able to win Gothaer as a renowned and […]

  • 6 May 2014
    Business & Finance, Technology

    Nenuphar SA, a Lille-based company, has secured €15 million of funding in an equity round. The transaction has attracted participation of new investors, Areva S.A. and FCPR Ecotechnologies and an existing investor, IDInvest Partners. Each partner will individually invest €5 million in the transaction. Nenuphar was founded in 2006 with the objective to design a […]

  • 22 February 2018
    Business & Finance, Wind Farm Update

    Private markets investment manager Partners Group has raised EUR 3 billion in the latest round of project fundraising, a portion of which will go towards the 730MW Borssele III & IV offshore wind farm.

  • 10 April 2014

    Marine Current Turbines (MCT) hosted a visit by Edward Davey, UK Secretary of State for Energy and Climate Change to celebrate its success in receiving funding from the Regional Growth Fund (RGF) for research and development into innovative tidal technology. Mr Davey was in Bristol to announce the next round of RGF funding, which will provide a £18 million […]

  • 7 January 2015
    Business & Finance

    Danish wind turbine manufacturer, Vestas, has upgraded its free cash flow expectation to EUR 850 million.  According to the company, the previous expectation of  EUR 400-700 million was changed based on preliminary report. “The improvement is primarily driven by a better-than-expected development of the net working capital,” the company stated. The company will disclose the annual report […]

  • 9 October 2012
    Business & Finance

    Wave energy developer Carnegie Wave Energy Limited (CWE) announces that it expects to receive a cash payment under the new Australian Federal Government’s Research and Development Tax Incentive of approximately $1.1m in the coming weeks. The new Research and Development (R&D) tax incentive replaced the R&D tax concession from 1 July 2011. The new legislation […]

  • 22 November 2011
    Business & Finance, Grid Connection

    German based electricity grid operator Tennet warns government that they can’t keep up with the pace of offshore wind grid development. They said that construction of further cables at this rate is not doable due to lack of cash and skilled staff at Tennet and at their suppliers Tennet has nine grid connection projects under […]

  • 21 May 2014
    Business & Finance

    A Wirral specialist in seabed mapping and coastal surveys has clinched a finance package worth almost £5m to help it expand its services and take on additional staff. Osiris Hydrographic and Geophysical Projects, which is owned by Liverpool-headquartered conglomerate Bibby Line Group, has received £4.8m from Santander Corporate & Commercial. The business was founded in […]

  • 6 August 2014
    Business & Finance

    Wave energy developer Carnegie Wave Energy Limited has received $671,462 in two quarterly gold royalty payments related to Carnegie’s mining royalty held in the Higginsville Gold Operations. Carnegie has received two quarterly cash gold royalty payments of $372,466 and $298,996 related to royalty interests in mining activities in the Higginsville district for the period January […]

  • 6 November 2015
    Grid Connection, Operations & Maintenance, Technology

    Wave Electricity Renewable Power Ocean (WERPO) has entered into a new agreement with Sunbelt Israel, part of the Sunbelt Business Network capital group, to secure funding for the outstanding projects. WERPO, a wholly-owned subsidiary of the Israeli sea wave energy technology developer Blackbird International Corporation, and Sunbelt Israel will now start ”an aggressive campaign to raise funds […]

  • 27 February 2015
    Business & Finance

    Following the announcement by Scottish Energy Minister Fergus Ewing that Wave Energy Scotland (WES) will receive a total of £14.3 million over the next thirteen months, Lindsay Leask, Senior Policy Manager, Offshore Wind & Marine at Scottish Renewables, said that this reflects Scottish Government’s continued commitment to the wave energy sector, especially after a recent challenging period. […]

  • 29 January 2015
    Business & Finance, R&D

    Australian wave energy developer, Carnegie Wave Energy Limited, received a Research and Development Tax Incentive cash rebate from the Australian Tax Office of $3.9 million. The R&D Tax Incentive is a market driven program accessible to all industry sectors. It provides a targeted tax offset to encourage more companies to engage in research and development. Carnegie […]

  • 25 April 2018
    Business & Finance

    Rampion Offshore Wind Ltd. and the Sussex Community Foundation have distributed the first grants from the GBP 3.1 million Rampion offshore wind farm community fund set up last year to benefit communities across Sussex, UK.

  • 7 November 2012
    Business & Finance

    AMSC, a global solutions provider serving wind and grid leaders, has reported financial results for its second quarter of fiscal year 2012 ended September 30, 2012.  Revenues for the second quarter of fiscal 2012 were $20.9 million, which compares with $20.8 million for the second quarter of fiscal 2011. AMSC increased revenues from its Grid […]

  • 23 October 2015

    As the Dutch offshore wind market is developing, domestic ports and terminals are preparing to take advantage of the booming industry. One such terminal is Holland Cargo Terminal (HCT), currently involved in one of the ongoing offshore wind projects in the Netherlands. The terminal serves as an assembly site for the components of wind turbines […]

  • 21 July 2014
    Business & Finance, R&D, Technology

    Hexicon Ltd has successfully completed a rights issue of 11.4 MSEK (EUR 1.23 million) to secure the development of Hexicon’s innovation for offshore wind at deep waters. The rights issue allows a faster and more robust implementation of the new strategy to develop floating platforms for offshore wind energy, and demonstrate its innovation by building […]

  • 8 April 2014
    Business & Finance

    Carnegie Wave Energy Limited completed the final pipeline milestone and a progress milestone for the CETO unit component of the Perth Wave Energy Project with the approval of $1,072,880 from the Western Australian State Government and $2,095,024 in payment claims submitted to the Australian Government. Carnegie’s milestone claims for $1,072,880 for completion of two milestones were approved by the […]

  • 16 March 2015
    Business & Finance

    Blackbird International Corporation (BBRD), the developer of sea wave energy technology, has received a line of credit from The Mercantile Discount Bank in Israel in order to cover the financial needs of WERPO for 2-3 years. Mr. Shmuel Ovadia, Director and inventor of BBRD’s technology stated, “This injection of funds into the company will allow […]

  • 31 March 2014
    Authorities, Business & Finance

    Wave energy developer Carnegie Wave Energy Limited  announced the completion of the final foundation milestone and a progress milestone for the onshore plant component of the Perth Wave Energy Project with the receipt of $ 0.7 million from the Western Australian State Government and $ 1,2 million in payment claims submitted to the Australian Government. Carnegie received […]

  • 14 November 2014
    Business & Finance

    Alstom, who is selling power and grid business to US General Electric, might return up to EUR 4 billion to its shareholders. Earlier this year, Alstom board unanimously voted for GE’s EUR 12.35 billion bid, rejecting Siemens-Mitsubishi Heavy offer comprising EUR 8.2 billion cash and an asset swap. On 19 December 2014, the transaction with […]

  • 23 October 2013
    Authorities, Business & Finance

    Wave energy developer Carnegie Wave Energy Limited announced the receipt of a Research and Development Tax Incentive cash rebate from the Australian Tax Office of $2.26 million. The R&D Tax Incentive provides a tax rebate to support Australian companies to undertake research and development in Australia. During the year ended 30 June 2013 Carnegie incurred […]

  • 25 September 2011
    Business & Finance, Grid Connection

      American Superconductor Corporation, a global power technologies company, reported financial results for fiscal year 2010 ended March 31, 2011, and the first quarter of fiscal year 2011 ended June 30, 2011. The company’s fiscal 2010 results include previously announced restatements of results for the second and third quarters of fiscal 2010. The company has […]

  • 19 April 2013
    Business & Finance

    JDR, a leading provider of technology connecting the global offshore energy industry, has published its results for the twelve months ended 31 December 2012 together with its Annual Report.  Andrew Norman, Chief Executive of JDR, said:  “I am delighted to report that JDR has delivered a record performance in 2012, which provides a platform for […]

  • 6 August 2014
    Business & Finance

    Northland Power has issued its results for the second quarter of 2014, stating that the company achieves strong results while continuing to expand portfolio of operating assets.  Northland’s consolidated sales, adjusted EBITDA and operating income for the three months ending June 30, 2014 were significantly higher than the same period of 2013. Second Quarter Highlights: 63% […]

  • 14 September 2012
    Business & Finance

    Ocean Power Technologies, Inc. (OPT) today announced financial results for its fiscal 2013 first quarter ended July 31, 2012.  “OPT got off to a strong start in fiscal 2013, with progress on a number of ongoing initiatives in the U.S. and abroad,” said Charles F. Dunleavy, Chief Executive Officer of OPT. “As recently announced, we […]