Business & Finance
GE Inks USD 3.2 bln Acquisition of Converteam (France)
GE today announced the successful completion of its $3.2 billion acquisition of Converteam, a leading provider of power conversion and automation systems and high-efficiency power electronics, motors and generators. Converteam’s solutions enable customers in a variety of industries to replace or imp
Abu Dhabi MAR Acquires Former HDW Gaarden GmbH in Kiel (Germany)
As of today the contracts for the acquisition of the former HDW Gaarden GmbH in Kiel have entered into force. Abu Dhabi MAR Kiel GmbH starts with 172 employees, the facilities, equipment and infrastructure of the former HDW Gaarden, working on first orders of its target markets offshore, mega yachts
Tekmar Energy Doubles Revenues in Last 12 Months (UK)
UNDERWATER engineering specialist Tekmar Energy doubled revenues in the last 12 months and expects to achieve the same magnitude of growth… By Peter McCusker (nebusiness) [mappress] Source: nebusiness, September 01, 2011
Availability of Seajacks Vessels in Q3 2011 (UK)
Seajacks published report on availability of their jack-up vessels. Seajacks is a leading owner and operator of purpose-built self-propelled jack-up vessels. Seajacks currently owns and operates self-propelled jack-up vessels out of Great Yarmouth in the United Kingdom, ‘Seajacks Leviathan’ and ‘Sea
Atlantic Array Offshore Wind Farm Plans to Go on Display in North Devon (UK)
PLANS for the Atlantic Array Offshore Wind Farm are to go on display to people in North Devon at a series of public exhibitions starting… By Andy Keeble (northdevongazette) [mappress] Source: northdevongazette, August 31, 2011
Ocean Power Technologies to Announce Fiscal First Quarter 2012 Results (USA)
Ocean Power Technologies, Inc. (“OPT” or the “Company”), a leading wave energy technology company, announces that it will release its fiscal first quarter financial results before the market opens on Friday, September 9, 2011. A conference call to review these results will be held at 10:00 a.m. East
The Netherlands: Typhoon Offshore and HVC Acquire 600MW Offshore Wind Farm from BARD
Typhoon Offshore, the green investment company, and HVC, the Alkmaar-based energy provider to municipalities and water districts, have acquired from BARD Holding GmbH the 600MW wind farm that will be constructed in the North Sea, 55 kilometers North East of Schiermonnikoog. With this acquisition, th
NaiKun Reports Net Loss of USD 0.6 Million in Third Quarter Financial Results (Canada)
NaiKun Wind Energy Group Inc. (the “Company” or “NaiKun Wind”) announced its financial results for the three months ended June 30, 2011, a fiscal period during which the Company maintained the expenditure level achieved through its restructuring and continued to progress the new strategies it began
Ecosse Subsea Systems Revenues Grow to GBP 1.9 Million (UK)
Aberdeen-based Ecosse Subsea Systems has marked its 15th anniversary with news that turnover has again increased. (subseauk) [mappress] Source: subseauk, August 29, 2011
Germany: Volkswagen Plans to Invest in Renewable Energy
The biggest European automaker, Volkswagen, plans to invest almost one billion euros ($1.44 billion) in renewable energies over the … (economictimes) [mappress] Source: economictimes, August 26, 2011
UK: SMart Wind Inks Two Agreements with The Crown Estate
SMart Wind, the joint venture between Mainstream Renewable Power and Siemens Project Ventures, today announced the signing of Agreements for Lease (AFLs) with The Crown Estate for the first two offshore wind projects in the Hornsea zone. The agreements, which secure options for the rights to use, as
Clipper Windpower Withdraws from Britannia Project (Canada)
Hopes of bringing 1,000 manufacturing jobs to Tyneside appear to have been dashed. by Adrian Pearson (chroniclelive) [mappress] Source: chroniclelive, August 25, 2011;
Roxtec Announces 20 pct Jump in UK Sales
Safety seals manufacturer Roxtec has reported a 20 per cent jump in UK sales for its last financial year, taking turnover to £3.2m. (menmedia) [mappress] Source: menmedia, August 23, 2011
Germany: nkt cables Releases Half-Year Report 2011
nkt cables has announced half-year 2011 results . EBITDA expectations in NKT Holding for 2011 is downgraded to approx. 1.0-1.1 bnDKK from earlier approx. 1.2 bnDKK due to the fact that 2nd quarter earnings in nkt cables were not satisfactory. The adjustment primarily relates to the newly build subma