Octopus Energy, a leading green energy solutions provider, has announced an innovative partnership with Sherbro Alliance Partners (SAP) to build Sierra Leone’s inaugural wind farm by 2024. As part of Octopus Energy’s commitment to promoting sustainable practices across the world, this historic agreement marks the company’s first foray into renewable energy projects in Africa. Sierra … Continue reading Octopus Energy collaborates with SAP to develop wind energy in Sierra Leone
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OX2 hands over the Klevberget wind farm in Sweden
OX2 has handed over the Klevberget wind farm in Sweden to Renewable Power Capital (RPC). The wind farm comprises 24 wind turbines with a total installed capacity of 146 MW. This is the fourth wind farm OX2 hands over to RPC this year, together they have a total installed capacity of about 317 MW. The … Continue reading OX2 hands over the Klevberget wind farm in Sweden
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Ørsted secures 1.6 GW for offshore wind power project off the coast of Incheon, Korea
Ørsted has been granted a 1.6 GW electricity business license (EBL) by the Ministry of Trade, Industry & Energy of Korea for an offshore wind farm located 70 km off the coast of Incheon City. The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project, which is set to become the … Continue reading Ørsted secures 1.6 GW for offshore wind power project off the coast of Incheon, Korea
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Accelerated Energy Transition Can Add 40 million Energy Sector Jobs by 2050
Progressive policies are critical to boost the socio-economic benefits of the energy transition and spread them broadly across the world, a new report released by the International Renewable Energy Agency (IRENA) ahead of the UN Climate Conference COP28 in Dubai finds. Volume 2 of IRENA’s World Energy Transitions Outlook 2023, looks at the socio-economic impacts … Continue reading Accelerated Energy Transition Can Add 40 million Energy Sector Jobs by 2050
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Vestas acquires Utopus Insights to revolutionize wind energy forecasting
Vestas, a global leader in wind turbine manufacturing, has made an important strategic move to improve its operational efficiency and strengthen its core business. The company on Tuesday announced the acquisition of Utopus Insights, a cutting-edge energy analytics firm specializing in data modeling and predictive forecasting of wind and solar patterns. This merger will revolutionize … Continue reading Vestas acquires Utopus Insights to revolutionize wind energy forecasting
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OX2 sells stake in next generation Swedish offshore wind energy portfolio to Ingka Investments
OX2 has agreed with Ingka Investments, the investment arm of Ingka Group – the biggest IKEA retailer – to sell a 49 percent stake in next generation Swedish offshore wind projects. The transaction is expected to impact OX2’s operating income positively with approximately 200 MSEK* in 2023. Following the transaction OX2 expects operating income for … Continue reading OX2 sells stake in next generation Swedish offshore wind energy portfolio to Ingka Investments
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The potential of Africa’s renewable energy to power the continent’s future
Africa has a huge renewable energy capacity of 2,000 gigawatts (GW), according to a recent report by Abu Dhabi Future Energy Company (Masdar) and PwC Middle East. This capacity has the potential to meet the basic energy needs of the local population, which will have a significant impact on electrification rates. As one of the … Continue reading The potential of Africa’s renewable energy to power the continent’s future
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RWE commits €55 billion to invest in wind energy
RWE AG has announced plans to significantly expand its investment in wind energy, despite the challenges facing the wider sector, including rising interest rates and inflation. During its recent Capital Markets Day in London, RWE revealed its commitment to invest €55 billion ($60.4 billion) in green technologies by 2030. A substantial part of this investment, … Continue reading RWE commits €55 billion to invest in wind energy
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Flotation Energy and Vårgrønn on Crown Estate Scotland announcement for seven INTOG offshore wind power projects
“Our frontrunner floating offshore wind projects, Green Volt and Cenos, are uniquely positioned to deliver green power and jobs by 2030. Their accelerated timelines are achievable because of the effort we’ve already invested into community engagement, environmental and engineering data collection, and because of our strong relationships with the oil and gas platforms. “The opportunity … Continue reading Flotation Energy and Vårgrønn on Crown Estate Scotland announcement for seven INTOG offshore wind power projects
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Service of 497 Enercon wind turbines to be extended in terms of scope and run-time
ENERCON has signed a new framework agreement with its Portuguese customer Finerge regarding the service and maintenance of Finerge’s fleet of ENERCON turbines in operation. The agreement covers 497 wind turbines, ranging from E-40 to E-92 series with a total installed capacity of more than 1 GW. This represents 58 % of Finerge’s entire wind onshore … Continue reading Service of 497 Enercon wind turbines to be extended in terms of scope and run-time
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UK seeks 10 GW of offshore wind projects in 2024 auction
The British government could award 10 gigawatts (GW) of offshore wind projects in next year’s renewable energy auction, after it increased the level of subsidy it is willing to pay, the head of Vattenfall’s wind business said on Tuesday. “They expect around 10 gigawatts even though they don’t talk volumes, but 10 gigawatts to pass … Continue reading UK seeks 10 GW of offshore wind projects in 2024 auction
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EU Grid Action Plan will help wind power, but urgent action needed on excessive connection queues
Today the EU Commission launched an Action Plan for Grids – a 14-point plan to modernise Europe’s electricity grid and prepare for the renewables-based electrification of the energy system. It says €584bn of new investments are required by 2030 to upgrade Europe’s grids. Absolutely. And these investments can’t come soon enough. The current grid can’t accommodate … Continue reading EU Grid Action Plan will help wind power, but urgent action needed on excessive connection queues
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RWE and partners secure wind contracts for 119 MW in France
The French CRE (Commission for the Regulation of Energy) has published the results of the latest call to tender for onshore wind power (AO 13) for a cumulative capacity of 931 MW for an average price of €86.94/MWh. Five projects have been awarded to RWE, representing 119 MW gross and 80 MW pro-rata. Of these … Continue reading RWE and partners secure wind contracts for 119 MW in France
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China leads global renewables race with record-breaking 230 GW installations in 2023
Currently on target to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, China leads the global renewables market. This is more than double the number of US and Europe installations combined, according to latest report ‘How China became the global renewables leader’ by Wood Mackenzie. Wind and solar project investment … Continue reading China leads global renewables race with record-breaking 230 GW installations in 2023
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Solar and wind power placed MIBEL at the lowest prices in EuropeSolar and wind power
In the fourth week of November, MIBEL registered the lowest prices among the main European markets thanks to solar and wind energy. In the other markets, prices were in general higher than in the previous week, although wind energy helped to push prices below €100/MWh over the weekend. Photovoltaic energy registered the production record for … Continue reading Solar and wind power placed MIBEL at the lowest prices in EuropeSolar and wind power
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Octopus Energy buys 12.5% stake in UK offshore wind farm
Octopus Energy has bought a 12.5% stake in the 660 megawatt (MW) Walney Extension offshore wind farm in the Irish Sea from a group of Danish pension funds, it said on Monday. Octopus bought the stake from AIP Management, the investment manager for Danish pension funds PKA and PFA, it said without providing financial details … Continue reading Octopus Energy buys 12.5% stake in UK offshore wind farm
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Iberdrola sets out £12bn investment plan at UK Global Investment Summit
Over the past 15 years Iberdrola, the largest electricity company in Europe and one of the two largest worldwide, has invested close to £30bn in the UK’s electricity grid and renewable generation capacity. Its ScottishPower business was the first UK integrated utility to generate 100% green electricity. At the UK Global Investment Summit in London, hosted … Continue reading Iberdrola sets out £12bn investment plan at UK Global Investment Summit
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Vestas is awarded a 43 MW wind power project in Germany
Vestas has received a firm order from SAB WindTeam GmbH for the Bockenem wind farm in Lower Saxony, Germany. The order consists of seven V162-6.2 MW wind turbines and includes the supply, delivery and commissioning of the wind turbines. Upon completion, Vestas will service the turbines under a 25-year Active Output Management 5000 (AOM 5000) … Continue reading Vestas is awarded a 43 MW wind power project in Germany
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Wind energy in the Great Lakes
Offshore wind power projects in the Great Lakes region have faced significant obstacles in their development over the past decade, despite the presence of strong winds that make the area ideal for these types of projects. While the potential for clean, renewable energy generation is evident, local opposition and infrastructure challenges have hampered progress. Opposition … Continue reading Wind energy in the Great Lakes
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Wind energy ports call for stronger political will and support for the offshore sector
Port Esbjerg and the other wind ports of the Offshore Wind Port Alliance are now calling for stronger political commitment and more support for the offshore sector. “If we are to successfully deliver on the ambitious targets for offshore wind, it’s crucial that politicians across Europe recognise and support our efforts to develop additional port … Continue reading Wind energy ports call for stronger political will and support for the offshore sector
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