The Nordex group has terminated plans to transfer its entire offshore activities to a joint venture. Nordex was not able to agree with the negotiating partner on a concept for the continuation of the activities in a joint venture. Nordex disclosed its intention to seek an industrial partner for this
The continuing economic crisis has created a need for alternative sources of capital for the renewable energy sector, people attending a panel session at the EWEA 2012 Annual Event in Copenhagen heard on Wednesday. Torben Pedersen, of PensionDanmark, also said there are considerable pressures on pub
In the past year, IHC Merwede’s revenue has increased by four per cent to reach € 1.05 billion. The company’s net profit has also increased to € 103 million with a solvency ratio of 40%, demonstrating that IHC Merwede is in strong financial health and able to implement its growth strategy. With sale
Electricity transmission operator TenneT has maintained a high security of supply in 2011, while transmission rates remained at a low level. TenneT also contributed to making the energy supply in north-west Europe more sustainable. Major investments have gone into strengthening and expanding the gri
STL Research announce that they have recently been awarded Government funding to accelerate their project to develop an offshore personnel-access system. Code-named Neptune, the system will space-stabilise its personnel carrier regardless of the motion of the ship on which it is mounted so that pers
Mercom Capital Group, llc, a global clean energy communications and consulting firm, today released its report on funding and merger and acquisition (M&A) activity for the wind energy sector for the first quarter of 2012. Venture capital (VC) funding in the first quarter came in strong with $240 mil
The constant drive to innovate has taken the wind industry from its humble beginnings to its current prominence as the state of the art in energy generation. For the industry to continue to develop and lead the globe to a new era of sustainable energy, innovation must be ongoing, global, and part of
Finance Secretary John Swinney today welcomed the announcement of a Scottish-Japanese partnership to invest in oil and gas and renewables opportunities in Scotland and internationally. Mr Swinney met with senior executives of Japan’s Mitsui & Co. in Tokyo as details were announced of its strategic p
Sinovel and Mita-Teknik has entered into an agreement under which Sinovel purchases PLCs and software from Mita-Teknik, and the two companies will work together to develop customized control systems to serve their clients worldwide with the best products and solutions. In a close cooperation between
In an interview for Bloomberg, Scotland’s Energy Minister Fergus Ewing announced intention of reducing corporate tax levied by the UK with an aim of bringing more investors in the oil and gas industry and laying foundations for fast-tracked development of offshore wind power. “The budget was difficu
The Danish government has stepped up its green energy targets. That makes Denmark an even more obvious destination for wind energy investments, says Denmark’s Minister for Trade and Investment Pia Olsen Dyhr. She hosts an investor seminar on Monday at EWEA 2012 and will be available for a press Q/A
More than 150 experts on U.S. and European offshore renewable energy and the oil and gas industry met in Washington, D.C., on April 11 and 12 to exchange information and build relationships in support of U.S. offshore renewable energy development. The Offshore Energy Knowledge Exchange workshop was
Signing of a Memorandum of Understanding on Tuesday by the Japanese Bank for International Cooperation (JBIC) and UK Trade and Investment (UKTI), secured the UK considerable funds for low-carbon energy generation and transportation projects, including that aimed at offshore wind industry development
After a sharp falloff in 2010, investments in the United Kingdom’s clean energy sector rebounded last year to $9.4 billion, 35 percent higher than last year and the seventh highest among G-20 nations, according to new research by The Pew Charitable Trusts. The growth was driven in part by a 10-fold
