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Siemens Gamesa Warns Europe, Shell Sells Offshore Wind

Allen covers Siemens Gamesa’s warning that Europe is 40 GW short on offshore wind, Shell’s plan to sell its offshore wind farms, Maine’s multi-state bidding round, and Egypt’s grid financing deal.

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The wind industry got a warning this week… and it came from the top.

Siemens Gamesa, the world’s largest maker of offshore wind turbines, says governments in Europe may be running out of time. The company’s chief executive sounded the alarm Thursday. Europe is currently forty gigawatts short of its one-hundred-and-twenty gigawatt offshore target for twenty thirty. Sixteen gigawatts of projects in Germany alone are at risk of delay, tangled up in lengthy permitting and grid connection backlogs. The plants are running full today. But without new orders soon, factories could go dark for contracts starting in twenty twenty-eight.

“It is not yet an existential threat,” said Siemens Gamesa chief Vinod Philip, “but it could become one.” He stopped short of predicting shutdowns. But he said the company would likely have to downsize resources if governments fail to act quickly. Europe’s offshore supply chain has already committed fourteen billion euros to meet the twenty thirty targets. That is roughly sixteen billion dollars… with no guarantee the orders will follow.

Meanwhile… one of the world’s biggest oil companies is quietly walking away from wind. Shell is preparing to sell its offshore wind farms in a deal that could fetch more than one billion dollars. The company has hired advisers to run the process, which could launch before the year is out, with a sale expected sometime in twenty twenty-seven.

Shell once dreamed of becoming the world’s largest electricity producer. That vision died when its current chief executive took over in early twenty twenty-three and shifted the focus back to fossil fuels and shareholder returns. Since then, Shell has been unwinding its green power portfolio piece by piece. It sold its European onshore renewables arm. It sold Indian renewable company Sprng Energy, which it had bought just years earlier for one-point-five-five billion dollars. And it walked away from planned offshore wind farms in Scotland. When this latest sale closes, Shell will have little wind left in its portfolio.

But where one door closes… another opens. Up in the northernmost corner of Maine, a region that has sat on one of the best wind resources in the country for years, a long-awaited breakthrough may finally be at hand. The Maine Public Utilities Commission is closing its latest round of bidding for wind and solar generation in Aroostook County, plus the new transmission lines needed to move that power south to the rest of New England. The target: at least twelve hundred megawatts. Enough to power hundreds of thousands of homes.

Maine is not going it alone this time. Connecticut, Massachusetts, Rhode Island, and Vermont are sharing the cost of the new transmission infrastructure. The previous attempt in twenty twenty-one fell apart. Costs rose. Deals could not be finalized. Landowners fought the proposed one-hundred-forty-mile power line. This time, officials say things are different. The multi-state partnership changes the math. And northern Maine’s wind resource has not gone anywhere. Dozens of energy companies have signed up to compete, from local developers to major multinationals. If everything goes to plan, the best-case scenario puts new turbines spinning in the twenty thirties.

And half a world away… Egypt is making a major investment to keep pace with its own renewable ambitions. The Egyptian prime minister this week witnessed the signing of a financing agreement worth sixty billion Egyptian pounds, earmarked for the national electricity transmission network. That money will go toward upgrading the grid so it can absorb the solar and wind power Egypt plans to add in the coming years. The target: forty-five percent of national electricity from renewable sources by twenty twenty-eight. The electricity minister said modernizing the grid is a “continuous and evolving process,” and that implementation timelines are being compressed to meet that twenty twenty-eight deadline.

The wind is shifting. The question is… who moves with it.

And that’s the state of the wind industry for the 15th of June 2026. Join us for the Uptime Wind Energy podcast tomorrow.

Siemens Gamesa Warns Europe, Shell Sells Offshore Wind