EnergyWatch

Renewables

EDF consortium wins French tender

With a price lower than one-third of previous offshore tenders in France and significantly below the most recent onshore wind price, EDF trumps players like Ørsted, Vattenfall and major oil companies.

French wind tenders break free of stagnation

With the allocation of more than four times as many megawatts as in the previous French onshore wind tender, prices dropped significantly. However, prices are only marginally lower than in the country's first tender.

France pledges increased efforts in offshore wind

While the industry continues to wait for the latest offshore wind tender, France's government announces that it will double future tenders. Meanwhile, construction has finally commenced on the first project from the 2012 tender.

Consul sends big order to Vestas

Vestas has secured and extended a long-term contract for a project near the annexed Crimean peninsula – the manufacturer's largest Ukrainian order to date.

K2 hires execs for UK operation

The consultancy firm is upgrading its presence in the UK with, among other things, a new country director and a global asset management chief with a history in Nordex.

Acquisition bid for Suzlon timed out

The bid from a potential investor, reportedly Vestas, to take over a majority equity position on the debt-stricken wind turbine manufacturer has expired to no avail. Disagreement on Suzlon's value was the main culprit, an Indian media reports.

Senvion's credit approaches lowest rating

Lacking interest payments, loss-incurring projects and general problems prompt Moody's to downgrade the wind turbine manufacturer's credit rating to second-lowest notch with a negative outlook.

CIP's ambition with new fund exceeds offshore wind

The higher risk profile of Copenhagen Infrastructure Partner's new fund, aimed at growth markets, will be limited by selling off a completed project more rapidly than normal. But local embeddedness will remain, says partner.

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