Vestas generated revenue of EUR 3,798m in the first nine months of 2011, which was in line with the year-earlier period. EBIT declined by EUR 136m to EUR (84)m. The EBIT margin was (2.2) per cent. The free cash flow improved significantly to EUR (218)m from EUR (878)m in the first nine months of 201
The U.S. wind turbine market is likely to peak in 2012 and decline significantly in 2013 due to the expiry of tax credits, the head… (reuters) [mappress] Source: reuters, November 09, 2011
The EU Commissioner for Climate Change emphasised the role of targets in boosting investments in renewable energy at an EWEA event last night. “It makes good business sense to invest in renewables yet people aren’t doing it”, said Commissioner Connie Hedegaard, pointing out that “this is one lesson
The EU Commissioner for Climate Change emphasised the role of targets in boosting investments in renewable energy at an EWEA event last night. “It makes good business sense to invest in renewables yet people aren’t doing it”, said Commissioner Connie Hedegaard, pointing out that “this is one lesson
SeaHold GEOSHIPS Ltd, specialists in marine and subsea services, has expanded its fleet of multi purpose offshore vessels. The two new vessels ‘Loch Erisort’ and ‘Loch Roag’ brings the Aberdeen-based firm’s fleet up to three, whilst also signifying a US$140 million in additional financial commitment
The European wind energy market is just starting to recover from the economic downturn in 2009. As demand stabilises, steady growth is forecast. At the same time, the market is poised for greater consolidation that will result in the emergence of fewer but stronger participants. New analysis from Fr
European wind power production will meet a massive 31% of the emissions reduction required by the current EU climate target. Today the European Wind Energy Association (EWEA) published a new report revealing that by 2020, the EU wind industry would avoid 342 million tonnes of CO2, equivalent to 31%
SSE plc has announced their half year results for the six months to September 2011. Lord Smith of Kelvin, Chairman of SSE, said: “There is no doubt that 2011 has been characterised by turmoil in the global energy markets, economic uncertainty across much of the world and widespread concern about the
SSE plc has announced their half year results for the six months to September 2011. Lord Smith of Kelvin, Chairman of SSE, said: “There is no doubt that 2011 has been characterised by turmoil in the global energy markets, economic uncertainty across much of the world and widespread concern about the
A bill introduced in the House would extend vital tax credits for the renewable energy industry that are about to expire… (ibtimes) [mappress] Source: ibtimes, November 09, 2011;
Nova Scotia continues to be a world leader in tidal energy with the completion of a new $1.3-million visitor centre and the arrival of the subsea power cables required to deliver electricity from the Bay of Fundy to Nova Scotia homes and businesses. The Fundy Ocean Research Centre for Energy (FORCE)
Aquamarine Power, a Scottish wave energy company, closed its Newport office last week, saying a lack of certainty in the state was making… (sustainablebusinessoregon) [mappress] Source: sustainablebusinessoregon, November 09, 2011;
Falmouth Harbour Commissioners (FHC) and The Crown Estate have signed a lease to create FabTest, a new wave energy ‘nursery’ test site inFalmouth Bay on the south coast of Cornwall. The site has also been issued with a marine license by the Marine Management Organisation (MMO), which allows the moor
Falmouth Harbour Commissioners (FHC) and The Crown Estate have signed a lease to create FabTest, a new wave energy ‘nursery’ test site inFalmouth Bay on the south coast of Cornwall. The site has also been issued with a marine license by the Marine Management Organisation (MMO), which allows the moor
