News & in-depth analysis of RES's (Renewable Energy Systems) wind energy business, contracts and deals.
Swedish company Modvion has promoted its finance chief to CEO as it focuses on maturing its wooden towers so they can support 6MW onshore wind turbines.
Australia has re-elected the centre-left Labor party in its general election, rejecting a right-wing coalition that had threatened to scrap offshore wind zones in the country’s waters and pushed nuclear over renewables.
Offshore wind opponents have promised to sue the US government over an early-stage project of Massachusetts after losing their legal battle to halt development of another wind farm off the east coast state.
This year showed mixed fortunes for wind energy tenders around the world, with some major gigawatt-scale projects awarded in tenders, but some offshore markets – particularly the US – faced ongoing struggles.
Supply chain disruptions and inflated costs – including for raw materials and transport – continued to hit the wind power sector in 2024, hitting the bottom lines of turbine makers and project developers alike. Self-inflicted problems also impacted wind power companies’ finances throughout the year, though there were still reasons for optimism.