First Vestas V236-15.0 Offshore Install, GE Vernova Q1 Results, Siemens Gamesa Outlook

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. Sign up now for Uptime Tech News, our weekly email
update on all things wind technology. This episode is sponsored
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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: 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.