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Wind turbine maker Vestas cuts 220 jobs in Denmark and Britain

This follows the Danish company’s October announcement that it would take full ownership of its joint venture with Mitsubishi Heavy Industries in an $838 million deal to accelerate growth in offshore wind COPENHAGEN: Wind turbine maker Vestas said on Thursday it will lay off 220 employees, primarily in Denmark and Britain, as part of the […]

Abengoa Insolvency Filing Marks Spain’s Biggest Company Failure

Vestas Takes €500M Stake in Copenhagen Infrastructure Partners

World’s largest wind turbine maker gets exposure to more renewable projects; CIP plans a new power-to-X fund. Vestas, the world’s largest maker of wind turbines, has taken a 25 percent stake in the renewable asset manager Copenhagen Infrastructure Partners (CIP). The €500 million ($612 million) deal will include an upfront payment of €180 million, followed […]

Enphase Energy Announces Proposed $1.0 Billion Green Convertible Senior Notes Offering

GWEC: Wind turbine sizes keep growing as industry consolidation continues

According to the report, 22,893 wind turbines were installed globally in 2019 produced from 33 suppliers and accounting for over 63 GW of capacity, a new supply side record in terms of capacity for the industry MANGALURU: The Global Wind Energy Council (GWEC) has published its second edition of its annual Supply Side Analysis 2019 […]

Earth’s magnetic field broke down 42,000 years ago, triggering extinctions & climate crisis

Only one-third SECI wind projects commissioned so far

SECI, the nodal agency through which the new and renewable energy ministry (MNRE) conducts wind and solar auctions, has commissioned only 1961 MW of wind capacity, an official at the ministry said on condition of anonymity BENGALURU: Only about one-third of 6,000 megawatt wind power capacity auctioned by the Solar Energy Corporation of India in […]

Sterling and Wilson partners with Enel X to enter Electric Mobility segment in India 

Siemens Gamesa warns coronavirus will keep squeezing 2020 finances

That profitability gauge had stood at 7.5 per cent a year earlier. The company’s bottom line also turned to a net loss in the quarter, but Chief Executive Marcus Tacke said he still believed it had good long-term prospects Wind turbine maker Siemens Gamesa said on Wednesday that project delays and supply chain disruptions caused […]

Earth’s magnetic field broke down 42,000 years ago, triggering extinctions & climate crisis

Wind power firms call for nations to maintain green momentum amid pandemic

Some governments have set themselves goals of reaching net zero emissions by 2050 or sooner, as pressure to act against climate change grows LONDON: Wind power companies have called on governments to ensure efforts to encourage low-carbon energy are maintained amid the economic fallout from the coronavirus pandemic, according to a statement seen by Reuters. […]

EDP Brasil to acquire solar energy assets of AES unit

Wind turbine maker Vestas falls to first-quarter operating loss

The Danish firm reported an operating loss before special items of 54 million euros ($58.9 million) versus the 91 million operating profit forecast by analysts COPENHAGEN: The world’s largest wind turbine maker Vestas on Tuesday posted an unexpected first-quarter operating loss despite strong sales and a booming order book. The Danish firm reported an operating […]

EDP Brasil to acquire solar energy assets of AES unit

Iberdrola bets on cash pile, investments to defy coronavirus

Powering more than 30 million homes and businesses in Spain, the United States, Brazil and Britain brought in net profit of 1.26 billion euros ($1.37 billion) in the first quarter versus a Refinitiv SmartEstimate of 1.20 billion MADRID: Ready cash, multi billion-euro investments, price hedging, regulated networks business and capital gains should help global wind […]

Abengoa Insolvency Filing Marks Spain’s Biggest Company Failure