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TPI Composites' net sales for the year ended 31 December 2024 fell by 7.1 per cent. This decline was largely driven by a 6.9 per cent reduction in wind blade, tooling and other wind-related sales, reflecting a 16 per cent decrease in wind blade production at the Türkiye and India facilities and the shutdown of the Nordex Matamoros plant in mid-2024.
34 Belgian energy co-operatives under the umbrella organisation SeaCoop launched the Our Energy platform. The platform enables citizen participation in the production and sale of green electricity.
Hexicon has released its interim financial report for the fourth quarter and full year of 2024, alongside updates on its offshore wind projects. The company reported a net revenue of SEK 4.7 million for the final quarter, an increase compared to the same period in 2023.
Natural Power has acquired a 50% stake in the Italian renewable energy company Studio Rinnovabili. Established in Rome in 2004, Studio Rinnovabili has been active in the renewable energy sector, working on a range of projects across different technologies in Italy.
Modus Asset Management, a fund management company investing in renewable energy infrastructure projects across the Baltic States and Central and Eastern Europe (CEE), has rebranded and will now operate under the name Envolve Capital.
James Fisher & Sons has launched a new legal entity in Japan. The company already has a partnership in the offshore wind service industry, including a Joint Collaboration Agreement with Tokyo Gas Engineering Solutions (TGES).
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