Alstom, who is selling power and grid business to US General Electric, might return up to EUR 4 billion to its shareholders. Earlier this year, Alstom board unanimously voted for GE’s EUR 12.35 billion bid, rejecting Siemens-Mitsubishi Heavy offer comprising EUR 8.2 billion cash and an asset swap. O
It has now been decided that Vattenfall’s new office in Luleå will be built by Skanska and shall be awarded the highest level of certification by the Sweden Green Building Council. Building the office means continued investment in Luleå as a key strategic location for around 300 employees. When the
With United Nations Framework Convention on Climate Change (UNFCCC) high-level climate talks scheduled to be held next month in Lima, Peru, the country hosting the meeting has already set its goal to reduce its reliance on fossil fuels and shift to renewable energy as much as possible. Last year, Pe
The EU’s TEN-T Programme will co-fund two sustainable development initiatives totaling over €1 million in the Port of Civitavecchia in Italy: an innovative pilot energy production plant using sea waves, as well as a separate study on the development of rail and maritime transport connections to the
Due to German “Energiewende”, TenneT is preparing its transmission system to handle energy from offshore wind farms. As one of the major components, Wagenborg transported a transformer weighing 260 tonnes from Nürnberg to the substation in Diele last weekend. On November 3, the transformer was trans
Royal Boskalis Westminster N.V. (Boskalis) has concluded a good third quarter. Revenue and earnings, adjusted to reflect the deconsolidation of SAAM SMIT Towage, are in line with the first two quarters of 2014. Overall market conditions remain challenging. Despite this the order book has risen sligh
Waterford Energy Services Inc., based in St. John in Newfoundland and Labrador is about to enter the offshore energy sector in Nova Scotia, Canada. Along with the opportunities of the Maritime Link subsea power transmission cable and oil and gas, the company has its eye on the tidal energy industry
Watson, Farley & Williams (“WFW”) has advised Dong Energy on its successful tender in the Isle of Man Offshore Wind Generation Leasing Round. Dong has been selected exclusively as the Isle of Man Government’s preferred partner in respect of the development of a 700MW offshore wind farm, which could
One of the leading energy economists has slammed Scottish plans to go 100 percent renewable by 2020, writes the Daily Record news portal. Namely, professor of energy policy at the University of Oxford, Dieter Helm said that it is not logical from the economic standpoint for Scotland to be reliant on
In yesterday’s speech by the Secretary of State Ed Davey MP at the Renewable UK event, there was an announcement regarding the findings of the “Chinn Review” led by the Siemens energy businesses in the UK. In July, Energy Minister Michael Fallon MP announced a review of the UK’s offshore wind supply
A recent report from Navigant Research analyzes the global market for high voltage transmission systems (HVTSs), including global market forecasts for revenue, segmented by technology and region, through 2023. Driven by rapid economic growth and electrification in China, India, and parts of the Midd
Anders Jansson, CEO of Nordic marine energy technology company Minesto, has compiled his predictions on which three trends will be the strongest in the renewable and marine energy industries in 2015. A commercial breakpoint Mature technologies in renewable energy, e.g. solar and wind energy, have re
German Economic Minister’s Green Book can set the right course for political process to produce a new power market design, says German Wind Energy Association (BWE). “We will actively take part in the consultation process for a new power market design. As representatives of the wind sector, we will
The Global Opportunity survey aims to map private sector response to 15 opportunities for sustainable growth. The results of the survey will be published in the first Global Opportunity Report in January 2015. When presented with a range of opportunities for sustainable growth, how will mainstream b
