Low carbon technologies have been put under the spotlight with the publication of three in-depth reports into key areas of innovation. This new analysis, under the Technology Innovation Needs Assessments (TINAs), delves into marine energy, electricity networks and storage, and Carbon Capture and Sto
Gravitas Offshore Limited is the latest UK company to secure innovation funding from a DECC and Technology Strategy Board (TSB) innovation scheme to support the development of next generation offshore wind technology. Energy and Climate Change Minister Greg Barker said: “The Coalition is committed t
Wind gear manufacturer Moventas Wind Oy and industrial gear manufacturer Moventas Santasalo Oy are merging into one company on 31 August, 2012. The new company, named Moventas Gears Oy, continues the operations of both companies. “Our new name, Moventas Gears, represents us well. We are an expert in
A local firm has teamed up with a leading electrical technology provider to put the latest piece into place for E.ON’s £736m Humber Gateway Project. Spencer Group has been engaged by CG Power to install the civil infrastructure for the new substation which will connect the power from the new Humber
Hunting for higher returns, pension funds are acquiring stakes in wind power projects, reports Reuters. Namely, these projects were dubbed too risky by banks and other investors. DONG Energy’s acting deputy CEO for wind power Morten Buchgreitz said: “I hope this will be a model that catches on becau
The Nordex Group posted a 4.4 percent increase in sales to EUR 421.1 million in the first half of 2012 (2011: EUR 403.3 million). This growth was driven by the Company’s core European market, where sales grew by 17.2 percent to EUR 338.2 million. At EUR 522 million, new orders remained steady at the
JDR has announced that the company has been selected by WindMW GmbH as a partner for the Meerwind Sud/Ost Offshore Windfarm. The project will use 80 wind turbines to generate 288 megawatts of electricity and will be located approximately 23km north of the island of Helgoland, with completion planned
DONG Energy has acquired 100% ownership interest in three offshore wind development projects in Germany, Gode Wind 1, 2, and 3, from PNE Wind AG. The three projects have a total capacity of up to 900 megawatt and are located in the German North Sea approx. 30 km northwest of the island of Norderney.
Munich Re and Allianz, German insurance companies, declined to comment on a newspaper report which says that they were considering buying power grid from TenneT, one of Germany’s transmission system operators. Reuter informs that Munich Re stated that it could not confirm the alleged interest, while
HOCHTIEF generated profit before taxes of EUR 166.1 million in the second quarter of 2012 after incurring a loss in the first three months of the year. The HOCHTIEF Asia Pacific division returned to the black. The troubled Airport Link project, a toll road in Brisbane, was opened to traffic and hand
Parker Hannifin Corporation, the global leader in motion and control technologies, has been awarded a contract by Northwind NV, a joint venture of the Colruyt Group and Aspiravi NV from Belgium. The scope of the agreement is for supply of infield array cables, cable accessories and offshore services
Philipp Rösler, German Minister of Economy, will meet with the Dutch Government representatives this week and discuss the financial problems that the transmission system operator TenneT is facing, Reuters writes. As reported earlier, due to its financial issues, the company is claimed to be responsi
With a strong first half of 2012, E.ON continues its positive performance and confirms its full-year forecast. E.ON’s first-half EBITDA rose by €2.4 billion year on year to roughly €6.7 billion, its underlying net income by €2.4 billion to roughly €3.3 billion. “Our solid first-half results demonstr
TenneT, a transmission system operator, could be pushed into a withdrawal from the German market by the Government, the Handelsblatt news site learned from unrevealed Government sources. The Government could achieve this by using the certification process, which the Federal Network Agency is current
