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 […]
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. […]
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 […]
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 […]
Spain seizes virus tests bound for returning Siemens Gamesa workers: union
Siemens Gamesa began testing some staff last week and had agreed to extend this to the whole workforce, but told employees on Saturday it would not be able comply with its original timetable MADRID: Spanish authorities have requisitioned 2,000 antibody tests procured by wind turbine maker Siemens Gamesa and intended to check whether employees have […]
India’s wind installation for 2020 likely to fall drastically
BloombergNEF has lowered its expectation of how much wind energy capacity India will add in 2020 to 1.95GW from an earlier forecast of 2.56GW Bengaluru: The coronavirus-led lockdown has blown away India’s wind energy target for 2020, as all major turbine manufacturers, including Siemens Gamesa, Vestas, GE and Inox Wind, have suspended production, industry executives […]
Wind Turbine Models included in the RLMM after declaration of new procedure (i.e 01 November 2018)
Wind Turbine Models included in the RLMM after declaration of new procedure (i.e 01 November 2018) For more information please see below link:
Bankrupt wind turbine maker Senvion in talks to buy time for rescue deal
The company is in discussions with creditors to extend a 100 million euro ($111 million) insolvency loan so it can avoid having to agree to sell at any price FRANKFURT: Bankrupt German wind turbine manufacturer Senvion is in talks to buy time to strike a rescue deal as negotiations with potential buyers of the company […]
Vestas Reclaims Position as Top Global Wind Turbine Manufacturer in 2018, According to Navigant Research
Shifts in OEM rankings reflect an industry plateau created by increased cost pressures and competition from solar BOULDER, Colo.: A new report from Navigant Research tracks wind turbine OEM market distributions and market shares by region and country. In 2018, global installed wind power capacity decreased year-to-year from 52 GW to 50.6 GW, due to […]
Wind turbine maker Nordex to supply Croatia’s 58 MW wind farm
The deal includes the supply of 18 wind turbines for the 58 MW onshore wind farm Korlat, located near the town of Benkovac, as well as its maintenance for a period of 20 years ZAGREB: Croatia’s state-run HEP has signed a deal with wind turbine maker Nordex on Thursday for it to supply turbines for […]