Nordex Optimistic in US, National Grid Sells US Renewable Portfolio

This week on News Flash, Nordex's determined stance on US growth,
the Cenos Floating Wind Farm project, National Grid's sale of its
US renewable assets, and Europe's wind energy production expansion
to meet 2030 climate targets. Fill out our Uptime listener survey
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YouTube channel here. Have a question we can answer on the
show? Email us! Welcome to Uptime Newsflash, industry News
Lightning fast. Newsflash is brought to you by IntelStor. For
market intelligence that generates revenue, visit
www.intelstor.com. Allen Hall: Starting off the week, German wind
leader Nordex remains bullish on US growth despite President's
Trump Day one, suspension of offshore wind leasing. CEO, Jose Hlu
Blanco confidently told Reuters they'll hit targets, quote, even in
worse case scenarios. North American business surged 3% to 10% of
orders in 2024 while Nordex exceeded profit forecast with 296
million euros. The company now aims to recapture its former 15 to
18% of the US market position and projects five to 7% profit
margins for 2025. Energy developers, flotation Energy and Vagrønn
have filed for approval of their groundbreaking Cenos floating Wind
Farm with Scottish authorities. The 95 turbine project will tower
320 meters above the North Sea, 190 kilometers from Scotland's
coast. The innovative offshore wind development secured through
Crown Estate Scotland's in into program will power both UK homes
and North Sea oil platforms. Public consultation remains open until
April 4th, building on momentum from their successful Green Volt
project. In a major market move, national Grid is offloading its
entire US renewable portfolio to Canadian giant Brookfield for
$1.74 billion. The strategic divestment includes 1.8 gigawatts of
operational assets and 1.3 gigawatts under development across
solar, wind, and battery technologies. This sale follows similar
renewable pullbacks by energy majors Shell, BP and Equinor Amid
Profitability Challenges. National Grid will now concentrate
investment on its core energy network infrastructure with the
transaction expected to complete by early 2026. And finally,
European wind energy suppliers are rapidly expanding production
capacity with over 30 factories across the continent being expanded
or newly built to meet ambitious EU 2030 climate targets. SEF is
investing 300 million euros in Rotterdam to produce 200 triple XL
offshore wind foundations. Annually by mid 2025 while Siemens
Gamesa announced a 200 million Euro investment to upgrade its
facility in France to produce next generation 14 megawatt turbine
blades, creating 200 new jobs. The manufacturing expansion spans
cable production in nine European countries and turbine component
factories in Denmark, France, Poland, Italy, and the uk. These
investments totaling 11 billion euros over two years, strengthens
Europe's energy security and creates thousands of jobs.