Eni moves Dogger Bank stake to offshore wind JV with HitecVision
Jun 30, 2022 16:51 CEST(SeeNews) - Sep 7, 2012 - Ole Enger, CEO of Norwegian Renewable Energy Corporation ASA (OSL:REC), or REC, expects a recovery in the solar sector and forecast black figures for his company in 2013.
This and part of next year will be marked by excessive capacity and pricing pressure but the demand is growing, he told German paper Financial Times Deutschland in an interview published today.
REC booked in 2011 a net loss of about NOK 10 billion (USD 1.74bn/EUR 1.35bn). The company has completely discontinued its production in Europe and focused on its factories in USA and Singapore.
Enger said that REC is well positioned to compete even with Chinese prices. It completed its refinancing talks with banks and investors and will survive the hard times, the CEO said.
Enger is confident that the market will grow and does not exclude a capacity expansion at its company.
(NOK 1.0 = USD 0.174/EUR 0.136)
Eni moves Dogger Bank stake to offshore wind JV with HitecVision
Jun 30, 2022 16:51 CESTWpd joins Australis to co-develop 1.4 GW of Aussie offshore wind
Jun 30, 2022 16:36 CESTBoralex commissions 53 MW of onshore wind capacity in France
Jun 30, 2022 16:14 CESTEgypt's Elsewedy secures USD 150m for solar projects
Jun 30, 2022 15:45 CESTHydrogenPro to deliver 220 MW of electrolysers for ACES project in Utah
Jun 30, 2022 15:41 CESTLong-duration storage firm Energy Dome secures USD 11m in bridge funding round
Jun 30, 2022 15:00 CEST