EnergyWatch

Renewables

MHI Vestas appoints new chief execs

The offshore wind turbine manufacturer is hiring a Frenchman and a former Nordex executive from Denmark as its new CEOs, while Anders Runevad will serve as new chairman of the board.

Fortum launches first Russian wind farm

The Finnish utility will install 1,000 MW Vestas farms in Russia in collaboration with a Russian company. Russia's first project has now begun operations, albeit with Chinese turbines.

Onshore wind now beats fossil energy globally in price

A continued decline in price means that not only solar power and onshore wind will be cheaper than fossil energy in 2020, but the same will be true of offshore wind and other renewables, according to a new report. However, Europe might lose jobs.

Major German coalition rumored to be close

After almost four months with no government in Germany, Angela Merkel and the German social democratic party SPD are close to teaming up. The nation will allegedly drop its 2020 target for CO2 emissions, however, green ambitions for 2030 will significantly increase.

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