Siemens Gamesa Posts Nearly $1 Billion Quarterly Loss

Credit to Author: Darrell Proctor| Date: Thu, 02 Feb 2023 16:04:30 +0000

Siemens Gamesa chief executive Jochen Eickholt acknowledged equipment failures in both the company’s onshore and offshore wind turbines, leading to higher warranty provisions, contributed to a nearly $1 billion net loss for the company in the last three months of 2022. Eickholt on Feb. 2 said the company’s October to December—the group’s fiscal first quarter—loss […]

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The POWER Interview: Abu Dhabi’s Plan for Renewable Energy in the UAE

Credit to Author: Darrell Proctor| Date: Tue, 24 Jan 2023 14:27:54 +0000

The United Arab Emirates (UAE) is in the midst of an energy transition, moving away from its nearly exclusive use of natural gas-fired power generation to a strategy based on renewable energy resources. The country has an abundance of natural gas, and it also has significant solar power potential. The UAE also is adding nuclear […]

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Group Says China Will Add 70 GW of Coal- and Gas-Fired Generation in 2023

Credit to Author: Darrell Proctor| Date: Sat, 21 Jan 2023 17:05:08 +0000

A lobbying group for China’s power generation sector said the country will add about 70 GW of fossil fuel-powered capacity this year, even as renewable energy is set to provide more than half of China’s electricity production in 2023. The China Electricity Council in a report published Jan. 19 said the 70 GW of new […]

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Group Says China Will Add 70 GW of Coal- and Gas-Fired Generation in 2023

Credit to Author: Darrell Proctor| Date: Sat, 21 Jan 2023 17:05:08 +0000

A lobbying group for China’s power generation sector said the country will add about 70 GW of fossil fuel-powered capacity this year, even as renewable energy is set to provide more than half of China’s electricity production in 2023. The China Electricity Council in a report published Jan. 19 said the 70 GW of new […]

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New Mexico Transmission Line Will Support Renewable Energy Development

Credit to Author: Darrell Proctor| Date: Wed, 18 Jan 2023 16:44:27 +0000

A major power transmission project will proceed in New Mexico after a regulatory group approved a public-private partnership for development of a 400-mile high-voltage direct current line. The New Mexico North Path project could move as much as 4 GW of renewable energy from sites in northeastern New Mexico to the state’s Four Corners region, […]

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The POWER Interview: Sphera Exec Talks Supply Chain Solutions

Credit to Author: Darrell Proctor| Date: Fri, 06 Jan 2023 15:31:40 +0000

Several executives in the power generation space weighed in for POWER’s recent report on supply chain issues in the sector. Sourcing of equipment also was a hot topic in POWER’s 2023 forecast for the industry. It’s no surprise. The power sector is not exempt from the problems that have impacted business and industry worldwide, from […]

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Grid Infrastructure and Renewable Energy Projects Thrive, Workforce and Supply Chain Issues Continue in 2023

Credit to Author: Aaron Larson| Date: Tue, 03 Jan 2023 05:18:18 +0000

T&D-transmission-distribution

The Inflation Reduction Act will spur growth in clean energy and upgrades to grid infrastructure, but workforce shortages and supply chain constraints are likely to challenge power companies for at least the

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10 Near-Term Global Power Sector Trends

Credit to Author: Sonal Patel| Date: Tue, 03 Jan 2023 05:17:14 +0000

While 2021 provided its own share of extraordinary energy debacles, Russia’s invasion of Ukraine in early 2022 cascaded into full-blown energy turmoil. This year will begin with the world “in the midst of

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10 Near-Term Global Power Sector Trends

Credit to Author: Sonal Patel| Date: Tue, 03 Jan 2023 05:17:14 +0000

While 2021 provided its own share of extraordinary energy debacles, Russia’s invasion of Ukraine in early 2022 cascaded into full-blown energy turmoil. This year will begin with the world “in the midst of

The post 10 Near-Term Global Power Sector Trends appeared first on POWER Magazine.

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Power Sector Seeks Solutions for Supply Chain Issues

Credit to Author: Darrell Proctor| Date: Tue, 03 Jan 2023 05:16:11 +0000

The pandemic exposed issues with the global supply chain that provides resources for power generation. The pressure of having enough equipment to meet industry needs has spurred an emphasis on domestic

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