RWE Eyes Renewables Deals as Part of $8.4 B Expansion
Germany's largest power producer RWE plans to spend part of its 7 billion euro ($8.4 billion) war chest on growing its 24.7 gigawatt pipeline of renewables projects, its CFO said, just weeks after BP announced a major low-carbon push."A pipeline needs to be worked on constantly. It doesn't grow overnight," Markus Krebber told Reuters, less than a day after…
Construction Starts for Asia's Largest Offshore Wind Blade Manufacturing Facility
Taiwanese company Tien Li Offshore Wind Technology has started construction on 210,000 square meter facility in Taichung Harbour to supply offshore wind blades to Taiwan's growing offshore wind industry.Tien Li is one of key local supply chain partners of wind turbine builder MHI Vestas, which this week shared the news on the start of construction of Tian…
Siemens Gamesa Confirms Fécamp Wind Turbine Deal
After EDF Renewables, Enbridge, and wpd on Tuesday announced the sanctioning of the $2,2 billion Fécamp offshore wind project in France, Siemens Gamesa has confirmed it has received the firm order for the supply of wind turbines for the project.The offshore wind turbine maker will deliver 71 SWT-7.0-154 offshore wind turbines each with capacity of 7 MW. Siemens…
Fugro IOVTEC Wins Survey Work at Hai Long Wind Farm Sites
Fugro IOVTEC, a JV between Dutch Fugro and Taiwan's IOVTEC, has secured an offshore geotechnical site investigation project in Taiwan for the Hai Long 2 and Hai Long 3 offshore wind farms. The Hai Long offshore wind farms are being co-developed by Northland Power Inc, Yushan Energy, and Mitsui & Co. Under the newly awarded contract, Fugro IOVTEC will acquire…
Vestas Posts Operating Loss, Hit by Higher Costs
Leading wind turbine maker Vestas posted an unexpected first-quarter operating loss despite strong sales and a healthy order book, weighed down by project delays as well as higher costs that were partly down to the COVID-19 pandemic.But the Danish company said demand for its turbines remained healthy, and that it could still meet its initial guidance for 2020…
Seajacks Clinches Japanese Offshore Wind Farm Gig
UK-based firm Seajacks, an offshore wind power installation specialist, has signed a foundation installation contract with Kajima Corporation for an offshore wind farm project at Akita Port and Noshiro Port in Akita Prefecture, northern Japan.The project is expected to be the first bottom-fixed large-scale offshore wind power project in Japan funded 100%…
Vestas Scores More Offshore Wind Farm Work in Vietnam
Danish wind turbine maker Vestas has won an order to deliver V150-4.2 MW wind turbines to be installed in Vietnam's Mekong Delta and has also secured a 20-year service contract - the longest such contract in Vietnam for a wind turbine manufacturer."Maintaining its successful momentum with 200 MW order intake in Vietnam last year, Vestas has now secured its…
Siemens Gamesa to Lay Off Up to 600 Staff in Denmark
Wind turbine maker Siemens Gamesa plans to lay off up to 600 staff in Denmark, the company said on Thursday."We regret having to say goodbye to good and valued colleagues," Andreas Nauen, head of Siemens Gamesa Renewable Energy in Denmark, said in a statement."These measures are needed to manage an increasingly competitive market in a responsible way," he said. (Reporting by Jacob Gronholt-Pedersen; Editing by Jan Harvey)
Vestas CEO to Step Down
Danish wind turbine maker Vestas on Tuesday said that its chief executive, Anders Runevad, would step down in August as part of its long-term succession planning.Runevad is to be replaced by Henrik Andersen, a Vestas board member and CEO of Danish coatings company Hempel. Reporting by Stine Jacobsen
Nordex Gives Strong Sales Outlook
Wind turbine maker Nordex on Tuesday forecast higher-than-expected sales for the current year, pushing its shares up 5.6 percent in early trade.The group expects revenues of 3.2 billion to 3.5 billion euros ($3.62-$3.96 billion) in 2019, an increase of up to 42 percent from last year and also beating the Refinitiv estimate of 2.94 billion.($1 = 0.8842 euros)(Reporting by Christoph Steitz Editing by Riham Alkousaa)
Siemens inks $78.4 mln Wind Turbine Deal
Wind turbine maker Siemens Gamesa signed a 69 million euro ($78.4 million) contract on Tuesday to supply Bosnia's biggest power utility EPBiH with wind turbines for a future 48 megawatt (MW) wind farm.Under the contract the company will supply 15 turbines and build the wind park on the Podvelezje plateau near the southern town of Mostar. The deadline to complete the project is 21 months…
Tilting at Windmills: Spain Strains to Meet Record Renewables Goal
Wind turbine maker Siemens Gamesa is booking 14 colossal specialized cranes, has hired new staff and boosted capacity by up to 80 percent at its Spanish factories as developers strain to meet a 2020 deadline for cutting carbon emissions.More wind farms are set to be built across Spain in 2019 than in any previous year, the APPA association of renewable energy companies calculates…
Spain Strains to Meet Record Renewables Goal
Wind turbine maker Siemens Gamesa is booking 14 colossal specialized cranes, has hired new staff and boosted capacity by up to 80 percent at its Spanish factories as developers strain to meet a 2020 deadline for cutting carbon emissions.More wind farms are set to be built across Spain in 2019 than in any previous year, the APPA association of renewable energy companies calculates…
Wind Beats Solar in Danish Green Energy Auction
Wind emerged as the most competitive power source in Denmark's first auction where wind and solar competed for state subsidies on equal footing to deliver power at the lowest price.Subsidies which have underpinned the growth of renewable energy are cooling as governments around the world opt for more competitive contract tenders, favoring project developers that submit the lowest bids.Denmark…
Siemens Gamesa Plans Assembly Plant in Taiwan
Wind turbine maker Siemens Gamesa will build an assembly plant in Taiwan if it gets a firm order from Denmark's Orsted to supply its 900-megawatt Greater Changhua offshore wind farm, the German-Spanish company said on Monday.Siemens Gamesa, which is battling Denmark's Vestas for dominance of the global wind turbine market, said it had been chosen as the preferred supplier for the project.
Siemens Gamesa Reshuffles Top Management
Wind turbine maker Siemens Gamesa announced a reshuffle of its top management on Tuesday, part of a bid to advance an ambitious cost-saving plan after a year-long board battle over issues ranging from suppliers to leadership.David Mesonero, currently managing director of corporate development, strategy and integration, will take over as chief financial officer…
Siemens Gamesa Reshuffles Top Management
Wind turbine maker Siemens Gamesa announced a reshuffle of its top management on Tuesday, part of a bid to advance an ambitious cost-saving plan after a year-long board battle over issues ranging from suppliers to leadership.David Mesonero, currently managing director of corporate development, strategy and integration, will take over as chief financial officer…
Siemens Gamesa, Van Oord win $580 mln Dutch wind farm contract
Wind turbine maker Siemens Gamesa and Dutch marine contractor Van Oord said on Friday they have won a contract worth more than 500 million euros ($580 million) to build a large wind farm in the Netherlands.The 380 megawatt (MW) wind farm on IJsselmeer lake is expected to provide enough energy to power around 380,000 households from mid 2021.Spain's Siemens…
Nordex scores biggest ever single contract
German wind turbine maker Nordex on Tuesday said it had won a contract to supply and install 191 wind turbines with a capacity of 595 megawatts in Brazil, marking the company's biggest ever single contract to date.The order from Italian utility Enel is for the Brazilian wind farm Lagoa dos Ventos, which is located in the north of the country.
Sinovel Fined for AMSC Trade Secret Theft
A U.S. judge ordered Sinovel Wind Group Co Ltd, a Chinese wind turbine maker, to pay a $1.5 million fine after the company was convicted and charged for stealing trade secrets from Massachusetts-based AMSC. U.S. District Judge James Peterson in Madison, Wisconsin, also sentenced Sinovel to one year of probation, during which it must pay the unpaid balance of a $57.5 million settlement it reached with AMSC. The U.S.
