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Siemens lands huge British/French order

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.

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Iberdrola grows in spite of horrible wind year in the UK

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.

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Advisor: Nord Stream II necessary to reach energy targets

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.

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RWE heralds impairment of EUR 4.3 billion

If shareholders in major German utility RWE believed that the company was now headed towards a brighter future after several years of crisis, they are set to be disappointed.

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Number of Danish wind turbines drops again

While some aging Danish wind turbines are about to retire, these will not be replaced to the number by newer generations. Instead, wind turbines are growing bigger and more powerful, and the Danish Wind Turbine Owners' Association hopes this will help turbines lose their reputation as bad neighbors.

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Largest US offshore project selects UK cables

British cable manufacturer JDR Cables will supply the cable connection for what could become the largest offshore wind farm in the US. The manufacturer had to promise local jobs to land the order.

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Commercial fishermen lose case against US offshore wind farm

The hopes of stopping the 800 MW wind farm off the coast of New York City have failed for a coalition of commercial fishermen. "But our case will continue, and we are confident that we will succeed on the merits," states the coalition which still hopes to bury the project.

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Norway continues rapid launch of electric cars

During the first month of this year, 381.5 times as many electric cars were sold in Norway compared to sales in neighboring country Denmark. Including hybrids, electric cars held more than one third of the Norwegian market.

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Statkraft reduces deficit in spite of massive impairments

Norwegian energy major Statkraft still has red numbers on the bottom line and plans to implement redundancies over the next two years. Large-scale impairments take their toll, but the company gets some help from exchange rate fluctuations.

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EU Parliament passes reform of quota system

It looked like it would be a narrow vote regarding a reform of the EU system for trading CO2 quotas. But several of the overall proposals were approved by a majority. The vote was negative, however, on a proposal for an import tariff.

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The Netherlands votes to find another offshore wind farm

Dong and Shell's low prices have prompted the Dutch parliament to instruct the government to investigate the possibility of additional wind farms. A green majority looks set to maintain power even after the impending election, according to the proposer.

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Solid wind returns for pension funds in new markets – but not for long

Pension funds are witnessing offshore wind projects generate smaller returns than was the case just two-three years ago. However, there are greater returns to be made if you are willing to take the risk of being among the first to enter the offshore wind markets in the US and Taiwan. PKA is already evaluating specific projects in the new markets.

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The future for Siemens could be decided in one month

US authorities have approved the merger with Gamesa, according to the Spanish manufacturer. Now, all there is left to do is wait for the EU approval which, according to media, depends on the sale of an offshore wind company.

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Danish government abandons climate targets for 2030

Denmark will not set a national CO2 reduction target for 2030, announced the minister for climate. The Conservative party, usually considered the 'green' voice of the current government coalition, has stated that compromises must be made. Meanwhile, opposition parties call it unambitious.