The world leader in wind energy, Vestas, multiplied its net profit sixfold in 2024, reaching €499 million. With a record order backlog of €68.4 billion, the Danish group is betting on offshore wind power to sustain its growth.
The world leader in wind energy, Vestas, multiplied its net profit sixfold in 2024, reaching €499 million. With a record order backlog of €68.4 billion, the Danish group is betting on offshore wind power to sustain its growth.
SSE Renewables, APB/APG, and TenneT have signed a realization agreement for the connection of the IJmuiden Ver Alpha offshore wind farm in the Netherlands. This 2GW project marks a major step in the Dutch high-voltage grid and is expected to be operational by 2029.
SSE Renewables, APB/APG, and TenneT have signed a realization agreement for the connection of the IJmuiden Ver Alpha offshore wind farm in the Netherlands. This 2GW project marks a major step in the Dutch high-voltage grid and is expected to be operational by 2029.
Amazon and Iberdrola are expanding their energy partnership with the addition of 476 MW of new power purchase agreements (PPAs). These agreements span five countries and mark a first entry into Portugal, further consolidating their presence in the European market.
Amazon and Iberdrola are expanding their energy partnership with the addition of 476 MW of new power purchase agreements (PPAs). These agreements span five countries and mark a first entry into Portugal, further consolidating their presence in the European market.
Mitsubishi Corporation is reassessing its offshore wind projects in Japan due to macroeconomic turbulence. Inflation, yen depreciation, and rising interest rates are complicating the viability of these projects, initially awarded in 2021. The company is now evaluating its next steps.
Mitsubishi Corporation is reassessing its offshore wind projects in Japan due to macroeconomic turbulence. Inflation, yen depreciation, and rising interest rates are complicating the viability of these projects, initially awarded in 2021. The company is now evaluating its next steps.
Denmark, a pioneer in offshore wind energy, is revising its model after the failure of a 3 GW tender. At the same time, the country is accelerating its green hydrogen infrastructure to strengthen its energy ties with Germany.
Denmark, a pioneer in offshore wind energy, is revising its model after the failure of a 3 GW tender. At the same time, the country is accelerating its green hydrogen infrastructure to strengthen its energy ties with Germany.
The Polish Prime Minister announces the Baltica 2 project, carried out in partnership with Ørsted and PGE, aiming for 1.5 GW over 190 km² in the Baltic Sea, with a launch this year and commissioning scheduled for 2027.
The Polish Prime Minister announces the Baltica 2 project, carried out in partnership with Ørsted and PGE, aiming for 1.5 GW over 190 km² in the Baltic Sea, with a launch this year and commissioning scheduled for 2027.
Ørsted, a Danish renewable energy specialist, is undergoing a major reshuffle following difficulties in the U.S., with the resignation of its CEO and the appointment of his deputy.
Ørsted, a Danish renewable energy specialist, is undergoing a major reshuffle following difficulties in the U.S., with the resignation of its CEO and the appointment of his deputy.
The Government of Canada, in partnership with Nova Scotia, implements new legislative provisions governing offshore wind energy development to stimulate the economy and attract significant investments.
The Government of Canada, in partnership with Nova Scotia, implements new legislative provisions governing offshore wind energy development to stimulate the economy and attract significant investments.
TGS has secured an offshore wind site characterization contract off the coast of the UK, with a duration of 30 days and mobilization scheduled for Q2 2025.
TGS has secured an offshore wind site characterization contract off the coast of the UK, with a duration of 30 days and mobilization scheduled for Q2 2025.
EDF Renewables' subsidiary will fund the restoration of a dry forest in Guadeloupe following uncontrolled land clearing at a wind farm site. This alternative to legal proceedings has been approved by local authorities.
EDF Renewables' subsidiary will fund the restoration of a dry forest in Guadeloupe following uncontrolled land clearing at a wind farm site. This alternative to legal proceedings has been approved by local authorities.
