Vattenfall reported an operating profit of SEK 10 billion (EUR 1.08 billion) for the first half of the year. Availability for all types of generation was favourable, but demand remained weak, and electricity prices fell further. Operating profit was positively affected by SEK 3.1 billion (EUR 0.34 b
UK Planning Committee held a meeting yesterday regarding the proposed Navitus Bay offshore wind farm. Isle of Wight Council gave no objection to the proposal but recommended requesting more information in relation to noise and ecology. The council presented the main considerations in its report: The
Iberdrola’s first half net earnings came to €1,503.1 million, down 13%, while Ebitda was in line with the same period last year at €3,744.7 million. Solid business performance, especially international businesses, again mitigated the negative impact of regulatory and fiscal measures in Spain which c
ABB reported strong order growth, stable revenues and a significant increase in cash from operations for the second quarter of 2014. The lower operational EBITDA margin mainly reflects ongoing project-related challenges in the Power Systems (PS) division. Orders of $10.6 billion were 14 percent high
Wave energy developer Carnegie Wave Energy Limited announced that it will be part of a AUD 1.3 million (EUR 0.91 million) national study undertaken by Australia’s premier science agency, the CSIRO, to develop a wave energy atlas and improve the assessment of wave energy extraction on the marine envi
Generous subsidies for renewables are unsustainable and have contributed to electricity prices for residential consumers more than doubling in Germany, placing a strain on consumers and the economy there. In addition, renewable subsidies have clearly generated disequilibrium in the power markets, as
Work at the Wave Energy Test Site (WETS) located off Marine Corps Base Hawaii at Kāneʻohe has received an infusion of $9 million from the U.S. Navy. The funds, from the Naval Facilities Engineering Command (NAVFAC), are directed to the Applied Research Laboratory at the University of Hawai‘i (ARL/UH
Ocean Thermal Energy Corporation announced that its securities have been admitted to trade on the GXG Markets First Quote platform with the symbol OTEC. GXG Markets runs an SME dedicated exchange that operates a European Regulated Market, as well as two junior markets regulated under GXG Markets’ Mu
Proposed expansion of a Liverpool Bay offshore wind farm could trigger the setting up of an annual £250,000 community fund as well as investment and new jobs in Wirral’s energy sector. Dong Energy, one of Europe’s leading energy groups, has submitted proposals to expand its existing Burbo Bank wind
JFMS, part of James Fisher and Sons plc, today announces the launch of an operational base, in Port of Grimsby East, to support construction and O&M activities within the growing offshore wind sector. Port of Grimsby East was chosen due to the significant investment made in the area in recent years
Hexicon Ltd has successfully completed a rights issue of 11.4 MSEK (EUR 1.23 million) to secure the development of Hexicon’s innovation for offshore wind at deep waters. The rights issue allows a faster and more robust implementation of the new strategy to develop floating platforms for offshore win
The UK Green Investment Bank (GIB) has today announced two new senior appointments. Nick Gardiner will take on the role of Managing Director, Offshore Wind and Karl Smith will take on the role of Fund Managing Director. Gardiner will lead GIB’s offshore wind direct investment team. Since its launch
Danish Energy Association (DEA) has investigated what it costs to set up different types of plants for electricity generation. According to the research, electricity generated by onshore wind turbines is the cheapest with just over 30 ører (4 cents) per kWh. Offshore wind power, new centralised coal
TenneT Holding B.V. refinanced its existing EUR 1,125 million and EUR 500 million revolving credit facilities with a single facility of EUR 2 billion. The pricing of the facility, which can be used for general corporate purposes, was decreased and the maturity date was extended to July 2019 with two
