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WEBOrsted to double headcount in Rhode Island with newly created US offshore wind EPC unit. Read Recharge for the best news, analysis and opinion covering the renewable energy transition, led by wind and solar.
GE Vernova CEO still waiting for US onshore wind 'inflection point'
WEB2 days ago · CEO Scott Strazik said turbine market leader GE Vernova expects US onshore wind capacity additions this year in mid-single digit gigawatts, a “pretty small number,” and comparable to the disappointing 6.4GW in 2023. The OEM also sees 2025 as continuing a relatively weak US onshore wind growth story although installations could reach high ...
Latest News - Recharge
WEB5 days ago · Siemens Gamesa returns troubled 4.X wind turbine to market with 'modest sales'. Published 5 September 2024 7:47 GMT. Next. click here. Read the key news headlines covering the global renewable energy business.
Leading Light's struggles show US offshore wind's high cost, thin ...
WEB2 days ago · Published 4 minutes ago. US developer Invenergy’s request for a pause in activities for its 2.4GW Leading Light project as it searches for a turbine supplier underscores offshore wind's ongoing risks of high costs and thin margins despite a pricing reset, market analysts told Recharge. Sector costs that spiraled some 20 …
GE Vernova flags $300m wind power Q3 loss after offshore turbine …
WEB3 days ago · GE Vernova said its wind power unit is expected to make a $300m loss in the third quarter as a result of offshore wind “blade events” involving its turbines. The segment expects to post the loss before interest, taxes and depreciation (Ebitda) despite a fifth straight quarter of profitability for its onshore turbine operation, in a setback ...
New Delaware law greenlighting up to 1.2GW of US offshore wind …
WEB5 days ago · US Offshore Wind Editor, Recharge. Published 9 September 2024, 16:26. Delaware governor John Carney signed the Energy Solutions Act of 2024 that among other things authorises procurement of 1.2GW of “fiscally responsible” offshore wind to help meet 2050 net zero emissions targets. “Delaware is the lowest lying state in …
Shell-EDF JV and regulator clash over costs of flagship US offshore ...
WEBSep 5, 2024 · MidAtlantic Offshore Development (MAOD), a joint venture (JV) of Shell and French utility and energy firm EDF, is seeking approval from the Federal Energy Regulatory Commission (FERC) for a 10.76% return on equity (ROE) for a grid upgrade project to connect some 6GW of offshore wind power to New Jersey’s onshore network.
US sets second quarter record for new clean power | Recharge
WEBSep 5, 2024 · The US set a second quarter installation record with onshore wind, storage, and utility solar all posting strong numbers, as the industry benefits from generous federal subsidies and stronger customer demand, according to a report by the American Clean Power Association (ACP).
New US offshore wind blow as 'no workable turbine' woes rock …
WEBSep 4, 2024 · In the latest blow to the US offshore wind sector, developer Invenergy has asked to pause a 2.4GW project after its planned turbine supplier GE Vernova axed plans for 18MW machines and second choice Siemens Gamesa “substantially” jacked up its prices. In a July filing published yesterday, Invenergy asked the New Jersey Board of Public ...
GE rides 2MW and 3MW wind turbine segments to grab 56% of …
WEBAug 8, 2023 · GE’s 2.82-127 took 34% of the US onshore turbine market and its 3.4-140 model was second with 13%, followed by Vestas’ V150-4.5 with 9%. The first half continued a trend over the last year with GE domination of the market for turbines rated between 2MW to 3MW, 41% of capacity installed industrywide, and lead …
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