SüdWestStrom Windpark GmbH &Co. KG is not buying the 400 MW offshore wind farm BARD Offshore 1. Delays in the completion of the wind farm and the modified risk assessment of offshore wind farms have led to a decision that the holding company SüdWestStrom Windpark GmbH &Co. KG and the project company
After a one-year detailed consideration, a confirmation has been given for EUR 500 million to serve for financing Windreich AG’s MEG 1 project. The Deutsch Bank will team up with other banks to approve additional investments of over EUR 1 billion, therefore, just EUR 100 million will be needed for p
Global leading energy services company Senergy has strengthened its alternative energy and power engineering teams with two senior appointments. The company, which provides fully-integrated project and asset development services across the energy industry, has appointed Dick Hall to the position of
Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, issues its latest Interim Management Statement in accordance with the EU Transparency Directive, which also provides a trading update in light of th
The world’s largest wind turbine maker, Vestas, plans to sell shares to boost its finances. Daniel Patterson, an SEB analyst, said to Bloomberg: “The cash flow guidance is a mess.” Earlier this year, Vestas announced that they will reduce their workforce to about 16,000 from 22,721 as a measure of c
On the occasion of Mr. Alex Salmond, Scottish First Minister’s, visit to Paris, the AREVA group and Scottish Enterprise, signed a Memorandum of Understanding (MoU) on industrial site development for the manufacture of wind turbines in East Scotland. The MoU is a step towards establishing an AREVA fa
China Ming Yang Wind Power Group Limited (Ming Yang), a leading wind turbine manufacturer in China, has announced its unaudited financial results for the third quarter ended September 30, 2012. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang commented: “Our financial performance in
Fluor announced that the company received an adverse decision from an arbitration panel regarding its claims for additional compensation related to the Greater Gabbard Offshore Wind Farm Project. Through its claims, the company sought to recover compensation for schedule and cost impacts arising fro
TenneT Offshore GmbH is seeking contractors for manufacturing, supply and installation of AC submarine cables, including fibre optics. Subsea cabling will be done in the region of the cluster SylWin, designed for a transmission capacity of up to 300 MW per wind farm and a power level of about 155 kV
China Ming Yang Wind Power Group Limited (Ming Yang), a leading wind turbine manufacturer in China, today announced that, effective November 16, 2012, Mr. Xian Wang has resigned as a member of the Company’s board of directors, for personal reasons. Mr. Wang has been a member of the board of director
Centrica expects to deliver year on year earnings growth in 2012 in line with market expectations, subject to the usual variables of weather and commodity prices, in a continuing weak economic environment. Average UK residential gas consumption for the first ten months of 2012 was 9% higher than for
Deepwater Wind has announced additions to its leadership team as the company moves toward construction of its path-breaking Block Island Wind Farm and advances its plans for utility-scale offshore wind farms to power states along the East Coast. Jeffrey Grybowski, who has led Deepwater Wind’s regula
Due to the uncertainties in the regulations and amendment process of the Energy Act underway , EnBW, one of the largest energy companies in Germany has decided to postpone the decision on EUR 1.5 billion investment in the North Sea Offshore Wind. “We need legal clarity and reliable framework conditi
SSE plc has announced half year results for the six months to September 2012. Lord Smith of Kelvin, Chairman of SSE, said: “SSE’s focus is always on full-year results, because the potential for volatility is always much greater in a half year period, but it is obviously encouraging that adjusted pro
