The Group reported a profit after tax of NOK 254 million in the third quarter of 2011 compared to NOK 344 million in the same period of 2010. The Group’s profit after tax for the first three quarters of 2011 was NOK 774 million. The corresponding figure for 2010 was NOK 1 630 million. The […]
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 second quarter ended June 30, 2011. Second Quarter 2011 Financial Highlights: Total wind turbine generators (“WTGs”) commissi
Formerly at Citigroup, Fidel Andueza will be responsible for identifying and developing business and commercial opportunities and will sit on the Management Committee. Fidel Andueza will join ACCIONA as Chief Global Business Development Officer as part of an effort to enhance the Group’s internation
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has reported growth in 2010/11 of more than 14.5% with turnover rising to £27.6 million from £24.1million. Pre-tax profits of just under £1million were recorded in the 12 months to the end of May, co
A Massachusetts law requiring utilities to purchase more electricity from renewable energy sources has helped make the state more… (Associated Press) [mappress] Source: Associated Press, November 10, 2011;
The Danish firm SSP Technologies Holding ApS, a portfolio company of Ventizz Capital Fund IV, LP (“Ventizz IV”), has ended a legal dispute with PNE Wind AG via an amicable settlement. The dispute, which began in 2009, was in relation to the acquisition of the Danish rotor blade specialist SSP in 200
Siemens ended fiscal 2011 with record operating results and begins the new fiscal year in a position of strength. Total sectors profit climbed by 36 percent to €9.1 billion, income from continuing operations by nearly two-thirds to €7 billion. Revenue and new orders also increased. While revenue fro
The European Investment Bank may raise the price of loans to renewable energy projects to bolster capital as demand for funds rises, the bank’s climate chief said. “You could say that this year’s projects have to pay a bit more for next year’s borrowers, but it all goes back into the business,” Chri
Earlier today, Vestas released a company announcement with the financial results for the third quarter of 2011. Today, Ditlev Engel, President and CEO, informed Vestas’ employees about the company’s future focus areas. In the short term, these focus areas will be marked by difficult market condition
The EU Commissioner for Climate Change emphasised the role of targets in boosting investments in renewable energy at an EWEA event last night. “It makes good business sense to invest in renewables yet people aren’t doing it”, said Commissioner Connie Hedegaard, pointing out that “this is one lesson
The European wind energy market is just starting to recover from the economic downturn in 2009. As demand stabilises, steady growth is forecast. At the same time, the market is poised for greater consolidation that will result in the emergence of fewer but stronger participants. New analysis from Fr
SSE plc has announced their half year results for the six months to September 2011. Lord Smith of Kelvin, Chairman of SSE, said: “There is no doubt that 2011 has been characterised by turmoil in the global energy markets, economic uncertainty across much of the world and widespread concern about the
Wind farm developer PNE WIND AG has sold all rights to the offshore wind farm project “Nautilus II” to SSP Technology Holding ApS. The offshore project is being planned in the North Sea and is still in the planning and approval phase. SSP Technology Holding ApS, a company of Ventizz Capital Funds IV
Trident Energy, the independent developer of generator solutions for the offshore renewable energy industry, announced that it has signed a collaboration agreement with RenewNet, a world-leading electrical engineering research organisation. Trident Energy has developed a low cost, high reliability l
