HOUSTON: Helix Energy Solutions Group Inc (HLX.N) on Wednesday reported a third-quarter profit of $22.1 million, or 15 cents per diluted share, reversing a loss of $2.6 million in the prior quarter, as robust performance in its Robotics and Shallow Water segments offset offshore headwinds. The Houston-based offshore energy services firm posted adjusted EBITDA of…
Tag: Renewables
Boom Logistics delivers strong FY25 result, driving EPS growth and shareholder returns
SOUTHBANK: Boom Logistics Limited (ASX: BOL) reported a robust full-year result for FY25, with operating earnings per share (EPS) surging 38% to 22 cents, underpinned by strategic fleet renewal, disciplined cost controls, and strong project activity in renewables and transmission lines. Revenue rose 2% year-on-year to $265 million, while EBITDA climbed 9% to $50 million….
Aperam reports lower earnings and shipments in 2023 amid market crisis
AMSTERDAM: Aperam, a leading global stainless steel producer, announced its results for the full year and the fourth quarter of 2023, showing a decline in earnings and shipments due to the challenging market conditions. The company reported an adjusted EBITDA of EUR 304 million in 2023, compared to EUR 1,129 million in 2022, a decrease…
Magnora ASA is acquiring 92% stakes in African Green Ventures
OSLO, NORWAY: Magnora ASA is increasing its focus in the South African solar and wind market by acquiring 92% of the renewable project development company African Green Ventures (AGV). The remaining 8% will be owned by AGV management. Simultaneously, Magnora is selling all its shares in Vindr AS to its founders and discontinues the development…
Ignitis grupė to form subsidiary in Latvia
LONDON, UK: Management Board of AB Ignitis grupė has approved the decision to establish a new subsidiary of UAB “Ignitis renewables” in Latvia. Latvia is a strategically important market to the Group, which is growing its Green Generation portfolio consistently. On 13 August 2021 the Group announced about the acquisition of three wind farm projects…
AC Energy to setup 70MWp solar farm in India
SINGAPORE: Ayala Corporation’s energy arm, AC Energy, continues to expand its renewables business in India with the development of the 70 MWp (50 MWac) Paryapt Solar through UPC-AC Energy Solar, the company’s joint venture with UPC Solar Asia Pacific. The estimated US$36 million facility is expected to start power generation in the first half of…
AC Energy acquires 12.82% stake in Infigen Energy for AUD 90.4 million
SINGAPORE: AC Energy Inc, a wholly-owned subsidiary of Ayala Corporation, through its affiliate UAC Energy Holdings Pty Ltd, has directly and indirectly acquired a 12.82% stake in Infigen Energy Limited for AUD 90.4 million. Infigen is a renewable energy developer, generator, and retailer listed on the Australian Securities Exchange that owns and operates 670MW of…