Business & Finance
Germany: TenneT Seeks Subsea Cable Contractor
TenneT Offshore GmbH is seeking contractors for manufacturing, supply and installation of AC submarine cables, including fibre optics. Subsea cabling will be done in the region of the cluster SylWin, designed for a transmission capacity of up to 300 MW per wind farm and a power level of about 155 kV
China: Ming Yang Announces Change of Board of Directors
China Ming Yang Wind Power Group Limited (Ming Yang), a leading wind turbine manufacturer in China, today announced that, effective November 16, 2012, Mr. Xian Wang has resigned as a member of the Company’s board of directors, for personal reasons. Mr. Wang has been a member of the board of director
UK: Centrica Releases Interim Management Statement
Centrica expects to deliver year on year earnings growth in 2012 in line with market expectations, subject to the usual variables of weather and commodity prices, in a continuing weak economic environment. Average UK residential gas consumption for the first ten months of 2012 was 9% higher than for
USA: Deepwater Wind Announces Additions to Leadership Team
Deepwater Wind has announced additions to its leadership team as the company moves toward construction of its path-breaking Block Island Wind Farm and advances its plans for utility-scale offshore wind farms to power states along the East Coast. Jeffrey Grybowski, who has led Deepwater Wind’s regula
Germany: EnBW Delays Hohe See Decision
Due to the uncertainties in the regulations and amendment process of the Energy Act underway , EnBW, one of the largest energy companies in Germany has decided to postpone the decision on EUR 1.5 billion investment in the North Sea Offshore Wind. “We need legal clarity and reliable framework conditi
UK: SSE Announces Half Year Results
SSE plc has announced half year results for the six months to September 2012. Lord Smith of Kelvin, Chairman of SSE, said: “SSE’s focus is always on full-year results, because the potential for volatility is always much greater in a half year period, but it is obviously encouraging that adjusted pro
Germany: Q3 Strongest for Nordex
In the first nine months of the current year, the Nordex Group posted a 7 percent increase in sales to EUR 715.5 million (2011: EUR 668.2 million). Business in Europe, which is the company’s most important region, rose in particular, with sales climbing by 16 percent. With business volume EUR 294.4
Natural Power Leads Due Diligence Services in France
International renewable energy consultancy Natural Power has acted as lead due diligence engineer for the acquisition of a portfolio of eight operational wind farms in France. Natural Power as technical advisor together with KPMG acting as financial advisor and also undertaking the financial due dil
Natural Power Establishes Presence in London, UK
Leading international renewable energy consultancy Natural Power has announced a new presence for the company in London, which will be focussed on supporting Clients with its full range of Due Diligence services, as well providing access to the full lifecycle range of services available through the
UK: JDR Reports Record Results
JDR, a leading provider of technology connecting the global offshore energy industry, has provided an update on its trading performance for the nine months ended 30 September 2012. Highlights Record revenue of £85.6m (an increase of 75% from the equivalent period last year) Record EBITDA performance
China: COSCO Delivers Wind Turbine Installation Vessel
The Board of Directors of COSCO Corporation (Singapore) Limited announces that COSCO (Nantong) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd, has delivered one windmill turbine installation vessel (WTIV) “SEA INSTALLER” to its European buyer. The delivery d
Germany: EnBW Revenues Up by 4.4 Pct to 14.4 Billion
In the first nine months of the current fiscal year 2012, EnBW Energie Baden-Württemberg AG increased its revenue by 4.4% to € 14.4 billion. A sharp fall in revenue in the electricity generation and trading segment (down 26.7%) was offset by equally sharp revenue growth in the electricity grid and s
Norway: Statkraft Achieves Acceptable Results in Challenging Power Market
In the third quarter of 2012, Statkraft achieved an underlying operating profit before depreciation (EBITDA) of NOK 1185 million, compared with NOK 1751 million in the corresponding quarter in 2011. The profit after tax was NOK 638 million, compared with a loss of NOK 1583 million in the third quart
Italy: Prysmian Releases Q3 Results
The Board of Directors of Prysmian S.p.A. has approved today the Group’s consolidated results for the first nine months of 2012. “The nine-month results show an overall stability in sales and above all a marked improvement in profitability, mainly thanks to synergies from the integration with Draka,