PNE WIND Group generated sales totaling euro 15.2 million (previous year: euro 32.9 million), an operating result (EBIT) of euro -6.0 million (previous year: euro -0.8 million) in the first three months of 2015. Martin Billhardt CEO of PNE WIND AG, “With our well filled onshore and offshore project
Carnegie Wave Energy Limited appointed Jeffrey Harding to the role of Chairman of the Board of Directors. Former Chairman, Mr Grant Mooney, will remain as a Non-Executive Director and continue in the role of joint Company Secretary. On his appointment as Chairman, Harding said: “I am delighted to be
Ecosse Subsea Systems (ESS) has acquired MASfab, an English fabrication business, for an undisclosed sum. MASfab provides a range of fabrication, welding and construction services to the oil, gas and renewables sectors. As part of the deal MASfab has been awarded a seven-figure valued contract to ma
With offshore wind farms DanTysk, Nordsee Ost, Borkum and Global Tech I alone, more than 2,000 MW of German offshore wind energy has been installed in the North and Baltic Seas. End of this year will see the installed capacity rise to more than 3,000 MW. This corresponds to the capacity of more than
RenewableUK says the new UK Government should send an early signal that it is serious about supporting low-carbon energy to attract investment and create jobs. RenewableUK’s Chief Executive, Maria McCaffery, commented: “We hope that one of the new Government’s priorities will be to act quickly to se
Massachusetts state officials are trying to find a user of the New Bedford marine terminal, initially meant to be used for the Cape Wind project. However, current options could bring in a lower return on investment than what Cape Wind would have brought, writes Isaac Orr, a research fellow for energ
MarketResearch.com has added a recent report by GlobalData to its offering, which covers the latest developments in the global wind turbine market. GlobalData’s report, Wind Regains Momentum in 2014 and Industry Outlook Improves, reveals that the global wind turbine market is expected to see increas
GLA Land and Property Limited (GLAP), with the support of the Royal Docks Management Authority (RoDMA), is seeking a development partner to bring forward the comprehensive re-development of Albert Island, a 10ha site in the Royal Docks, London Borough of Newham. Significant parts of the Albert Islan
Siemens released its Q2 results today, which show that the conglomerate has faced losses in its wind and renewables division. The company said that the ongoing high production and installation costs, as well as burdens related to inspecting and replacing main bearings, contributed to losses in this
E.ON’s transformation is the main topic at the company’s Annual Shareholders Meeting in Essen, Germany. Supervisory Board Chairman Werner Wenning and CEO Johannes Teyssen updated shareholders on the status of the project to divide the company into the future E.ON and a new company, Uniper. Starting
In 2014, the average price for a megawatt hour of electricity in the Netherlands amounted to 41 euros, down more than 20 percent from 52 euros in 2013, TenneT reported. These developments mean that market prices in the Netherlands and Germany are gradually converging. Whereas prices were equal in bo
Grontmij and Pondera Consult will carry out preparatory studies for the call for tender by the Dutch Ministry of Economic Affairs for allotments III and IV of the Borssele offshore wind farm. When completed, Borssele will deliver sustainable energy to 1.4 million households and will be one of the wo
Siemens announced today that it is on track with the implementation of its concept for the company’s strategic realignment. The company has started taking the next steps planned in order to improve its profitability, including measures to improve profitability at the Power and Gas Division’s power g
Germany will become the world’s leading market for annual offshore wind turbine installations in 2015, with the country set to add an impressive 2,071 Megawatts (MW) this year, an almost fourfold increase from the 529 MW added in 2014, according to research and consulting firm GlobalData. The compan
