Business & Finance
Samsung Might Increase Its Presence in Scotland
Korean engineering giant, Samsung Heavy Industries (SHI) after deciding to base its first offshore wind project at Methil in Fife, might increase its presence in Europe if it decides to open a research and development centre in Glasgow, The Herald Scotland informed. Namely, SHI confirmed to Nick Cle
China: Ming Yang Profit Down 8,7 pct
China Ming Yang Wind Power Group Limited (“Ming Yang” or the “Company”), a leading wind turbine manufacturer in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2011. Fourth Quarter 2011 Financial Highlights: Total wind turbine generators
UK: Marubeni Completes Financing for Gunfleet Sands Offshore Wind Farm
On November 1st, 2011 Marubeni Corporation acquired a 49.9% stake in DONG Energy’s 172MW Gunfleet Sands offshore wind farm, with arrangements for the project financing of Marubeni’s equity portion being initiated. Marubeni announce that on March 30, the project financing, utilizing Overseas Untied L
Japan: Fuji Heavy Assigns Wind Turbine Generator System Business to Hitachi
Hitachi Ltd. and Fuji Heavy Industries, Ltd. have reached a basic agreement on the assignment of FHI’s wind turbine generator system business to Hitachi. Towards the completion of assignment, which is planned for July 1, 2012, Hitachi and FHI will discuss the specific terms of the future agreement.
Denmark: Nordic Capital Acquires Bladt Industries
Nordic Capital Fund VII (“Nordic Capital”) today announced the acquisition of Bladt Industries A/S (“Bladt” or “the Company”) from Maj Invest Equity, Industri Udvikling and Bladt management. Bladt, headquartered in Aalborg, Denmark, is an international steel contractor specializing in large-scale an
UK: Development of EU Ocean Energy in Need of Greater Investment
Despite of the fast development of EU wave and tidal power technology due to the shortage of governmental financial support and that of big investors, considerable time will have to pass before this sector becomes a reliable source of energy, Eur Activ informs. According to renewables manager at UK
U.S. Army to Invest USD 7 Billion in Renewable Energy
The U.S. Army reported on March 19 that it will partner with industry to invest up to $7 billion over the next 10 years in renewable energy sources, including wind, solar, biomass, and geothermal energy. The military department has released a draft request for proposal (RFP) that could allow multipl
Scotland: Pelamis Wave Energy Device Inovator Honoured for Key Role in Marine Energy
Dr Richard Yemm, inventor of the Pelamis wave energy device has been honoured for his outstanding contribution to the development of the marine renewables sector. The iconic red ‘sea-snake’ wave energy converter has gained international recognition since Dr Yemm founded Pelamis Wave Power in Edinbur
UK: NEXI Supports Gunfleet Sands Offshore Wind Farm Financing
Nippon Export and Investment Insurance (NEXI; Chairman: Takashi Suzuki) has decided to provide Overseas Untied Loan Insurance for Offshore Wind Power Projects in UK participated by Marubeni Corporation (“MC”) of Japan. The MC’s subsidiary, MC GFS Investment Company Limited, has been extended non-rec
DHI Takes Part in Danish Wind Energy Event
The European Wind Energy Association, with over 700 members from over 60 countries, is the World’s largest and most powerful wind energy network. DHI will be a part of it for the 10th consecutive year and invites clients, partners and all other interested parties to meet with the DHI representatives
USA: Water Power Program Offers Funding to Wave Energy Devices
On Tuesday, March 20, the U.S. Department of Energy (DOE) Water Power Program notified potential future applicants of an upcoming Funding Opportunity Announcement tentatively titled, “In-Water Wave Energy Conversion (WEC) Device Testing Support.” DOE intends to fund one industry-led project that wil
AXYS Appoints Fabricom as Exclusive Agent in Belgium
AXYS Technologies Inc. (AXYS) announced that it has signed Fabricom (part of the GDF Suez operation) as its exclusive agent for Marine product sales in Belgium. The agreement covers the broad range of Marine products, including TRIAXYS, WatchMate, WatchKeeper, and 3 Metre buoys, along with Port and
Germany: PNE WIND Still Owns Gode Wind II
The wind farm project developer, PNE WIND AG, continues to hold all of the shares in the “Gode Wind II” offshore wind farm project. The sale of the project company agreed on 29th December 2011 did not become effective because HYSSING Vermögensverwaltungsgesellschaft mbH, held by the Danish company,
Denmark to Boost Offshore Wind Energy
Danish governing and opposition parties have agreed to boost offshore wind energy in the country, Reuters reports. According to the government officials, a deal has been made between the centre-left government, an allied leftist party and all opposition parties except one. Minister for Climate, Ener