EnergyWatch

Renewables

Trump's 'America first' foreign policy erodes work on climate

Almost 200 countries have sent representatives to discuss climate initiatives at COP23 in Bonn, Germany. The shadow cast by Donald Trump's withdrawal from the global climate pact leaves some nations questioning why they must shoulder the burden instead.

US blade manufacturer opens tech center in Denmark

Denmark is strengthening its position as a hub for the development of wind turbine blades as US-based TPI Composites plans to open a research and technology center in the city of Kolding next year. It remains uncertain how many engineers the company will hire.

Beatrice will be ready on time despite distressed supplier

The consortium behind what will be Scotland's largest offshore wind farm does not expect delays on the project, even though a subcontractor is under such financial pressure that staff may not be paid. The owners have declined to comment on whether they feel responsible for the supplier's struggles.

NKT performs as expected

The cable manufacturer had no surprises to announce one month after presenting its preliminary results.

Senvion warns of possible delays

The German wind turbine manufacturer is upset by a "disappointing" number of orders on its home market, where the company wants to see regulation changed.

NKT will be preferred supplier for Moray East

"With the selection of NKT for the Moray East wind farm, our leading position in the offshore wind segment is confirmed," reveals the company after a cable order of between EUR 130 and 150 million.

Neas aims magic wand at huge wind project to significantly reduce risk

Danish energy trading specialists have found a seemingly undiscovered structure in the Nordic electricity market and will use it to cover risk on the largest corporate-based PPA in the world to date. Neas hopes that the "new and advanced balancing and hedging structure" can reduce risk for other wind turbine owners and secure the company solid footing in blossoming financial markets.

German turbine manufacturer doubles deficit

Despite one major order, the value of Senvion's orderbook is declining. Key figures are also sliding and the EBIT loss before special items has multiplied by more than twenty.

Vestas CEO rejects plans to reduce staff

Despite downgrading guidance for the full year and taking an investor bashing of DKK 21 billion, Vestas has no plans to lay off staff despite stating that production must be adapted to the market.

Vestas wakes up to new reality in 2018

ANALYSIS: Increased competition and downward price pressure have long been at the top of the agenda for all players in and around the wind industry. Yet it seems that the dark clouds have mainly loomed over others than Vestas. Today, rainfall hit the Danish manufacturer.

Siemens lost money on wind in the past quarter

The German conglomerate delivered an overall weaker result than expected in this year's fourth quarter on account of weak electricity and gas sales as well as a deficit from Siemens Gamesa.

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