Business & Finance
Germany: REpower to Streamline Organization and Cut up to 750 Jobs
REpower Systems SE, a leading manufacturer of onshore and offshore wind turbines and part of the Suzlon Group, announced today that it was streamlining the organization to be a leaner, more efficient and competitive company. Andreas Nauen, CEO – REpower Systems SE, said: “The plans I am announcing w
Germany: Alpha Ventus 2012 Yield Exceeds Expectations
The annual yield of alpha ventus again exceeded expectations in 2012. During last year, Germany’s first offshore wind farm fed 267.8 gigawatt hours of power into the German power grid. At 15.3 per cent, the power yield is higher than the originally forecast value. The good yield trend also continued
USA: Cape Wind Opponents Against USD 4.3 Billion State Incentive
Cape Wind opponents are blasting the nearly $4.3 billion in potential taxpayer and ratepayer levies for the proposed Nantucket Sound wind turbine project in recent comments and public testimony before Congress. During her testimony, Audra Parker, President and CEO of the Alliance to Protect Nantucke
The Netherlands: Ballast Nedam Releases Q1 Results
The pressure on markets was undiminished in the first quarter, leading to fierce competition, price pressure and bankruptcies. The competition faced by capacity-driven markets in particular has been cut-throat. This market situation led in late 2012 to accelerated execution of the strategy of focusi
Dillinger Hütte Group Ends Challenging Financial Year with Positive Earnings (Germany)
The Dillinger Hütte Group (Dillinger Hütte and its subsidiaries) performed well during the 2012 financial year in the face of difficult economic circumstances. Despite declines in production volumes and sales revenues (€ 2.5 billion compared to € 2.8 billion in the previous year), positive earnings
Scotland Launches GBP 15 Million Fund for Innovative Offshore Wind Foundation Projects
A new £15 million fund has been launched to support innovative solutions for the development of offshore wind turbine foundations, a key component in Scotland’s fast-growing offshore wind sector. The Scottish Innovative Foundation Technologies Fund, which is open to offshore wind foundation manufact
SHL Awards CAPE Holland with Contract for APE Model 600 Tandem Vibratory Hammer Set
CAPE Holland has announced it has been awarded for a purchase contract for an APE Model 600 Tandem vibratory hammer set (Tandem Super Kong). For the installation of the Helwin 1 and BorWin 2 base frames, Seaway Heavy Lifting (SHL) will use the Tandem Super Kong to install a total of 16 piles with di
SgurrEnergy Supports Growth in Scottish Offshore Wind Industry
SgurrEnergy is providing expert advice and consultancy services to Scottish firms as part of its role in the Scottish Enterprise funded Offshore Wind Expert Support Programme. In partnership with Innovation Centres (Scotland) and Caithness Renewables, the Glasgow-based consultancy is supporting busi
UK: Vattenfall, ScottishPower Invest GBP 15 Million in East Anglia Region
Vattenfall and ScottishPower Renewables, joint venture partners behind the East Anglia Offshore Wind Zone, have awarded over £15m in contracts to businesses operating in East Anglia. Since 2010, 28 firms located in the region have benefited and it is estimated that this has helped support well over
German Offshore Wind Industry Model for Massachusetts
A delegation from the port city of New Bedford, Massachusetts (United States) is currently visiting the sites of the German offshore industry in Cuxhaven and Bremerhaven, as we recently reported. The 40-member delegation will be informed about the industry directly from local companies in the follow
Belgium: MPI Resolution to Work on GeoSea’s Offshore Wind Projects
MPI Offshore announces the award of a charter party in respect of MPI Resolution by GeoSea N.V., subsidiary of the Belgian based DEME Group. MPI Resolution is scheduled to commence work on a series of GeoSea projects situated in the North Sea and Baltic Sea area as from the middle of June 2013 for a
SMart Wind Signs Agreement with Crown Estate (UK)
SMart Wind, the joint venture between Mainstream Renewable Power and Siemens Financial Services, today announced the signing of Agreement for Leases (AfL) with The Crown Estate for Optimus Wind and Breesea, which together comprise the second phase of projects within the Hornsea Zone. Optimus Wind an
PNE WIND AG Gets Creditworthiness and Sustainability Rating of BBB
Euler Hermes Rating has given the wind farm project developer, PNE WIND AG a creditworthiness and sustainability rating of BBB- (equivalent to “investment grade”). With the realisation of the planned (foreign) projects and a corresponding stabilisation of income and cash flows, Euler Hermes Rating a
The Netherlands: Vestas Signs Contract Extension for Eneco’s Prinses Amaliawindpark
Vestas has signed a 10-year extension of the service contract for Eneco’s wind power plant Prinses Amaliawindpark (PAWP) in the Netherlands. The contract has a total capacity of 120 MW comprising 60 units of the V80-2.0 MW wind turbine. The contract is a 10-year service agreement extension with Vest