First Minister Alex Salmond thinks that independent Scotland could cash in GBP 30 billion from green energy over 20 years. He said that unparalleled energy resources would give Scotland a huge competitive advantage over the rest of Europe, reports The Guardian. The country has 25% of Europe’s tidal
AMSC, a global solutions provider serving wind and grid leaders, today provided an update regarding its legal actions in China. As previously reported, AMSC has filed for arbitration and has filed three civil lawsuits in the Chinese courts against Sinovel Wind Group Co., Ltd. (Sinovel) and companies
Maryland governor Martin O’Malley faced strong opposition yesterday from a key Senate committee regarding his offshore wind power bill. This year’s bill does not impose requirements for mandated utilities to enter long-term contracts with an offshore wind producer, but it sets requirements for the o
Starting on February 20th, 2012, Jacques Hardelay will join Alstom Renewable Power as Alstom Hydro Europe President. He will report to Jérôme Pécresse, Alstom Renewable Power President and Alstom Executive Vice-Président. Born in 1950, Jacques Hardelay graduated from the ESME SUDRIA school of mechan
The marine and tidal energy sector is to benefit from £6 million in funding to further develop testing of new wave and tidal prototypes in the seas around Scotland. Scottish Enterprise is launching a second round of the remaining competitive funding from the initial WATERS £13 million fund, launched
GDF SUEZ continued to report solid results for 2011, with EUR 90.7 billion in revenues, up +7.3% despite highly unfavorable weather conditions and the gas tariff freeze in France. EBITDA grew by +9.5% thanks to the contribution of International Power from February 2011, the commissioning of new asse
TenneT announced that Mr Eelco de Boer (58) has been appointed as CFO of TenneT Holding B.V. He will join the Board of Management as a director under the articles of association. Mr De Boer has been employed by TenneT as interim financial administrator since mid-2010. Eelco de Boer has over 20 years
GL Renewables Certification appointed Rüdiger Urhahn as Vice President Project Management & Sales, with responsibility for worldwide customer management in the area of certification services, in January 2012. In addition to sales duties, Mr Urhahn has been given the task of overseeing all customer p
The Board of Directors of Vestas Wind Systems A/S has received a thorough briefing on the conditions which during the last months have led to profit warnings. The company issued its second profit warning in January, saying that cost overruns and delayed revenues had wiped out 2011 profits. As a cons
The Nexans Board of Directors meeting on February 7, 2012, chaired by Frédéric Vincent, approved the Financial Statements for 2011. Net sales for 2011 totaled 6.920 billion euros compared with 6.179 billion euros in 2010. At constant non-ferrous metal prices 1) , the figure is 4.594 billion euros co
2011 was a very challenging year for the wind industry. The same applies to Vestas which had to issue two profit warnings and abandon its Triple15 targets. In 2011, Vestas recorded revenue of EUR 5.8bn and an EBIT margin before special items of (0.7) per cent, slightly below the preliminary financia
TAG Energy Solutions CEO and Energi Coast Chairman Alex Dawson has urged the new Secretary of State for Energy & Climate Change to maintain the Government’s commitment to offshore wind power. Immediately following the resignation of Chris Huhne and subsequent appointment of Ed Davey as the new Energ
Germany recently passed the 20 percent mark for renewable energy in the electricity mix. And the federal KfW bank group has introduced a new plan to further accelerate this shift to renewables, with increases in multimillion euro business loans now available. As more renewable energy is generated, e
Binani Industries Limited, the holding company of USD 1.6 billion Braj Binani Group, today announced the acquisition of 3B – The Fibreglass Company (‘3B’), a Europe-based major in fibreglass products and technologies. Binani Industries Limited is one of India’s leading global diversified business ho
