Siemens’s earnings fell short of analyst estimates as the company saw demand for its digital industries unit drop in China while reporting a loss on its stake in the troubled wind-turbine maker Siemens Energy.
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.
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.
The Netherlands heavily relies on wind turbines in its energy transition — at the expense of thousands of birds that get killed by fast-spinning blades. Now officials say they have a solution to spare some of the migratory animals.
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.
Billions of pounds are likely to be spent on new wind turbine and foundation installation vessels this decade as industry moves address the looming shortage.
By the end of the decade, the UK is aiming to have 50 gigawatts (GW) worth of turbines spinning in the sea.
With Siemens Energy AG taking full control of its troubled Gamesa unit, executives finally have a clear path to fix a business that’s delivered three years of straight losses.
As COP27 draws to a close, the pressure on governments and companies around the world to accelerate the global energy transition away from fossil fuels and into clean energy continues to mount.
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.
Global wind turbine orders hit 43 gigawatts (GW) in the second quarter of the year, a new record.
Danish wind turbine giant Vestas is to spin off its converters and controls business to help support its strategic foucs.
Old wind turbine blades could soon be used as bus stops or dining tables as part of ambitious new plans.
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.
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.
In May 2021, the International Energy Agency (IEA) released Net Zero by 2050: a Roadmap for the Global Energy Sector, the first comprehensive study of how to transition to a net zero energy system by 2050, while ensuring stable and affordable energy supplies, universal energy access, and enabling robust economic growth.
Ahead of UN climate change conference COP26, the Scottish pro-cyclist cycled across the turbine, a stunt which has never been attempted before.
A cross-sector approach to wind turbine blade recycling could lead to the UK becoming a global leader in the field.
An Aberdeenshire woman has spoken of the “considerable discomfort” she and her family endured due to the sound generated by nearby onshore wind turbines.
Siemens Energy AG is being overwhelmed with requests to build turbines in countries tapping wind resources and concerned about global supply chains or insistent on broadening the local economic benefits of renewable power.
A coalition of industry and academic leaders have developed a new technology to enable circularity for thermoset composites, the material used to make wind turbine blades.
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.
A Scottish green energy supply chain firm is in contention to win a prestigious climate change award for its efforts to promote a circular economy.
A wind turbine data-sharing program, which aims to enhance operational performance visibility in the renewables sector, has been launched.