The first Vestas V236 15 MW turbine has been installed offshore, GE Vernova makes significant improvements in wind for Q1, and Siemens Energy has an upgraded outlook following strong performance from Siemens Gamesa.
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Welcome to Uptime News. Flash Industry News. Lightning fast. Your host Allen Hall, shares the renewable industry news You may have missed.
Allen Hall: The first of 64 Vestas V 2 36 15 megawatt wind turbines has been installed at EnBW's He Dreiht project off the coast of Germany. This March the first time Vestas' flagship turbine has been installed at an offshore wind farm. Uh, the installation is being carried out by Cadeler’s Vessel Wind Orca, which recently completed similar work at Scotland's Moray West Wind Farm.
According to ENBW with a total output of 960 megawatts, HDR is Germany's largest offshore wind farm, currently under construction, and will produce enough electricity to supply an equivalent of 1.1 million households. The project is expected to start operation in late 2025. [00:01:00] GE Vernova reported significant improvements in its win segment for the first quarter of 2025.
While wind orders decrease 43% organically to 640 million driven by lower onshore wind equipment in the US, revenues increase 13% to $1.85 billion driven by higher onshore wind equipment deliveries, and improved pricing. The company invested more than $100 million to improve performance in its approximately 57,000 wind turbine installed base, and terminated. Its last remaining offshore wind supply agreement. Is proceeding towards completion on both Vineyard, wind and Dogger Bank for its 2025 Outlook.
GE Vernova expects wind organic revenue to be down mid single digits with segment EBITDA losses between 200 and 400 million. Siemens energy, ags win business. Siemens Gamesa continues to outperform expectations with its lost before special items [00:02:00] narrowing to 249 million euros in the second quarter of fiscal year 2025.
This marked an improvement fund, 446 million Euros a year ago and outperformed analysts consensus estimates of 342 million euros. Revenue grew 16.2% on a comparable basis to 2.71 billion euros, beating forecasts of 2.38 billion euros while orders declined marginally year over year to 875 million euros.
They still exceeded consensus expectations. Siemens Energy is working to turn Siemens Gamesa around aiming to reach break even in fiscal year 2026.
Now, following these better than expected results, Siemens Energy has upgraded its full year outlook now forecasting comparable revenue growth of 13 to 15% for the overall company with Siemens ESA expected to record revenue growth of zero to 2%, improve from the previous forecast [00:03:00] of negative growth. And that's gonna do it for this week's news flash.
Stay tuned for the Uptime Wind Energy Podcast tomorrow.