Narec in collaboration with Semta, the Sector Skills Council for science, engineering and manufacturing technologies and the National Composites Network is hosting a breakfast briefing at Narec on Tuesday 29th May. Narec has secured funding from the European Regional Development Fund for programmes
Vestas generated revenue of EUR 1,105m in the first quarter of 2012 – an increase of 4 per cent to the year-earlier period. EBIT before special items declined by EUR 135m to EUR (204)m. The EBIT margin before special items was (18.5) per cent. After special items of EUR 41m, EBIT was EUR (245)m. The
LM Wind Power Group made continued progress despite being faced with a range of external pressures, maintaining profitability for 2011 with revenue of EUR 707.5 million and EBITDA of EUR 73.9 million. The results are in line with expectations for the year, yet disappointing and lower than last year.
CTC Marine Projects Ltd., Trico Offshore Ltd. and Deep Ocean AS, all subsidiaries of DeepOcean Group Holding AS, today announced that they are rebranding and changing name to DeepOcean. “The move is more than a name change,” says DeepOcean Group CEO Bart Heijermans. “We will operate as one company o
As pointed out by Paul Thomson, managing director of SLP Engineering, the offshore engineering company is resuming business as usual, despite the fact that its parent company, the Smulders Group, is undergoing some tough financial times, EDP 24 informed. Due to considerable financial setbacks result
PowerWind GmbH has filed for the opening of insolvency proceedings under debtor’s self-administration on 24 April 2012. New German insolvency law offers excellent options for sustainable restructuring. PowerWind GmbH has filed for the opening of insolvency proceedings under debtor´s self-administrat
According to the Financial Times Deutschland, Swiss engineering compay ABB is expecting its offshore wind projects to advance as planned, without delays. Peter Terwiesch, head of ABB in Germany, said that profit margins for the projects are in a “normal development corridor.” Contrary to Siemens who
Dongyang Engineering & Construction Corp. signed an initial deal with local authorities to build two wind farms in a renewable energy complex in southwesternKorea, reported Yonhap News. That will increase power generation capacity of the complex, the largest one in Asia which is located 410 kilomete
Modus Seabed Intervention, one of the North East’s leading subsea specialist companies, believes membership of a new industry partnership will bring even greater success in the North Sea renewable energy market. Provisionally known as Norstec, the partnership is a global network of businesses aimed
The German government is negotiating increase of financial support for the grid operators that are working on connections, reported Bloomberg. The negotiations are a part of an effort to fight delays in connecting turbines to the power grid. As a result, the state may increase a program worth EUR 5
AREVA generated consolidated revenue of 2.026 billion euros in the first quarter of 2012, up 2.4% (+1.3% like for like) compared with the same period in 2011. The increase in revenue in the Mining Business Group (+11.9% reported, +6.5% like for like), the Reactors & Services Business Group (+5.8% re
GBI Research, a leading business intelligence provider, has released its latest research, “Wind Energy Maintenance Market to 2020 – Growth Driven by Increasing Competition between OEMs and ISPs in the Post-Warranty Maintenance Segment”. The report gives an in-depth analysis of the wind energy mainte
DNV achieved a 3.7% growth in operating revenue, from NOK 9,792 million in 2010 to NOK 10,156 million in 2011. The operating profit increased by NOK 248 million, or 31%, from NOK 810 million in 2010 to NOK 1,058 million in 2011. The net profit after tax for 2011 came to NOK 730 million, compared [&h
“The past fiscal year was not an easy year for the energy industry and therefore also not for EnBW. It is all the more pleasing that we were able to create the main conditions for further forward-looking investments, despite the difficult general environment. The measures we have taken to safeguard
