COVID-19 Weighs on Siemens Gamesa Earnings

Credit to Author: Darrell Proctor| Date: Wed, 06 May 2020 15:25:33 +0000

The post COVID-19 Weighs on Siemens Gamesa Earnings appeared first on POWER Magazine.

Siemens Gamesa Renewable Energy (SGRE) on May 6 said delays to its renewable energy projects, in part due to supply chain disruptions from the coronavirus pandemic, will continue to negatively impact the company’s earnings this year. The company reported its fiscal second-quarter earnings on Wednesday and said the COVID-19 outbreak “had a direct negative impact […]

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Offshore Wind Finding Direction in U.S.

Credit to Author: Darrell Proctor| Date: Fri, 01 May 2020 04:10:00 +0000

The post Offshore Wind Finding Direction in U.S. appeared first on POWER Magazine.

Europe has a big head start globally when it comes to generating power from offshore wind installations. The U.S. has lagged due to a variety of factors, including the need to work through regulatory issues

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THE BIG PICTURE (Infographic): Capital Costs

Credit to Author: Sonal Patel| Date: Fri, 01 May 2020 04:04:24 +0000

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POWER Digest [May 2020]

Credit to Author: Sonal Patel| Date: Fri, 01 May 2020 04:02:00 +0000

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OPG Reaches First Criticality at Darlington 2, Delays Work at Unit 3. Ontario Power Generation’s (OPG’s) Darlington Unit 2 reactor, the first of four reactors the company is overhauling at the Darlington

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Solving Issues of Power Deliverability for Offshore Wind Generation

Credit to Author: POWER| Date: Fri, 01 May 2020 00:00:00 +0000

The post Solving Issues of Power Deliverability for Offshore Wind Generation appeared first on POWER Magazine.

Offshore wind generation could be a game-changer for U.S. generation—tremendous size, scalability, high capacity factors, zero-carbon, zero-cost fuel, and a proven track record in the UK and Europe. The

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Ørsted Offshore Wind Farms Delayed by Pandemic

Credit to Author: Darrell Proctor| Date: Thu, 30 Apr 2020 17:33:48 +0000

The post Ørsted Offshore Wind Farms Delayed by Pandemic appeared first on POWER Magazine.

Ørsted, the Denmark-based energy company and the world’s top offshore wind developer, said at least five of its projects off the U.S. East Coast could be delayed due to impacts from the coronavirus pandemic. The company in an announcement April 29 said the projects, with total generation capacity of about 3 GW, could fall victim […]

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Looking Ahead: It’s Time to Plan for and Build a Robust, Sustainable U.S.-led Recovery

Credit to Author: Jocelyn Knoll| Date: Mon, 27 Apr 2020 22:47:44 +0000

The post Looking Ahead: It’s Time to Plan for and Build a Robust, Sustainable U.S.-led Recovery appeared first on POWER Magazine.

While scientists and health professionals huddle with public officials to determine the best course forward to combat COVID-19 and relax social distancing, more of our leaders must address the need to quickly create high paying, sustainable jobs—lots of them. COMMENTARY Frankly, the need has never been greater. Regardless of political ideology, our politicians must put […]

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Virginia Commits to End Coal-Fired Generation

Credit to Author: Darrell Proctor| Date: Mon, 13 Apr 2020 19:36:49 +0000

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Virginia on April 12 became the latest state to commit to a phase-out of fossil fuel-powered electricity generation, as Gov. Ralph Northam signed the Virginia Economy Act into law. The legislation sets new requirements for energy efficiency among the state’s leading utility companies, and also requires most of the state’s six remaining coal-fired power plants […]

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Vestas, Siemens Gamesa, GE Top Wind Turbine Growth

Credit to Author: Darrell Proctor| Date: Tue, 18 Feb 2020 22:35:33 +0000

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An energy and finance research group on Feb. 18 said Siemens Gamesa Renewable Energy’s (SGRE’s) offshore wind installations make it far and away the market leader in that category, while Danish wind turbine manufacturer Vestas continues to lead the onshore and overall wind turbine market. The report published Tuesday from BloombergNEF (BNEF) said Vestas took […]

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Report: Investment in Renewables Hit Record High in 2019

Credit to Author: Darrell Proctor| Date: Thu, 16 Jan 2020 19:33:18 +0000

The post Report: Investment in Renewables Hit Record High in 2019 appeared first on POWER Magazine.

Financial support for installations of offshore wind projects helped investment in renewable energy capacity hit a record high in 2019, according to data from research company BloombergNEF (BNEF) released Jan. 16. The group said worldwide investment in renewables was $282.2 billion last year, up 1% from $280.2 billion in 2018. Financing of offshore wind projects, […]

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