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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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European offshore wind breaks record

According to the European wind organization WindEurope, this Wednesday broke several wind production records in Europe, including in Denmark and Beligum.

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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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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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Cable manufacturer NKT reduces deficit before major acquisition

Cable manufacturer NKT makes progress during 2016 and expects a bright future in the European transmission market after acquiring ABB's cable division. However, the year will not exactly be booming. The result improved by EUR 22 million but the bottom line remains in the red.

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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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BP considers upgrading its wind turbines

BP's biggest investment in renewables in many years could be coming up. The company is weighing whether or not to upgrade its wind turbines so that they can produce more energy.

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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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Vattenfall: "We are still in rough waters"

Vattenfall faces a bright future, says the CFO, although he is experiencing issues with conventional gas facilities and power plants. Meanwhile, he eyes the opportunity of profiting on the electrification of the heating and manufacturing sectors. However, this will require Vattenfall taking whole-hearted action and doing it fast.

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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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GE names new CEO for onshore wind business

Just a few months after a demotion in the offshore business, the US wind turbine manufacturer is once more reshuffling its executive team while also establishing a new service division.

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Sampension waiting for chance to enter offshore wind

Danish pension fund Sampension has yet to directly invest in offshore wind farms and is awaiting attractive opportunities. EnergyWatch's sister site FinansWatch has interviewed Henrik Olejasz Larsen, Chief Investment Officer at Sampension, about his take on the investment opportunities in offshore wind projects.

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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.