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Press Releases, Renewable News, Wind

Nusaned Investment and SCHMID Group have closed the JV transaction in Saudi Arabia focusing on manufacturing and technology development in the field of Vanadium Redox Flow Batteries (VRFB). Nusaned Investment (an investment company owned by SABIC) and SCHMID Group announced today that they have successfully closed their JV transaction focusing on manufacturing and technology development in the field of Vanadium Redox Flow Batteries (VRFB) after receiving all required regulatory approvals and satisfying all closing conditions. The agreement to establish (Advance Energy Storage System Investment Company) (the “JV”) was signed and announced in May 2019. During the next 2 to 3 months, The Riwaq Industrial Development Company will join the JV as additional investors and shareholders. The JV aims to become a global technology leader and champion in the fast-growing utility-scale energy storage segment, supporting the Kingdom’s Vision 2030 economic diversification objectives. With R&D facilities in Germany and Saudi Arabia, the JV plans to set-up a GW scale manufacturing facility in the Kingdom, expected to be in production in 2021. The JV’s strategy for developing value chain integrated production will allow it to achieve global cost leadership. Fuad Mosa, CEO of Nusaned Investment said: “The JV marks a milestone for Saudi Arabia in its quest

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Press Releases, Renewable News, Wind

Sales rise to EUR 964.6 million in Q1 2020 EBITDA margin at 1.4 percent Orders of 1.6 GW in Q1 2020 Order book for projects and services at EUR 8.4 billion Guarantee facility refinanced until April 2023 Guidance for 2020 withdrawn due to COVID-19 Hamburg, 11 May 2020. The Nordex Group (ISIN: DE000A0D6554) confirms the preliminary figures released on 5 May 2020. Sales in the first quarter of 2020 increased to EUR 964.6 million (Q1/2019: EUR 398.9 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) rose to EUR 13.1 million (Q1/2019: EUR 3.3 million), showing an EBITDA margin of 1.4 percent (Q1/2019: 0.8 percent). The increase in sales is mainly attributable to the sharp rise in installation numbers in the Projects segment. Operating performance In the first quarter of 2020, the Nordex Group installed a total of 269 wind turbines (Q1/2019: 84) in 21 countries with a combined output of 899.2 MW (Q1/2019: 260.9 MW). Europe accounted for 60 percent of the installed capacity, Latin America for 15 percent, North America for 13 and the Rest of the World for 12 percent. As a result, sales for the Projects segment climbed to EUR 862.6 million in the reporting period

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Press Releases, Renewable News, Wind

New polling released today by the government is highlighting the public’s strong support for renewable energy to boost the economy. The poll shows that a record 76% of people agree that renewable energy industries and developments provide economic benefits to the UK. Only 4% disagreed. Meanwhile, support for non-renewable and fossil fuel technologies hit new levels of opposition. Only 32% of the public supported nuclear energy while shale gas, or ‘fracking’, also hit a high of 45% opposed. Juliet Davenport, CEO and Founder, Good Energy, said: "As we start to look beyond the coronavirus, we need to be stronger and bolder than ever on renewable energy and climate change. The recovery package should be a catalyst for a clean, green future and a chance to leave our fossil fuel dependence in the past. People now know that there is an alternative, they do not have to tolerate toxic air pollution as the trade-off for keeping our economy going. We urge the government to act now to protect nature and future generations from climate catastrophe.” The public is also anxious about the impact of climate change with 76% saying they were either very concerned or fairly concerned about the crisis. In addition: 68% think climate change is already having an impact

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Press Releases, Renewable News, Wind

A new innovation call seeking a solution to increase the physical separation of technicians in the  confined spaces of offshore crew transfer vessels (CTVs) during the COVID-19 pandemic has launched today (Thursday 7 May), aimed at improving the safety of personnel required to continue to travel to undertake wind farm inspection, maintenance and repair. Social distancing measures due to COVID-19 are forcing some operators to limit CTV operations to a maximum of four passengers, a considerable reduction from the usual 12 or 24. This impacts the amount of work that can be undertaken on a wind farm, affecting jobs and ultimately energy production. In response, ORE Catapult’s O&M Centre of Excellence is working with the Knowledge Transfer Network (KTN), offshore wind health and safety group  G+ and the Workboat Association to set up a cross-sector CTV innovation challenge in search of a rapid solution, such as a partition, that can be deployed onboard the vessels and allow an increase in passenger and crew numbers. The challenge was identified by members of the Operational Contingency initiative, established by ORE Catapult’s O&M Centre of Excellence in response to the Covid-19 crisis. COVID-19 is creating unprecedented challenges for the global offshore wind industry, and this initiative

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Press Releases, Renewable News, Wind

As EV adoption rates and manufacturing capacity increase, new innovations are emerging to drive the EV battery technology market forward May 7, 2020 – Boulder, Colo. – A new report from Guidehouse Insights examines the market trends, drivers, and barriers of electric vehicle batteries (EVBs), providing global forecasts for light duty (LD) passenger EVs, medium duty (MD) and heavy duty (HD) trucks, and MD and HD buses, through 2030. Advances in battery technology to increase energy density, widespread commercialization of HD EVs such as trucks and buses, and sustainable and efficient methods for sourcing and handling raw materials all contribute to a growing EVB market. Challenges to the market include cost and technology limitations, which remain priority concerns for consumers and automakers, but are expected to make headway during the next decade. Click to tweet: According to a new report from Guidehouse Insights, battery pack prices across all vehicle classes and powertrains are expected to experience declines by 2030, with the biggest declines observed in LD battery EVs (8.3% annual decrease) followed by LD plug-in hybrid EVs (8.1% decrease). “As EV adoption rates and manufacturing capacity increase, new innovations are emerging that are expected to drive the EVB technology market in the coming

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Press Releases, Renewable News, Wind

Hamburg, 7 May 2020 – WindEnergy Hamburg, the global on & offshore wind event, has been postponed to 1-4 December 2020 in response to the coronavirus pandemic and its global impact on major events and international travelling. “Unfortunately, it is currently difficult to predict the future development of Covid-19 and its consequences for large-scale international events planned for September 2020. We are therefore postponing WindEnergy Hamburg to the end of the year. By doing so we hope to give our exhibitors and visitors a more reliable basis for their planning. We are delighted, we have been able to identify a new timeframe for the fair", said Bernd Aufderheide, President and CEO of Hamburg Messe und Congress. Following intense consultations with the exhibitor advisory board, Hamburg Messe und Congress and its co-organiser WindEurope as well as the partners GWEC, VDMA and BWE agreed on the new dates from 1 to 4 December 2020. Originally, WindEnergy Hamburg was to take place from 22 to 25 September 2020. Hamburg Messe und Congress and its co-organiser WindEurope are planning to adapt the event concept. A roundtable meeting will be held for this purpose with health authorities and health & safety executives of selected exhibitors to guarantee

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Press Releases, Renewable News, Wind

Reinforces Iberdrola’s presence in the French generation market, where the company is developing the Saint-Brieuc offshore wind farm (496 MW) Aalto Power has 118 MW of onshore wind power already in operation and a project portfolio of 636 MW in various stages of development Iberdrola plans to make record investments of 10 billion euros this year, and the company aims to gain one million customers in the French retail market by 2023 Madrid, 7 May 2020 - Iberdrola has closed a deal to acquire the French renewable energy company Aalto Power, owned by Aiolos and Caisse des Dépôts et Consignations, for 100 million euros. Founded in 2005 and headquartered in Marseille, Aalto Power already has 118 megawatts (MW) of onshore wind power operating in France and has a portfolio of onshore wind projects totalling another 636 MW, which are in various stages of development. The transaction, which is subject to compliance with the usual conditions in place for this type of transaction, mainly the authorisation of the French Ministry of Economy, is part of Iberdrola's commitment to strengthen its presence and growth in the renewable energy sector in France, and enhances the company´s global renewable energy footprint. Iberdrola is already developing the Saint-Brieuc

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Press Releases, Renewable News, Wind

High voltage wind farm engineering company, EDS HV Group (EDS), awarded an International Safety Award with Distinction from the British Safety Council. High voltage wind farm engineering company, EDS HV Group (EDS), has been awarded an International Safety Award with Distinction from the British Safety Council. The winning submission detailed EDS’s commitment and innovative approach to health and safety, as well as their continuing effort to ensure the wellbeing of all workers, including those who operate in challenging and dynamic offshore environments. The International Safety Awards, now in their 62nd year are health and safety’s most prestigious award scheme and are only awarded to companies who have demonstrated a commitment to health, safety, and wellbeing within the workplace. The 2020 awards saw a total of 577 applicants across the UK, Africa, Asia and the Middle East, with only 15% achieved the grade distinction. Ryan Henderson, Managing Director at EDS Group, said “Historically distinctions are given to much larger organisations, I’m immensely proud that we’ve been given this accolade. It is a testament to the dedication of the project management team and the focus of our health and safety team. We work in challenging environments every day and knowing how to keep our engineers safe and

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Press Releases, Renewable News, Wind

Record order book of €28.6 billion (+21% YoY) sustains good long-term prospects COVID-19 had a direct negative impact of €56 million on profitability, and intensified challenges experienced by the onshore business in India and Northern Europe The company faces the crisis with a solid balance sheet and healthy liquidity Siemens Gamesa calls for a sustainable economic recovery with greater investment in renewables Siemens Gamesa's performance in the second quarter of FY 2020 (January-March) reflected the unexpected effect of the COVID-19 pandemic on its operations and commercial activity, with a direct impact of €56mn on the company's profitability. This complicated situation further intensified the challenges in the onshore business, mainly in the Indian market and the execution of projects in Northern Europe. Siemens Gamesa reacted rapidly to address this unprecedented crisis and to safeguard the health and safety of its employees and the communities where it operates. The company enacted strict health and safety protocols ahead of official guidelines, both at plants and offices, and applied new solutions to assure operations continue – including re-routing certain supply chains, optimizing remote monitoring to guarantee service operations and, in Offshore, extending periods for maintenance teams working at sea. The company has also maintained a

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Press Releases, Renewable News, Wind

Offshore equipment supplier Osbit has secured a contract with Seajacks to design and build a monopile upending bucket, to be used by the vessel operator in its offshore wind turbine installation projects. The system will initially support the development of the large-scale, bottom-fixed Akita and Noshiro Offshore Wind Farms in Akita Prefecture, part of Japan’s renewable energy expansion being developed by Akita Offshore Wind Corporation (AOW), with Kajima Corporation as the project’s EPCI contractor. The monopile upending tool will be installed on Seajacks Zaratan vessel and has been optimised to suit the monopile diameter for the wind farm project. The pile upending system will be mounted on self-propelled modular transporters to extend the capacity of the vessel’s existing 800 tonne crane, enabling more efficient offshore pile driving. A simple and robust control system has been incorporated into the design, in response to the need for reliable performance in a high-pressure offshore environment. Key components for the Osbit design will be manufactured in the UK, with final assembly taking place in Singapore, to suit client requirements. The project is underway, and delivery is planned for Q1 2021. Osbit Engineer Phil Pennington, who led the firm’s technical bid, said: “Seajacks has specific goals for this project, to

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