Iberdrola Profits Up with Contribution from OWF
Spanish public multinational utility company Iberdrola said that its gross operating profit (EBITDA) grew by 12.5% to €4.99 billion, due to the positive performances in the United States, Mexico and Brazil and the contribution of the Wikinger offshore wind farm…
Pavilion Acquires LNG assets of Iberdrola
Singapore-based LNG company Pavilion Energy said its wholly owned subsidiary Pavilion Energy Trading & Supply has agreed to buy Spanish energy company Iberdrola's portfolio of liquefied natural gas (LNG) assets.The portfolio comprises about 4 million…
Carbon Trust to Make Offshore Wind Vessels Greener
The Carbon Trust's Offshore Wind Accelerator (OWA) issued a Request for Information (RFI) on the potential to reduce emissions and fuel consumption in offshore vessels. OWA plans to start a new industry competition next month.The RFI is the first…
Offshore Wind Ready To Take Off in US
Up and down the East Coast, initiatives to develop a massive and largely untapped market can make sea change in American offshore wind, says the Institute for Energy Economics and Financial Analysis (IEEFA).IEEFA pointed out that the big lease sales…
Atkins Wins French Offshore Windfarm Contract
Atkins, a member of the SNC-Lavalin Group, has been appointed to deliver the Front End Engineering Design (FEED) and Detailed Design of wind turbine jacket substructures for St Brieuc Offshore Windfarm, located off the coast of Northern France.The design…
Europeans Sweep Record US Offshore Wind Auction
A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.The Bureau of Ocean Energy…
Siemens Gamesa Reshuffles Top Management
Wind turbine maker Siemens Gamesa announced a reshuffle of its top management on Tuesday, part of a bid to advance an ambitious cost-saving plan after a year-long board battle over issues ranging from suppliers to leadership.David Mesonero, currently managing director of corporate development…
Siemens Gamesa Reshuffles Top Management
Wind turbine maker Siemens Gamesa announced a reshuffle of its top management on Tuesday, part of a bid to advance an ambitious cost-saving plan after a year-long board battle over issues ranging from suppliers to leadership.David Mesonero, currently managing director of corporate development…
Baltic Eagle Surveys Underway
Fugro has commenced a marine site characterisation programme at Iberdrola’s Baltic Eagle Offshore Wind Farm, in German waters of the Baltic Sea.Under a contract worth over EUR10 million, Fugro will undertake a UXO survey to clear the investigation sites…
Offshore Wind: Fugro Starts Site Survey in the Baltic
Fugro has commenced a marine site characterization program at Iberdrola’s Baltic Eagle Offshore Wind Farm, in German waters of the Baltic Sea.Under a contract worth over €10 million ($11 million), Fugro will undertake a UXO survey to clear the investigation sites…
'Renewable Majors' will Pioneer Green Energy Transition, says Orsted CEO
Danish offshore wind specialist Orsted aims to become one of a handful of future "renewable majors" that will lead a global transition from fossil fuels to green energy, the company's chief executive said.Orsted has gone through a rapid transition since 2012 when CEO Henrik Poulsen took the helm…
Trump Effort to Lift U.S. Offshore Wind Sector Sparks Interest
The Trump administration wants to fire up development of the U.S. offshore wind industry by streamlining permitting and carving out vast areas off the coast for leasing - part of its 'America First' policy to boost domestic energy production and jobs.The…
UK Regulator Probes SSE, Npower Merger
British regulators have launched an in-depth investigation into the tie-up between the retail power unit of SSE Plc and Npower, owned by Germany's Innogy, saying it may reduce competition and increase prices for some households.The merger would create…
Global Wind Turbine OEMs Hit by Subsidy Squeeze
Vestas' first-quarter operating profit lags as Siemens Gamesa Q2 adjusted EBIT down 40 pct y/y. Both stocks fall more than 3 pct. Shares in rival wind turbine makers Siemens Gamesa and Vestas fell on Friday as a squeeze on prices caused by reduced state subsidies took its toll on quarterly profits.
Italy's Enel Raises Bid for Brazil's Eletropaulo to $1.54 bln
Brazil power company Eletropaulo Metropolitana said in a securities filing that Italy's Enel has raised its takeover bid for the company to 32.20 reais per share.The bid values Eletropaulo at 5.39 billion reais ($1.54 billion) and tops an offer by Neoenergia SA, controlled by Spain's Iberdrola SA on Wedsnesda
Cheniere Mulls Third Liquefaction Train at Corpus Christi
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said it planned to make a final investment decision to build the third liquefaction train at its Corpus Christi LNG export facility in Texas in the first half of 2018:Cheniere said on Friday…
France to Decide on Offshore Wind in Coming Days
The French government will decide on the future of its planned offshore wind parks in the coming days, renewable energy lobby SER said in a statement. Last month, the French senate rejected a government proposal to renegotiate and possibly cancel projects to generate a combined 3…
Siemens CEO Tries to End Row with Iberdrola Over Siemens Gamesa
Siemens on Wednesday tried to end a dispute with Spanish utility Iberdrola over Siemens Gamesa, the world's second-largest wind turbine maker in which they both hold significant stakes. Iberdrola has viewed critically Siemens's large influence over Siemens Gamesa following last year's merger…
France Awards Climate Grants to U.S.-Based Scientists
Emmanuel Macron plans to award multi-year grants for several U.S.-based scientists to relocate to France, his office said on Monday on the eve of a climate summit hosted by the president to raise finances to counter global warming. Macron unveiled the…
Siemens Gamesa Announces Board Reshuffle
Siemens Gamesa announced on Friday a major reshuffle of its board, following a Reuters report about investor concerns about the way Siemens is managing the Spanish-based wind power joint venture. Alarmed by a second profit warning last week, Iberdrola…
