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X @The Economist
The Economist· 2025-08-29 12:00
The Trump administration has ordered Orsted to stop work on a $4bn offshore-wind project. How precarious is the Danish giant’s financial position? https://t.co/zz4fhbDIKu ...
European Energy A/S: H1 2025 report
Globenewswire· 2025-08-29 07:00
Financial Performance - European Energy reported a record-high H1 EBITDA of EUR 93 million and a last 12 months EBITDA of EUR 239 million, driven by strong project sales performance [5] - The outlook for 2025 is maintained at EUR 200-300 million, although the likelihood of achieving the lower half of this range has increased due to below-expectation power sales performance and potential delays in project sales [5] Power Sales and Project Divestments - Gross profit from power sales reached EUR 33 million, reflecting a 20% year-over-year increase, with 1,063 GWh produced, a 4% increase year-over-year [5] - The company successfully divested 8 projects totaling 1.2 GW across 3 transactions, generating EUR 99 million in gross profit, up from EUR 3 million the previous year, with an average realized gross profit margin of 24% [5] Financial Position and Construction Activity - As of H1 2025, the company had liquidity of EUR 235 million, consisting of EUR 138 million in cash and EUR 97 million in undrawn committed credit facilities, ensuring robust financial flexibility [5] - The highest construction activity ever was recorded, with 1.7 GW of projects under construction, including 1,380 MW of solar, 147 MW of wind parks, and 137 MW of PtX/BESS across 35 sites in eight European countries and Australia [5] Advancements in Projects - The Kassø e-methanol facility, the world's first large-scale commercial e-methanol facility, was officially inaugurated in May after producing its first e-methanol in March [5] - European Energy has made the Final Investment Decision to expand the Måde Green Hydrogen production site, with the addition of an electrolyser unit currently underway [5]
大唐发电等成立新公司 含新兴能源技术研发业务
Xin Lang Cai Jing· 2025-08-29 01:13
Group 1 - Recently, Datang Jiantou (Weixian) New Energy Co., Ltd. has been established, with Wang Yuchun as the legal representative [1] - The company's business scope includes project management services, contract energy management, emerging energy technology research and development, and energy storage technology services [1] - The company is jointly held by Datang Power and other stakeholders [1]
X @Bloomberg
Bloomberg· 2025-08-28 22:04
Supersized offshore wind turbines are helping China extend its clean energy lead, even as rising costs and political opposition hold back projects in Europe, the US and Japan. https://t.co/EKaVgUsELs ...
VivoPower Expands Partnership with Crypto.com with Shareholder Benefits Program
Globenewswire· 2025-08-28 12:45
Core Insights - VivoPower International PLC has expanded its partnership with Crypto.com to launch a shareholder benefits program, allowing shareholders to receive a $100 bonus in XRP tokens upon signing up as new users [1][2] - The initiative builds on a custody partnership first announced on August 12, 2025, indicating a strategic shift towards digital assets [1][3] Company Overview - VivoPower is transitioning into an XRP-focused digital asset enterprise, aiming to acquire, manage, and hold XRP digital assets as part of a diversified digital treasury strategy [3] - The company operates globally, with a presence in regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia, and is recognized as a sustainable energy solutions B Corporation [4] Business Units - VivoPower has two main business units: Tembo, which focuses on electric solutions for ruggedized fleet applications, and Caret Digital, which is dedicated to renewable power use cases, including digital asset mining [4]
PowerBank Advances 3.16 MW Honesdale Project in Pennsylvania
Prnewswire· 2025-08-28 12:00
Core Insights - PowerBank Corporation has announced the progression of its 3.16 MW Honesdale ground-mount solar project in Pennsylvania, which is expected to power 370 homes [1][2] - The project aligns with PowerBank's strategic focus on community solar, aiming to provide clean and affordable energy to a diverse range of residents [2][4] - The development is contingent upon the approval of House Bill 1842, which facilitates community solar projects in Pennsylvania [3][4] Company Overview - PowerBank Corporation is an independent renewable energy project developer focusing on distributed and community solar projects in North America [6] - The company has completed over 100 MW of projects and has a development pipeline exceeding 1 GW [4][6] - PowerBank aims to maximize returns through a diverse portfolio of projects, including utility-scale and community solar initiatives [6] Legislative Context - House Bill 1842, passed by the Pennsylvania House, enables the development of community solar projects, which is crucial for PowerBank's expansion in the region [3] - The bill is currently under review by the Senate, and its final approval is necessary for the project's advancement [3] Market Position - PowerBank's expertise and strategic partnerships position it to deliver reliable renewable energy solutions [4] - The company is focused on maximizing the impact of its projects through institutional-grade development capabilities [4]
Daqo New Energy Q2 Earnings: Will Win The War Of Attrition (Rating Upgrade)
Seeking Alpha· 2025-08-27 18:45
Core Viewpoint - Daqo New Energy Corp. reported disappointing Q2 results, which were anticipated due to the prevailing macroeconomic conditions [1] Financial Performance - The company's Q2 results were not good but aligned with market expectations given the economic environment [1] Investment Strategy - The company is viewed as a long-term investment opportunity, with a focus on a 5-10 year horizon, emphasizing a portfolio mix of growth, value, and dividend-paying stocks [1]
Houston American Energy Corp. to Break Ground at Cedar Port in Q4 with Corvus Construction
Globenewswire· 2025-08-27 12:30
Core Viewpoint - Houston American Energy Corp. (HUSA) has appointed Corvus Construction Company as its design and construction partner for the development of a plastics recycling facility and the Abundia Innovation Center in Baytown, Texas, marking a significant step in HUSA's commitment to renewable energy and low-carbon fuels [1][2][5]. Company Overview - Houston American Energy Corp. is an independent energy company with a diversified portfolio in both conventional and renewable energy sectors, actively expanding into high-growth segments [5]. - The company recently acquired Abundia Global Impact Group, which specializes in converting waste plastics into low-carbon fuels and chemical feedstocks, reflecting its commitment to sustainable energy solutions [5]. Project Details - The Abundia Innovation Center will serve as a platform for validating new technology solutions in the renewable energy sector, while the recycling facility will convert plastic waste into renewable fuels and chemical products [2]. - The project will be executed under a Design-Build Agreement, with Corvus delivering a state-of-the-art research and development facility and an energy-efficient office [2][4]. Partner Profile - Corvus Construction Company is a family-owned general contractor known for its high-quality construction services and a strong reputation in the Houston area [4]. - The company has extensive experience in institutional industrial projects and is recognized for delivering projects ahead of schedule and within budget [4]. Strategic Vision - HUSA aims to be a leader in the low-carbon fuels sector by fostering collaborative innovation through the development of the Abundia Innovation Center and the recycling facility [2][3].