Business & Finance
Germany to Take Second Chance in New Grid Operator
As Frankfurter Allgemeine Zeitung reported, the German government might acquire stake in a new grid operator, planned to bring offshore wind power to shore. The government could realize its plans through KfW Group state development bank. This news comes after grid operator TenneT announced delay in
PGE Wins Three Offshore Wind Permits in Poland
As it was announced earlier this month, the Polish government has awarded PGE SA three permits to build offshore wind farms, according to Bloomberg. These will be the first of their kind in Poland. The government has awarded five permits with a total capacity of 4,500 MW. Ministry of Transport, Cons
Denmark: European Wind Energy Market Grows Despite Ongoing Financial Crisis
Despite the ongoing financial crisis, emerging wind energy markets in Europe are expected to significantly increase installed wind power capacity by 2020, a panel session at the EWEA 2012 Annual Event in Copenhagen heard on Thursday. Peter Brun, of Vestas, told people attending the session — Emergin
USA: UMD Graduates to Raise Up to USD 2.0 Million for Wave Energy Business Startup
On Wednesday, business plans for wave energy were presented by UMD (University of Massachusetts Dartmouth) graduate students Jonathan Christie and Linnhardt Hilfer. For development of their business, they plan to raise up to USD 2.0 million, according to Brian Boyd from SouthCoastToday. At UMass Dar
Crawford Gillies Re-Appointed as Chair of Scottish Enterprise
The Cabinet Secretary for Finance, Employment and Sustainable Growth, John Swinney, today announced the re-appointment of Crawford Gillies as Chair of Scottish Enterprise. Scottish Enterprise is the Scottish Government’s main agency for economic development in North East, Central and Lowland Scotlan
Enova and METCentre to Boost Marine Energy Production in Norway
Enova and METCentre have signed a collaborative agreement whose purpose is to facilitate an increase in technological development within marine energy production in Norway. – We wish to facilitate the implementation of full scale testing of new technology in Norway, both for Norwegian and foreign te
Belgium: Colruyt Seeks Co-Investors for Offshore Wind Projects
Colruyt Group is seeking co-investors for several offshore wind projects. The company aims to reduce financial burdens of the investments, reported De Standaard. Colruyt currently owns two offshore wind farms, Belwind and Northwind. Northwind NV, formerly known as the Eldepasco, requires 760 million
Germany: Nordex Cancels Plans to Transfer Offshore Activities to Joint Venture
The Nordex group has terminated plans to transfer its entire offshore activities to a joint venture. Nordex was not able to agree with the negotiating partner on a concept for the continuation of the activities in a joint venture. Nordex disclosed its intention to seek an industrial partner for this
Denmark: Offshore Wind Farms Need Alternative Capital Sources
The continuing economic crisis has created a need for alternative sources of capital for the renewable energy sector, people attending a panel session at the EWEA 2012 Annual Event in Copenhagen heard on Wednesday. Torben Pedersen, of PensionDanmark, also said there are considerable pressures on pub
The Netherlands: IHC Merwede’s Revenue Increases to EUR 1.5 Billion
In the past year, IHC Merwede’s revenue has increased by four per cent to reach € 1.05 billion. The company’s net profit has also increased to € 103 million with a solvency ratio of 40%, demonstrating that IHC Merwede is in strong financial health and able to implement its growth strategy. With sale
Germany: TenneT Revenue Reaches EUR 1.5 Billion in 2011
Electricity transmission operator TenneT has maintained a high security of supply in 2011, while transmission rates remained at a low level. TenneT also contributed to making the energy supply in north-west Europe more sustainable. Major investments have gone into strengthening and expanding the gri
UK: STL Wins Government Grant to Develop Offshore Personnel-Access System
STL Research announce that they have recently been awarded Government funding to accelerate their project to develop an offshore personnel-access system. Code-named Neptune, the system will space-stabilise its personnel carrier regardless of the motion of the ship on which it is mounted so that pers
USA: Mercom Announces Report on Funding and M&A Activity for Wind Energy Sector
Mercom Capital Group, llc, a global clean energy communications and consulting firm, today released its report on funding and merger and acquisition (M&A) activity for the wind energy sector for the first quarter of 2012. Venture capital (VC) funding in the first quarter came in strong with $240 mil
Denmark: GL Garrad Hassan at EWEA 2012
The constant drive to innovate has taken the wind industry from its humble beginnings to its current prominence as the state of the art in energy generation. For the industry to continue to develop and lead the globe to a new era of sustainable energy, innovation must be ongoing, global, and part of