Business & Finance
EnBW Closes Third Quarter with Revenue up to EUR 13,76 Million (Germany)
EnBW Energie Baden-Württemberg AG closed its third quarter of the current fiscal year 2011 with 6.4% and 13.5% higher unit sales of electricity and gas, respectively. Compared to the prior year, electricity sales thus increased to 116.9 billion kilowatt-hours and gas sales to 42.8 billion kilowatt-h
Taewoong Goes up After Offshore Wind Announcement (South Korea)
Taewoong Co., a maker of parts for wind-power plants, rose as much as 15 percent in Seoul trading after South Korea’s energy ministry said… By Saeromi Shin (bloomberg) [mappress] Source: bloomberg, November 11, 2011
Gamesa Reports 20 pct Growth in Net Profit (Spain)
Gamesa continued to expand profitably during the first nine months of 2011, throughout which it continued to focus on strengthening expansion abroad, efficient management and cost control, launching new products, and maintaining the pace of activity in all business areas, with results in line with 2
Two Firms Merge into ZF Wind Power Technology (Germany)
On 25 July 2011, the boards of ZF Friedrichshafen AG (“ZF”) and Hansen Transmissions International NV (“Hansen”) announced the terms of a recommended cash offer for the entire issued and to be issued share capital of Hansen to be made by ZF International BV, a wholly owned subsidiary of ZF. On 6 Oct
Nexans Welcomes Hubert Porte as New Director (France)
The Nexans Combined General Shareholders’ Meeting and the special meeting of the holders of double voting rights, both chaired by Frédéric Vincent, Chairman and CEO, were held in Paris on November 10, 2011. These meetings were called in accordance with Nexans undertakings under the agreement signed
Statnett Q3 Profit After Tax Down to USD 44.5 Million (Norway)
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 Gross Profit up 7.3 pct YoY
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
ACCIONA Appoints New Chief Global Business Development Officer (Spain)
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 Reports Growth in 2010/11 of 14.5 pct (UK)
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
Energy Costs Rising Due to Renewables Law (USA)
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;
Ventizz’s Firm Takes Over North Sea Offshore Wind Farm (Germany)
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 Ends 2011 Fiscal Year with Record Breaking Results (Germany)
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
EIB Considers Raising Loan Price for Renewable Energy Projects (Luxembourg)
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
Vestas Announces Change of Organisation (Denmark)
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