Business & Finance
London Array Awards Three-year Bursary (UK)
The London Array University Bursary for the academic year 2011/2012 has been awarded to Thomas Gray from Rodmarsham. Thomas attended Borden Grammar School in Sittingbourne and has taken up a place at Surrey University to study Electronic Engineering. Richard Rigg, London Array’s Project Director, sa
Elia Publishes Interim Statement Q3 2011 (Belgium)
As reported in the 2011 half-yearly results, Elia is unable to give any concrete profit forecasts since the annual result is dependent upon parameters that will either not be known until the end of 2011 (such as the inflation figure for December 2011) or else can only be calculated at that time (e.g
The Netherlands: IHC Merwede Sees Bright Future
A decision has been made to maintain the current shareholder structure at IHC Merwede. The IHC Merwede Supervisory Board – in addition to all of the current shareholders – is comfortable with the financial strength of the company for the next year. With the support of JP Morgan and Rabobank M&A, IHC
Russia Ready to Invest into German Power Plants
Taking advantage of the positive background of opening of gas pipeline Nord Stream and the statement of German Chancellor Angela… (abc) [mappress] Source: abc, November 15, 2011
Investment in Wind Power to Reach USD 820 Billion (USA)
Cumulative investment in new wind power capacity will cost a total $820 billion between 2011 and 2017 as wind… By Chika Amanze-Nwachuku (thisdaylive) [mappress] Source: thisdaylive, November 15, 2011
NKT Cables Announces Q3 Results (Germany)
NKT’s revenue development for 3rd quarter 2011 was in line with expectations. Earnings increased by 15%, positively influenced by satisfactory results for both Nilfisk-Advance and NKT Flexibles. For nkt cables, the factory in Cologne showed improved productivity but continued to impact earnings nega
PGE Looks at Acquisitions Outside Poland
PGE SA is looking at acquisitions outside Poland as the country’s largest power utility prepares to release a new strategy in December to… By Maciej Martewicz (bloomberg) [mappress] Source: bloomberg, November 14, 2011
Nordex Expects Profitable Growth in 2012 (Germany)
The Nordex Group achieved an increase of roughly 9 percent in sales to EUR 668.2 million in the first nine months of 2011 (previous year: EUR 614.2 million). At EUR 264.9 million, sales in the third quarter were on a par with the previous year. Growth in the first nine months was driven by the [&hel
Michigan Offshore Wind Project Faces Opposition (USA)
For five generations, Darryl Fowler’s family has worked 800 acres of Bethany Township land, coaxing corn and soybeans out of the ground. By Jim Lynch (detnews) [mappress] Source: detnews, November 14, 2011
Students Show their Interest in Subsea Sector at Robert Gordon University (UK)
Engineering students were given a slice of subsea action (Thursday, November 10) after Subsea UK held a pizza evening to highlight the… (oilvoice) [mappress] Source: oilvoice, November 14, 2011
Reef Subsea Acquires Rotech Subsea (UK)
Reef Subsea AS announced that they have acquired from Rotech Group 100% of their Rotech Subsea group of companies headquartered in Aberdeen, Scotland. With this friendly and strategic acquisition, Reef Subsea creates a world leader in Seabed Dredging and Mass Flow Excavation services with offices in
E.ON to Convert Wind Power into Gas (Germany)
E.ON is developing a pilot plant in Falkenhagen in the north east of Germany to convert power from wind energy into hydrogen which can then be stored in the country’s gas grid. The company is investing over EUR5 million on the pilot plant and further research into this innovative technology. Using p
ACCIONA Triples Net Profit Reported in Same Period Last Year (Spain)
ACCIONA obtained a net profit of 314 million euros in 9M 2011, tripling the 101 million euros reported in the same period of 2010. Group EBITDA amounted to 934 million euros, a 14.8% increase vs. 9M 2010 and revenues grew 5% to 4,796 million euros. EBITDA growth was mainly due to the positive perfor
Tax Credit for Offshore Wind Development, but No One can Qualify for it (USA)
A tax break that could help get America’s first offshore wind farm up and running has been available for two years. But no one can… By Maria Gallucci (truth-out) [mappress] Source: truth-out, November 11, 2011