Category: Markets and finance

European OEM remains minority owner of rebranded business that aims to be major regional player in South Asia

Danish OEM will make more blades for largest EnVentus machines at site acquired from LM Wind Power in Poland

Wake modelling is becoming a core part of due diligence for investors as a result of ‘wind theft’, delegates heard at the Recharge Wind Power Summit in Hamburg

There is also ‘life in Orsted’s long-term ambitions’, Sydbank analyst says after Danish utility together with Ireland’s ESB wins auction for 900MW Tonn Nua site

Danish utility and Irish developer ESB win at price considered favourable compared with results elsewhere in Europe

Zephyr signs agreement with Norwegian renewables giant that turns it into one of Sweden’s biggest developers for wind projects at sea

Zephyr signs agreement that turns it into one of Sweden’s biggest developers for wind projects at sea

Requiring blanket shutdowns during periods of heavy bird migration might be overkill, says German offshore wind group that commissioned study

Wind turbine unit of German energy tech giant Siemens Energy announced last week sharp slimming of its onshore wind business

Iberdrola subsidiary ScottishPower rails at claims made by Germany’s RWE in dispute over wake effects concerning two planned projects in UK North Sea

Ocean Winds wins the third Celtic Sea Round 5 floating wind lease in boost to burgeoning sector

Nordex and Vestas are posting rising net income while Siemens Gamesa and Enercon are on path to breaking even, but every turbine producer is facing own issues

Booming demand from data centres and AI has lifted Siemens Energy group to record revenues and order backlog, but can the wind unit catch up?

Long-serving executive at Norwegian power group to take over wind at sea for Swedish peer from March

GE Vernova unit LM Wind Power reportedly delivers downbeat assessment of market prospects as it lays ground for job cuts

Wind turbine manufacturer says posts to go through mix of ‘natural attrition, redundancies, and release of third-party consultants’

Michael Müller points to rising demand in America that can’t be met without utilising wind at sea

Michael Müller points to rising demand in America that can’t be met without utilising wind at sea

UK-based utility to plough 80% of new $43bn investment plan into transmission and distribution to take ‘once in a generation opportunity’

Move comes after attempt by previous government to take over TSO’s German operations failed amid budget constraints

Michael Müller sees good prospects for business as AI boom drives up global power demand

After dialogue with market participants, government keeps overall support at $8.6bn but changes distribution among wind farm sites, while also giving one longer bid deadline

Wind turbine foundation group Sif says tendering slowing and joins calls for policy action to kick-start market

EDP boss also reaffirms company’s commitment to offshore wind through Ocean Winds

EDP boss also reaffirms company’s commitment to offshore wind through Ocean Winds

Orsted’s results are down more than 20% from last year, despite higher availabilty and power production

Danish wind turbine manufacturer lowers full-year revenue outlook and narrows Ebit margin but presents strong third-quarter results

‘Solid’ increase in order intake also helping, José Luis Blanco says

Wind turbine manufacturer to supply machines for projects in desert kingdom, Uzbekistan and China

Comments came after series of developers indicated they may employ Chinese wind turbines also in Europe, or at least not rule that out

News comes at difficult time for floating wind industry as developers struggle to make numbers add up on projects

Hedging hits on wind power generation were among the reasons the Norwegian giant is struggling financially right now

Anna Borg says competition in supply chain key to lowering costs as she’s quizzed over use of Mingyang machines off Scotland

Wind power capture rates have collapsed in the Nordic region due more intermittent power production and soft demand, but there are brighter times ahead, according to Stormgeo analyst

CBAM may also delay installation of turbines and in consequence net zero ambitions, Blanco says

German wind turbine manufacturer also sees stable macroeconomic environment as it announces rise in preliminary third-quarter earnings

German wind turbine manufacturer expects higher profitability on strong projects and services segment

Big three onshore OEMs each reach almost a third of market in first nine months, while Siemens Gamesa and GE Vernova remain in single-digit figures

Petrofac, which has worked on clutch of major renewables projects, ends efforts to restructure after loss of North Sea transmission deal

Judge won’t halt construction of 800MW project off New York that had government support following earlier U-turn by president.

Turbine maker almost triples quarterly profit as it joins push to add 120GW a year

Danish industry bodies blame sluggish European energy transition as nacelle facility at Esbjerg put on hold

Tennet says Petrofac to be replaced in consortium to help deliver 28GW of offshore wind transmission links

Shipbuilder Seatrium says it still plans to deliver $475m ship for Equinor project but buyer files notice of arbitration

Only one month ago Vestas was extolling the attractions of Poland but clouds over the offshore wind sector have continued to darken

Staff at monopile plant SeAH Wind walk out today in move that could disrupt Hornsea 3

Staff at monopile plant SeAH Wind walk out today but developer insists Hornsea 3 stays on track

German developer follows Norway’s Equinor in pulling out of major Australian offshore wind projects in recent months

Cutting quarter of workforce will only save Orsted 2% of total revenue, according to its own accounts – and expose offshore wind giant to ‘brain drain’

Engie-EDPR tie up will concentrate on activities in other markets while local developer assumes full control of 700MW project

Shipbuilder to consult lawyers as $475m deal for vessel to work on New York offshore wind farm project terminated

Troubled offshore wind giant says ‘rightsizing’ necessary as new projects dry up and global focus narrows

Regional wind group says German government’s new enthusiasm for gas power further unsettles investors

Orders in nine months already reach 6.7GW and CEO Blanco is ‘confident’ positive trend will continue in last quarter of 2025

Chief commercial officer Özarslan acknowledges Chinese push into wider European market but reveals why German wind turbine manufacturer is not overly concerned

Norwegian oil and gas giant says third quarter results to show $400m impact

Cheap solar panels are driving a fast-paced energy transition in poorer countries, data shows

Offshore wind giant says 99.3% of shares taken up with ‘extraordinarily high demand’ for rest, but that isn’t enough to send stock into ‘buy’ territory

Judge had short shrift for pleas from government lawyers that shutdown meant they could not now appear in case in which they seek to terminate permit of offshore wind farm

Mirny wind project to also feature integrated 300MW/600MWh battery storage system to enhance grid reliability as Central Asian nation seeks to boost renewable energy share

Rasmus Errboe says Empire Wind experience meant Orsted had playbook in place for stop work order that has since been overturned

Rasmus Errboe says Empire Wind experience meant Orsted had playbook in place for stop work order that has since been overturned

Oil group’s CEO at business summit where Orsted chief Errboe says wind power industry ‘at a crossroads’

Danish wind turbine manufacturer has second-best published onshore wind order intake during the period

Belgian contractor sees growing market as thousands of kilometres of cables connecting offshore wind and power grids between countries are vulnerable to sabotage

Despite massive challenges, TGS | 4C’s latest report highlights reasons for the wind industry to turn from pessimism to optimism

Fossil giant to reduce Capex and focus power strategy on US, Europe and Brazil

Former energy chief at chemicals giant BASF to lead Chinese group’s ambitions in region

Eastern Germany’s UKA successful at heavily oversubscribed onshore wind tender last week

Sale of stake in £8.5bn ($11.4bn) offshore wind project critical to Orsted, with S&P having warned it could downgrade renewables giant if it failed to do so this year

Metals giant Fortescue orders Envision turbines and buys tower firm as boss Andrew Forrest lays into US president

Developer resumes construction of US offshore wind farm project after month-long halt

Spanish group says future is in networks with ‘selective’ approach to green power and focus on finishing existing projects

Spanish group says future is in networks with ‘selective’ approach to green power and focus on finishing existing projects

Energy company Andel backs its Danish compatriot Orsted, saying that despite ‘significant challenges’ in the US it is taking ‘long-term view’

As Orsted shares surge on Copenhagen stock exchange, risk of downgrade to ‘junk’ status less likely says Sydbank’s Pedersen

Protest took place at huge Spanish wind farm that developer Enlight wants to turn into major hybrid power complex with addition of solar panels and battery energy storage

News comes just weeks after record-smashing 26MW wind turbine was installed in China, as analyst says turbines even of that size are ‘unlikely to be the upper limit’

German OEM launches integrated offering first in its home market, coinciding with Husum Wind exposition

Embattled Danish utility intends to secure financial needs related to risks from troubled US offshore wind ventures

Embattled Danish renewable energy giant intends to secure financial headroom to weather risks from troubled US offshore wind ventures

Trump Administration tried to halt planned wind farm off New York earlier this year, but is now having to fight its corner in face of new legal challenge

Chinese OEM’s latest plant would use 3GW of wind power and biomass gasification to produce 600,000 tonnes of green methanol and 400,000 of ammonia annually

Departure follows difficult year for blade unit, including closure of factories and scandal in Quebec

Power group and Chinese OEM to work together in deployment bid, which will initially focus on onshore wind but could expand into solar power and battery energy storage

Spanish renewables giant increases shareholdings in Neoenergia to about 84%

Norwegian giant won’t rule out separating renewables operations and merging them with stricken Danish player’s

Project will site huge BESS deployment inland from North Sea coast as key plank of UK green power plans

Project will site huge BESS deployment inland from North Sea coast as key plank of UK green power plans

Claims that 600 posts to go follow moves last year to shrink offshore wind operations

Global wind power additions to break records that neither end to US tax credits nor obstacles to wind at sea in Asian giant can derail, Wood Mackenzie report shows

Global wind power additions to break records that neither end to US tax credits nor obstacles to wind at sea in Asian giant can derail, Wood Mackenzie report shows

Wind giant says it’s ‘showing it’s possible to work’ in war-torn country with start of construction on largest project

German utility also uses AI-based cameras, autonomous submarine and DNA samples for environmental monitoring around turbines

Government blames ‘less active’ summer period for lacklustre interest as energy regulator sets new date in October

Insults and lawsuits fly as Trump Administration comes under pressure to offer rationale for stop work order against major offshore wind farm project

Huibert Vigeveno to join MET Group whose renewable assets span wind, solar and batteries

Deal between German utility and Apollo Global Management to fund TSO’s grid expansion over next decade

Chair and CEO insist they’ve ‘done their homework’ as rights issue gets go-ahead amid questions from small shareholders

Leading Chinese turbine maker signs double-whammy of deals this week, giving it strong foothold in market with big ambitions for rollout of wind farms and renewable energy generally

Beleaguered Danish group reports lower than normal winds and Taiwan cable incident – but investors back $9.4bn rights issue

Danish giant takes action over stop-work order against project

Danish giant’s JV with Skyborn takes action over stop-work order against project

Ratings agency had boosted Danish offshore wind giant’s outlook just prior to Trump Administration’s stop work order on Revolution Wind array

German premium wind turbine manufacturer also relaunches brand to go along with wider offering, including design of hybrid power plants, energy storage and grid access

German energy tech giant to build converter stations for project linking gigawatts of offshore wind to Bornholm island and both countries’ main power grids

Ocean Winds completes turbine installation at 30MW pilot array that paves way for upcoming utility-scale floating wind farm nearby

Chinese manufacturer says order is key step in execution of global expansion strategy

All but one country told to improve permitting, grids and electrification after half-year wind power installation figures disappoint

Matthias Taft succeeds Paul Stormoen, who will become a board member at OX2

Major offshore wind farm project in Irish Sea wins planning consent in boost to UK renewable energy goals

Consent follows that for sister offshore wind project Mona and comes as boost to UK renewable energy goals

Mitsubishi and its consortia partners forfeit $136m in deposits and are barred from next auction round after strategy of aggressively outbidding competitors in Japan’s inaugural offshore wind tender proved their downfall

Norwegian state-owned green power giant is under pressure to improve finances after plunging deep into the red in recent results

Norwegian state-owned green power giant is under pressure to improve finances after plunging deep into the red in recent results

Japanese conglomerate says developing offshore wind farms ‘not feasible’ in business environment hit by pandemic and war in Ukraine

Hagens will begin role at Dutch utility Eneco in March next year

UPDATE: The Orsted share price nose-dived when markets opened Monday. At close, the shares were down by 16%.

Siemens Gamesa produces rotor blades for first-ever large-scale installation of recyclable blades at sea off UK

Crisil says most of India’s wind fleet has lagged key performance measure for last five years with PV faring far better

Klaus Heckenberger brings 15 years’ experience in wind power industry to new role at Axpo Group subsidiary

Employers in energy technology and electrical engineering today already face lengthy search times for qualified staff, Institute for Employment Research says

Clarity on rules to trigger ‘high activity in 2026-29’, Sydbank chief stock analyst Pedersen says.

German utility nevertheless confirms outlook for 2025 and CEO Krebber stresses ‘value accretive’ portfolio expansion

CEO Andersen points to better onshore project performance and lower warranty costs but acknowledges high ramp-up costs of 15MW offshore turbine

Wind giant hires former CEO at gearbox supplier to lead technology and operations arm

US wind group’s CEO lists string of challenges that also includes Turkish strikes and Mexican production mishaps

US-based TPI Composites files for Chapter 11 amid ‘financial challenges that must be addressed’

Danish group’s stock hits record lows in further US wind-related blow to oil and gas giant that became second-largest investor last year

CFO acknowledges Orsted faces a ‘buyers market’ for offshore wind assets but says all non-US farm-downs are ‘progressing as planned’

Inability to part-divest large New York offshore wind farm prompts Danish utility to issue new shares to strengthen capital structure while company swings back to profit in first half

Staff at SeAH Wind plant supplying monopile foundations overwhelmingly back action, says union

Staff at SeAH Wind plant supplying monopile foundations overwhelmingly back action, says union

Departure comes shortly after recent change in ownership at German green power developer, which also last month secured major refinancing package

Mitsui pledges ‘significant investment’ after taking control of Highlands port and other facilities

German wind OEM consolidates profits revival with better than expected earnings

Company ditches operating stake in AREH to focus on upstream oil and gas

GE Vernova chief Scott Strazik says it may need more time than previously stated to complete installation of 277 units in UK waters