Business & Finance
Finland: Wello Starts Series B Funding
Finnish renewable technology developer, Wello Ltd, has announced it has started Series B funding. Power Fund II (managed by VNT Management) and Finnvera Venture Capital have agreed on 3 Million euros funding package as part of the Series B funding. Discussions with additional investors to close furt
The Netherlands: Fugro Expects 8.8 pct HY1 Net Profit Growth
The year 2012 started with improved performance compared to the same period in 2011. The oil price remained on average around USD 120 per barrel (Brent). The sustained high levels of exploration and production spending by the oil and gas industry result in continued improvement of Fugro’s related ac
UK: EBRD to Fund EUR 25 Billion Worth Sustainable Energy Projects
The EBRD is boosting its efforts to improve energy efficiency and deal with the threat of climate change with new investment in projects worth up to €25 billion over the next three years. The next phase of the Bank’s successful Sustainable Energy Initiative (SEI) aims to deliver an annual cut in car
USA: Pacific Power Set to Fund Local Renewable Energy Projects
On March 15, Pacific Power began accepting applications for the Blue Sky program, which refers to community renewable energy projects that need funding. Deadline for submitting applications is June 15. The eligible projects must be locally owned and within Pacific Power’s service area. They also mus
China: Xie Changjun Meets Asia Pacific CEO of SIEMENS
On May 14, President of China Longyuan Power Xie Changjun met Asia Pacific CEO of SIEMENS Wind Power Company Kay Weber, party committee secretary of Shanghai Electric Wind-power Equipment Co., Ltd. Fan Xiaohong and his colleagues. Xie Changjun first showed welcome to Mr. Weber and his colleagues and
UK: Humber Stimulates Local Businesses to Use Its Opportunities
The latest Renewing the Humber conference offered insights to companies in the area, which are searching to identify the Humber opportunities, This is Grimsby news portal reported. Grimsby is already serving the growing needs of the O&M part, with manufacturing, assembly and installation logistics c
RenewableUK Higlights Growth in Renewable Energy Supply Chain
RenewableUK, the trade and professional body for the wind, wave & tidal industry, is today highlighting the string of recent announcements of growth in the renewable energy supply chain in the run-up to the world’s first global offshore wind conference. These announcements include: The granting of p
UK: SSE Announces Full Year Results
SSE announced its full year results for the year to 31 March 2012. Its renewable energy output came to a 3,206 GWh last year. It said that the progress at Greater Gabbard and Walney raised its net offshore wind capacity to 187MW. Lord Smith of Kelvin, Chairman of SSE said: “SSE has again delivered i
Germany: Operators to Charge Customers for Offshore Losses
A draft made by the German Government indicates that it will allow the offshore wind-power operators to compensate some of their losses by charging their customers, the Frankfurter Allgemeine Zeitung reports. The mentioned losses refer to the ones regarded to the problems of transferring electricity
UK: Trident to Take Part in All-Energy
Trident Energy will be exhibiting on Stand B62 at All-Energy, the UK’s largest Renewable Energy event taking place in Aberdeen on Wednesday 23rd and Thursday 24th May, 2012. The company is an independent developer of enabling technology for the offshore renewable energy industry. Its stand will feat
Germany: Change in Solar FIT Could Threaten Offshore Wind
The Upper House of the German Federal Parliament, the Bundesrat, voted against reform of the feed-in tariff (FIT) for solar energy, according to the North American Windpower. The opposition didn’t get enough votes to reject the law, but the number was enough to postpone its adoption. The research fi
UK: Three Companies Join Forces for Offshore Wind Industry
Tideland Signal, Dabbrook Services and Tranberg Systems of Denmark have joined forces to present a comprehensive service for specifying, supply and installation of navigation warning systems and all other low-voltage equipment on offshore wind farms on stand 321 at Global Offshore Wind, ExCel London
Germany: Nordex Increases Sales by 8.3 pct to EUR 198.3 Million
The Nordex Group posted an 8.3 percent increase in sales to EUR 198.3 million in the first quarter of 2012 (previous year: EUR 183.1 million). As expected, business volume thus accounted for just under 20% of the forecast full-year sales. This cyclical effect is typical of the wind power industry. S
UK: Jee Hires New Principal Cables Engineer
Engineer Alan Jordan has joined Jee as a Principal Cables Engineer. Alan has 38 years experience working with subsea cables, ranging from managing trans-oceanic submarine telecommunications network projects to cable product design and manufacture, installation processes and marine maintenance. In hi