Centrica reported a profit drop of 31% to GBP 530 million for the first half of 2014 mostly due to loss of GBP 70 million in its gas-fired division. Mild weather in the UK and the Polar Vortex in North America also contributed to this result. Revenues rose 15% to GBP 15.7 billion while operating [&h
In the third quarter of fiscal 2014, Siemens posted strong results in most areas, which were affected by challenges in the Energy Sector. Net income rose to €1.4 billion, from €1.1 billion in the prior-year-period. Corresponding earnings per share increased to €1.62 year-over-year from €1.27. Total
Australian wave energy developer, Carnegie, released its results for quarter ended on 30th June 2014. During the quarter Carnegie Wave Energy Limited focused primarily on its Perth Wave Energy Project (the Perth Project) with the CETO unit assembly and test phase, delivery of the desalination plant
Mammoet Europe B.V., based in Schiedam, The Netherlands, has expressed its intention to sell the largest part of its maritime fleet to the Dutch company Hebo Maritiemservice B.V. This decision was made after review of Mammoet’s company portfolio. As Mammoet increases its focus on offshore activities
A group of banks led by ING and Rabobank in the role of structuring banks acted as financiers of the Westermeerwind wind farm in the Noordoostpolder that reached financial close. In addition to ING and Rabobank, ASN Bank and Triodos Bank were also is involved and Danish export credit agency EKF guar
Within the scope of certification for the Gemini 600 MW offshore wind farm, TÜV SÜD has successfully completed the design assessment for the wind farm and the certification of two sub-stations. Gemini is located in the Dutch exclusive economic zone (EEZ) in the North Sea, around 85 kilometres off th
Vattenfall is inviting tenders for work on the Sandbank offshore wind farm substation construction. The contractor will be in charge of supervising the steelwork fabrication and corrosion protection of an offshore wind farm substation. The 288MW project is located in the German Bight area, around 90
Scotland has more than doubled its renewable energy output since 2007. Almost half of Scottish electricity is being produced from renewables while it is aiming go fully renewable by 2020. The country has 25% of Europe’s offshore wind and tidal resources and 10% of its wave power. To showcase all the
Ocean Power Technologies, Inc. released its financial results for its Fiscal 2014 fourth quarter and full-year ended April 30, 2014 (“fiscal 2014”). David L. Keller, Interim Chief Executive Officer of OPT, stated: “Over the last several months, we announced the termination of both the Reedsport, Ore
Centrica plc announced the appointment of Iain Conn as Chief Executive with effect from 1 January 2015, at which point he ill join the Centrica Board. Iain will succeed Sam Laidlaw who will retire from the Board on 31 December 2014. Iain will join from BP plc where he has been Chief Executive, Downs
Westermeerwind BV reached financial close on 25 July for the turn key construction of the Westermeerwind wind farm in IJsselmeer. Work can now start on building the 48 wind turbines. The Westermeerwind wind farm consists of 48 wind turbines with a capacity of 3 MW to be installed in the water betwee
Consortium made of Nénuphar, Technip and renewable energy company EDF Energies Nouvelles is seeking a contractor for a job on its floating vertical-axis turbine. Vertiwind is an innovative Floating Vertical axis offshore turbine developed to produce in sea conditions. The turbine system has been dev
Gamesa ended the first half of 2014 with €42 million in net profit, almost twice the 1H13 figure (€22 million). This increase strengthens the growing trend in profitability, with an EBIT margin of 7.7% at constant exchange rates, and in revenues, which increased by 21% at constant exchange rates. Th
UK Department of Energy and Climate Change has released a draft version of the Contracts for Difference (CfD) budget notice that the Secretary of State will give to the EMR Delivery Body, National Grid, ahead of the first allocation round in October 2014. The department divided the first allocation
