Business & FINANCERSS feed
News & in-depth analysis of wind power and renewable energy business, companies, contracts and deals.
Ørsted enters Irish offshore wind with 5GW ESB deal
Ørsted is due to enter Ireland’s offshore wind market after signing a deal with local utility ESB to co-develop a 5GW pipeline of projects.
Analysis: Chile’s renewables boom becomes ‘perfect nightmare’ as firms face ruin
After a golden decade, Chile’s renewable industry boom is facing a reckoning and some of its biggest players are in financial difficulty, while dozens more could leave the sector amid disagreement over how to solve the crisis.
Enercon wins large turbine order in Turkey
German manufacturer Enercon has secured a deal to supply 260MW of its wind turbines to several Turkish wind farms currently being developed by energy company Kalyon Enerji.
News and Analysis
China to lead renewable energy installations in record year for onshore wind - IEA
New additions of wind, solar, and other renewables are expected to jump by a third, according to a new report published by the International Energy Agency (IEA) that suggests the green transition is accelerating.
Corio and Hyperion join scramble for Portugal offshore wind
Offshore wind firm Corio and Portuguese renewables developer Hyperion will pursue offshore wind development in Portugal after the pair signed a memorandum of understanding (MoU).
US unsubsidised onshore wind LCoE jumps by nearly 40%
The levelised cost of energy (LCoE) for unsubsidised US onshore wind has jumped nearly 40% in the last two years amid inflation and supply chain constraints but is still competitive against fossil fuels, a study claims.
Scandinavia round-up: Late-spring flurry of projects, PPAs and investments
The late spring has seen a flurry of activity in Scandinavia.
Ørsted buys Eversource stake in US offshore wind area for $625m
Ørsted has agreed to buy out US utility Eversource Energy’s 50% stake in the uncontracted federal offshore wind lease area they currently jointly own.
Time the wind industry found its ambition on gender diversity
The wind and wider renewables industry knows the value – and sometimes the challenges – of demonstrating a social licence to operate but it’s not just about engaging with community stakeholders around the development of projects.
Why IRA changed everything: Windpower Monthly talks to GE onshore chief Vic Abate
A leaner company focused on core markets and selling fewer turbine variants is the way back to profit for GE as it prepares to capitalise on the far-reaching effects of the Inflation Reduction Act on the US market, says the OEM’s onshore CEO, Vic Abate.
GE has learned a hard lesson from its patent battle with Siemens Gamesa
Last month, Siemens Gamesa and GE agreed to an amicable settlement on offshore technology licensing across the US and other geographies.
Envision’s turbine underlines threat to western OEMs' market share outside Europe
Envision Energy unveiling its 10MW turbine is a timely reminder of the pace of change among Chinese turbine firms – and the threat to western OEMs’ market share.
Enercon CEO Jürgen Zeschky discusses the hurdles facing the wind industry
After a year at the helm of Enercon, the company's CEO, Jürgen Zeschky, talks to Eize de Vries about wind power’s role to help Europe achieve energy independence, hurdles facing the industry and what more politicians should do.