Wind turbine manufacturer Gamesa outdid itself in 2016 and beat its own expectations despite several updates over the course of the year. The Spanish company plans to reach another milestone this year.
German industry conglomerate Siemens has secured an order worth EUR 315 million to connect the French and British electricity systems closer together by an additional gigawatt.
The rig company booked a new deficit but still had a much better 2016 than in 2015, when the loss came to almost half a billion dollars. But 2017 will reach a "historic low" in the drilling market, projects the company.
According to the European wind organization WindEurope, this Wednesday broke several wind production records in Europe, including in Denmark and Beligum.
In an order worth USD 400 million, Siemens will deliver five gas turbines to a combined heat and power plant in Saudi Arabia.
If the EU wants to reach its goal of greater supply security, more sustainability, and affordability in energy, it will require more gas on the market, according to an advisor from Nord Stream II, who rejects the concern that the project will lead to price increases in some parts of Europe.
The energy company has presented a nice annual result, boosted by a huge acquisition in 2015 for the first time. However, the Spanish company's wind turbines in the UK had an unusually tough year and declined by almost 50 percent.