Business & Finance
Global Ocean Energy Prospects Boosted by Established Wind and Hydro Players (USA)
The global ocean energy sector is at a turning point, with over 45 wave and tidal prototypes expected to be ocean tested in 2010 and 2011, after only a dozen were installed in 2009, according to a new IHS Emerging Energy Research market study. If these initial projects are successful, the global oce
IBERDROLA RENOVABLES Net Earnings Rose to €179.4 Million in First Nine Months, Despite Decline in Gas Business (Spain)
– Ebitda rose 25.3% and net earnings by 25.2% due to diversification and solid assets – Ebitda rose 19.4% driven by an increased contribution from wind, higher production and capacity, as well as greater efficiency, offsetting the negative impact of gas – Installed capacity exceeded 12,000 MW wh
Fluor Announces That Cost Escalation on Offshore Wind Project Will Impact Third Quarter Results (USA)
Fluor Corporation (NYSE: FLR) today announced that its third quarter results will include a charge of approximately $163 million, or $0.90 per share, for estimated cost increases on the Greater Gabbard Offshore Wind Project. During the third quarter, the project experienced a variety of execution ch
Contract for the Wind Installation Vessel “BRAVE TERN” (Norway)
A subsidiary of Fred. Olsen Windcarrier AS, which is indirectly owned 50/50 by Bonheur ASA and Ganger Rolf ASA, has entered into a contract for the specialized transport and installation vessel for offshore wind turbines “Brave Tern” with the Belgian offshore company GeoSea NV. Duration of the contr
Government Urges Scots Firms to Take Part in £750 Offshore Wind Boom
THE global offshore wind market will outperform previous forecasts and grow into a £750 billion industry by 2030, according to a ground-… By Nathalie Thomas (scotlandonsunday) [mappress] Source: scotlandonsunday, October 18, 2010;
Two Companies to Build Wind Farm off Northwestern University (USA)
A firm interested in building an offshore wind farm 6 to 9 miles east of Northwestern University estimates the cost would run about $313… BY Bob Seidenberg (suntimes) [mappress] Source: suntimes, October 18, 2010;
Quonset Development Corporation Wins Funds to Buy a Mobile Crane (USA)
The Port of Providence has won $10.5 million in federal funds for the purchase and installation of two harbor cranes to expand cargo… By Alex Kuffner (projo) [mappress] Source: projo, October 18, 2010;
Irish urged to put their money where their potentials are
Ireland must take advantage of the UK’s plans to develop invest up to €60bn on offshore wind projects in the Irish and Celtic Seas,… By Rachel Neliigan (insideireland) [mappress] Source: insideireland, October 15, 2010;
Warwick Energy hits opposition from Norfolk residents (UK)
The Warwickshire firm hoping to build a £1.3 billion offshore wind farm off the coast of Norfolk has encountered a major setback following… By Anna Blackaby (birminghampost) [mappress] Source: birminghampost, October 15, 2010;
China Ming Yang updates about China wind industry development
China Ming Yang Wind Power Group Limited (NYSE: MY) (“Ming Yang”, or the “Company”), a leading and fast-growing wind turbine manufacturer in China, provided an update through a conference call with investors today on certain developments in the China wind power industry since Ming Yang’s ADSs began
Cost-effective deep-sea wind farms (UK)
Since Windpower Monthly’s January offshore event, cost-efficiency in the wind industry has been placed at the top of everyone’s agenda.As a… (windpowermonthly) [mappress] Source: windpowermonthly,October 14, 2010;
Antitrust authority approves Siemens as equity partner in A2SEA (Denmark)
On June 29 2010 it was announced that Siemens would become equity partner in offshore wind park installation specialist A2SEA A/S. The investment has now been approved by the German antitrust authority and is expected to be completed in the fourth quarter of 2010. The information provided in this an
China Datang Corporation wins concession bid for offshore wind power
China Datang Corporation Renewable Power (Datang) won a 300 megawatt offshore wind power concession bid. Datang was one of four offshore… (capitalvue) [mappress] Source: capitalvue,October 13, 2010;
Divestment of stakes in Nordkraft and Salten Kraftsamband has been approved (Denmark)
On June 24 2010 DONG Energy announced an agreement to sell its ownership interests in Nordkraft and Salten Kraftsamband, two energy companies based in northern Norway, to a company in the Troms Kraft Group The transaction has now been approved by the Ministry of Petroleum and Energy in Norway and is