Estonia, a small Baltic nation in Northern Europe, has been making significant strides in harnessing the power of the Baltic Sea to generate clean, renewable energy. The country’s wind energy potential is immense, and the government has been actively promoting the development of wind power projects to reduce its dependence on fossil fuels and achieve … Continue reading Estonia’s Wind Energy Potential
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Offshore wind power boosts economy in Whitehaven, UK
A beautiful seaside town in one of the least economically productive parts of the UK has the potential to see its economy change with the installation of offshore wind farms. Whitehaven, located in Copeland near the Lake District, is hopeful the new green scheme can give them the boost they need, and local fishermen will … Continue reading Offshore wind power boosts economy in Whitehaven, UK
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The Future of Offshore Wind Power in Belgium
Belgium, a country known for its picturesque landscapes and rich history, is now making headlines for its commitment to renewable energy, particularly offshore wind energy. This commitment has placed Belgium at the forefront of the global transition towards cleaner, more sustainable energy sources. Offshore wind energy, a form of power generation that involves installing wind … Continue reading The Future of Offshore Wind Power in Belgium
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Potential of Offshore Wind Energy in Norway
Norway, a country known for its abundant natural resources and breathtaking landscapes, has long been a leader in the renewable energy sector. With a strong commitment to sustainability and a rich history of hydropower production, it comes as no surprise that the Scandinavian nation is now turning its attention to offshore wind energy. As the … Continue reading Potential of Offshore Wind Energy in Norway
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Masdar joins Iberdrola to co-invest in the Baltic Eagle wind farm in Germany
The Baltic Eagle offshore wind farm, which has a capacity of 476 MW, is valued at €1.6 billion according to the terms of the deal · Iberdrola reaffirms its commitment to offshore wind leadership, with 3,000 MW of projects under construction or secured with zero seabed costs· Masdar strengthens existing global wind portfolio amid plans to … Continue reading Masdar joins Iberdrola to co-invest in the Baltic Eagle wind farm in Germany
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Iberdrola invested 10,554 million in the last 12 months
Highlights Second increase in FY 2023 Outlook Financial strength Strategic Plan Execution Commenting on the results, Ignacio Galán, Executive Chairman of Iberdrola, said: “We continue accelerating in the execution of our Strategic Plan, with investments of more than 10.5 billion euros in the last 12 months, to achieve a Networks Asset Base of 40 billion … Continue reading Iberdrola invested 10,554 million in the last 12 months
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Global Wind Power Capacity Reaches 1 Terawatt
A major milestone has been reached in the global clean energy sector. In June, the capacity of global installed wind power reached 1 terawatt, surpassing expectations by the Global Wind Energy Council (GWEC). This achievement, which was 40 years in the making, is a significant step towards a clean energy future. The journey towards this … Continue reading Global Wind Power Capacity Reaches 1 Terawatt
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Japan’s Net Zero Goal Requires 689GW of Solar and Wind Power by 2050
According to a study conducted by BloombergNEF (BNEF), Japan will need to have a total installed capacity of 689GW for solar and wind power generation by 2050 in order to reach its net zero goal. The study outlines BNEF’s net zero scenario, which details the breakdown of power generation in Japan. It states that solar … Continue reading Japan’s Net Zero Goal Requires 689GW of Solar and Wind Power by 2050
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Maine’s Offshore Wind Program to Meet Clean Energy Goals and Power 900K Homes
Maine is set to launch an offshore wind program that will contribute to clean energy initiatives and generate enough power to meet the needs of approximately 900,000 homes. The recently endorsed legislation calls for the issuance of requests for proposals to obtain 3,000 megawatts of electricity from offshore wind turbines by 2040. This amount of … Continue reading Maine’s Offshore Wind Program to Meet Clean Energy Goals and Power 900K Homes
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Accelerating the energy transition towards photovoltaic and wind in China
China’s goal to achieve carbon (C) neutrality by 2060 requires scaling up photovoltaic (PV) and wind power from 1 to 10–15?PWh?year?1 (refs.?1,2,3,4,5). Following the historical rates of renewable installation1, a recent high-resolution energy-system model6 and forecasts based on China’s 14th Five-year Energy Development (CFED)7, however, only indicate that the capacity will reach 5–9.5?PWh?year?1 by 2060. … Continue reading Accelerating the energy transition towards photovoltaic and wind in China
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Masdar joins Iberdrola to co-invest in the Baltic Eagle wind farm in Germany
Masdar, the UAE’s flagship renewable energy company, has signed a strategic agreement with Iberdrola, a global clean energy leader, to co-invest in the 476-megawatt (MW) Baltic Eagle offshore wind farm in the German Baltic Sea. Iberdrola will retain a majority 51% stake in the asset, which will help to accelerate green energy security in Europe. … Continue reading Masdar joins Iberdrola to co-invest in the Baltic Eagle wind farm in Germany
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Germany increased installed offshore wind capacity by 3.1% to 8,385 megawatts
Germany increased installed offshore wind capacity by 3.1% to 8,385 megawatts (MW) in the first half of 2023, industry lobbyists said on Tuesday, demanding better revenue guarantees to maintain a pace of development and ensure it reaches the 30,000 MW target by 2030. Wind power is central to Germany’s transition to renewables, as Berlin aims … Continue reading Germany increased installed offshore wind capacity by 3.1% to 8,385 megawatts
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Ørsted divests its remaining 25 % share of London Array to funds managed by Schroders Greencoat
Ørsted has signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets, to divest its remaining 25 % minority interest in the London Array Offshore Wind Farm in the UK. The total value of the transaction is GBP 717 million (DKK 6.17 billion). London Array … Continue reading Ørsted divests its remaining 25 % share of London Array to funds managed by Schroders Greencoat
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Ignacio Galán reaffirms commitment to invest in the USA at Avangrid’s General Shareholders’ Meeting
News Back 20/07/2023 Ignacio Galán reaffirms commitment to invest in the USA at Avangrid’s General Shareholders’ Meeting Ignacio Galán, Executive Chairman of Iberdrola, during the Avangrid 2023 Annual Shareholder Meeting. Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that shareholders overwhelmingly approved all presented proposals at … Continue reading Ignacio Galán reaffirms commitment to invest in the USA at Avangrid’s General Shareholders’ Meeting
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The Challenges and Potential of Offshore Wind Energy in the United States
Offshore wind energy has become a hot-button issue in the United States, but the country still lags behind Europe and China in terms of clean wind energy capacity. President Joe Biden has set a goal of 30 gigawatts of offshore wind power by 2030, but the industry has faced years of delays and obstacles. One … Continue reading The Challenges and Potential of Offshore Wind Energy in the United States
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Work Paused on Norfolk Offshore Wind Farm as Costs Soar
Work on one of the UK’s largest offshore wind farms, the Norfolk Boreas site, has been halted due to soaring costs, according to Swedish energy company Vattenfall. The government aims to double wind capacity by 2030 and achieve net zero emissions by 2050, making the decision a significant setback for the renewable energy industry in … Continue reading Work Paused on Norfolk Offshore Wind Farm as Costs Soar
Continue readingHow Wind Energy is Driving the Next Tech Revolution
Wind energy, a renewable source of power, is poised to be at the forefront of the next technological revolution. This clean, abundant, and sustainable energy source is increasingly being harnessed to meet the world’s growing energy demands. As the global community continues to grapple with the challenges of climate change and environmental degradation, wind energy … Continue reading How Wind Energy is Driving the Next Tech Revolution
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BASF and Mingyang form joint venture for offshore wind power in south China
BASF and Mingyang form joint venture for offshore wind farm in southern China.BASF and Mingyang agreed to jointly build and operate an offshore wind farm in southern China and formed a joint venture named Mingyang BASF New Energy (Zhanjiang) Co., Ltd.Mingyang will have 90 percent and BASF 10 percent of the shares. The wind farm … Continue reading BASF and Mingyang form joint venture for offshore wind power in south China
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Biden Announces Offshore Wind Project in Philadelphia
President Joe Biden visited Philadelphia on Thursday to promote clean energy and announce a new project for city workers. The focus of Biden’s visit was offshore wind generation and its potential to create job opportunities. During his visit to the Philly Shipyard, Biden announced that they will be building a first-of-its-kind ship called The Acadia, … Continue reading Biden Announces Offshore Wind Project in Philadelphia
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Agreement on the sale of Hornsea 2 transmission assets
Breesea Limited, Soundmark Wind Limited, and Sonningmay Wind Limited, a joint venture owned by Ørsted (50 %) and AXA IM Alts and Crédit Agricole Assurances (CAA) (jointly 50 %), today announced that they have signed an agreement on the sale of their transmission assets to Diamond Transmission Partners Hornsea Two Limited (‘DTP’).DTP is a partnership … Continue reading Agreement on the sale of Hornsea 2 transmission assets
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