The Nordex Group (ISIN: DE000A0D6554) confirms the preliminary figures for the first quarter of 2020 released on 5 May 2020. Sales in the first quarter of 2020 increased to EUR 964.6 million (Q1/2019: EUR 398.9 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) rose to EUR 13.1 million (Q1/2019: EUR 3.3 million), showing an … Continue reading Nordex records first quarter 2020 in line with expectations
Continue readingMonthly Archives: May 2020
Vestas appoints Anders Nielsen as CTO and Tommy Rahbek Nielsen as COO to drive innovation and operational efficiency in the next phase of the energy transition
Driven by the position of renewables as the cheapest source of electricity in two-thirds of the world, the energy transition is, despite short-term uncertainty from the COVID-19 pandemic, in a new phase where higher penetration of renewables, accelerated electrification and new markets are creating novel and increasing demands for Vestas’ technology, manufacturing and solutions. To … Continue reading Vestas appoints Anders Nielsen as CTO and Tommy Rahbek Nielsen as COO to drive innovation and operational efficiency in the next phase of the energy transition
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GE, Siemens Gamesa and WEG lead installation of wind turbines in Brazil in 2019
North American GE Renewable Energy led the installation of new wind turbines in Brazil in 2019, followed by Siemens-Gamesa and local manufacturer WEG (WEGE3), according to a report by consultancy Wood Mackenzie released on Monday. While GE Renewable Energy maintained its position as the leader in Brazil wind energy, seeing the market share reach 55.8%, … Continue reading GE, Siemens Gamesa and WEG lead installation of wind turbines in Brazil in 2019
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Inox Wind signs agreement with Continuum Power to set up 250 MW of wind power project
Wind energy solutions provider Inox Wind has signed definitive agreements with Continuum Power Trading (TN) Pvt Ltd, part of Continuum Wind Energy group, to set up 250 MW of wind power projects. Under the contract, Inox Wind will supply, erect and commission 250 MW of wind power projects (in two phases of 126 MW and … Continue reading Inox Wind signs agreement with Continuum Power to set up 250 MW of wind power project
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Global wind energy industry issues statement on green recovery
On 6 May, GWEC along with signatories representing all the major wind industry corporates and associations across the world have released a statement highlighting wind power’s role in the global economic recovery following the COVID-19 crisis and laying out the key policy actions that must be put into motion in order to realise a sustainable … Continue reading Global wind energy industry issues statement on green recovery
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Finland aims to boost wind power by leasing more state land for construction
Prime Minister Sanna Marin‘s government aims to expand wind power production by offering more state lands for construction. They are overseen by Metsähallitus, a state-owned company that administers more than 12 million hectares of state land and water areas. Juha Niemelä, Director General of Metsähallitus, says fostering more wind power is part of the company’s … Continue reading Finland aims to boost wind power by leasing more state land for construction
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Wind energy project in Castelli is advancing
As part of the “Ciudad Futura” program and in conjunction with the Castelli Electricity Cooperative, the renewable energy generation project continues with the installation of a wind turbine in the town of Cerro de la Gloria. Days ago, the wind turbine blades arrived at the Port of Zárate and were unloaded by the NRG Patagonia … Continue reading Wind energy project in Castelli is advancing
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IRENA and ESCAP Step up Joint Efforts to Support Asia-Pacific’s Crisis Response
The two organisations will seek to bolster provision of low-cost, sustainable energy to prepare health systems for vaccine delivery and rebuild economies. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the International Renewable Energy Agency (IRENA) will work together to improve access to sustainable energy, bolstering the Asia-Pacific region’s … Continue reading IRENA and ESCAP Step up Joint Efforts to Support Asia-Pacific’s Crisis Response
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Siemens Gamesa joins expanded EU Green Recovery Alliance to promote a sustainable economic path following the coronavirus crisis
Company joins group of 270 CEOs of leading companies, Members of the European Parliament (MEP), business leaders, trade unions and campaign groups calling for a green recovery.Alliance backs economic stimulus measures post-crisis focused on achieving carbon neutrality in the EU, in turn kick-starting economic growth and job creationA full statement from the Alliance and its … Continue reading Siemens Gamesa joins expanded EU Green Recovery Alliance to promote a sustainable economic path following the coronavirus crisis
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The Mexican government against wind energy and solar power
The government’s obsession with fossil fuels is clear, due to inscrutable causes unrelated to reason. However, it has reached implausible extremes. Now, through the National Energy Control Center (Cenace), and invading the powers of the Energy Regulatory Commission (CRE), it issued an agreement last Friday that prohibits operational tests of renewable power plants, and in … Continue reading The Mexican government against wind energy and solar power
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Broad alliance of European countries calls for an EU industrial policy for renewables
In a letter to EU Commissioner for Internal Market Thierry Breton and EU Commissioner for Energy Kadri Simson, ministers from Lithuania, Poland, Greece, Spain, Latvia, Estonia, Austria and Luxemburg call for an EU industrial policy to expand renewables supply chains in Europe. “When Ministers from Poland, Greece, Spain, Austria, the Benelux and all 3 Baltic States say they … Continue reading Broad alliance of European countries calls for an EU industrial policy for renewables
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China-made wind turbines travel a long way to boost wind energy in Kazakhstan
In late April, three trucks carrying silvery wind turbine blades more than half a football pitch long were lumbering through the Ili River valley in northwest China’s Xinjiang Uygur Autonomous Region. Passing through the Sayram Lake basin and zigzaging in the Tianshan Mountains, they were heading to the China-Kazakhstan border port of Horgos. The trucks … Continue reading China-made wind turbines travel a long way to boost wind energy in Kazakhstan
Continue readingThe President of Mexico AMLO against wind energy
On May 3, Cenace published the “Agreement to guarantee the efficiency, Quality, Reliability, Continuity and security of the National Electric System, on the occasion of the recognition of the epidemic of disease due to the SARS-CoV2 virus (COVID-19)” , in which it established that they will apply actions and strategies to strengthen the reliability of … Continue reading The President of Mexico AMLO against wind energy
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Iberdrola has closed a transaction to acquire French wind energy company Aalto Power
Iberdrola has closed a transaction to acquire French renewables company Aalto Power for €100m. Aalto Power has 118MW of onshore wind power already in operation and a project portfolio of 636MW of onshore wind in various stages of development. The deal, which is subject to the authorisation of the French Ministry of Economy, is part … Continue reading Iberdrola has closed a transaction to acquire French wind energy company Aalto Power
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German Energy Minister, Herr Altmaier, you have less than 2 months
On 1 July you become President of the 27 EU Energy Ministers. 23 of them have a National Energy & Climate Plan for 2030. You do not. If you don’t complete your Plan soon, you will not be a credible President. Your Plan is delayed because the renewables numbers are unclear. You want 65% renewable … Continue reading German Energy Minister, Herr Altmaier, you have less than 2 months
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New date: WindEnergy Hamburg to take place from 1 – 4 December 2020
WindEnergy Hamburg, the global on & offshore wind event, has been postponed to 1-4 December 2020 in response to the coronavirus pandemic and its global impact on major events and international travelling. “Unfortunately, it is currently difficult to predict the future development of COVID-19 and its consequences for large-scale international events planned for September 2020. … Continue reading New date: WindEnergy Hamburg to take place from 1 – 4 December 2020
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Wind Power will be a key building block for Economic Recovery
Major players in the wind sector have published a statement that highlights how wind energy is a key building block for economic recovery from the impact of COVID-19. Wind energy is one of the fastest growing industries in the world, and could create nearly 4 million direct and indirect jobs as well as between $207bn … Continue reading Wind Power will be a key building block for Economic Recovery
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Wind energy companies in Spain continue to collaborate in the fight against COVID-19
Since the health crisis started by COVID-19 in the world, there have been many companies in the wind energy sector in Spain that are collaborating in the donation of products, as well as the provision of services to fight this pandemic. Below, we summarize some actions that several of the members of the Wind Business … Continue reading Wind energy companies in Spain continue to collaborate in the fight against COVID-19
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Siemens Gamesa Q2 performance impacted by the pandemic, but shows long term potential of wind energy
COVID-19 had a direct negative impact of €56 million on profitability, and intensified challenges experienced by the onshore business in India and Northern Europe. Siemens Gamesa’s performance in the second quarter of FY 2020 (January-March) reflected the unexpected effect of the COVID-19 pandemic on its operations and commercial activity, with a direct impact of €56mn … Continue reading Siemens Gamesa Q2 performance impacted by the pandemic, but shows long term potential of wind energy
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First Climate and Enel Green Power Panama sign agreement for the sale of International Renewable Energy Certificates
This is the first transaction to sell this kind of certificates to a counterparty, other than a Large Client, by an energy supply company in Panama. Enel Green Power Panamá, a renewable energy subsidiary of Enel Group, has signed an agreement for the sale of International Renewable Energy Certificates (I-RECs) with First Climate, a German-based … Continue reading First Climate and Enel Green Power Panama sign agreement for the sale of International Renewable Energy Certificates
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