Mingyang Enters Deal with Renexia, Italian Gov’t to Set Up Shop in Italy; 18.8 MW Offshore Wind Turbines Planned for Large-Scale Mediterranean Project

(offshoreWind.biz) Renexia, Mingyang Smart Energy and Minister Adolfo Urso from the Ministry of Enterprises and Made in Italy (MIMIT) have signed a memorandum of understanding (MOU) that will see the Chinese OEM producing wind turbines in Italy and supplying 18.8 MW wind turbines for Renexia’s Med Wind floating wind farm. The agreement includes a EUR... Continue Reading →

August 9, 2024 0

Siemens Energy raises cash flow outlook as turnaround gains momentum

(Reuters) - Siemens Energy on Wednesday raised its free cash flow outlook for the second time in three months, citing stronger demand for its power grid equipment and gas turbines as the group recovers from a crisis at its wind division. The company, which supplies the utility sector with components and services, had to seek help from the... Continue Reading →

August 7, 2024 0

EWE, Siemens Energy to build 280 MW green hydrogen electrolysis plant

(Reuters) - Turbine and engine maker Siemens Energy (ENR1n.DE), opens new tab will build a 280-megawatt (MW) green hydrogen electrolysis system for Northern German utility EWE (LANDWE.UL) which is expected to begin operating in 2027, the two companies said on Thursday. The awarding of the contract is one of a flurry of deals after Germany last week... Continue Reading →

July 25, 2024 0

WindEurope Warns Against Negative Bidding (Again) as Germany, Netherlands Bag EUR 4 Billion Through Offshore Wind Tenders

(offshoreWIND.biz) European wind energy industry organisation, WindEurope, has warned that the negative bidding approach will lead to the bid costs falling onto the supply chain and/or electricity consumers after Germany and the Netherlands closed their latest offshore wind tenders, securing nearly EUR 4 billion in total through winning bids. In both countries, the offshore wind... Continue Reading →

June 27, 2024 0

Iberdrola Gives Go-Ahead for Its Third Offshore Wind Farm in Germany

(OE) Iberdrola has taken the final investment decision (FID) for its Windanker offshore wind farm, located in the German Baltic Sea, advancing the 315 MW project to delivery phase. Windanker wind farm will reinforce Iberdrola’s Baltic Hub, which will add more than 1,100 MW of installed offshore wind capacity, comprising also the Wikinger project with 350 MW,... Continue Reading →

June 27, 2024 0

EnBW, TotalEnergies Win in 2.5 GW German Offshore Wind Auction as RWE Bows Out

(offshoreWIND.biz) Germany’s Federal Network Agency has awarded 2.5 GW of offshore wind across two areas in its latest auction that saw two bidders collectively pay EUR 3 billion for the opportunity to develop in the North Sea. EnBW has secured the 1 GW N-12.3 area in the German North Sea. The company won the site at... Continue Reading →

June 24, 2024 0

Vestas Gets Offshore Wind Turbines Order for RWE’s 600MW Project in Germany

(OE) Danish wind turbine maker Vestas has secured an order to supply 44 offshore wind turbines, each rated at 14 MW, for RWE’s Nordseecluster A offshore wind project in Germany. The Nordseecluster is being implemented in two phases – Nordseecluster A and B. For the first phase of the project, Vestas will be supplying 44... Continue Reading →

June 14, 2024 0

Iberdrola to Triple Offshore Wind Assets

(Reuters) Europe's largest utility Iberdrola will keep betting on offshore wind in the coming years, roughly tripling the value of its assets in the sector to 17 billion euros ($18 billion), Executive Chairman Ignacio Sanchez Galan told shareholders on Friday. In the past couple of years, the Spanish firm has shifted its focus to upgrading... Continue Reading →

May 17, 2024 0

Hy2gen USA and Ocean Connect to Explore Hydrogen Production from Offshore Wind

(OE) Hy2gen USA, the U.S. subsidiary of German-based green hydrogen producer Hy2gen, and Ocean Connect Energy (OCE) have signed a memorandum of understanding (MoU) to jointly investigate the potential to power renewable hydrogen production from offshore wind. The MoU formalizes a collaboration between the two companies to identify, evaluate, and develop favorable locations to power... Continue Reading →

May 17, 2024 0

RWE posts better than expected Q1 profit on strong winds, trading

(Reuters) - RWE , Germany's largest electricity producer, on Wednesday posted better-than-expected core profit for the first quarter, boosted by stronger winds and a better than expected performance at its trading division. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the period fell more than a quarter to 1.71 billion euros ($1.85 billion), while... Continue Reading →

May 15, 2024 0

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