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RWE Finances and Equinor’s Empire Wind Struggles

This week Allen discusses the European Investment Bank’s major wind farm investment in Romania, the financial performance of German energy giant RWE, and the potential cancellation of Equinor’s Empire Wind Project due to regulatory challenges.

Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on FacebookYouTubeTwitterLinkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes’ YouTube channel here. Have a question we can answer on the show? Email us!

Welcome to Uptime News. Flash Industry News Lightning fast. Your host, Allen Hall, shares the renewable industry news you may have missed.

Allen Hall: Okay, starting off the week over in Romania, the European investment bank is investing 30 million euros in a major wind farm project in Romania. The poster two project located near the Black Sea, will have a capacity of up to 400 megawatts.

That’s enough to supply over 1.4 million Romanian households for an entire year. The EIB is partnering with Copenhagen Infrastructure Partners on the project with the total investment expected to be in excess of 500 million Euros.

Construction is due to start later this year and it will bolster the European Union’s push for climate neutrality by mid-century.

German energy Giant RWE, reported an adjusted EBITDA of 1.3 billion euros [00:01:00] for the first three months of 2025. Adjusted net income amounted to 0.5 billion euros as expected earnings were below the level of the same quarter last year.

This decline was primarily attributable to normalization of income in the flexible generation segment and a weaker start to the year in the trading business. The commissioning of new offshore wind farms, solar plants, and battery storage facilities had a positive impact on the company’s performance.

RWE commissioned 600 megawatts of new generation capacity in the first quarter alone. The company, currently has new plants with a combined capacity of 11.2 gigawatts under construction. Michael Mueller, chief financial officer of RWE, stated that they were reaffirming their full year earnings forecast after a solid start to the year.

He noted, that the company is making great progress in expanding its portfolio in a value accretive manner. Construction projects remain on schedule [00:02:00] and on budget.

Over in Norway, Equinor is warning it may cancel its Empire Wind Project off New York’s coast.

Following a Trump administration stop work order, the company is spending $50 million weekly to keep the project afloat while awaiting resolution. Molly Morris, president of Equinor’s US renewable energy arm, describe the situation as unsustainable. The Interior Department led by Secretary Doug Bergham ordered Equinor to halt construction

on April 17th. The order cited information suggesting the Biden administration may have approved the project without a thorough environmental analysis. The stop work order stemmed from a report by the National Oceanic and Atmospheric Administration.

However, Equinor says it has not seen the report and is not aware of the specific concerns raised. The project represents a significant investment for Equinor. The company has already invested $2.7 billion in the [00:03:00] Empire Wind Facility.

Currently, 11 vessels with 100 workers remain on board, sitting on the water, waiting for an order to resume work. That’s this week’s top. New stories. Stay tuned tomorrow for the Uptime Wind Energy Podcast.

https://weatherguardwind.com/rwe-equinor-empire-wind/

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Trump’s Popularity on “The Continent”

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I can’t swear that the data at left is accurate, but it certainly rings true based on the considerable number of Europeans I meet each month. They tend to disapprove of lawlessness, stupidity, and wars that are unnecessary and illegal.

By comparison, Americans are uneducated savages.

Trump’s Popularity on “The Continent”

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Moray West Offline, Iberdrola in Australia

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Moray West Offline, Iberdrola in Australia

Allen covers a substation failure that has left Scotland’s 882 MW Moray West farm half-offline since November, GE Vernova’s new Italy contract and Milan factory investment, Iberdrola’s sixth Australian acquisition of 2026, and Flender India’s new gearbox test rig near Chennai.

Sign up now for Uptime Tech News, our weekly newsletter on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on YouTubeLinkedin and visit Weather Guard on the web. And subscribe to Rosemary’s “Engineering with Rosie” YouTube channel here. Have a question we can answer on the show? Email us!

The wind industry had quite a week.

Let us start in Scotland, off the rugged north-east coast, where something has gone quietly wrong. Ocean Winds and Ignitis built Moray West, an eight hundred and eighty-two megawatt offshore wind farm — one of the largest in Scotland. But one of its two offshore substations has been offline since November. Half the farm’s capacity … gone dark. And there is more. The project missed a contractual milestone last September under an off-take agreement. That triggered an event of default under its project lending agreements. The lenders and the sponsors have agreed to a short-term waiver. Discussions are described as constructive. Commercial operations, originally expected last year, are now targeted for sometime in 2026. Eight hundred and eighty-two megawatts … waiting.

Now, let us travel south to Italy. GE Vernova has won a contract to supply seventeen onshore turbines to IVPC Group’s Fortore wind farm in the Benevento region of southern Italy. The project tops one hundred megawatts. Turbine deliveries begin in twenty twenty-seven. GE Vernova is also investing thirty million dollars to expand its Sesto San Giovanni plant outside Milan. That investment boosts production of transformer bushings, the insulating components that keep high-voltage equipment running. About fifty new jobs are coming to that facility. And GE Vernova’s two-piece blade design for its six-point-one megawatt turbines is already drawing attention as developers scramble to crack Italy’s notoriously complex logistics and permitting hurdles. Italy is a market in motion.

Now, to the other side of the world. Iberdrola has completed the acquisition of the Ararat wind farm in Victoria, Australia. Two hundred and forty-two megawatts. Operational since twenty seventeen. This is Iberdrola’s sixth transaction of twenty twenty-six alone, and it marks the Spanish giant’s first owned generation asset in Victoria, Australia’s second most populous state. Iberdrola now operates in five Australian states with more than twenty-five hundred megawatts of installed capacity. Victoria has set a target of ninety-five percent renewable energy by twenty thirty-five. Iberdrola intends to help get it there.

And finally, from Chennai, India, comes a story about getting ready for what is coming. Flender India has just inaugurated its largest and most advanced gearbox test rig for wind turbines at its Walajabad facility near Chennai. The project began in January of twenty twenty-five at Flender’s Voerde site in Germany. From start to finish, thirteen months. Final assembly, three months. This is a collaboration between Flender’s operations in Germany, China, and India. CEO Andreas Evertz called it a testament to their global commitment to driving renewable energy solutions worldwide. India’s wind market is growing fast, and Flender is making sure it can test every gearbox that growth demands.

So, let us step back and look at the picture. A Scottish offshore wind farm sits half-dark while its owners negotiate with lenders. GE Vernova plants its flag in southern Italy and invests thirty million dollars in an Italian factory. Iberdrola expands to a sixth Australian transaction in a single year. And Flender India builds the biggest gearbox test rig on the subcontinent. And that is the state of the wind industry for the ninth of March, twenty twenty-six. Join us for the Uptime Wind Energy Podcast tomorrow

Moray West Offline, Iberdrola in Australia

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Two Thousand Years Later, Society’s Relationship with Religion Hasn’t Changed Much

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As shown at left, the ancient Roman stoic philosopher Seneca had a viewpoint on religion that is shared 100% by modern atheists.

Two Thousand Years Later, Society’s Relationship with Religion Hasn’t Changed Much

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