Business & Finance
UK to Back Indian Renewable Energy Goal
During the visit of the Indian Prime Minister to the UK, the UK Prime Minister David Cameron and the Prime Minister of the Republic of India, Narendra Modi, have committed to strengthen the existing energy partnership between the UK and India. The two Prime Ministers welcomed the signing of a Memora
DBB Jack-Up Services Lands EUR 100 Million Bond Loan
Danish O&M jack-up services provider DBB Jack-Up Services A/S has placed a EUR 100 million senior secured bond, the proceeds of which will be used to refinance the company’s existing debt. The bonds, maturing in 2019, will be listed on Oslo Stock Exchange within one year from the issue date. The com
ROMO Wind Makes a French Connection
The Danish-Swiss wind turbine optimizer ROMO Wind is extending its business activities to France, offering local contact and support for the company’s spinner anemometer technology iSpin which is now available to French wind farm operators. Guillaume Steinmetz has been appointed to the position of a
Wind and Renewables Bring Siemens EUR 72 Million Quarterly Profit
Berlin-headquartered conglomerate Siemens AG saw its bottom line for the fourth quarter of 2015 boosted by EUR 72 million net profit recorded in the company’s wind power and renewables arm. Siemens added EUR 2.716 billion of new orders through the wind power and renewables department in the quarter
Trianel and Gesy Team Up to Sell Borkum Electricity
German municipal utility Trianel has partnered up with compatriot Gesy Green Energy Systems to jointly market and sell the electricity produced at the 200MW Trianel Wind Farm Borkum situated in the North Sea. With the latest agreement, the combined portfolio of the two companies now stands at 3.5GW.
RWE Has Offshore Wind beneath Its Wings
Offshore wind boosted RWE Innogy’s operating result, which rose by €251 million to €280 million year on year, RWE Group reported in its results for the first three quarters of 2015. This was due in particular to the commissioning of the new wind farms Gwynt y Môr off the coast of North Wales and Nor
MTS Hands Over the Sea Slice
UK-based marine service provider Marine and Towage Services Group Ltd. (MTS) has completed the charter to deliver the Sea Slice, a specialist offshore vessel, to its new Danish owners, Advanced Offshore Solutions. The 1996-built Sea Slice, originally designed as an experimental vessel for the US Nav
Vattenfall Goes Large-Scale in Denmark
Vattenfall has sold 88 older turbines from 19 wind farms on Jutland with a total capacity of 65 MW to Green Power Partners K/S for undisclosed sum. The sale of a number of smaller wind farms on Jutland will allow Vattenfall to focus specifically on large onshore and offshore wind power projects. “Th
First German Floating Foundation Secures Grid Connection
German engineering consultancy Gicon has received permission from a governmental agency to feed 2.3MW of grid connection capacity through the country’s first floating offshore foundation – GICON®-SOF. On 3 November 2015, Edelstahl und Umwelttechnik Stralsund GmbH (ESG), a member of the Gicon Group,
Wind and Rain Push SSE’s Results
A windy and rainy summer in Scotland and Ireland helped the Perth-based energy company SSE plc improve its total operating profit and profit before tax for the six months to September 30 2015, with over one third of the company’s energy output coming from renewables. SSE reported GBP 701.9 million t
Scotland Needs More Investments to Go 100% Renewable by 2020
Scotland will miss its 100% renewable electricity target set for 2020 without further investments in offshore and onshore wind, according to a new report published by Scottish Renewables. The study shows Scotland is on course to generate the equivalent of 87% of its annual demand for power from rene
Impairment Charges Push E.ON to Record Loss
Germany’s utility E.ON reported an all-time-high EUR 5.7 billion net loss for the first nine months of 2015, largely due to the impairment charges of EUR 8.3 billion recorded in the quarter ended September 30, coming from writedowns in the company’s power plants and its oil and gas division. The com
China to Become Leader in Renewables, Expert Says
China will become a global leader in environmental technology as the sector becomes more globally important, said Frederic Neumann, co-head of Asian Economic Research at HSBC. “China leapfrogged certain technology, going to the advanced stuff more quickly and that’s a positive product from China’s a
Wind Energy Link Certified with AMC ISO 55 001
Wind Energy Link (WELink), the global asset management, wind and logistics joint venture between Peterson, ATO Sustainable Business Engineers and Asset Management Control Tools & Training, has received the AMC ISO 55 001 quality certificate of product approval. The quality certificate was awarded fo