Business & Finance
REpower Welcomes DECC’s ROC Banding Announcement (UK)
The UK Department for Energy and Climate Change (DECC) has announced a new proposal on how to support large scale renewable electricity under the Renewable Obligation. In response to increasing market pressures, particularly the need to reduce costs and promote cost efficient projects, DECC has alte
Ten NOF Energy Members Win Piece of Regional Growth Fund (UK)
Ten NOF Energy members based in North East England have been successful in securing a proportion of the Government’s £950million Regional Growth Fund. NOF Energy is the business support organisation for oil, gas, nuclear and offshore renewables sectors. George Rafferty, Chief Executive of NOF Energy
Windreich Secures Funds for Global Tech I Offshore Wind Farm (Germany)
Willi Balz, Chief Executive Officer of the Windreich AG, has announced that the company has secured total project financing for its first offshore wind park Global Tech I and emphasizes, ‘With its 400 MW capacity, it is the first offshore project worldwide to obtain financing which directly brings t
Narec Successful in Bid for Regional Growth Fund (UK)
Andrew Mill, CEO, The National Renewable Energy Centre (Narec): “With the support received from the Regional Growth Fund, Narec will help to sustain the UK’s leading position in the offshore wind sector by driving the commercial development of seven new innovative products or services. Narec will ma
The Switch Continues as Independent Company (Finland)
The Switch, a leading provider of permanent magnet generator and full-power converter packages, told today that it will continue to pursue its successful business strategy as an independent company following the announcement by its shareholders and power technology company AMSC regarding the termina
Vestas Issues Profit Warning (Denmark)
The commissioning of Vestas’ new generator factory in Travemünde, Germany, is not progressing as planned. In order not to compromise on safety and quality in an already very busy fourth quarter, Vestas has chosen to postpone the handing over of a number of projects, primarily in Europe. The changed
The Netherlands: Ballast Nedam’s Order Book Increases to EUR 1.8 Billion
Ballast Nedam has succeeded in maintaining its position under challenging market conditions. The revenue and results that it achieved were broadly in line with those for the first three quarters of 2010. The order book increased from € 1.7 billion in mid-year to € 1.8 billion. This puts Ballast Neda
Scotland Announces GBP 18 Million Fund for Renewable Energy
The Scottish government has announced new funding for renewable energy developments that are likely to produce new engineering jobs… (careerstructure) [mappress] Source: careerstructure, October 27, 2011
Crown Estate Still Not Talking about Round 4 (UK)
The UK’s emerging offshore wind industry has only just started work on ambitious plans to build more than 30GW of new capacity, and is not y… By Jessica Shankleman (businessgreen) [mappress] Source: businessgreen, October 27, 2011
Vattenfall Operating Profit up (UK)
Vattenfall reports an operating profit for the third quarter 2011 of SEK 4,447 million (5,829). The underlying profit has improved, and the Group delivered on its strategy of streamlining operations and consolidating its financial position. “The lower earnings for the third quarter than the correspo
ABB Publishes Q3 Results (Switzerland)
ABB reported a 24-percent increase in operational EBITDA in the third quarter on double-digit revenue growth compared with the third quarter of last year. In addition to higher revenues, the increase reflects successful cost reductions that continued to more than offset price pressure. The recent Ba
Trident Energy Announces New Appointments (UK)
WAVE power developer Trident Energy yesterday beefed up its presence in Glasgow by appointing industry veteran Jonathan Armstrong as is firs… By Peter Ranscombe (scotsman) [mappress] Source: scotsman, October 26, 2011;
EnBW Issues Hybrid Bonds Worth EUR 750 Million (Germany)
EnBW Energie Baden-Württemberg AG issued a bond with a volume of € 750 million. The bond has a term to maturity of approximately 60 years with call options every five years after the first interest payment date. Based on its terms and conditions, the bond will be recognised as equity by some rating
Prime Minister Positive About Siemens’ GBP 80m Investment (UK)
PRIME Minister David Cameron said there is “every reason” to believe the Siemens deal in Hull will go ahead… (thisishullandeastriding) [mappress] Source: thisishullandeastriding, October 25, 2011;