Business & Finance
JACCAR Holdings Acquires More Than 25 pct of BOURBON (France)
BOURBON was informed on 20th January that JACCAR Holdings SA had acquired 945 000 additional shares in BOURBON. The participation of JACCAR Holdings SA in BOURBON thus passes from 24.6% to 26.04% of the capital and 25.7% to 27.12% of the voting rights. Commenting on its rising above the 25% threshol
EEEGR CEO to Step Down (UK)
John Best, the founder and face of EEEGR (the East of England Energy Group), is to stand down as chief executive after 11 years to take on a new job. He will move to an executive management position as Head of Sustainable Energy,UKwith Norfolk-based Fendercare Marine. EEEGR chairman Alan Barlow said
Red Penguin Associates Bags Wave Hub Contract (UK)
Wave Hub Limited has awarded a contract for the marine operational management and electrical engineering services in order to ensure a safe and efficient facility, Wave Hub. Red Penguin Associates Limited was chosen for this contract on January 11, 2012, thus it is most likely that the company will
Resolute Marine Energy Demonstrates its Technology (USA)
A local startup company that is attempting to turn the power of waves into energy is considering launching its first pilot project this summer in Nantucket. By Dyke Hendrickson (newburyportnews) [mappress] Offshore WIND staff, January 19, 2012
RWE Raises GBP 600 Million for Offshore Wind Expansion (Germany)
RWE is taking advantage of the favourable conditions for German companies on the international capital market by issuing a GBP bond with a volume of 600 million GBP and a term of 22 years. The maturity date is 31 January 2034. Placed via RWE Finance B.V., the bond was significantly oversubscribed. T
A2SEA Acquires Two Thirds of CT Offshore’s Shares (Denmark)
In July 2011 A2SEA acquired a 29% share interest in the Danish cable installation company CT Offshore. A2SEA has now decided to increase their shareholding in the company to 67%. The remaining 33% of the shares are still owned by CT Offshore’s founder and CEO, Paw Cortes. The company will stay at it
Rosler Advocates Fast Offshore Wind Grid Connection (Germany)
German ministries of environment and economy helped set up a group, which will also include regulators and industry officials, to discuss and resolve the issues delaying the offshore wind expansion. Economy Minister Philip Roesler said: “The expansion of offshore wind energy is the key component to
Offshore Wind Power Enjoys Energetic Public Support in Maryland (USA)
If measured by the turnout at the rally at the Annapolis state house on Wednesday, of all the issues confronting the Maryland General… By Keith Harrington (huffingtonpost) [mappress] Source: huffingtonpost, January 13, 2012
SEP and SSE Raise GBP 95 Million for Green Energy Investments (UK)
Scottish Equity Partners (SEP) has raised a new £95 million fund to invest in innovative green energy businesses in a deal involving the acquisition of a portfolio of clean energy assets from SSE Ventures, the investment arm of FTSE 100 utilities company SSE plc. SEP raised the new secondaries fund
NSP Likely to Submerge Tidal Turbine in Early 2013 (Canada)
Nova Scotia Power may have a tidal turbine back in the water this year but it’s more likely to be early 2013, says the CEO of parent company Emera. By Joann Alberstat (thechronicleherald) [mappress] Source: thechronicleherald, January 12, 2012; Image: openhydro
Mercom Capital Group Releases Report for 2011 (USA)
Mercom Capital Group, llc, a global clean energy communications and consulting firm, yesterday released its annual and fourth quarter funding and merger & acquisition (M&A) activity report for the wind sector in 2011. In 2011, venture capital (VC) funding for wind energy continued to increase past p
Ambitious Plans for European Offshore Wind Industry
The new era is coming for offshore wind in Europe. Investments in this industry are going to double in next ten years. It is the fastest rising industry at the moment. In 2010, approximately USD 82 billion investments in wind industry were recorded. There is a plan to reach USD 140 billion by 2020 a
REpower Acquires PowerBlades from SGL Rotec (Germany)
Effective from December 31, 2011, REpower Systems SE has acquired by purchase the remaining 49% stake in PowerBlades GmbH from SGL Rotec GmbH & Co. KG, a majority company of SGL Group. PowerBlades, headquartered in Bremerhaven, was founded in 2007 as a joint venture for the production of rotor blade
NOF Energy Plans GBP 7bn Boost for North-east Economy in 2012 (UK)
A £7bn energy giant is set to make a massive contribution to the North-east economy this year… by Jez Davison (nebusiness) [mappress] Source: nebusiness, January 06, 2012