Renewable Energy News

 

Insight: Siemens Energy's $5.9B Wind Power Problem

Jul 22, 2021

Siemens Gamesa’s profit warning last week served as a painful reminder for Christian Bruch, CEO of parent Siemens Energy, that there’s a big difference between owning a majority stake in an asset and having full control.Siemens Energy holds 67% in Spanish-listed Siemens Gamesa, the world’s largest maker of offshore wind turbines, a stake it was handed by former parent Siemens as part of a spin-off last year…

Siemens Energy CEO Buch Calls Wind Division Problems 'Extremely Annoying'

9 hours ago

Siemens Energy cranked up the pressure on wind turbine division Siemens Gamesa on Wednesday, saying it was 'extremely annoying' that it was having to reduce its profit outlook as a result of the Spanish-listed unit.The comments from CEO Christian…

Mainstream Renewable Power, Siemens Bid in Scotland's Offshore Wind Leasing Round

Jul 30, 2021

Renewable energy developer Mainstream Renewable Power and Siemens Financial Services said on Friday they jointly bid to build offshore wind capacity in the ScotWind leasing round.The companies did not disclose how much capacity they intend to build if their bid is successful…

Partners Sell Beatrice Offshore Wind Farm's Transmission Assets

Jul 30, 2021

The consortium owning the Beatrice Offshore wind farm off the coast of Scotland, has signed an agreement to sell the 588MW wind farm's Offshore Transmission Assets (OFTO) to Transmission Capital Partners.The buyer is a consortium comprising International Public Partnerships Limited…

Siemens Gamesa Hikes Wind Turbine Prices as Raw Materials Become More Expensive

Jul 30, 2021

Wind turbine maker Siemens Gamesa is charging higher prices, combing over contracts, and hedging harder against rising raw materials costs to try to heave its business back to profit, executives said on Friday.The world's biggest maker of the…

Offshore Wind Turbine Maker Siemens Gamesa Posts Quarterly Loss

Jul 30, 2021

Wind turbine maker Siemens Gamesa posted a loss for the three months to June on Friday and confirmed a warning it made earlier this month that its profit margin could be negative over the full year.The world's biggest maker of the huge offshore generators…

'World's Most Powerful Tidal Turbine' Brought Online in Scotland

Jul 29, 2021

O2, dubbed the world's most powerful tidal turbine, and built by the Scottish engineering firm Orbital Marine, has this week started power generation at the European Marine Energy Centre (EMEC) in Orkney. The floating turbine is anchored in…

Nexans' Cable for World's First Harsh-environment Floating Solar Plant

Jul 28, 2021

Offshore cable manufacturer Nexans will deliver export cable for Equinor's floating solar pilot offshore Frøya in Norway. The floating solar project is slated to come online in December 2021 and will be the world’s first floating solar plant operating in rough offshore waters…

SSE, Acciona Partner Up for Polish Offshore Wind Projects

Jul 28, 2021

UK-based SSE Renewables and Spanish firm Acciona have agreed to jointly explore offshore wind opportunities in Poland, and have signed a Memorandum of Understanding (MoU) in order to formalize a 50/50 joint venture for the Polish market.Poland…

Systematic's Software to Optimize Ops on All RWE Offshore Wind Farms

Jul 26, 2021

Renewable energy firm RWE has signed an agreement with Danish software company Systematic to deploy an innovative information management tool across its global fleet of offshore wind farms.Systematic will supply its marine management tool, called SITE…

TotalEnergies Finds Buyer for Power from Belgian Offshore Wind Farm

Jul 26, 2021

French energy firm TotalEnergies has via Lampiris, its energy supply affiliate in Belgium, signed a Corporate Power Purchase Agreement with Air Liquide. TotalEnergies will supply 50 GWh per year of renewable electricity over a period of 15 years…

Ocean Winds, DISA Plan to Build Floating Wind Farms in Canary Islands

Jul 23, 2021

Offshore wind developer Ocean Winds and DISA Group, a renewable electricity generation firm in the Canary Islands, have teamed up to develop offshore wind farms in the Canary Islands.Ocean Winds, formed last year as a joint venture between EDP Renewables and Engie…

World's Largest: Sunseap to Build $2B Floating Solar Farm in Batam, Indonesia

Jul 22, 2021

Singapore's Sunseap Group says it plans to spend $2 billion to build the world's largest floating solar farm and energy storage system in neighboring Indonesian city Batam, which will double its renewable power generation capacity.The floating photovoltaic system is expected to have a capacity of 2…

Iberdrola Plans Offshore Wind Spinoff

Jul 21, 2021

Iberdrola is looking to new markets to help fuel growth and could even consider spinning off its offshore wind business to raise funds, the global wind power group said on Wednesday.In first-half results, Europe's biggest wind power group said…

Solar Firm Sues U.S. Interior Department Over Offshore Wind Project Approval

Jul 20, 2021

A solar energy company has sued the Department of the Interior over its approval of the nation's first major offshore wind farm, alleging that the project off the coast of Massachusetts threatens the area's fishing industry and imperiled marine life…

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