trending Market Intelligence /marketintelligence/en/news-insights/trending/saM_3xf3d6lOWzr8sMZKnw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Senvion looks to withdraw from 30 markets, simplify turbine range

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Senvion looks to withdraw from 30 markets, simplify turbine range

Senvion SA is looking to withdraw from around 30 countries and focus its market to about 20 countries only, as part a transformation program to stabilize the company, renews.biz reported March 20, citing an internal communication to staff from Senvion CEO Yves Rannou.

The transformation plan, announced in February, aims to put the focus back on Senvion's attractive markets, to streamline product portfolio and increase modularization to reduce costs, to increase competitiveness by saving measures, and to strengthen the financial basis.

Rannou, who assumed the role in January, said in the document that the company had "incorrect processes, an overly complex organization that had spread itself too thinly across new markets and a lack of customer focus."

As part of the plan, the Hamburg, Germany-headquartered wind turbine manufacturer will also simplify its turbine product range by dropping some turbine models and product families within the year. The company's "most imminent problem" is failing to convert "valuable orders into cash via excellence in execution in some countries," Rannou was quoted as saying.

As previously reported, Senvion's new management board postponed the release of the company's annual financial statements for fiscal 2018 as part of its ongoing structured transformation process. The company recently appointed Neil Robson as chief restructuring officer, as part of its efforts to secure financing solutions to implement its transformation program.