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wind turbines

Wind

Siemens Energy sees €4.5bn hit as wind losses widen

Siemens Energy launched a strategic review of its wind power business as problems with its turbines are expected to cause a €4.5 billion ($5 billion) net loss in one of industrial Germany’s biggest debacles.

UK

Planet-saving wind farms fall victim to global inflation fight

Off the coast of New England, winds whip over the frigid Atlantic Ocean creating perfect conditions for giant offshore turbines. While plans are in place to tap that natural power to generate electricity, progress — here and around the world — is being held up by soaring inflation.

Opinion

How automating wind turbines can support the growing renewables sector

By 2026, renewables are set to make up almost 95 per cent of increased global power capacity. The increased capacity will have a knock-on effect on the wind industry, growing the challenges already faced, such as Remote Operations Centres (ROC) struggling with the increased assets to monitor.

Wind

Wind power’s ‘colossal market failure’ threatens climate fight

Optimism abounds about the future of wind power, with a clean-energy boom powering robust growth in an industry that businesses and governments agree is key to slowing climate change. But a nagging problem could keep the sector from fulfilling that promise: Turbine makers are still struggling to translate soaring demand into profit.

Europe

Top wind turbine maker Vestas plans to raise prices

One of the world’s biggest wind turbine makers Vestas Wind Systems A/S will hike its prices as the costs of steel and transportation increase amid a global commodities boom that’s contributing to a rising risk of inflation.