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Germany’s wind power shortfall drives up Europe’s energy prices

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  Germany, Europe’s largest wind power producer, is experiencing its most prolonged period of below-average wind power generation since early 2021, as reported by Reuters.  This shortfall is attributed to low wind speeds since October 2024. Wind power, which is Germany’s primary electricity source, typically peaks in winter when wind speeds are highest. The reduced output has forced Germany to rely more on fossil fuels and increase power imports, raising regional power prices across Europe….

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German energy provider Uniper attracts interest from buyers

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The German government’s 99% stake in power company Uniper has attracted interest from potential buyers, including Abu Dhabi’s Taqa and Norway’s Equinor, according to Bloomberg News. Germany is looking to reduce its holding, with Uniper’s value expected to exceed €10bn ($10.3bn). The government is considering options to exit, either through a single buyer or a stock offering. Goldman Sachs Group is advising Uniper’s management, while UBS Group and Roland Berger are exploring strategies for reducing…

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Vestas secures 225MW contracts in US, Germany and New Zealand

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Vestas has signed contracts for 225MW of wind turbine projects in the US, Germany, and New Zealand, as part of its Q4 2024 order intake. In the US, Vestas received an 86MW order from Brookfield Renewable for the Mulqueeney project. It will deploy V163-4.5MW turbines, with a ten-year AOM 5000 service agreement. In New Zealand, Vestas secured a 77MW contract with Mercury Energy for the Kaiwaikawe project. The project will use 12 V162-6.4MW turbines and…

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Kansai acquires stake in Windanker offshore wind farm in Germany

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Japanese utility Kansai Electric Power has entered into a share purchase agreement with Iberdrola to acquire a 49% stake in the Windanker offshore wind farm project in Germany.  Kansai’s subsidiary, Windanker Investco, will hold the stake, subject to approval from German authorities, while Iberdrola will retain the remaining 51%. This marks the beginning of Kansai’s collaboration with Iberdrola on international renewable energy projects. The Windanker project will be Kansai’s fifth offshore wind farm overseas, increasing…

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VNG AG and HyCC to develop 500 MW green hydrogen electrolyser in Germany

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VNG AG, its subsidiary VNG Handel & Vertrieb GmbH (VNG H&V), and Dutch hydrogen company HyCC are planning to jointly develop a 500 MW electrolyser for green hydrogen production in Lutherstadt Wittenberg, Germany.  The green hydrogen will be used by local industries, including SKW Piesteritz, to reduce carbon dioxide emissions by replacing natural gas. The GreenRoot project aims to support regional decarbonisation and could potentially supply other industries in the Central German chemical triangle through…

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Vestas secures order for Nordseecluster B offshore wind project in Germany

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Vestas has received a firm order from RWE for the 900 MW Nordseecluster B offshore wind project in the German North Sea.  The project will feature 60 V236-15.0 MW wind turbines, with Vestas responsible for their supply, delivery, commissioning, and a 5-year service agreement followed by long-term operational support. The Nordseecluster is being developed in two phases. The first phase, the 660 MW Nordseecluster A, consisting of 44 V236-15.0 MW turbines, was announced in June…

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NKT begins installation of SuedLink power cable project in Germany

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Power cable manufacturer NKT has started the installation of a 518 km high-voltage direct current (HVDC) power cable system for TenneT’s SuedLink project. The 525 kV cables will connect northern Germany’s renewable energy sources to the southern industrial regions, supporting Germany’s energy transition strategy, Energiewende. Tim Meyerjürgens, TenneT’s chief operations officer, highlighted the milestone, stating that the pull-in of the first 37 km of the 700 km route demonstrates the project’s progress. The $11 billion…

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Lhyfe partners with KEYOU for hydrogen mobility in Germany

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Lhyfe has signed a Memorandum of Understanding (MoU) with KEYOU to promote hydrogen mobility in Germany and Europe.  Lhyfe is constructing a green hydrogen production plant in Schwäbisch Gmünd, near Stuttgart, scheduled to be operational by year-end.  The plant will produce up to 4 tonnes of green hydrogen daily, powered by a 10 MW renewable energy capacity secured through a 15-year corporate PPA with EDP Renewables. KEYOU plans to deploy up to 100 hydrogen-powered vehicles…

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BP considers selling minority stake in offshore wind division

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BP is exploring the sale of a minority stake in its offshore wind division to offset the substantial development costs associated with its projects, as reported by Reuters. This move follows shareholder pressure over BP’s 2020 energy transition strategy, as profits from renewables have fallen while oil and gas margins have risen. The company has engaged Bank of America to identify potential partners as it seeks to reduce its financial burden in the growing offshore…