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Gazprom delivers bottom line bonanza during oil crisis

The operating result was historically high and there was plenty of money in the pockets of Russian energy giant Gazprom's subsidiary in 2016. However, there are various explanations on top of a huge oil deficit in 2016.

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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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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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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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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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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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Vattenfall head of wind: Dutch defeat hurt

It hurt losing the Dutch tender, says the senior vice president of wind at Vattenfall. In spite of this, the company still had a successful 2016 in wind, and the head of wind explains that hard work is being done to further reduce costs.

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Low returns deter pension funds from offshore wind

Pension funds are seeing their returns shrink to sizes unfit for the risks from investing in offshore wind turbines. Pension fund Industriens Pension cannot picture itself entering new offshore projects while PKA has declined several projects due to the low returns.