politics & business

politics & business

Areva wants to sell its Adwen-shares to Gamesa

Areva’s Board of Directors has decided to authorize its Executive Management to sell the company’s shares in the offshore wind company Adwen to Gamesa. With this, Areva further advances its focus on nuclear power.

Updated Global Wind Power Market Forecast

Policy clarity in several global key markets will influence worldwide growth of the wind power market positively and negatively. But overall, the effects balance out over a ten year span with a net upgrade of less than 600 MW, renewable energy consulting company MAKE reported in an update of their Global Wind Power Market Outlook.

The top 25 global wind asset owners in 2015

The Top 25 global wind asset owners. (Source: MAKE)

In 2015, the 25 biggest wind asset owners expanded their collective grid-connected wind capacity to 170 GW but lost market share. This was shown in a new market report by renewable energy consulting company MAKE.

EnBW acquires Danish service provider Connected Wind Services

EnBW acquires service company CWS to expand their range of services, while CWS sees the transaction as an opportunity for growth. (Photo: Connected Wind Services A/S)

The Denmark-based independent service provider Connected Wind Services A/S (CWS) has been acquired by German utility company EnBW Energie Baden-Württemberg AG. For EnBW this is a step to further expand its renewable energy business.

Offshore Wind: “The current pipeline of projects is not enough”

Annual installed offshore wind capacity in Europe (graph: WindEurope)

The offshore wind industry hit a new record for investments of €14 billion during the first half of the year – exceeding the total full-year investments in 2015 – according to offshore statistics for the first 6 months of 2016 published today by WindEurope. As of 30 June 2016, cumulatively, there are 3,344 offshore wind turbines with a combined capacity of 11,538 MW fully grid connected in European waters in 82 wind farms across 11 countries, including demonstration sites.

Trelleborg wins contract for Borwin-3 wind farm floatover

The platform for the offshore converter station of BorWin3 will be constructed using floatover technology. (Picture: Trelleborg)

The Siemens/Petrofac consortium awarded the contract for the floatover installation of the HVDC converter platform of BorWin3 wind farm to Trelleborg engineered products operation.

German offshore industry is struggling with weak expansion goals

Nordergründe is one of several projects that are currently under construction and are still covered by the old EEG. (Photo: Torsten Thomas)

Despite all of the cuts, the European offshore wind market is still large. Nevertheless, players on the German market are preparing for lean times. The 730 MW per year that policymakers have committed to are a very modest goal.

Siemens and Gamesa intend to merge

The merger between Siemens Wind Power and Gamesa is going to create an industry giant in onshore and offshore wind power. (Photo: Siemens)

A major merger in wind turbine manufacturing is just around the corner: Siemens Wind Power and the Spanish company Gamesa have announced binding agreements for merging the Siemens wind power business, including service, with Gamesa. The combined company will be based in Spain. Siemens will hold a 59% stake and Gamesa's shareholders will hold 41%.

Blackstone Group will sell majority interest in German WindMW to China Three Gorges

Meerwind has a total capacity of 288 MW and was one of the largest German offshore wind farms to achieve full financial closing. (Photo: WindMW GmbH)

The US-American Blackstone Group has entered a definitive agreement to sell its majority interest in WindMW GmbH, the owner of one of Germany’s largest offshore wind farms Meerwind. Buyer is China Three Gorges Corporation, a Chinese state-owned and globally operating power company.

Vattenfall is forging ahead with offshore wind

Vattenfall's largest offshore wind farm to date, Horns Rev 3, is being built on the west coast of Denmark. The overall investment volume will be approximately one billion euros. (Photo: Vattenfall)

Vattenfall has decided to go ahead with the investment for constructing Denmark's largest offshore wind farm, Horns Rev 3. Vattenfall, Stadtwerke München and their project partner Siemens have developed a concept which will shorten the installation time of the turbines at the offshore wind farm Sandbank in the German North Sea.