Wind turbine sales in the first nine months grow by 14 percent to €5.1 billion. EBITDA margin improves to 3.7 percent.Working capital remains stable at -7.3 percent€159 million of free cash flow generation in the third quarter. EBITDA margins for the full year are expected to be closer to the upper end of the margin … Continue reading Nordex improves results in first nine months
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Global wind turbine orders by manufacturer in Q3
Cristian Bogdan Dinca, an analyst at BloombergNEF, shared on LinkedIn a chart detailing wind turbine orders by manufacturer in Q3 (excluding orders in the Chinese wind power market). Key highlights: Sergio Fdez Munguía https://windletter.substack.com/p/cuando-la-geopolitica-cancela-32-gw-eolica-marina?utm_source=post-email-title&publication_id=1178124&post_id=150689994&utm_campaign=email-post-title&isFreemail=true&r=ohn78&triedRedirect=true&utm_medium=email
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Europe can build a competitive renewable hydrogen value chain to decarbonise hard to electrify sectors
This week CEOs, policymakers and stakeholders gathered in Brussels to take part in the Renewable Hydrogen Summit. This is Europe’s top event on renewable hydrogen. Earlier this week various stakeholders, CEOs and policymakers met for the fourth Renewable Hydrogen Summit. Opening the event with a video statement, President Ursula von der Leyen said: “We need … Continue reading Europe can build a competitive renewable hydrogen value chain to decarbonise hard to electrify sectors
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TE H2, Copenhagen Infrastructure Partners, and A.P. Møller Capital Partner for a Large-Scale Project in the Kingdom of Morocco
Under the presidency of His Majesty King Mohammed VI of Morocco and His Excellency Emmanuel Macron, President of the French Republic, the government of the Kingdom of Morocco and TE H2, along with its partners, signed a Preliminary Contract for Land Reservation for the ‘Chbika’ project. This agreement will allow TE H2, a joint venture … Continue reading TE H2, Copenhagen Infrastructure Partners, and A.P. Møller Capital Partner for a Large-Scale Project in the Kingdom of Morocco
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RWE chooses Thyborøn Port to build Denmark’s largest offshore wind farm to date
RWE to locate its offshore construction base for its 1.1 GW Thor offshore wind farm at Thyborøn Port. Buss Ports to handle secondary steel structures at Thyborøn Port from 2025 onwardsOffshore installation work to begin – as planned – in spring 2025; full commissioning expected in 2027. Enough wind power to supply equivalent of more … Continue reading RWE chooses Thyborøn Port to build Denmark’s largest offshore wind farm to date
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Sweden cancels 13 offshore wind power projects due to potential Russian threat
On Monday, November 4, the Swedish government announced, to the surprise of many, the cancellation of 13 offshore projects with a total capacity of 32 GW, all located in the Baltic Sea. Most of the projects were in an early development phase. Among the affected offshore wind developers are OX2, Eolus, Ørsted, RWE, Freja Offshore, … Continue reading Sweden cancels 13 offshore wind power projects due to potential Russian threat
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Türkiye unveils 7 GW offshore wind roadmap by 2024
Türkiye could install up to 7 GW by 2040 according to World Bank analysis. The World Bank Group, in collaboration Turkey’s Ministry of Energy and Natural Resources, has launched an offshore wind roadmap for the country. The government has set a target of 5GW of installed capacity for offshore wind power by 2035. Turkey’s waters … Continue reading Türkiye unveils 7 GW offshore wind roadmap by 2024
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Envision to supply giga-scale wind farm in Egypt
Chinese wind turbine maker has been fostering closer ties with Saudi developer ACWA and its home government. China’s Envision is in line to supply turbines for what will be one of Africa’s largest wind farms, after Saudi developer ACWA Power tapped it for the 1.1GW project in Egypt. ACWA Power is co-developing the project in … Continue reading Envision to supply giga-scale wind farm in Egypt
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EU Recovery money boosts wind manufacturing in Italy
Europe’s wind turbine manufacturing capacity is ramping up to meet the EU climate and energy security targets. This week Danish wind turbine manufacturer Vestas inaugurated a new production line for offshore wind blades in Taranto, Italy. The factory expansion will produce state of the art 15 MW offshore wind blades. It will create 1,300 additional … Continue reading EU Recovery money boosts wind manufacturing in Italy
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GWEC Report Outlines Crucial Next Steps for Vietnam to Scale Investment and Achieve Offshore Wind Targets
Today, the Global Wind Energy Council presented its report on the competitive procurement of offshore wind projects in Vietnam to Deputy Minister Nguyen Hoang Long from the Ministry of Industry and Trade (MOIT) at the ministry’s office in Ha Noi. The GWEC report entitled “Vietnam Offshore Wind Competitive Investor Selection Study” aims to share the … Continue reading GWEC Report Outlines Crucial Next Steps for Vietnam to Scale Investment and Achieve Offshore Wind Targets
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Wind sector expresses rejection of Xunta’s proposal to force Galician companies to sell 50% of their electricity with wind power through PPAs
The wind sector expresses its strongest rejection of the Xunta de Galicia’s proposal to force Galician wind farms to be sold 50 percent of their electricity generated by wind power facilities to exclusively Galician companies through PPAs ?? The new proposal of the Xunta de Galicia consists of forcing Galician wind farms to sell 50% … Continue reading Wind sector expresses rejection of Xunta’s proposal to force Galician companies to sell 50% of their electricity with wind power through PPAs
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RWE to modernise Lasbek wind farm
Four wind turbines with total capacity of 22.8 MW to replace six old ones. Green electricity for equivalent of 18,000 households per year, municipalities to benefit financially. RWE works with partners on innovative approaches to recycling of rotor blades from two wind turbines. Modern wind turbines for a higher green energy yield: RWE is driving … Continue reading RWE to modernise Lasbek wind farm
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Construction of operations and maintenance base for RWE’s Thor offshore wind farm underway in Thorsminde
Denmark’s largest offshore wind farm will be served from a new, state-of-the-art building at Thorsminde port; architecture will blend in perfectly with existing buildings. Creation of up to 60 permanent jobs expected. Enough wind power electricity to supply the equivalent of more than one million Danish households. Today, a ground-breaking ceremony will be held at … Continue reading Construction of operations and maintenance base for RWE’s Thor offshore wind farm underway in Thorsminde
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Germany sets new record for photovoltaic and wind power
Germany has accelerated the deployment of renewable energy, with record growth in solar photovoltaic power. Although currently lagging, wind power is expected to gain momentum in the future. From January to September, wind and solar exceeded fossil power generation for the first time in Germany, reaching a record 45% share. Germany is a leader in … Continue reading Germany sets new record for photovoltaic and wind power
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The Spanish offshore wind sector prepares in Cadiz for the first auction in 2025
The third edition of the Offshore Wind Congress brings together, in Cadiz from November 6 to 8, more than 400 national and international attendees who will analyze the future challenges for the deployment of floating offshore wind in Spain, under the main objective of installing 3 GW of offshore wind by 2030, identified in the … Continue reading The Spanish offshore wind sector prepares in Cadiz for the first auction in 2025
Continue readingSweden puts its industrial competitiveness and energy security at risk
Yesterday the Swedish Government cancelled 13 offshore wind projects due to military defence concerns. The announcement came unexpectedly. It is highly problematic. It is yet another setback for Sweden’s offshore wind ambitions. It undermines investors’ trust in the Swedish Government. It puts Sweden’s industrial competitiveness at risk. And it is a serious blow to Sweden’s … Continue reading Sweden puts its industrial competitiveness and energy security at risk
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The offshore wind projects won by Iberdrola this summer will mean €3B in purchases from Basque companies
Ignacio Galán, Executive Chairman of Iberdrola, today held his first meeting with the Lehendakari, President of the Basque Government, Imanol Pradales, in Vitoria-Gasteiz. The meeting, at the headquarters of the Basque Government (Lehendakaritza), is part of the regular meetings between the Executive Chairman of the company and the authorities of the Basque institutions. The Executive … Continue reading The offshore wind projects won by Iberdrola this summer will mean €3B in purchases from Basque companies
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ACP Statement on Election Results
The American Clean Power Association (ACP) issued the following statement from ACP CEO Jason Grumet after the 2024 presidential election: “The American Clean Power Association congratulates President Trump on his hard-fought victory. ACP looks forward to working with the Trump-Vance Administration to unleash American-made energy, deliver reliable power to the grid, grow the economy, and enhance our … Continue reading ACP Statement on Election Results
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Harnessing Namibia’s high-quality renewable resources can accelerate the country’s socioeconomic development
New IEA report finds strong potential to deliver quality jobs and economic growth with supportive policies that unlock strategic investments in clean energy With robust policy support in place, renewable energy can become a cornerstone of Namibia’s sustainable development and economic growth, according to a new report from the International Energy Agency (IEA) published today. … Continue reading Harnessing Namibia’s high-quality renewable resources can accelerate the country’s socioeconomic development
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TotalEnergies hybrid photovoltaic and wind power at the Castejón thermal power plant
The Ramal Sur hybrid plant will consist of an 85.8 MW wind farm and a 44.72 MW photovoltaic park for hybridisation with the existing Castejón 1 combined cycle thermal power plant, of 424.91 MW.The Official State Gazette (BOE) on Tuesday published the announcement by the Department of Industry and Energy of the Government Delegation in … Continue reading TotalEnergies hybrid photovoltaic and wind power at the Castejón thermal power plant
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