Ventoco

A Congratulations is in order to the Nordex Group for finishing a fantastic year in 2024. All levers have improved from revenue to EBITDA, order intake in turbine sales as well as service sales, and so on. All in all a great year for Nordex. “Nordex Group achieves all 2024 financial and operational targets, reporting substantial increase in profitability 27. February 2025 2024 order intake grew by 20% to a record EUR 7.5 bn Sales increased by 12.5 percent to EUR 7.3 billion Full year EBITDA margin of 4.1 percent slightly exceeding the top end of the guidance range Q4/2024 EBITDA margin further improved to 4.9 percent Free cash flow reaches EUR 271 million, driven by operating business Positive net profit of EUR 9 million” Full report from Nordex Group: https://lnkd.in/emRbw3hW

Congrats to the UK for its visionary leadership covering the future of offshore wind!! https://lnkd.in/dfTtqhQF

On this day of the US Inauguration and the many days ahead, we’ll find out if the US President will change policies that would impact tens of thousands of jobs in the US. …..only time will tell! https://lnkd.in/dy22JwT4

I don’t know about you but my opinions and thoughts from near to medium term regarding US renewables, and the language in the IRA and alike, move from right to the left in more or less extremes. Well, guess what, only time will tell. In general and looking far beyond the next Presidential term, I’m highly confident in our green technologies and that we’re on the right path - and since we’re here for the long run, let’s just keep plowing away, eh? A brief read, and I broadly agree with the author to stay positive and that our future is still very bright. Click the link to the article: https://lnkd.in/g7N9gfTw

Is the timing of Trina’s sale of its new US factory a pure coincidence or a signal of what is to come from other suppliers that have invested stateside assuming a tax credit under Section 45x of the Inflation Reduction Act? https://lnkd.in/gP4jENnU

Is the timing of Trina’s sale of its new US factory a pure coincidence or a signal of what is to come from other suppliers that have invested stateside assuming a tax credit under Section 45x of the Inflation Reduction Act? https://lnkd.in/gP4jENnU

The next Administration may change and/or delay US offshore wind project development, however and as as this article points out, the development timeline for most of these offshore projects go far beyond the second term of the President Elect. In the long run, we believe US offshore wind will have its successes. #WindEnergy #SolarEnergy #EnergyStorage #Transmission #RenewableEnergy #Renewables https://lnkd.in/gDAZVMwB

The US Treasury and IRS issues important final clarifications to Section 45x of the Inflation Reduction Act. The guidance for this section of the IRA was first issued at the end of 2023. https://lnkd.in/g66uaN-c

An interesting study from Germany and an easy read on mis- and disinformation and how the general population perceive truths or untruths about wind energy. As the article states, it would be impossible to counter all mis- and disinformation. One should perhaps rather refer the general population and a reader to engage in a little more critical thinking when receiving information. As the story goes “if it sounds too good to be true, it probably is” and correspondingly, if it sounds far fetched what you hear about the wind industry, it likely is a fairytale. https://lnkd.in/gx7JUhX2

The Ventoco team is headed to #WindEnergyHamburg next week. You can find us at the Danish Pavilion in Exhibitor Hall B2.EG, Stand 206.2. To connect with us leading up to this event, please reach out to [email protected] or call us at +1 630-390-8421. #EnergyTransition #Sustainability #RenewableEnergy?#Transmission