Search results for: renewable

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21 June 2019 Business & Finance

Taiwan's Swancor is selling 100% of its shares in Swancor Renewable Energy Co. Ltd and its subsidiary Haineng Wind Power to ''European and American energy companies''. Swancor is selling 20 million shares at a price range of between USD 1.3 and USD 5.07 per share. The transaction could fetch between USD 26 million and USD […]

17 June 2019 Jobs & Recruitment

LOC Group has appointed RV Ahilan to the position of Chief Executive Officer (CEO), who will continue leading the company's renewables business activities. Ahilan previously held the role of Joint CEO at the company, alongside Jerome Rutler, who will take up the position of Deputy CEO overseeing Operations and Mergers & Acquisitions. The company said its […]

12 June 2019 Business & Finance

The Supergen ORE Hub has received GBP 4 million from the Engineering and Physical Sciences Research Council (EPSRC) as support for offshore renewable energy research. The Supergen ORE Hub is a national consortium created in July last year to bring together academic, industrial and policy stakeholders to champion and maintain UK’s offshore wind, wave and tidal […]

16 May 2019 Business & Finance

France has moved up two positions and is now the third most attractive destination globally for investment in renewable energy due in part to a new focus on floating offshore wind. This is according to the 53rd EY Renewable energy country attractiveness index (RECAI). As reported earlier, France intends to issue offshore wind tenders with a combined capacity of […]

15 May 2019 Business & Finance

Copenhagen Infrastructure Partners (CIP) has established a new fund, Copenhagen Infrastructure New Markets Fund I K/S (CI NMF I), which will invest in renewable energy infrastructure targeting primarily Asia and Latin America. The new fund reached the first close of USD 700 million on 9 May and is expected to achieve its final close with […]

15 May 2019 Business & Finance

German energy company RWE has secured a EUR 5 billion credit agreement in preparation for the integration of the renewables activities of E.ON and innogy. The line of credit, provided by 27 international banks, was significantly oversubscribed, RWE said. Under the agreement reached in March 2018, E.ON is to take over RWE’s 76.79% stake in innogy, whereas RWE is […]

14 May 2019 Business & Finance

Innogy has reported a 29% increase in adjusted EBIT in the first quarter of the fiscal year 2019, said to be due to earnings contributed by new wind farms, as well as prices and improvement in weather conditions. In the latest financial results, Innogy announced EUR 200 million in adjusted EBIT in Q1, compared to […]

13 May 2019 Business & Finance

Anbaric has entered into an agreement with Commercial Development Company (CDC) to launch a center dedicated to offshore wind on the site of the former Brayton Point coal-fired power plant in Massachusetts, U.S. The USD 650 million Anbaric Renewable Energy Center follows CDC's plan to transform the former power plant site into a logistics port, manufacturing hub and […]

13 May 2019 Business & Finance

Essen-based energy company E.ON reported EUR 211 million adjusted EBIT for its Renewables segment in the first quarter of 2019, a 23% increase compared to EUR 171 million adjusted EBIT recorded in the first quarter of 2018. The increase resulted primarily from an increase in output due to the commissioning of offshore wind farms in Germany and […]

2 May 2019 Business & Finance

The offshore wind industry is gearing up for growing use of helicopters and drones as more than 50% of turbines consented or planned in Europe are over 250m tall, according to RenewableUK. RenewableUK’s latest Project Intelligence report shows that those projects, all located in UK waters, will mainly use turbines over 280m tall, while the […]

4 April 2019 R&D

The Crown Estate Scotland has issued a new study said to help coastal and island communities across Scotland benefit from local offshore renewable energy solutions. Carried out by Everoze, the study looked at six scenarios linked to a number of renewable technologies such as floating wind, wave, and tidal energy, aiming to provide a potential way […]

28 March 2019 Business & Finance

EnBW has reported a 10.3% decrease in the operating result of its renewables division in the 2018 financial year, said to be partly due to poor wind conditions which had a negative impact on the output of offshore wind farms. EnBW also attributes the EBITDA drop to low water levels which negatively influenced the output from run-of-river […]

14 March 2019 Business & Finance

German energy company RWE plans to add between 2GW and 3GW of capacity annually to its renewable energy portfolio in three core markets: Europe, North America, and the Asia-Pacific. The portfolio will be managed by RWE Renewables and the technologies in focus will be onshore and offshore wind, as well as photovoltaics and storage. The capacity […]

13 March 2019 Business & Finance

E.ON has reported an increase in earnings in the renewables segment for the 2018 financial year, principally due to the commissioning of a new offshore wind project in the UK and the inclusion of wind farms in the U.S. The company's renewables segment saw EUR 521 million in adjusted EBIT, a EUR 67 million rise, […]

12 March 2019 Authorities

The U.S. Bureau of Ocean Energy Management (BOEM) is planning to continue advancing renewable energy through an aggressive leasing program if the proposed USD 193.4 million Fiscal Year 2020 budget request is approved. Proposed by President Donald Trump, the budget request focuses on the execution of BOEM's plans for offshore renewable energy, offshore oil and gas exploration and leasing, […]

26 February 2019 Authorities, Business & Finance

The European Commission has approved under the EU Merger Regulation the acquisition by RWE of E.ON's renewable and nuclear electricity generation assets. Under the agreement reached in March 2018, E.ON is to take over RWE’s 76.79% stake in innogy, whereas RWE is to obtain among other things all of E.ON’s major renewable energy activities and innogy’s renewable energy […]

5 February 2019 Operations & Maintenance

LOC Renewables has overseen the launch of the 2MW Floatgen turbine, the first offshore wind turbine installed in French waters. The company's Paris office supplied marine warranty surveying services (MWS) across the project, which started delivering electricity to the grid in September last year. LOC offered MWS services for a variety of activities, from concrete floater construction […]

24 January 2019 Business & Finance

CWind and Offshore Renewable Energy (ORE) Catapult have signed a collaboration agreement to focus on offshore renewables in the UK. The two companies will focus on delivering applied research projects and accelerating technology development, aimed at improving health and safety, the operational performance of offshore renewable assets, as well as reducing risk and cost. “ORE Catapult uses […]

23 January 2019 Authorities, Business & Finance

RWE has filed the acquisition of renewables businesses of E.ON and innogy with the European Commission.   The filing is the first step of a merger control procedure which is necessary due to the substantial asset swap between RWE and E.ON, the German utility said. The filing occurs following a pre-investigation by the European Commission […]

18 January 2019 Business & Finance

RWE, the renewables businesses of E.ON and innogy, is planning to set aside approximately EUR 1.5 billion net in annual funds for investment mainly in the offshore wind, onshore wind and solar PV sectors. According to RWE, the renewables business will focus on the Americas, key markets in Europe and new markets in the Asia-Pacific region. The […]

15 January 2019 R&D, Technology

GRI Renewable Industries has started manufacturing a tower for GE's Haliade-X 12 MW offshore wind turbine prototype in Sevilla, Spain. The work on the tower for the prototype started at the end of December, the company said. GE announced in March 2018 its plans to invest over USD 400 million over the next three to five […]

8 January 2019 Authorities, Business & Finance

New Hampshire Governor Christopher T. Sununu has requested the U.S. Bureau of Ocean Energy Management to establish an intergovernmental offshore renewable energy task force for the state. The purpose of the task force would be to facilitate coordination and consultation among federal, state and local governments on renewable energy commercial leasing proposals in federal waters […]

25 December 2018 Business & Finance

Innogy has distributed GBP 1.4 million in Wales in 2018 through community funding from its renewable energy projects.

13 December 2018 R&D

Just two to three offshore wind projects with a combined capacity of 2GW could contribute to over two-thirds of Wales’ 70% renewable energy target by 2030 and putting Wales on course to achieve its carbon reduction goal of at least 80% by 2050, according to a new report released by the Carbon Trust. The scaling up […]

11 December 2018 Business & Finance

Brazilian oil and gas company Petrobras will invest USD 417 million (approx. EUR 365 million) in wind energy, solar energy and biofuels from 2019 to 2023. This has been set out in the company’s new Business and Management Plan (BMP), released on 5 December together with its 2040 Strategic Plan, of which the BMP is an […]

10 December 2018 Business & Finance

Brazilian oil and gas company Petrobras will invest USD 417 million (approx. EUR 365 million) in wind energy, solar energy and biofuels from 2019 to 2023.