The Romanian Government introduced a set of three measures to tackle high energy prices. The underlying thought behind these new rules is to support consumers who would struggle otherwise. But they are simultaneously putting excessive pressure on power generators and distributors. First, domestic and corporate consumers receive financial compensation for their elevated power bills. This … Continue reading Romanian price measures undermine the wind energy market
Continue readingMonthly Archives: February 2022
Record investments of €9.94 billion boost Iberdrola’s net profit to €3.88 billion, up 8% on 2020
Construction and commissioning of green capacity accelerates. In the last 12 months, almost 3,500 MW of new renewable capacity has been installed: 1,181 MW photovoltaic, 1,141 MW onshore wind power, 998 MW hydroelectric – thanks to the Tâmega project in Portugal – and 162 MW of batteries. Capacity under construction has reached 7,800 MW, of … Continue reading Record investments of €9.94 billion boost Iberdrola’s net profit to €3.88 billion, up 8% on 2020
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China to build two 16-megawatt wind turbines
A company will erect them in the South China Sea. One of them, the MySE 16.0-242 wind turbine, can power 20,000 homes and has a useful life of 25 years. Each of its blades will measure 118 meters and will be 242 meters high. Clean energies are “renewable energies”: energy sources based on the use … Continue reading China to build two 16-megawatt wind turbines
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U.S. to hold its biggest offshore wind auction
The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey. It will be the first offshore wind lease sale under the administration of President Joe Biden, who has made the expansion … Continue reading U.S. to hold its biggest offshore wind auction
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RWE secured 6647MW of capacity agreements
The T-4 Capacity Market auction has completed for delivery 2025/26. The EMR Delivery Body (National Grid ESO) has announced that the capacity auction has cleared at £30.59/kW/yr and 42,364MW of capacity has been secured for the UK. A provisional list of the UK assets that have successfully secured an Agreement can be viewed here. This … Continue reading RWE secured 6647MW of capacity agreements
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Energy markets prices macrovolatility and geopolitical tensions
In addition to the tensions between supply and demand during the recovery from the crisis, fuels prices are exposed to the global geopolitical situation. In Europe, military tensions between Russia and NATO around Ukraine are driving gas prices, and indirectly electricity markets, into a prolonged high prices and macrovolatility situation. Geopolitical tensions between Russia, Ukraine … Continue reading Energy markets prices macrovolatility and geopolitical tensions
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Turbine supplier selected for Baltyk II and III projects in Poland
Equinor and partner Polenergia have selected Siemens Gamesa as the preferred supplier of wind turbine generators for the MFW Ba?tyk II and MFW Ba?tyk III projects, two of the largest and most advanced offshore wind farms being developed in Poland, with a total installed capacity of 1440 MW. The signing of the preferred supplier agreement … Continue reading Turbine supplier selected for Baltyk II and III projects in Poland
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Siemens Gamesa selected for Poland’s inaugural offshore wind power developments
1.44 GW total at MFW Baltyk II and MFW Baltyk III projects intended to use SG 14-236 DD wind turbines. First Preferred Supplier Agreements for SG 14-236 DD offshore wind turbine. Siemens Gamesa is pleased to announce the signature of two Preferred Supplier Agreements for the MFW Baltyk II and MFW Baltyk III wind power … Continue reading Siemens Gamesa selected for Poland’s inaugural offshore wind power developments
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France sends mixed messages on wind energy expansion
French President Emmanuel Macron recently presented his vision for the country’s path to carbon neutrality by 2050. If elected in the French elections in April this is the strategy he’ll move forward with. The plan entails a massive expansion of offshore wind, solar and some new nuclear power plants. But the onshore wind plans are … Continue reading France sends mixed messages on wind energy expansion
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Consultation launched for offshore wind energy in the Gulf of Cagliari (Italy)
Nora Ventu, the company set up by the partnership between Falck Renewables and BlueFloat Energy to develop floating offshore wind farms off the Sardinian coast, has launched a consultation to provide local communities with more information on two projects to be developed in the Gulf of Cagliari. Nora Ventu, named in homage to Sardinia’s history … Continue reading Consultation launched for offshore wind energy in the Gulf of Cagliari (Italy)
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Iberdrola increases its R&D&I investment by 15% to €337.5 million in 2021
Iberdrola invested €337.5 million in Research, Development and Innovation (R&D&I) activities in 2021. This amount represents an increase of 51% compared to the previous year, when the figure stood at €293 million. These resources have been allocated primarily to projects related to renewable energy, smart grids, digital transformation, green hydrogen and the development of customised … Continue reading Iberdrola increases its R&D&I investment by 15% to €337.5 million in 2021
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Photovoltaic and solar thermal and wind energy production in European electricity markets
In the week of February 14, European electricity markets prices fell, something that happened for the third consecutive week, and they were below €200/MWh. Some markets registered hourly or daily values that are among the lowest of the year. Electricity futures prices also fell mostly. The decreases were favoured by the decrease in demand and … Continue reading Photovoltaic and solar thermal and wind energy production in European electricity markets
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DNV awards Odfjell Oceanwind AiP for new Deepsea Semi™ floating offshore wind foundation
The Deepsea Semi™ floating wind foundation design has been developed for use in floating wind farms and for off-grid applications including temporary electrification of oil and gas installations in harsh environments. DNV has awarded Odfjell Oceanwind an Approval in Principle (AiP) for their new Deepsea Semi™ floating wind foundation design. The Deepsea Semi™ floating wind … Continue reading DNV awards Odfjell Oceanwind AiP for new Deepsea Semi™ floating offshore wind foundation
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OX2 applies for a permit to construct the offshore wind farm Triton, in the south of Sweden
OX2 has submitted a permit application under the act of Sweden’s Exclusive Economic Zone to construct an offshore wind farm in the Swedish Economic Zone off the coast of Skåne in the south of Sweden. The wind farm Triton that will be situated about 30 kilometer south of Ystad, will comprise of up to 129 … Continue reading OX2 applies for a permit to construct the offshore wind farm Triton, in the south of Sweden
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Onex Renewables Closes Acquisition of 221MW Portuguese Wind Portfolio
Onex Renewables (Onex), the low-carbon subsidiary of privately led infrastructure investment group Onex Holding, has confirmed the closing of a 221MW Portuguese wind portfolio transaction. Onex appointed Exus Management Partners (Exus), leading experts in powering sustainable investments through operational excellence – across a 9GW global portfolio – to deliver expert support and strategic advice in … Continue reading Onex Renewables Closes Acquisition of 221MW Portuguese Wind Portfolio
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Storm helps Poland hit wind energy record: 30% of power
Poland’s power distribution operator says the deadly high winds that struck last week generated a record level of wind energy, covering some 30% of the demand in Poland, where most of the electricity comes from coal. Deadly high winds that struck Northern Europe last week generated a record level of wind energy for Poland, covering … Continue reading Storm helps Poland hit wind energy record: 30% of power
Continue readingRWE to take on operations, service & maintenance responsibilities at London Array Offshore Wind Farm
Following a competitive tender process RWE has been successful in winning the operations, service & maintenance contract at the 175 turbine, 630MW London Array Offshore Wind Farm. Over the past year a tender process has been conducted to explore if there was a more efficient way to deliver the range of O&M services needed at … Continue reading RWE to take on operations, service & maintenance responsibilities at London Array Offshore Wind Farm
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RWE and Tata Power collaborate to explore potential for development of offshore wind projects in India
RWE and Tata Power have agreed on a partnership to explore the potential for a joint development of offshore wind projects in India. A corresponding Memorandum of Understanding (MoU) has been signed between Tata Power Renewable Energy Limited, a 100 percent subsidiary of Tata Power, which is one of India’s largest integrated power companies, and RWE … Continue reading RWE and Tata Power collaborate to explore potential for development of offshore wind projects in India
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IRENA and China State Grid Pave Wave Towards Smart Electrification
Future power grids will be very different from the current ones and will require smart electrification solutions as renewable energy is growing faster than ever,” said IRENA Director-General Francesco La Camera, at a joint workshop by IRENA and the State Grid Corporation of China (SGCC), the world’s largest grid operator and corporation. The virtual workshop … Continue reading IRENA and China State Grid Pave Wave Towards Smart Electrification
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Endesa and Alcoa have signed a pre-agreement for the supply of wind power
The energy company offers 906.3 MW of wind energy produced in the territory, which will employ some 60 people for its operation and maintenance, promoting the hiring of local labor.Endesa and Alcoa have signed a preliminary agreement for the supply of 100% renewable energy for 10 years for the primary aluminum plant that the US … Continue reading Endesa and Alcoa have signed a pre-agreement for the supply of wind power
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