Financing and restructuring expert replaces co-leadership of Stefan Heczko and Klaus Pötter. Dieter Dehlke was named sole Managing Director of PowerWind GmbH with effect from 4th May 2012. The financing and restructuring expert has taken over the responsibilities of previous Managing Directors Stefa
Thanks to the stable development of the operating business, EnBW Energie Baden-Württemberg AG generated overall pleasing results in the first quarter of the current fiscal year 2012 despite the ongoing difficult environment. For example, EnBW’s revenue in the first three months of the year increased
DNV has, as part of a strategic partnership with StormGeo, acquired the right to purchase 22,7 % of StormGeo’s shares through a mutually convertible capital issue. The core focus of StormGeo will remain within the fields of oil exploration, renewable energy as well as shipping, media and aviation. F
Fishermen’s Energy will file an amended application to NJ regulators by 1 June. The company plans to build 5 or 6 wind turbines with total capacity of 25 MW in waters offshore the Atlantic City, thus hoping to install the first offshore wind farm in the USA. This move follows criticism by two consul
Developments progressed as expected for the wind farm project developer, PNE WIND AG, during the first quarter of the financial year 2012. Consequently, the company was already able to conclude a successful transaction in the sale and handover of the “Kemberg II” onshore wind farm during the first t
Minister for Energy Fergus Ewing responded to Ofgem’s review of transmission charging. He said: “We have Europe’s best renewable energy resources, yet the unfair system of locational charging continues to result in Scotland facing the highest charges in the UK, while subsidies are paid to generators
Utility companies in Europe encourage offshore wind-energy capacity amid rising fossil-fuel prices and political pressure, according to MarketWatch. Utility firms have initiated projects offshore, as the demand for offshore wind farms is set to continue with geopolitical goals to reduce carbon emiss
SeaEnergy PLC announces its audited results for the year ended 31 December 2011. Financial Summary The clear financial highlight of 2011 was the conclusion of the sale of SERL to Repsol Nuevas Energias UK Limited. This resulted in the Group recording a profit of £25.3 million for the financial year
HOCHTIEF went through many challenges in 2011: The Group’s strong operating business with a new record order backlog of almost EUR 49 billion was countered by severe setbacks in two projects and its Habtoor Leighton joint venture (Dubai). The Group was unable to offset them in full and incurred an o
E.ON released financial result for 2011. “Despite a difficult business environment, we have made very good progress in implementing our strategy and reorganizing our company. We moved resolutely forward on our consolidation course; the worst adverse effects are behind us. E.ON 2.0, our efficiency-en
In a letter addressed to First Minister Alex Salmond, Donald Trump said that international investors no longer see Scotland as a safe place to invest and that 83 percent of Scots consider wind farms as a “blot” on the landscape, reported Bloomberg. Trump said that Salmond is destroying Scotland’s in
In 2011 TÜV SÜD set new records for revenue, income and headcount. Last year the international service corporation increased its revenue to almost EUR 1.7 billion (2010: EUR 1.55 billion); compared to the prior year, earnings before interest and taxes (EBIT) rose by 12 per cent to around EUR 160 mil
Vattenfall announced the results for the first quarter 2012. ”During the quarter we successfully concluded our divestment programme of our noncore assets. In January we received a combined total of SEK 21 billion for the sale of operations in Belgium, Finland and Poland. We have thereby been able to
Renewable Energy Holdings plc, the AIM quoted investor in, and operator of, European wind power, announced its preliminary results for the year ended 31 December 2011. Subsequent to the year end, the Board of Directors has reached the decision that it would be in the best interests of shareholders t
