Vattenfall has awarded a NOK 6 billion (£438 million) contract to Aker Solutions for work on a 1.4 GW wind farm project under development off the coast of Norfolk.
Danish wind turbine manufacturer Vestas (DKK: VWS) has announced a return to profitability as it released its 2023 third quarter results.
Orsted A/S (CPH: ORSTED) shares slumped to their lowest level in six years after the Danish utility dropped two US wind projects and recorded 28.4 billion kroner ($4 billion) in impairments as the crisis in the wind industry is only getting worse.
The biggest manufacturers of wind turbines and solar panels are facing their most serious financial challenges in years even as deployments of clean energy head for an annual record.
As the German government scrambles to prop up Siemens Energy AG, another major European wind firm faces its own moment of truth after warning of billions of euros in writedowns.
Xinjiang Goldwind Science & Technology Co., the largest wind-turbine maker, said profit plunged as a price war continues to offset some of the benefits of China’s surge in clean energy investment.
A report by the Global Underwater Hub (GUH) released today has emphasised the strength of the UK supply chain but warns a continuing lack of project surety is impeding necessary investment.
New York has selected three offshore wind farms to negotiate power contracts with the state as the industry faces increasing challenges from rising costs.
The development could limit the need for expensive rock armour around offshore wind structures.
TotalEnergies will partner with offshore wind developer Corio Generation and electricity producer Rise Light & Power to develop the 3GW Attentive Energy wind farm in the United States.
Wind-farm developers are lobbying the UK government to give them more tax breaks in the fall budget, arguing that rising interest rates and supply-chain costs are putting the viability of some new projects in doubt.
(Bloomberg) - The best option for Sweden to mitigate a power crunch in the second half of this decade is to speed up approvals for offshore wind parks, said an executive with Orsted A/S, the world’s biggest developer of those sites.
Inverness-headquartered Aurora Energy Services has acquired US wind turbine blade repair and maintenance specialist Cotech Group in its first international takeover.
(Bloomberg) --When President Joe Biden in 2021 laid out a target of deploying 30 gigawatts of offshore wind capacity during the next nine years, the plan was deemed bold and ambitious.
The bid deadline for the Utsira Nord offshore wind zone has been delayed to 2024, while the deadline for Sørlige Nordsjø II has also been pushed back due to changes in the bidding criteria.
A new report has found supply chain issues, skilled labour shortages and turbine reliability are among the top concerns of the global wind industry.
Scottish Renewables has announced the shortlisted nominees for the 2023 Scottish Green Energy Awards, set to be held on November 30 in Edinburgh.
Following a deal with the UK government, Japan's Marubeni Corporation looks to invest £10 billion in offshore wind and green hydrogen projects.
The chief executive officer of Norwegian renewable energy company Statkraft has stepped down after 14 years in the position.
Global Energy Group (GEG) has secured a preassembly support contract for the 882MW Moray West offshore wind farm being developed by Ocean Winds.
BP has announced it will name its first floating offshore wind demonstration project in Aberdeen after Scottish medical pioneer and suffragette Dr Flora Murray.
Associated British Ports says it is investigating an area near Nigg Energy Park.
By combining a flat deck carrier to load multiple jackets with HLP’s new ring crane concept, project developers could cut deployment costs by 60%
The Port of Aberdeen’s “transformational” £420 million expansion project has been officially opened by The Princess Royal on Friday, September 22.
The once-booming UK offshore wind industry faces years of pain, including project delays and possible cancellations, due to soaring costs and higher interest rates.