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Vestas Cutting Jobs Despite Leading Wind Installations

March 22, 2022

Vestas occupies the top spot when it comes to market share among global wind turbine manufacturers, according to a new analysis, but the Danish business is not immune to the challenges facing several of the leading companies in the wind power sector.

Supply chain issues are buffeting wind energy, as they have other industries. Though Vestas Wind Systems A/S continues as the leading manufacturer of wind turbines, according to a GlobalData report released March 22, the company also this month announced it plans to cut at least 275 jobs, including 75 in Denmark, in what it termed a “highly volatile environment” for the sector. A Vestas spokesperson in a statement said the group wants to balance “2022 priorities and long-term growth” for the company, with the job cuts part of “adjusting our activities and organizational setup.”

It’s the latest round of job cuts for the wind energy giant. A POWER analysis of Vestas’ announcements found the company has jettisoned nearly 2,000 jobs from its manufacturing facilities in Denmark, the UK, Germany, and Colorado since September 2019.…

How Nevada Is Leading the Renewable Energy and Battery Storage Charge [PODCAST]

August 6, 2019

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Renewable energy and battery storage are hot topics in the U.S. today. Lawmakers throughout the country debated various new energy policies during the 2019 legislative session. Nevada is among the states leading the way forward. Several new laws were passed in the state that will affect power companies and consumers for years to come.

Curt Ledford, a Nevada-based attorney who is a partner with Davison Van Cleve PC, was a guest on The POWER Podcast. Ledford’s practice is focused on utility, administrative, corporate, cooperative, and regulatory law, as well as general matters affecting energy developments, generation facilities, renewable energy, and Nevada’s utilities.

On the podcast, Ledford touched on several legal and legislative developments that occurred recently. Among the topics were changes to Nevada’s fundamental utility ratemaking structure and changes to the state’s open access for large customers. He also elaborated on an update to the state’s renewable portfolio standard, which requires 50% of Nevada’s energy to come from renewable sources by 2030.…

Exelon, America’s Leading Nuclear Generator, Keeps the Faith on Nukes

July 25, 2016

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The U.S. nuclear power business is in trouble, and Exelon has six units totaling more than 5,300 MW of dependable capacity on the chopping block. How will the Chicago electricity giant respond? Perhaps by acquiring more merchant nuclear capacity?

Chicago-based Exelon Corp., the largest nuclear power generator in the U.S., is facing what could be the greatest challenge in the company’s history. Exelon confronts the potential shutdown of six operating nuclear generating units at four stations, out of a fleet of 23 units at 14 stations across the country.

This comes after Exelon essentially abandoned coal, selling off its interests in coal-fired generation. In late 2014, the company unloaded its last minority shares in major coal generation, the Keystone (42%) and Conemaugh (32%) plants in central Pennsylvania, once a significant element in its power mix (see sidebar “Exelon’s Generating Fleet”). RTO Insider newsletter commented, “Exelon once had extensive coal-fired generation but has either sold or retired them over the years as it concentrated on new gas-fired generation and its massive nuclear fleet.”…