Search results for: debt restructuring

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  • 2 July 2012
    Business & Finance

    According to Reuters, the Danish wind turbine manufacturer Vestas dismissed the allegations that the company was considering putting itself up for sale and had entered debt restructuring talks with its lenders. The allegations were that the company’s banks had given it an “ultimatum”, demanding the company to prepare a comprehensive financial restructuring plan, also that […]

  • 23 January 2017
    Business & Finance, Wind Farm Update

    Offshore Partners Walney Holdco Limited (OPW), minority shareholder in the Walney offshore wind farm located directly off the coast of Cumbria in north west England, has successfully restructured its debt facilities to enable access to more favourable interest rates in line with current market conditions. Mott MacDonald provided technical due diligence during the refinancing and […]

  • 28 April 2017
    Business & Finance, Operations & Maintenance, Wind Farm Update

    The 600MW Gemini offshore wind farm in the Dutch North Sea achieved full completion on Friday, April 28, ahead of schedule and under its total budget of EUR 2.8 billion, Northland Power, the wind farm’s majority owner, said.

  • 11 July 2014
    Business & Finance

    Suzlon Group, the world’s fifth largest wind turbine maker, has announced that the holders of each series of its Existing Bonds (due in October 2012, July 2014 and April 2016) have approved the proposed restructuring of the Existing Bonds including the terms and conditions of the new foreign currency convertible bonds. The company had earlier announced […]

  • 12 July 2018
    Business & Finance, Wind Farm Update

    Merkur Offshore GmbH has completed a EUR 1.5 billion senior debt restructuring for the 396MW Merkur offshore wind farm project.

  • 6 July 2018
    Business & Finance, Wind Farm Update

    Green Giraffe and FIH Partners have announced the closing of the restructuring of almost EUR 1.3 billion senior facilities in place on the Veja Mate project in Germany, owned by Highland Group Holdings Ltd, Siemens Financial Services and CI II (managed by Copenhagen Infrastructure Partners).

  • 15 January 2015
    Business & Finance

    Moventas has cleared the corporate restructuring programme it entered in 2011. The Santasalo Moventas Group has simultaneously been divided in two, where Moventas and the industrial gear manufacturer Santasalo will both be better equipped to focus on their industry-specific businesses. Moventas Gears Oy, owned by the industrial group Clyde Blowers, has completed the corporate restructuring […]

  • 17 January 2018
    Authorities, Business & Finance, Contracts & Tenders

    Polish offshore wind foundations manufacturer ST3 Offshore has withdrawn the bankruptcy petition after receiving positive feedback from a District Court on its application to open restructuring proceedings.

  • 22 December 2015
    Business & Finance, Wind Farm Update

    WindMW, the company behind the Meerwind offshore wind farm, has issued a EUR 978 million in bonds to refinance an existing bank debt for the construction of the 288MW offshore wind project. The bonds were issued on 17 December 2015 to a group of around 20 international institutional investors and benefit from investment grade ratings from the […]

  • 12 August 2016
    Business & Finance

    Amsterdam Capital Partners (Amscap) has acted as an adviser to Merkur Offshore GmbH on arranging the EUR 1.6 billion financing for the 396MW Merkur Offshore wind project, which confirmed financial close today. Michael van der Heijden, Managing Director of Amscap, said: “Merkur is another record breaking transaction in the offshore wind sector, and Amscap is very proud […]

  • 27 July 2018
    Business & Finance

    Siemens Gamesa’s offshore wind order intake reached a peak in the third quarter of the fiscal year 2018 with 1,368MW in firm orders, due to agreements to supply 165 turbines for Hornsea Project Two and 120MW for the Formosa I Phase II offshore wind project.

  • 10 March 2014
    Business & Finance

    Ballast Nedam has issued its annual results for 2013, which show that the company had a difficult year. However, its results in the offshore wind energy market were rather good. Results in line with the press release of 5 February 2014 Operating loss of € 30 million, including € 18 million of restructuring costs and […]

  • 5 November 2019
    Business & Finance

    Siemens Gamesa has closed the fiscal year 2019 with a record order book of EUR 25.5 billion, a 12% increase year-on-year, as its order intake grew by 7.4% to EUR 12.7 billion. The Offshore unit registered double-digit growth of more than 10.9% due to new markets, mainly Taiwan, which contributed 1.5GW in firm orders. Revenue […]

  • 15 October 2013
    Business & Finance

    WinWinD has submitted a voluntary petition on bankruptcy to the District Court on October 3, 2013. The District Court has allowed the petition and appointed Attorney Pauliina Tenhunen as the Administrator to take care of the further process. WinWinD has been incurring heavy losses for the past several years and the company’s debts are currently […]

  • 16 December 2013
    Business & Finance

    Ocean Power Technologies, Inc. (OPT), a wave energy technology company, has announced the appointment of Mark A. Featherstone as Chief Financial Officer, effective December 12, 2013. Mr. Featherstone, 52, is a seasoned executive with 30 years of experience working with capital markets, regulatory and accounting matters, strategic alliances and treasury management. “We are very pleased […]

  • 27 July 2012
    Business & Finance

    The persistence of adverse economic and sector conditions continue to erode Gamesa’s results which, nevertheless, in 1H12 recovers operating profitability and initiates its deleveraging process ahead of schedule in 1H12 (initially slated for the second half), generating a net cash inflow of €100MM in 2Q12:  EBIT of €3MM (EBIT margin: 0.2%), this rises to €12MM […]

  • 30 January 2018
    Business & Finance

    Between October and December 2017, Siemens Gamesa received double the orders for offshore wind turbines compared to the same period of the previous year. 

  • 22 April 2013
    Business & Finance

    The Board of Directors of DONG Energy has today approved the interim financial report for the first quarter of 2013 with the following financial highlights and outlook compared with the first quarter of 2012: — First-quarter 2013 EBITDA was DKK 4.6 billion, up from DKK 3.6 billion in the first quarter of 2012, primarily reflecting […]

  • 25 April 2012
    Business & Finance

    Ballast Nedam is holding up in the still deteriorating market conditions and has achieved a revenue and profit approximately in line with those for the first quarter of 2011. Excellent results have been achieved on several major multiyear projects and in niche markets, while the regional infrastructure companies and property development made a disappointing loss. […]

  • 11 August 2011
    Business & Finance

    GDF SUEZ reported robust results for first-half 2011, with EUR 45.7 billion in revenues, an increase of +7.9% despite very unfavorable impact of weather conditions in the Group’s domestic markets. Growth in operating activities was solid with EBITDA increasing +8.2%. This strong increase came mainly from the contribution of International Power since February 2011, the […]

  • 1 August 2013

    Joe Kaeser (56), Chief Financial Officer (CFO) of Siemens AG since 2006, has been designated the new President and CEO of Siemens AG, effective August 1, 2013. A new CFO will be appointed very shortly. The current CEO Peter Löscher will resign his position at the end of the day and leave the Managing Board […]

  • 21 May 2010
    Business & Finance

    NaiKun Wind Energy Group Inc. (TSX-Venture: NKW) announced today that its Board of Directors (the “Board”) has initiated a process to retain an advisory firm to assist the Company in undertaking a review of the strategic alternatives available to ensure maximum shareholder value. Since the recent announcement by BC Hydro that NaiKun Wind’s 396 MW […]

  • 8 February 2012
    Business & Finance

    The Nexans Board of Directors meeting on February 7, 2012, chaired by Frédéric Vincent, approved the Financial Statements for 2011. Net sales for 2011 totaled 6.920 billion euros compared with 6.179 billion euros in 2010. At constant non-ferrous metal prices 1) , the figure is 4.594 billion euros compared with 4.309 billion euros in 2010. […]

  • 10 May 2012
    Business & Finance

    The complex economic environment, volatility in many of the main wind markets, the new product launches and the industry’s seasonality had a temporary impact on Gamesa’s profitability and debt. Nevertheless, the company’s market and business diversification and the synergies between the wind turbine and farm activities enabled it to increase sales in the period, with […]

  • 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 […]

  • 28 August 2012
    Business & Finance

    Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewable industry based in the UAE, announces its Interim Results for the six month period to 30 June 2012. H1 2012 financial results: Revenue: US$ 528.1 million (H1 2011: US$ 383.6 million). Operating loss: US$ 33.8 million (H1 2011: US$ […]