Business & Finance
Centrica Presents Results for Period Ended 30 June 2011 (UK)
Operating and financial overview: *On track to deliver full year earnings growth in 2011, despite commodity price volatility, challenging economic environment and higher UK upstream gas and oil tax rates *shift in profits from the downstream to the upstream *UK residential energy operating profit* h
Internationalisation Puts Gamesa in Strong Growth Position (Spain)
Progress in internationalisation together with efficiency and sustained performance in all business lines placed Gamesa in a strong growth position in the first half of 2011, with results in line with annual guidance in terms of volume, profitability and debt. Gamesa’s consolidated revenues amounted
BOEMRE and U.S. Coast Guard Sign MOA for Outer Continental Shelf Renewable Projects (USA)
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) and the U.S. Coast Guard today signed a Memorandum of Agreement to identify and clarify their respective roles and responsibilities with respect to offshore renewable energy installations on the Outer Continental Shelf. The M
Germany: REpower Announces Preliminary Results for First Quarter of Fiscal Year 2011/12
According to initial calculations REpower Systems SE (WKN 617 703) generated a total performance of EUR 248.3 million in the first quarter of fiscal year 2011/12 (April 1, 2011 – June 30, 2011) compared to EUR 204.0 million in the previous year’s period. Revenue increased by around 23% year-on-year
EWEA Announces Offshore Wind Energy Statistics for First Half of 2011 (Belgium)
The European Wind Energy Association (EWEA) today published offshore wind energy statistics for the first half year of 2011, showing a comfortable 4.5% increase in installations of offshore capacity compared to the first half of 2010. 101 new offshore wind turbines, with a total capacity of 348 Mega
Portugal: EDP Renewables Announces First Quarter 2011 Results with EBITDA up by 19pct
EDP Renewables, a global leader in the renewable energy sector and the world’s third-largest wind energy producer, today announced that an additional 1.37 GW of capacity were installed over the last 12 months, of which 486 MW were added in 1H 2011 (around 60% of the expected installation for FY 2011
Canada: Tidal Energy Holds Great Potential
Minas Basin Pulp and Power Co. Ltd. (MBPP) is paving the way for coastal communities in Nova Scotia to compete in a growing industry. In 2008, the provincial government gave MBPP, a Hantsport-based pulp and power production company, the go-ahead to develop North America’s first tidal power observati
Carnegie Wave Energy Limited Appoints New Director (Australia)
Carnegie Wave Energy Limited announces the appointment of Mr John Leggate, CBE, FREng to its Board of Directors as a non-executive director. Scottish-born and London-based, Mr Leggate is a highly experienced oil and gas and venture capital industry executive. He worked for over twenty seven years fo
Gov. Ted Strickland Signs Lease Option for Offshore Wind Power Development (USA)
With Lake Erie in the background, a wind turbine that provides energy for the neighboring Great Lakes Science Center, is seen outside Cleveland Browns Stadium in Cleveland. In one of last official acts as governor today, Ohio Gov. Ted Strickland signed an iron-clad lease option giving the Lake Erie
Proposed 50 MW Tidal Power Project in Gulf of Kutch Hits Unexpected Barrier (India)
The 50 MW tidal power project, proposed to come up in Gulf of Kutch, seems to have run into an unexpected barrier. The project’s developer, Singapore-based Atlantis Resources Corporation, wants the state government to hold stake in the ambitious project, the first of its kind in the country. The gov
EWEA’s EU-funded Projects Present Key to Driving Industry Forward (Belgium)
They may not make the headlines very often, but the EU-funded projects EWEA is involved in are key to driving the industry forward. Frequently involving a wide range of experts and years of work, EWEA projects carry out important studies and research into areas of wind energy that are vital for the
Germany: Nordex CEO Thomas Richterich to Leave Company for Personal Reasons
Nordex SE is preparing for a change of CEO. The chief executive officer Thomas Richterich will be handing over responsibility to an as yet unnamed successor and will not renew his contract again, which will expire on June 30, 2012. As a result, Richterich will be leaving Nordex in his tenth year on
Grand Strand Could get Wind Farm (USA)
The impact of wind energy was the topic of a public forum Monday night held by the Southern Alliance for Clean Energy. The Alliance presented findings about how much energy wind turbines could generate along the Grand Strand. “If you were to take the wind generated annually off the coast, you could
Scottish Government Criticizes Crown Estate’s Plans for Coastal Communities Fund
SCOTTISH Environment Secretary, Richard Lochhead has criticized the UK Government’s plans for a coastal communities fund saying that it “falls well short of the need for fundamental reform of how the Crown Estate in Scotland is managed”. Following widespread calls to devolve control of the Crown Est