Business & Finance
TenneT Faces Cash Shortage (Germany)
German based electricity grid operator Tennet warns government that they can’t keep up with the pace of offshore wind grid development. They said that construction of further cables at this rate is not doable due to lack of cash and skilled staff at Tennet and at their suppliers Tennet has nine grid
MT Højgaard and Seatower Team Up (Denmark)
MT Højgaard, the company who have deployed most offshore wind foundations globally, have teamed up with foundation specialists Seatower to offer “cranefree” gravity foundations. The new foundations have been developed specifically for the deeper waters and bigger turbines that will soon become preva
Gamesa to Make Decision on Multi-million Pound Factory (UK)
BOSSES at a Spanish offshore firm are poised to make an announcement over a multi-million pound factory which could bring 1,000 jobs to Hartlepool. Madrid-based Gamesa will choose either Hartlepool or Dundee to build a UK base to construct wind turbines, and with all other contenders ruled out it is
RWE Innogy and CEE Seal Agreement on Long-term Venture Capital Co-operation (Germany)
Essen-based RWE Innogy and Conetwork Erneuerbare Energien (CEE), of Hamburg, a company in which Bankhaus Lampe has a participating interest, today sealed their agreement on long-term venture capital co-operation. CEE has taken a EUR 25 million stake in Innogy Renewables Technology Fund I (IRTF I), a
Pelamis Wave Power Looking for Strategic Partner (UK)
RENEWABLES firm Pelamis Wave Power is searching for a “strategic partner” that will allow it to become a large-scale manufacturer of marine energy devices. The Leith-based company, known for its “sea snake” technology, announced in September that it had hired Ernst & Young to conduct a review of the
Centrica Announces New Member of Board and Remuneration Committee (UK)
Centrica plc (“Centrica”) announced that Dame Helen Alexander, a Non-Executive Director of Centrica and Chairman of Centrica’s Remuneration Committee, will step down from the Board of Centrica with effect from 31 December 2011. Dame Helen joined the Board in January 2003. Lesley Knox will replace Da
Centrica’s Offshore Wind Project Remains on Track to Generate First Power in 2012 (UK)
As a result of the unusually warm weather experienced in the UK in recent months, and the corresponding impact on consumption, it is currently anticipated that Centrica’s 2011 earnings may be marginally lower than current market expectations, with the reduction in operating profits offset in part by
Renewable Energy Risk Analysis Company Shows Strong Growth (USA)
3TIER®, a global leader in renewable energy risk analysis, announced it has been recognized by three organizations for continued, strong growth. For the fourth consecutive year, 3TIER was included in the Puget Sound Business Journal’s list of 100 Fastest-Growing Private Companies in Washington State
Germany, UK, Spain and France Top Wind Power Investors Till 2020
Germany, the UK, Spain and France will install the most wind power capacity between 2011 and 2020 in Europe, new statistics show. Up until 2011, 15% of new capacity will be installed in Germany, 14% in the UK, 13% in Spain and 12% in France. These statistics, contained in the European Wind Energy As
Hochtief Reports 3Q Net Profit of EUR 98.7 Million (Germany)
HOCHTIEF’s operating business performed as planned in the third quarter of 2011: The Group is in the black, with profit before taxes of EUR 333.0 million and consolidated net profit of EUR 98.7 million. That means HOCHTIEF achieved turnaround in the operating business, although it has not yet fully
The Netherlands: Offshore Wind Industry Meets at EWEA OFFSHORE 2011 to Discuss Growth
As Europe faces the danger of recession, one industry is planning massive growth. The European offshore wind industry is set to more than triple its annual investments over the next decade – creating jobs, manufacturing and construction opportunities in many countries. At the end of the month, the w
Hochtief Looks for Investment Partner to Develop Offshore Wind Farms (Germany)
Hochtief AG (HOT), Germany’s largest builder, plans to set up a joint venture with an investment partner to develop offshore wind farms. By Stefan Nicola (bloomberg) [mappress] Source: bloomberg, November 16, 2011; Image: hochtief
Investment in Renewables may Double to USD 395 Billion a Year by 2020 (UK)
Investment in renewable power generation may double to $395 billion a year by 2020, led by growth in offshore wind and solar energy projects… (bloomberg) [mappress] Source: bloomberg, November 16, 2011
Rare Earth Elements Supply Under Pressure Due to Asia Wind Farm Projects
China and South Korea’s planned investment in offshore wind farms, amounting close to $25 billion in the near future, could also affect on rare earths production… By Christine Gaylican (ibtimes) [mappress] Source: ibtimes, November 16, 2011