Today the EU Member States agreed on their position for the upcoming negotiations with the European Parliament on the Net Zero Industry Act. The European Parliament adopted its own position in November. The Council and Parliament diverge on critical points as they head the final negotiations to be finalised by the end of Q1 2024. … Continue reading Getting auction design right will make or break the Net Zero Industry Act
Continue readingMonthly Archives: December 2023
France’s Energy Minister 23 announced the adoption of 54 applications for onshore wind farm projects
France’s “Figaro” reported on November 23, that the French energy minister announced on the 23rd through 54 onshore wind farm project applications, the total power of the project is 931 megawatt-hours, the average price of the tender is 86.94 euros per megawatt-hour. Report source: https://renews.biz/89696/54-onshore-wind-farms-win-in-latest-french-tender/ The French media said the government has set ambitious targets … Continue reading France’s Energy Minister 23 announced the adoption of 54 applications for onshore wind farm projects
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Dubai unveils world’s largest concentrated solar power project
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday unveiled the world’s largest concentrated solar power and photovoltaic power project in Dubai. On X platform, Sheikh Mohammed said, “Thank God we have launched the world’s largest concentrated solar power and photovoltaic power … Continue reading Dubai unveils world’s largest concentrated solar power project
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South Fork begins sending wind power to the LIPA grid
South Fork begins sending wind power to the LIPA gridThe South Fork Wind Farm, located off the coast of Long Island, has begun sending power to the Long Island Power Authority (LIPA) grid. This milestone marks an important step forward for wind energy in the region. The 15-wind turbines wind farm, developed by Ørsted in … Continue reading South Fork begins sending wind power to the LIPA grid
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California, the EU Commission, Panama and Brazil join the Global Offshore Wind Alliance launched by Denmark, GWEC and IRENA
The Global Offshore Wind Alliance (GOWA) has welcomed Brazil, California, the EU Commission and Panama into its membership at a ceremony at COP28 in Dubai. The expansion adds 65 GW of declared target capacity to the Alliance, and positions it to play a crucial role in the expansion of offshore wind. The Global Offshore Wind … Continue reading California, the EU Commission, Panama and Brazil join the Global Offshore Wind Alliance launched by Denmark, GWEC and IRENA
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New Report Highlights Renewables as Climate Mitigation and Economic Diversification Opportunity for Gulf Countries
oday, the International Renewable Energy Agency (IRENA) unveiled a report on the progress of renewable energy in countries of the Gulf Cooperation Council (GCC). Renewable Energy Markets: GCC 2023 suggests that GCC countries can leverage existing resources to develop innovative renewable energy-based solutions not only to mitigate climate change, but also to diversify their economies, … Continue reading New Report Highlights Renewables as Climate Mitigation and Economic Diversification Opportunity for Gulf Countries
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Barbados develops its first wind power plant
Barbados has selected the International Finance Corporation (IFC) as lead transaction advisor as the Caribbean country seeks to build its first onshore wind farm with a capacity of 30 to 50 MW. The partnership agreement between Barbados and IFC was signed at the United Nations Climate Change Conference in Dubai (COP28). The Lamberts project, which … Continue reading Barbados develops its first wind power plant
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The drop in temperatures boosted European electricity market prices in the last week of November
In the last week of November, prices in the main European electricity markets rose compared to the previous week. This increase was due to the drop in temperatures, which in most markets was more than 3°C, and which boosted electricity demand. In addition, renewable energy production was lower than the previous week. On November 30, … Continue reading The drop in temperatures boosted European electricity market prices in the last week of November
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Iberdrola joins forces with Masdar to co-invest 15 billion in offshore wind and green hydrogen in Germany, the United Kingdom and the United States
Today (5th December) at COP28 in Dubai, global green energy giants Iberdrola and Masdar announced a €15 billion strategic partnership agreement to evaluate the joint development of offshore wind and green hydrogen projects in key markets including Germany, UK and the USA. After the parties’ successful co-investment in Baltic Eagle, in Germany, the new milestone … Continue reading Iberdrola joins forces with Masdar to co-invest 15 billion in offshore wind and green hydrogen in Germany, the United Kingdom and the United States
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Launch of Global Offshore Wind Accelerator as a Flagship Initiative of $250+ Million Fund for Sustainable Oceans
Launched at COP28, Ocean Energy Pathway (OEP) is a new global non-profit that accelerates the global clean energy transition by unlocking the tremendous potential of offshore wind power. Ocean Energy Pathway (OEP) is a flagship initiative supported by the newly announced Ocean Resilience and Climate Alliance (ORCA), a $250 million+ USD funder collaborative focused on … Continue reading Launch of Global Offshore Wind Accelerator as a Flagship Initiative of $250+ Million Fund for Sustainable Oceans
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Ørsted completes divestment of 50 % of Gode Wind 3
Ørsted has completed the divestment of 50 % of the Gode Wind 3 offshore wind farm to funds managed by Glennmont Partners from Nuveen. Gode Wind 3 has a capacity of 253 MW and was awarded to Ørsted in 2017 and 2018 as two separate projects with a weighted average feed-in tariff of EUR 81 … Continue reading Ørsted completes divestment of 50 % of Gode Wind 3
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Vattenfall and BASF to partner on German offshore wind power plants Nordlicht 1 and 2
Vattenfall and BASF are in advanced and exclusive discussions to partner on the Nordlicht 1 and 2 projects through a sale of 49 percent of the project shares to BASF. Both parties signed a Memorandum of Understanding to formally express their joint ambition. Vattenfall will use its share of the fossil free electricity to supply … Continue reading Vattenfall and BASF to partner on German offshore wind power plants Nordlicht 1 and 2
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Wind energy sector launches Strategic Research and Innovation Agenda to boost Europe’s competitive edge
The European Technology & Innovation Platform on wind energy (ETIPWind) launched its new Strategic R&I Agenda for 2025-2027. It calls for €1.8bn of public investment in wind energy Research and Innovation to boost the development of a resilient, competitive and sustainable European wind supply chain.On 4 December leading wind industry Chief Technology Officers, wind energy … Continue reading Wind energy sector launches Strategic Research and Innovation Agenda to boost Europe’s competitive edge
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Tripling renewables by 2030 is feasible and will mobilise investments of 2.2 trillion dollars per year
The Executive Chairman of Iberdrola, Ignacio Galán, assured this morning at COP28 that the objective of tripling the installed renewable capacity by 2030 is feasible. There are 118 countries that have already signed up to this objective at the Climate Summit being held in Dubai. They have also committed to double the energy efficiency ratio, … Continue reading Tripling renewables by 2030 is feasible and will mobilise investments of 2.2 trillion dollars per year
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Are the West’s “big three” able to cope with the huge growth in offshore wind power?
The rapid growth of offshore wind has raised questions about the ability of the industry’s “big three” Western wind turbine companies, namely Siemens Gamesa, Vestas and GE Renewable Energy, to keep up with demand. This article examines the current status of these companies and their readiness to meet the needs of offshore wind expansion. As … Continue reading Are the West’s “big three” able to cope with the huge growth in offshore wind power?
Continue readingEIB and Ørsted sign €400M loan to finance new wind energy production in Denmark
The European Investment Bank (EIB) and Ørsted have signed a €400 million framework loan agreement to finance new wind power production. By supporting Europe’s transition to electricity from renewables, the agreement aligns with the goals of the RePowerEU initiative.“We’re delighted to continue our longstanding partnership with Ørsted — as this is our fifteenth joint project,” … Continue reading EIB and Ørsted sign €400M loan to finance new wind energy production in Denmark
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TotalEnergies signs investment agreement for wind energy project in Kazakhstan
TotalEnergies has announced the signing of an investment agreement for the Mirny wind energy project in Kazakhstan. This project aims to develop a wind power plant in the Mirny region, which is expected to generate clean, renewable energy to supply thousands of homes in the country. The investment agreement has been signed between TotalEnergies and … Continue reading TotalEnergies signs investment agreement for wind energy project in Kazakhstan
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OX2 has handed over the Marhult wind farm in Sweden to Octopus Energy Generation
OX2 has handed over the Marhult wind farm in Uppvidinge municipality, Sweden, to Octopus Energy Generation. The wind farm comprises 7 wind turbines with a total installed capacity of 32 MW. OX2 and Octopus Energy Generation signed a contract to construct the Marhult wind farm in February 2022. The yearly production is estimated to be … Continue reading OX2 has handed over the Marhult wind farm in Sweden to Octopus Energy Generation
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GLOBAL CLIMATE TARGETS UNDER THREAT WITHOUT A SECURE WIND ENERGY SUPPLY CHAIN
New report outlines route for global supply chain resilience and growth, based on industry and government cooperation DOWNLOAD THE REPORT HERE Bottlenecks in the global wind industry supply chain could leave the world with only three-quarters of the wind energy installations needed for a 1.5°C pathway by 2030, i.e. a 650 GW gap to meet … Continue reading GLOBAL CLIMATE TARGETS UNDER THREAT WITHOUT A SECURE WIND ENERGY SUPPLY CHAIN
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New strategies to achieve renewable energy goals for 2030
Renewable energy capacity must triple by 2030 to meet the climate goals set out in the Paris Agreement. This means that solar photovoltaic (PV) and wind power will need to be the main drivers of this growth. India has already made significant progress in increasing its solar capacity, increasing it 35-fold in recent years. Furthermore, … Continue reading New strategies to achieve renewable energy goals for 2030
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