05 February 2016
Suffolk-based renewables developer Mosscliff Environmental has been placed into liquidation. Having gone into administration in mid-December, the company was liquidated by Milton Keynes-based administrators Opus Restructuring on 25 January. Opus’ case officer Kyle Ashford said it would “wrap up the liquidation of assets in the coming months. Information regarding the assets has been filed with […]
Posted in Finance, Wind Energy0 Comments
05 February 2016
Beijing Enterprises Holdings (BEHL) has entered into an agreement with EQT Infrastructure II (EQT) to acquire German-based EEW Energy from Waste (EEW), for approximately €1.4bn. Expected to be completed during first quarter of this year, the deal is subject to securing an approval under German Foreign Trade and Payments Ordinance. Claimed to be one of […]
Posted in Biomass Energy0 Comments
04 February 2016
Offshore wind has propelled Danish energy company Dong to a record breaking operating profit in 2015 of £1.8billion (€2.35bn) as the company, which posted its results today (Thursday), signalled its intention to shift its focus from oil and gas to renewable. The Danish company said the result “can mainly be attributed to higher production from […]
Posted in Finance0 Comments
04 February 2016
Impax Asset Management has sold 206MW of French and German onshore wind to ERG Renew, renewable energy subsidiary of the Italian multi-energy company ERG Group. However, the terms of the deal have not been disclosed. The London-based investor announced on Wednesday that the move is part of its plans to sell off assets acquired between […]
Posted in Business, Finance, Wind Energy0 Comments
04 February 2016
The UK wind energy industry received a boost yesterday (Wednesday) with the announcement of the world’s biggest offshore wind farm, to be built by Dong Energy 120km off the Yorkshire coast. The project will feature around 150 and 332 wind turbines. The wind farm is being developed with a capacity of 1.2GW and will provide […]
Posted in Green Energy, Renewable Energy, Sustainable Energy, Wind Energy0 Comments
04 February 2016
Energy company SSE has said yesterday (Wednesday) it expects to close three out of four units at its Fiddler’s Ferry coal-fired power plant in Cheshire, England by 1 April, despite gaining a government capacity contract designed to incentivise back-up plants to stay online. The 45-year old plant has been loss-making for two years and was […]
Posted in Fossil Fuels0 Comments
04 February 2016
The energy dependency of the EU stood in 2014 at 53.4%, meaning that the EU needed to import just over half of the energy it consumed in 2014, according to latest figures from Eurostat, the statistical office of the EU. Energy dependency in the EU was higher in 2014 than in 1990, but slightly lower […]
Posted in Uncategorized0 Comments
03 February 2016
The company’s wind assets performed strongly with net sales increasing from SEK 5.2 billion (€558 million) in 2014 to SEK 6.7 billion (718 million) last year. The Swedish outfit’s annual report revealed a jump in annual wind generation to 5.8TWh from 4.1TWh in 2014. Underlying operating profit before depreciation, amortisation and impairment losses (EBITDA) increased […]
Posted in Finance, Wind, Wind Energy0 Comments
03 February 2016
New figures from the European Wind Energy Association (EWEA) revealed a total of 3,019MW of new offshore wind capacity came online in 2015, which means that offshore wind investments in Europe doubled to a record €13.3 billion (£10bn) last year. That brings the total capacity to more than 11GW. Germany (2282MW), the UK (556MW) and […]
Posted in Green Energy, Renewable Energy, Sustainable Energy, Wind Energy0 Comments
03 February 2016
Under the first contract, Siemens will supply and install 36 Siemens D3 direct drive turbines at the 108MW Cloosh Valley wind farm, which is also known as Galway Wind Park Phase 2. The Cloosh project is being developed as part of SSE Renewables’ effort to build a wind farm cluster in Cloosh Valley, near Rosscahill, […]
Posted in Green Energy, Renewable Energy, Sustainable Energy, Wind Energy0 Comments
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