Activity driven by new record set in China and growth in US and Latin America. Global wind turbine order intake hit a new Q1 record, with 23.5 gigawatts (GW) of activity, a 27 percent increase year-over-year, according to a new analysis from Wood Mackenzie. Activity was driven by a new Q1 record set in China … Continue reading Global wind turbine order intake sets Q1 record, increases 27% YOY
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RWE sets itself more ambitious climate targets
The creation of a sustainable energy system is at the core of RWE’s corporate strategy. To make the energy transition a success, green energies must be expanded at maximum speed and solutions for decarbonising the energy system must be vigorously pursued. This is the prerequisite for reducing CO2 emissions from power plants, or making them … Continue reading RWE sets itself more ambitious climate targets
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Iberdrola agrees with Norges Bank Investment Management for 1,265 renewable MW in Spain and we are negotiating more than 500 additional MW
Iberdrola has finalised the details of its strategic alliance with the sovereign fund of Norway, managed by Norges Bank Investment Management, to co-invest in 1,265 MW of new renewable capacity in Spain (20% wind and 80% Solar PV). Both companies have today informed the National Securities Market Commission (CNMV) that they have obtained all the legal … Continue reading Iberdrola agrees with Norges Bank Investment Management for 1,265 renewable MW in Spain and we are negotiating more than 500 additional MW
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Iberdrola receives the first shipment of components for the Vineyard Wind wind turbines
Iberdrola is making progress in the construction of Vineyard Wind I, the largest commercial-scale offshore wind farm in the United States. The company has received the first shipment of components for the 62 wind turbines that will make up the farm at the port of New Bedford. Specifically, these are the tower sections, manufactured in … Continue reading Iberdrola receives the first shipment of components for the Vineyard Wind wind turbines
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Accelerating ahead with hydrogen in the tank
Alongside battery drive, sustainable hydrogen is considered the major enabler when it comes to reducing carbon dioxide emissions from road traffic and other transport. Vattenfall is already working on several fuel projects with sustainable hydrogen as an important ingredient. But the possibilities are many – below we set out the most important ones. The world’s … Continue reading Accelerating ahead with hydrogen in the tank
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Five ways to reduce carbon emissions with hydrogen
Hydrogen is abundant virtually everywhere and could replace fossil fuels in a variety of industrial processes, materials and products and thereby reduce carbon dioxide emissions. However, it is only now that hydrogen production and use are taking off in earnest. This might be something of an exaggeration, but if you wanted to describe the formation … Continue reading Five ways to reduce carbon emissions with hydrogen
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OX2 and Ingka Investments enter conditional agreement with NKT for delivery and installation of export cables for two offshore wind farms in Sweden
OX2 and Ingka Investments enters into conditional agreement with NKT for delivery and installation of export power cables. NKT’s facility in Karlskrona will deliver the cables for the recently awarded Galene project in Sweden. The agreement also covers the Triton offshore wind farm. The agreement will enable OX2 and Ingka Investments to start realising the … Continue reading OX2 and Ingka Investments enter conditional agreement with NKT for delivery and installation of export cables for two offshore wind farms in Sweden
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European Parliament mustn’t undermine climate or energy security
The EU is debating a revised electricity market design. The European Commission has proposed a targeted reform to end the investment uncertainty caused by uncoordinated Government interventions in electricity markets. The European Parliament and Member States should stick to this proposal. But lead MEP Nicolás González Casares has proposed unhelpful things on revenue caps: lowering … Continue reading European Parliament mustn’t undermine climate or energy security
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Suzlon announces strong Q4 and FY23 Results
Suzlon Group, India’s largest renewable energy solutions provider, announced its fourth quarter (Q4 FY23) and annual audited results for financial year 2022-23 (FY23). Girish Tanti, Vice Chairman, Suzlon Group, said, “It is heartening that our efforts to strengthen the organization and position it strongly in time to meet increasing market demand have been successful. As … Continue reading Suzlon announces strong Q4 and FY23 Results
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Bangladesh’s first large wind power project goes into operation
The first new energy project built by Chinese enterprises in Bangladesh, a wind farm in the southeast of the country, has gone into operation. The wind farm at Cox’s Bazar was built by the Power Construction Corporation of China, POWERCHINA Chengdu. With a total nominal power of 66 MW, it is the country’s first large-scale … Continue reading Bangladesh’s first large wind power project goes into operation
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Mainstream Renewable Power, Reventus Power, AGL, and DIRECT Infrastructure submit application for offshore wind development
A consortium of Australian and global companies, comprising Mainstream Renewable Power, Reventus Power, AGL, and DIRECT Infrastructure has submitted a feasibility licence application for a 2.5 GW offshore wind development off the coast of Victoria, Australia. The consortium brings significant global offshore wind development track records, coupled with deep Australian industry and energy generation knowledge … Continue reading Mainstream Renewable Power, Reventus Power, AGL, and DIRECT Infrastructure submit application for offshore wind development
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Negative prices continue to appear in the electricity markets while gas prices continue to fall and solar photovoltaic energy production sets new records
Gas and CO2 prices continued their downward trend in the fourth week of May, which led to a general downward trend in prices in European electricity markets and several negative hourly prices were registered, which reached -€400/MWh in Netherlands. The notable exception of the Iberian market, with a rise in prices, came from the fall … Continue reading Negative prices continue to appear in the electricity markets while gas prices continue to fall and solar photovoltaic energy production sets new records
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Enel Colombia indefinitely suspends the construction of the Windpeshi wind farm in La Guajira
Enel Colombia will suspend indefinitely the construction of the Windpeshi wind farm (205 MW) in La Guajira. This decision, adopted by the Board of Directors of the Company after exhausting the internal corporate instances, was made due to the impossibility of guaranteeing the construction rhythms of the project, due to the constant paths of fact … Continue reading Enel Colombia indefinitely suspends the construction of the Windpeshi wind farm in La Guajira
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ACP Statement on Debt Ceiling Agreement
The American Clean Power Association (ACP) today released the following statement by CEO Jason Grumet following negotiations to secure a compromise deal on the debt ceiling. “ACP applauds President Joe Biden and Speaker Kevin McCarthy for prioritizing national interests over partisan politics and acting to secure a compromise on the debt ceiling that protects the … Continue reading ACP Statement on Debt Ceiling Agreement
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Wind industry aims to provide a third of Japan’s power by 2050
Japan’s wind power body has set a mid-century goal to increase capacity to 140 gigawatts (GW) from less than 5 GW now, it said on Monday, to meet a third of the country’s electricity demand and help it to hit its 2050 carbon neutrality target. Offshore wind is meant to be central to Japan’s expansion … Continue reading Wind industry aims to provide a third of Japan’s power by 2050
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Boosting the Global Geothermal Market
Alongside the increasing demand for electricity being driven by economic growth, the global demand for sustainable heat is also increasing. This demand has led to a growing trend in the use of geothermal resources for heating and cooling applications where technically and economically feasible. Since 2000, the geothermal sector has grown at an average rate … Continue reading Boosting the Global Geothermal Market
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Stanwell and international consortium progress large-scale renewable hydrogen project in Gladstone
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced $20 million in funding to Stanwell Corporation Limited (Stanwell) to support a front-end engineering and design (FEED) study for a large-scale renewable hydrogen project in Gladstone, Queensland. The $117 million project will finalise the development stage of the Central Queensland Hydrogen … Continue reading Stanwell and international consortium progress large-scale renewable hydrogen project in Gladstone
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Ingeteam presents the RAPID 60, its latest electric mobility innovation
Ingeteam, in its firm commitment to provide equipment that contributes to the decarbonisation of the planet, will be presenting at The Smarter E – Intersolar – Power 2 drive and at EVS36, its new range of RAPID 60 chargers, for fast charging, 60 kW, to meet the potential of the most demanding vehicles. They have … Continue reading Ingeteam presents the RAPID 60, its latest electric mobility innovation
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Spain does not take advantage of the full potential of wind and solar energy due to lack of storage
The Spanish electrical system wastes an important – and growing – part of its potential for electricity from renewable sources. It is a fact that worries experts. The system dispenses with windmills or solar plants, or orders their operation to stop because there is not enough demand to absorb that supply. Given the current low … Continue reading Spain does not take advantage of the full potential of wind and solar energy due to lack of storage
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Ørsted to acquire Eversource share of uncontracted offshore wind seabed
Ørsted has signed an agreement to acquire Eversource Energy’s 50 % interest in the uncontracted federal offshore wind lease area currently owned jointly by the two companies. In addition to the seabed, which is in early-stage development, the agreement also includes contracts and partnerships for key operational assets in the US Northeast. The USD 625 million … Continue reading Ørsted to acquire Eversource share of uncontracted offshore wind seabed
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