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- Category: Company News
Ørsted reported an operating profit (EBITDA) of DKK 32.0 billion for 2024, an increase from DKK 18.7 billion in 2023. This included a net reversal of provisions for cancelled projects amounting to DKK 7.3 billion. When excluding new partnership agreements and cancellation fees, EBITDA reached DKK 24.8 billion, which represented a DKK 0.7 billion increase from the previous year and aligned with the company’s expectations of DKK 24-26 billion.
- Category: Company News
Vattenfall saw a decline in net sales and underlying operating profit in 2024, reflecting market challenges. In the final quarter of the year, net sales and underlying operating profit fell compared to the same period in 2023.
- Category: Company News
Natural Power has appointed Craig Bradley as Head of Innovation Services, a newly created role. Craig brings 19 years of experience from ScottishPower, where he was Innovation Manager in the Innovation, Sustainability & Environment team.
- Category: Company News
Pexapark has appointed Martin Fraenkel as its first independent chairman, effective January 2025. Currently chair of Vakt and former President of S&P Global Platts, Martin Fraenkel brings over 30 years of experience in global energy markets, commodities, and investment banking.
- Category: Company News
In 2024, Vestas generated revenue of € 17.3 billion and achieved an EBIT margin of 4.3 per cent. Service EBIT reached € 448 million, despite rising costs that made for a challenging year in the service division.
- Category: Company News
In 2024, Engie secured 4.3 GW of Power Purchase Agreements (PPAs), an increase from 2.7 GW in 2023, representing 136 TWh of electricity supply. The 85 agreements span five continents: North America, South America, Asia, Europe, and Oceania.
- Sarwjit Sambhi apointed CEO of Renewable Power Capital
- Siemens Gamesa reports strong order intake and revenue growth despite ongoing losses
- GE Vernova invests in US wind manufacturing expansion
- Ørsted appoints Rasmus Errboe as new CEO
- Iberdrola signs 1,251 MW of power purchase agreements in 2024
- Shell’s renewable energy business reports loss in 2024
- Gurit reports preliminary full-year 2024 net sales of CHF 431.7 million
- Prysmian cancels US subsea cable factory plans
- Motive Offshore Group opens Houston office
- Perceptual Robotics shifts focus to wind asset optimisation
- Nordex announces leadership changes to support growth
- Indeximate secures funding from Propeller Ventures
- Shell appoints new leader for renewables unit
- Dr. Troy Hartley appointed Executive Director of Renewable Energy Wildlife Institute
- Work begins on new control centre in East Friesland for RWE's offshore wind farms
- Ørsted reports 2024 financial results with DKK 12.1 billion impairment in Q4
- SSE UK and Ireland inaugurates new onshore renewables hub in Perth
- Orix announces share transfer agreement for Greenko Energy
- DNV executive joins ACORE board of directors
- Pexapark announces new executive appointments
- Ernströmgruppen acquires 80% of Spica Technology
- Nordex achieves order intake of 8.3 GW in fiscal year 2024
- Jakob Wegge-Larsen to become Vestas' new Chief Financial Officer
- Greenvolt rebrands Irish distributed energy business
- Qualitas Energy strengthens leadership for German market growth
- Natural Power launches EchoSense as independent business
- European Commission approves Sumitomo stake in EEW Offshore Wind EU
- Inspirit Capital completes sale of CWind
- Macquarie Asset Management finalises acquisition of Ziton
- Shell expects major write-down in renewable energy division
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