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Business & Finance

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UK: Dalby Offshore Renewables Buys Another Alicat Vessel
Business & Finance

UK: Dalby Offshore Renewables Buys Another Alicat Vessel

Dalby Offshore Renewables purchased Boat 12 from Alicat Workboats of Great Yarmouth, after it bought two crew transfer vessels from the Great Yarmouth’s company earlier this year. Prior to purchasing the two crew transfer vessels, Dalby put the Alicat through its paces with various sea trials and an

about 14 years ago
Porpoises, WW2 Mines Increase Costs of German Offshore Wind Projects
Business & Finance

Porpoises, WW2 Mines Increase Costs of German Offshore Wind Projects

Porpoises and unexploded mines left from the Second World War are increasing the costs of offshore wind projects in Germany, while also putting more delays to the country’s energy transition. Namely, after environmental groups complained that driving foundations into the seabed damages the hearing o

about 14 years ago
UK: TINAs Analyses Potential of Marine Energy, Electricity Networks and Carbon Capture
Business & Finance

UK: TINAs Analyses Potential of Marine Energy, Electricity Networks and Carbon Capture

Low carbon technologies have been put under the spotlight with the publication of three in-depth reports into key areas of innovation. This new analysis, under the Technology Innovation Needs Assessments (TINAs), delves into marine energy, electricity networks and storage, and Carbon Capture and Sto

about 14 years ago
UK: Gravitas Offshore Secures Innovation Funding from DECC and TSB
Business & Finance

UK: Gravitas Offshore Secures Innovation Funding from DECC and TSB

Gravitas Offshore Limited is the latest UK company to secure innovation funding from a DECC and Technology Strategy Board (TSB) innovation scheme to support the development of next generation offshore wind technology. Energy and Climate Change Minister Greg Barker said: “The Coalition is committed t

about 14 years ago
Finland: Two Moventas Companies Merge
Business & Finance

Finland: Two Moventas Companies Merge

Wind gear manufacturer Moventas Wind Oy and industrial gear manufacturer Moventas Santasalo Oy are merging into one company on 31 August, 2012. The new company, named Moventas Gears Oy, continues the operations of both companies. “Our new name, Moventas Gears, represents us well. We are an expert in

about 14 years ago
UK: Spencer Group Gets Humber Gateway Contract
Business & Finance

UK: Spencer Group Gets Humber Gateway Contract

A local firm has teamed up with a leading electrical technology provider to put the latest piece into place for E.ON’s £736m Humber Gateway Project. Spencer Group has been engaged by CG Power to install the civil infrastructure for the new substation which will connect the power from the new Humber

about 14 years ago
Denmark: Pension Funds Eye Wind Energy Projects
Business & Finance

Denmark: Pension Funds Eye Wind Energy Projects

Hunting for higher returns, pension funds are acquiring stakes in wind power projects, reports Reuters. Namely, these projects were dubbed too risky by banks and other investors. DONG Energy’s acting deputy CEO for wind power Morten Buchgreitz said: “I hope this will be a model that catches on becau

about 14 years ago
Germany: Nordex’s Order Backlog Up 50 Pct to EUR 873 Million
Business & Finance

Germany: Nordex’s Order Backlog Up 50 Pct to EUR 873 Million

The Nordex Group posted a 4.4 percent increase in sales to EUR 421.1 million in the first half of 2012 (2011: EUR 403.3 million). This growth was driven by the Company’s core European market, where sales grew by 17.2 percent to EUR 338.2 million. At EUR 522 million, new orders remained steady at the

about 14 years ago
JDR to Deliver Subsea Cables for Meerwind Sud/Ost Offshore Wind Farm, Germany
Business & Finance

JDR to Deliver Subsea Cables for Meerwind Sud/Ost Offshore Wind Farm, Germany

JDR has announced that the company has been selected by WindMW GmbH as a partner for the Meerwind Sud/Ost Offshore Windfarm. The project will use 80 wind turbines to generate 288 megawatts of electricity and will be located approximately 23km north of the island of Helgoland, with completion planned

about 14 years ago
DONG Energy Acquires German Gode Wind 1, 2, and 3
Business & Finance

DONG Energy Acquires German Gode Wind 1, 2, and 3

DONG Energy has acquired 100% ownership interest in three offshore wind development projects in Germany, Gode Wind 1, 2, and 3, from PNE Wind AG. The three projects have a total capacity of up to 900 megawatt and are located in the German North Sea approx. 30 km northwest of the island of Norderney.

about 14 years ago
German Insurers Say No Comment on Buying Tennet’s Business
Business & Finance

German Insurers Say No Comment on Buying Tennet’s Business

Munich Re and Allianz, German insurance companies, declined to comment on a newspaper report which says that they were considering buying power grid from TenneT, one of Germany’s transmission system operators. Reuter informs that Munich Re stated that it could not confirm the alleged interest, while

about 14 years ago
Germany: HOCHTIEF Releases H1 Results
Business & Finance

Germany: HOCHTIEF Releases H1 Results

HOCHTIEF generated profit before taxes of EUR 166.1 million in the second quarter of 2012 after incurring a loss in the first three months of the year. The HOCHTIEF Asia Pacific division returned to the black. The troubled Airport Link project, a toll road in Brisbane, was opened to traffic and hand

about 14 years ago
Belgium: Parker Hannifin Wins Contract for Northwind Offshore Wind Farm
Business & Finance

Belgium: Parker Hannifin Wins Contract for Northwind Offshore Wind Farm

Parker Hannifin Corporation, the global leader in motion and control technologies, has been awarded a contract by Northwind NV, a joint venture of the Colruyt Group and Aspiravi NV from Belgium. The scope of the agreement is for supply of infield array cables, cable accessories and offshore services

about 14 years ago
German Minister to Discuss TenneT’s Problems with Dutch Government
Business & Finance

German Minister to Discuss TenneT’s Problems with Dutch Government

Philipp Rösler, German Minister of Economy, will meet with the Dutch Government representatives this week and discuss the financial problems that the transmission system operator TenneT is facing, Reuters writes. As reported earlier, due to its financial issues, the company is claimed to be responsi

about 14 years ago
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