Hydro-Québec announced on Thursday that it will start constructing and operating wind farms, a role previously reserved for private sector developers. This move aims to add 10,000 megawatts of new wind capacity to the province’s energy network by 2035, surpassing the capacity of the Manic-Outardes hydroelectric complex. cap-chat-wind-farm-in-gaspe-region Hydro-Québec projects a 20% savings in energy…
In a significant move to enhance Sweden’s renewable energy infrastructure, Deep Wind Offshore has entered into a long-term partnership with Swedish electricity grid company Ellevio. This collaboration aims to expedite the development of the Olof Skötkonung offshore wind farm in the Gulf of Bothnia. Johan Lindehag, CEO Ellevio. Deep Wind Offshore and Ellevio will work…
British energy giant Shell is set to reduce its workforce in the offshore wind division, with layoffs expected to commence within months, mainly in Europe. This move is part of CEO Wael Sawan’s strategy to pivot the company’s focus back to oil and gas. CEO Shell Wael Sawan A Shell spokesperson explained, “We are concentrating…
Siemens Gamesa, the wind turbine division of Siemens Energy, plans to reduce its workforce by approximately 4,100 jobs, representing around 15% of its total staff. This decision was communicated by the division’s Chief Executive, Jochen Eickholt, in an internal letter to employees on Tuesday. Eickholt highlighted the need for significant adjustments due to lower business…
The TetraSpar Demonstrator, a pioneering floating offshore wind project, has made remarkable progress since its commissioning in late 2021. Located at METCentre in Norway, this project has been instrumental in delivering green energy, supporting research and development, and validating advanced numerical models for floating wind technology. Over the past two years, the TetraSpar Demonstrator has…
Siemens Energy AG is selling its Indian wind turbine business, a subsidiary of Siemens Gamesa Renewable Energy, in a strategic move to address ongoing losses and aim for profitability. The Indian unit, which generates $700 million in annual revenue, is valued at $1 billion. Barclays has been appointed to manage the sale process, and potential…
Saudi Arabia has signed two groundbreaking agreements to purchase electricity from wind farms at record-low prices, furthering its renewable energy ambitions. The Saudi Power Procurement Company (SPPC) and a consortium led by Japan’s Marubeni Corporation concluded these deals during the Saudi-Japan Vision 2030 Business Forum in Japan. Key Projects Wa’ad Alshamal Wind Farm: AlGhat Wind…
The wind industry achieved a monumental feat in 2023, surpassing all previous records with a staggering 117 GW of new wind power capacity installed globally. This remarkable accomplishment represents a 50% increase year-over-year (YoY) and signifies significant progress towards combating climate change. Resilience in a Challenging Year This achievement is even more impressive considering the…
China is solidifying its position as a global leader in the wind energy revolution. A new report by BloombergNEF reveals that worldwide wind capacity additions reached an all-time high of 118GW in 2023, with China driving staggering growth. Chinese wind turbine manufacturers, particularly Goldwind and Envision, dominated the market. Goldwind retained the top spot for…