General Electric put the eye on German offshore wind

15/04/2016 00:54 Renewable


General Electric (GE), the world's third largest wind turbine manufacturer by market share after Denmark's Vestas and China's Goldwind is envisaging positioning itself in Germany’s flourish offshore wind sector and also is looking at nascent wind industries in Eastern Europe.

GE hopes to complete successfully the 900MW DolWin 3 offshore grid connection project which will prove a good reference in the company’s future bids for German offshore wind projects. In 2013, TenneT awarded a contract for the supply and construction of DolWin3 onshore and offshore converter stations as well as the connecting cable systems to Alstom, which in the meantime sold its power and grid businesses to GE. This resulted in a merge, renamed GE Power. The DolWin3 is expected to become operational and to connect the German offshore wind farms to the grid in 2017. In Eastern Europe, GE eyes onshore wind, being interested in Balkan countries, particularly in Poland and Romania.

Daily (14.11.2019): EUAs rebounded by 1% on Wednesday, amidst a lack of auction supply and positive economic data

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Crude oil prices inched higher on Wednesday, stimulated by upbeat economic comments from Jerome Powell, the Chair of Federal Reserve. A drop in U.S. crude stocks and a positive outlook on oil markets from OPEC also supported prices. On this background, WTI futures rose by 0.6% to $57.12 a barrel, while Brent crude edged 0.5% higher at$62.37 a barrel.


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Mirova fund raises €857m for renewables

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