Gamesa has specified its estimate for net free cash flow generation for 2014 at over €300 million 1, up from initial guidance for positive free cash flow (>0), in the wake of the preliminary 2014 results, still subject to the auditor’s review. This improvement is attributable, primarily, to a strong underlying business performance, which has … Continue reading Gamesa specifies its 2014 cash generation estimate at over €300 million
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Hitachi Zosen, to build 220 MW offshore Japan wind farm
Hitachi Zosen Corp. and nine other companies plan to build a 220-megawatt offshore wind farm in northwestern Japan. The companies will build the station off the coast of Murakami city in Niigata prefecture, the city said in a faxed statement. Construction will start in April 2020. Financial terms weren’t provided. The Nikkei newspaper reported today … Continue reading Hitachi Zosen, to build 220 MW offshore Japan wind farm
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Iberdrola Chairman puts Scotland at centre of renewables strategy
Ignacio Galán, the chairman and chief executive officer of Iberdrola, today outlined a strategy for further multi-billion pound investments in renewables in the UK, with a strong focus on Scotland, in a lecture at the University of Strathclyde. Mr Galán was delivering the fourth James Blyth lecture at the university, in which he gave a … Continue reading Iberdrola Chairman puts Scotland at centre of renewables strategy
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Wind energy in Brazil: Vestas wind turbines for a 106 MW wind power plant of Gestamp Wind
Vestas will install 53 units of its V110-2.0 MW turbine at five wind farms located in Rio Grande do Norte: Cabeço Preto III, V and VI and Macambira I and II. Vestas has received a firm and unconditional 106 MW order for 53 V110-2.0 MW wind turbines for five wind farms located in the … Continue reading Wind energy in Brazil: Vestas wind turbines for a 106 MW wind power plant of Gestamp Wind
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Dong takes control at Hornsea 1 offshore wind farm
DONG Energy has acquired the remaining 66.66% ownership interest in the UK offshore wind development Hornsea Project One from its joint venture partner SMart Wind. SMart Wind is a 50/50 joint venture between Mainstream Renewable Power and Siemens Financial Services. Hornsea Project One has a total capacity of up to 1.2GW, which will make it … Continue reading Dong takes control at Hornsea 1 offshore wind farm
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Acciona, Iberdrola and Gamesa will play a key role in the growth of Mexico’s wind power
Figures from the Mexican Wind Energy Association (AMDEE) claim that, in late 2014, the nation’s overall installed capacity from wind facilities reached 2551 MW. At the present moment there are 31 operational wind farms in the country, and this capacity is expected to increase to 9500 MW by 2018. AMDEE chairman José Adrián Escofet … Continue reading Acciona, Iberdrola and Gamesa will play a key role in the growth of Mexico’s wind power
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CPV’s LCOE may fall as low as that for photovoltaic in 2020s
The German Fraunhofer Institute for Solar Energy Systems ISE and the US National Renewable Energy Laboratory, NREL, have compiled a study that describes the status of both the current market as well as the state-of-the-art for concentrator photovoltaic (CPV) technology. This young technology has achieved tremendous progress and has the potential for delivering solar … Continue reading CPV’s LCOE may fall as low as that for photovoltaic in 2020s
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Shitang wind power plant will provide clean electricity to the Fujian province in China
Vestas has received a 48 MW order from Fujian Funeng New Energy Co. Ltd. for 24 units of the V90-2.0 MW wind turbine. The Shitang wind power plant will provide clean electricity to the Fujian province in China. The contract includes delivery, installation, and commissioning of the wind turbines, which is expected to occur … Continue reading Shitang wind power plant will provide clean electricity to the Fujian province in China
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Electric Vehicles and the Grid: Business Opportunities for Vehicle-to-Grid (V2G) Integration Technologies
The growing number of plug in electric vehicles (PEVs) on roads will likely have profound impacts on the grid if the adoption of PEVs is not aligned with the spread of vehicle-grid integration (VGI) technologies. These VGI technologies enable grid operators to communicate with the PEV or its associated electric vehicle supply equipment (EVSE), to … Continue reading Electric Vehicles and the Grid: Business Opportunities for Vehicle-to-Grid (V2G) Integration Technologies
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The world’s largest direct-current grid connection at 800 megawatts (MW) has now taken up commercial operation
With this grid connection it is now possible to transmit 800 MW of clean electricity from wind power, enough to supply around one million German households. Siemens has handed over the first North Sea grid connection, BorWin2, to its customer TenneT. The German-Dutch transmission grid operator has accepted the project following successful completion of test … Continue reading The world’s largest direct-current grid connection at 800 megawatts (MW) has now taken up commercial operation
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India adding 2300 MW wind energy capacity this year
The total installed wind energy based capacity in India was 22,465 MW as of December 31, 2014. During the financial year 2014, India witnessed a capacity addition of 23 per cent. Wind power generation rose by 2,084 MW year on year. One additional factor that supported the growth was the reintroduction of generation based incentive … Continue reading India adding 2300 MW wind energy capacity this year
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Siemens Receives Wind Power Order for 48-MW Alexander Wind Farm in Kansas
Siemens announces that it will supply 21 wind turbines to NJR Clean Energy Ventures (NJRCEV), a subsidiary of New Jersey Resources (NJR), for the 48-megawatt, Kansas-based Alexander wind project, located in Rush, Kan. A service and maintenance agreement was also signed to help ensure the turbines operate at optimal levels. NJRCEV will be investing up … Continue reading Siemens Receives Wind Power Order for 48-MW Alexander Wind Farm in Kansas
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China aims to install 15 GW of solar power capacity this year, 43 per cent more
China aims to install 15 gigawatts of solar energy this year, 43 per cent more than what was added in 2014, seeking to prop up its solar panel sector and boost the use of renewable energy despite a lack of transmission infrastructure. The National Energy Administration (NEA) started last week to solicit industry feedback … Continue reading China aims to install 15 GW of solar power capacity this year, 43 per cent more
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Wind power production increased by 9% in Estonia
In the fourth quarter of 2014, renewable energy accounted for 16.7% of total Estonian consumption, while the figure was 16.9% at the same time in 2013. Estonia has taken a commitment to bring the share of renewable energy in the total consumption to 17.6% by the year 2020. Despite the fact that … Continue reading Wind power production increased by 9% in Estonia
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Boralex and Témiscouata Regional County Municipality are inaugurating the Témiscouata Wind Energy plants
Boralex Inc. (“Boralex”) and Témiscouata Regional County Municipality (“RCM”) are pleased to officially inaugurate the Témiscouata Wind Farms after commissioning the first 23.5 MW in December 2014. Jean D’Amour, Minister responsible for the Bas-Saint-Laurent and the Gaspésie–Îles-de-la-Madeleine Regions and Minister for Transport and the Implementation of the Maritime Strategy, stated that “wind power is undoubtedly an industry with a … Continue reading Boralex and Témiscouata Regional County Municipality are inaugurating the Témiscouata Wind Energy plants
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Starwood Energy Group’s Stephens Ranch Wind Power Project (Phase I) in Texas Becomes Operational with GE Wind Turbines
Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure, announced today that the 211-megawatt (MW) Stephens Ranch Wind Project in Texas reached commercial operation (COD) in November 2014. In addition, tax equity funding closed with affiliates of GE Energy Financial Services and Santander Bank, N.A. Financial details were not disclosed. … Continue reading Starwood Energy Group’s Stephens Ranch Wind Power Project (Phase I) in Texas Becomes Operational with GE Wind Turbines
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600 MW of Concentrated Solar Power (CSP) being developed in South Africa
Concentrated solar power (CSP) projects are advancing rapidly in South Africa, with government support for independent power producers (IPPs) and new interest from financiers and investors. South Africa is seen by many analysts as one of the most important countries to develop renewable energy. Recently, 2 CSP projects were granted preferred bidder … Continue reading 600 MW of Concentrated Solar Power (CSP) being developed in South Africa
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Wind energy and solar power plants raised Poland’s renewable energy installed capacity to 6,029 megawatts
More wind energy and solar power plants raised Poland’s renewable energy installed capacity to 6,029 megawatts (MW) in 2014 from 5,511 MW a year earlier, data from energy market watchdog URE showed on Monday. Wind farm capacity rose 13 percent to 3,834 MW while solar power capacity grew to 21 MW from 1.9 MW. … Continue reading Wind energy and solar power plants raised Poland’s renewable energy installed capacity to 6,029 megawatts
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China’s new wind power installations reached 23.35GW in 2014, with an increase of 45.1% from 2013
China Ming Yang Wind Power (NYSE: MY) (“Ming Yang” or the “Company”), today announced that according to the preliminary statistics of Chinese Wind Energy Association (CWEA), China’s new wind installations reached approximately 23.35GW in 2014, with an increase of 45.1% from 2013. According to CWEA’s preliminary statistics, Ming Yang consolidated third position in terms of the … Continue reading China’s new wind power installations reached 23.35GW in 2014, with an increase of 45.1% from 2013
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2014 was another strong year for wind energy in Ireland
Last year was another strong year for wind energy in Ireland, with the sector delivering €350m of vital investment, while helping us reduce our dependency on foreign fossil fuels and securing our clean energy future by meeting 19% of our overall electricity demand in 2014. Ireland is in a uniquely fortunate position. We have one … Continue reading 2014 was another strong year for wind energy in Ireland
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