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
Continue readingYearly Archives: 2022
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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Economic report demonstrates how RWE’s Pembroke Net Zero Centre can benefit Wales
At the site of the existing Pembroke Power Station, RWE will deploy new technologies including green hydrogen, carbon capture, large-scale battery storage and floating offshore wind from the Celtic Sea, coming together under a single project ‘Pembroke Net Zero Centre’ (PNZC). A new report commissioned by RWE by Max Munday, Cardiff Business School, demonstrates the … Continue reading Economic report demonstrates how RWE’s Pembroke Net Zero Centre can benefit Wales
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Nordex wins a 48 MW wind power order in Poland
Wind energy sp. zoo. has placed an order with the Nordex Group for the supply and installation of 16 N117/3000 wind turbines for the 48 MW “Nozdrzec” wind farm. The company is a subsidiary of Yevuley Shemesh (YVS) Renewable Energy Ltd., which operates in the field of renewable energy and is headquartered in Israel. The … Continue reading Nordex wins a 48 MW wind power order in Poland
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Nordex generates more than 500 jobs in the Northeast through wind power towers
Nordex generates more than 500 jobs in the Northeast through wind power towers and presents wind turbines with unprecedented power during Brasil Windpower 2022.Brazil Windpower brings big names in the wind energy sector, and Nordex talks about its extensive presence in Brazil and job creation Brazil Windpower 2022 brought, in its 13th edition, big names … Continue reading Nordex generates more than 500 jobs in the Northeast through wind power towers
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Vestas – Interim Financial Report, Third Quarter 2022
Quarterly revenue of EUR 3.9bn with an EBIT margin before special items of (3.2) percent. Continued strong wind turbine backlog of EUR 18.1bn despite lower order intake. Full-year guidance adjusted. In the third quarter of 2022, Vestas generated revenue of EUR 3,913m – a decrease of 29 percent compared to the year-earlier period. EBIT before … Continue reading Vestas – Interim Financial Report, Third Quarter 2022
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Enel Green Power and Fortescue Future Industries team up to pursue green hydrogen
Australian renewable green energy developer Fortescue Future Industries (FFI) and Enel’s global renewables arm Enel Green Power S.p.A. (EGP), announced today they will partner together to explore co-development of the green hydrogen value chain with an initial focus on Latin America and Australia. FFI and EGP share a common view on the key role of … Continue reading Enel Green Power and Fortescue Future Industries team up to pursue green hydrogen
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Creating a new hydrogen economy is a massive undertaking
Interview with Barbara Jinks, Programme Officer – Green Gas delivery and Use, Innovation and Technology Centre, IRENA At the 24th Council meeting of the International Renewable Energy Agency (IRENA), hydrogen took centre stage as members discussed priority areas for the organisation’s ongoing work on green hydrogen. Held on 27th October, the event titled “Accelerating Hydrogen–Opportunities … Continue reading Creating a new hydrogen economy is a massive undertaking
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Vattenfall in premiere project with fast chargers for Danish city buses
Vattenfall has delivered 32 fast chargers to Tide Bus in Denmark’s fifth largest city, Vejle. The delivery is Vattenfall’s first Power-as-a-Service project for passenger transport in Denmark and means that electric buses are now running in the city. The project will be followed by more. For some weeks now, electric buses have been rolling every … Continue reading Vattenfall in premiere project with fast chargers for Danish city buses
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BOEM designates two areas for offshore wind in the Gulf of Mexico
The Bureau of Ocean Energy Management (BOEM) has finalised two wind energy areas (WEAs) for offshore windfarms in the Gulf of Mexico, with the potential to produce enough clean wind energy to power nearly 3M homes. The first WEA is located approximately 24 nautical miles (nm) off the coast of Galveston, Texas. The area totals … Continue reading BOEM designates two areas for offshore wind in the Gulf of Mexico
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Consortium breaks ground for 500-megawatt onshore wind farm in Egypt
The project is being developed by the Orascom Construction, Toyota Tsusho/Eurus Energy Holdings and ENGIE consortium on Build-Own-Operate basis. A consortium of Egypt’s Orascom Construction, France’s ENGIE and Japan’s Toyota Tsusho/Eurus Energy Holdings have announced a new 500-megawatt (MW) onshore wind farm project in Ras Gharib on the Gulf of Suez. The same consortium had … Continue reading Consortium breaks ground for 500-megawatt onshore wind farm in Egypt
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ACP Statement on BOEM Designating Two Wind Energy Areas in the Gulf of Mexico
The American Clean Power Association (ACP) issued the following statement from Josh Kaplowitz, ACP?Vice President for Offshore Wind, after the Bureau of Ocean Energy Management (BOEM) designated two wind energy areas in the Gulf of Mexico: “BOEM’s announcement is a crucial step in developing offshore wind in the Gulf of Mexico and will bring clean … Continue reading ACP Statement on BOEM Designating Two Wind Energy Areas in the Gulf of Mexico
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The Clean Energy Industry’s Commitment to Bat Conservation
Bats are normally considered just another part of Halloween. But the scariest thing about bats is what the world would look like if they no longer existed. Often misunderstood as a species, bats play a crucial role in a healthy, thriving ecosystem. Bats serve as natural pest control and eat many kinds of insects, including … Continue reading The Clean Energy Industry’s Commitment to Bat Conservation
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DNV builds up high-voltage grid expertise with acquisition of Power System Dynamics
The acquisition expands DNV’s grid analysis and flexible AC transmission optimisation offer, strengthening its services to power grid operators with a focus on fast changing power markets. DNV announced today that it has acquired Power System Dynamics (PSD Consulting Engineering Pty. Ltd.), a grid consulting firm providing worldwide specialised services for high-voltage power systems from … Continue reading DNV builds up high-voltage grid expertise with acquisition of Power System Dynamics
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Behaviour of wind energy production compared to the previous week varied from market to market
Solar energy defies autumn and production increases in European markets. In the fourth week of October, solar energy production increased compared to the previous week in all analysed European markets. The largest increase of 21% was registered in the Spanish market, followed by a 19% increase in the Portuguese market. In the French and German … Continue reading Behaviour of wind energy production compared to the previous week varied from market to market
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IRENA Rolls Out Indonesian Energy Transition Roadmap
As climate concerns mount, and the world looks to gather in Egypt at COP27 in early November to deliver a collective response to the crisis, a new report outlines a comprehensive energy roadmap for accelerating renewable energy and energy transition resources in Indonesia. A collaboration between the International Renewable Energy Agency (IRENA) and the Indonesian … Continue reading IRENA Rolls Out Indonesian Energy Transition Roadmap
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Ørsted enters into agreement with Equinor on Norwegian gas for Denmark
Ørsted and Equinor have just signed an agreement under which Equinor will supply Norwegian gas to Denmark via Baltic Pipe. The agreement covers the period from 1 January 2023 to 1 April 2024, and the total volumes of gas supplied during the period will be approx. 8 TWh, corresponding to roughly a quarter of the expected … Continue reading Ørsted enters into agreement with Equinor on Norwegian gas for Denmark
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