Business & Finance
Norway: Statnett Reports NOK 187 Million Profit in Q2
The Statnett Group reports profit after tax of NOK 187 million in the second quarter of 2012. The corresponding figure for the same period in 2011 was NOK 126 million. Profit after tax for the first half of 2012 was NOK 452 million, compared to NOK 520 million for the first half of 2011. Profit [&he
Denmark: Ramboll Announces H1 2012 Results
Ramboll’s revenue grew by 11% to DKK 3.9 billion during the first six months of 2012. Operating profit before goodwill amortisation (EBITA) was DKK 231 million, which was 63% higher than the same period last year. Ramboll achieved all-time high revenue of DKK 3,886 million during the first six month
USA: Wind Energy M&A, Venture Capital Funding Decreased in Q2
A report on wind energy mergers and acquisitions (M&A) and venture capital (VC) funding has been issued by Mercom Capital Group, saying that M&A and VC funding decreased in the second quarter (Q2) of 2012, although the large-scale project funding turned in a strong quarter. The large-scale wind powe
PCS, VEM Sachsenwerk to Celebrate Their Partnership at HUSUM, Germany
Two German companies have joined forces to sustainably optimize electricity generation from wind energy. For the first time ever, PCS Power Converter Solutions from Berlin and VEM Sachsenwerk from Dresden are offering a thoroughly tested and perfectly integrated combination of full power converters
Norway: Statkraft Reports Q2 Operating Loss in Wind Sector
The second quarter of 2012 was characterised by low electricity prices in the Nordic region, but a significant portfolio of long-term power contracts and high production still ensured that the Group achieved satisfactory results. Underlying EBITDA and the pre-tax result were higher than in the same
Germany: OMM Appoints New Managing Director
Offshore Marine Management GmbH (OMM GmbH) has announced the appointment of Managing Director Klaus Klingelhöller to the company. Klaus joined OMM GmbH in early July of this year, bringing to the role over 25 years’ experience of working within the renewables industry both on and offshore. Klaus has
Denmark: Vestas’ EBIT Declines to USD 40 Million
Vestas generated revenue of EUR 1,611m in the second quarter of 2012 – an increase of 15 per cent to the year-earlier period. EBIT before special items declined by 48 per cent to EUR 40m. The EBIT margin before special items was 2.5 per cent – an improvement of 21 percentage points compared to the [
UK: Atlas Services Group Energy Acquires MSOP
On Monday the 20th of August 2012, Atlas Services Group Energy Ltd., specialised in supplying professionals to the energy and marine industry worldwide, has reached an agreement with Main Source Offshore People Ltd. (MSOP) and Offshore Marine Management (OMM) as a result of which Atlas Services Grou
Germany: Lloyd Werft Sees Offshore Wind Market as New Mainstay
A busy winter with plenty of passenger ships was followed by a spring in which special ships dominated the scene: the half-year report of Lloyd Werft Bremerhaven mirrors the current climate in German shipbuilding. “It’s a changeable market,” says Rüdiger Pallentin in a comment which also describes p
Scottish Energy Minister to Speed Up Wind Energy Planning Applications
Energy Minister Fergus Ewing has launched guidance designed to make planning applications for wind energy developments run more smoothly for developers, planning authorities and the communities affected. The guidance is a result of the GP Wind Project, a Scottish-Government led EU project which look
Denmark: Two Companies Merge into Nordic Offshore Marine
The companies Nordic Offshore and Offshore Marine Services have merged into one company resulting in Nordic Offshore Marine. Nordic Offshore has been specializing in providing qualified and experienced personnel for both permanent and temporary positions for many years, and is a leading force in pro
Norway: TTS Completes Acquisition of Neuenfelder Maschinenfabrik
TTS Group ASA has completed the acquisition of Neuenfelder Maschinenfabrik GmbH (NMF) at a price of MNOK135 (17.5 MEUR). NMF supplies heavy lift cranes and has 130 employees located in Hamburg, Germany. The product range of NMF will complement and strengthen TTS’s market position for marine and offs
Denmark: SubC Signs Long-Term Agreement with Dong Energy
As a part of its growth strategy, SubC Partner has signed a long-term agreement with Dong Energy. This partnership brings the company even closer in the development of tools and procedures for offshore IRM work, with the common goal to achieve a cost effective way to inspect and repair offshore turb
UK: Guernsey Electricity Reports Loss on MCT Investment
Guernsey Electricity’s annual report has revealed the company has lost £136,000 on the investment in Bristol-based tidal energy expert, Writes This is Guernsey. Namely, GE did not release the figures earlier this year when the MCT was sold to Siemens. Despite the great loss, Managing director Alan B