Business & Finance
DONG Energy EBITDA Up to USD 2.2 Billion (Denmark)
The Board of Directors of DONG Energy has today approved the interim financial report for the first nine months of 2011 with the following outlook and key performance indicators compared with the first nine months of 2010: EBITDA was DKK 11.7 billion, up from DKK 10.6 billion in the first nine month
Siemens Increases its Stake in Marine Current Turbines to 45 pct (UK)
British tidal energy company, Marine Current Turbines Ltd, today announces that Siemens is increasing its share in the company to 45%. “With this increase in its stake, Siemens is strengthening its activities in ocean power generation. We will actively shape the commercialization process of innovati
Fluor Net Earnings Reach USD 135 Million (USA)
luor Corporationannounced financial results for its third quarter ended September 30, 2011. Net earnings attributable to Fluor for the third quarter were $135 million, or $0.78 per diluted share, compared with a loss of $54 million, or $0.30 per diluted share a year ago. Segment profit for the third
Vestas Wins Fund to Develop Wind Turbine Blades (UK)
VESTAS has been awarded funds to develop massive offshore wind turbine blades in the latest round of the government’s Regional Growth Fund… By Ross Findon (iwcp) [mappress] Source: iwcp, November 03, 2011
Trident Energy Announces Strengthening of its Management Team (UK)
Trident Energy, the independent developer of enabling technology for the offshore renewables sector, today announced the strengthening of its management team to support the development of its innovative PowerPod system. The team will be based in the Company’s new central Glasgow office. Trident Ener
Tidal Energy Companies to Benefit from 5 ROC (UK)
As the UK government has announced plans to down grade the level of financial support for on and offshore wind and boost support the wave and tidal sectors, companies in this fledgling marine market stand much to gain. Marine renewable power developers were recently left stunned after the Government
Dundee Waterfront Project Secures GBP 300 Million of Investment (UK)
Dundee’s waterfront project has secured £300m of investment, it has announced. The money – a third of the £1bn target needed to transform… (bbc) [mappress] Source: bbc, November 03, 2011
Dundee Still Waiting for Gamesa’s Decision (UK)
The company had indicated it would announce the location of its new UK wind turbine manufacturing and logistics hub by the end of October af… By Graham Huband (thecourier) [mappress] Source: thecourier, November 02, 2011
Anders Soe-Jensen Talks Offshore Wind (Denmark)
Anders Soe-Jensen is the founding president of the offshore division of Vestas Wind Systems A/S, the world’s biggest turbine maker. He spoke… By Alex Morales (bloomberg) [mappress] Source: bloomberg, November 02, 2011
NWFTC Wins Prestigious Trade Association Accreditation (UK)
National Wind Farm Training Centre, which provides training to the wind energy industry, has been awarded RenewablesUK’s renowned Training Standards and Accreditation for promoting and delivering best practice health and safety training and competence standards. The RenewableUK training standards ar
Finance Minister Rejects Non-profit Dong Energy Proposal (Denmark)
Danish Finance Minister Bjarne Corydon rejects the proposal put forward last week to let state-owned energy group Dong Energy build wind farms on a non-profit basis. Corydon admits that everything should be done to reduce the costs for offshore wind turbine development but points out that offshore w
Marubeni Completes Acquisition of Stake in Gunfleet Sands Offshore Wind Farm (UK)
On September 1st 2011 Marubeni Corporation and DONG Energy entered into an agreement whereby Marubeni acquires a 49.9% stake in the 172MW Gunfleet Sands offshore wind farm. Completion of the transaction was conditional on, inter alia, certain matters relating to financing. The transaction has today
East Yorkshire Gets GBP 25 Million for Renewable Energy Job Training (UK)
MILLIONS of pounds have been awarded to train East Yorkshire’s renewables workers of the future. The Government is giving £25 million to the region in a move that could eventually generate several thousand jobs in the offshore windfarm industry. The cash has been awarded as part of a joint bid by Hu
Carnegie Wave Energy Reports Quarter Results (Australia)
During the quarter Carnegie Wave Energy Limited received independent verification of the results of its CETO 3 deployment confirming the peak unit capacity at 203kW. This was the primary aim of the CETO 3 project and its verification brings to a close the most significant technical milestone complet