Siemens is set to transfer its 67.1% stake in Siemens Gamesa Renewable Energy (SGRE) to its gas and power unit, after a majority of shareholders approved plans for the transfer.
The Danish fund manager Copenhagen Infrastructure Partners (CIP) has secured €380m in green finance to shore up 12 wind projects under construction in Spain totalling 487MW capacity.
Siemens Gamesa Renewable Energy (SGRE) has launched a new turbine, the SG 3.4-145, specificlly developed to further boost the company's presence in the Indian market.
Japanese authorities have finalised 10 floating sites with the potential for offshore wind development around the country.
The EU aims to support the development of up to 40GW of electrolysers as part of a green hydrogen strategy that prioritises production from wind and solar energy. However, the EU will also fund carbon capture and storage (CCS) technologies that can only partly mitigate the use of fossil fuels to generate hydrogen.
The Taiwan Semiconductor Manufacturing Company (TSMC) has agreed to buy the entire output from Ørsted’s 920MW Greater Changhua 2b & 4 project off Taiwan's west coast, making it the largest agreed corporate power purchase agreement in history.
With the influx of renewables on the grid in recent years and the slump in demand due to Covid-19 health crisis, the price of oil has plummeted. So is there case to be made to store up oil at these low costs for when times are hard? Or should the global pandemic be the catalyst to leaving oil in the ground? We take a look at some of the figures.
Enercon‘s recent €1.15 billion agreement with banks — a €550 million business loan extension and a new €600 million new guarantee facility — reflects confidence in the company‘s recovery path. Meanwhile, improved export credit guarantees for renewables launched by the German government could help the turbine maker reposition itself as a global player.
After March and April saw the industry battle huge challenges as the coronavirus epidemic swept the globe, May saw its attention turn to what the new normal could look like once the health threat fades.
As lockdowns and travel restrictions forced factory closures and paralysed the supply chain, the lack of visibility of the ongoing Covid-19 pandemic caused Vestas, Siemens Gamesa Renewable Energy (SGRE), and Nordex to suspend their full-year guidance.
The merger of Siemens and Gamesa was never going to be a simple affair. Two major multinational wind-turbine manufacturers pursuing separate markets with different turbine technologies might have made all kinds of sense as a business plan on paper, but threw up all manner of questions about how that could actually be achieved on the production floors and at project sites.
There was always something slightly dispiriting about the phrase "energy transition". It represented something sluggish and recalcitrant -- a creeping, crawling process through conferences and committees about how shifting from dirty and resource-finite sources to clean and sustainable energy could be managed in the prevailing economic and political circumstances.
This column is generally written with the reasonable expectation that the world will not have radically changed in the seven to ten days it takes to get from this keyboard to your intray. That is clearly not the case on this occasion.
The UK government’s effective ban on the development of onshore wind was impossible to reconcile with a target of net-zero emissions by 2050.