- Category: Company News
The AREVA group has announced that it has purchased a 21.1% stake in REpower. REpower employs 558 people and posted revenues of € 301 million in 2004. This acquisition reinforces AREVA’s strategic position in CO2-free generation and electricity transmission and distribution. REpower offers sales and industrial synergies with AREVA’s Transmission and Distribution division. AREVA will provide REpower with the resources it needs to develop in terms of financial support and its knowledge of utility customers and grid managers.
- Category: Company News
EU Energy plc has announced that an agreement has been entered into by EU Energy Wind Limited and Beizhong Steam Turbine Generator Co. Ltd (BSTG) of Beijing, China, for the non-exclusive licensing of the DeWind D8 2000MW wind turbine. BSTG’s access to wind farm projects will ensure DeWind technology plays a role in meeting the enormous demand in the growing Chinese market.
- Category: Company News
Western Windpower is among the world’s leaders in wind monitoring solutions. Its business was born in 1992 in the beginnings of the wind industry in the UK. From those early days working in extreme conditions in Scotland, the company’s business now has a global customer base. To reflect the growth and the international nature of its business, Western Windpower has now been relaunched as Nexgen. Its commitment to continuous innovation remains and Nexgen is working to develop the next generation of wind monitoring solutions. Its latest product is the 70 metre HiMast, meeting all European standards, yet still embodying the company’s ‘leave only footprints’ approach. Nexgen has also expanded its team of technical specialists to develop its range of support services and it can offer a range of solutions.
- Category: Company News
In order to secure its German production sites, REpower Systems AG is planning to introduce cost saving measures as part of the “RE-Act” restructuring programme which are targeting a reduction in personnel costs. In pursuit of this objective, the Board of Management of REpower Systems AG has developed a proposal in cooperation with the union representatives during intensive wage negotiations. However, the union has refused to approve significant aspects of the proposal. Following further negotiations at operational level with the works councils at the REpower locations at Husum (Schleswig Holstein) and Trampe (Brandenburg), an agreement was reached at Trampe that provides for a temporary increase in the working week to 41,5 hours as well as a temporary wage reduction for all employees, which is to be realised by reducing the 13th month salary during 2005 and 2006. In return, staff has been issued with guarantees of employment until 31 December 2007. This agreement will now be submitted for approval at the other locations.
- Category: Company News
Thorsten Kramer, a graduate engineer, has been appointed to the management of Nordex Energy GmbH with effect as of September 1, 2005. Aged 42, the mechanical engineering expert will be in charge of service for all Nordex wind turbines around the world. Nordex Energy GmbH is a wholly owned subsidiary of Nordex AG. Thorsten Kramer has more than 13 years of management experience, which he gained at the globally active Schindler Group. Most recently, he was in charge of the Service division at group member Haushahn.
- Category: Company News
In the first half of fiscal 2005 (January 1 - June 30), the Nordex Group registered a sharp increase in order receipts over the previous year. Order receipts rose by around 38 percent to € 157.5 million (previous year: € 113.9 million). In the first half of the year, operating loss before tax, interest and exceptionals contracted by around 21 percent to € 9.3 million (previous year: € 11.7 million) thanks in particular to the increase in capacity utilization in the second quarter. Operating loss in the second quarter stood at € 2.1 million (previous year: € 6.5 million). In June, the month in which the greatest revenues were generated, Nordex broke even at the operating level with profit of € 2.1 million (previous year: loss of € 2.7 million). Turning to fiscal 2005 as a whole, Nordex projects order receipts of over € 300 million (previous year: € 237 million) and revenues of a total of € 280 million (previous year: EUR € million). Thanks to the favorable capacity utilization, the company should post operating profit in the second half of 2005. On the basis of its current cost structure and revenues of € 75 million per quarter, Nordex expects to break even at the operating level. Management reaffirms its target of a further reduction in operating loss to around € 2 million in fiscal 2005 as a whole.
- First half of 2005 for LM Glasfiber
- Early reappointment of Board members Vahrenholt and Schubert
- Partnership Schneider Electric and CEDRAT
- New Nordex Supervisory Board goes for continuity
- Half-Year results REpower Systems
- CTE creates a special department for wind turbines
- 3E Information Development & Consultants
- Bladt Industries wins contract for offshore wind project in the Netherlands
- Allianz to invest € 300–500 million in renewable energy
- Vestas evaluates purchase of assets from supplier of generators
- Vestas establishes a blade factory in China
- Vestas establishes nacelle assembly factory in Spain
- LM Glasfiber appoints new interim CEO
- Acquisition DeWind completed
- Vestas to build a large research and development centre
- Vestas opens office in Austria
- Gamesa purchases Fundición Nodular del Norte
- The A2SEA Group invests in next generation vessel
- Global Marine and SMIT announce cooperation agreement
- Nordex with a muted start to the new year
- Metso Drives continues as Moventas
- GE Energy’s wind unit expected to exceed US$ 2 billion in revenue
- First quarter figures of REpower Systems
- LM Glasfiber builds wind tunnel for testing rotor blade
- Nordex: non-cash capital increase now effective
- Annual general meeting of LM Glasfiber Holding
- Nordex achieves earnings increase in stub fiscal year 2004
- Novera Energy joins UK wind energy venture
- Nordex takes on N90 wind turbine blade production
- ESAB equipment chosen for new wind tower manufacturing plant