Tags: wind energy

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 […]

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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 […]

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Inox Wind resumes operations at all three manufacturing plants in India

Wind turbine maker Inox Wind Ltd on Monday said it has resumed operations at all three manufacturing plants. These plants are located at Barwani (Madhya Pradesh), Ahmedabad (Gujarat) and Una (Himachal Pradesh). In a regulatory filing Inox Wind said it has resumed operations at its three plants. “… after obtaining requisite permission from concerned district […]

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IL&FS completes sale of IL&FS Wind Power Services amid lockdown

IL&FS has completed the sale of IL&FS Wind Power Services (IWSPL), a wholly owned subsidiary of IL&FS Energy Development Company Limited (IEDCL), to ORIX Corporation, Japan. IWSPL is engaged in providing supervisory and management support services to seven companies that own and operate wind power generating assets. Earlier IL&FS Group had divested the 51 per […]

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Uzbekistan floats tender for 100 MW wind farm project

Uzbekistan floated tender inviting bids for 100 MW wind farm project. The energy ministry on Wednesday issued a request for proposals on a 100 megawatt wind farm project that it said would be the first in the Central Asian nation. According to Reuters the wind farm would be built in the steppes of Karakalpakstan autonomous […]

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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 […]

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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 […]

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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, […]

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