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Member news AVA Energy looks at Nordex sale to RWE
After Nordex announced its agreement to sell most of its project development pipeline to RWE for €402.5m, shares in Nordex jumped nearly a quarter. There has been speculation about what this sale means for both parties with a trader reporting that it might be ‘a win-windeal.’ AVA Energy, a global energy recruitment agency, looked at the sale and what this could mean for the industry, RWE and Nordex. This sale increases the market share for RWE as RWE profits adding strong capacity to its European core business. This will also lead to an increase in share values for RWE. RWE shares have now more than recouped all this year’s earlier losses and are trading about 22% higher than at the beginning of the year. Overall, this sale could accelerate growth for RWE in the long term. Nordex SE is set to focus on developing onshore wind projects outside Europe after it agreed to sell its renewable energy project portfolio to RWE AG. As a part of its value chain offering in some markets, the Nordex Group develops its own portfolio of wind farm projects, which are then sold onto customers or investors. The company said it would continue with its wind developments in its other markets. Nordex will continue to sell wind turbines in Europe alongside the new focus. AVA Energy is a global energy recruitment consultancy and manpower provider. Headquartered in London, UK, AVA Energy operates across all energy markets.
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For more information: www.avaenergy.com
EnerMech targets high value energy contracts
ENGIE Fabricom wins prestigious RoSPA award
Based in the UK, Mr Compston will be responsible for driving the strategy, pursuit and delivery of multi-million pound contracts with a focus on the global defence, renewables, integrity management and infrastructure markets.
Operating from five sites across the UK – including Grimsby, Immingham, Lowestoft, Stokesley and Middlesbrough – the firm has achieved a patron’s award for outstanding performance in health and safety at work in the annual scheme run by the Royal Society for the Prevention of Accidents (RoSPA).
EnerMech has appointed James Compston as strategic sales director in a drive to ramp up activities in the international energy and infrastructure sectors.
Adding James Compston to our management team provides us with a very strong hand in developing our existing relationships with key global clients and for exploring new opportunities. Christian Brown, Chief Executive Officer, EnerMech
Since 2013, Mr Compston was senior vice president of business development at SNC-Lavalin incorporating since 2017, WS Atkins. He also spent 13 years with PwC where he led non-audit services to clients including global operators, oilfield services, engineering and construction. Working with EnerMech’s Chief Development Officer, Behzad Kazerani, and reporting directly to CEO Christian Brown, he will work alongside John Grover who is based in Dubai and holds the same remit for developing EnerMech’s business in the eastern hemisphere.
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For more information: https://enermech.com/
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ENGIE Fabricom has been awarded an internationally recognised Occupational Health and Safety Award.
This highly acclaimed award for ENGIE Fabricom comes in recognition of the company receiving this accolade year on year with now 27 consecutive golds as it continues to achieve exemplary health and safety standards. Established in 1956, The RoSPA Health & Safety Awards is the longest-running industry awards scheme in the UK. The awards allow organisations to benchmark safety performance each year and ensure performance and safety standards between companies are consistent and accidents are prevented. ENGIE Fabricom is part of the global energy group ENGIE, a 150-yearold energy and services provider with 150,000 employees operating across the world. The business provides a complete turnkey solution from project concept to completion across sectors including renewables, oil and gas, power, chemical and energy from waste. With over 43 years’ experience in high level engineering and construction the business employs 1000 highly skilled employees.
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For more information: https://engie-fabricom.co.uk/
