Business & Finance
Dong Energy’s Employees Invest almost EUR 30 Mln in Their Company
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
NTOC to Work on 200MW Chinese Offshore Wind Project
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
CRMC OKs Block Island Offshore Wind Farm
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 Gets Two-Year Extension on Siemens’ UK Offshore Wind Sites
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
E.ON’s Renewables EBITDA Up 20 Pct
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
Sarens Names New CFO
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’ Q1 Revenues Up
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 Makes Progress on Gemini
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 Advises on Westermost Rough Wind Farm Transaction
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
Additional $44 Tln Needed for Clean Energy by 2050, Says IEA
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
DECC Releases Proposals for Renewable Energy Support
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
VIDEO: Alstom’s Imma Foix Discusses OW Opportunities for UK Manufacturers
In an interview with GROW:OffshoreWind, Imma Foix, Global Sourcing Director at Alstom Wind, spoke about the opportunities available for manufacturers to supply the UK offshore wind market. The UK offshore wind market, estimated to be worth more than £100bn over the next 20 years, offers manufacturer
EU to Use Ocean Resources for Further Growth
The EU has presented an action plan to help make better, responsible use of Europe’s ocean resources. With two thirds of the planet covered by water, the sea’s resources can help to meet food, medicine and energy needs. The “blue economy” could also contribute to sustainable growth. The Commission i
NaiKun Reports Expected CAD 0.4 Mln Loss
NaiKun Wind Energy Group Inc. released its financial results for the three months ended March 31, 2014, a fiscal period in which the company continued to explore ways to forward the NaiKun Wind Project while controlling its costs. A substantial restructuring was undertaken in the third quarter of fi