Q3 Results: GE Vernova Falls Short On Offshore Wind, Hits Onshore Targets Updated On Thu, Oct 24th, 2024 by Saurenergy GE Vernova Inc., a US-based wind energy company, secured $1.7 billion in orders in the third quarter ending September 30, 2024. The company reported a 19% organic decrease, attributing the drop to lower Onshore Wind equipment orders outside of North America. GE Vernova generated $2.9 billion in revenue, down 1% organically. Losses increased due to […] Read more
Envision Energy Announces 5MW onshore platform for India Updated On Thu, Oct 3rd, 2024 by Saurenergy Envision Energy India Private Limited announced its advanced EN 182/ 5MW onshore platform at Wind Energy Hamburg 2024. The company claims that this new platform enhances annual energy output (AEP) by over 40% from its current EN 156/3.3MW platform, providing significant benefits for customers. This platform, featuring a larger swept area, having enhanced Turbine operational […] Read more
Q3 2024: GE Vernova Faces $300Mn Loss Despite Onshore Wind Profitability Updated On Fri, Sep 13th, 2024 by Saurenergy GE Vernova recently released its financial results for 2024, in its financial guidance it posted a revenue trending towards the higher end of $34-$35 billion, adjusted EBITDA margin* of 5%-7%, and free cash flow* of $1.3-$1.7 billion. The company expects incremental strength in its Power and Electrification segments, with both trending towards the higher end […] Read more
2023: Onshore Wind Struggles With Permits, Grid Issues: Report Updated On Thu, Aug 29th, 2024 by Saurenergy According to a recent report by energy research body– BloombergNEF (BNEF), the global transition towards clean electricity has reached new milestones, with wind and solar contributing 13.9% which is reported to reach a new record high. Additionally, a pair of new reports and findings from two reports published by BNEF: Power Transition Trends 2024, and […] Read more
MNRE Revises Rule For Micrositing Of Onshore Wind Turbines Updated On Mon, Jul 8th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently issued an amendment to the guidelines for onshore wind project development, updating the 2016 framework to emphasize optimizing energy production through precise micrositing of wind turbine generators. This amendment enables developers and investors to strategically place turbines within available land, fostering repowering and intercropping initiatives without […] Read more
Offshore Wind Developer Simply Blue Group Ventures Into Onshore Clean Energy Updated On Mon, Apr 1st, 2024 by Saurenergy Offshore wind project developer Simply Blue Group is developing onshore renewable energy parks to power facilities capable of producing sustainable aviation fuel (SAF). The projects, in Canada, Ireland and Australia will process more than 1.5 million tonnes of sustainable biomass annually to produce over 300,000 tonnes of SAF each year. The company currently has a […] Read more
Stonepeak & Shizen Energy To Form Asian Onshore Wind Platform Updated On Wed, Mar 27th, 2024 by Saurenergy Alternative investment firm Stonepeak has completed an investment in TerraWind Renewables, an onshore wind energy platform, in partnership with Shizen Energy Inc, a Japanese renewable energy company. As part of the transaction, Stonepeak has acquired an 80% interest in TerraWind, with Shizen Energy retaining the remaining 20% interest in the business. TerraWind will focus on […] Read more
India To Install 21GW Of Onshore Wind Capacity Next 5 Years: GWEC Updated On Fri, Oct 13th, 2023 by Saurenergy Global Wind Energy Council (GWEC) recently released a detailed report on the status of onshore wind energy globally. GWEC’s Global Wind Workforce Outlook report sheds light on India’s status in onshore global wind energy. It said that India stands fourth in the world market in this technology. The report says that with more than 44 GW […] Read more
FuturEnergy JV & Greencoat Renewables Unite for Onshore Wind in Ireland Updated On Fri, Sep 8th, 2023 by Saurenergy A joint venture by ESB and Coillte, FuturEnergy Ireland, has joined hands with Greencoat Renewables for its pipeline of onshore wind projects exceeding 1 GW. Over 500 MW is expected to sold to Greencoat by decade end by way of a strategic framework structure. Greencoat Renewables will be able to undertake acquisition for project stakes […] Read more
