The European Bank for Reconstruction and Development (EBRD) is promoting renewable energy and low?carbon technologies in Egypt by arranging a syndicated loan worth US$ 275 million for the construction and operation of the largest wind farm in Africa. The US$ 275 million syndicated loan to Suez Wind consists of a US$ 200 million A loan … Continue reading EBRD supports the largest onshore wind project in Africa
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BP wins Japanese offshore wind auction
Japan is advancing its national green power initiatives, with Jera Co., Marubeni Corporation, and BP emerging as winners in the latest offshore wind auction.The government has awarded projects totaling approximately 1 gigawatt of capacity. A consortium including Jera will develop a project near Aomori Prefecture, while another consortium with Marubeni and BP will focus on … Continue reading BP wins Japanese offshore wind auction
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Iberdrola completes merger with Avangrid
Iberdrola today completed its merger with US subsidiary Avangrid after acquiring the 18.4% of the shares it did not already control. Avangrid shareholders will receive $35.75 per share, and the company will be delisted from the New York Stock Exchange. The operation was completed after the green light was given by the Federal Energy Regulatory … Continue reading Iberdrola completes merger with Avangrid
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Masdar expands photovoltaic and wind power portfolio in Europe
Masdar has acquired Saeta Yield and partnered with Endesa S.A. in Spain. UAE’s clean energy leader has acquired Saeta, an established renewables platform with an operating portfolio of 745MW of predominantly wind assets, and a 1.6GW development pipeline in Spain and Portugal, for an enterprise value of €1.2 billion.Masdar is also partnering with Endesa in … Continue reading Masdar expands photovoltaic and wind power portfolio in Europe
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The new capacity market, key to battery deployment in Spain
The new capacity market aims to guarantee the security of electricity supply and promote the development of key technologies such as batteries. This market provides a stable source of revenue for energy storage projects, essential for the transition to a more renewable and flexible system. The capacity market is emerging as an essential tool to … Continue reading The new capacity market, key to battery deployment in Spain
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Wind energy takes center stage in the second-to-last week of 2024 and, together with lower demand, drives down electricity market prices across Europe
In the penultimate week of 2024, prices in the main European electricity markets fell, after several weeks of increases. This fall was favored by increased wind energy production and lower electricity demand, associated with cooler temperatures. In addition, solar photovoltaic energy production increased in several markets, and again broke records for a December day in … Continue reading Wind energy takes center stage in the second-to-last week of 2024 and, together with lower demand, drives down electricity market prices across Europe
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Another US offshore wind farm approved as Trump threatens offshore wind
The wind farm is owned by EDP Renewables and Engie.On Friday, US regulators approved the 11th offshore wind farm in the United States. The 2.4 GW Southcoast Wind project, to be built off the coasts of Massachusetts and Rhode Island, has been approved by the Bureau of Ocean Energy Management (BOEM). The project plans involve … Continue reading Another US offshore wind farm approved as Trump threatens offshore wind
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Wind energy project in El Chocón (Argentina) with 31 Vestas wind turbines
A few kilometres from the town, the construction of a wind farm with a capacity of 185 MW is planned.Villa El Chocón could have a new project with the Las Campanas wind energy park. The Akros firm presented an initiative for a 185 MW plant and is currently looking for investors to finance its construction. … Continue reading Wind energy project in El Chocón (Argentina) with 31 Vestas wind turbines
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The new capacity market, key to battery deployment in Spain
The new capacity market aims to guarantee the security of electricity supply and promote the development of key technologies such as batteries. This market provides a stable source of revenue for energy storage projects, essential for the transition to a more renewable and flexible system. The capacity market is emerging as an essential tool to … Continue reading The new capacity market, key to battery deployment in Spain
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Amazon invests in wind power in Greece
Amazon is investing in three new utility-scale wind farms in Greece, its largest renewable energy deal in the country to date. These wind farms will help match the company’s electricity use in the region with carbon-free energy while supporting Greece’s goal of transitioning to more renewable electricity sources. In total, Amazon signed four Power Purchase … Continue reading Amazon invests in wind power in Greece
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China’s largest concentrated solar power project in northwestern Xinjiang connects to State Grid
The 1-million-kilowatt integrated concentrated solar-thermal power (CSP) and photovoltaic (PV) energy demonstration project in Hami, in Northwest China’s Xinjiang Uygur Autonomous Region, has commenced power generation and connected to the State Grid, a spokesperson from the Northwest Electric Power Design Institute of China Power Engineering Consulting Group, the project’s contractor, told the Global Times on … Continue reading China’s largest concentrated solar power project in northwestern Xinjiang connects to State Grid
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China’s wind power installed capacity reached 490 GW
China’s wind power installed capacity sees expansion amid green transition push. China’s installed capacity of wind power has continued to grow as the country accelerates its push for a green transition, official data showed Friday. Wind power installed capacity in the country reached 490 GW at the end of November, rising 19.2% year on year, … Continue reading China’s wind power installed capacity reached 490 GW
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Iberdrola working with Norfolk for its East Anglia Two offshore wind farm
The pre-assembly and load-out of the wind turbines for ScottishPower Renewables £4 billion East Anglia TWO offshore wind farm is set to be carried out on the project’s doorstep after the green energy company selected Peel Ports Great Yarmouth as its port of choice for the pre-assembly works. The companies have signed a reservation agreement … Continue reading Iberdrola working with Norfolk for its East Anglia Two offshore wind farm
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Cheaper electric cars: the key to unlocking mass-market adoption
The transition to electric mobility continues to advance rapidly, reshaping global energy and auto markets. Electric car sales in 2024 are anticipated to be robust, with around 17 million units sold over the course of the year. More than one in five cars sold worldwide this year is expected to be electric. Growth has been … Continue reading Cheaper electric cars: the key to unlocking mass-market adoption
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U.S. Department of Energy Selects 11 Projects to Advance Domestic Manufacturing of Next-Generation Batteries
The U.S. Department of Energy (DOE) today announced an investment of $25 million across 11 projects to advance materials, processes, machines, and equipment for domestic manufacturing of next–generation batteries. These projects will advance platform technologies upon which battery manufacturing capabilities can be built, enabling flexible, scalable, and highly controllable battery manufacturing processes. Batteries are … Continue reading U.S. Department of Energy Selects 11 Projects to Advance Domestic Manufacturing of Next-Generation Batteries
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GE Vernova supplies wind turbine for R&D in Colorado
GE Vernova announces that its Advanced Research Center (ARC) has supplied a 3.4 MW-140 m wind turbine to the National Renewable Energy Laboratory (NREL) as part of a research project funded by the Department of Energy (DOE). This strategic partnership aims to develop key technologies such as advanced sensors, direct DC coupling and battery storage … Continue reading GE Vernova supplies wind turbine for R&D in Colorado
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One year since the European Wind Charter: lots achieved, lots more to do
Today marks the first anniversary of the EU Wind Charter. The Charter committed 26 EU Governments, the EU Commission, and the European wind industry to implement the 15 measures set out in the European Wind Power Package to strengthen Europe’s wind industry. In her 2023 State of the European Union speech, Ursula von der Leyen … Continue reading One year since the European Wind Charter: lots achieved, lots more to do
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EDP awarded with 160MW of capacity contracts for its first storage projects in Poland
EDP Renewables has been awarded with contracts for its two first battery energy standalone storage projects in Poland. The contracts, that will last for a period of 17 years, were granted by the Polish Grid Operator (PSE) in the recent capacity market auction and will amount to a total installed capacity of 160MW. Located in … Continue reading EDP awarded with 160MW of capacity contracts for its first storage projects in Poland
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OX2 acquires Bursjöliden wind farm in northern Sweden
OX2 has acquired Bursjöliden wind farm from RWE. The project Bursjöliden is located in Örnsköldsvik municipality, in the North of Sweden. The project is planned to be integrated into OX2’s portfolio for long-term ownership. The Bursjöliden wind farm is located in the North of Sweden in price area SE2. The project is planned to include … Continue reading OX2 acquires Bursjöliden wind farm in northern Sweden
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NATO determined to protect critical undersea energy infrastructure
Europe wants to build lots more renewables to strengthen its energy security and industrial competitiveness. The geopolitical situation poses new questions around the security of these assets. At its Annual Roundtable on Energy Security NATO confirmed its determination to protect critical energy infrastructure. The war in Ukraine has radically changed the threat landscape across Europe, … Continue reading NATO determined to protect critical undersea energy infrastructure
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