On 26 April 2012, a 50-50 joint venture has been formed between Eneco Wind UK Ltd (Eneco) and EDF Energy to hold the exclusive development rights to the Navitus Bay Offshore Wind Project, which is part of The Crown Estate Round 3 Offshore Wind Programme. The Crown Estate, owner of the seabed and a p
Offshore wind farm developers will be able to fund their projects despite the reduction in support from banks, Green Giraffe Energy Bankers said to Bloomberg. The financing will come from utilities and third parties. “Funding, whether debt finance, equity or other hybrid forms, is there for good pro
Responding to evidence from The Trump Organization and Communities Against Turbines Scotland to the Economy, Energy and Tourism Committee, Niall Stuart, Chief Executive of Scottish Renewables said: “Tackling climate change and creating meaningful and sustainable jobs are the two key challenges for t
Beatrice Offshore Windfarm Ltd (BOWL) has submitted an application to the Scottish Government for consent to develop the Beatrice offshore wind farm in the Outer Moray Firth. BOWL is a joint venture partnership formed between SSE Renewables (75%), SSE’s renewable energy development division, and Rep
Hitachi Ltd. and Fuji Heavy Industries, Ltd. have reached a basic agreement on the assignment of FHI’s wind turbine generator system business to Hitachi. Towards the completion of assignment, which is planned for July 1, 2012, Hitachi and FHI will discuss the specific terms of the future agreement.
Siemens continued broad-based revenue growth in the second quarter of fiscal 2012. Revenue in the second quarter rose nine percent year-over-year, supported by a strong order backlog. New orders were down 13 percent. Income was considerably below the prior year due to burdens in the Power Transmissi
Ballast Nedam is holding up in the still deteriorating market conditions and has achieved a revenue and profit approximately in line with those for the first quarter of 2011. Excellent results have been achieved on several major multiyear projects and in niche markets, while the regional infrastruct
ABB reported higher orders and revenues in the first quarter of 2012, led by growth in North America. Operational EBITDA declined 7 percent compared to the same quarter a year earlier while net income was up 5 percent. Orders were 2 percent above the very high levels in the first quarter of 2011, dr
A model of MCT’s SeaGen tidal technology is one of a number of exhibits on display at the BIS Marine Industry showcase, which is taking place in London between 16th – 27th April. The Marine Industry Showcase is opportunity to highlight the industry sector’s contribution to the UK economy and the Gov
Nexans today announced 2012 first-quarter sales of 1,752 million euros, that is, 1,169 million euros at constant non-ferrous metal prices, reflecting an annual growth of +0.6% at constant exchange rates and comparable scope. As a reminder, the organic growth rate for the first quarter of 2011 was 13
German industry is planning to invest in construction and modernization of 84 large power generation plants. The capacity of planned and installed projects is 42,000 megawatts with the total investment volume of more than EUR 60 billion. Some 69 plants out of the 84 projects are undergoing permittin
The Marine Offshore Renewables (MOR) group was officially launched last week and is already attracting a lot of interest from the marine renewables sector here in Devon and Cornwall and nationwide. The launch event in Saltash saw speakers from Cornish marine renewables companies A&P Group, Mojo Mari
Yesterday, Energy Minister Martin Lidegaard asked the state-owned company Energinet.dk to start feasibility studies for two proposed wind farms, 400MW Horns Rev 3 and 600MW Kriegers Flak. The work includes studies of marine mammals, birds and how parks could affect navigation. Energinet.dk will also
Austal has taken further steps in implementing its strategy to regionalise its operations to better serve and grow its international client base. Following the acquisition of its Philippines shipyard last year, the company has now broadened its sales and support organisations in the key Europe, Asia
