Attempts to compare subsidies for different energies in the UK are “apples to oranges” and muddle a skewed debate further, the CEO of the European Wind Energy Association (EWEA) said today. With the European Commission preparing guidance on public intervention in energy markets, EWEA is calling for
Vattenfall’s CEO, Oystein Loseth has informed the Board of Directors that he does not want to negotiate an extension of his fixed-term contract, which is due to expire in March 2015. The Board of Directors has now begun the process of finding a successor. Vattenfall’s CEO Øystein Løseth: “I have inf
Vattenfall reports a stable underlying operating profit of nearly 21 billion SEK for the period January-September 2013. Cost-cuttings and price hedging have contributed to the result while higher costs for CO2 emission allowances have had a negative impact. Summary of the third quarter and the nine
The new-in-post senior management team appointed by wind turbine tower manufacturer Mabey Bridge to oversee an expansion in the company’s renewables interests has hit the ground running – securing orders for more than 30 towers in just two months. Among the key contracts, won since the formation of
Great-Yarmouth based 3sun Group, a specialist provider of products and services to the global energy industry, has reported a turnover of £13.7 million for the financial year 2012/13. The company’s turnover increased almost three-fold from 2010/2011, going from £2.4million to £6.5million, and almost
Green Marine Solutions (GMS) has opened a new office at the Scottish Enterprise Inovo building in Glasgow, Scotland, as it strives to harness the benefits of the offshore wind industry, Herald Scotland reports. The company is headquartered in Newcastle-upon-Tyne, and the Glasgow base is now establis
Areva issued its results for the first nine months of 2013 yesterday, which show that its renewable energy business is facing revenue decrease. The company’s Renewable Energies Business Group ended the first nine months with a 26.6% decrease in revenue in comparison to the same period of 2012. The r
The main focus of the OWIM Conference this year was cost reduction in offshore wind installation and maintenance, which would eventually lead toward cheaper electricity generated from offshore wind resources. Two sessions were held under the title Bringing Down LCOE (Levelised Cost of Energy), discu
This year’s Offshore Wind Installation and Maintenance (OWIM) Conference, a side-event of the Offshore Energy Exhibition & Conference, dedicated a session to the risks in offshore wind contracting. The session was held under the title Managing and Reducing Interface Risks in Contracting, and was cha
BOW Terminal is growing along with the offshore wind sector. The company is advancing its business by investing in further improvements. Offshore WIND spoke to Arjen Pattenier, Business Unit Manager of BOW Terminal, at this year’s Offshore Energy event in Amsterdam. Offshore WIND: First of all, I wa
Wave energy developer Carnegie Wave Energy Limited announced the receipt of a Research and Development Tax Incentive cash rebate from the Australian Tax Office of $2.26 million. The R&D Tax Incentive provides a tax rebate to support Australian companies to undertake research and development in Austr
IBERDROLA’s 9-months results have been negatively impacted by increased regulatory costs in Spain and the UK as well as other factors which have led the Company to reduce shareholder remuneration. Positive business activity, including efficiency gains, have reduced the impact on Ebitda to a net €240
Electricity transmission system operator, Tennet, has secured EUR 500 million from the European Investment Bank to fund offshore grid connections in the North Sea. Tennet will construct and maintain three separate offshore grid connections, HelWin1, SylWin1 and DolWin1, to the German Electricity Gri
The Board of Directors of DONG Energy has today approved the interim financial report for the first nine months of 2013 with the following financial highlights compared with the first nine months of 2012: — EBITDA for the first nine months of 2013 was DKK 11.2 billion compared with DKK 6.6 billion f
