Search Site

Trends banner

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Petrofac shares surge

As per the agreement, Petrofac will deploy systems connecting offshore wind farms to the Dutch grid. (Twitter)
  • European electricity grid operator TenneT awarded the pair multi-year projects to expand offshore wind capacity in the Dutch-German North Sea.
  • Shares in Petrofac soared 58% to 77.5 pence after the group's outgoing CEO Sami Iskander said the deal would "deliver affordable clean energy for millions of European homes".

London, United Kingdom – Shares in British energy infrastructure group Petrofac soared Thursday after it and Hitachi Energy secured a multi-billion-euro deal to expand offshore wind capacity in the Dutch-German North Sea.

European electricity grid operator TenneT awarded the pair multi-year projects worth 13 billion euros ($14.1 billion), Petrofac announced in a statement.

Shares in London-listed Petrofac soared 58 percent to 77.5 pence after the group’s outgoing chief executive Sami Iskander said the deal would “deliver affordable clean energy for millions of European homes”.

The framework agreement includes an initial commitment to deploy systems connecting offshore wind farms to the Dutch grid and the sixth to the German grid.

“By combining Petrofac’s… expertise and Hitachi Energy’s well proven technology, we look forward to supporting TenneT to connect larger, more effective wind farms,” Iskander added.