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(OW) At this year’s Offshore Energy Conference and Exhibition (OEEC) in Amsterdam, Armin Seidel, Area Sales Manager Heavy Lift Ship and Offshore Cranes from Liebherr, talked about the company’s achievements throughout the years, as well as the future of crane development in the offshore wind realm. Liebherr, one of the largest construction machine manufacturers in... Continue Reading →
(OP) Spain’s Iberdrola and the UAE’s Masdar agreed on Tuesday to form a strategic partnership looking to invest $16.2 billion (15 billion euros) in offshore wind and hydrogen in major markets including the U.S., the UK, and Germany. Iberdrola, a utility giant with 41 gigawatts (GW) of renewables in operation, and the UAE’s clean energy developer Masdar... Continue Reading →
Vattenfall and BASF are in exclusive discussions to partner on the Nordlicht 1 and 2 offshore wind farms in Germany through a sale of 49 per cent of the project shares to BASF. To formally express their joint ambition, the two companies have signed a Memorandum of Understanding (MoU). The signing of the transaction is... Continue Reading →
Germany's top utility RWE will raise investments in green energy technologies to 55 billion euros ($60.21 billion) over the next seven years, it said on Tuesday ahead of its capital markets day. "Thanks to our significant financial headroom, our attractive project pipeline and our extensive expertise, we are in an excellent position to continue to... Continue Reading →
(Reuters) - Siemens Gamesa, the struggling wind division of Germany's Siemens Energy (ENR1n.DE), plans to cut costs by around 400 million euros ($436 million) by 2026, the group said during its much-awaited capital markets day on Tuesday. The goal was to "simplify organization and optimize overhead costs" while the Siemens Gamesa's onshore wind turbine capacity is... Continue Reading →
(Reuters) - BP (BP.L) is seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies to tackle inflation and equipment bottlenecks that have battered the renewables sector. The oil major plans to expand in low carbon energy in the coming decades as it seeks a long-term business model that can survive the... Continue Reading →
(Reuters) - Britain's Octopus Energy said it has made its first investment in German offshore wind under plans to scale up its renewables activity in the world's third-largest market. Octopus Energy Generation has taken a 5% stake in Butendiek, an 80-turbine offshore wind farm 32 kilometres west of the island of Sylt in the North... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) will present a deal for billions of euros in project-related guarantees backed by the German government during its results announcement on Wednesday, sources familiar with the matter told Reuters. The company in October disclosed talks with the German government, banks and Siemens AG (SIEGn.DE) over what sources said were 15 billion euros ($16 billion) in guarantees... Continue Reading →
(Reuters) - Germany's EnBW (EBKG.DE) on Monday reported an adjusted net profit of 2.36 billion euros ($2.52 billion) for the January-September period, more than double its result a year earlier, citing positive power generation and trading as drivers. The net profit compared with 1.10 billion euros a year earlier, said the south-western utility in a statement, broadly confirming... Continue Reading →
(Reuters) - The German government, Siemens AG (SIEGn.DE) and other parties involved in talks to cover billions of euros in project-related guarantees for Siemens Energy (ENR1n.DE), have agreed a deal in principle, three people familiar with the matter said. Siemens Energy makes gas and wind turbines as well as large converter stations, vital energy equipment for the country's... Continue Reading →
