Business & Finance
Germany: Windreich Welcomes Regulation of Grid Connection Liability
Windreich AG, a leading wind power company in Germany and a pioneer in the offshore industry, welcomed the decision of the Federal Government to regulate the liability for delayed or disrupted grid connections of offshore wind farms. According to the plans of the Federal Government, the law should b
Canada: NaiKun Releases Third Quarter Financial Results
NaiKun Wind Energy Group Inc. (the “Company” or “NaiKun Wind”) announced its financial results for the three months ended June 30, 2012, a fiscal period in which the Company continued to explore ways to forward the NaiKun Wind Project while controlling its costs. A substantial restructuring was unde
Scottish Government Awards GBP 7.9 Million Funding to Five Marine Energy Developers
Five marine energy developers will benefit from £7.9 million funding to further develop testing of new wave and tidal prototypes in the seas around Scotland, Deputy First Minister Nicola Sturgeon has announced. The second round of WATERS (Wave & Tidal Energy: Research, Development & Demonstration Su
UK: Gardline Wins New Contracts and Employs 20 People Each Month
Gardline Marine Sciences, a marine survey company which employs about 2,000 people worldwide, has been recruiting about 20 new people every month for the past 18 months. The Norwich Evening News site quotes head of the renewables group at Gardline Marine Sciences, John Morse, as saying that in July
Oceanflow Wins WATERS-2 Funding from Scottish Enterprise
Oceanflow Development Limited has been successful in winning WATERS-2 (Wave and Tidal Energy R&D Support) funding from Scottish Enterprise for the development of a twin-turbine variant of its floating, tethered Evopod technology. This latest award follows WATERS 1 funding in 2010 to demonstrate Ocea
Germany: PNE WIND Releases H1 Report
The wind farm project developer, PNE WIND AG, has published its results for the first half of 2012. The reporting period was characterised by ntensive onshore and offshore project development activity which required advance payments and investments in projects whose realisation will lead to future s
German Energy Strategy Will Cost Consumers Significantly
German unit of Vattenfall says that the German energy strategy will hit the consumers’ pockets as costs for new renewable power generation units and networks must be passed on. Vattenfall Europe chief Tuomo Hatakka told the Sueddeutsche Zeitung that he expects the electricity bill for private custom
Denmark: DBB Jack-Up Services Acquires Two New Vessels
With the purchase of a brand new vessel and a contract for an additional new jack-up ship, the Aarhus-based company DBB Jack-Up Services is cornering the market of specialised service for the offshore wind turbine industry. Both new vessels are considerably more technically advanced than other vesse
UAE: Lamprell Reports H1 Net Loss of USD 47.1 Million
Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewable industry based in the UAE, announces its Interim Results for the six month period to 30 June 2012. H1 2012 financial results: Revenue: US$ 528.1 million (H1 2011: US$ 383.6 million). Operatin
Denmark: Vestas in Talks with Mitsubishi Heavy Industries
Today, there is information in the market that Vestas is in dialogue with Mitsubishi Heavy Industries. Vestas can confirm that there is an ongoing dialogue between the two companies regarding a potential strategic cooperation. If the dialogue results in an agreement, Vestas will make a company annou
UK: MeyGen Enters £10 Million Competition
MeyGen is today announcing its entry into the Saltire Prize and welcomes the opportunity to challenge for this significant accolade. Meygen’s entry coincides with the launch of the Saltire Prize Grand Challenge Period, which is being formally announced today in Orkney by Scotland’s First Minister, A
USA: GL Garrad Hassan Names CEO for North America
Carole Barbeau has been announced as the new President and CEO of GL Garrad Hassan North America, with immediate effect. Mrs. Barbeau brings extensive experience of the renewable energy industry and will be responsible for managing the activities of the renewable energy consultancy on the North Amer
Denmark: Busy Summer for SubC
This summer, SubC is involved in several projects related to the issues of the grouted connections on monopiles. After thousands of grouted connection inspections, SubC has gained a significant knowledge of these issues and their related problems. Due to this expertise the company has gained, SubC h
China: Goldwind Publishes H1 Results
Xinjiang Goldwind Science & Technology Co., Ltd. (“Goldwind”) has announced its interim results for the six months ended 30 June 2012 (the “reporting period”). According to unaudited financial statements prepared in accordance with International Financial Reporting Standards, the Group generated rev