Tag Archives: wind energy

Ørsted Halts Hornsea 4 Offshore Wind Project in the UK Due to Rising Costs and Increased Risks

(IN BRIEF) Ørsted has decided to discontinue the Hornsea 4 offshore wind project due to increased costs, higher interest rates, and elevated risks, making the project’s current execution untenable. The company plans to explore alternative options for the project while … Read the full press release

Ørsted Expands Partnership with Schroders Greencoat through GBP 456 Million Farm-Down of West of Duddon Sands Stake

(IN BRIEF) Ørsted has completed a farm-down of a 24.5% stake in the West of Duddon Sands Offshore Wind Farm to Schroders Greencoat, valued at GBP 456.1 million. The transaction supports Ørsted’s capital structure, risk diversification, and capital recycling strategy. … Read the full press release

thyssenkrupp Sets Record in Patents and R&D Investment on World Intellectual Property Day

(IN BRIEF) On World Intellectual Property Day 2025, thyssenkrupp highlighted its innovation success with a record 422 patent applications in fiscal year 2023/24. The company also maintained strong investments in research and development, with €690 million spent in the same … Read the full press release

ZF Wind Power Unveils World’s Largest Validation Test Rig to Accelerate Innovation in Wind Turbine Systems

(IN BRIEF) ZF Wind Power has commissioned the world’s largest and most powerful wind powertrain validation test rig, now operational at its Test and Prototype Center in Lommel, Belgium. The 30 MW rig is capable of simulating real-world forces on … Read the full press release

Nordex Group Q1 Performance Surges to 2.2 GW with Increased ASP and Strong Orders from Türkiye, Germany, and Finland as 337 Turbines Are Booked Across 10 Countries

(IN BRIEF) The Nordex Group reported a 5 percent year-on-year increase in order intake for Q1 2025, reaching 2,182 MW in its Projects segment (excluding the Service business), up from 2,086 MW in Q1 2024. In addition, the average sales … Read the full press release

Boosting Europe’s Energy Future Through Accelerated Wind Deployment

(IN BRIEF) At its 2025 annual event in Copenhagen, the European wind industry outlined a call to action to help Europe address growing energy security and competitiveness challenges amidst economic uncertainty and evolving energy dynamics. The industry highlighted that wind … Read the full press release

Vestas CEO Henrik Andersen Takes Helm of WindEurope to Propel Europe’s Energy Future

(IN BRIEF) WindEurope’s Board of Directors has named Henrik Andersen, CEO of Vestas, as the new Chair for an 18-month period, with Rasmus Errboe, CEO of Ørsted, serving as Vice-Chair. This leadership change comes at a pivotal time as Europe … Read the full press release

Industry Leaders Pioneer Circular Economy in Boat Manufacturing with Recycled Composites

(IN BRIEF) A coalition of major industry players has launched a pioneering initiative in Western France to transform boat manufacturing through a circular economy model. In this breakthrough collaboration, Groupe Beneteau will incorporate recycled composite materials, including Arkema’s innovative Elium® … Read the full press release

RWE Launches First Solar Plant in Italy, Advancing Renewable Energy and Biodiversity Efforts

(IN BRIEF) RWE has inaugurated its first solar plant in Italy, the 8.3 MWac Bosco facility, which will provide green electricity to 7,000 households. The project features a wildlife-friendly fence and is integrated with RWE’s local wind farms to optimize … Read the full press release

PNE AG Reports Record Growth in Clean Electricity Marketing, Supporting 600 MW in 2024

(IN BRIEF) PNE AG has seen significant growth in its consulting division, supporting 137 renewable energy projects, including 45 wind and photovoltaic initiatives totaling 600 MW in 2024. The company’s success highlights the rising demand for customized marketing strategies in … Read the full press release

EIB and BNP Paribas Partnership to Drive €8 Billion Investment in Europe’s Wind Energy Sector

(IN BRIEF) BNP Paribas and the European Investment Bank (EIB) have announced a partnership to inject up to €8 billion into the European wind energy sector. With a €500 million counter-guarantee from the EIB, BNP Paribas will back wind farm … Read the full press release

RWE’s Amrumbank West Offshore Wind Farm to Provide Key Grid Stabilisation Services Starting 2025

(IN BRIEF) RWE has successfully integrated its Amrumbank West offshore wind farm into the German power grid, where it will provide 60 MW of secondary reserve to help stabilise the grid. This marks the first time RWE has offered grid … Read the full press release

wpd Secures Long-Term Power Purchase Agreement with LyondellBasell for Licata Wind Farm in Italy

(IN BRIEF) wpd has signed a ten-year PPA with LyondellBasell for the Licata onshore wind project in Sicily. The project, featuring seven Vestas turbines, will generate 79,000 MWh annually, supporting LyondellBasell’s emissions reduction efforts. This partnership underscores LyondellBasell’s commitment to … Read the full press release

AFRY Partners with Landsvirkjun for Iceland’s First Utility-Scale Wind Farm at Búrfell

(IN BRIEF) Iceland’s state-owned energy company, Landsvirkjun, has partnered with AFRY to develop the country’s first utility-scale wind farm at Búrfell. With a capacity of 120 MW from 28 turbines, the project will utilize the existing hydropower infrastructure to minimize … Read the full press release

PNE AG Reports Strong Sales and Expansion in 2024, With Over 751 MW of Wind and PV Projects Sold

(IN BRIEF) PNE AG successfully concluded the 2024 operating year, achieving significant sales with six wind and photovoltaic projects totaling 751.3 MW. This included key projects in Canada, South Africa, Scotland, and Germany. The company also expanded its own wind … Read the full press release

Exus Renewables Expands Hybrid Energy Portfolio with Acquisition of 130MWp Cibele Solar Farm from Lightsource bp

(IN BRIEF) Exus Renewables has acquired the 130MWp Cibele solar farm in Portugal from Lightsource bp, expanding its renewable energy portfolio in Iberia. Construction is set to begin soon, with operations expected to start in 2026. The solar farm’s strategic … Read the full press release

Equinor Secures Over USD 3 Billion Financing for Empire Wind 1 Project in U.S.

(IN BRIEF) Equinor has secured over USD 3 billion in financing for its Empire Wind 1 offshore wind project in the U.S., with financial close reached in December 2024. The project, which will power 500,000 homes in New York by … Read the full press release

EIB and Intesa Sanpaolo Unveil €8 Billion Wind Energy Investment Initiative to Boost European Renewable Energy Sector

(IN BRIEF) The EIB and Intesa Sanpaolo have partnered to drive up to €8 billion in investment for Europe’s wind energy sector, leveraging a €500 million EIB counter-guarantee to enable Intesa Sanpaolo to create €1 billion worth of bank guarantees. … Read the full press release

wpd Highlights Global Growth and Wind Energy Expansion at WindEnergy 2024

(IN BRIEF) wpd will showcase its ongoing growth and future plans at WindEnergy 2024 in Hamburg from September 24 to 27. The company, a leader in wind farm development, operates in 31 countries and has a project pipeline exceeding 19 … Read the full press release

EIB Grants €35 Million Green Loan to Haizea Wind Group to Advance Wind Energy Manufacturing in Europe

(IN BRIEF) The European Investment Bank (EIB) has granted a €35 million green loan to Haizea Wind Group, a Spanish wind energy component manufacturer. This investment aims to enhance innovation and digitalization in the wind sector, supporting the REPowerEU plan … Read the full press release