Business & Finance
UK Taps EU EUR 4.5 Billion Fund for 12 Clean Energy Projects
Britain is seeking funding for 12 carbon capture and storage and renewable energy projects under the European Commission’s 4.5 billion… (ecoseed) [mappress] Source: ecoseed, May 11, 2011;
Offshore Marine Management Opens New Office in Cambridge (UK)
Offshore Marine Management (OMM) announce the opening of a new office in Cambridge. Located at Conqueror House, Vision Park, Chivers Way, Histon, Cambridge, CB24 9NL the expansion was necessary to accommodate the company’s continued growth. This growth is driven by a growing client base and a divers
Bonheur ASA Publishes First Quarter Results (Norway)
The Group accounts for the first quarter 2011 comprise Bonheur ASA and its subsidiaries (“The Group of companies”) and the Group of companies´ ownership of associates. Comparable figures for the same period in 2010 in brackets. The accounts are unaudited. Highlights 1Q 2011 * Operating revenues were
Nordex Group Begins Year with 22 pct Sales Growth (Germany)
The Nordex Group has begun the year 2011 with double-digit sales growth. The increase to EUR 183.1 million (Q1/2010: EUR 150.5 million) was materially underpinned by the strong performance of Nordex USA, which was able to expand its sales substantially to EUR 28.9 million (Q1/2010: EUR 3.4 million).
E.ON Remains on Course Despite Extraordinary Business and Energy-Policy Challenges (Germany)
E.ON remains on course despite extraordinary business and energy-policy challenges. Its forecast for full-year 2011 is nearly unchanged despite the anticipated negative impact of the economic crisis on its power business and rising margin pressure in its gas business plus the additional negative imp
Clean Energy Advocates Urging LIPA to Consider Offshore Wind Project for Long Island (USA)
Clean energy advocates are calling on the Long Island Power Authority (LIPA) to give serious consideration in securing an offshore wind… By Renewable Energy Long Island (longislandpress) [mappress] Source: longislandpress, May 11, 2011;
NKT Supports Expectations with Organic Growth in Revenue of 13 pct (Germany)
Revenue increased by 712 mDKK to 3,774 mDKK, corresponding to organic growth of 13% and nominal growth of 23%. The NKT Group’s solid … (nktcables) [mappress] Source: nktcables, May 11, 2011;
RenewableUK Warns Against Reducing Offshore Wind Targets
In response to the CCC’s call for reducing offshore wind targets and rather focus on less costly low-carbon alternatives, RenewableUK’s… (renewableenergyfocus) [mappress] Source: renewableenergyfocus, May 11, 2011;
UK Supports Marine Current Turbines Application for EU Project Funding
An application from Marine Current Turbines, the UK tidal energy developer, to secure money from the European Union’s New Entrant… (marineturbines) [mappress] Source: marineturbines, May 11, 2011
Siem Offshore Reports First Quarter Results (Norway)
Siem Offshore, an international supply and subsea shipping company, today announced results for the first quarter of 2011. The operating revenue for the first quarter was USD 68.9 million compared to USD 49.8 million for the same period of 2010. The operating margin was USD 21.8 million compared to
Offshore Wind Power Price Lower in NY than in RI (USA)
A wind power company planning to sell Rhode Island electricity from a small offshore wind farm is offering wind power for far less in… (beaumontenterprise) [mappress] Source: beaumontenterprise, May 10, 2011;
PNE WIND Records Positive Results in First Quarter (Germany)
The first quarter of fiscal year 2011 ended positively for the wind farm developer PNE WIND AG. An operating result (EBIT), which is… (pne) [mappress] Source: pne, May 09, 2011
The Netherlands: Ulstein Group and IDEA Heavy Equipment Join Forces in Offshore Industry
A memorandum of understanding (MOU) was signed at 27 April 2011, which outlines the main principles of how Norwegian Ulstein Group and Netherlands based IDEA Heavy Equipment are joining forces. The companies have entered into an MOU which will lead to an operational business in the Netherlands by th
Iberdrola Sets up Offshore Business Division in Scotland
IBERDROLA has always endeavoured to lead the way in innovation, spearheading the development of environment-friendly generation… (iberdrola) [mappress] Source: iberdrola, May 09, 2011