Renewables are the backbone of the energy transition and a viable climate solution. Yet out of the 183 parties to the Paris Agreement with renewable energy components in their Nationally Determined Commitments (NDCs), only 143 have quantified targets with the vast majority focusing on the power sector. Only 12 countries had committed to a percentage … Continue reading New Report Warns World of Huge Untapped Renewable Energy Potential
Continue readingMonthly Archives: November 2022
COP 27. Wind power as technology and AEE in Sharm el Sheikh
The Climate Summit COP 27 has just been inaugurated. More than 190 delegations, 40,000 attendees, will address the crisis caused by climate change until November 18 in the city of Sharm el Sheikh. The Wind Energy Business Association (AEE) will be present to value the contribution of wind power as a leading technology to combat … Continue reading COP 27. Wind power as technology and AEE in Sharm el Sheikh
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CNOOC Limited announce wind farm in China
ConocoPhillips China and CNOOC announced the commencement of the Penglai offshore wind farm on Sunday during the fifth China International Import Expo held in Shanghai. As a joint low carbon energy development effort, the project will harness wind energy to supply power to the Penglai oilfield, China’s largest offshore oil and gas production base under … Continue reading CNOOC Limited announce wind farm in China
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Türkiye’s new wind power capacity in 2023 represents an investment of one billion dollars
Türkiye could install another 1,000 megawatts (MW) in wind energy capacity next year, an addition that could attract $1 billion (TL 18.57 billion) in fresh investments, an executive said Saturday. Türkiye’s installed wind energy capacity will reach 12,000 MW heading toward the end of the year, a threshold that will be exceeded in the first … Continue reading Türkiye’s new wind power capacity in 2023 represents an investment of one billion dollars
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Accelerating the energy transition at the Climate Summit in Egypt, COP27
The company, which has participated in every COP since 2015, has invested 120 billion euros over 20 years in its commitment to clean energy. Iberdrola is organising 30 events at COP27 and will participate in the main climate ambition and decarbonisation events. It will hold meetings with climate leaders as a leading company in the … Continue reading Accelerating the energy transition at the Climate Summit in Egypt, COP27
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Wind produced as much energy as all other non-hydro renewable energy sources combined
Among renewable energy sources, it’s wind energy that remains the leading renewable technology, which generated 1,870 TWh in 2021, which is nearly the same as all other non-hydro renewables combined. In 2021, wind power generation increased by a record 273 TWh, accounting for 17 percent annual growth. It was made possible by boosting wind power … Continue reading Wind produced as much energy as all other non-hydro renewable energy sources combined
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Ireland generated 47% of October’s electricity from wind power
Wind power provided nearly half of Ireland’s energy in October, setting a new record, according to officials. Also, the volume of wind power in Ireland in October caused the wholesale electricity price to fall to its lowest level since August 2021. It was the strongest-ever October performance for wind energy and helped bring the average … Continue reading Ireland generated 47% of October’s electricity from wind power
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Industry offers robust recommendations in six areas to ensure the clean energy incentives
Industry offers robust recommendations in six areas to ensure the clean energy incentives in the IRA make clean energy investments a reality; clear and workable guidance from Treasury essential to provide sufficient market certainty for developers. The American Clean Power Association (ACP) released the following statement today from JC Sandberg, Interim CEO and Chief Advocacy … Continue reading Industry offers robust recommendations in six areas to ensure the clean energy incentives
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Doosan Enerbility Enters into Partnership with Ørsted for Offshore Wind Power
Vietnamese subsidiary Doosan Vina signs supplier agreement for offshore wind turbine substructure with Ørsted. Vietnam’s offshore wind power market forecast to grow to 7GW by 2030. Doosan Enerbiity announced on Nov. 3 that its Vietnamese subsidiary Doosan Vina had signed a memorandum of understanding with Denmark’s state-owned energy company Ørsted on cooperation for the supply … Continue reading Doosan Enerbility Enters into Partnership with Ørsted for Offshore Wind Power
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European electricity market prices fell in October, influenced by gas
Prices in European electricity markets fell considerably during October due to falling gas prices. In some electricity markets, the monthly average price ended up being even lower than in the same month of the previous year. Italy’s IPEX market registered its lowest daily price since the beginning of August 2021 to date. European electricity markets … Continue reading European electricity market prices fell in October, influenced by gas
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Supply green hydrogen to CAF in Zaragoza for the dynamic tests of the demonstrator train of the FCH2RAIL project
The company has supplied this 100% sustainable fuel from the hydrogen plant it has in operation in the Zona Franca of Barcelona, the first in Spain for commercial use. The Green Mobility PLAZA project, which continues to make progress in its search for aid at European level and is working to consolidate demand, already has … Continue reading Supply green hydrogen to CAF in Zaragoza for the dynamic tests of the demonstrator train of the FCH2RAIL project
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U.S. construction costs drop for solar, rise for wind and natural gas generators
Average U.S. construction costs drop for solar, rise for wind and natural gas generators Data source: U.S. Energy Information Administration, Electric Generator Construction Costs and Annual Electric Generator Inventory Construction costs for solar photovoltaic systems continued to decrease in the United States in 2020; the capacity-weighted average fell 8% compared with 2019, according to the … Continue reading U.S. construction costs drop for solar, rise for wind and natural gas generators
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Iberdrola advances its photovoltaic deployment in Portugal with a new plant
The company has completed the construction of ‘Conde’, its second photovoltaic installation in the country, which will produce enough clean energy for 5,000 homes. The company progresses in construction and permitting of five additional solar projects awarded in 2019 auction Iberdrola is making progress in its photovoltaic deployment in Portugal with the completion of the … Continue reading Iberdrola advances its photovoltaic deployment in Portugal with a new plant
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Equinor and Centrica sign co-operation agreement for East Yorkshire hydrogen hub
Centrica and Equinor have signed a co-operation agreement to explore developing a low-carbon hydrogen production hub at Easington in East Yorkshire, further strengthening the region’s growing status as the UK’s foremost hydrogen super place. Under the co-operation plan, the Centrica-operated area at Easington could transition to a low carbon hydrogen production hub over the coming … Continue reading Equinor and Centrica sign co-operation agreement for East Yorkshire hydrogen hub
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DNV supports Ørsted as lender’s technical advisor to the 1.32 GW Hornsea 2 offshore wind farm
Hornsea 2 is the largest offshore wind farm and will provide electricity to more than 1.3 million UK homes. DNV, the independent energy expert and assurance provider, has successfully completed Lenders’ Technical Due Diligence on Ørsted’s Hornsea 2 project, the world’s largest offshore wind farm. Working in close collaboration with Ørsted and the lenders, legal, … Continue reading DNV supports Ørsted as lender’s technical advisor to the 1.32 GW Hornsea 2 offshore wind farm
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BayWa r.e. enters Finnish wind market and becomes joint venture owner with Exilion for 350 MW wind project
BayWa r.e. has announced its entry to the Finnish wind market by signing a transaction for a 50% stake in a joint venture with Exilion, a Finnish investment company that specialises in real estate and renewable energy investments. Both companies will develop and invest into the Karhakkamaa wind farm project, which will consist of 48 … Continue reading BayWa r.e. enters Finnish wind market and becomes joint venture owner with Exilion for 350 MW wind project
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Ørsted’s Board of Directors approved the interim report for the first nine months of 2022.
EBITDA excluding new partnerships increased by 3.8 billion and amounted to DKK 14.4 billion. Net profit amounted to DKK 15.3 billion, and return on capital employed (ROCE) came in at 24 %. We have increased our full-year EBITDA guidance with DKK 1 billion to DKK 21-23 billion excluding earnings from new partnerships during the year, … Continue reading Ørsted’s Board of Directors approved the interim report for the first nine months of 2022.
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Clean Energy Industry Poised to Capitalize on IRA Passage, but Lingering Policy Issues Lead to Slowest Quarter In 3 Years
Quarterly wind installations fell 78% while solar installations dropped 23%, as 14 gigawatts of project delays mounted during the quarter. While the clean energy industry celebrated the August passage of the Inflation Reduction Act (IRA), the largest clean energy investment in U.S. history, policy challenges continued to limit clean power growth in the third quarter, … Continue reading Clean Energy Industry Poised to Capitalize on IRA Passage, but Lingering Policy Issues Lead to Slowest Quarter In 3 Years
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Ocean Winds, Mainstream and ESB boost floating wind power in Scotland
Ocean Winds, Mainstream Renewable Power and ESB have signed seabed lease agreements with Crown Estate Scotland for the development of three floating offshore wind farms off the Shetland Islands in Scotland that are expected to generate 2.8 GW of power. The three projects include the 1.8 GW offshore wind farm from Ocean Winds and Mainstream, … Continue reading Ocean Winds, Mainstream and ESB boost floating wind power in Scotland
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Equinor acquires leading Danish solar developer BeGreen
Equinor has signed an agreement to buy BeGreen, a leading solar project developer in North-West Europe. The acquisition strengthens Equinor’s capabilities and portfolio within solar PV. “BeGreen represents an important building block to our industrial renewables position in Europe, in line with our ambition to be a leading company in the energy transition. BeGreen has … Continue reading Equinor acquires leading Danish solar developer BeGreen
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