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Business & Finance

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TenneT Orders Equipment for Dutch Offshore Grid
Business & Finance

TenneT Orders Equipment for Dutch Offshore Grid

TenneT has signed framework agreements for the future supply of Gas Insulated Switchgear (GIS) with Alstom Grid Netherlands, and the supply of power transformers with CG Power Systems Belgium, for the Dutch offshore power grid. This equipment will form the ‘heart’ of five offshore platforms that wil

about 10 years ago
THMA, UKTI Organize Offshore Wind Mission to USA
Business & Finance

THMA, UKTI Organize Offshore Wind Mission to USA

Team Humber Marine Alliance (THMA), in partnership with UK Trade & Investment, will lead a Northern Powerhouse offshore wind-focused mission to the USA next spring. Working in tandem with UKTI, Team Humber and regional businesses will head for the east coast of the US from March 6-12, building on in

about 10 years ago
Dong Picks Banks for IPO
Business & Finance

Dong Picks Banks for IPO

Dong Energy’s committee for the initial public offering (IPO) has chosen JP Morgan Securities, Morgan Stanley, and Nordea Markets, a division of Nordea Bank Denmark, to manage the company’s planned IPO, Denmark’s Ministry of Finance reports. The IPO is expected within the next 15 months, and is proj

about 10 years ago
EWEA: UN Climate Deal Could Open New Markets to European Wind Industry
Business & Finance

EWEA: UN Climate Deal Could Open New Markets to European Wind Industry

National climate pledges in emerging markets and an ambitious deal in Paris could spark an export boom for the European wind industry, according to the European Wind Energy Association (EWEA). China, India, Morocco, Brazil and Turkey are just a few of the countries that have made post-2020 national

about 10 years ago
Siemens Wind Power and Renewables Sees Less Orders in FY 2015
Business & Finance

Siemens Wind Power and Renewables Sees Less Orders in FY 2015

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.

about 10 years ago
UK Offshore Wind Could Rival Gas Plants in Terms of Costs
Business & Finance

UK Offshore Wind Could Rival Gas Plants in Terms of Costs

Offshore wind costs could fall to a point where it is cost competitive with new build gas plants in the UK provided they face the full cost of their carbon emissions, the Committee on Climate Change (CCC) said in its 2015 Progress Report to Parliament. Ongoing innovation in offshore wind relies upon

about 10 years ago
GE Swoops on Blade Dynamics
Business & Finance

GE Swoops on Blade Dynamics

General Electric (GE) has acquired Blade Dynamics, the developer of what are to be the world’s longest wind turbine blades. Blade Dynamics says that GE’s interest in the company is ”based on its innovative technology which has the potential to radically transform the blade manufacturing process.” Th

about 10 years ago
French Wind Energy Heavyweights Sign Climate Pledge
Business & Finance

French Wind Energy Heavyweights Sign Climate Pledge

French wind energy players Alstom, Areva, EDF and Eiffage have joined 35 other compatriot companies, including banks and investors into renewable energy, in making a firm commitment to combat climate change. The 39 major French companies, employing a total of 4.4 million people worldwide and generat

about 10 years ago
ZF Buys Wind Turbine Gearbox Arm of Bosch Rexroth
Business & Finance

ZF Buys Wind Turbine Gearbox Arm of Bosch Rexroth

German driveline and chassis technology developer ZF Friedrichshafen AG is venturing further into wind energy industry after receiving final clearance from antitrust authorities to acquire industrial gears and wind turbine gearbox segment from Bosch Rexroth. ZF officially took over the segment from

about 10 years ago
Study: Offshore Wind Key for Europe’s Renewable Energy Strategy
Business & Finance

Study: Offshore Wind Key for Europe’s Renewable Energy Strategy

Europe’s power industry sees the growing share of renewables in the energy mix as the most important issue in the short-term and the second most important in the long-term, with offshore wind regarded as of high significance to the sector in the short and long-term, according to the first POWER-GEN

about 10 years ago
RWE to Sell Part of Renewables Business via Spin-Off
Business & Finance

RWE to Sell Part of Renewables Business via Spin-Off

German utility RWE will transfer its renewables, grids and retail operations at home and abroad to a new subsidiary and list it on the stock market probably in late 2016. RWE intends to offer some 10 percent of the new company’s share capital to the public in connection with a capital increase, with

about 10 years ago
Atlantis Appoints New Director of Power Generation
Business & Finance

Atlantis Appoints New Director of Power Generation

Edinburgh-headquartered tidal power developer Atlantis Resources Limited has appointed Stephen Ward the Director of Power Generation. Ward is joining the company’s new executive management group following the relocation of Atlantis’ corporate headquarters from Singapore to Scotland. Prior to joining

about 10 years ago
PNE Wind Picks Pedersen as Interim CEO
Business & Finance

PNE Wind Picks Pedersen as Interim CEO

German wind farm developer PNE Wind has appointed Per Hornung Pedersen as the company’s interim Chief Executive Officer (CEO). Pedersen will serve as PNE Wind’s CEO from December 1 to the date of the annual general meeting of the company on May 25, 2016. Prior to joining PNE Wind, Per Hornung Peders

about 10 years ago
DONG Pens Isle of Man Lease Agreement
Business & Finance

DONG Pens Isle of Man Lease Agreement

DONG Energy has signed an Agreement for Lease with the government of the Isle of Man to explore the possibility of developing a wind farm in Manx waters off the north east coast of the island. The agreement with the Isle of Man’s Department of Infrastructure will enable DONG to carry out preliminary

about 10 years ago
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