Business & Finance
IRENA: 6.5 Million People Work in Renewable Energy Sector
In 2013, approximately 6.5 million people were already employed in the renewable energy industry worldwide, a new study by the International Renewable Energy Agency (IRENA) reveals. ‘Renewable Energy and Jobs – Annual Review 2014’ underlines the important role that renewables continue to play in emp
Minister Rabbitte Launches Energy Policy Green Paper
The Minister for Communications, Energy and Natural Resources today launched the Energy Policy Green Paper for Ireland marking the beginning of a ten week public consultation on the future shape of Ireland’s energy policy. Ireland faces significant inter-related challenges in relation to climate cha
Siemens’ Green Port Hull Gets Project Director
Siemens has appointed Finbarr Dowling as Project Director for the new wind turbine manufacturing facilities at Green Port Hull and Paull in the East Riding of Yorkshire, effective from 1st July 2014. Mr. Dowling joined Siemens in 1989 and worked in the Metering Manufacturing business based in London
UK Companies Unite to Maximise Tidal Lagoon Industry Potential
Heavy engineering specialists Sheffield Forgemasters have joined a body of senior business owners and directors in Wales working to maximise the potential of a new tidal lagoon industry in the UK. The Wales Tidal Industry Advisory Group was established in January 2014 to realise the commercial benef
Canadian Company Eyes French Offshore Wind Opportunities
Boralex, a Canadian renewable energy company, plans to enter the European offshore wind market by developing projects of 100 to 300 MW capacity. The projects would be installed in France, and the company is already negotiating with a potential European partner, the Global Post writes. Boralex has un
Fishermen’s Energy Expects NJ BPU to Change Mind after DOE’s Decision
Following the US Department of Energy’s (DOE) decision to award up to $46.7 million of funding to Fishermen’s Energy, the company hopes that the New Jersey Board of Public Utilities (BPU) will recognize the importance of its demonstration offshore wind project off the coast of Atlantic City, which c
Danish Yachts Completing Fifth Carbon Fibre SWATH
The first of the ‘second generation’ of Carbon Fibre SWATHs from Danish Yachts is nearing completion and will be soon placed into the water for initial sea trials. The fifth SWATH (four SWATHs were delivered in 2013), designed and built by Danish Yachts, has been further enhanced and developed in or
New Offshore Wind Business Initiative Launched in Denmark
Offshore Wind Denmark has launched a new initiative to improve the competitiveness in the Danish offshore wind sector. Innovation groups will push developments, where companies in the offshore industry can meet and cooperatively develop new commercial and technical solution. “The innovation initiati
50Hertz Looking for Ordnance Disposal Services for Two OWF Connections
50Hertz Offshore GmbH, German grid operator in charge of connecting wind farms in the Baltic Sea, is seeking a contractor to carry out ordnance disposal work along submarine cable routes for the grid connection of two offshore wind farms. The connection point of the wind farms is in Lubmin, where wi
Prysmian Takes a Hit from Western Link Project
The Board of Directors of Prysmian S.p.A. has approved the Group’s consolidated results for the first quarter of 2014 (which are not subject to audit). Group Sales amounted to €1,579 million compared with €1,669 million in the first quarter of 2013, posting organic growth of +3.2%, assuming the same
Vestas Revenue Up for First Three Months of 2014
In the first quarter of 2014, Vestas generated revenue of EUR 1,283m, an increase of 17 per cent to the year-earlier period. EBIT before special items increased by EUR 148m to EUR 40m due to improved project margins, higher revenue, lower fixed capacity costs and lower depreciation. The EBIT margin
Gamesa Reports Q1 Profit of 17 Mln
Gamesa ended the first quarter of 2014 with 17 million euros in net profit, more than double the figure of 7 million euros posted in the same quarter last year. These figures reflect the improvement in profitability, with an EBIT margin of 6% (up from 4.4% in 1Q 2013), and the return to growth in [&
Alstom to Pioneer U.S. Offshore Wind with Dominion Virginia Power
Alstom is part of a team to receive a $47M grant from the US Department of Energy (DOE) for phase II of the Virginia Offshore Wind Technology Advancement Project (VOWTAP) led by Dominion Virginia Power. This next phase includes the completion of Front End Engineering Design (FEED), installation and
Keystone to Provide Its ‘Twisted Jacket’ Design to Two U.S. Projects
Louisiana-based Keystone Engineering Inc. will supply the engineering and design works for its patented Inward Battered Guide Structure, or “twisted jacket”, a wind turbine support structure for two of the three projects selected by the US Department of Energy to receive up to $47 million in US gove