- Category: Company News
Gurit saw its net sales increase by 0.5% at constant exchange rates compared to the previous year. Net sales of continued operations were CHF 459.9 million (+2.7% at constant exchange rates or -5.9% in reported CHF). Excluding acquisition effects, total Group sales grew by 2.6% at constant exchange rates.
- Category: Company News
Odfjell Oceanwind, in collaboration with automation and manufacturing company Prodtex, has established a joint venture for the manufacturing of foundations for floating wind turbines, named Windsteel Technologies.
- Category: Company News
After Eickhoff’s announcement at the end of April 2023 to exit wind serial production, German drive manufacturer Flender has reached an agreement with Eickhoff to acquire Eickhoff Wind Asia Pvt Ltd (EWA) with its assembly plant in Walajabad Taluk, India.
- Category: Company News
European Energy’s EBITDA increased by 27% year-over-year from €140 million to €178 million. The profit before tax increased by 10%, from €115 million to €126 million. In terms of power generation, the company produced 1.87 TWh of renewable electricity in 2023 from self-owned assets, an increase of 140% compared to 2022.
- Category: Company News
Fugro reports a revenue of €2.2 billion for 2023. For the full year, the company realised 27.5% revenue growth on a currency comparable basis by successfully capturing high client demand in the offshore wind (+55%), and oil & gas (+37%) markets.
- Category: Company News
The Nordex Group has published its 2023 annual financial statements, confirming the preliminary results published on 12 February 2024. Group sales grew by 14 percent to €6.5 billion (2022: €5.7 billion). Earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached the operating break-even point at €2.0 million (2022: €-244.3 million).
- RWE establishes new team to deliver offshore wind fleet servicing
- Ørsted appoints new Group CFO and COO
- Nordex invests in new power hardware-in-the-loop test bench
- Indeximate wins RWE’s offshore wind innovation competition
- OEG acquires high voltage company ONRG
- TPI Composites’ wind sales drop 26.2% in Q4 2023
- LM Wind Power appoints Hanif Mashal as CEO
- StrucTeam welcomes Raphael Sajous as Principal Material Scientist and Executive Director
- Hitachi Energy to expand transformer operations in Germany
- Bemac and Mitsui & Co acquire The Switch
- Northern Offshore Group consolidates its presence in the UK
- OEG acquires Marine Coordination Services
- Fugro UST21 joint venture opens office in South Korea
- Doris acquires Windglaz
- Banks Renewables rebrands as OnPath Energy after Brookfield acquisition
- SMC launches a new wind turbine blade maintenance and repair division
- BVG Associates opens Nordic offshore wind office
- Gurit announces new CFO and new Group Head of HR
- Iberdrola's 2023 renewable capacity exceeds 42,000 MW
- The Nordex Group's EBITDA reached break-even on a full-year basis
- Scottish Renewables welcomes new directors to its Board
- Turnaround of wind business remains focus of Siemens Energy
- European Energy welcomes new board member
- Inspire, FF5, and Recon team up for marine services
- USFR to build offshore wind tower facility in the USA
- Employees elected as board members to the Board of Directors of Ørsted
- GEV Wind Power launches Blade Team division
- Despite lower electricity prices, Vattenfall reports higher sales
- Ørsted presents updated business plan for 2024-2030
- Vestas returns to profitability