Welcon's record revenue shaves paper-thin profit margin

State-subsidized steel from China is making the Danish wind turbine tower supplier's profit bottom out. If the EU doesn't decide to impose a tariff on Chinese steel this year, Welcon predicts that several suppliers will collapse. "But it won't be us," the CEO says.

Paris accord's 2-degree target requires double pace in RE build-out

Investments in renewable energy hit a record once again in 2020 despite macroeconomic setbacks. However, they must more than double on an annual basis over the next 30 years if global warming is to be kept below 2 degrees Celsius on average, shows Norwegian utility Statkraft's annual climate report.

Swedish Eolus deal falls through

The sale of the three wind farms Boarp, Dållebo and Rosenskog totaling 68MW won't be happening after all, say the parties one year after the original agreement.

Vestas merges two Asian regions

To accommodate the demands of the future energy market, the turbine maker has opted to merge its China and Asia-Pacific regions.

Ørsted signs PPAs on Irish wind farms

Pharmaceutical company Johnson & Johnson has entered an eight-year PPA totaling more than 1TWh on two of the utility's recently acquired Irish wind projects.

Polytech in big layoff round CEO couldn't foresee in May

Unresolved problems behind grand climate ambitions around the world now force Polytech to lay off a large group of staff. CEO says the business it preparing for the tide turning again, hopefully to the benefit of Denmark, while admitting the necessity of following the big manufacturers.

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