A new study by the Hertie School of Governance into the construction of eight German offshore wind farms reveals cost overruns of on average 20% and time delays of 13 months per project, resulting in a cost increase for consumers of more than €1.5bn ($1.68bn).
22 May 2015 11:35 GMT
Nordex chief executive Jürgen Zeschky will leave the company at the end of this month, the German wind turbine manufacturer said in an unexpected note to stock markets, simultaneously announcing that a new management structure will be established.
21 May 2015 08:53 GMT
Denmark’s Dong Energy said its Burbo Bank Extension development became the first UK offshore wind project to reach a key milestone under Britain’s new contracts for difference (CfD) support mechanism, keeping it on track for a 2017 commissioning.
14 May 2015 09:55 GMT
Profits from renewables at Germany's EnBW fell in the first quarter of 2015 on lower electricity prices from run-of-river hydro-power, but the utility said the commissioning of wind plants during the year will boost earnings in the segment.
12 May 2015 08:58 GMT
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