Montgomery Ranch adds to RWE’s 4.1 (RWE pro rata 3.1) gigawatts of installed onshore wind capacity in the state and a total portfolio of 8 GW across the U.S..Wind power project will use 45 Vestas 4.5 megawatt wind turbines. Once operational, Montgomery Ranch will have enough capacity to generate clean power for more than 60,000 … Continue reading RWE’s 200-MW Montgomery Ranch Wind Farm under construction in Texas
Continue readingMonthly Archives: August 2023
Vestas has signed a conditional agreement for a 1 GW+ onshore wind project in the US.
Vestas has entered into a conditional agreement for the supply of turbines for an onshore project in the US with a capacity above Vestas’ current disclosure threshold of 1 GW. Where the agreement results in a firm and unconditional order, Vestas will disclose it in a company announcement in accordance with the company’s disclosure policy.
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Wind turbine orders reach 69.5 GW of wind power in the first half of 2023
Global order intake for wind turbines hit new highs in the first half of 2023 with 69.5 gigawatts (GW) of activity, up 12% year-on-year, according to new Wood Mackenzie analysis. Orders from outside of China, which saw more than 25 GW of order demand for a 47% year-on-year increase in the first half, were a … Continue reading Wind turbine orders reach 69.5 GW of wind power in the first half of 2023
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Egypt’s NREA signs land allocation agreement for 3 GW of wind power in Sohag
Land allocation agreement signed with a consortium comprised Orascom Construction PLC, ENGIE, and Toyota Tsusho Corporation. The Egyptian New and Renewable Energy Authority (NREA) has signed a land allocation agreement with a consortium comprised Orascom Construction PLC, ENGIE, and Toyota Tsusho Corporation to establish a three-gigawatt (GW) wind farm in west Sohag, according to a … Continue reading Egypt’s NREA signs land allocation agreement for 3 GW of wind power in Sohag
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How Much Wave Energy Is In Our Oceans?
The ocean, like a teething toddler, is never still. And both creatures contain shocking amounts of energy. But exactly how much energy surges through our ocean waves is a matter of debate. That uncertainty makes it challenging for countries to weave wave energy into their future climate goals: How can you rely on something you … Continue reading How Much Wave Energy Is In Our Oceans?
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EDF Renewables has signed the contract for the Huanyang offshore wind farm in Taiwan
EDF Renewables has signed the Administrative Contract for Huanyang Offshore Wind Farm. This 440 MW project was awarded in the Round 3-1 Offshore Wind Zonal Development in December 2022 with grid connection year in 2027. Huanyang is EDF Renewables’ first offshore wind project in Taiwan. It marks a milestone on its ongoing efforts in the … Continue reading EDF Renewables has signed the contract for the Huanyang offshore wind farm in Taiwan
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Statkraft strengthens repowering position with second Breeze series wind farm acquisition
Statkraft, Europe’s largest generator of renewable energy, has acquired a wind power portfolio from Breeze Two Energy in Germany and France, growing its repowering portfolio with 337 MW and 39 wind farms. Statkraft has added 39 wind farms in operation to its European onshore wind power portfolio in an acquisition that mirrors the first of … Continue reading Statkraft strengthens repowering position with second Breeze series wind farm acquisition
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PPAs: A sustainable solution for the energy industry
In recent years, electricity systems have been undergoing constant transformation. PPAs (power purchase agreements) are a stable, sustainable solution for the energy industry. he rapid development of Renewable Energy Sources (RES), the important goal of decarbonization, the introduction of new technologies and the need for digitalization have brought a wave of changes to the energy … Continue reading PPAs: A sustainable solution for the energy industry
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Australian Government announces two more offshore wind consultations
Chris Bowen MP, Australia’s Minister for Climate Change and Energy, announced today at GWEC’s APAC Summit the next two rounds of consultation for offshore wind zones in the country. The Bass Straight region and the Perth/Bunbury zone consultations will begin in October and November, respectively. Minister Bowen told the conference that this announcement, “puts us … Continue reading Australian Government announces two more offshore wind consultations
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ACP Statement on Monmouth Offshore Wind Opinion Poll
The American Clean Power Association (ACP) issued the following statement by Moira Cyphers, Director of Eastern State Affairs, in response to the latest Monmouth University Offshore Wind Opinion Poll: “After being subjected to a nearly year-long, well-funded and coordinated disinformation campaign that has attempted to threaten the economic and energy future of the Garden State, … Continue reading ACP Statement on Monmouth Offshore Wind Opinion Poll
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Statkraft signs agreement to purchase two wind farms (260 MW) in Brazil
Statkraft Energias Renováveis SA (SKER), Statkraft’s subsidiary in Brazil has signed an agreement with EDP Renováveis S.A. (“EDPR”) to acquire the two operational wind farms, Jerusalém and Boqueirão, located in the state of Rio Grande do Norte. The two wind farms consist of 62 wind turbines and have an installed capacity of 260 megawatts (MW). … Continue reading Statkraft signs agreement to purchase two wind farms (260 MW) in Brazil
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RWE and Stanwell sign MoU for two wind energy projects in Queensland, Australia
RWE and Stanwell Corporation have signed a Memorandum of Understanding (MoU) to deliver two Queensland onshore wind projects with a combined capacity of up to 1.8 gigawatts (GW). Under the MoU, Stanwell will investigate and assess energy offtakes and potential equity investment in RWE’s Theodore Wind Farm, a project of up to 1,100 megawatts (MW) … Continue reading RWE and Stanwell sign MoU for two wind energy projects in Queensland, Australia
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Ørsted announces anticipated impairments on its US portfolio
As part of the continued maturation and a pre-final investment decision (FID) review of its near-term US offshore development projects, Ørsted has assessed the aggregate adverse impacts relating to the supply chain, lack of favorable progress in Investment Tax Credit (ITC) guidance, and increased interest rates, which affect its US portfolio. The Ocean Wind 1, … Continue reading Ørsted announces anticipated impairments on its US portfolio
Continue readingFinancing secured to complete Taiwan’s 640 MW Yunlin offshore wind farm
Skyborn Renewables (Skyborn), and its partners in Yunneng Wind Power Co., Ltd., TotalEnergies, Electricity Generating Public Company Ltd. (EGCO) and Sojitz Corporation (Sojitz), have successfully secured an extended financing agreement to complete the construction of the 640 MW Yunlin offshore wind farm project in Taiwan. “This is a major milestone for the Yunlin project and … Continue reading Financing secured to complete Taiwan’s 640 MW Yunlin offshore wind farm
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Solar panel shipments set a record high in 2022 as capacity continued to grow
In 2022, solar photovoltaic panel shipments in the United States increased 10% from 2021, setting another annual record (31.7 million peak kilowatts [kWp]), based on our latest published data. U.S. solar panel shipments have been growing as solar capacity continues to rise. U.S. solar panel shipments closely track domestic solar capacity additions; the difference between … Continue reading Solar panel shipments set a record high in 2022 as capacity continued to grow
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RWE Grows U.S. Offshore Wind Development Portfolio by 2-Gigawatt in BOEM’s First-Ever Offshore Wind Lease Auction in the Gulf of Mexico
RWE has secured a lease area in the Gulf of Mexico with a capacity to develop up to 2 gigawatts of fixed-bottom offshore wind and power over 350,000 U.S homes with clean energy. Company will tap into the Gulf’s existing energy workforce and world-class supply chain to bring offshore wind into a new market. RWE’s … Continue reading RWE Grows U.S. Offshore Wind Development Portfolio by 2-Gigawatt in BOEM’s First-Ever Offshore Wind Lease Auction in the Gulf of Mexico
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High prices of the beginning of the year and the end of 2022 return to European electricity markets
European electricity markets prices continued to rise in the fourth week of August due to low renewable energy production and increased demand. Some markets registered the highest daily prices since December 2022. Nevertheless, the MIBEL market of Spain and Portugal registered prices of €0/MWh at certain hours on Sunday, August 27, due to high wind … Continue reading High prices of the beginning of the year and the end of 2022 return to European electricity markets
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Offshore wind power primed for rapid expansion in new markets this decade
Industry and government must work together to speed up licensing, permitting and grow the supply chain in order to deliver on enormous potential. The global offshore wind industry delivered its second best year for new capacity ever in 2022, with 8.8 GW of new clean energy connected to the grid around the world, according to … Continue reading Offshore wind power primed for rapid expansion in new markets this decade
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Global power sector saved fuel costs of USD 520 billion last year thanks to renewables
The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity. Renewable Power Generation Costs in 2022, published by the International Renewable Energy Agency (IRENA) today shows that the renewable power added … Continue reading Global power sector saved fuel costs of USD 520 billion last year thanks to renewables
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Gulf of Mexico Auction A Critical Chapter of Region’s Energy Story
The American Clean Power Association (ACP) issued this statement by Josh Kaplowitz, ACP Vice President of Offshore Wind, on today’s offshore wind lease auction for the Gulf of Mexico held by the Bureau of Ocean Energy Management (BOEM): “While today’s auction fell short of expectations, it is nonetheless a critical step for the energy transition … Continue reading Gulf of Mexico Auction A Critical Chapter of Region’s Energy Story
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