IKEA parent confirms acquisition of Vestas’ 80% stake in Romanian wind farms
Ingka Group, the parent company of Swedish furniture giant IKEA, has confirmed in a press release it has reached an agreement with Denmark’s Vestas Wind Systems to acquire an 80% stake in 7 wind farm entities in South-East Romania. Although the transaction between IKEA’s parent company and the Danish wind turbine manufacturer is signed, final […]
Piraeus Bank joins EUR 650 million EIB green infrastructure investment program
Piraeus Bank has agreed to support a new EUR 650 million infrastructure investment program developed by the Hellenic Ministry of Development and Investments and the European Investment Bank (EIB). Piraeus is the second leading Greek bank to confirm participation with the scheme, after the National Bank of Greece. Piraeus Bank will identify and invest in […]
What can President Trump learn from the Danes? Answer provided by Ida Auken
“If it doesn’t blow, you can forget about television for that night”. This remark on wind farms by Donald Trump is just one of many in his attempt to derogate green energy and to praise the fossil fuels industry. Trump withdrew the US from the Paris agreement in 2017, and rolled back many rules introduced […]
New wind installations up in Europe in H1 but Germany drives onshore down
The combined installations of new onshore and offshore wind capacity in Europe in the first half of 2019 were at 4.9 GW, which was up on the same period last year (4.5 GW), though onshore installations were down due to serious issues in Germany, according to a press release from wind power association WindEurope. Europe installed 2.9 […]
GE agrees major wind turbine deals in Turkey
GE Renewable Energy, which already has an over 1,200 MW installed base in Turkey, has agreed two more major deals to supply wind turbines and other equipment in the country, for a 158 MW project and a 138 MW project, according to press releases from the company. The first project in Turkey that GE Renewable […]
Bereket Enerji to offer portfolio of 1,100 MW HPPs, wind farms on stock market
Turkey’s energy group Bereket Enerji will offer a portfolio of about 1,100 MW hydropower plants and wind farms on the stock market as a part of a USD 4.6 billion debt restructuring deal with 9 banks. The power plant portfolio will be traded in the first quarter of the year, local media reported. Bereket Enerji […]
Elsewedy agrees to buy 4 wind farms, 1 SHPP in Greece
Egypt’s Elsewedy Electric, an integrated energy and infrastructure solution provider, has announced entering into a share purchase agreement with R.F. Energy S.A. (a subsidiary of F.G Europe S.A.) to acquire 100% of the share capital of 3 wind energy and 1 hydropower companies in operation in Greece. The total consideration agreed is EUR 55 million, […]
Days of Good Wind gather 200 participants from Croatia, world
A conference titled Days of Good Wind, organized by the Croatian Renewable Energy Sources (OIEH), which started yesterday and ends today in Vodice, has gathered around 200 participants from Croatia and around the world interested in the future of wind energy, with a special focus on the region of South East Europe. The conference is […]