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Wind turbine maker Siemens Gamesa confirmed a gloomy outlook for a potentially negative full-year profit margin on Thursday, hours after naming a new Chief Executive to try to revive its fortunes. The world's largest maker of the offshore turbines that could help reduce reliance on planet-warming carbon blamed a first-quarter operating loss of 309 million... Continue Reading →
Offshore wind turbine makers have been working to build increasingly bigger turbines, and the likes of GE, Siemens Gamesa, Vestas, and MingYang have in the past two years or so unveiled designs for giant 14-16MW rated units.It has been said that larger turbines, while more expensive per unit, reduce the overall cost of large-scale offshore wind... Continue Reading →
Italy's Saipem risks becoming a casualty of the transition to cleaner energy after a shock profit warning left leading shareholders scrambling to shore up the finances of the energy services company. The Saipem board met on Tuesday to discuss the situation, a source close to the matter told Reuters, after shares in the company at one... Continue Reading →
(epbr) Projects for wind power generation in Brazilian waters add up to 80 gigawatts (GW) of power, according to January 27 data from Ibama. The growth is significant compared to last year – in July, the projects totaled 42 GW. The amouint is almost four times the current installed capacity of onshore projects in Brazil,... Continue Reading →
(Reuters) - Italian energy services group Saipem is talking to investors about a possible funding package, the group said on Monday after warning it will take a heavy loss for 2021, triggering a halt in its shares to prevent a stinging sell-off. Saipem has struggled to regain traction after global lockdowns caused by COVID-19 throttled... Continue Reading →
(Reuters) Siemens Energy has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa, sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the current ownership structure. The company is currently working with advisers to look at options for how to best acquire the remaining... Continue Reading →
Decree clarifies the requirements for the assignment of use of public assets in offshore areas for the purpose of generating electricity The President of the Republic issued decree nº 10.946/2022, which provides for the assignment of use of physical spaces and the use of natural resources for the generation of electricity from offshore ventures. The... Continue Reading →
(Valor) Potential investors in the offshore wind segment are waiting for the government's regulatory definitions to start projects in the seas of Brazil with the legal certainty characteristic of the electricity sector. The Brazilian Wind Energy Association (Abeeólica) is in a hurry to get the main regulatory guidelines for contracting offshore wind farms out, as... Continue Reading →
Equinor and BP on Friday announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1 offshore wind projects. Empire Wind is located 15-30 miles southeast of Long Island and spans 80,000 acres, with water depths of... Continue Reading →
(OE) The Biden administration on Wednesday outlined a range of measures to speed the growth of clean energy on the U.S. power grid, including the government's largest-ever sale of offshore wind leases in waters off the coast of New York and New Jersey. The announcement, which seeks to advance President Joe Biden's ambitious climate change agenda, comes... Continue Reading →
