Wind giant Ørsted buys stake in green financial products firm

It became a major shareholder in IncubEx’s recent $5 million (£3.6m) fund raise

LEGO’s new toy? A 78-turbine offshore wind farm

A new 312MW wind farm located off the coast of Germany has started generating power. LEGO Group invested €400 million (£294m) in the 78-turbine Borkum Riffgrund 1 offshore wind farm and has a 31.5% stake. Danish turbine manufacturer DONG Energy, which has a 50% interest and developed the project, invested €1.25 billion (£0.9bn). William Demant […]

Wind generates ‘140% of Denmark’s power needs’

An unusually windy day in Denmark meant the country produced 140% of its electricity needs from wind farms alone, according to reports. By Thursday evening last week, the Nordic nation’s wind turbines were producing 116% of its power demand, a figure which rose to 140% in the early hours of the morning. Reports claimed 80% […]

Vestas bags 150MW US wind order

Danish wind firm Vestas has scored another contract to supply 150MW of turbines to the US this week. It signed a deal for 75 2MW turbines for US firm First Wind’s Route 66 project near Amarillo, Texas, with the potential for an additional 568MW. Vestas said the order is part of a “master supply agreement” […]

Vestas sells six turbine factories for €1

Danish wind manufacturer Vestas has sold six turbine factories to a German industrial group for €1 (£0.85). Under the agreement, VTC Partners will get two machining units and four casting units and continue to supply the components to Vestas. The deal is part of the Danish firm’s plans announced earlier this year to offload factories […]

Vestas wins 52MW wind order in Turkey

Danish manufacturer Vestas has won a contract to build a 52MW wind power plant in Turkey. The Kavali RES project, to be installed in the southern province of Balikesir, is estimated to generate around 193,000MWh of energy and cut emissions by more than 95,000 tons every year. It will provide enough renewable electricity to power […]

DONG Energy gets £1m for wind farm base in Grimsby

A Danish energy firm set to develop a wind farm off the coast of East Yorkshire has been granted £1.1 million to help build its operations base in Grimsby. The project is expected to create 100 jobs by 2016 and an additional 475 indirect jobs in vessel and offshore related services in the borough over […]

Vestas sells two wind farms for €127m

Danish wind turbine manufacturer Vestas has confirmed plans to sell two wind projects for a total sum of €127 million (£108.3m). LUKERG Renew, a joint venture between Italian energy firm ERG Renew and Russian oil and gas company LUKOIL, will buy the Gebeleisis and Hrabrovo power plants located in Romania and Bulgaria. The €109.2 million […]

Vestas win UK wind contract

A Danish wind turbine manufacturer has received a 68MW wind contract for the UK. Scottish and Southern Energy (SSE) placed the order for 35 wind turbines for the Keadby Wind Farm project in Lincolnshire, which upon completion is expected to be the largest onshore wind farm in England. It is also expected to generate enough […]

Eight out of ten demand more renewable energy

More than eight out of ten people (85%) around the globe want more renewable energy. Vestas revealed the figures in a new report which looked at consumers’ preferences for renewable energy in 20 countries. The Danish wind turbine manufacturer also found nearly half of consumers were willing to pay for more products made with renewable energy […]