Wind turbine maker Siemens Gamesa said on Friday it expects to return to profitability in 2022 after blaming its second annual operating loss in a row on higher raw materials and logistics costs, and cost overruns linked to a new model.High…
UK-based energy firm SSE Renewables has informed that marshalling operations for wind turbine parts are underway at Able Seaton Port in Hartlepool for what will be Scotland’s biggest, and the world’s deepest fixed bottom offshore wind farm – Seagreen…
Denmark's Ørsted on Wednesday reported third-quarter operating profit slightly below expectations as it said low wind speeds continued to hit earnings.'In most of Q3, we continued to see lower than normal wind speeds, which had an adverse impact on earnings from renewable assets in operation…
Vestas slashed its 2021 outlook for a second time this year in response to higher costs and supply constraints, sending its shares tumbling as much as 14% as the world's largest maker of wind turbines posted forecast-lagging quarterly profit…
Danish offshore wind farm developer Ørsted has completed the sale of 50% stake in the 605 MW Greater Changhua 1 offshore wind farm in Taiwan.The agreement to sell half of its stake in the wind farm project to global investment group Caisse de…
Italian oil and gas company Eni is increasing its renewables investments and has now acquired a 20% stake in the 1.2GW Dogger Bank C offshore wind project in the UK, by acquiring a 10% stake from each Equinor and SSE.With the acquisition, Eni…
UK-based renewable energy giant SSE Renewables has closed the deal to form a new joint ownership company, SSE Pacifico, which will pursue the development of offshore wind projects in Japan. The deal includes the acquisition by SSE Renewables…
Britain will launch a 160 million pound ($220 million) fund to help developers of floating offshore wind technology as part of efforts to ramp up renewable power and meet climate targets, the government said on Friday.The announcement comes…
The Biden administration on Thursday unveiled fresh steps toward building offshore wind farms in waters off the coasts of Massachusetts, the Carolinas, and in the Gulf of Mexico.The announcement is the government's latest in an aggressive push to expand the nascent ocean industry to every U…
Chinese offshore wind turbine maker MingYang has secured an order to supply its 11MW offshore wind turbine for a floating wind project in Europe.The company said Friday the order was related to an offshore floating wind power pilot project in…
Ørsted and Eversource have awarded Siemens Energy a contract to supply a transmission system for their 924 MW Sunrise Wind offshore wind farm which will power New York State.The two companies said the deal would make them the first offshore…
Dublin, Ireland based floating wind platform company Gazelle Wind Power announced its entry into the U.S. offshore wind energy marketplace with the opening of its first U.S. office in Austin, Texas.“The addition of this U.S. office is a significant…
The Biden administration has announced ambitious plans to scale up leasing for offshore wind energy projects along the Atlantic, Gulf, and Pacific coasts. In an announcement released on Oct. 13, 2021, the U.S. Department of the Interior stated…
Offshore wind farm development giant Ørsted has completed the installation of the Hornsea Two wind farm offshore substation and all 165 wind turbine foundations in the North Sea, 89 km off the Yorkshire coast. Dutch offshore installation contractor…
Britain received more than 74 billion pounds ($102 billion) in demand for its second green government bond, a month after its first green gilt drew a record 100 billion pounds in demand from investors.Proceeds from the sales - which only make…