• Net sales +9% to CHF 232.3 million • EBITDA more than quadrupled to CHF 29.2 million • EBIT of CHF 14.9 million and net profit of CHF 8.3 million • Reorganisation of Thun site on track • Challenging market environment led to weaker than expected incoming orders • Further structural measures to safeguard long-term… Read more »
World’s oil supply in vulnerable position with prices set to soar Political instability and recent rebel attacks in the Middle East has left the world’s oil supply dangerously uncertain, suggests new research from ESCP Europe. According to Professor of Energy Economics Mamdouh G. Salameh, we are all at risk of steep oil price increases. “The… Read more »
Luxcara, one of Europe’s leading asset managers for renewable energy investments, and MEAG, the asset manager of Munich Re and ERGO, have initiated and structured a project bond to finance a wind farm in Norway. A lower three-digit million euro amount of projects bonds has been privately placed with investors of the Munich Re group…. Read more »
Sales reaches EUR 957 million in the first half 2018 EBITDA margin of 4.0 percent Order intake rises to 2.1 GW Delta4000 series ready to launch Guidance for 2018 confirmed Hamburg, 14 August 2018. The Nordex Group (ISIN:DE000A0D6554) has announced today that it has generated sales of EUR 957.1 million in the first six months… Read more »
CRONIMET Mining Power Solutions Namibia and OLC Solar Energy engineered, financed and installed Namibia’s largest photovoltaic and storage system. The 150 kWp photovoltaic system which is combined with an efficient Qinous 332 kWh lithium Ion energy storage system is now operating. The innovative solar-plus-battery storage system will significantly reduce energy cost and ensure a sustainable… Read more »
Siemens Gamesa Renewable Energy (SGRE) will supply the Tonstad Wind Farm in Norway with 51 of its SWT-DD-142 Onshore wind turbines. After commissioning, the wind farm will be one of the largest in Norway. The project is developed by ENGIE and will have a total capacity of 208 MW. The wind farm is located in… Read more »
SeaRoc Group continues to support the expansion of offshore wind in South East Asia with the delivery of four Offshore Wind Seminars in 3 countries next month. The seminars will aim to inform attendees of Risk Management and Project Management issues related to Offshore Wind Farms and mitigation measures available to manage and minimise their… Read more »
Huawei is delighted to announce that Alison Finch, Chief Marketing Officer (Europe), has been appointed to the prestigious post of Vice President on SolarPower Europe’s Board of Directors, Europe’s leading solar association. Alison Finch has been a non-executive Board member since March 2017 and became Vice President in July after securing most votes in a… Read more »
Brave Tern, the 132-metre jack-up operated by Fred. Olsen Windcarrier AS, has completed a major crane refit at Damen Shiprepair Amsterdam. The main operation was the insertion of a 20- metre section into the main boom of the 800-tonne crane, allowing it to reach a height of 120 metres. This upgrade now allows it to… Read more »
Intelligent Fingerprinting, developer of the world’s first fingerprint-based drug test, is simplifying workplace drug testing across the Utilities sector with the availability of a simple-to-use, portable drug testing solution that’s based on revolutionary fingerprint sweat analysis technology. Unlike traditional urine or saliva-based drug tests that can be invasive, time-consuming and undignified for testers and employees, the… Read more »
Array Technologies, the global pioneer of solar tracking technology, is continuing to grow business at a steadfast pace Down Under. The company entered the Australian market just 18 months ago, and has since been awarded 15 projects exceeding one gigawatt (GW) of installed capacity, making it the fastest tracker supplier to reach the milestone in the… Read more »
China State Shipbuilding Corporation Limited (CSSC) has welcomed the rapid growth of its exclusive marine equipment service platform, CSSC Marine Service Co.,Ltd, (CMS), during its first twelve months of trading. Increasing demand for services offered by CMS has necessitated plans for service expansion, the details of which CMS will be communicating during the upcoming SMM exhibition in… Read more »
Knowing the exact degradation rate of a panel or where exactly a connector is broken is simply out of reach for existing monitoring solutions. SunSniffer® adopted a technology from NASA and refined it together with the German Aerospace Center (DLR). It could be not less than a game changer. How do you detect faulty connectors… Read more »
Siemens Gamesa Renewable Energy (SGRE) signed 10 Memorandums of Understanding (MoUs) with a range of suppliers today in Taipei, Taiwan. The MoUs come as a complement to previous agreements signed with Yeong Guan Energy Technology Group (YGG) and Swancor Holding Co. (Swancor). They further demonstrate the commitment of SGRE to the development of the offshore… Read more »
Photon Energy NV (WSE: PEN) closed the second quarter of 2018 with a record increase in Group revenues and further improved EBITDA and EBIT. In Australia, the Company’s Leeton project reached the ready-to-build stage, and Photon Energy Operations expanded its operations and maintenance services portfolio to 222 MWp worldwide. For 2018Q2 the Company’s revenues reached… Read more »
Everywhere we look – geographically, politically, technologically and financially – wind energy is breaking new ground. Wind energy continues to expand all over the world. It’s at the heart of government thinking on the energy transition. The technology continues to evolve and the costs continue to fall. And crucially it’s now moving beyond the power… Read more »
Sulzer’s Houston Service Center has passed a major milestone in its exemplary safety record, operating for over three years without a lost time injury. For the facility in La Porte, Texas, this equates to over six million manhours in an industry that has some challenging working environments. We all manage personal safety as part of… Read more »
Sparrows Group has created a director-level role to drive its growing diversification efforts forward. In the newly appointed position, John Grover will be responsible for expanding the business globally. Based at Sparrows’ headquarters in Aberdeen, Mr Grover will spearhead the delivery of the company’s long-term growth plan worldwide as it looks to build on its… Read more »
Kipp & Zonen, the market leader in solar radiation measurement solutions, launches a new web application to provide people in Photovoltaics (PV) with a customized recommendation on solar irradiance measurement. The Configurator enables stakeholders of PV projects to check online which and how many products they need to accurately monitor solar irradiance. As a response… Read more »
Ecoppia, the world-leader in robotic, water-free photovoltaic solar panel cleaning solutions, announced today an agreement for deploying its E4 robotic system in a 325MW site in REWA solar park in the state of Madhya Pradesh, India. The site is developed by Sprng Energy, a renewable energy platform backed by emerging markets-focused private equity Actis Capital and… Read more »
On July 30, the last suction bucket jacket foundation landed on the seabed at the Borkum Riffgrund 2 offshore wind farm in Germany. With this milestone, GeoSea completes the installation of 20 suction bucket jackets. Borkum Riffgrund 2, owned by Ørsted and Global Infrastructure Partners, will feature 56 Vestas turbines of 8 MW and have… Read more »
Saarbrücken, August 1, 2018: Greencells, one of the largest independent European solution providers for solar photovoltaic (PV) power plants, has concluded a strategic investment with OMAS, a wholly-owned subsidiary of The Zahid Group, a diversified Saudi Arabian conglomerate. As part of the investment, OMAS has acquired a 50% share in Greencells. Greencells develops, builds, operates… Read more »
SAN FRANCISCO – August 1, 2018 – Sharp Electronics Corporation’s Energy Systems and Services Group (Sharp ESSG) announced today that its behind-the-meter SmartStorage® energy storage solution was selected to be installed at ILM Tool’s 25,000-square-foot machine shop to help offset its growing peak demand usage. ILM Tool handles quick turnaround prototype and production run orders for… Read more »
Difference between low generation costs and staggered prices for electricity from the grid ensures high potential savings in Portugal | Inverter from Zeversolar increases efficiency Albufeira/Cologne, 1 August 2018 – Considerable energy costs can be saved in commercial companies with self-generated solar power. This is shown by the PV system at the hotel Areias Village… Read more »
Hamburg, 1 August 2018 – The urgency to drive down turbine product lifecycle costs and in parallel combine wind with other smart energy solutions has become key wind industry topic. From 25 to 28 September the Global Wind Summit will highlight the future of wind energy production, its integration and storage as well as sector… Read more »
1 August, Brussels-Aarhus – MHI Vestas, one of the world’s leading manufacturers of offshore wind turbines, has joined the Global Wind Energy Council (GWEC), the trade body which represents the global wind industry. The company will join GWEC’s board of directors and play an active role in GWEC’s work to open up markets for offshore wind around… Read more »
Augsburg, July 31, 2018 – With a big summer party meteocontrol GmbH celebrated its 20th anniversary with customers, partners, companions as well as employees and their families. In two decades, the former engineering office for solar technology with initially three engineers has developed into an internationally operating company with over 150 employees at 10 locations… Read more »
Subsea UK has issued a call to action, urging supply chain companies to step forward with ideas and solutions that could support the decommissioning of the largest nuclear site in Europe. The industry body has teamed up with Sellafield Ltd to run a ‘Game Changers’ workshop, inviting businesses across the UK to submit their ideas… Read more »
A new-build Service Operation Vessel (SOV) of WINDEA’s shareholder Bernhard Schulte will support the turbine maintenance of GE Renewable Energy for the next years. Having two SOVs built by Ulstein yard already in operation, Bernhard Schulte has now ordered another, larger, vessel in Norway. WINDEA’s shareholder Bernhard Schulte Offshore has signed a contract with GE… Read more »
Study finds that “the Indian market is a double-edged sword” Berlin, Delhi, 31. July 2018 – The Indian market is one of the most profitable yet risky for project developers and investors in photovoltaics (PV). While large-scale projects of over 100 megawatts (MW) are now common, the investment risks caused by the climate, poor installation… Read more »
• Strong commercial activity: the backlog boosted by €3,292 million in firm orders • Financial performance is in line with the guidance issued to the market for fiscal year 2018 • The L3AD2020 program is fully operational and gaining traction Siemens Gamesa Renewable Energy released its results for the first nine months (October-June) and the… Read more »
innogy SE has appointed David Few as Project Director for the largest project in its current development portfolio, the 1.2 gigawatt (GW) Sofia Offshore Wind Farm, sited on Dogger Bank in the North Sea. As Project Director David Few will be responsible for delivering a winning bid for Sofia in a Contracts for Difference (CfD)… Read more »
A national consortium of universities has been awarded £5million to bring together a network of academic, industrial and policy stakeholders to champion and maintain the UK’s world-leading expertise in offshore renewable energy (ORE). ORE Supergen is part of a programme of initiatives being funded by the Engineering and Physical Sciences Research Council (EPSRC) and brings… Read more »
Hatboro, PA – Alencon Systems LLC will demonstrate its full line-up of SPOT DC-DC optimizers at SPI 2018 in Anaheim, CA September 25 – 27, 2018 in booth #3227. The SPOT family of products includes the SPOT 600, 1000 and 1500, all of which have been listed to UL1741 as well as CSA C22.2 and… Read more »
1,626 MW or 497 turbines newly constructed in the first semester of 2018 – significant decline in onshore wind energy expansion Potential of onshore wind energy to reach the 65 percent target is not being fully exploited due to a stagnation in permits Political stability determines industrial development and the role of the German… Read more »
Comprehensive framework agreement will help China’s second largest wind rotor blade manufacturer save up to two months in product certification process Zhuzhou, Hunan, China (26th July 2018) – DNV GL, the world’s largest resource of independent energy experts and certification body, has signed a comprehensive framework agreement with leading Chinese wind turbine blade manufacturer Zhuzhou… Read more »