Blade repairs and upgrades hit Vestas’ Q2 earnings

Blade repairs and upgrades hit Vestas’ Q2 earnings

Vestas swung to a €5 million loss in the second quarter of the year, with its earnings hampered by blade repair costs, but the company reintroduced its full-year guidance as visibility has improved. Its €5 million loss was down from a €90 million profit from one year...
Vestas reissues guidance after Q2 loss

Vestas reissues guidance after Q2 loss

Vestas swung to a €5 million loss in the second quarter of the year, with its earnings hampered by blade repair costs, but the company reintroduced its full-year guidance as visibility has improved. Its €5 million loss was down from a €90 million profit from one year...
Equinor picks new CEO to ‘accelerate energy transition’

Equinor picks new CEO to ‘accelerate energy transition’

Equinor has appointed the technology chief from its drilling and projects division as its new CEO to replace Eldar Sætre, who is retiring after six years at the top and more than 40 years with the company. The chair of the board at the Norwegian oil and gas major...
Nordex secures €350 million Covid-19 aid loan

Nordex secures €350 million Covid-19 aid loan

Nordex has secured a €350 million facility through the German government’s loan guarantee programme. The revolving syndicated loan facility of €350 million is provided by a banking consortium and runs until 30 April 2022. The Federal Republic of Germany, city of...
First power at Borssele III & IV

First power at Borssele III & IV

First power has been achieved at the 731.5MW Borssele III & IV Borssele III & IV (731.5MW) Offshoreoff Zeeland, Netherlands, Europe Click to see full details project off the coast of the Netherlands. The project is due to be fully commissioned in October, by...
GE secures supercomputer access for offshore wind research

GE secures supercomputer access for offshore wind research

GE is using a US government supercomputer to carry out in-depth studies on distinct wind profiles to learn new ways of controlling and operating offshore wind turbines to optimise production. The US Department of Energy (DOE) has granted the technology giant’s...
Oil engineer Aker Solutions unveils offshore wind blueprint

Oil engineer Aker Solutions unveils offshore wind blueprint

Engineering firm Aker Solutions intends to develop wind farms in the waters off South Korea, the US, Norway and Scotland through its planned offshore wind spin-off. It is also monitoring the Japanese, French, Italian and Vietnamese offshore wind markets for future...
Vestas hits 100GW of wind turbines under service

Vestas hits 100GW of wind turbines under service

Vestas has become the first wind turbine manufacturer to build a service portfolio of more than 100GW, the Danish firm has claimed. While the turbine supplier has increased its own installed capacity to 115GW in 81 countries, Vestas has grown its service division into...