Business & Finance
Polish Businessman Applies for Offshore Wind Farm Construction
Polish businessman Jan Kulczyk has applied for the permission to construct an offshore wind farm in the Baltic Sea, writes thenews.pl news portal. Kulczyk’s energy company, Polenergia, is keeping silent about the four offshore wind projects it has. However, chairman of Polenergia, Dariusz Mioduski,
UK: Navitus Bay Opponents Welcome Government Subsidy Reduction
Following the announcement made by the Chancellor George Osborne on cutting the government subsidies for onshore wind farms for 25 percent, opponents of the Navitus Bay project welcomed it with a great expectation on extending this move to offshore plans. Dorset MPs, including Chris Chope and Richar
GBP 425 Million Lincs Offshore Wind Farm Secures Funds
Lincs Wind Farm Limited, a joint venture between Centrica plc, DONG Energy and Siemens Project Ventures GmbH, has finalised agreements to provide non-recourse project finance facilities for the 270MW Lincs offshore wind farm. The facilities, totalling £425 million, will be provided by a consortium o
The Netherlands: IHC Merwede Establishes Tidal Energy Company
On 30 May 2012, IHC Merwede signed an agreement to acquire Wave Rotor technology from Ecofys, which is renowned for its expertise in sustainable energy solutions. The official signing was made by Willem Steenge, Managing Director of IHC Tidal Energy, and Manon Janssen, Managing Director of Ecofys. W
UAE: Masdar CEO Receives United Nations’ Champions of the Earth Award
Dr Sultan Ahmed Al Jaber, Chief Executive Officer of Masdar, Abu Dhabi’s multi-faceted renewable energy company, has received this year’s United Nations’ Champions of the Earth award. Organized by United Nations Environment Programme (UNEP), the award seeks to honour individuals whose actions and le
Scotland Attracts GBP 1.7 Billion Investment in Renewables
During 2011-12 period Scotland attracted the second highest level of renewable investment in the UK, worth a total of GBP 1.7 billion, creating 4,411 jobs, says the Scotsman. The DECC’s announced results, which followed the publication of the Government’s draft energy bill, say that only Yorkshire m
Germany: Windreich 6.5 pct Small Business Bond 11/16 Fully Allocated
The 6.5%-Bond issue 2011/2016 of Windreich AG, dealt at the Small Business Sector – the quality segment of the Stuttgart Stock Exchange is fully allocated. “We have utilized a good value performance in the last few days to issue an additional 5 million Euros,” Mr. Willi Balz, the Chairman of the Win
UK: Korean Company Could Join Siemens in Green Port Hull Revolution
CS Wind Corporation from Seoul could join Siemens in the Green Port Hull revolution, taking into account that the South Korean company’s senior executives have held a number of talks with Hull City Council and Associated British Ports in the past few months. CS Wind is a wind tower manufacturer whic
China: Ming Yang Announces Q1 Financial Results
China Ming Yang Wind Power Group Limited (Ming Yang), a leading wind turbine manufacturer in China, announces its unaudited financial results for the first quarter ended March 31, 2012. First Quarter 2012 Financial Highlights: Total wind turbine generators (“WTGs”) for which revenue was recognized a
Taiwan Companies Set to Grab Offshore Wind Opportunities
Taiwanese companies from various industries are set to search for profit in renewables market, after the government’s decision to fund construction of 600 large offshore wind turbines. Around 50 local companies formed the Taiwan Wind Turbine Industry Association (TWTIA) this April, with the purpose
BLG Reports Good Financial Results for 2011
BLG is 135 years old. “When you have managed to mold the experience and performance of 135 years into a successful concept for the future, you’re on the right path,” stated BLG’s CEO Detthold Aden at the Annual Shareholder’s Meeting in Bremen on May 31. The present-day BLG LOGISTICS GROUP AG & Co. K
Australia: Strategic Marine to Service European Offshore Wind Market with Testbank Ship Repair
Western Australian ship builder Strategic Marine has signed a Sales & Service Agency agreement with UK-based marine and repair company Testbank Ship Repair Ltd. This is the first in a number of Sales & Service Agents which Strategic Marine announced it was developing in February 2012. This partnersh
Chinese Offshore Wind Stagnates
Delays in the first offshore concession projectsin China are most likely to cause postponing of the second bidding round, which was supposed to begin in the first half of this year. The China Daily news portal writes that the second group of concession projects involves building of up to 2 GW of off
Denmark: LM Wind Power CEO Leaves Company
LM Wind Power, the world’s leading wind turbine blade manufacturer, supplier of components and services to the wind industry announced that CEO Roland Sundén is leaving after six years with the company. His successor will be the subject of a future announcement. The senior management team remains co