Naturgy improved its EBITDA in 2023 to 5,475 million euros (+11%) and recorded a net profit of 1.986 billion (+20%), in a year marked by falling energy prices and a volatile scenario. The networks business obtained an EBITDA of 2,638 million (+7%) and the deregulated businesses, 2.949 billion (+15%). Some 90% of the investment was … Continue reading Naturgy increases its investment by 53% to 3 billion, focusing on energy transition and Spain
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RWE set up new team to deliver Offshore Wind Fleet Servicing
RWE, one of the world’s leading renewable energy companies, is to establish an initial 30 person dedicated Fleet Servicing Team for the UK and Germany to support its growing international offshore wind fleet. Initially focused on five operational projects off the UK and German coasts, the team will secure new, long term jobs, and have … Continue reading RWE set up new team to deliver Offshore Wind Fleet Servicing
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The regulation for offshore wind power in Spain, published
The Spanish Government launches the long-awaited regulation for offshore wind Last week we were talking about how the legislation on offshore wind in Spain was taking longer than desired. And also that it was expected to be published in the coming weeks. Well, it seems that the Ministry must have heard our prayers because yesterday … Continue reading The regulation for offshore wind power in Spain, published
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China needs huge expansion of photovoltaic solar, wind power to reach climate goals
China will need to expand its current solar and wind energy capacity by eight- to tenfold to fulfill its 2060 carbon neutrality goals, a University of California-led study has found. Achieving these aims will also require large-scale construction of transmission lines, as well as more coordinated national-level policies in place of impromptu local decisions, according … Continue reading China needs huge expansion of photovoltaic solar, wind power to reach climate goals
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Vestas wins order for 153 MW of wind in the US
Vestas has received an order for 153 MW to power an undisclosed wind farm in the United States. The order consists of 34 V150-4.5 MW wind turbines. The orders include the supply, delivery and commissioning of the wind turbines, as well as a multi-year Active Output Management 5000 (AOM 5000) service agreement, designed to ensure … Continue reading Vestas wins order for 153 MW of wind in the US
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North Africa’s Renewable Potential and Strategic Location Reinforce Its Role in Energy Transition
North Africa – Algeria, Egypt, Libya, Morocco, Tunisia, and Sudan – faces significant challenges due to climate change, which increasingly disrupts the region’s economies that rely on agriculture, fishery and tourism. Climate mitigation efforts, including renewable energy deployment is therefore crucial for the region’s climate resilience, while further developing their economies. Fortunately, the region is … Continue reading North Africa’s Renewable Potential and Strategic Location Reinforce Its Role in Energy Transition
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Green hydrogen production from offshore wind energy in Vietnam
With the characteristics of zero carbon emissions and high energy conversion efficiency, the production of green hydrogen from offshore wind energy becomes the optimal solution applied today by many countries in the world in the energy transition. This is also one of the innovative solutions that Vietnam intends to implement to achieve the goal of … Continue reading Green hydrogen production from offshore wind energy in Vietnam
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Kazakhstan seeks to harness huge wind energy potential
Kazakhstan may soon become one of the world leaders in wind power generation, the country’s Minister of Energy, Almasadam Satkaliev told a parliamentary commission on February 23rd. According to the minister, as the world’s ninth-largest country, Kazakhstan has significant potential for the development of the renewable energy sector, with its vast territory highly suited to … Continue reading Kazakhstan seeks to harness huge wind energy potential
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Global Wind Energy Council opens new global headquarters in Lisbon
The Global Wind Energy Council (GWEC) has today officially opened its new global headquarters in Lisbon, Portugal. The office at Lisbon’s Unicorn Factory places GWEC at the heart of the city’s innovative cleantech sector, at a time when Portugal is undergoing a second wave of renewable energy development, including a major tender for new offshore … Continue reading Global Wind Energy Council opens new global headquarters in Lisbon
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Wind power to methanol project to be launched in Inner Mongolia
A project to produce hydrogen and methanol from 2 million kW wind power will be launched in the Hinggan League of north China’s Inner Mongolia Autonomous Region, according to a development agreement signed recently. The project, run by China General Nuclear Power Corporation with a total investment of about 16 billion yuan (about $2.25 billion), … Continue reading Wind power to methanol project to be launched in Inner Mongolia
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Ørsted and Incheon City sign MoU to establish world-class offshore wind power industry in Korea’s Incheon region
Ørsted has signed a memorandum of understanding (MoU) with Incheon Metropolitan City, Korea, to cooperate on developing a world-class offshore wind power industry in the region. The aim of the agreement is to establish a successful local wind power industry driven by Ørsted’s 1.6 GW offshore wind project off the coast of Incheon. Photo from the … Continue reading Ørsted and Incheon City sign MoU to establish world-class offshore wind power industry in Korea’s Incheon region
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ACP Statement on Major Milestone for Empire Wind
The American Clean Power Association (ACP) released the following statement from Anne Reynolds, ACP Vice President for Offshore Wind, after the Department of the Interior approved the Construction and Operations Plan for Equinor’s Empire Wind project in New York: “This is a milestone for Empire Wind and domestic offshore wind as a whole. When it … Continue reading ACP Statement on Major Milestone for Empire Wind
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Avangrid’s Fourth Wind Farm in Illinois Achieves Commercial Operation
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced Midland Wind has achieved commercial operation. The 106 MW wind farm located in Henry County is the company’s fourth wind farm in Illinois, bringing total capacity in the state to more than 600 MW. “We are proud to … Continue reading Avangrid’s Fourth Wind Farm in Illinois Achieves Commercial Operation
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Vestas wins order for 63 MW of wind power in Italy
Vestas has received an order for 63 MW for a wind farm in Italy. The contract includes the supply and installation of 14 V150-4.5 MW wind turbines, as well as a 10-year Active Output Management 5000 (AOM 5000) service contract. “This order demonstrates the suitability of our latest models for the Italian market. We hope … Continue reading Vestas wins order for 63 MW of wind power in Italy
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Vestas divests its shares in Lake Turkana Wind Power Limited
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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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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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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