Space Travel News  
WIND DAILY
Essen, Germany wins greenest city honors
by Daniel J. Graeber
Washington DC (UPI) Jan 20, 2017


Renewables a big boost for GE's profits
Fairfield, Conn. (UPI) Jan 20, 2017 -Gains in the renewable energy sector and deals in exploration and production helped boost fourth quarter profits substantially, General Electric said Friday.

GE said its earnings during the fourth quarter increased to about $3.5 billion, against the $2.6 billion reported during the same period last year. By sector, the company's renewable energy sector saw total revenues increase 29 percent to $2.5 billion.

"We executed on our 2016 goals and continued to drive growth across our businesses," Chairman and CEO Jeff Immelt said in a statement.

On the renewable energy front, the company announced at least $1.6 billion in acquisitions of wind power rivals and realized billions of dollars more in onshore wind orders in the United States alone. Last year, the company put its wind energy sector footprint on display at the Block Island wind farm, which became the first offshore wind farm in commercial service in the United States.

Outside of North America, the company committed to collaborating with Italian energy company Eni on a wide range of projects tied to low-carbon power options like solar power and wind. In British waters, GE said there's already $25 million committed to tidal power.

GE's oil and gas business has built up its position through acquisitions so that it's now one of the stronger divisions within the parent company. A marine division of GE last year said it would work with Danish energy company Maersk Drilling on a pilot program to use advanced digital technology for drilling operations. The collaboration with Maersk came less than a month after the oil and gas division of GE acquired a 62.5 percent stake in oilfield services company Baker Hughes.

The exploration and production side of the global energy turned south last year on the back of lower crude oil prices, though the market has recovered since the Organization of Petroleum Exporting Countries coordinated a deal to offset market strains.

On oil and gas, however, GE reported total revenues for the fourth quarter were 22 percent lower year-on-year.

The city of Essen in German was honored with a green-city award by a European body for transforming itself from a steel to an environmental leader.

"This award is recognition of Essen's great efforts to establish itself as a city in transformation; overcoming a challenging industrial history to reinvent itself as a green city," Essen Mayor Thomas Kufen said in a statement. "We strive to be a leading example for other European cities in finding sustainable solutions to urban challenges."

Essen received the 2017 Green Capital Award from European government bodies for transforming itself from a coal and steel industrial leader to one of the greenest cities in the region.

According to European data, Essen has not had any landfill or domestic waste in decades and nearly all of the city's population lives at most three city blocks away from a green urban space. For future goals, the city aims to reduce car travel, a main contributor to greenhouse gas emissions, by 29 percent by 2035 and create 20,000 jobs in the environmental sector by 2025.

The European government said Essen is a model for sustainable urban development for the rest of the region.

"I congratulate Essen on becoming European Green Capital 2017 and making the city a healthier place to live in," European Environment Commissioner Karmenu Vella said. "The impressive transformation from coal and steel industry to the greenest city in North Rhine-Westphalia is proof of Essen's successful structural change."

Germany as a whole has one of the greener economies in Europe. Last year, Austrian energy company OMV announced an initiative in Germany, which envisions 400 hydrogen filling stations for alternative vehicles by 2023. The country is already one of the European leaders in wind energy development. German utility group RWE, meanwhile, said it would work with port officials to create infrastructure to fuel vessels with cleaner-burning liquefied natural gas.

In the wake of Japan's nuclear disaster in 2011, German Chancellor Angela Merkel ordered eight of the country's 17 nuclear reactors closed by the end of that year and a total shutdown by 2022.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Wind Energy News at Wind Daily






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
WIND DAILY
DNV GL certifies new prototype of Siemens' 8 MW Offshore Wind Turbine
Hamburg, Germany (SPX) Jan 18, 2017
DNV GL has assessed the market's new offshore turbine in development and awarded Siemens Wind Power with the Prototype Certificate for its 8 megawatt (MW) offshore wind turbine SWT-8.0-154. The prototype certification confirms all relevant safety features on the turbine according to the Danish Executive Order BEK 73:2013 and IEC 61400-22, allowing installation of the prototype to demonstrate its ... read more


WIND DAILY
Russia to face strong competition from China in space launch market

Vega And Gokturk-1A are present for next Arianespace lightweight mission

WIND DAILY
Opportunity Continues Its Journey South Along Crater Rim

New Year yields interesting bright soil for Opportunity rover

HI-SEAS Mission V crew preparing to enter Mars simulation habitat

Hues in a Crater Slope

WIND DAILY
Eugene Cernan, last man to walk on moon, dead at 82

The moon is older than scientists thought

New map of the Moon under creation in China

How the Moons That Came Before Collided to Form the Moon

WIND DAILY
Lowell Observatory to renovate Pluto discovery telescope

Flying observatory makes observations of Jupiter previously only possible from space

How a moon slows the decay of Pluto's atmosphere

York U research identifies icy ridges on Pluto

WIND DAILY
Looking for life in all the right places with the right tool

Could dark streaks in Venusian clouds be microbial life

VLT to Search for Planets in Alpha Centauri System

Hubble detects 'exocomets' taking the plunge into a young star

WIND DAILY
Ruptured oxidant tank likely cause of Progress accident

Next Cygnus Mission to Station Set for March

Japan aborts mini-rocket mission shortly after liftoff

SpaceX launches, lands rocket for first time since Sept blast

WIND DAILY
China's first cargo spacecraft to leave factory

China launches commercial rocket mission Kuaizhou-1A

China Space Plan to Develop "Strength and Size"

Beijing's space program soars in 2016

WIND DAILY
How the darkness and the cold killed the dinosaurs

Successful Deep Space Maneuver for NASA's OSIRIS-REx Spacecraft

NASA's Newly Announced Mission Could Solve the Mystery of Water on Asteroid Psyche

Asteroid sleuths go back to the future









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.