RWE, the third largest renewable energy company in the U.S., today announced it signed a long-term power purchase agreement (PPA) with electric vehicle manufacturer Rivian for the electricity from an upgraded RWE wind project in West Texas. The PPA underlines RWE’s ability to support the demand for clean electricity from manufacturing, technology and other energy-intensive … Continue reading RWE and Rivian sign 15-year power purchase agreement for clean electricity supply from 127-megawatt Champion Wind Farm in Texas
Continue readingMonthly Archives: October 2024
Romania advancing its plans for more wind energy
After 10 years of slow growth, Romania wants to boost its wind energy again. Energy Minister Sebastian Burduja summarised their plans at the Power Shift Summit in Bucharest on 29 October: onshore wind CfD auctions starting now; grid expansion underway with the support of EU funds; and the first offshore wind in the Black Sea … Continue reading Romania advancing its plans for more wind energy
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Green hydrogen auctions: A guide to design
Based on lessons learned from renewable power auctions, this report represents a guide for policymakers concerned with the design of auctions for green hydrogen deployment. The benefits of green hydrogen go beyond reducing greenhouse gas emissions. Green hydrogen can enable green industrialisation, energy independence, increased participation in global trade and markets, and job creation. Driven … Continue reading Green hydrogen auctions: A guide to design
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Permits in place for RWE to kick off offshore construction for Denmark’s largest offshore wind farm in spring
Danish Energy Agency grants RWE offshore construction permit for 1.1 GW Thor offshore wind farm. Offshore work will begin – as planned – in spring 2025; full commissioning expected in 2027. Enough wind power electricity to supply the equivalent of more than one million Danish households. The Danish Energy Agency has granted RWE the offshore … Continue reading Permits in place for RWE to kick off offshore construction for Denmark’s largest offshore wind farm in spring
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Engie to provide Meta with 260 MW of photovoltaic from US solar plant
Engie has signed a deal with Facebook owner Meta Platforms for the U.S. social media group to buy 100% of the output from its U.S. Sypert photovoltaic solar power plant, the French utility said on Thursday. The photovoltaic plant is expected to start operating in late 2025, Engie said. “Once operational, it will add to … Continue reading Engie to provide Meta with 260 MW of photovoltaic from US solar plant
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Photovoltaic (PV) manufacturing capacity could exceed 1.5 TW by 2035, IEA says
The latest report from the International Energy Agency (IEA), which charts the future evolution of renewable energy manufacturing, says the combined global market for photovoltaics, wind, electric cars, batteries, electrolysers and heat pumps will grow from $700 billion in 2023 to more than $2 trillion in 2035. Global solar module manufacturing capacity is set to … Continue reading Photovoltaic (PV) manufacturing capacity could exceed 1.5 TW by 2035, IEA says
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Vestas secures 50 MW wind order in Romania
Danish wind turbine manufacturer Vestas has announced that it has secured a 50 MW supply order in Romania for 12 wind turbines. As part of Vestas’ procurement of new wind turbines in Q4 2024, an agreement has been concluded with Eolenerg Project SRL for a 50 MW wind farm in Sacele, Constanta County, south-east Romania. … Continue reading Vestas secures 50 MW wind order in Romania
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African Development Bank approves $54 million loan for Mozambique’s first wind energy project
The Board of Directors of the African Development Bank has approved a loan of $54 million for a 120 MW onshore wind farm that will help position Mozambique as a regional energy hub. The Bank’s loan, which includes $12 million from the Sustainable Energy Fund for Africa (SEFA), is in addition to financing expected from … Continue reading African Development Bank approves $54 million loan for Mozambique’s first wind energy project
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Translate offshore wind energy and biodiversity targets into concrete actions
Over 150 participants from politics, industry, NGOs and academia gathered today to align EU offshore wind targets with biodiversity goals at the “Strong Winds, Thriving Seas – Turning Ambition into Action for Nature-Friendly Offshore Wind and Grids” conference. At today’s “Strong Winds, Thriving Seas” conference, participants identified actionable and innovative strategies to help align the … Continue reading Translate offshore wind energy and biodiversity targets into concrete actions
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Ørsted divests share of four UK offshore wind farms to Brookfield
Two leading renewable energy players partner on operational UK offshore wind farms. Brookfield to acquire a 12.45 % stake in 3.5 GW offshore wind portfolio under long-term contracts for difference (CfDs). Ørsted (CPH: ORSTED) has signed a partnership agreement with Brookfield (NYSE: BAM, TSX: BAM), its institutional partners, and its listed affiliate Brookfield Renewable (NYSE: … Continue reading Ørsted divests share of four UK offshore wind farms to Brookfield
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Towards the battery quinquennium: A catalyst for profitability in the renewable sector
In the last AleaSoft Energy Forecasting webinar, with the participation of Deloitte, the discussion highlighted how the reductions in battery costs and their hybridisation with renewable energies will be fundamental to increase the profitability of renewable energy projects. Analyses indicate that batteries, especially in hybrid systems, are starting to become profitable, opening the door to … Continue reading Towards the battery quinquennium: A catalyst for profitability in the renewable sector
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ACP Statement on DOD and BOEM Memorandum of Understanding on Offshore Wind Development
The American Clean Power Association (ACP) released the following statement from Anne Reynolds, ACP Vice President Offshore Wind after the Bureau of Ocean Energy Management (BOEM) and the Department of Defense (DOD) signed a Memorandum of Understanding (MOU) to support the coordinated development of offshore wind energy generation on the U.S. Outer Continental Shelf (OCS).?The … Continue reading ACP Statement on DOD and BOEM Memorandum of Understanding on Offshore Wind Development
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Global market for key clean technologies set to triple to more than $2 trillion over the coming decade as energy transitions advance
First-of-its-kind IEA analysis shows complex interplay between energy, industrial and trade policies as countries seek to secure supply chains and economic opportunities The rapid uptake of clean energy technologies offers major opportunities for countries looking to manufacture and trade them but also presents challenging decisions for governments, which face tensions and trade-offs based on the … Continue reading Global market for key clean technologies set to triple to more than $2 trillion over the coming decade as energy transitions advance
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Kail wind farm – RWE to build in State of Rhineland-Palatinate
The construction site has been set up, roads and surfaces prepared – so it’s all systems go. Kail wind farm is being built in the state of Rhineland-Palatinate, around 50 kilometres southwest of the city of Koblenz. On the high plateau near the Moselle, RWE is building three wind turbines with a total capacity of … Continue reading Kail wind farm – RWE to build in State of Rhineland-Palatinate
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Cubico commissions 132 MWp photovoltaic (PV) solar power plant to supply Google in Arkansas
Cubico Sustainable Investments has launched commercial operations of a 132 MW solar photovoltaic (PV) farm in Arkansas, which will supply Google with green electricity. The commissioning of the Crossett photovoltaic (PV) farm has expanded Cubico’s US operating portfolio to more than 880 MW, the company said in a LinkedIn post on Tuesday. The solar farm … Continue reading Cubico commissions 132 MWp photovoltaic (PV) solar power plant to supply Google in Arkansas
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Forty Mile wind farm powers up clean electricity for Alberta
ACCIONA Energía, a world leader in renewable energy generation, announced today that its new Forty Mile Wind Farm in southern Alberta has started to send renewable electricity to the province’s power grid. The project, which remains on track for completion in the first quarter of 2025, will generate enough clean energy to power more than … Continue reading Forty Mile wind farm powers up clean electricity for Alberta
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Nova Clean Energy Announces Execution of Key Contracts for 1 Gigawatt of New Wind Power in Texas
Contrary to expectations, Texas is the leading wind energy producer in the U.S. Driven by industrial electrification in the oil and gas and petrochemical sectors, an emerging hydrogen market, and the expansion of data centers, ERCOT anticipates that Texas’ wind power will continue surging, exceeding 150 GW by 2030. Nova Clean Energy is among the … Continue reading Nova Clean Energy Announces Execution of Key Contracts for 1 Gigawatt of New Wind Power in Texas
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Nine companies showed interest in offshore wind energy projects in Colombia
Nine companies, seven of them foreign and two Colombian, filed accreditation documents with the National Hydrocarbons Agency (ANH) as compliance with the first stage of the enabling process for the first ‘Offshore Wind Energy Round’. This means that these companies are interested in developing these projects in the country. According to the National Hydrocarbons Agency, … Continue reading Nine companies showed interest in offshore wind energy projects in Colombia
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Runergy’s Huntsville plant begins production, signaling growth in the U.S. photovoltaic market
Runergy officially launched its solar module factory in Huntsville, Alabama. Supported by its major shareholder, Yueda Group, the U.S. production base achieved production efficiency exceeding initial targets and completed its first batch of orders, receiving unanimous praise from customers. This launch not only highlights Runergy’s core position in the global photovoltaic industry but also reflects … Continue reading Runergy’s Huntsville plant begins production, signaling growth in the U.S. photovoltaic market
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Iberdrola wins two areas in the Gulf of Maine to develop 3.4 GW of offshore wind power
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced it has secured two lease areas in the auction of sites for offshore wind development in the Gulf of Maine held by the federal Bureau of Ocean Energy Management (BOEM). Avangrid was named provisional winner of lease areas … Continue reading Iberdrola wins two areas in the Gulf of Maine to develop 3.4 GW of offshore wind power
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