Tough debut as GE Renewable Energy joins big league

The newly-formed GE Renewable Energy division made its debut as a standalone business in a tough set of quarterly results for the US industrial giant, which is undergoing big changes amid what its CEO called “a slow-growth environment”.

Insurer Gothaer takes €60m Nordergründe offshore wind stake

Gothaer Leben Renewables – a unit of German insurance group Gothaer – has entered the equity base of the 111MW Nordergründe offshore wind project as a co-investor, developer Wpd said.

EGP on pole as Enel strikes $1bn China finance pact

Italian utility Enel said its Enel Green Power (EGP) renewables unit will be the biggest beneficiary of a $1bn finance and co-operation pact with China.

Brazil’s Renova faces strike threat at 737MW Alto Sertão 3

Workers at the 737MW Alto Sertão 3 wind complex being built by Brazilian renewables developer Renova Energia in the state of Bahia are preparing to go on strike in what they say is a bid to avoid further mass layoffs and guarantee payment of arrears to the contractors they work for.

France passes 10GW wind milestone as Vestas leads 2015 installations

Vestas led turbine installations in France last year as 1.07GW of new wind power was added across the country, pushing its accumulated wind capacity to 10.3GW, industry federation France Energie Eolienne said.

Global PV installations soared 34% in 2015, GTM says

Led by China and the US, the world added 59GW of PV generation capacity in 2015, a 34% year on year surge, according to new figures from GTM Research.

Ikea adds to wind investments with 42MW repowering project in Finland

Ikea has made its latest foray into the renewables sector with an agreement to buy a 42MW project in northern Finland.