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News updates from April 9: OpenAI and Meta ready new AI models; EU launches probe into Chinese wind turbine companies
EU launches probe into Chinese wind turbine companies
...Brussels has launched a subsidy investigation into Chinese wind turbine companies as it steps up efforts to protect its domestic industry from cheap competition....
April 9, 2024
Solar power
EU launches probe into Chinese wind turbine companies
...Brussels has launched a subsidy investigation into Chinese wind turbine companies as it steps up efforts to protect its domestic industry from cheap competition....
April 9, 2024
FT Live
Energy Transition Summit
Delivering a stable and efficient clean energy system
Tuesday, 22 OctoberLondon, UK & Online
Europe Express
Why the EU wants Nato’s help to protect its wind turbines Premium content
...Wind turbines above the water are easier to protect than subsea pipelines and cables, but new technologies such as distributed acoustic sensing, which allows continuous monitoring along cables, can tell...
April 16, 2024
FT live news
News updates from April 9: OpenAI and Meta ready new AI models; EU launches probe into Chinese wind turbine companies
News updates from November 21: Binance chief resigns after US guilty plea, Open AI directors in talks with Sam Altman to rejoin board
Siemens Energy targets €400mn in cuts at wind turbine business
...Siemens Energy said it is targeting €400mn of cost cuts at its struggling wind turbine business after huge losses forced it to take a €15bn government-backed bailout last week....
November 21, 2023
LexWind power
Wind turbine makers must pause their battle to build mega machines Premium content
...This Lex note has been amended to correct the capacity of the Siemens Energy turbine....
January 11, 2024
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
News in-depthEnergy sector
Osage Nation seeks damages from Enel over wind turbines on tribal land
...Enel must pay nearly $260mn to remove 84 wind turbines from the Osage Nation’s land in Oklahoma after failing to obtain a minerals permit, a federal district court judge ordered in December....
January 27, 2024
Renewable energy
Supply chain strains pose threat to UK renewables targets, report warns
...These include turbine foundations and high-voltage electricity cables, and the ships needed to install them....
April 16, 2024
News updates from November 8: Iger pledges another $2bn in Disney cost cuts, Draghi delivers downbeat EU forecast
Wind turbine maker Vestas expects profitable year after jump in orders
...The company took orders for 4.5GW of wind turbines during the quarter, 138 per cent more than in the same quarter of 2022....
November 8, 2023
LexSiemens Energy
Siemens Energy: turbine trouble pops the renewables bubble
...Danish turbine maker Vestas and wind farm specialist Ørsted have had problems too. The harsh reality is that these companies are involved in engineering projects....
October 26, 2023
News in-depthWind power
Britain turns to floating turbines to tap into ‘remarkable’ wind speeds
...Technology proving for floating projects is taking place alongside an increase in turbine size, which means each turbine can generate more power, improving the financial case for floating projects....
January 3, 2024
Lex PopuliPersonal Finance
Vestas: the wind turns for turbine manufacturer
...There are signs that business at the €21.5bn company is finally picking up. It led the pack in raising prices for new turbines after 2021. That is starting to bear fruit....
November 10, 2023
The Big Read
The problem with Europe’s ageing wind farms
...The company will dismantle 98 old turbines, replant vegetation, prepare new access roads and erect 13 bigger machines on new foundations at a cost of €120mn....
February 22, 2024
Siemens Energy
Siemens Energy plans €400mn in cuts at struggling wind turbine business
...Of the 65,000 turbines installed by Gamesa so far, Eickholt said the company was now confident the faults affected about 2,900 turbines....
November 21, 2023
Siemens Energy
Siemens Energy to restructure wind turbine business after steep losses
...The company had issued a profit warning in June....
November 15, 2023
FT Live
Energy Transition Summit India
Delivering clean energy to capitalise on green opportunities
Tuesday, 8 OctoberNew Delhi, Delhi, India
Russian business & finance
Russia foils western sanctions on natural gas project as shipments near
...Harbin Guanghan Gas Turbine stepped in to provide the remaining turbines required to operate the first train after a US company withdrew from a contract to provide 21 turbines for all three trains, according...
February 21, 2024
Vestas Wind Systems AS
Vestas says plans for UK wind turbine factory depend on demand
...The company is focused on “strengthening our commercial and operational discipline”, Andersen added....
November 8, 2023
News in-depthEnergy Source3 min
Could wooden turbines complement traditional construction? | FT Energy Source
...For example, UK-based company Renewable Energy Systems has signed a letter of intent to use around 20 of Modvion's wooden towers a year from 2026 to 2036....
November 7, 2023
Rare earths
The rare earths mine becoming a bellwether for US minerals policy
...That gives Beijing a near-monopoly on permanent magnets used in electric vehicles, wind turbines and fighter jets....
April 21, 2024
Rare earths
Mining billionaire Rinehart builds rare-earth stakes in push for non-Chinese supply
...Rare earths are a set of 17 elements used in a variety of products critical to the energy transition, including wind turbines and electric vehicles....
April 17, 2024
Energy Source
Brighter skies for US offshore wind Premium content
...Whether the turbines will be US-made is still uncertain: the company last year said it was taking a “wait-and-see” approach for plans to build a US factory because of a lack of market certainty....
March 7, 2024
Vestas Wind Systems AS
Vestas: the wind is turning for equipment manufacturer Premium content
...There are signs that business at the €21.5bn company is finally picking up. It led the pack in raising prices for new turbines after 2021. That is starting to bear fruit....
November 8, 2023
Live news updates from August 7: Saudi Aramco’s earnings fall 38%, KKR agrees $1.6bn Simon & Schuster deal
Siemens Energy warns of wider losses due to problems at wind turbine unit
...Germany’s Siemens Energy expects losses of €4.5bn this year after being engulfed by problems in its wind turbine business that had already wiped more than €6bn off the value of the company....
August 7, 2023
InterviewVisual Arts
El Anatsui — from eating Tate & Lyle sugar in Ghana to filling Tate Modern’s Turbine Hall
...It’s hard to imagine many artists finding Tate Modern’s gargantuan Turbine Hall too small to contain their ambitions, but that’s what happened when the London gallery asked El Anatsui to take on its most...
October 10, 2023
Renewable energy
Can ‘water batteries’ solve the energy storage conundrum?
...In the UK, energy companies look on in envy. Scotland has ample potential to use pumped hydro to store electricity generated by wind....
January 9, 2024

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