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Wind power
US offshore wind goals will be missed, say parts manufacturers
...Vestas has agreed to supply offshore wind projects in New Jersey and New York and plans to build a nacelle factory....
November 12, 2023
JPMorgan Chase & Co
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels
...In its report, JPMorgan said changing the world’s energy system “is a process that should be measured in decades, or generations, not years”....
April 19, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Vestas Wind Systems AS
Vestas: the wind is turning for equipment manufacturer Premium content
...In downtrodden sectors, any hint that the wind is turning is greeted with strong enthusiasm. So it has proved at Vestas....
November 8, 2023
Lex PopuliPersonal Finance
Vestas: the wind turns for turbine manufacturer
...Yet in downtrodden sectors, any hint that the wind is turning is greeted with strong enthusiasm. So it has proved at Vestas....
November 10, 2023
Vestas Wind Systems AS
Vestas says plans for UK wind turbine factory depend on demand
...Andersen made the comments as Vestas reported third-quarter profits of €70mn and said it was on track to be profitable in 2023, compared with a €1.6bn loss in 2022, a more positive sign for the wind industry...
November 8, 2023
LexWind power
Wind turbine makers must pause their battle to build mega machines Premium content
...Comparing the length of wind turbine blades with international landmarks is a favourite pastime of manufacturers....
January 11, 2024
FT Live
Energy Transition Summit
Delivering a stable and efficient clean energy system
Tuesday, 22 OctoberLondon, UK & Online
Energy Source
Brighter skies for US offshore wind Premium content
...Josh Irwin, senior vice-president at Vestas, said the recent state contracts were a “step in the right direction” but larger conclusions cannot be drawn....
March 7, 2024
News updates from February 7: Netanyahu rejects Hamas ceasefire demand, Disney unveils $3bn buyback
Risers and fallers in Europe
...Vestas: Shares jumped 6 per cent after the Danish wind turbine manufacturer announced a return to profitability in 2023 and expectations for revenue growth in 2024....
February 7, 2024
Vestas Wind Systems AS
Vestas warns over lack of approvals for new wind farms
...Wind turbine maker Vestas warned of supply chain issues and slow approvals for new wind power projects as it returned to a quarterly loss, underlining the challenges facing the sector....
August 9, 2023
Ørsted AS
Ørsted suspends dividend, cuts jobs and exits offshore wind markets
...Vestas, the world’s largest wind turbine maker, on Wednesday announced a return to profitability, reporting pre-tax earnings for 2023 of €102mn following a €1.7bn loss in 2022, reflecting a healthier supplier...
February 7, 2024
Wind power
Hedge funds profit from bets against troubled wind energy stocks
...Short sellers have also targeted Danish wind turbine maker Vestas Wind Systems, whose shares are down 17 per cent this year, although they climbed last week after it confirmed it expected to be profitable...
November 14, 2023
UK energy
UK government to increase offshore wind subsidies by 66%
...Henrik Andersen, chief executive of wind turbine maker Vestas Wind Systems, said the move was an “important first step towards restoring investor confidence and getting projects back on track, which most...
November 16, 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
Wind power industry faces size problem as blades get longer than football pitches
...Nielsen at Vestas is of a similar view, emphasising the need for responsible development....
August 30, 2023
Renewable energy
Supply chain strains pose threat to UK renewables targets, report warns
...The industrial growth plan recommends making a priority of investment in crucial areas, including designing and manufacturing offshore wind blades and towers, foundations, and electrical systems....
April 16, 2024
FT Live
Hydrogen Summit
Scaling a hydrogen ecosystem to achieve net-zero goals
Wednesday, 12 JuneLondon, UK & Online
The Big Read
The problem with Europe’s ageing wind farms
...What is best for the bloc’s electricity system — and indeed the planet — is not always the right choice for corporate owners....
February 22, 2024
Labour Party UK
Labour vows to boost UK investment in floating offshore wind
...The Climate Change Committee, the government’s independent climate adviser, has described offshore wind overall as the “backbone” of the future energy system....
March 25, 2024
Renewable energy
Renewable energy stocks hit hard by higher interest rates
...Turbine manufacturer Vestas fell to a €130mn loss in the second quarter....
October 2, 2023
UK energy
UK homeowners to be compensated for electricity cables built nearby
...Vestas, the world’s biggest wind turbine maker, told the Financial Times on Wednesday that plans for a new factory in the UK depended on clear local demand, which required more government support for developers...
November 8, 2023
News updates from January 8: French PM Borne steps down, Tiger Woods to leave Nike
Chinese financial terminal Wind disrupted by ‘technical issue’
...Traders in China reported they were unable to access Wind, one the country’s most popular financial terminals, after the company told clients its system was suffering from a “technical issue”....
January 8, 2024
ExplainerClimate Capital13 min
A new frontier in offshore wind energy | FT Climate Capital
...So right now we develop a new system or new mechanism to deal with these issues. That is the credit guarantee system. The government will set a fund to guarantee the buyer....
February 1, 2024
LexSolar power
Solar energy: charge of the light brigade will rally renewables Premium content
...With more slack in its supply chain, solar now looks a better bet than wind. Wind and solar have suffered from similar difficulties. Post-Covid dislocation snarled up supply chains....
November 27, 2023
Moral Money
Corporate emissions: don’t just take their word for it Premium content
...Other options are turbine makers such as Vestas and China’s Goldwind, or companies deep in the offshore wind supply chain including Italy’s Prysmian and Germany’s Siemens Energy....
February 23, 2024
Renewable energy
National Grid ‘throttling’ battery storage development with underuse
...Batteries are an increasingly important part of the electricity system, because they help smooth out surges and lulls in the supply of electricity from wind and solar power....
April 7, 2024
Vestas Wind Systems AS
Finnish client sues Vestas over terminated Russian turbine contract
...For a typical wind turbine order, the prepayment represents around 25 per cent of the total contract, according to Vestas....
April 12, 2023

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