Windreich AG enters into a purchase agreement for the wind farm ‘Deutsche Bucht’ with an Anglo-Saxon financial investor and at the same time acquired the responsibility for the subsequent turnkey erection, commissioning and the expected future operation of the wind farm. Hence this Windreich offshor
ABB reported steady orders and higher revenues in the third quarter of 2012 despite a challenging macroeconomic environment, as the company benefited from its well-balanced market exposure, especially the improved access to the North American automation market gained through recent acquisitions. Pow
IBERDROLA projects average Ebitda and net earnings for the 2012-2014 period in line with the €7.65 billion and €2.8 billion recorded in 2011, enabling it to continue remunerating shareholders at a gross annual average of about €0.3 per share. The Group will achieve this through a strategy focused on
TenneT TSO GmbH got a lawsuit because of the grid connection delays on Trianel’s 200 MW North Sea offshore wind farm. Namely, Trianel is seeking compensation for the Borkum offshore wind farm related costs, which will increase from EUR 50 million to at least EUR 900 million, Bloomberg informs. The d
Last week, during the EEA Grant Conference arranged by Innovation Norway and CDTI in Bergen, the Norwegian company Langlee Wave Power and Repnaval Shipyard (Zamakona Yards) signed an agreement for the development of wave power in the Canary islands. The two companies will file a common application t
Aquatic Engineering & Construction Ltd, an Acteon company, has become one of several businesses that form the new Peterhead Energy Hub (PEH). The port of Peterhead is a major strategic gateway to the North Sea for the oil and gas industry, and various suppliers and contractors have been invited to j
Offshore WIND interviewed Iwan Scholte, Sales Manager from Liebherr, at this year’s Offshore Energy Conference and Exhibition in the Netherlands. Regarding the company’s development plans for the offshore sector, Mr. Scholte said that they have built a new offshore crane, which is available for the
Building upon its strong track record in South East Asia, GL Garrad Hassan has opened a new office in Singapore. Senior Investment and Strategy Advisor Ragna Schmidt-Haupt has been appointed to drive renewable energy services in the country, with a strategic focus on solar investment. Singapore has
Anbaric Transmission could act as an intermediate between potential investors from Europe and USA that are interested in helping TenneT by injecting up to EUR 4 billion (USD 5.2 billion) in the connection of up to four offshore projects to the land. Anbaric spokesman is cited by Reuters as saying th
Leo Hambro, Commercial Director of Tidal Transit, has announced that the company has just placed an order for the manufacture of the third, in its potential fleet of ten, innovative wind farm crew transfer vessels. To be named Tia Elizabeth, this new vessel will be built to exactly the same high spe
ABB, the leading power and automation technology group, has announced that Michel Demaré will step down as ABB’s Chief Financial Officer and member of the Executive Committee. He has been appointed as the new Chairman of the Board of Syngenta beginning in April 2013 and will in the future focus on h
Wirral Council’s Investment Strategy Team has secured £5 million of funding from the Regional Growth Fund, which was set up by the Government to stimulate sustainable growth across the country. The funds will allow infrastructure improvements to be made to port areas for the storage and assembly of
Ocean Power Technologies, Inc.(OPT), a leading wave energy technology company, today announced that the Company has received a ¥70 million (approximately US $900,000) contract from Mitsui Engineering & Shipbuilding (MES) for further work towards development of the Company’s PowerBuoy technology for
In connection with the previously announced company program 2014, Siemens will modify its business strategy and organizational setup with respect to renewable energy. The company plans to divest its solar business activities and is currently holding talks with potential buyers on this subject. Sieme
