RenewableUK says the new UK Government should send an early signal that it is serious about supporting low-carbon energy to attract investment and create jobs. RenewableUK’s Chief Executive, Maria McCaffery, commented: “We hope that one of the new Government’s priorities will be to act quickly to se
Massachusetts state officials are trying to find a user of the New Bedford marine terminal, initially meant to be used for the Cape Wind project. However, current options could bring in a lower return on investment than what Cape Wind would have brought, writes Isaac Orr, a research fellow for energ
MarketResearch.com has added a recent report by GlobalData to its offering, which covers the latest developments in the global wind turbine market. GlobalData’s report, Wind Regains Momentum in 2014 and Industry Outlook Improves, reveals that the global wind turbine market is expected to see increas
GLA Land and Property Limited (GLAP), with the support of the Royal Docks Management Authority (RoDMA), is seeking a development partner to bring forward the comprehensive re-development of Albert Island, a 10ha site in the Royal Docks, London Borough of Newham. Significant parts of the Albert Islan
Siemens released its Q2 results today, which show that the conglomerate has faced losses in its wind and renewables division. The company said that the ongoing high production and installation costs, as well as burdens related to inspecting and replacing main bearings, contributed to losses in this
E.ON’s transformation is the main topic at the company’s Annual Shareholders Meeting in Essen, Germany. Supervisory Board Chairman Werner Wenning and CEO Johannes Teyssen updated shareholders on the status of the project to divide the company into the future E.ON and a new company, Uniper. Starting
In 2014, the average price for a megawatt hour of electricity in the Netherlands amounted to 41 euros, down more than 20 percent from 52 euros in 2013, TenneT reported. These developments mean that market prices in the Netherlands and Germany are gradually converging. Whereas prices were equal in bo
Grontmij and Pondera Consult will carry out preparatory studies for the call for tender by the Dutch Ministry of Economic Affairs for allotments III and IV of the Borssele offshore wind farm. When completed, Borssele will deliver sustainable energy to 1.4 million households and will be one of the wo
Siemens announced today that it is on track with the implementation of its concept for the company’s strategic realignment. The company has started taking the next steps planned in order to improve its profitability, including measures to improve profitability at the Power and Gas Division’s power g
Germany will become the world’s leading market for annual offshore wind turbine installations in 2015, with the country set to add an impressive 2,071 Megawatts (MW) this year, an almost fourfold increase from the 529 MW added in 2014, according to research and consulting firm GlobalData. The compan
IBERDROLA, owner of ScottishPower in the UK, has been ranked first in a “Super-League” of European electric utilities compiled by CDP on the basis of their response to the challenges of climate change. The ranking is included in a report ‘Flicking the switch: are electric utilities prepared for a lo
Gamesa obtained €62 million euro in net profit in the first quarter of 2015, i.e. more than triple the €17 million reported in the same period last year. This improvement reflects sound sales activity and a continuous improvement in the company’s profitability, with an underlying EBIT margin of 8%.
About 200 representatives from the East of England’s energy sector will head to Westminster next month to reinforce its key role in keeping Britain lit and heated. A reception in the House of Commons is being organised by the East of England Energy Group (EEEGR) to ensure that the government elected
Ocean Renewable Power Company (ORPC) is setting up ORPC Ireland, LLC, in County Donegal at the Co-Lab Business Centre at Letterkenny Institute of Technology. Seamus Neely, Chief Executive with Donegal County Council, said. “We are delighted that ORPC Ireland has located itself in Letterkenny, bringi
