Business & Finance
Switzerland: ABB’s Q1 2012 Revenues Up
ABB reported higher orders and revenues in the first quarter of 2012, led by growth in North America. Operational EBITDA declined 7 percent compared to the same quarter a year earlier while net income was up 5 percent. Orders were 2 percent above the very high levels in the first quarter of 2011, dr
UK: MCT Presents SeaGen at Marine Industry Showcase
A model of MCT’s SeaGen tidal technology is one of a number of exhibits on display at the BIS Marine Industry showcase, which is taking place in London between 16th – 27th April. The Marine Industry Showcase is opportunity to highlight the industry sector’s contribution to the UK economy and the Gov
Germany: Nexans Reports Q1 Sales of EUR 1,752 Million
Nexans today announced 2012 first-quarter sales of 1,752 million euros, that is, 1,169 million euros at constant non-ferrous metal prices, reflecting an annual growth of +0.6% at constant exchange rates and comparable scope. As a reminder, the organic growth rate for the first quarter of 2011 was 13
Germany to Construct and Modernize 84 Power Generation Plants
German industry is planning to invest in construction and modernization of 84 large power generation plants. The capacity of planned and installed projects is 42,000 megawatts with the total investment volume of more than EUR 60 billion. Some 69 plants out of the 84 projects are undergoing permittin
UK: New South West-focused Marine Offshore Renewables Group Launched
The Marine Offshore Renewables (MOR) group was officially launched last week and is already attracting a lot of interest from the marine renewables sector here in Devon and Cornwall and nationwide. The launch event in Saltash saw speakers from Cornish marine renewables companies A&P Group, Mojo Mari
Energinet Commences Work on Two Danish Wind Farms
Yesterday, Energy Minister Martin Lidegaard asked the state-owned company Energinet.dk to start feasibility studies for two proposed wind farms, 400MW Horns Rev 3 and 600MW Kriegers Flak. The work includes studies of marine mammals, birds and how parks could affect navigation. Energinet.dk will also
Australia: Austal Expands Its Presence in Key Markets
Austal has taken further steps in implementing its strategy to regionalise its operations to better serve and grow its international client base. Following the acquisition of its Philippines shipyard last year, the company has now broadened its sales and support organisations in the key Europe, Asia
Denmark: Vestas Reaches Installed Wind Energy Global Capacity of 50GW
As the world’s energy mix is being reshaped, a significant milestone has been achieved: Vestas has reached an installed global capacity of 50GW of wind energy, a result of years of hard work with our customers and partners, and a significant milestone for the maturing wind industry. Fifty GW amounts
USA: MREC Wins Government Grant for Ocean Energy Technology Development
Massachusetts Clean Energy Center has awarded $535,000 grant to the University of Massachusetts Dartmouth’s New England Marine Renewable Energy Center, according to Cape Cod Times. The aim of this grant is to develop ocean energy technology offshore Massachusetts in a 27-square-mile technology test
Norway: Hammerfest Strøm Changes Its Name to ANDRITZ HYDRO Hammerfest
Earlier this year ANDRITZ HYDRO increased its shareholding in Hammerfest Strøm AS and became the majority shareholder in the Company. Other major shareholders are the Spanish utility company Iberdrola and the local Norwegian utility company Hammerfest Energi. The company will operate under the name
Scotland Publishes Offshore Renewables Investment Map
The Scottish Government’s commitment to renewable energy is already producing thousands of jobs across the country and will generate tens of thousands more, First Minister Alex Salmond said today as recent investment announcements in offshore wind, wave and tidal power were highlighted in a newly-pu
Germany: Innogy Venture Capital and High-Tech Gründerfonds Invest in Enercast
Innogy Venture Capital and High-Tech Gründerfonds are going to invest in a first round of financing up to EUR 2.25 million in the start-up company enercast GmbH. The young technology company provides electricity generation forecasts from wind and solar which lead to significant cost savings along th
Denmark: Dong to Sell Offshore Wind Farm Stakes
Dong Energy is planning to sell stakes in its offshore wind farms, as it plans to invest 10 billion kroner (USD 1.8 billion) a year in offshore wind, reports Bloomberg. Deputy Chief Executive Officer Morten Buchgreitz said: “You haven’t seen the last sale from Dong Energy of stakes in a wind farm.”
Japan: GL RC to Certify Kawasaki Heavy’s Tidal Energy Converter
Tidal energy is a vast resource man has yet to harness. As technology advances into this new, promising realm of renewable energy, GL Renewables Certification (GL RC) is contributing its expertise by certifying Kawasaki Heavy Industries’ (KHI) tidal energy converter prototype. The certification will