The German government on Tuesday said it had decided to backstop Siemens Energy (ENR1n.DE) with guarantees worth 7.5 billion euros ($8.1 billion) as part of a deal with other stakeholders to help the troubled energy company fulfil its order book. Deepening problems at the firm’s wind turbine unit Siemens Gamesa and a subsequent move by … Continue reading German government supports Siemens Energy with $8 bln guarantees
Continue readingMonthly Archives: November 2023
Implementing Regulations Can Turn Honduras’ Renewables Ambition into Reality
With abundant renewable energy potential and ambitious target to achieve 80 per cent of renewables share in the power generation by 2038, Honduras is already on the right path to reduce its reliance on fossil fuels. The Renewables Readiness Assessment: Honduras by the International Renewable Energy Agency (IRENA) identifies the need to have current energy … Continue reading Implementing Regulations Can Turn Honduras’ Renewables Ambition into Reality
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Falling wind power production in the second week of November leads to a price recovery in European electricity markets
In the second week of November, electricity market prices recovered from the previous week. For the third consecutive week, MIBEL was the market with the lowest weekly average. The increase in demand and the fall in wind energy production after the high levels at the end of October and the beginning of November favored the … Continue reading Falling wind power production in the second week of November leads to a price recovery in European electricity markets
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The synergy between wind energy and pumped storage hydroelectric power plants storage
Weekly and monthly analysis of the consumption of pumped storage hydroelectric power plants shows that wind energy plays a crucial role in the volume of energy consumed by pumping. The complementarity between pumped storage, batteries and seasonal storage places pumped storage power plants in a strategic place in the energy transition. The factor of wind … Continue reading The synergy between wind energy and pumped storage hydroelectric power plants storage
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Vattenfall supplies first power from Denmark’s next offshore wind farm
The wind farms will consist of 20 and 21 wind turbines, respectively, with a capacity of 8.4 MW each.On 10 November, the first power from Vattenfall’s offshore wind farm Vesterhav Syd was supplied to the Danish power grid. It was a culmination of almost seven years’ work on the wind farm, when the blades of … Continue reading Vattenfall supplies first power from Denmark’s next offshore wind farm
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Vestas wins order for 67 MW of wind power in Sweden
Vestas has received a firm order from Vattenfall Vindkraft AB, part of the Vattenfall AB group, for the 67 MW Velinga wind farm in Sweden. The order consists of twelve V150-6.0 MW wind turbines in 5.6 MW operational mode and includes the supply, delivery and commissioning of the wind turbines. Upon completion, Vestas will service … Continue reading Vestas wins order for 67 MW of wind power in Sweden
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Van Oord awarded contracts for new offshore wind projects in Baltic Sea and Taiwan
Van Oord has been awarded two new offshore wind projects: Baltic Power in the Baltic Sea and Greater Changhua 2b and 4 in Taiwan. The contracts have a combined value of more than €500 million. Once operational, the two offshore wind farms will deliver renewable energy to approximately 2.5 million households. The Baltic Power offshore … Continue reading Van Oord awarded contracts for new offshore wind projects in Baltic Sea and Taiwan
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Amazon’s renewable energy portfolio is now big enough to power 6.7 million U.S. homes
Amazon announces its first brownfield solar project, which will be built over a reclaimed coal mine site in Maryland, and its first project in South Korea. Amazon has invested in 78 new solar and wind energy projects so far this year, including the company’s first brownfield project—which will repurpose a previously polluted Maryland coal mine … Continue reading Amazon’s renewable energy portfolio is now big enough to power 6.7 million U.S. homes
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How will China’s expansion affect global solar module supply chains?
Starting in 2024, China will dominate the solar module supply chain with over 80% global capacity, driven by significantly lower costs of modules compared to Europe and the US. From the beginning of 2024, China will hold over 80% of global capacity across the solar module supply chain. This is partly because modules, including polysilicon, … Continue reading How will China’s expansion affect global solar module supply chains?
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High-income countries must reach net zero way before 2050
According to DNV’s Pathway to Net Zero Emissions report, limiting global warming to 1.5°C remains a possibility – but is highly improbable. Drastic measures, and permanent cuts in emissions are necessary to reach net zero in 2050. DNV’s Pathway to Net Zero Emissions report is a companion to the Energy Transition Outlook report and depicts DNV’s most … Continue reading High-income countries must reach net zero way before 2050
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Offshore wind power could meet the Isle of Man’s energy demands
In a promising development for renewable energy, Orsted, a leading company in the sector, has announced plans for a £4bn offshore wind farm that could potentially meet the peak energy demands of the Isle of Man. Seeking public opinions on the proposals, Orsted aims to establish the wind farm in an area off the island’s … Continue reading Offshore wind power could meet the Isle of Man’s energy demands
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New Wind Power System Backed by Bill Gates
Bill Gates, the Microsoft billionaire, has recently invested in Airloom Energy, a company that has developed an innovative wind power system. This investment, led by Gates’ Breakthrough Energy Ventures, provided $4 million in seed funding to support the scaling up of this game-changing technology. The key feature of Airloom Energy’s wind turbine is its unique … Continue reading New Wind Power System Backed by Bill Gates
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YPF Luz builds wind power plant with large wind turbines
YPF Luz provided details about the progress of the wind farm that will have the super wind turbines that arrived in the country last week. The electrical energy arm of the flag oil company, YPF Luz, provided details of the progress of the General Levalle wind farm, which will have the super wind turbines that … Continue reading YPF Luz builds wind power plant with large wind turbines
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Brazil installs 1.6 GW of wind energy
Wind power plants generate 1.6 GW per year. In April, generation capacity grew by 593 MW.The National Electric Energy Agency (Aneel) announced that in April Brazil surpassed the 3 GW mark of growth in the electricity generation matrix in 2023. Of the total, around 1.6 GW are related to wind farms (49.15% of the total) … Continue reading Brazil installs 1.6 GW of wind energy
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Michigan Governor to Sign Clean Energy Future Plan into Law; State Will Operate on 100-Percent Clean Energy by 2040
An ambitious package of renewable energy bills that just passed the Michigan Legislature—now on its way to be signed into law by Michigan Governor Gretchen Whitmer—is drawing strong praise from business-friendly clean energy-focused organizations throughout the state and across the nation. Dubbed the Clean Energy Future Plan, the new legislation will require Michigan utilities to … Continue reading Michigan Governor to Sign Clean Energy Future Plan into Law; State Will Operate on 100-Percent Clean Energy by 2040
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IRENA, the Architect of the Energy Transformation
The upcoming COP28 in Dubai offers a unique opportunity to position the renewable-based energy transition as a key solution to address climate change. Given the intensifying international efforts to accelerate progress towards reaching the 1.5°C climate goal, accelerating the global energy transition is in the centre of the climate discourse. IRENA’s World Energy Transitions Outlook … Continue reading IRENA, the Architect of the Energy Transformation
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Wind energy in Chile, advances the Horizonte wind farm by 63%
The initiative will be located on a public property of approximately 8 thousand hectares, located 170 kilometers south of Antofagasta, 130 kilometers northwest of Taltal and 80 kilometers east of the town of Paposo. Colbún S.A., in its capacity as concessionaire, reported that the Horizonte Wind Farm project is 63% complete and is progressing in … Continue reading Wind energy in Chile, advances the Horizonte wind farm by 63%
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Declining EU wind turbine exports reflect changing energy landscape
The European Green Deal has placed clean energy at the forefront of the region’s sustainability efforts. The import of green energy products, such as wind turbines, solar panels and liquid biofuels, has been crucial in meeting growing demand. However, recent data reveals a significant drop in EU wind turbine exports, indicating a changing energy landscape. … Continue reading Declining EU wind turbine exports reflect changing energy landscape
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The United States Harnesses Solar and Wind Energy to Combat Climate Change
In recent years, the United States has made significant advancements in its clean energy transition, driving the nation closer to its 2030 climate target. With the adoption of the Paris Agreement, the U.S. committed to reducing greenhouse gas emissions, achieving carbon pollution-free electricity, and transitioning to a net-zero emissions economy. One notable finding by Climate … Continue reading The United States Harnesses Solar and Wind Energy to Combat Climate Change
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Portugal sets new record for solar and wind energy and exceeds electricity needs for six consecutive days
Portugal has achieved a notable milestone in renewable energy production, exceeding its electricity needs for a record six consecutive days. From October 31 to November 6, the country generated 1,102 GWh of electricity, exceeding the 840 GWh consumed during the same period. This surplus production of 262 GWh demonstrates Portugal’s commitment to sustainable energy sources. … Continue reading Portugal sets new record for solar and wind energy and exceeds electricity needs for six consecutive days
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