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Siemens Energy reports 3Q net losses due to wind turbine problems

  • 8 months ago (2023-08-08)
  • Junior Isles

Siemens Energy has reported a net loss of €2.9 billion for the third quarter and slashed its outlook for annual revenues, as it struggles to fix its troubled wind turbine business.

Maersk Group may acquire half of Egypt’s Zaafarana wind farms

  • 9 months ago (2023-08-03)
  • Junior Isles

Denmark’s Maersk Group is in talks to potentially acquire half of Zaafarana state-owned 545-MW wind farms in the Red Sea Governorate, after the government initially approved ownership in principle, according to multiple local media outlets.

Leipheim gas-fired power plant starts operation

  • 9 months ago (2023-08-02)
  • Junior Isles

In a collaboration with Siemens Energy, German utility LEAG has commissioned its first gas-fired power plant in southern Germany at the site of a former air base in Leipheim. 

Capital Energy to sell $1 billion renewable energy portfolio

  • 9 months ago (2023-07-31)
  • David Flin

Capital Energy has hired Lazard to sell a portfolio of 4.3 GW of solar and onshore wind power plants in Spain, estimated to be worth up to $1 billion.

Mitsubishi Power supplies hydrogen-ready gas turbines to Utah project

  • 9 months ago (2023-07-28)
  • David Flin

Mitsubishi Power Americas has delivered two hydrogen-ready gas turbines to the Intermountain Power Project (IPP) Renewed in Delta, Utah, USA to decarbonise utility-scale power generation.

Drax granted approval for £500 million pumped storage hydropower plant

  • 9 months ago (2023-07-27)
  • David Flin

The Scottish Government has formally approved Drax Group’s plans to build a £500 million underground pumped storage hydropower plant at its existing Cruachan facility in Argyll, Scotland.

Mitsubishi Power to build three power plants in Japan

  • 9 months ago (2023-07-25)
  • David Flin

Mitsubishi Power, a division of Mitsubishi Heavy Industries (MHI), has been awarded a full turnkey contract to construct three CCGT power plants in Sodegaura City, Chiba Prefecture, Japan.

Goa aims for 100 per cent renewable electricity by 2050

  • 9 months ago (2023-07-24)
  • David Flin

Pramod Sawant, Chief Minister of the Indian state of Goa, has launched Goa’s Clean Energy Roadmap 2050.

African Development Fund to support Mauritania-Mali power line

  • 9 months ago (2023-07-21)
  • David Flin

The African Development Bank (AfDB), along with other partners, has committed to funding a $900 million multinational power transmission line between Mauritania and Mali. https://www.afdb.org/en

Offshore wind farm in Fujian, China starts generating electricity

  • 9 months ago (2023-07-20)
  • David Flin

The world’s first 16 MW offshore wind turbine has started to generate electricity on being connected to the grid at the offshore wind power plant in Fujian, China.