Suzlon CEO JP Chalasani has resigned after the company's full-year net losses widened to INR 26.9 billion ($361 million) for its last financial year.
EDP has suspended CEO António Mexia and and EDPR boss António Mexia and appointed interim chief executives as police investigate suspected corruption involving a former economy minister, the group confirmed in a statement to market regulator CMVM.
‘Investigation works’ for a 100MW floater — to be phased up to 1GW — in an old gas field off south-west Ireland are being carried out by developer Simply Blue Energy to assess the project’s feasibility.
The Norway-based oil major is probing South Korean waters to find out whether building an 800MW floating offshore project off the country's south-east coast is feasible.
Five of the ten largest wind farms fully commissioned in June were in the United States, with those projects accounting for almost a third of the capacity brought online globally last month.
How the global coronavirus (Covid-19) pandemic is impacting the industry's 2020 goals.
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.