The crisis engulfing Europe’s wind industry is proving to be a wake-up call: things have to change radically to make progress on what’s a key part of the climate transition.
“The North Sea is probably the most attractive area in the world for offshore wind,” Vestas CEO Henrik Andersen said.
Danish wind turbine manufacturer Vestas (DKK: VWS) has announced a return to profitability as it released its 2023 third quarter results.
“Shifting business models toward greener activities is about more than being virtuous for the sake of the planet,” says BNEF’s Michael Daly. “There’s a huge financial opportunity for companies that help drive the energy transition.”
Henrik Andersen says the first six months of 2023 “also highlighted” that permitting and regulatory uncertainty remain a key barrier to accelerating the energy transition.
Danish turbine manufacturer Vestas will supply units for an onshore wind farm in the south of Scotland.
The renewable energy firm, EDPR, has appointed Carmen Caminero as its manager of the UK and Ireland.
The soon-to-be most productive onshore wind farm in the UK, Shetland’s Viking, has had the first of 103 turbines installed.
Wind power industry growth dropped to the lowest in three years in 2022, hit by rising costs and shifting government policies.
The government made the Round 5 awards in October 2021. Red Rocket reached financial close on the plans in November 2022. Absa and Standard Bank were mandated lead arrangers for the project financing.
A new report from Moody’s finds that wind turbine manufacturers are struggling with margins, despite buoyant long-term forecasts for the sector.
Vestas has unveiled a crucial new technology that could put an end to decommissioned wind turbine blades being sent for scrap.
Global Port Services has confirmed the award of multiple contracts in support of the Seagreen wind farm, securing over 100 jobs and marking its first major awards since the opening of a new quayside space.
Half of the turbines are now in place at what will soon become Scotland’s largest offshore wind farm, as the construction of Seagreen continues off the Angus coast.
Panellists at a floating wind event in Aberdeen said the sector was ready for commercial deployment but must now work to get projects in the water lest the UK lose its valuable head start.
Inch Cape Offshore has appointed the Danish Vestas as the preferred wind turbine supplier for the 1.1 GW Inch Cape Offshore Wind Farm in Scotland.
Danish wind turbine giant Vestas is to spin off its converters and controls business to help support its strategic foucs.
Vestas has blamed rising energy prices, supply chain disruptions and inflation for a reduction in profits last year.
Turbine manufacturer Vestas has set out the ongoing challenges in the business environment on its operations.
Wind turbine manufacturing giant Vestas (CPH: VWS) has been named as the most sustainable company in the world for 2022.
Building an additional 10GW of offshore wind capacity by 2030 is an important piece of the jigsaw puzzle that makes up Scotland’s plans to try to reach Net Zero. ScotWind will be ground-breaking both in terms of size and opportunity.
Marshalling operations for what will be Scotland’s largest offshore wind farm have kicked off in North East England.
Developers of Scotland’s largest offshore wind farm are celebrating after the final turbine at the project was successfully installed.
A leading figure behind a major Scottish onshore wind farm says he expects the development to deliver “exceptional” levels of productivity.
Danish wind turbine giant Vestas Wind Systems has revised its outlook for the year as it feels the sting of rising commodity prices.