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Insurance little help for coronavirus-hit wind sector

Insurance little help for coronavirus-hit wind sector

Wind power operators will most likely be unable to successfully claim insurance payouts for problems indirectly caused by the coronavirus outbreak, according to a renewable energy underwriter.

EDPR reports jump in 2019 profits

EDPR reports jump in 2019 profits

EDP Renovaveis’ net profit in 2019 was 52% higher at €475 million, thanks principally to a 27% rise in Ebitda to almost €1.65 billion and the sale of wind assets in Europe and the US.

Record 5.2GW of offshore wind added in 2019

Record 5.2GW of offshore wind added in 2019

A record 5.2GW of fully operational offshore wind capacity was commissioned in 2019, according to a report from advocacy body World Forum Offshore Wind (WFO).

Key Suzlon lender accepts restructuring plan

Key Suzlon lender accepts restructuring plan

Government-owned State Bank of India (SBI) has approved Suzlon’s debt restructuring plan, the struggling manufacturer confirmed in a notification to the stock exchange.

German onshore tender undersubscribed again

German onshore tender undersubscribed again

Germany’s first onshore wind tender of 2020 was undersubscribed and prices inched up from its last auction, dampening hopes of a turnaround for the sector after the country held its first oversubscribed round in more than a year just before Christmas.