|
Latest Issue
 |
Login
- Category: Company News
Novera Energy Ltd has formed a joint venture with Scottish firm Renewable Energy Development Group Ltd (RED) to co-develop wind energy sites in Scotland and northern England. Novera chairman Don Stammer said most of the sites have already secured binding land option agreements, making them a valuable development portfolio for the company. He said the joint venture’s initial development portfolio has the potential to deliver more than 200MW of new wind power capacity over the next three to four years. At the successful completion of each project, the site may be offered for sale to Novera Macquarie Renewable Energy (NMRE), the 50:50 joint venture established by Novera Energy and Macquarie Bank in December 2004. Securing the sites enhances Novera’s growing project development portfolio, creating a sizeable number of wind projects in the pipeline in the UK. Shares in the renewable energy company jumped US$ 3.5 cents or 12.5% to US$ 31.5 cents.
- Category: Company News
Nordex is bringing blade production for one of their top wind turbines in-house. After the completion of intensive testing, the company is beginning the internal production of rotor blades (NR 45) for its N90 2.3MW turbine. Nordex has developed a new blade design, where the load-bearing structure is separate from the aerodynamic cover to optimise the blade properties. This differential construction method is also used in the aircraft industry. The main advantage is the low weight of the blade, something that has a positive effect on operating loads and thus the availability of the system as a whole. The vacuum injection method tested with smaller components over the past two years is now being used for all components of the NR 45. This method involves placing the glass fibre in a vacuum so that the structures can absorb the resin. In addition, Nordex is employing a new coating method that has proved to be highly weather-resistant in practice. For this purpose, only polyurethane is used as a basis.
- Category: Company News
ESAB Welding and Cutting Products has been selected by Aerisyn LLC to supply all the cutting, assembly, welding and material handling equipment for North America’s first automated wind tower production facility. Aerisyn, a Wisconsin based alternative energy company, is currently modifying an existing manufacturing plant in Chattanooga, Tennessee. The plant is expected to be in full production by August 2005. ESAB was instrumental in assisting with the plant layout and material flow design. This will be the first installation in North America of the ESAB automated assembly. This massive system includes head and tailstock clamping fixtures, with a powerful hydraulic fit-up jig.- Category: Company News
Siemens is expanding its business in industrial drive technology by acquiring Flender Holding GmbH, Germany. The deal was closed by Siemens and the seller, Citigroup Venture Capital (CVC) Equity Partners, London. The purchase price amounts to € 1.2 billion. The transaction is subject to the approval by the responsible anti-trust authorities. The activities of Flender Holding GmbH are to be integrated into the Siemens Automation and Drives Group (A&D) as its eleventh division.
- Category: Company News
The Supervisory Board of REpower Systems AG decided on a reduction of their Management Board from five members to three as part of their REact restructuring programme at an extraordinary meeting on 6 April 2005. The Supervisory Board had already approved a restructuring plan devised by a business consultancy at their meeting of 16 March 2005. The tasks of the Management Board will thus in future be carried out by Prof Dr Vahrenholt as Chairman of the Board (CEO), Pieter Wasmuth as Finance Manager (CFO) and Matthias Schubert as Manager of Operating Business (COO).
- Category: Company News
The Boards of Crompton Greaves Ltd, an industrial conglomerate based in India, and Pauwels Group, a transformer manufacturer with headquarters in Belgium, have voted in favour of a strategic merger of their organisations in pursuit of future profitable growth through increased global competitiveness and the joint development of fully integrated solutions. To achieve this strategic objective, Crompton Greaves has offered to acquire all of the share capital of Pauwels Contracting NV, the holding company of the Pauwels Group, in a transaction that should be completed by the end of April 2005.
- Subscription ratio required for Nordex AG recapitalisation achieved
- LM Glasfiber adjusting production capacity
- Gleitz named to head GE Energy’s wind segment
- Recapitalisation approved by Nordex AG’s shareholders
- Research grant for wind turbine manufacturer
- LM Glasfiber announces financial results for 2004
- Launch of Econnect Construction
- Zephyros BV declared bankrupt
- New staff appointed at MacArtney
- NRG holds grand opening for new building
- Wind Prospect’s megawatt record
- DeWind back in business
- REpower revises earnings forecast for 2004
- Change in the board of management of Vestas Wind Systems A/S
- Nordex’s 2003/04 financial statements on target
- New president and CEO of NRG Systems
