- Category: Company News
The LM Glasfiber Group generated revenue of DKK 2,260 million in 2004, which is an increase of 32% relative to 2003. Earnings before interest, taxes, depreciation and amortisation and special items (EBITDA) amounted to DKK 520 million, up from DKK 343 million in 2003. Profit before tax amounted to DKK 24 million against a loss of DKK 300 million in 2003. Operating activities generated a cash inflow of DKK 295 million compared with DKK 111 million in 2003. The financial performance is slightly better than the guidance provided during the year. For 2005, the group forecast an increase in revenue of 0–5% to between DKK 2,260 and 2,375 million, and a pre-tax profit between DKK 100 and 110 million. The Supervisory Board of LM Glasfiber Holding A/S discussed the company’s audited financial statements for 2004 on 10 March 2005 and recommended that the financial statements be adopted at the Annual General Meeting to be held on 28 April 2005.
- Category: Company News
Over the past decade, Econnect has carved out a niche market in the renewables industry for its consultancy business. Econnect has for some time been responding directly to the needs of the market by undertaking a turnkey design and build role for four wind farms and two landfill gas sites. Its most recent project is Airtricity’s 72.4MW Meentycat wind farm in Donegal, Ireland, which was taken over by Airtricity on 16 February 2005. It was originally known as the Donegal Cluster, and consisted of five interconnected wind farms. Econnect had full responsibility for the electrical distribution system including the laying, termination and testing of 75km of cables between the wind farm turbine generators and the newly constructed substation. On 1 March 2005 another subsidiary within the Econnect Group of companies, Econnect Construction Limited, was launched. With Paul Glendinning at its helm, Econnect Construction will be a ‘one-stop-shop’ for turnkey electrical infrastructure services for renewable energy projects. Econnect Construction offers clients numerous benefits by acting as the single point of responsibility for the electrical works, offering a comprehensive range of onshore and offshore capabilities. Econnect Construction Limited completes the Econnect Group of companies, which includes Econnect Limited, Econnect Australia Pty Ltd and Econnect Ireland.
- Category: Company News
On 6 January 2005 a court in the Netherlands declared Zephyros BV bankrupt. Last November the company had opened a new production facility in Den Helder, the Netherlands. They had orders from Finland and Japan to produce 22 turbines. Also in November 2004 it was announced that the Japanese companies Japan Steelworks and project developer Harakosan were interested in investing in the company and possibly acquiring all shares of the company in the future. At that time Zephyros’ debts were around € 14 million.
- Category: Company News
MacArtney A/S, Denmark, has announced that Mike Sawkins has joined its sales department. Mike is located in the UK, but will be working worldwide from the headquarters in Denmark. Mike will be Product Manager for the DIDSON, acoustic cameras and Ocean Science products. Mike brings with him 32 years of experience in this industry.
MacArtney Norge AS, with headquarters in Stavanger, has announced that Rune Kvamme has joined the sales department. Rune is located at the Bergen office and will be providing services for new customers in that region, primarily within connectors, cables and terminations.
MacArtney Offshore Inc. has announced the following appointments at their Houston office. Paul Bereznak takes up the position as Workshop Manager from 1 January 2005. He will be replacing Flemming Jorgensen who returns to the MacArtney Group headquarters, MacArtney A/S, Denmark, after spending the last 3 years in Houston.
- Category: Company News
NRG Systems, Inc., manufacturer of wind assessment systems for the global wind energy industry, celebrated the grand opening of its new 46,000 square foot (more than 4,000 m2) manufacturing facility and office building with an open house in October. The US$ 8 million building, located in Vermont, is powered primarily by renewable energy and features the latest in energy efficiency technology and green building design.
- Category: Company News
Wind Prospect Pty Ltd has scored an Australian record with the most megawatts of wind power approved in the country in 2004. The recent approval of 260MW for the Hallett Wind Farm development in South Australia brings the total to 520MW for Wind Prospect for the year, by adding to the 260MW of its recent Barunga Wind Farm go-ahead, 90MW of which was approved on behalf of a client. Located on farmland in South Australia’s mid-north region, the Hallett development will consist of at least four wind farms with up to 45 turbines on each, making 130 turbines in total. Those recently approved are the Brown Hill Range, the Bluff Range, Willogoleche Hill and Hallett Hill Wind Farms. The energy supplied by the turbines will enable around 130,000 houses to have their domestic power needs sourced from clean, green electricity.