Business & Finance
UK: East Anglia Urged to Seize Government Push for Wave and Tidal Energy
The UK Government announced allocation of £20m to engineering and environmental companies for projects aimed at development of tidal and wind energy, EDP 24 published. Apart from mere production of power, these include projects targeted at design and manufacture of indispensable technology in additi
Bilfinger Berger to Produce Offshore Wind Foundations with Polish Partners
Bilfinger Berger, together with Polish partners, have established a joint venture for the production of steel foundations for offshore wind turbines. The Group, together with steel construction specialists Crist and the state-owned investment fund MARS, will manufacture steel structures that will be
AMSC Seeks USD 1.2 Billion from Sinovel at China’s Supreme People’s Court
AMSC, a global solutions provider serving wind and grid leaders, today announced it has filed an appeal with China’s Supreme People’s Court. AMSC’s appeal relates to the Hainan Higher Court’s decision on April 5, 2012 to uphold the Hainan Province No. 1 Intermediate People’s Court’s dismissal of AMS
Germany: Nordex Order Intake Increased by 84 pct in Q1
The new Chief Executive Officer of Nordex SE, Dr. Jürgen Zeschky, presents the group accounts for the first time today. In addition, Zeschky underscores that the Management Board, acting with the approval of the Supervisory Board, has decided to continue on the path of strategic reorientation alread
Canada: Ontario Faces USD 1 Billion Offshore Wind Lawsuit
The Liberal Government of Ontario is yet again exposed to the public eye, since a second lawsuit has been filed against it and this time by the SouthPoint Wind Company, which is claiming $1-billion worth damages, the Canadian Press informs. Namely, in February 2011 the Government of Ontario imposed
Germany: PNE Wind Ends 2011 with Stable Results
The wind farm project developer, PNE WIND AG confirms its EBIT forecast and again proposes a dividend payment amounting to EUR 0.04 per share. In the previous financial year, the company recorded a positive result at corporate level (EBIT) amounting to EUR 0.1 million (prior year: EUR 9.5 million).
USA: Eight Firms Plan to Develop Wind Farms Offshore Virginia
As reported by the Associated Press, the potential of the project, aimed at developing wind turbines in the U.S., situated off the Virginia cost and encompassing circa 113,000 acres in the Atlantic Ocean, has been recognized by numerous investors including European ones. The federal Bureau of Ocean
UL to Acquire German DEWI
UL, a world leader in advancing safety, has entered into a definitive agreement to acquire DEWI GmbH, a world leader in wind energy measurement and testing services, from the German state of Lower Saxony. Additionally, UL has agreed to acquire a 50.8 percent stake in DEWI GmbH, an accredited DAP (Ge
USA: NStar to Purchase Power from Cape Wind
According to the Associated Press, the largest Massachusetts-based, investor-owned electric and gas utility, NStar decided to purchase power from Cape Wind offshore wind farm. The contract is worth $1.6 billion and is intended for15- years- long period. This is $940 million more that the market pric
US Navy Seeks Green Energy in Kaneohe Bay
The Navy’s energy future was the focus of a two-day NAVFAC Conference and Industry Day held March 26-28 at the Koa Malina Officers Club, Marine Corps Base Hawaii (MCBH), Kaneohe Bay. The Navy, in partnership with the U.S. Department of Energy, will select three ocean energy power developers to occup
Germany: Nordex to Focus on Onshore Wind Sector
The new Chief Executive Officer of Nordex SE, Dr. Jürgen Zeschky, presents the group accounts for the first time. In addition, Zeschky underscores that the Management Board, acting with the approval of the Supervisory Board, has decided to continue on the path of strategic reorientation already anno
UK: More Companies Join Grimsby Renewables Partnership
According to Grimsby Telegraph, Grimsby Renewables Partnership announced close cooperation with a group of various town companies, interested in taking part in maintenance of turbines in the North Sea, £1.6 billion worth project and numerous other projects related to renewable energy. The firms agre
USA: Cape Wind to Lower Regional Electricity Prices by USD 7.2 Billion
Cape Wind will reduce wholesale electric prices for the New England region by $7.2 billion over 25 years, according to a new report published by Charles River Associates, a leading economic consulting firm. The report shows that ISO New England, the electric grid operator, first dispatches electric
USA: Cape Wind President Comments NSTAR / Cape Wind Power Purchase Agreement
Following the NSTAR / Cape Wind long term Power Purchase Agreement with the Massachusetts Department of Public Utilities, the Cape Wind President Jim Gordon released the stetement : “Today’s filing of the Cape Wind/Nstar Power Purchase Agreement is about moving forward to deliver energy, environment