Gamesa presented its 2012 earnings, after advancing the key figures on 12 February. The results were in line with the guidance given last July and mark the beginning of a recovery in profitability and value creation, underpinned by the company’s Business Plan 2013-2015. Gamesa met its 2012 targets i
On 26 February 2013, in Seoul, the Korean Register of Shipping (KR) launched “Innovation KR” (iKR), a new subsidiary company established to manage all non-traditional work. iKR will undertake engineering, consulting and, in particular, a wide range of R&D activity aimed at new and renewable energies
Despite the considerable challenges and bottlenecks faced by China’s offshore wind power market, the country’s efforts in technologies for development of offshore wind power have remained strong. Thanks to years of coordination and cooperation between the government and domestic offshore wind power
Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new major contract worth in excess of € 350 million by Alstom Grid for the connection project DolWin3 linking offshore wind farms in the North Sea to mainland Germany on behalf of the Dutch-German grid
Wave energy developer Carnegie Wave Energy Limited, announced the award of a $1.27m AusIndustry grant from the Clean Technology Innovation Program to support a CETO Seawater Desalination Demonstration Pilot Plant. The award of the funding supports the design and construction of a CETO Desalination P
Sea Generation Wales Ltd has been awarded a share of £20 million funding under the government’s Marine Energy Array Demonstrator scheme (MEAD), launched in April last year, to support the development and testing of pre-commercial marine devices in array formations out at sea. Besides Sea Generation
Pelamis Wave Power has been awarded a £1.4m project from The Energy Technologies Institute (ETI) to fund development work to enhance the cost-effectiveness of wave energy converter arrays in UK waters. The funding will support the first phase of work this year ahead of a larger demonstration program
MeyGen has been awarded a capital grant of £10 million by the Department of Energy and Climate Change (DECC). Meygen will use the grant to further develop its Demonstration Array via the Marine Energy Accelerator Developer (MEAD) process which started in March 2012. The MeyGen project is the largest
Centrica, in its preliminary results for 2012 which were published today, has disclosed the information that the company is in discussions with a financial partner and the UK Government concerning the economic framework for the Race Bank offshore wind farm project. The company was granted planning c
The Board of Directors of DONG Energy has today approved the 2012 annual report with the following financial highlights and outlook: – EBITDA was DKK 8.6 billion, down DKK 5.1 billion on 2011. In the Energy Markets business unit, EBITDA fell by DKK 6.6 billion from DKK 2.0 billion in 2011 to a loss
The Energy Department’s Office of Energy Efficiency and Renewable Energy (EERE) recently announced 70 grants totaling $10.5 million to small businesses to develop technologies with a strong potential for commercialization and job creation. These awards will help small businesses with promising ideas
Leading manufacturer of major maritime projects, Nordic Yards, has signed a contract to construct an offshore transformer platform. The client, Alstom, with whom Nordic Yards will be working for the first time, was awarded the tender by transmission grid operator TenneT Offshore GmbH. DolWin gamma i
Transmission System Operator TenneT has awarded the DolWin3 offshore project to Alstom. This project connects the North Sea wind farms to the mainland supergrid and has an investment volume of more than €1 billion. “With this project, we help to take the energy turnaround another step forward and ma
The New Anglia Local Enterprise Partnership (LEP), which helps to grow jobs and remove the barriers to business growth in Suffolk and Norfolk, will be targeting a new Enterprise Zone fund. The fund has been created by Government so that key infrastructure projects can be completed quickly. Funding w
