Latest news with #windturbines
Yahoo
2 days ago
- Automotive
- Yahoo
Siemens Gamesa, Chinese magnet suppliers discuss European production, COO says
By Christoph Steitz ERLANGEN, Germany (Reuters) -Wind turbine maker Siemens Gamesa is in talks with Chinese suppliers of rare earth permanent magnets about the possibility of bringing production to Europe, in a bid to cut the region's reliance on imports after curbs on supplies from China. Delays in Chinese rare earth export permits have caused European car makers and their suppliers to scramble for alternatives in a market that is dominated by the world's No. 2 economy, threatening production stops across the continent. The wind sector also depends on rare earths processed in China, most notably neodymium, which is used in permanent magnets - a key turbine component - but currently not affected by export permit delays. A division of Siemens Energy, Siemens Gamesa, the world's biggest maker of offshore wind turbines, has already taken steps to diversify away from China, including a deal earlier this week under which it will get permanent magnets from Japan's TDK. "Regarding the issue of Chinese magnet dependence it's also about the following question: Would I rather spend a little more money in Europe to become resilient? Or are there ways to incentivise suppliers from outside Europe to build a footprint in Europe?," Carina Brehm, Siemens Gamesa's chief operating officer said at a company event. "In general, we are also talking to Chinese suppliers about the possibility of building factories in Europe. If investments in sustainable structures are made here as part of fair competition, this is definitely an option." While Brehm did not identify any of the suppliers, some of the biggest include JL MAG Rare-Earth, Ningbo Yunsheng and Baotou Tianhe Magnetics Technology. Siemens Gamesa, which is trying to emerge from a quality crisis that has caused major losses in recent years, was working hard on its goal to break even in 2026, Brehm said. Asked about whether the onshore wind division, which was the source of the issues, was up for sale, Siemens Energy's finance chief Maria Ferraro said the portfolio was staying together with the expectation that double-digit margins would be generated in the future. "The team is rallying around ensuring the stability in that business. It's not easy. But what's important is that it's performing in line with our expectations," Ferraro said.
Reuters
2 days ago
- Business
- Reuters
Siemens Gamesa, Chinese magnet suppliers discuss European production, COO says
ERLANGEN, Germany, June 26 (Reuters) - Wind turbine maker Siemens Gamesa is in talks with Chinese suppliers of rare earth permanent magnets about the possibility of bringing production to Europe, in a bid to cut the region's reliance on imports after curbs on supplies from China. Delays in Chinese rare earth export permits have caused European car makers and their suppliers to scramble for alternatives in a market that is dominated by the world's No. 2 economy, threatening production stops across the continent. The wind sector also depends on rare earths processed in China, most notably neodymium, which is used in permanent magnets - a key turbine component - but currently not affected by export permit delays. A division of Siemens Energy ( opens new tab, Siemens Gamesa, the world's biggest maker of offshore wind turbines, has already taken steps to diversify away from China, including a deal earlier this week under which it will get permanent magnets from Japan's TDK (6762.T), opens new tab. "Regarding the issue of Chinese magnet dependence it's also about the following question: Would I rather spend a little more money in Europe to become resilient? Or are there ways to incentivise suppliers from outside Europe to build a footprint in Europe?," Carina Brehm, Siemens Gamesa's chief operating officer said at a company event. "In general, we are also talking to Chinese suppliers about the possibility of building factories in Europe. If investments in sustainable structures are made here as part of fair competition, this is definitely an option." While Brehm did not identify any of the suppliers, some of the biggest include JL MAG Rare-Earth ( opens new tab, Ningbo Yunsheng ( opens new tab and Baotou Tianhe Magnetics Technology ( opens new tab. Siemens Gamesa, which is trying to emerge from a quality crisis that has caused major losses in recent years, was working hard on its goal to break even in 2026, Brehm said. Asked about whether the onshore wind division, which was the source of the issues, was up for sale, Siemens Energy's finance chief Maria Ferraro said the portfolio was staying together with the expectation that double-digit margins would be generated in the future. "The team is rallying around ensuring the stability in that business. It's not easy. But what's important is that it's performing in line with our expectations," Ferraro said.
Yahoo
2 days ago
- Business
- Yahoo
Siemens Gamesa, Chinese magnet suppliers discuss European production, COO says
By Christoph Steitz ERLANGEN, Germany (Reuters) -Wind turbine maker Siemens Gamesa is in talks with Chinese suppliers of rare earth permanent magnets about the possibility of bringing production to Europe, in a bid to cut the region's reliance on imports after curbs on supplies from China. Delays in Chinese rare earth export permits have caused European car makers and their suppliers to scramble for alternatives in a market that is dominated by the world's No. 2 economy, threatening production stops across the continent. The wind sector also depends on rare earths processed in China, most notably neodymium, which is used in permanent magnets - a key turbine component - but currently not affected by export permit delays. A division of Siemens Energy, Siemens Gamesa, the world's biggest maker of offshore wind turbines, has already taken steps to diversify away from China, including a deal earlier this week under which it will get permanent magnets from Japan's TDK. "Regarding the issue of Chinese magnet dependence it's also about the following question: Would I rather spend a little more money in Europe to become resilient? Or are there ways to incentivise suppliers from outside Europe to build a footprint in Europe?," Carina Brehm, Siemens Gamesa's chief operating officer said at a company event. "In general, we are also talking to Chinese suppliers about the possibility of building factories in Europe. If investments in sustainable structures are made here as part of fair competition, this is definitely an option." While Brehm did not identify any of the suppliers, some of the biggest include JL MAG Rare-Earth, Ningbo Yunsheng and Baotou Tianhe Magnetics Technology. Siemens Gamesa, which is trying to emerge from a quality crisis that has caused major losses in recent years, was working hard on its goal to break even in 2026, Brehm said. Asked about whether the onshore wind division, which was the source of the issues, was up for sale, Siemens Energy's finance chief Maria Ferraro said the portfolio was staying together with the expectation that double-digit margins would be generated in the future. "The team is rallying around ensuring the stability in that business. It's not easy. But what's important is that it's performing in line with our expectations," Ferraro said. Sign in to access your portfolio
BBC News
2 days ago
- Climate
- BBC News
Moorland weather test mast plan for Scout Moor II approved
Plans for a temporary weather-monitoring mast on moorland to measure wind conditions for the potential new Scout Moor II wind turbine development have been approved. Cubico Sustainable Investments has been given approval with conditions to erect a 91m (300ft) high meteorological mast with equipment on land west of Rooley Moor Road, bordering Rossendale and application was deferred last month to allow for public feedback on a separate, but linked, application for signs around the Rooley Moor site. No feedback was received on the signs, but objections regarding the mast, included damage to moorland peat and harm to nesting birds or sheep during lambing. 'Net zero targets' At the council planning meeting, objector Alan Rawsterne of Rooley Moor Neighbourhood Forum said his group opposed the whole Scout Moor II wind farm project. He said: "This weather mast would destroy peat-land that has taken 600 years to form. "The damage could not be undone. That alone should warrant refusal."But Mark Worcester, the planning agent representing Cubico said the mast would "represent a significant contribution to national net zero targets, greener energy and secure energy supplies". He said the data it would collect "is needed by banks, regarding finance and for wind turbine manufacturers"."This development would be wholly appropriate, in keeping with planning policies and sensitive to the area," he said, adding that there would also be a peat restoration a vote, the majority of councillors approved the plan, which had been recommended for approval, the Local Democracy Reporting Service said. Listen to the best of BBC Radio Lancashire on BBC Sounds and follow BBC Lancashire on Facebook, X and Instagram and watch BBC North West Tonight on BBC iPlayer.
CTV News
6 days ago
- General
- CTV News
South-West Oxford becomes unwilling host for wind turbines
South-West Oxford becomes unwilling host of wind turbines. (Source: South-West Oxford and Malahide Say No to Wind Turbines Group) The Council of the Township of South-West Oxford declared the municipality an unwilling host for wind turbines on June 17, making it the 159th municipality to become an unwilling host. The Southwest Oxford and Malahide Say No to Wind Turbines group presented at the meeting, and asked council to pass a resolution which wouldn't allow wind turbines. 'This marks an unprecedented level of municipal engagement, and we commend the leadership shown in standing up for the community's interests,' said the Southwest Oxford and Malahide Say No to Wind Turbines group in a statement. 'We are also deeply grateful to the many volunteers and community members whose dedication and tireless efforts helped make this possible. Your voices were heard; this is how democracy works.' Due to a high volume of concerned residents, council passed the resolution to stop any future developments of winds turbines. The resolution states that public health, property values, agricultural operations, water resources and environmental ecosystems would be negatively impacted by industrial wind turbines.
