EnergyWatch

Renewables

Minister shoots down Norwegian wind farms

Norway's Minister of Petroleum and Energy Kjell-Børge Freiberg rejects offshore wind farms on a larger scale in Norwegian waters. "They are too expensive and threaten fishing," he says.

CIP: "We have seen fantastic innovation"

"The same degree of innovation has thus far not been seen for wind turbine foundations, but it is fantastic to look at the innovation that has taken place with wind turbines, including what computational power can accomplish with simulations and aerodynamic calculations," says CIP Partner Michael Hannibal.

Vestas takes strategic leap with acquisition

With possible full acquisition in the future, the wind turbine manufacturer buys into a developer with 25 GW on the books – half of which are solar-based. This presents new growth opportunities, the company states.

Pensam aims to quintuple green assets by 2025

Setting a specific target will help Pensam to fill its portfolio with more investments supporting climate change mitigation. "Relative to our current position, this is a somewhat ambitious, yet still feasible goal," says CIO Claus Jørgensen.

Senvion files for bankruptcy protection

The German wind turbine producer has not secured refinancing from creditors but continues its efforts to save the company. Several investors have expressed interest, Senvion asserts.

Semco Maritime is ahead of schedule with offshore wind

Semco Maritime is doing better than expected from its growing offshore wind market activities, which are forecast to account for half the operator's business in 2022. Semco will not completely drop oil in the near future, despite the advance of renewables.

Amazon establishes Swedish wind farm

The global IT and retail giant's long term goal is to rely exclusively on sustainable energy for its data centers. A new Swedish wind farm is part of realizing that ambition.

GE fined millions in LM Wind case

The EU Commission punishes the US turbine manufacturer with a fine of EUR 52 million for providing incorrect information on its offshore plans.

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