Vestas has completed the sale of its 12.5 percent stake in Lake Turkana Wind Power Limited (LTWP) in Kenya. The shares have been acquired by the Climate Finance Partnership (CFP), managed by BlackRock, after CFP announced in March 2023 its intention to acquire the shares of Vestas Eastern Africa Ltd. The purchase price remains undisclosed. … Continue reading Vestas divests its shares in Lake Turkana Wind Power Limited
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GCL SI secures 550 MW photovoltaic module deal with SJVN in India
GCL System Integration (GCL SI) has landed a substantial deal for supplying 550 MW of photovoltaic solar modules to SJVN Green Energy Limited (SJVN), a state-owned renewable energy developer in India. Following a recent 1.1GW collaboration with another Indian power giant, this new agreement underscores GCL SI’s growing presence in the Indian solar market. The … Continue reading GCL SI secures 550 MW photovoltaic module deal with SJVN in India
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The regulation on offshore wind power in Spain will go to public consultation in the coming weeks
The Spanish offshore wind power sector continues to await regulatory framework and the announcement of auctions that were expected to occur during 2023, but of which nothing has been heard. However, there are some updates. According to Sandra Acosta’s article in El Periódico de la Energía, the regulations for the development of offshore wind power … Continue reading The regulation on offshore wind power in Spain will go to public consultation in the coming weeks
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China Wind Turbine Orders to Hit Record 100 GW in 2023
Goldwind retook the position as the top wind energy company for orders in 2023.Chinese wind turbine orders hit a new record in 2023, reaching around 100 GW, according to research by Wood Mackenzie. Analyst’s 2023 China Wind Turbine Order Ranking Analysis Report found that this is the second year in which more than 90 GW … Continue reading China Wind Turbine Orders to Hit Record 100 GW in 2023
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After auction, photovoltaic solar energy participation goes from 3% to 26% in Colombia
99% of the energy allocated was solar, and 1% for thermal plants, including biomass, a fact that occurs for the first time in the history of the country.Last Friday, the Reliability Charge Auction for the National Interconnected System, SIN, concluded, in which historic results were achieved that contribute to the energy transition. In fact, one … Continue reading After auction, photovoltaic solar energy participation goes from 3% to 26% in Colombia
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Envision Dominates Overseas Wind Turbine Orders Among Chinese OEMs in 2023
Envision Energy, a global leader in renewable energy, has achieved a remarkable milestone in 2023, securing the leading position in overseas wind turbine order intake among Chinese OEMs. This achievement, as reported by the leading energy consultancy Wood Mackenzie, places Envision Energy at the forefront with an order capacity of 4.1 GW, a significant stride … Continue reading Envision Dominates Overseas Wind Turbine Orders Among Chinese OEMs in 2023
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Photovoltaic energy registers the highest daily production in history for a February month in Spain, Portugal and Italy
In the third week of February, European electricity market prices remained stable, most of them with averages below €70/MWh. The MIBEL market registered the lowest averages for the second week in a row. Photovoltaic energy registered the highest daily production in history for a February month in Spain, Portugal and Italy. Gas and CO2 futures … Continue reading Photovoltaic energy registers the highest daily production in history for a February month in Spain, Portugal and Italy
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EDP Renewables inaugurates new hybrid photovoltaic and wind energy project in Portugal
The photovoltaic plant installed next to an operational wind farm nearly doubles renewable production at that location and accelerates the energy transition in the central region of the country. The projectis the second hybrid operation in Portugal. At the end of the first year, the first project of its kind in the country has already … Continue reading EDP Renewables inaugurates new hybrid photovoltaic and wind energy project in Portugal
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DNV pilot paves way to a more sustainable wind turbine decommissioning
DNV, the independent assurance and risk management provider, has successfully run a pilot that uses a new digital service to increase the sustainability of wind turbine decommissioning. ReWind automatically generates a decommissioning plan, such as where and how the blades can be recycled, based on data provided by the user. The pilot ran from June … Continue reading DNV pilot paves way to a more sustainable wind turbine decommissioning
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RWE wins the largest number of onshore wind power projects in France’s latest tender
RWE has successfully awarded 8 of the 57 wind projects in the latest bidding round. With an assured capacity of 108.7 MW, the Group is the second largest developer in terms of total awarded wind capacity.These results build on RWE’s previous success in 2023, when the Group was already in a leading position. These results … Continue reading RWE wins the largest number of onshore wind power projects in France’s latest tender
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Photovoltaic (PV) installations will reach 574 GW in 2024 worldwide
BloombergNEF highlights in a new report that developers installed 444 GW of new PV capacity worldwide in 2023. It says new installations could reach 574 GW in 2024, 627 GW in 2025 and 880 GW in 2030.The world could install up to 574 GW of new PV capacity this year, according to a new global … Continue reading Photovoltaic (PV) installations will reach 574 GW in 2024 worldwide
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Laos gives green light to 1,200 MW wind power project
The Lao government has signed an agreement with Savan Vayu Renewable Energy Co., Ltd. (SVARE) to develop a 1,200 MW wind power project in Sepon District, the central Savannakhet province bordering Vietnam. The Lao government has signed an agreement with Savan Vayu Renewable Energy Co., Ltd. (SVARE) on developing a 1,200 MW wind power project … Continue reading Laos gives green light to 1,200 MW wind power project
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EIB signs €36 million loan for construction of 50 MW wind farm in Bosnia
The loan comes in addition to the €21 million in grants allocated by the European Union in December 2023 through the Western Balkans Investment Fund (WBIF).EIB Global, the financial arm of the European Investment Bank (EIB) for activities outside the European Union, has signed a €36 million loan for the construction of a 50 MW … Continue reading EIB signs €36 million loan for construction of 50 MW wind farm in Bosnia
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RWE to supply seven German companies with wind power from Kaskasi wind farm from 2026
RWE Supply & Trading concludes Power Purchase Agreements with major industrial customers for around 1,000 gigawatt hours per year. High industrial demand for green electricity. RWE’s Kaskasi offshore wind farm will supply seven major German industrial customers with green electricity from 2026. Corresponding Power Purchase Agreements (PPAs) have been signed between RWE Supply & Trading and … Continue reading RWE to supply seven German companies with wind power from Kaskasi wind farm from 2026
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Iberdrola and Exiom inaugurate their photovoltaic solar panel factory in Spain in spring
Iberdrola and Exiom will inaugurate this spring the first large solar panel factory in Spain, located in the Asturian municipality of Langreo, with which both companies seek, among other objectives, to reinforce their commitment to the economic reactivation of the mining basins. The project, which has funding from the Institute for the Just Transition (ITJ), … Continue reading Iberdrola and Exiom inaugurate their photovoltaic solar panel factory in Spain in spring
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Greenalia obtains financing for 3 GW of photovoltaics in the US.
Spanish renewable project developer Greenalia has secured €185.6 million in financing lines to support the development of its 3 GW wind and solar photovoltaic (PV) portfolio in the United States. The new income will be obtained in the form of three-year loans and will be used by the subsidiary of the Spanish company, Greenalia Power. … Continue reading Greenalia obtains financing for 3 GW of photovoltaics in the US.
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Ethiopia seeks to harness its enormous renewable energy potential
Ethiopia has significant renewable energy potential, including hydroelectric, wind, solar and geothermal sources, with the capacity to generate more than 60,000 MW of electrical energy.The country is investing in several renewable energy projects, including the Grand Ethiopian Renaissance Dam (GERD), wind farms and geothermal plants, to improve energy security and support economic growth.While facing criticism … Continue reading Ethiopia seeks to harness its enormous renewable energy potential
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Polenergia and Equinor acquire 1.44 GW of offshore wind from Siemens Gamesa
Polenergia and Equinor close an order for 1.44 GW with Siemens Gamesa wind turbines. Polish power company Polenergia and Norway’s Equinor have signed a final agreement with Siemens Gamesa to supply wind turbines for their Baltyk II and Baltyk III offshore wind farms in Poland. Siemens Gamesa, a unit of Siemens Energy, will supply the … Continue reading Polenergia and Equinor acquire 1.44 GW of offshore wind from Siemens Gamesa
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RWE completes three battery storage projects in Texas and Arizona for photovoltaics (PV) with 190 megawatts
Construction activities are underway on an additional 770 megawatts of battery storage projects in the U.S. Globally, RWE’s battery storage capacity now stands at around 700 MW. RWE continues to deliver on its Growing Green Strategy. In the U.S., the company is further expanding its green energy portfolio with the recent completion of three new … Continue reading RWE completes three battery storage projects in Texas and Arizona for photovoltaics (PV) with 190 megawatts
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Photovoltaic (PV) solar energy grows 56% in one year and reaches 39 GW in Brazil
Projections indicate that installed photovoltaic capacity should reach 45 GW in 2024. Brazil surpassed the mark of 39 GW in installed photovoltaic capacity of solar energy in the sum of GC (Centralized Generation) and DG (Distributed Generation), according to data from ANEEL (National Electric Energy Agency). According to the regulatory body, in February of last … Continue reading Photovoltaic (PV) solar energy grows 56% in one year and reaches 39 GW in Brazil
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