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.

France taps QinetiQ in bid to end wind radar deadlock

Aerospace and defence contractor QinetiQ has been tapped by the French government to carry out radar impact assessment work on new wind farm applications, as part of an attempt to “break the deadlock” with national meteorological service Météo-France, whose objections to project siting have frequently resulted in planning refusal.

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.

Vestas seeks margins and German satisfaction with Availon deal

Vestas wants to capitalise on the very healthy profit margins available in the growing global O&M business and regain customer satisfaction in the key German service market following its €88m ($95.9m) purchase of European independent service provider Availon, which was announced yesterday.

Taiwanese investment in offshore wind to hit $74m in 2016

Investment in Taiwan’s fledgling offshore wind sector could hit NT$2.5bn ($74.3m) in 2016, with annual installations set to eventually reach 300MW in the years ahead, the government said this week.

Vestas strengthens O&M grip with €88m Availon acquisition

Danish wind turbine manufacturer Vestas has agreed to buy leading European independent service provider Availon for €88m ($95.9m) in cash, in a bid to further strengthen its O&M business just a month after snapping up San Diego-based ISP UpWind Solutions.