Lower prices in the iberian electricity market, while prices rise in the rest of the european markets. In the third week of August, wind production together with the decrease in demand and average temperatures contributed to the drop in prices in the Iberian market of Spain and Portugal. In the rest of Europe’s major electricity … Continue reading Photovoltaic and wind energy in the third week of August
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Moldova promotes wind energy to boost its energy independence
To improve its energy independence, the Republic of Moldova has announced its first tender for the construction of onshore wind energy facilities with capacities of up to 105 MW. Investors chosen to build the power plants will receive qualified large producer status, as well as a guaranteed supply of the energy generated for a period … Continue reading Moldova promotes wind energy to boost its energy independence
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Ethiopia signs 300 MW wind power deal with AMEA Power
Ethiopia has signed purchase and implementation agreements for the 300 MW Aysha-1 wind farm with AMEA Power of the United Arab Emirates (UAE). The Aysha wind energy project is set to become the largest wind energy project in the Horn of Africa after an investment of US$620 million. Minister of Finance Amhed Shide and other … Continue reading Ethiopia signs 300 MW wind power deal with AMEA Power
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China is rapidly expanding its battery fleet for wind power and photovoltaic, but needs to start using it
The average storage system runs only once every two days. The electricity market lacks incentives to fully use its capacity. The solution to encourage the use of these batteries could involve new reforms of its electricity market, according to BloombergNEF. “Having electricity prices that change at different times of day, something many provinces are testing, … Continue reading China is rapidly expanding its battery fleet for wind power and photovoltaic, but needs to start using it
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Statkraft to purchase energy from Avangrid’s 35 MW Casselman wind farm in Somerset County, Pennsylvania
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Statkraft, Europe’s largest producer of renewable energy, today announced the signing of a short-term Virtual Power Purchase Agreement (VPPA) for energy from Avangrid’s 35 MW Casselman wind farm in Pennsylvania. This marks the second such deal between the two … Continue reading Statkraft to purchase energy from Avangrid’s 35 MW Casselman wind farm in Somerset County, Pennsylvania
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Egypt ratifies proposal to increase wind energy capacity
This project could be implemented together with the ongoing works of the consortium’s main project with a capacity of 500 MW in the Gulf of Suez region.The cabinet approved a proposal put forward by a consortium consisting of Engie, Toyota and Orascom Construction Plc to increase wind energy capacity by adding up to 150 megawatts … Continue reading Egypt ratifies proposal to increase wind energy capacity
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Vestas successfully develops Lotus Creek wind farm in Australia and secures 285 MW order from CS Energy
Vestas has received an order for the supply and installation (S&I) of 46 V162-6.2 MW wind turbines from Vestas’ EnVentus platform for CS Energy’s Lotus Creek wind farm, located in central Queensland. With a generation capacity of 285 MW, Vestas will also offer a long-term Active Output Management 5000 (AOM 5000) service agreement, which will … Continue reading Vestas successfully develops Lotus Creek wind farm in Australia and secures 285 MW order from CS Energy
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Iberdrola exceeds 9,000 MW of wind power and photovoltaic in the United States
Through its wind and photovoltaic (PV) facilities, the company supplies sustainable energy to more than 2.3 million American families, a population close to the entire population living in rural areas of Spain.In total, with more than 75 solar and wind projects in 22 states, it is one of the three largest companies in the country … Continue reading Iberdrola exceeds 9,000 MW of wind power and photovoltaic in the United States
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Equinor wins offshore wind lease in U.S. Central Atlantic auction
Equinor has been announced as a provisional winner in the Bureau of Ocean Energy Management’s (BOEM) offshore wind energy lease auction in the U.S. Central Atlantic region. The ~2 gigawatt (GW) lease will have the capacity to produce enough energy to power approximately 900,000 U.S. homes. With a bid of $75,001,001 for 101,443 acres in … Continue reading Equinor wins offshore wind lease in U.S. Central Atlantic auction
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Dominion wins second offshore wind energy lease
Dominion Energy is spending $17.65 million for another piece of the ocean to expand its offshore wind energy. Virginia’s largest utility was the lone bidder for the lease of 176,506 acres about 35 miles off the mouth of the Chesapeake Bay in a Bureau of Ocean Energy Management auction Wednesday. The win means Dominion Energy … Continue reading Dominion wins second offshore wind energy lease
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ACP Statement on Central Atlantic Lease Sale
The American Clean Power Association (ACP) issued the following statement after today’s lease sale by the Department of Interior and the Bureau of Ocean Energy Management (BOEM) for new wind energy projects that will further the development of clean energy for the Mid-Atlantic region. The offshore wind energy lease sale conducted by BOEM generated $92.65 … Continue reading ACP Statement on Central Atlantic Lease Sale
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Wind power and photovoltaic energy will lead growth, adding 84 GW in the next decade in Brazil
The Brazilian power market is expected to install 115 gigawatts (GW) of new capacity by 2034, primarily driven by the rise of free market demand. Wind and solar energy will spearhead growth, with 61 GW of utility and distributed solar and 24 GW of onshore wind projects due to be added in the next 10 … Continue reading Wind power and photovoltaic energy will lead growth, adding 84 GW in the next decade in Brazil
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Vestas announces orders for 400 MW wind turbines
Vestas has announced five wind power orders in America and Europe, totaling 404MW. The largest is a 252 MW order, for 56 of its V163-4.5 MW wind turbines for an undisclosed US wind farm. Delivery is planned for the third quarter of 2026 and commissioning will take place in the first quarter of 2027. It … Continue reading Vestas announces orders for 400 MW wind turbines
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EU Wind Power Package is boosting the European wind supply chain
Last October the European Commission published its Wind Power Package which outlines 15 immediate actions to strengthen the competitiveness of Europe’s wind supply chain. The European Commission and the European Investment Bank (EIB) are delivering on this. Most actions fall to the individual EU Member States which have made some progress. As a result, Europe’s wind … Continue reading EU Wind Power Package is boosting the European wind supply chain
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Photovoltaic and wind energy in second week of AugustPhotovoltaic and wind energy
In the second week of August, TTF gas futures prices continued their upward trend from the previous week, reaching levels above €40/MWh, which has not been seen since early December 2023. However, most of the main European electricity markets resisted the rise in gas prices and reached lower prices than the previous week, thanks to … Continue reading Photovoltaic and wind energy in second week of AugustPhotovoltaic and wind energy
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Success in German offshore wind auction: RWE secures two sites with 4 gigawatts in the North Sea
Wind power N-9.1 and N-9.2 have a capacity of 2,000 megawatts each; RWE will pay a total bid price of €250 million. RWE will explore the possibility of developing the offshore wind turbines projects together with TotalEnergies. Investment decisions (FID) to be made by 2027 and 2028 respectively. Start of offshore construction in 2029 and … Continue reading Success in German offshore wind auction: RWE secures two sites with 4 gigawatts in the North Sea
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Wind farm and seafood farming combined: First harvest at Kriegers Flak
With the increasing competition for space at sea, seaweed and mussel farming in the sea between the mighty offshore wind turbines will likely become reality in the future. A new study shows how it is possible to use offshore wind farms to produce food, while meeting the renewable energy needs of northern Europe. The WIN@sea research … Continue reading Wind farm and seafood farming combined: First harvest at Kriegers Flak
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Vestas: Narrowing of full-year outlook due to adjustments to planned costs in Service
Vestas narrows the financial outlook for 2024 on revenue to EUR 16.5bn-17.5bn (from EUR 16bn-18bn) and EBIT margin before special items to 4-5 percent (from 4-6 percent) based on adjustments to planned costs in the Service segment. Inflation indexation remains a key mechanism to protect profitability in the order backlog. However, adjustments to planned costs … Continue reading Vestas: Narrowing of full-year outlook due to adjustments to planned costs in Service
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Expansion of the “La Rumorosa” wind power plant in Mexico
The Baja California State Energy Commission (CEE) is working on a project to increase energy generation at the La Rumorosa 1 wind farm, with the installation of six or seven wind turbines with greater capacity than the five already installed, its director reported. General Joaquín Gutiérrez Ley. The project, which is expected to begin at … Continue reading Expansion of the “La Rumorosa” wind power plant in Mexico
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BOEM completes environmental review of US wind power plant in Maryland
The Bureau of Ocean Energy Management announced July 29 that it has completed reviewing an environmental impact statement for US Wind’s proposed wind farm project off the coast of Maryland. US Wind is seeking approval for its proposed Maryland offshore wind project, which includes three planned phases. Two of those phases, MarWin and Momentum Wind, … Continue reading BOEM completes environmental review of US wind power plant in Maryland
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