Business & Finance
GL Renewables Certification Appoints New Vice President Project Management & Sales (Germany)
GL Renewables Certification appointed Rüdiger Urhahn as Vice President Project Management & Sales, with responsibility for worldwide customer management in the area of certification services, in January 2012. In addition to sales duties, Mr Urhahn has been given the task of overseeing all customer p
Vestas CFO, Henrik Nørremark Resigns (Denmark)
The Board of Directors of Vestas Wind Systems A/S has received a thorough briefing on the conditions which during the last months have led to profit warnings. The company issued its second profit warning in January, saying that cost overruns and delayed revenues had wiped out 2011 profits. As a cons
Nexans’s Net Sales for 2011 Reach 6.920 Billion (Germany)
The Nexans Board of Directors meeting on February 7, 2012, chaired by Frédéric Vincent, approved the Financial Statements for 2011. Net sales for 2011 totaled 6.920 billion euros compared with 6.179 billion euros in 2010. At constant non-ferrous metal prices 1) , the figure is 4.594 billion euros co
2011: Tough Year for Vestas with Two Profit Warnings (Denmark)
2011 was a very challenging year for the wind industry. The same applies to Vestas which had to issue two profit warnings and abandon its Triple15 targets. In 2011, Vestas recorded revenue of EUR 5.8bn and an EBIT margin before special items of (0.7) per cent, slightly below the preliminary financia
TAG Energy Solutions CEO Urges Davey to Commit to Offshore Wind Power (UK)
TAG Energy Solutions CEO and Energi Coast Chairman Alex Dawson has urged the new Secretary of State for Energy & Climate Change to maintain the Government’s commitment to offshore wind power. Immediately following the resignation of Chris Huhne and subsequent appointment of Ed Davey as the new Energ
Germany Designs Financial Plan for Renewable Energy
Germany recently passed the 20 percent mark for renewable energy in the electricity mix. And the federal KfW bank group has introduced a new plan to further accelerate this shift to renewables, with increases in multimillion euro business loans now available. As more renewable energy is generated, e
Braj Binani Acquires 3B (Belgium)
Binani Industries Limited, the holding company of USD 1.6 billion Braj Binani Group, today announced the acquisition of 3B – The Fibreglass Company (‘3B’), a Europe-based major in fibreglass products and technologies. Binani Industries Limited is one of India’s leading global diversified business ho
SSE Remains on Course to Deliver Key Operational Goals (UK)
SSE plc remains on course to deliver an increase in the dividend per share, an increase in adjusted profit before tax for the financial year to 31 March 2012 and to deliver on its key operational goals. This Interim Management Statement includes updates on operations, major projects, issues such as
Q10 Offshore Wind Project Obtains Subsidy from Dutch Authorities
The Q10 project has obtained a subsidy from the Dutch authorities under the provision that innovative elements will be included in the wind farm such as for example the installation and testing of one, two, or three innovative Wind Turbine Generators (WTG’s). WTG of minimum 4 MW will need to be: 1.
Keppel Corporation Announces Another Record Year (Singapore)
Keppel Corporation announces another record year. Their net profit grew by 14% to a new high of nearly $1.5 billion. This is the fifth year running that their net profit has surpassed the $1 billion mark. Also for the fifth consecutive year, their Return on Equity has remained above 20%. Economic Va
2012 Market Energizing Prospect Offshore Vessels
Rising demand for considerably complex and highly-developed deepwater field undertakings results in greater, more advanced and technically brilliant offshore support vessels. These technological marvels play a vital role in the offshore industry construction, supply and maintenance thus a significan
Obama Urges Congress to Pass Clean Energy Tax Credit (USA)
President Barack Obama’s State of the Union address included some language that made wind power advocates happy. by Aaron Nathans (delawareonline) [mappress] Source: delawareonline, January 26, 2012
RWE Innogy Announces Changes to its Executive Board (Germany)
At its meeting on 24 January 2012 the Executive Board of RWE AG appointed Hans Friedrich Bünting to succeed Fritz Vahrenholt as CEO of RWE Innogy GmbH as of 1 July 2012. Hans joined the RWE Group in 1995 and held various management positions in RWE Energie AG, RWE Trading GmbH and RWE AG before [&he
Masdar Evaluates Prospect of its Entry into German Offshore Wind Market
Abu Dhabi based Masdar is assessing the prospect of its entry into the German offshore wind farm market. In 2008, the company bought 20% of UK’s London Array offshore wind farm. “We have been conducting many negotiations in German offshore wind market,” said Frank Wouters, head of the energy divisio