Work on one of the UK’s largest offshore wind farms, the Norfolk Boreas site, has been halted due to soaring costs, according to Swedish energy company Vattenfall. The government aims to double wind capacity by 2030 and achieve net zero emissions by 2050, making the decision a significant setback for the renewable energy industry in … Continue reading Work Paused on Norfolk Offshore Wind Farm as Costs Soar
Continue readingMonthly Archives: July 2023
How Wind Energy is Driving the Next Tech Revolution
Wind energy, a renewable source of power, is poised to be at the forefront of the next technological revolution. This clean, abundant, and sustainable energy source is increasingly being harnessed to meet the world’s growing energy demands. As the global community continues to grapple with the challenges of climate change and environmental degradation, wind energy … Continue reading How Wind Energy is Driving the Next Tech Revolution
Continue reading
The Growing Importance of Wind Energy in Mauritius
Mauritius, a small island nation in the Indian Ocean, is making significant strides in the field of renewable energy, particularly wind energy. This development comes as part of the country’s ambitious plan to reduce its dependence on fossil fuels and transition towards a more sustainable energy future. Wind energy, a clean and renewable source of … Continue reading The Growing Importance of Wind Energy in Mauritius
Continue reading
Kiribati’s Energy Market: Challenges and Opportunities
Kiribati, a small island nation in the Pacific Ocean, faces unique challenges and opportunities in its energy market. With a population of just over 110,000 people spread across 33 islands, the country’s energy infrastructure is underdeveloped and heavily reliant on imported fossil fuels. However, the potential for renewable energy sources, such as solar and wind … Continue reading Kiribati’s Energy Market: Challenges and Opportunities
Continue reading
BASF and Mingyang form joint venture for offshore wind power in south China
BASF and Mingyang form joint venture for offshore wind farm in southern China.BASF and Mingyang agreed to jointly build and operate an offshore wind farm in southern China and formed a joint venture named Mingyang BASF New Energy (Zhanjiang) Co., Ltd.Mingyang will have 90 percent and BASF 10 percent of the shares. The wind farm … Continue reading BASF and Mingyang form joint venture for offshore wind power in south China
Continue reading
Biden Announces Offshore Wind Project in Philadelphia
President Joe Biden visited Philadelphia on Thursday to promote clean energy and announce a new project for city workers. The focus of Biden’s visit was offshore wind generation and its potential to create job opportunities. During his visit to the Philly Shipyard, Biden announced that they will be building a first-of-its-kind ship called The Acadia, … Continue reading Biden Announces Offshore Wind Project in Philadelphia
Continue reading
Capital Energy and Statkraft sign their fifth PPA in Spain for the 51-megawatt La Herrada wind farm
After the previously sealed agreements between both companies for the Las Tadeas, Buseco and Loma de los Pinos wind farms, as well as for the La Solana photovoltaic plant.The agreement, valid for 10 years, contemplates the sale of all the energy produced by this Albacete wind farm, the first being built by Capital Energy in … Continue reading Capital Energy and Statkraft sign their fifth PPA in Spain for the 51-megawatt La Herrada wind farm
Continue reading
Equinor acquires Brazilian onshore renewables company Rio Energy including selected assets
Equinor has signed an agreement with Denham Capital to acquire Rio Energy, a leading onshore renewables company in Brazil. The transaction includes selected assets and the team, while Denham Capital will retain certain assets. With the acquisition, Equinor strengthens its position as a broad energy company in the Brazilian market. “Through Rio Energy, Equinor will … Continue reading Equinor acquires Brazilian onshore renewables company Rio Energy including selected assets
Continue reading
The demand is smart and adapts to changes in the price profile
The growth of solar photovoltaic energy in recent years has caused significant changes in the hourly profile of electricity market prices. The lowest prices, which historically occurred at dawn, are now registered during the hours of solar energy production. An example of how demand adapts to these changes is the evolution of the consumption profile … Continue reading The demand is smart and adapts to changes in the price profile
Continue reading
Agreement on the sale of Hornsea 2 transmission assets
Breesea Limited, Soundmark Wind Limited, and Sonningmay Wind Limited, a joint venture owned by Ørsted (50 %) and AXA IM Alts and Crédit Agricole Assurances (CAA) (jointly 50 %), today announced that they have signed an agreement on the sale of their transmission assets to Diamond Transmission Partners Hornsea Two Limited (‘DTP’).DTP is a partnership … Continue reading Agreement on the sale of Hornsea 2 transmission assets
Continue reading
Breakthrough technologies for the energy transition
The scale of the opportunity for low-carbon technologies is mind-boggling. Eliminating emissions from a global energy system that today is 80% dependent on fossil fuels will require multiple low-carbon sources of energy to be developed, and fast. The US$70 trillion of investment that we estimate is up for grabs over the next three decades to … Continue reading Breakthrough technologies for the energy transition
Continue reading
EDP Renewables will build one of the largest hybrid PV and wind energy plant in Chile
EDPR will build one of the largest hybrid farms in Latin America that will combine wind and photovoltaic energy production in the commune of Taltal; The company has more than 500 MW of renewable energy in different stages of development in the country and is aligned with the national energy transition objectives. EDP Renewables, a … Continue reading EDP Renewables will build one of the largest hybrid PV and wind energy plant in Chile
Continue reading
Offshore wind lease sale in the Gulf of Mexico
The Department of the Interior has announced that it will conduct the first lease sale of offshore wind energy in the Gulf of Mexico. This initiative is part of the Biden-Harris administration’s efforts to deploy 30 gigawatts (GW) of offshore wind power by 2030 and achieve a carbon-neutral power sector by 2035. The lease sale … Continue reading Offshore wind lease sale in the Gulf of Mexico
Continue reading
ACP Applauds Final Sale Notice for Gulf of Mexico Offshore Wind Lease
The American Clean Power Association (ACP) released the following statement from Josh Kaplowitz, Vice President for Offshore Wind, in response to the Bureau of Offshore Energy Management’s (BOEM) decision to issue a Final Sale Notice for the first ever offshore wind lease in the Gulf of Mexico and President Biden’s speech in Philadelphia today hailing … Continue reading ACP Applauds Final Sale Notice for Gulf of Mexico Offshore Wind Lease
Continue readingOffshore wind: German auction wins show Big Oil has not left the party
Big Oil has once again delved into its deep pockets to win material acreage for offshore wind generation projects. It’s a timely demonstration to stakeholders, especially by BP, that renewable power remains part of its low-carbon strategy. It’s also a reminder to the wider offshore wind sector that Big Oil has not left the party. … Continue reading Offshore wind: German auction wins show Big Oil has not left the party
Continue reading
What Net Zero is and why it’s important to measure sustainability in the energy transition
Minimizing the impact of CO2 and other greenhouse gas emissions on the environment and using offsetting measures to achieve balance in the atmosphere: that’s Net Zero, a key goal to be achieved by 2050. Here’s how to do it, including the use of performance indices to measure progress: that’s the commitment of the Global Alliance … Continue reading What Net Zero is and why it’s important to measure sustainability in the energy transition
Continue readingBiden will visit the Philly Shipyard to announce the construction of a ship for offshore wind
The first offshore wind lease in the Gulf of Mexico is also moving forward.President Joe Biden will visit a Philadelphia shipyard on Thursday to announce the construction of a new offshore wind vessel as part of the administration’s continued push into manufacturing and clean energy. President Joe Biden is set to travel Thursday to Philly … Continue reading Biden will visit the Philly Shipyard to announce the construction of a ship for offshore wind
Continue reading
European Parliament vote sends strong positive signal for renewables investments
Today the European Parliament’s Committee on Industry, Research and Energy (ITRE) formally agreed its position on the ongoing EU electricity market design revision, largely backing the European Commission’s proposal for a targeted reform. The Committee voted to maintain the merit order system and to avoid inframarginal revenue caps which fragment the internal energy market and … Continue reading European Parliament vote sends strong positive signal for renewables investments
Continue reading
Declining electricity consumption in advanced economies is weighing on global demand growth this year
Overall growth in electricity demand worldwide is expected to ease in 2023 as advanced economies grapple with the ongoing effects of the global energy crisis and an economic slowdown, according to the IEA’s latest Electricity Market Report. The report’s July update, published today, finds that electricity demand in the United States is expected to decline … Continue reading Declining electricity consumption in advanced economies is weighing on global demand growth this year
Continue reading
Dominion Energy’s Coastal Virginia Offshore Wind Power Program
Dominion Energy’s offshore wind program off the Virginia coast is an ambitious project aimed at revolutionizing renewable energy production in the United States. At the heart of this program are two colossal wind turbines, taller than the Washington Monument, located 27 miles off the coast of Virginia Beach. These turbines serve as a pilot project … Continue reading Dominion Energy’s Coastal Virginia Offshore Wind Power Program
Continue reading
