Business & Finance
International Initiative to Strengthen Danish Offshore Wind Sector
The EU has pledged to provide around € 1.9 million for the national innovation network Offshore Center Danmark to be used for a new 3-year project called ECOWindS. The project will gather knowledge of installation, operation and maintenance of offshore wind farms in the UK, Germany, Denmark and Norw
Germany: PNE WIND’s EBIT Increases to EUR 24.9 Million
The wind farm project developer, PNE WIND AG, achieved an excellent result for the first nine months of the 2012 financial year. During this period, the company realised a turnover amounting to EUR 80.9 million (previous year: EUR 33.1 million). The EBIT increased very significantly to EUR 24.9 mill
UK: SPR, Vattenfall Invest GBP 6.65 Million in East Anglia Region
ScottishPower Renewables (SPR) and Vattenfall, the developers of East Anglia Offshore Wind (EAOW), have revealed today that £6.65 million has been invested in the East Anglia region through contracts with local businesses over the last two years as part of plans to build one of the largest offshore
USA: Fluor Announces Q3 Financial Results
Fluor Corporation has announced financial results for its third quarter ended September 30, 2012. Net earnings attributable to Fluor for the third quarter were $145 million, or $0.86 per diluted share, compared with $135 million, or $0.78 per diluted share in the third quarter of 2011. Segment profi
UK: Pelamis in Discussions on Partnership
Wave energy’s great potential to surge in the UK’s and Scottish energy mix gave Pelamis Wave Power Ltd. a push to discuss partnership with a number of companies in order to expand its business. Founder and director of the wave energy developer, Richard Yemm, told Bloomberg that the company is prepar
Trident Energy Secures Funding for PowerPod Sea Trials (UK)
Trident Energy, the independent developer of generator solutions for the offshore renewable energy industry, today announces the close of a funding round with new investors and existing shareholders. The new investment comes from the Low Carbon Innovation Fund (LCIF) and members of the London Busine
Australia: Carnegie Wave Energy’s Chairman Addresses Shareholders
Carnegie Wave Energy Limited Chairman, Grant J Mooney, releases the following statement for the shareholders: Since we last met in 2011, Carnegie has continued to progress towards development of the Perth Wave Energy Project off Garden Island, here in Western Australia. In an era when global financi
Dutch Government Goes 16 Pct Renewable by 2020
The additional 2.4 billion budgeted for renewable energy by the new Dutch Rutte II cabinet should be sufficient to realise 16% renewable energy in 2020. This calls for a balanced development of renewable heat, green gas and renewable electricity. The previous cabinet focused on renewable heat as a c
SgurrEnergy Opens Offices in Norway, Brazil
This week, SgurrEnergy announced the opening of two new international offices, bringing its total number of global offices to nine. With headquarters in Glasgow, Scotland, these recent developments see the company’s reach extend to Norway and Brazil with plans for further growth in Germany in 2013.
Denmark: DONG Energy to Cut Costs
The Board of Directors of DONG Energy has today approved the interim financial report for the first nine months of 2012 with the following outlook and financial highlights compared with the first nine months of 2011: EBITDA for the first nine months of 2012 was DKK 6.7 billion compared with DKK 11.7
The Netherlands: Van Oord Strengthens Executive Board
After a long career of nearly 40 years COO P.H.G. (Peter) de Ridder will be leaving Van Oord to retire on 1 January 2013. The Supervisory Board of Van Oord has, in consultation with the Executive Board, decided to strengthen the Executive Board with two Van Oord members. J.B.E.M. (Joep) Athmer (57)
UK: Value of Venture Capital-Backed Deals Double During 2012
According to data compiled by Preqin, the leading provider of intelligence on alternative investments, and analysed by Pinsent Masons, the international law firm, the value of venture capital-backed deals in the UK renewable energy market has doubled during 2012. Figures from Preqin indicate that th
Subsea UK and OPITO Awarded GBP 2 Million Fund
Global-leading energy industry bodies Subsea UK and OPITO have each been awarded part of a £2million fund aimed at attracting vital new entrants into the industry and helping people to diversify their skills. Scotland’s leading diver training facility, The Underwater Centre in Fort William, has also
UK: Carbon Trust Funds Six Companies for Offshore Access Innovation Project
A boat with suspension inspired by Paris Dakar-winning rally cars that can remain stable and a ‘seahorse’ vessel consisting of a towering keel that minimises movements in the ocean swell are two of the six innovative concepts that will receive further funding from the Carbon Trust’s Offshore wind Ac