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Wind power

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  • Monday, 19 February, 2024
    UK energy
    UK risks second troubled offshore wind auction round, RWE warns

    The government wants to have 50GW installed by 2030

    Offshore wind farm
  • Tuesday, 13 February, 2024
    Ørsted AS
    Ørsted chief vows to fight ‘with everything I’ve got’ to revive fortunes

    Mads Nipper plans to cut costs at world’s largest offshore wind company and rebuild investor confidence

    Mads Nipper
  • Wednesday, 7 February, 2024
    Ørsted AS
    Ørsted suspends dividend, cuts jobs and exits offshore wind markets

    Danish group says it needs to create ‘leaner and more efficient company’

    The Ørsted Block Island Wind Farm in the water off Block Island, Rhode Island, US
  • Thursday, 25 January, 2024
    NextEra Energy
    Power giant NextEra plays down Republican threat to US climate law

    Largest renewable energy developer says repeal of Inflation Reduction Act ‘unlikely’ as order list grows

    Field of wind turbines
  • Thursday, 11 January, 2024
    Lex
    Wind turbine makers must pause their battle to build mega machines Premium content

    Constraints on cash flows and the need to improve profit margins mean the sector requires a truce in the size war

    Vestas wind turbines in Germany
  • Wednesday, 3 January, 2024
    Renewable energy
    BP and Equinor scrap New York offshore wind contract as costs rise

    Plan to reset deal follows inflation, higher interest rates and supply chain problems

    Offshore wind turbine
  • Wednesday, 3 January, 2024
    News in-depth
    Britain turns to floating turbines to tap into ‘remarkable’ wind speeds

    Industry preparing to take next step in pioneering a key technology in push to hit net zero by 2050

  • Friday, 22 December, 2023
    Climate change
    UK advertising watchdog bans Equinor from repeating green claims

    Norway’s state-backed energy company falls foul by overstating environmental credentials

    A natural gas platform, operated by Equinor in the North Sea
  • Thursday, 21 December, 2023
    Vattenfall sells North Sea wind developments to RWE in £1bn deal

    UK disposal by Swedish group to German utility highlights divergent views on sector

    Wind turbines
  • Tuesday, 5 December, 2023
    UAE takes big stakes in struggling UK offshore wind market

    Proposed 49% holding in East Anglia wind farm is latest in string of Emirati deals in Britain

    A wind turbine off the Norfolk coast
  • Friday, 1 December, 2023
    Poland
    Poland’s incoming coalition faces early test with energy bill

    Donald Tusk maps out boost for wind turbines and tougher approach to state energy company Orlen

    A transport lorry passes a wind farm in Poland
  • Thursday, 23 November, 2023
    Elisabeth Braw
    Chinese-made wind farms could become a new sabotage risk

    These turbines cost less than half the average price of those manufactured elsewhere

    Offshore wind turbines silhouetted against a dramatic sunset
  • Tuesday, 21 November, 2023
    Siemens Energy
    Siemens Energy plans €400mn in cuts at struggling wind turbine business

    Move comes after group was forced to accept €15bn state-backed rescue package

    Wind turbine blades at a Siemens plant in Le Havre, France
  • Thursday, 16 November, 2023
    UK energy
    UK government to increase offshore wind subsidies by 66%

    Decision comes after developers shunned last auction as a result of ‘global challenges’ hitting the sector

    Wind farm in Irish Sea at Burbo Bank
  • Tuesday, 14 November, 2023
    Hedge funds profit from bets against troubled wind energy stocks

    Short bets reflect broader loss of enthusiasm for green energy stocks

    A wind farm in Switzerland
  • Tuesday, 14 November, 2023
    Ørsted AS
    Ørsted shakes up management team after shelving US projects

    Finance and operations chiefs depart as wind developer grapples with rising costs

    Orsted’s offshore wind farm near Nysted, Denmark
  • Sunday, 12 November, 2023
    US offshore wind goals will be missed, say parts manufacturers

    Sector must be fundamentally reset to become economically viable, executives warn

    A huge foundation for an Orsted offshore wind turbine
  • Friday, 10 November, 2023
    Lex PopuliPersonal Finance
    Vestas: the wind turns for turbine manufacturer

    Revenues in the third quarter were 11 per cent higher year on year

    Overhead view of a wind turbine
  • Wednesday, 8 November, 2023
    Vestas Wind Systems AS
    Vestas says plans for UK wind turbine factory depend on demand

    Danish group has looked at British locations but warns more government support is needed

    A crane lifts a turbine blade
  • Wednesday, 1 November, 2023
    Disrupted Times
    Stormy times for offshore wind

    Also in this newsletter: Fed holds rates steady, global agreement on AI, Panama Canal hit by drought

    Windfarm off UK coast
  • Wednesday, 1 November, 2023
    Ørsted shares tumble after company ditches two US wind projects

    Danish developer’s deepening difficulties come as top BP executive says US market is ‘broken’

    A foundation for an offshore wind turbine sits on top of wheeled movers
  • Wednesday, 1 November, 2023
    LexNathalie Thomas
    The Lex Newsletter: UK’s battered wind energy sector will renew itself Premium content

    Despite recent setbacks, the pressure to decarbonise will spur clean energy investment

    A kite surfer in front of the Burbo Bank offshore wind farm near New Brighton, UK
  • Thursday, 26 October, 2023
    LexSiemens Energy
    Siemens Energy: turbine trouble pops the renewables bubble

    The installation of wind turbines is just as prone to cost overruns as conventional infrastructure

    A wind turbine blade being manufactured at the Siemens Gamesa factory in Hull, UK
  • Thursday, 26 October, 2023
    Siemens Energy
    Siemens Energy seeks government guarantees as wind crisis deepens

    Shares in German group plunge as it also looks at ways of strengthening its balance sheet

    Siemens’ headquarters in Munich
  • Friday, 6 October, 2023
    EU-China relations
    EU considers anti-subsidy probe into Chinese wind turbines

    Competition commissioner says inquiry could follow similar move to challenge China’s sales of electric vehicles in Europe

    Wind turbines off the coast of Germany
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