Wednesday 12th March 2014


March 12, 2014

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EWEA: Ukraine crisis a “wake-up call”

The political crisis in Ukraine is a “wake-up call” that shows why European countries must embrace renewables, the European Wind Energy Association’s president has said.

Andrew Garrad said in the opening session of the EWEA conference in Barcelona on Monday that Russia’s invasion of Ukraine shows how reliant Europe is on Russian fossil fuels; and that growing the wind sector would help reduce that dependence.

He said one way to help grow the sector was with tougher 2030 renewable energy targets.

EWEA has criticised the European Commission’s proposed 27% Europe-wide target, and said it instead needs a 30% target that is legally binding for each individual country.

GE reveals 213MW European orders

General Electric has revealed European deals totalling 212MW, including a 110MW order to supply eight German wind farms.

The manufacturer will supply 44 of its 2.5-120 turbines to eight projects in the country. Most of the orders come through framework deals with Juwi and Pfalzweke, but it also agreed smaller deals with Abo-Wind and Max Bogl Wiesner.

GE is also set to supply turbines totalling 77MW to three projects in northern France; 16MW to Scotland’s Langhope Rig; and 9.6MW to Sweden’s Erikshester Wind Farm. The firm is targeting growth in Europe to reduce its reliance on the US.

Northland agrees C$600m credit deal

Northland Power has extended its credit facility to C$600m (£324m) in a deal that enables it to complete its investment in the 600MW Gemini offshore project.

The Canadian firm has increased the facility by C$350m (£189m) after reaching an agreement with a syndicate of financial institutions led by Canadian Imperial Bank of Commerce and the Bank of Montreal.

Northland holds a 60% stake in Gemini, which is 85 miles from the Dutch coast and set to complete in 2017. It is is working on the project with Dutch firm Typhoon Offshore.

Dong appoints Andersen as chairman…

Dong Energy has announced that Thomas Thune Andersen will join the company as chairman in July.

Andersen is currently chairman at Lloyd’s Register, and a board director at Scottish & Southern Energy, Petrofac and VKR Holdings. He has to leave SSE before he becomes chairman at Dong because the companies have a wind energy partnership.

He is due to officially resign from SSE at a general meeting on 17 July 2014, and is set to take up the Dong role soon after.

…as subsidiary A2SEA grows profits

The launch of its Sea Installer vessel helped A2Sea boost profits to DKr276.5m (£31m) in 2013, but the company expects this to drop in 2014.

The Danish offshore installation specialist, which is a subsidiary of Dong Energy, reported the profit on 2013 sales of DKr1.2bn (£136m), up from a 2012 profit of DKr92m (£10m) on sales of DKr1.1bn (£127m).

It attributed its profitability to involvement in major projects such as RWE’s 576MW Gwynt y Mor, but expects a drop in 2014 as it is working on fewer projects under construction.

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