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- Category: Publishers Note
Returning to profitabilityThe last few years have been challenging for the wind energy sector, with high interest rates, cost inflation resulting in higher costs per megawatt, and supply chain issues. For the year 2022, almost all wind turbine OEMs reported negative results, but it seems that this situation is improving since some of the OEMs have returned to profitability.
- Category: Publishers Note
Advances and challenges in Europe’s offshore wind energy sectorThe European Network of Transmission System Operators for Electricity (ENTSO-E) recently unveiled the Offshore Network Development Plans (ONDPs) of the European Union (EU), marking a significant milestone in the region’s commitment to expanding offshore wind energy. The ONDPs, a response to the EU Grid Action Plan, present a cross-border review of existing offshore grid capacity and future requirements.
- Category: Publishers Note
Extending the investment payback period for offshore wind turbine manufacturers and the supply chainThe wind energy industry has been a rat race for many years, especially when it comes to the offshore market. OEMs have introduced new, often larger turbine models approximately every two years. While these larger turbines promise increased energy production, they come with a substantial downside. The development of new and larger models demands significant investments from OEMs. Moreover, it necessitates the implementation of new methods and technologies for turbine installation, including larger vessels and cranes. Consequently, this puts pressure on the entire supply chain, forcing it to continually invest in new technologies to remain competitive and operational within this dynamic market.
- Category: Publishers Note
The changing mineral landscape and its implications for the wind energy marketAs the world moves towards cleaner, more sustainable energy sources, the wind energy sector has emerged as a key participant. However, beneath the surface of this transition is a complex correlation, including critical minerals that are required for the development and maturation of wind energy technology.
- Category: Publishers Note
Revitalising wind turbine OEMs’ profitability: strategies for successThe profitability challenges faced by wind turbine OEMs have become an increasingly pressing concern within the industry. In order to ensure the long-term sustainability of the wind energy sector, it is crucial to implement specific strategies that can enhance the profitability of these OEMs. Let us explore the available options and potential solutions to this complex issue.
- Category: Publishers Note
Copenhagen was the centre of the wind industry once againThe WindEurope Annual Event 2023 was organised in Copenhagen from 25 to 27 April. It was the biggest WindEurope event so far. More than 15,000 participants and more than 500 exhibitors participated in the event. Walking around the venue, you could feel the positive buzz, and all the people I spoke to (which were a lot!) were positive about the event.
- Category: Publishers Note
The Net-Zero Industry Act versus the Inflation Reduction Act: Europe versus the USAThe European Commission (EC) has presented the Net-Zero Industry Act as part of its Green Deal Industrial Plan to scale up green manufacturing, remain competitive with the US Inflation Reduction Act (IRA) and become less dependent on China. The Net-Zero Industry Act aims to strengthen the resilience and competitiveness of net-zero technology manufacturing in the European Union (EU) and is an answer to the IRA, which was introduced in the USA in 2022.
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| #18 Nordex wind turbines installed at the Petkus wind farm in Germany (courtesy Tomasz Mokosinski) |
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