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Business & Finance

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UAE: Delayed Deliveries Lead to 1H Loss of USD 45 Million for Lamprell
Business & Finance

UAE: Delayed Deliveries Lead to 1H Loss of USD 45 Million for Lamprell

Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewables industry, made the following announcement: Following the Company’s Trading Update of 7 June, the Company has been undertaking a further review of its financial position and as a result has n

about 14 years ago
Revised Funding to Help Offshore Wind Businesses in Humber, UK
Business & Finance

Revised Funding to Help Offshore Wind Businesses in Humber, UK

New funding levels for renewables technology will support the Humber’s ambitions to be a world-class centre for green energy, according to an industry leader. Sam Pick, of the Renewables Network, has broadly welcomed the Government’s long-awaited announcement on clean energy subsidy levels. For the

about 14 years ago
Spain: EDP Renewables 1H 2012 EBITDA Increases to EUR 504 Million
Business & Finance

Spain: EDP Renewables 1H 2012 EBITDA Increases to EUR 504 Million

EDP Renewables (EDP Renováveis, Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, announced that in 1H 2012 electricity output increased by 13%YoY to 9.9TWh, as a result of the capacity growth over the last 12 months ( 339 MW), an ave

about 14 years ago
Germany: RWE Delays Innogy Nordsee Announcement
Business & Finance

Germany: RWE Delays Innogy Nordsee Announcement

German utility, RWE has delayed announcement regarding the investment decision for Innogy Nordsee wind farm in the North Sea, according to Handelsblatt. The major reason for the temporary freeze on investment is legal liability risks. The company has planned to start the “Innogy Nordsee 1“ project i

about 14 years ago
Australia: Oceanlinx Seeks Local Contractors for 1 MW Wave Energy Project
Business & Finance

Australia: Oceanlinx Seeks Local Contractors for 1 MW Wave Energy Project

Oceanlinx is searching for local contractors who will build and launch the greenWAVE concrete structure for their1MW wave energy plant. As written in an article of The Border Watch Newspaper, featured on Oceanlinx’s official website, the company’s CEO Ali Baghaei and project analyst Sean Barrett vis

about 14 years ago
UK Reduces Support for Wind Power
Business & Finance

UK Reduces Support for Wind Power

Changes to subsidies for renewable electricity could incentivise between £20 billion and £25 billion of new investment in the economy between 2013 and 2017. The Banding Review for the Renewables Obligation will support jobs and deliver more clean power with a reduction in costs to consumers between

about 14 years ago
The Netherlands: IHC Lagersmit Becomes IHC Sealing Solutions
Business & Finance

The Netherlands: IHC Lagersmit Becomes IHC Sealing Solutions

IHC Lagersmit BV, a subsidiary of IHC Merwede, has changed its name to IHC Sealing Solutions BV. This change, which came into effect on 6 July, is the result of the continued international growth that the company has experienced in recent years. Additionally, the company’s focus has shifted in past

about 14 years ago
USA: GE Restructures Its Energy Business
Business & Finance

USA: GE Restructures Its Energy Business

GE announced today that it will reorganize its Energy business into three standalone businesses effective in the fourth quarter of 2012. The Energy headquarters organizational layer will be phased out by the end of 2012. This change will speed decision making, reduce layers and decrease cost. GE Ene

about 14 years ago
The Netherlands: DNV KEMA Appoints New Supervisory Board Member
Business & Finance

The Netherlands: DNV KEMA Appoints New Supervisory Board Member

Nina Skorupska (50) has been appointed member of the Supervisory Board of DNV KEMA Energy & Sustainability. Skorupska holds the position of Chief Technology Officer, and member of the Executive Board, of Essent. Including Nina Skorupska, DNV KEMA’s Supervisory Board now has six members. The other me

about 14 years ago
USA: New Jersey Could Divert Offshore Wind Funds
Business & Finance

USA: New Jersey Could Divert Offshore Wind Funds

State of New Jersey is a leading place for offshore wind development, since it has rather shallow waters and generous wind resources. However, the state now copes with certain financial issues regarding revenues that are targeted to offshore wind projects for generating electricity. Fears have been

about 14 years ago
Norway: Bonheur’s EBITDA Drops to USD 170 Million
Business & Finance

Norway: Bonheur’s EBITDA Drops to USD 170 Million

As a consequence of Bonheur ASA holding more than 50% of the shares of Ganger Rolf ASA, Ganger Rolf ASA is fully consolidated for accounting purposes as a subsidiary of Bonheur ASA. As Bonheur ASA and Ganger Rolf ASA have a joint ownership of their most important investments, the ownership structure

about 14 years ago
Denmark: DONG Signs Framework Agreement with Siemens
Business & Finance

Denmark: DONG Signs Framework Agreement with Siemens

DONG Energy and Siemens Energy have today signed a framework agreement on the supply and servicing of a total of 300 offshore wind turbines of 6 megawatt each, giving a total capacity of 1,800 megawatt. The turbines will be installed at selected DONG Energy offshore wind farms in the UK in the perio

about 14 years ago
Australia: South Boats Chooses Arctic Steel Water Strainers for Workboats
Business & Finance

Australia: South Boats Chooses Arctic Steel Water Strainers for Workboats

South Boats, Britain’s flagship work boat builder, has chosen to fit Marine OEM Supply´s Arctic Steel water strainers to provide clean cooling water to the high performance engines powering their workboats. The high spec vessels, built to DNV certification, demand the absolute best from the equipmen

about 14 years ago
ScottishPower Board Approves Plans for New Glasgow City Centre HQ
Business & Finance

ScottishPower Board Approves Plans for New Glasgow City Centre HQ

Following approval yesterday by the Board of Directors, ScottishPower has today outlined plans to develop a new 14 storey office headquarters in Glasgow City Centre. The 220,000sq ft development will support the Company’s continued UK growth, acting as a hub for delivering the significant planned UK

about 14 years ago
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