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Siemens Energy ups ownership of wind turbine maker Siemens Gamesa to 92%

Siemens Energy is to increase its ownership of Siemens Gamesa to 92%, paving the way for the delisti...

Cost pressures ‘could limit UK renewables tender’

Renewables industry groups are concerned that planned price caps in the UK’s forthcoming contracts f...

German wind sector braces for ‘excess proceeds’ levy

The German wind industry is concerned that Berlin’s plans to implement a levy on “excess proceeds” o...

Irish wind industry fears investor flight after operators hit with cap on revenues

Ireland's wind energy sector has reacted with disappointment as its government set a revenue cap of ...

Dutch 21GW ambition needs policy shift or offshore profits will plummet, report warns

Offshore wind in the Netherlands is likely to be unprofitable by 2030 under current policy without a...

Industry dismay at UK government plan for 45% windfall tax on renewables

Wind industry and renewable energy experts have reacted with dismay to the UK government’s budget an...

Seagreen offshore wind delays hit SSE Renewables profits but pipeline tops 10GW

British utility SSE said the profitability of its renewables division, SSE Renewables, was "negative...

Nordex expects 2022 loss as cost inflation continues to bite

Nordex tightened its financial guidance for 2022, forecasting an operating loss for the calendar yea...

Siemens Gamesa records huge net loss for full-year results

Siemens Gamesa reported a net loss of €940 million for its 2022 fiscal year (1 October 2021-30 Septe...

Danish renewables developer Ørsted profits soar from offshore wind sales

Danish developer Ørsted’s profits surged in the third quarter and first nine months of the year afte...

Wind turbine maker Vestas lowers outlook as supply chain woes continue

Wind giant Vestas has lowered its financial expectations for 2022 as supply chain instability and co...

GE confirms plans to cut 'about 20%' of global onshore wind workforce

General Electric CEO Larry Culp Jr confirmed the US giant would look to cut global onshore wind jobs...

Siemens Gamesa chief calls for EU turbine quota to protect industry from ‘unfair’ Chinese competition

Siemens Gamesa has called for quota system to be introduced that guarantees a set proportion of EU-p...

‘Eye-watering’ price of UK energy makes case for wind

A sharp rise in the energy price cap for households in the UK shows the urgent need for a swifter tr...

Dominion threatens to scrap Virginia project if ‘untenable’ requirement imposed

Dominion Energy Virginia is warning that it may scrap its proposed 2.6GW wind project off the coast ...

Indian giant ReNew Power secures $1bn loan for gigascale 24/7 wind-solar-battery project

India’s ReNew Power has secured a $1 billion loan to fund a 1.3GW portfolio of wind and solar projec...

Wind turbine maker Nordex’s losses widen amid war and supply chain woes

Supply chain challenges, raw material inflation and low installation figures meant Nordex’s net loss...

France offers wind farms higher electricity price boost

France plans to allow new wind and solar projects to sell their electricity directly to the market f...

BloombergNEF: H1 wind spending increases despite supply chain challenges

Investors increased their backing of both onshore and offshore wind projects in the first half of th...

Wind turbine manufacturer Siemens Gamesa eyes leaner company structure but pricing challenge lingers

Siemens Gamesa plans to “leave no stone unturned” when cutting costs as part of its Mistral turnarou...

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