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New Capacity Lifts DONG Energy’s Wind Division

first_imgDONG Energy has recorded a 32% increase in earnings from operating offshore wind farms in the first half of 2017 as compared to the same period a year earlier.Power generation from offshore wind increased by 34%, to 3.9TWh in H1 2017, as a result of newly constructed and commissioned offshore wind farms in Germany and the UK – the 258MW Burbo Bank Extension and the 582MW Gode 1 and 2. Offshore wind power accounted for 45% of the company’s total power generation.The 573MW Race Bank offshore wind farm in the UK produced its first power during the period as well.Revenue in the company’s Wind Division stood at DKK 10.9 billion (EUR 1.5 billion) in the first half of 2017, with gross investments reaching DKK 5.9 billion.The division’s underlying operating profit (EBITDA) for the period was DKK 6.3 billion, as compared to DKK 5.2 billion reported in H1 2016.Wind conditions were close to the norm in the first half of 2017, DONG said, and the availability of offshore wind farms was high, resulting in solid earnings from the company’s existing wind farms.Following the agreement to divest 50% of the company’s ownership interest in the German offshore wind farm Borkum Riffgrund 2 in 2017 instead of in 2018, DONG raised its 2017 EBITDA guidance for the continuing operations from DKK 15-17 billion to DKK 17-19 billion. This corresponds to an underlying growth of 18-32%.The company’s gross investments for 2017 are still expected to amount to DKK 18-20 billion.”Within one to two years we will likely have excess investment capacity compared to the target rating of BBB+/Baa1, assuming the current dividend policy, the current farm down model, the current Wind Power build out plan as well as the ambition of a 1 GW per year offshore wind build out from 2021-2025 are continued,” Henrik Poulsen, DONG Energy’s CEO and President, said.”The likely excess investment capacity materialises as more and more Wind Power assets come on line and start generating cash flow and has recently been positively impacted by the experienced decline in the build out cost per MW (LCoE). Value-enhancing, green growth opportunities beyond the current investment plan will thus be explored against tight strategic and financial criteria. This could naturally include additional opportunities within offshore wind – which remains our core focus – as well as other renewable technologies and within our downstream, customer-facing business.”Following the farm down of Borkum Riffgrund 2 and the expected farm downs of Walney Extension and Hornsea 1, DONG Energy will only consider farm downs subject to substantial value creation and risk diversification, Poulsen said.last_img read more

Leising and Perfect honor FFA

first_imgStatehouse— State Sens. Jean Leising and Chip Perfect presented House Concurrent Resolution 32, which honors The National FFA Organization for its work to advance the quality of agricultural education, at the Statehouse Monday. FFA is a dynamic youth organization that changes lives and prepares members for premier leadership, personal growth and career success through agricultural education. The National FFA Organization was established in 1928 and Indiana FFA was started in 1929. Currently, there are 211 chapters in Indiana with 12,500 members.“Farmers are often underappreciated for their talents, working in hazardous and stressful conditions to provide for us,” Leising said. “HCR 32 pays respect to an organization that goes above and beyond to educate and encourage our future agricultural workforce. Farmers in Indiana contribute more than $31.2 billion to our economy, making our state one of the largest agricultural exporters in the nation. Our state is better because of the young men and women in the National FFA Organization, and I commend them for their accomplishments.”“I applaud Hoosier youth who join their local FFA chapter,” Perfect said. “As a former member of the FFA many of the ideals I learned through the program I actively practice today. I was awarded several opportunities I would not have otherwise had, if I had not joined FFA and I encourage those passionate about agriculture to consider joining this program.”last_img read more

FIFA U-17 World Cup 2017 Throws up Intriguing Ties

first_imgOne of the highlights of the ceremony was the performance of the tournament’s Official Song. Pritam and Babul Supriyo revealed ‘Kar Ke Dikhla De Goal’ for the first time, much to the delight of the assembled audience.FIFA U-17 World Cup India 2017 Draw Group A: India, USA, Colombia, Ghana Group B: Paraguay, Mali, New Zealand, Turkey Group C: Iran, Guinea, Germany, Costa Rica Group D: Korea DPR, Niger, Brazil, Spain Group E: Honduras, Japan, New Caledonia, France Group F: Iraq, Mexico, Chile, EnglandShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The Official Draw for the FIFA U-17 World Cup, which will be played in six venues across India between 6 and 28 October 2017, took place on Friday in Mumbai.The draw revealed hosts India will take on USA in their opening match of the competition in New Delhi. Group A also includes Colombia and Ghana, who will also clash as part of the first day’s action.Perhaps the most intriguing quartet of teams can be found in Group D, where FIFA tournament debutants Niger were drawn with Korea DPR, Brazil, and Spain.Assisting in the draw ceremony were FIFA Legends Esteban Cambiasso and Nwankwo Kanu, as well as Indian national team legend Sunil Chhetri and Indian badminton star Pusarla Venkata Sindhu. Also present were Sunil Gulati, FIFA Council member, Praful Patel, President of the All India Football Federation and Vijay Goel, Indian Minister of Youth Affairs and Sports.last_img read more

No. 13 seed Wake Forest upsets 5th-seeded Syracuse in 2nd round of ACC tournament

first_imgGREENSBORO, N.C. — Syracuse head coach Quentin Hillsman stood still on the court. Wake Forest head coach Jen Hoover trotted onto it grinning ear to ear. Hillsman’s players walked toward him as he waited for a team manager to hand him a whiteboard. The Demon Deacons leapt off the bench, running to greet their teammates.Six minutes earlier, the game was tied at 46. But with eight minutes left, WFU held a 13-point lead. The Orange had missed six of its last nine shots, prompting Hillsman to call a timeout.“We weren’t scoring,” Hillsman said. “That was the biggest thing. We didn’t score the basketball for a large chunk of the game and when we get into those droughts where we don’t score, that means we can’t press. That’s our game.”And since fifth-seeded SU (21-9, 11-5 Atlantic Coast) wasn’t able to play its game, it fell to 13th-seeded Wake Forest (12-20, 2-14) 85-79 in the second round of the ACC tournament at the Greensboro Coliseum. No. 22 Syracuse’s next game won’t come until the NCAA tournament, which doesn’t start until March 20.The Demon Deacons – who outrebounded the Orange by 10 – relied on a 22-5 second-half run to propel them to the upset win while two of Syracuse’s best three rebounders, Briana Day and Taylor Ford, sat on the bench for large portions of that run before each fouled out.AdvertisementThis is placeholder textThe run began when Amber Campbell hit a jumper to tie the game at 48 and then Wake Forest scored the next nine points. The crowd of 9,386 grew louder with each basket as the lead grew at the same time.“Our emphasis was to get stops,” Demon Deacons head coach Jen Hoover said. “… We really felt that in the half court, we could force them to one shot and if we would get stops, we would run out and we knew we wouldn’t have to face the press.”WFU beat Syracuse at its strong suit with easy layups in transition with 36 points in the paint and 15 on fast breaks. The Orange prides itself on forcing turnovers, pushing the tempo and pressing after made basket. But since SU’s shots weren’t falling, Wake Forest took advantage.Day grabbed just one rebound in 13 minutes against Dearica Hamby, the ACC’s third-best rebounder and scorer. Ford was Syracuse’s leading rebounder but only played 20 minutes. Each of them had three fouls by halftime, forcing Syracuse to go to its backup centers Bria Day and Amber Witherspoon.“The key to this game was we didn’t have our best players on the floor,” Hillsman said.When either Bria Day or Witherspoon made a productive play, Briana Day and assistant coach Sasha Palmer would stand up and cheer them on from the bench. But those moments were rare, as Hamby and forward Kandice Ball combined for 37 points.When Day committed her fifth and final foul, her jaw dropped in disbelief.On WFU’s next possession, Millesa Calicott nailed a 3 to put the Demon Deacons up by 15, its largest lead of the game. She celebrated by lifting three fingers in the air and jamming them into the side of her head as she spun around and jogged back on defense after yelling with excitement.“They just happened to get their run at the right time,” Alexis Peterson said. “We just wanted to stay composed, stay poised and keep turning them over and keep playing hard.”And Syracuse had its opportunities at the end. The Orange went on a 13-2 run to make it a three-point game with 45 seconds left courtesy of three 3-pointers.Wake Forest’s Ataijah Taylor missed a shot with 24 seconds left and the game depended on the ensuing rebound. Players from both teams sprawled across the court and the ball ricocheted around the paint before ultimately landing in Hamby’s hands. Had SU gotten the board, it would’ve had a chance to send the game to overtime.But that chance never came and fittingly, the game’s most important moment was a rebound that Syracuse couldn’t control.“If you look at the stat line, it’s amazing,” Hillsman said. “It tells a story.” Comments Published on March 5, 2015 at 1:02 pm Contact Paul: pmschwed@syr.edu | @pschweds Facebook Twitter Google+last_img read more

U17 World Cup: Mali, Nigeria set up all-African finale

first_imgNigeria and Mali have set up an all-African final at the ongoing 2015 FIFA U-17 World Cup.Both teams won their respective semis on Thursday.Mali, African champions, have reached the final of the for the first time ever after coming from behind to defeat Belgium in the first semi. Dante Rigo gave the Europeans the lead on 16 minutes before Boubacar Traore leveled with a sublime effort on 22 minutes. Sidiki Maiga gave the Eaglets the lead ten minutes after the break and Sekou Koita wrapped up the win in the 85th minute.A game later, Nigeria joined them after defeating Mexico 4-2 . The Mexicans dominated the opening half hour, and deservedly took the lead after just seven minutes through a Kevin Magana snap shot from close range.However after wasting a couple of glorious chances, the Nigerians made them pay when skipper Kelechi Nwakali equalised with a well-struck free kick from just outside the area in the 35th minute. A stunning shot from distance ensured Orji Okonkwo gave the reigning champions the lead in the 43rd minute. After the break a magical solo run from Diego Coates ended with the Mexican pulling his team level on the hour mark.Parity lasted just seven minutes before Osinachi Ebere restored Nigeria\’s lead with a powerful angled shot that the goalkeeper got his hand to but could not keep out.Top striker Victor Osimhen then capped the lead from the spot on 83 minutes to become one of three joint-top scorers in the competition’s history. He ties France’s Sinama Pongolle (2001) and Cote d’Ivoire’s Souleymane Coulibaly (2011) with nine goals. He however has a chance to go one better against Mali in the final.It is the second all-African final in the tournament’s history, with Nigeria also involved in the first in 1993 when they beat Ghana 2-1 in Japan.Nigeria, who are the defending champions, have a chance to win their fifth title and pull two clear of the closest rivals. For Mali it is a chance to win their first title in the competition. –Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySportslast_img read more