BRAZIL: Siemens Gamesa Renewable Energy has been Awarded a 471MW Turbine Supply Contract Covering a 15-project Complex by Minority Shareholder Iberdrola
Under the deal SGRE will deliver 136 3.4MW turbines with 132-metre rotors to the Santa Luzia complex in northeast Brazil. The cluster of projects is being developed by Neoenergia, a subsidiary of Spainish energy giant Iberdrola, which, in turn, holds an 8% stake in...
Make Upgrades Global Outlook by 3%
WORLDWIDE: Analysts at Make Consulting have upgraded their ten-year outlook, now forecasting average capacity additions of more than 67GW between 2018 and 2027. Multi-gigawatt upgrades in several countries drove the increase from the market analysis firm’s forecast...
Eni to Build First Wind Farm in Kazakhstan
KAZAKHSTAN: Italian firm Eni has taken the final investment decision (FID) to build, develop and operate a 50MW wind farm in the north-west of the country. Construction of the Badamsha project in the Aktobe province will start "in the coming months", the oil and gas...
Siemens Gamesa secures €2.5 Billion Credit Facility
SPAIN: Siemens Gamesa Renewable Energy (SGRE) has signed a €2.5 billion multi-currency term and revolving credit facility for "general corporate purposes" and to refinance existing debt. The facility replaces a €750 million credit facility signed in 2017, the...
EL.TECH. ANEMOS Reports 84.6% Net Profit Increase
EL.TECH. ANEMOS group of companies reported considerable enhanced financial results for the first quarter of 2018, due to increased installed capacity and higher wind performance data, the company has announced in a statement. Based on the financial results of Q1...
India making quick progression in the field of renewable energy: R K Singh
NEW DELHI: In the run up to India’s target of achieving 175 GW of renewable energy capacity addition, the government said that the country has already achieved 70 GW project capacity while an additional 38 GW is under implementation, as per data available till March...
INDIA: Siemens Gamesa Renewable Energy (SGRE) Has Taken The First Order For Its New Low-wind SG 2.1-122 Turbine at a 300MW Project in the State of Gujurat in Western India.
The wind farm’s developer is Sembcorp Green Infra, a subsidiary of independent power producer Sembcorp Energy India. Under the terms of the EPC contract, SGRE will install the 143 turbines and maintain them for ten years. The project is scheduled for commissioning in...
Hydra Expected to Regain Control of RES-lucrative Agios Georgios Islet
A long-running dispute between the municipalities of the island Hydra and Lavrio, southeast of Athens, for the administrative jurisdiction of Agios Georgios, or San Giorgio, an uninhabited 4.3 km2 islet south of Sounio equipped with 23 wind energy turbines totaling 70...
Bigger Turbines, Better Economics, More Digitization on Deck for 2018 Wind Power Market
As we enter 2018, here’s a high-level overview of which wind energy trends to keep your eye on in the coming year. By almost all estimates, 2018 should mark continued steady rise of onshore wind in mature markets coupled with a strong progression in emerging markets...
Renewables Cover Nearly 70% of Needs April 1, a Historic Day
Renewable energy covered nearly 70 percent of the country’s electricity demand on April 1, providing a total of 78.98 GWh of 116.8 GWh required for the day. Just three of the country’s lignite-fired power stations, Kardia IV, Amynteo I and Megalopoli IV needed to...