Siemens ups stake to 67.1% to spin-off SGRE into Siemens Energy for the scale to win in wind, says GlobalData
Siemens has bought out Iberdrola’s 8.1% stake in Siemens Gamesa Renewable Energy (SGRE) for a total cost of €1.1bn ($1.2bn), potentially ending a period of acrimony between the two companies and bringing a major customer back into SGRE's fold. This price is equivalent to €20/share – a 32% premium on top of SGRE’s average share price for the last 30 trading days. Gamesa will now own a 32.9% stake in SGRE, with Siemens holding the majority 67.1% stake in the company. In addition, Iberdrola, as...
Wärtsilä gas power plant will facilitate growth of Bangladeshi industrial complex
Mr Jillur Rahim, Managing Director of Wärtsilä Bangladesh Ltd and Mr Shamim Islam, Managing Director of Jamuna Power Ltd, signed the order of a 78 MW power plant from Wärtsilä to Jamuna industrial complex in Bangladesh in November 2019. Image courtesy of Jamuna Power. The technology group Wärtsilä has been awarded to supply a 78 MW engine power plant on a fast-track basis in order to support the growth of an industrial complex in Bangladesh. The order was placed in November by Jamuna Pow...
Skanska builds new commercial office building in the City of London, UK, for GBP 240 M, about SEK 3 billion
Skanska has signed a contract with Great Elm Assets Limited, in association with Old Park Lane Management Limited and their Development Partner CO—RE, to construct the commercial office building 20 Ropemaker Street in Central London, UK. The contract is worth GBP 240 M, about SEK 3.0 billion, which will be included in the order bookings for Europe for the first quarter 2020. The scheme will consist of approximately 39,000 square meters of office space, while 1,100 square meters of retail spac...
Eka Reports 25% Increase in Energy Clients on its Cloud Platform
Germany: Eka Software Solutions, leading global provider of commodity management solutions, announces at E- World Energy and Water 2020 today a significant increase in energy customers in 2019, driven largely by its cloud platform. This growth reflects a seismic shift in the commodity industry as energy businesses move to a more digitized, cloud-based enterprise platform to manage their trading, risk and supply chain operations. As energy markets continue to grow more complex and volatile,...
MDOT Projects Win Awards at Annual Maryland Quality Initiative Conference
Agencies Honored for Planning, Design and Construction Projects in 2019 BALTIMORE, MD – Maryland Department of Transportation (MDOT) projects received 17 awards at the recent Maryland Quality Initiative (MdQI) conference at the Baltimore Convention Center. The MdQI Awards of Excellence recognized project teams and private sector partners for exceptional projects in 2019. MdQI, a consortium of agencies and associations representing Maryland's transportation industry, was founded by MD...
L3Harris Technologies Selected by US Air Force for Artificial Intelligence Contract
MELBOURNE, Fla.- The Air Force Life Cycle Management Center has awarded L3Harris Technologies (NYSE:LHX) a multimillion-dollar contract to develop a software platform that will make it easier for analysts to use artificial intelligence (AI) to identify objects in large data sets. The U.S. military and intelligence community are inundated with massive amounts of data generated by remote sensing systems. Automated searches using algorithms that can identify pre-loaded images of objects makes pi...
Registration is Open for 2020 CFSEI Expo to be Held May 19-20 in Tampa, Florida
WASHINGTON, DC —The Cold-Formed Steel Engineers Institute (CFSEI) is now accepting registrations for the 2020 CFSEI Expo, which will be held May 19-20, 2020 at the Marriott Tampa Water Street, 505 Water Street in Tampa, Florida. This event is designed for architects, builders/contractors and engineers, with an educational program geared toward both skilled cold-formed steel (CFS) framing professionals as well as newcomers. The 2020 CFSEI Expo will also include an exposition featuring state-of-th...
Registration Open for DFI’s SuperPile ‘20 — June 3-5, 2020, St. Louis, Missouri
Hawthorne, N.J. : Registration is now open for SuperPile ’20 taking place June 3-5 at the Hilton St. Louis at the Ballpark in Missouri. Hosted by DFI, in partnership with ADSC, this three-day event includes presentations on the latest developments in augered cast-in-place/drilled displacement piles, drilled shafts, driven piles, helical piles and tiebacks, marine foundations, micropiles, seismic and lateral loads, and testing and evaluation of foundation systems. Presentations will include t...
Terracon Foundation Awards $67,450 in Community and University Grants
OLATHE, Kan. – The Terracon Foundation is pleased to announce the award of $67,450 in community and university grants and scholarships. The Terracon Foundation was established as the community investment arm of Terracon with a goal to reach out and become a real part of the lives of company employees and the communities where they live and work. “We are pleased to award grants to a number of universities in order to provide students with equipment and scholarships to further their educations,...
Wärtsilä Operation and maintenance agreement with major cement producer extended to its 25th year
The technology group Wärtsilä has signed a further four-year extension to its Operation and maintenance (O&M) agreement with Cemex Colombia S.A., one of Colombia’s major cement producers. The continued O&M agreement relationship between Wärtsilä and Cemex Colombia that started in 1998 with a 15-year agreement is one of the longest made by Wärtsilä with an energy customer throughout the company’s history. The latest extension to the end of 2023 was signed in December 2019, marking thus 25 year...
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
TriMet’s Banfield Type 1 Substation Replacement Project
February Issue 2026
