Business & Finance
Germany: Windreich Welcomes Change in Ownership Fuhrländer
Dipl.-Wirt.-Ing. (FH) Willi Balz, Windreich AG, is the second largest shareholder of Fuhrländer AG with headquarters in Liebenscheid (Siegerland), and welcomes the change of ownership of Germany’s oldest wind turbine manufacturer and emphasis: The new owner structure ensures the future of the tradit
KfW to Finance German Offshore Wind Projects
KfW, German state development bank, published yesterday its results for the first half of 2012 and revealed its future plans. Under the KfW Action Plan to support the energy turnaround, the bank plans to extend loans to EUR 100 billion for renewable energies and energy efficiency in the next five ye
UK: Major Funding Boosts of GBP 8 Million for Subsea Firm ROVOP
A rapidly evolving and award winning new subsea business has secured £60,000 in public sector funding to support its business growth and expansion overseas. The cash boost from Scottish Enterprise and Scottish Development International will help ROVOP, based in Westhill, Aberdeenshire, to both explo
Germany: BARD Reaches Agreement on Social Plan for CSC
A mutually acceptable solution has been achieved over a balance of interests and a new social plan amid constructive negotiations between the management and the union of Cuxhaven Steel Construction CSC. The operational tasks of the CSC for the BARD Offshore 1 will be completed by 31 October 2012. Th
UK: Mosscliff Environmental to Open South West Office
Mosscliff Environmental Ltd opens the doors of a brand new regional office at the Exeter University Innovation Centre this month. As well as acting as hub for the company’s developing commercial activities across the South West, the university base marks the start of some important joint research an
UK Stays Offshore Wind Leader in Europe
According to the new report by the Global Wind Energy Council (GWEC), the UK has kept its leading position in the offshore wind, reports Energy News Live news portal. The UK has installed more than 2,000MW of wind power in the last year, totaling to 3,813MW. Total installed offshore wind capacity su
CWE Ireland Submits Application for 5MW Wave Project
CWE Ireland has applied with the Department of the Environment for the licence to develop a five megawatt wave energy project off the west Clare coast, writes the Irish Times. The company, which is a 100% owned subsidiary of Carnegie Wave Energy Limited, chose this site after a two year research. Ki
UK: Rosyth Could House Offshore Wind Turbines Manufacturing
Scarborough Muir, a joint venture between Scarborough Group and Muir Group, plans to redevelop the former Rosyth naval base and turn it into offshore wind turbine manufacturing and servicing site. According to The Herald Scotland, realization of this plan could attract GBP 500 million of investment
Germany: E.ON’s Net Income Up to EUR 3.3 Billion
For the first 6 months of 2012 E.ON expects its group EBITDA to be around EUR 6.7 billion (prior year: around EUR 4.3 billion) and its underlying net income to be around EUR 3.3 billion (prior year: around EUR 0.9 billion). The extraordinary increase results from the positive effect published with o
UK: Aberdeen Bay Wind Farm Plans Altered
The planed project in the Aberdeen Bay could give a blow to Trump’s anti-wind intentions due to the fact that the development companies have announced great interest of manufacturers in the project, reports Business Green news portal. Namely, Vattenfall, Aberdeen Renewable Energy Group (AREG) and Te
UK: EOWDC Attracts Major Interest from Global Turbine Suppliers
Significant global interest from wind turbine manufacturers to deploy at a cutting edge offshore wind demonstration centre, off Aberdeen, was confirmed today with the scheme’s backers announcing that they had signed working agreements with six potential suppliers. As a result of these Memoranda of U
Germany: Demag Cranes Publishes Interim Management Statement
Demag Cranes has published its Interim Management Statement in the second half-year of 2011/2012. Compared to the previous year’s period, the Group was able to increase its key reporting indicators: Group order intake, Group revenue and operating EBIT. Group revenue grows 7.7% year on year The Demag
UK: Deputy Prime Minister Announces GBP 100 Million Green Investment Fund
A new £100 million fund for green investment was announced yesterday by Deputy Prime Minister Nick Clegg. Speaking at the Global Business Summit on Energy the Deputy Prime Minister revealed that the UK Green Investments (UKGI) team, based in the Department for Business, Innovation and Skills, will p
UK: HR Wallingford Expands Power Sector Team
HR Wallingford has appointed Samantha Dawson as business manager to work across a portfolio of power sector projects. From 1 August 2012 Samantha will be working with Mark Liddiard, power sector business manager, to support existing projects and to grow new opportunities in the thermal, nuclear and