Tags: wind power news

Inox Wind Infrastructure sells entire 51 pc stake in Sri Pavan Energy

Wind turbine maker Inox Wind on Friday said its arm Inox Wind Infrastructure Services has sold its entire 51 per cent stake in Sri Pavan Energy for Rs 5.1 lakh. “Our wholly owned subsidiary, Inox Wind Infrastructure Services Ltd (IWISL) has sold its entire 51 per cent shareholding held in Sri Pavan Energy Private Ltd […]

Read more

India needs policy reforms to revive wind growth beyond 50 GW by 2022: Report

According to a new report released by the Global Wind Energy Council (GWEC) and MEC+ (MEC Intelligence), India’s wind energy capacity can only realistically reach 50 GW by 2022. India Wind Outlook Towards 2022: Looking beyond the headwinds objectively analyses the factors which have led to a drag on market growth for India’s wind energy industry over the past two years, […]

Read more

Siemens Gamesa Q2 performance impacted by the pandemic

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 […]

Read more

Wind turbine maker-Vestas posts first quarter operating loss

Vestas on Tuesday posted an unexpected first-quarter operating loss despite strong sales and a booming order book. The Danish firm reported an operating loss before special items of 54 million euros ($58.9 million) versus the 91 million euro operating profit forecast by analysts, while its EBIT margin fell to -2.4 per cent. Quarterly sales topped […]

Read more

COVID 19 Effect: Disruptions in supplies from China may slowdown wind installations in India says GlobalData

In terms of installed capacity Wind energy has been the fastest growing domain in the renewable energy sector in India. With a cumulative installed capacity of 38.1 GW India stands at fourth position in the world as onshore wind market as of 2019. According to data and analytics company GlobalData -the COVID-19 pandemic is expected […]

Read more

MNRE ups the ante to attract investment from firms shifting base from China

Amid growing sentiment among companies to shift their manufacturing base from China in the wake of coronavirus epidemic, India is preparing to introduce policy changes to facilitate manufacturing in the country and attract investment. The Ministry of New and Renewable Energy (MNRE) has set up Renewable Industry Facilitation & Promotion Board to facilitate investment in […]

Read more

Senvion GmbH enters into an agreement with a Strategic Investor to sell its Indian entity

Senvion GmbH announced that it has entered into a binding agreement with a Strategic Investor to sell and transfer its fully operational Indian entity. The company in a statement said “this is further to our announcement last year where Senvion India was made an independent entity to manufacture, supply and operate Senvion turbines.” The parties […]

Read more

Coronavirus will cause global wind additions in 2020 to decline by 4.9GW: WoodMac

Research firm Wood Mackenzie in its new report notes that the coronavirus crisis will cause global wind additions in 2020 to decline by 4.9GW when compared to our previous projections. Due to other market changes since our Q4 2019 update, total forecast wind additions for 2020 is now expected to be 73GW.  The impact of the coronavirus is […]

Read more

Ignitis Group borrows EUR 60m from EIB for its first wind farm project

The European Investment Bank (EIB) has signed a loan agreement with Pomerania Wind Farm sp.z o.o., a subsidiary of Ignitis Renewables, which is part of Ignitis Group, a large-scale Lithuanian energy company. The EIB has agreed to lend PLN 258m (approx. EUR 60m) for the construction and operation of a medium-size onshore windfarm, consisting of 29 turbines, […]

Read more

UK looks to offshore wind for green energy transition

Britain, a global leader in offshore wind energy, plans to make the sector one of the pillars of its transition to carbon neutrality in the coming decades. The country aims to quadruple its offshore electricity production capacity by 2030 by utilising the windswept North Sea and a favourable policy environment. “It’s more conducive to build […]

Read more