Business & Finance
Germany: Siemens Works to Reduce Offshore Wind Costs
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
REpower Erects Its 5,000th Wind Turbine (Germany)
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
Mita-Teknik Completes Acquisition of Danish Wind Nordic
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
Denmark: Vestas Disposes of Machining and Casting Units to VTC Partners
As part of Vestas’ turnaround plan announced in January 2012 and as also restated in the interim financial report for the second quarter of 2013, Vestas has been negotiating with potential buyers of Vestas’ machining and casting units. These negotiations have now been finalised with the signing of a
Fendercare Marine to Supply Yokohama Fenders to Eastport UK
Norfolk based Fendercare Marine, one of the world’s foremost suppliers of marine products and services, has won a significant contract to supply Yokohama fenders to Eastport UK, Norfolk’s premier port. The contract, won against strong international competition, is for the supply of 17 Yokohama pneum
WINDEA one Catamaran Successfully Starts Its Operation (Germany)
Since the commissioning, the WINDEA one catamaran has had its schedule fully chartered out. After two short termed charters, the WINDEA one and its crew is now operating for the wind farm Borkum West II for a longer period. The WINDEA one is directly chartered by TRIANEL Windkraftwerk Borkum GmbH &
Able UK Welcomes Government’s Investment in Enterprise Zones
Able UK, which is developing the Able Marine Energy Park (AMEP), has welcomed yesterday’s decision of the UK Government to invest GBP 100 million in enterprise zones for their completion of key infrastructure projects and successful competition for new businesses. The Government explained that the f
Germany: 8,000 MW of Offshore Wind Energy by 2020
Some 1,500 wind turbines in the North and Baltic Seas will be producing electricity for consumers on the mainland by 2020. Nico Nolte from the German Federal Maritime and Hydrographic Agency (BSH) calculated that the installed capacity at the end of the decade will amount to 7000-8000 megawatts – a
UK’s Offshore Wind to Receive Triple the Typical Electricity Wholesale Price, Report Says
Renewable energy – such as wind – is only competitive thanks to generous UK Government subsidies. Those subsidies are paid for by consumers through higher household energy bills. The TaxPayers’ Alliance can reveal that, even based on conservative projections, those subsidies will rise from just unde
UK: Sutton Bridge Asks for Benefits in Centrica’s Offshore Wind Projects
Sutton Bridge Parish Council is trying to get the best from Centrica’s offshore wind projects and protect its citizens and shore at the same time, as the Race Bank project development gears up. After the cables were laid through the Sutton Bridge sea bank for Lincs offshore wind farm, the sea bank w
UK Government Gives GBP 100 Million for Enterprise Zones
The UK Government is putting an extra £100 million on the table so enterprise zones can complete key infrastructure projects and successfully compete for the new businesses that will create thousands of local jobs across the country, Communities Secretary Eric Pickles announced today (7 October 2013
Ireland: Mainstream Closes EUR 100 Million Equity Investment with Marubeni
Mainstream Renewable Power today announced the closing of the €100 million equity investment by global Japanese Trading Company Marubeni Corporation. The deal, which was announced in August, has been approved by Mainstream’s shareholders and makes Marubeni the largest institutional investor in Mains
Germany: Onshore Facilities Needed for Nordsee 1
Nordsee One GmbH is seeking onshore services for Nordsee 1 offshore wind farm. The contract to be awarded concerns the services regarding the provision of 2 berths for 2 crew transfer vessels and onshore facilities for the Nordsee 1 offshore wind farm. The onshore facilities should also consist of a
UK: Bankers “Open for Business,” Says LEP
The Humber Local Enterprise Partnership (LEP) has been given the message from bankers in the region that they are “open for business”. The LEP regularly meets with Humber bankers to exchange information and understand the business environment, as a barometer to what is happening in the local economy