IBERDROLA’s 9-months results have been negatively impacted by increased regulatory costs in Spain and the UK as well as other factors which have led the Company to reduce shareholder remuneration. Positive business activity, including efficiency gains, have reduced the impact on Ebitda to a net €240
Electricity transmission system operator, Tennet, has secured EUR 500 million from the European Investment Bank to fund offshore grid connections in the North Sea. Tennet will construct and maintain three separate offshore grid connections, HelWin1, SylWin1 and DolWin1, to the German Electricity Gri
The Board of Directors of DONG Energy has today approved the interim financial report for the first nine months of 2013 with the following financial highlights compared with the first nine months of 2012: — EBITDA for the first nine months of 2013 was DKK 11.2 billion compared with DKK 6.6 billion f
Energy, road and rail projects worth £33 billion have passed the first hurdle in getting a government infrastructure guarantee, Chief Secretary Danny Alexander has announced today. Forty projects are now at the stage known as pre-qualification, meaning they are eligible for the UK Guarantee scheme.
Members of the Levenmouth Area Committee paid a visit to Samsung Heavy Industries at Methil’s Energy Park Fife this week to find out about progress on the world’s largest and most powerful turbine. Last week the tower and nacelle of the turbine were erected and this week work began on installing the
The Norwegian energy company, Statoil, has decided to drop the offshore wind project off Maine’s coast, writes Press Herald. Statoil was planning to deploy four floating wind turbines offshore Boothbay Harbour. The main reason for Statoil to cancel this USD 120 million project was political uncertai
Wind turbines at sea could be much cheaper. The members of the Joint Industry Project ‘Wave Impact on Fixed turbine’ (JIP WiFi) are convinced that cost reductions are achievable. The design rules currently used to determine the impact of breaking waves on the turbines are very conservative. The thin
WinWinD has submitted a voluntary petition on bankruptcy to the District Court on October 3, 2013. The District Court has allowed the petition and appointed Attorney Pauliina Tenhunen as the Administrator to take care of the further process. WinWinD has been incurring heavy losses for the past sever
SSE has warned that the U.K. opposition Labour Party could delay investments in offshore wind due to their plan to cap energy bills if they win the 2015 elections, writes Bloomberg. SSE spokesman Justyn Smith said: “Although we are continuing to develop offshore wind projects, it’s now also becoming
The UK Green Investment Bank (GIB) today announced a £58.6 million investment in the world’s largest offshore wind farm – London Array. The investment will refinance a significant portion of Masdar’s 20% equity stake in the project. GIB’s senior debt commitment is being made alongside co-lenders: Th
Adur and Worthing councilors held a meeting of their joint planning committee regarding the Rampion offshore wind farm, at which they expressed their skepticism about the benefits that the development could bring to the area. The councilors believe that of the 1,000 jobs that are said to be created
Siemens will reduce the cost of offshore wind turbines by 30 percent by 2020. The head of the offshore wind business from Siemens, Michael Hannibal told this to the Handelsblatt news site. As a result, the price of electricity per kilowatt-hour will drop to about ten euro cents. Today, the kilowatt
Suzlon Group-subsidiary REpower Systems SE announced the completion of installation of its 5,000th turbine, located in Baden-Württemberg’s biggest public wind farm, “Großer Wald”, near Buchen in the Neckar-Odenwald district. Five REpower 3.2M114 turbines that comprise the wind farm will produce arou
On October 7th 2013, Mita-Teknik completed the acquisition of the Danish technology company, Wind Nordic, and hereby takes over all of Wind Nordic’s activities within wind turbine optimization. Wind Nordic, who, like Mita-Teknik delivers services to the wind industry, are market leaders within; load
