BBVA has certified as green three non-recourse factoring operations from the wind turbine manufacturer Nordex. Closed in 2019 for approximately €265 million, the operations will deduct invoices from wind turbine supplies that the Germany company will provide the builder of various wind farms. Through factoring, a short-term working capital financing option that involves the early … Continue reading BBVA and Nordex sign three wind energy factoring operations
Continue readingMonthly Archives: February 2020
EIA Releases 2050 Projections For Energy & Makes
The US Energy Information Administration (EIA) recently released its Annual Energy Outlook 2020 report. Unlike Lazard’s annual present to empirically oriented observers of the global energy transformation, the EIA’s reports typically are head-scratchers, and this one is no different. Image courtesy EIA That’s right, in the age of global warming, when the UN IPCC 1.5 … Continue reading EIA Releases 2050 Projections For Energy & Makes
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WindESCo Partners with IntelStor on Wind Energy Data Analytics
WindESCo Incorporated (“WindESCo”) headquartered in Boston, Massachusetts has signed an agreement with IntelStor LLC to provide services on data and market analysis which will complement the company’s industry leading wind turbine performance analytics and smart sensing solutions. IntelStor will use its advanced algorithms and market analytics to evaluate the existing installed base of more than … Continue reading WindESCo Partners with IntelStor on Wind Energy Data Analytics
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Cerro Dominador concentrated solar power project has culminated another important phase
The pioneering Cerro Dominador solar thermal project has culminated another important phase in its development process with the start of salt fusion works. This concentrating solar power project, in which MMYPEM participates, aims to build a 100MW photovoltaic plant and the first solar thermal plant in Latin America, which will have another 110MW of capacity … Continue reading Cerro Dominador concentrated solar power project has culminated another important phase
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Industrial scale renewable hydrogen project advances to next phase
GBP 7.5 million funding secured for phase two of Gigastack, which is to demonstrate low-cost, zero-carbon hydrogen in the UK to industrial scale. Project consortium includes ITM Power, Ørsted, Phillips 66 Limited and Element Energy. GBP 7.5 million funding has been awarded for the next phase of Gigastack, a new renewable hydrogen project, as part … Continue reading Industrial scale renewable hydrogen project advances to next phase
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Electric flight from Mannheim to Berlin in a 19-seater aircraft
Following on from the first electrically powered small aircraft, the next big step for electric flight will be in the commuter class, with 19-seater aircraft. The German Aerospace Center (Deutsches Zentrum fuer Luft- und Raumfahrt; DLR) has teamed up with Bauhaus Luftfahrt to work on the CoCoRe (Cooperation for Commuter Research) project, which examines the … Continue reading Electric flight from Mannheim to Berlin in a 19-seater aircraft
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Vestas led wind turbines for wind energy in 2019
The commissioning of wind turbines for wind power increased by 21% to 61GW in 2019, with Danish manufacturer Vestas once again taking first place despite its market share being reduced and despite Vestas installing less capacity than the previous year. Only four wind turbine manufacturers accounted for 55% of the total wind capacity commissioned last … Continue reading Vestas led wind turbines for wind energy in 2019
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Zhong Neng Agreement Underscores Considerable Localisation Progress for MHI Vestas Offshore Wind in Taiwan
After being selected as preferred wind turbine supplier for 300 MW project, MHI Vestas readies for noteworthy industrial announcements. On the heels of its selection as preferred wind turbine supplier for the 300 MW Zhong Neng Offshore Wind Farm, MHI Vestas has reaffirmed its commitment to the nascent sector as it moves into prime position … Continue reading Zhong Neng Agreement Underscores Considerable Localisation Progress for MHI Vestas Offshore Wind in Taiwan
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EDPR, Vestas and Nordex are the new partners of RES4Africa
After joining the renewAfrica initiative, EDP Renováveis from Spain, Vestas from Denmark and Nordex from Germany have opted to join RES4Africa too, the Foundation seeing Enel Green Power as a founding member, aiming to promote renewables in the African continent. RES4Africa, the Foundation promoting the development of renewable energy in African countries, benefits from three … Continue reading EDPR, Vestas and Nordex are the new partners of RES4Africa
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Mexico leads wind energy in Latin America
Mexico continues to contribute to the fight against climate change and the fulfillment of international agreements, a very clear example of it has been reflected in wind energy, which in addition to benefiting the environment, has resulted in economic growth for the country and in development sustainable for the communities where the wind farms are … Continue reading Mexico leads wind energy in Latin America
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Wind power and photovoltaic production records in Europe
The German market had its first day of 2020 with a negative daily price yesterday, February 16, thanks to rising temperatures, lower demand and high wind production. Spain broke its historical record of instant photovoltaic production twice last week and Germany’s daily wind energy production also set a record. This week, prices are expected to … Continue reading Wind power and photovoltaic production records in Europe
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China’s wind energy sector faces significant impact due to the coronavirus, Wood Mackenzie warns
The new coronavirus outbreak could have a significant impact on the wind energy industry in China, according to research by Wood Mackenzie. In a statement Monday, the research and consultancy firm said the virus — officially known as COVID-19 — had “brought much of China’s wind turbine component production to a standstill in recent weeks.” … Continue reading China’s wind energy sector faces significant impact due to the coronavirus, Wood Mackenzie warns
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ABB to deliver Triton Knoll transformers
ABB’s Power Grids business has been selected by MHI Vestas Offshore Wind (MHI Vestas) to deliver its WindSTAR transformers which will deployed at the Triton Knoll offshore wind farm. MHI Vestas has been tasked deliver 90 wind turbines for the wind farm and ABB’s WindSTAR transformers will be installed in each turbine. ABB’s high-performance WindSTAR … Continue reading ABB to deliver Triton Knoll transformers
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EnVentus V162-5.6 MW wind turbines for wind power in Sweden
Vestas has secured a 39 MW wind farm order and a 30-year service contract from long-term customer Stena Renewables AB for the Riskebo wind energy project in the Hedemora Municipality in Sweden. The project will be the first in Sweden to leverage the EnVentus V162-5.6 MW wind turbine’s rotor size and high capacity factor to … Continue reading EnVentus V162-5.6 MW wind turbines for wind power in Sweden
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Europe now gets 15% of its electricity from wind energy
Europe installed 15.4 GW of new wind energy in 2019. Three quarters of this wind power was onshore wind farm, 11.8 GW, new offshore wind power was 3.6 GW. Europe now has 205 GW of wind energy. And it accounted for 15% of all electricity consumption in Europe last year. The United Kingdom (2.4 GW, … Continue reading Europe now gets 15% of its electricity from wind energy
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Zimbabwe must harness wind energy
With hydro and thermal power stations at Kariba and Hwange largely failing to meet Zimbabwe’s growing appetite for electricity, renewable energy sources have been on a lot of people’s minds of late. There is a mounting body of evidence showing the damage to our environment caused by fossil fuels, which compels the country to take … Continue reading Zimbabwe must harness wind energy
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Two wind energy projects approved in La Guajira
After several months of processing, the approval of the environmental license for the development of wind power projects in La Guajira was finally achieved. This news was produced today to celebrate World Energy Day. The wind farm will be located in the municipality of Maicao and will operate with 45 wind turbines, which will provide … Continue reading Two wind energy projects approved in La Guajira
Continue readingThe variability of wind energy once again determined the behavior of market prices
The variability of wind power is the main cause. In markets such as German and French, wind turbines production went up, while in the south of the continent it fell. On February 10 there was a record of instant photovoltaic production in Spain. In the fuel markets the bearish sentiment is maintained by the threat … Continue reading The variability of wind energy once again determined the behavior of market prices
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Record of wind power in Argentina
Renewable energies reached a capacity of 2004 MW (over an installed park of more than 2700 MW) and supplied 12% of the Argentine Interconnection System (SADI). The monthly energy generated in December 2019 had been 912.2 gigawatt-hours (GWh) and the almost uninterrupted ascent started in May 2018 continued. In the last month of last year, … Continue reading Record of wind power in Argentina
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NREL unveils 15 MW wind turbine developed with DTU
The National Renewable Energy Laboratory (NREL) in the US has released an open-source model for an offshore wind turbine developed in collaboration with the Technological University of Denmark and University of Maine. It was partially funded by the Department of Energy’s Office of Energy Efficiency and Renewable Energy’s Wind Energy Technologies Office. NREL designed the … Continue reading NREL unveils 15 MW wind turbine developed with DTU
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