A 200-strong delegation from EEEGR (the East of England Energy Group) was promised Government support and recognition for the region’s energy industry, at a House of Commons reception held yesterday. Business Secretary Vince Cable said there was a determination that a higher portion of the billions
RWE Innogy released figures for the first quarter of 2014 where it reported a 9% year-on-year increase as its operating result amounted to €97 million. The higher production of wind energy generation had a big effect on these figures. According to the company, German biomass activities only made a s
Vince Cable, the UK Secretary of State for Business, Innovation and Skills, has warned big energy companies to use more UK content, after he found out that one of the giant offshore wind operators had only 20% of UK content in its energy supply chain. Mr. Cable did not disclose which company was at
In February 2014, Dong Energy announced a share programme aimed at employees and managers. The share programme process has now been completed. 3,078 of the employees in Dong Energy and 212 of the managers have chosen to subscribe for shares and consequently become co-owners of Dong Energy. They are
Nantong Ocean Water Conservancy Engineering Co., Ltd (NTOC) has successfully won the bid for Jiangsu Rudong 200 MW offshore wind power demonstration project, which includes the foundation construction, wind turbine installation and cable laying. The project is located in Jiangsu Rudong’s new floodga
Deepwater Wind has received another permit for its project off the coast of Block Island. Namely, the Rhode Island’s Coastal Resources Management Council (CRMC) voted unanimously to approve the Block Island offshore wind energy project last night, according to the Providence Journal. The $300-millio
3sun Group has secured a contract extension with Siemens to provide offshore wind turbine installation services in the UK until 2016. 3sun Group has been working with Siemens since 2009, on work totalling around £15 million in the UK. This two year contract extension further underpins the relationsh
The E.ON Group’s businesses performed as anticipated in the first quarter of 2014. Owing to a continued difficult business and regulatory environment and in the wake of divestments, E.ON’s EBITDA declined by 12 percent year on year to €3.2 billion, its underlying net income by 13 percent to €1.2 bil
Magnus Björkman has recently been appointed as Chief Financial Officer of the Sarens Group. Magnus is Swedish, 45 years old and graduated as MSc. in Business Administration at the Stockholm School of Economics in Sweden. He lives in Brussels and speaks fluently Swedish, English and French. Previousl
Boskalis, global maritime services company operating in the dredging and inland infrastructure, and offshore energy sectors, realized a higher revenue in the first quarter of 2014 compared to the same period in 2013. Adjusted for the acquisition of Dockwise, which was only included in the consolidat
Northland Power, Canadian developer of green energy projects, has reported its financial results for the quarter ended March 31, 2014. In this quarter, the company has increased its EBITDA by 87% comparing to the same period last year. Project Gemini, the 600 MW offshore wind project in the North Se
DNV GL has advised the UK Green Investment Bank (GIB) and Japan’s Marubeni Corporation on their joint purchase of a 50% stake in the Westermost Rough wind farm, five miles offshore from Hull. The investment in the UK site, still 50% owned by DONG Energy, will see the first large scale commercial pro
Electricity will increasingly power the world’s economies in the 21st century, rivalling oil as the dominant energy carrier, according to a new report by the International Energy Agency. Actively managing this transformation is the only way to meet global energy security and climate goals economical
The UK Department of Energy and Climate Change (DECC) has unveiled proposals to maintain the growing momentum behind renewable electricity investment in the UK, while continuing to deliver value for money for consumers. Since 2010 the UK’s renewable electricity capacity has doubled; in the same peri
