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Business & Finance

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Elia to Invest EUR 3 Billion in Grid and Offshore Wind Farm Development
Business & Finance

Elia to Invest EUR 3 Billion in Grid and Offshore Wind Farm Development

Due to the fact that Elia, transmission system operator in Belgium and Germany, is legally obligated to connect offshore wind turbines to the grid, the company is planning to invest 3 billion euros in grid development over the next 10 years, writes Trends news portal. Jacques Vandermeiren, the newly

about 14 years ago
ScottishPower Names New Member to Board of Directors
Business & Finance

ScottishPower Names New Member to Board of Directors

Iberdrola and ScottishPower Chairman Ignacio Galán today announced that Professor Susan Deacon has been appointed as a Non Executive Director to the Board of ScottishPower Limited. Professor Deacon was until recently Non-Executive Chairman of the ScottishPower Renewables Board, which has now been re

about 14 years ago
UK: Parker Hannifin Corporation Acquires Olaer Group
Business & Finance

UK: Parker Hannifin Corporation Acquires Olaer Group

Parker Hannifin Corporation, the global leader in motion and control technologies, yesterday announced that it has successfully completed its previously announced agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom. Terms of the transaction were not disclosed. The Olaer Gro

about 14 years ago
EU Offshore Wind Capacity Up 50 Pct
Business & Finance

EU Offshore Wind Capacity Up 50 Pct

132 new offshore wind turbines, totalling 523.2 megawatts (MW) were fully grid connected in Europe in the first six months of 2012. This is a 50% increase compared to the same period in 2011 when 348.1 MW were installed. “50 per cent more offshore wind power capacity was installed in Europe in the f

about 14 years ago
Israel: SDE Company Negotiates to Sell Control of Company for USD 10 Million
Business & Finance

Israel: SDE Company Negotiates to Sell Control of Company for USD 10 Million

SDE Company negotiates the sale of control with a number of factors, including leading companies in the medical industry and in the automobile industry. The car industry market is saturated and the medical market is saturated as well. The competition between many companies in these fields created th

about 14 years ago
Eurotech Benelux, Jan de Nul to Manufacture Anchor Cages for Swedish Offshore Wind Farm
Business & Finance

Eurotech Benelux, Jan de Nul to Manufacture Anchor Cages for Swedish Offshore Wind Farm

Eurotech Benelux has teamed up with Jan de Nul Group for the winning bid to design and manufacture sixteen anchor cage structures for a major offshore wind farm. The wind farm, in the Swedish region of the Baltic Sea, will be owned and run by E.ON Sweden. Eurotech Benelux is creating the anchor-bolt

about 14 years ago
UK: Extended Contracts Help Tidal Transit on Way to Reach GBP 1 Million Turnover
Business & Finance

UK: Extended Contracts Help Tidal Transit on Way to Reach GBP 1 Million Turnover

Tidal Transit has secured two contracts for offshore wind crew transfer for the Greater Gabbard and the Sheringham Shoal offshore wind farms, which helped the company on its way to reach GBP 1 million turnover in 2012. An additional GBP 275,000 came from the contracts´ extension signed just a few da

about 14 years ago
SeaRoc to Install Narec´s Offshore Anemometry Hub in Blyth, UK
Business & Finance

SeaRoc to Install Narec´s Offshore Anemometry Hub in Blyth, UK

The National Renewable Energy Centre (Narec) has awarded a multi-million pound contract to SeaRoc to install its Offshore Anemometry Hub. The research facility will be installed 3 nautical miles off the coast of Blyth, Northumberland next to the proposed nearest shore array of the 100MW capacity Bly

about 14 years ago
UK: Stable Government´s Support Could Build 3,600 Turbines by 2020
Business & Finance

UK: Stable Government´s Support Could Build 3,600 Turbines by 2020

Bloomberg forecasts that out of the largest collection of offshore wind farms, planned by the European Union to be placed in the North and Baltic Seas, 3,400 wind turbines will be operational by 2015 and 3,600 more by 2020, subject to stability of the government´s support. The offshore wind industry

about 14 years ago
Wind Turbines Sale Decreases in UK, Germany
Business & Finance

Wind Turbines Sale Decreases in UK, Germany

In the first half of the year sales of wind turbines decreased, despite the ambitions of Germany and the UK. This makes obvious the struggle which the offshore wind sector and its financial supporters are facing in reaching the respective countries´ goals. As the financial crisis has spread througho

about 14 years ago
BioPower Systems Receives AUD 5.6 Million from Australian Government
Business & Finance

BioPower Systems Receives AUD 5.6 Million from Australian Government

The Federal Minister for Resources and Energy, Martin Ferguson AM MP, announced a $5.6 million grant for BioPower Systems’ $15 million bioWAVE Pilot Demonstration Project off the coast of Victoria. These funds add to the $5 million recently awarded to the project by the Victorian Government, confirm

about 14 years ago
Australia: Carnegie Signs Key Wave Energy Agreement with Department of Defence
Business & Finance

Australia: Carnegie Signs Key Wave Energy Agreement with Department of Defence

Wave energy developer, Carnegie Wave Energy Limited announced the signing of key agreements with the Australian Department of Defence unveiled today by the Australian Prime Minister, the Honourable Julia Gillard, and the Federal Member for Brand, the Honourable Gary Gray, at Carnegie’s Wave Energy R

about 14 years ago
UK: Climate Change Policies Expensive and Damaging for Industry, Study Shows
Business & Finance

UK: Climate Change Policies Expensive and Damaging for Industry, Study Shows

The Renewable Energy Foundation (REF) has welcomed the Department of Business Innovation and Skills (BIS) study showing that the UK’s climate change policies are expensive relative to other major economies and damaging for UK industry. REF has consistently argued since its creation in 2004 that UK’s

about 14 years ago
Sweden: SKF Signs USD Multi-Million Agreement for Wind Industry
Business & Finance

Sweden: SKF Signs USD Multi-Million Agreement for Wind Industry

SKF has signed a three-year supply agreement, worth around SEK 1 billion (around USD 142 million) for the new generation SKF Nautilus bearing, with a major wind turbine manufacturer. The new multi-megawatt turbine that will utilize the new bearing is intended for both onshore and offshore installati

about 14 years ago
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