Ørsted has completed the divestment of 50 % of the Gode Wind 3 offshore wind farm to funds managed by Glennmont Partners from Nuveen. Gode Wind 3 has a capacity of 253 MW and was awarded to Ørsted in 2017 and 2018 as two separate projects with a weighted average feed-in tariff of EUR 81 … Continue reading Ørsted completes divestment of 50 % of Gode Wind 3
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Vattenfall and BASF to partner on German offshore wind power plants Nordlicht 1 and 2
Vattenfall and BASF are in advanced and exclusive discussions to partner on the Nordlicht 1 and 2 projects through a sale of 49 percent of the project shares to BASF. Both parties signed a Memorandum of Understanding to formally express their joint ambition. Vattenfall will use its share of the fossil free electricity to supply … Continue reading Vattenfall and BASF to partner on German offshore wind power plants Nordlicht 1 and 2
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Are the West’s “big three” able to cope with the huge growth in offshore wind power?
The rapid growth of offshore wind has raised questions about the ability of the industry’s “big three” Western wind turbine companies, namely Siemens Gamesa, Vestas and GE Renewable Energy, to keep up with demand. This article examines the current status of these companies and their readiness to meet the needs of offshore wind expansion. As … Continue reading Are the West’s “big three” able to cope with the huge growth in offshore wind power?
Continue readingEIB and Ørsted sign €400M loan to finance new wind energy production in Denmark
The European Investment Bank (EIB) and Ørsted have signed a €400 million framework loan agreement to finance new wind power production. By supporting Europe’s transition to electricity from renewables, the agreement aligns with the goals of the RePowerEU initiative.“We’re delighted to continue our longstanding partnership with Ørsted — as this is our fifteenth joint project,” … Continue reading EIB and Ørsted sign €400M loan to finance new wind energy production in Denmark
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TotalEnergies signs investment agreement for wind energy project in Kazakhstan
TotalEnergies has announced the signing of an investment agreement for the Mirny wind energy project in Kazakhstan. This project aims to develop a wind power plant in the Mirny region, which is expected to generate clean, renewable energy to supply thousands of homes in the country. The investment agreement has been signed between TotalEnergies and … Continue reading TotalEnergies signs investment agreement for wind energy project in Kazakhstan
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OX2 has handed over the Marhult wind farm in Sweden to Octopus Energy Generation
OX2 has handed over the Marhult wind farm in Uppvidinge municipality, Sweden, to Octopus Energy Generation. The wind farm comprises 7 wind turbines with a total installed capacity of 32 MW. OX2 and Octopus Energy Generation signed a contract to construct the Marhult wind farm in February 2022. The yearly production is estimated to be … Continue reading OX2 has handed over the Marhult wind farm in Sweden to Octopus Energy Generation
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GLOBAL CLIMATE TARGETS UNDER THREAT WITHOUT A SECURE WIND ENERGY SUPPLY CHAIN
New report outlines route for global supply chain resilience and growth, based on industry and government cooperation DOWNLOAD THE REPORT HERE Bottlenecks in the global wind industry supply chain could leave the world with only three-quarters of the wind energy installations needed for a 1.5°C pathway by 2030, i.e. a 650 GW gap to meet … Continue reading GLOBAL CLIMATE TARGETS UNDER THREAT WITHOUT A SECURE WIND ENERGY SUPPLY CHAIN
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New strategies to achieve renewable energy goals for 2030
Renewable energy capacity must triple by 2030 to meet the climate goals set out in the Paris Agreement. This means that solar photovoltaic (PV) and wind power will need to be the main drivers of this growth. India has already made significant progress in increasing its solar capacity, increasing it 35-fold in recent years. Furthermore, … Continue reading New strategies to achieve renewable energy goals for 2030
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China’s wind, solar and hydropower capacity exceeds 1.4 TW
China has become a global leader in renewable energy with total installed capacity exceeding 1.4 TW, a milestone that shows the country’s commitment to renewable energy. China’s National Energy Administration (NEA) announced last week that renewable energy now accounts for approximately 49.9% of the country’s total electricity generation capacity. According to the NEA, this impressive … Continue reading China’s wind, solar and hydropower capacity exceeds 1.4 TW
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Vestas and DTEK sign MOU on Ukraine’s largest wind energy project
Vestas and DTEK today signed a Memorandum of Understanding (MOU) at COP28 to collaborate on the construction of the second phase of the Tyligulska wind farm in the southern part of Ukraine. The agreement outlines the conditions and desire to build the 384 MW second phase of the Tyligulska wind project. The first phase of … Continue reading Vestas and DTEK sign MOU on Ukraine’s largest wind energy project
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Colombia will hold offshore wind energy auction
Colombia is making significant changes to the terms of its upcoming offshore wind auction to attract a broader group of bidders, according to Energy Minister Andrés Camacho. The revised rules, which will be officially announced at the COP28 climate meeting in Dubai, aim to address concerns raised by companies and industry groups about the initial … Continue reading Colombia will hold offshore wind energy auction
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Solar Power Poised to Dominate Global Renewable Energy Market
Solar power is set to emerge as the leading choice in renewable energy development worldwide by the end of this year, as increasing installation costs of other technologies drive up their prices. According to a report by Fitch Solutions, global renewable energy capacity is projected to expand by approximately 380 gigawatts (GW) in 2023, with … Continue reading Solar Power Poised to Dominate Global Renewable Energy Market
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Ethiopia partners with AMEA Power for wind energy project
Ethiopia has taken a significant step towards achieving its renewable energy goals with the signing of an agreement with AMEA Power, a recognized player in the renewable energy sector. The deal involves the construction of a 300-megawatt wind farm, known as the Aysha project, which upon completion will serve as the country’s largest wind power … Continue reading Ethiopia partners with AMEA Power for wind energy project
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Civil society must not wait for regulation, but lead the transition
“We are seeing a surge in renewableenergy and the substitution of fossil fuels in the electric system is within our grasp. The capitaland technology required are there and available, and the demand and the opportunity inrenewable energy is greater than ever.” said José Manuel Entrecanales, chairman and CEO ofACCIONA, during his involvement today in a … Continue reading Civil society must not wait for regulation, but lead the transition
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The rise of wind turbines in Ireland
In Malachy McKenna’s play The Quiet Land, the characters Eamon and Nashee, two elderly farmers, engage in a heated debate over the decline of lawn mowing and the advent of wind turbines. The picturesque mountains of western Ireland, once dotted with men mowing grass, are now home to impressive wind farms. The contrast between old … Continue reading The rise of wind turbines in Ireland
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Iberdrola and bp pulse launch their fast and ultrafast charging joint venture in Spain and Portugal
Iberdrola and bp pulse proudly announce the formal launch of their joint venture that recently received regulatory authorizations. The new company plans to create the most extensive high speed public charging network in Iberia. The aim is to promote access for all citizens to a reliable, high-speed charging infrastructure and thus helping to remove one … Continue reading Iberdrola and bp pulse launch their fast and ultrafast charging joint venture in Spain and Portugal
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GWEC AND GLOBAL INDUSTRY LEADERS STAND READY TO SUPPORT VIETNAM IN ITS GREEN TRANSITION
The Prime Minister of the Socialist Republic of Vietnam, Pham Minh Chinh officially announced the Resource Mobilization Plan to implement the Political Declaration on establishing the Just Energy Transition Partnership (JETP) yesterday, signalling the country’s determination to deliver on their energy transition goals. The Global Wind Energy Council (GWEC), the Ministry of Planning and Investment … Continue reading GWEC AND GLOBAL INDUSTRY LEADERS STAND READY TO SUPPORT VIETNAM IN ITS GREEN TRANSITION
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Masdar Joins Forces with RWE in £11 billion Investment to Co-develop Massive 3GW Offshore Wind Projects in UK
Masdar joins forces with RWE in £11bn investment to co-develop massive 3GW UK offshore wind projects.UAE clean energy powerhouse Masdar will take a 49 per cent stake in RWE’s 3GW Dogger Bank South (DBS) offshore wind projects, as part of an £11bn investment in the energy sector. UK renewable energy.DBS, one of the world’s largest … Continue reading Masdar Joins Forces with RWE in £11 billion Investment to Co-develop Massive 3GW Offshore Wind Projects in UK
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The potential of offshore wind energy in Atlantic Canada
Atlantic Canada has a unique opportunity to harness the power of offshore wind energy and become a leading player in the transition to green energy with wind turbines. According to a recent report from the Public Policy Forum, Atlantic Canada has the potential to develop 15 gigawatts (GW) of offshore wind, which could generate enough … Continue reading The potential of offshore wind energy in Atlantic Canada
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New wave of wind turbine purchase agreements indicates strong growth in the wind industry
The wind energy industry continues to gain momentum, as evidenced by the recent increase in turbine purchase agreements (TPAs) around the world. According to a report from Windpower Intelligence, the research and data division of Windpower Monthly, ten major TPAs were produced in the month of November alone, further cementing wind power’s position as a … Continue reading New wave of wind turbine purchase agreements indicates strong growth in the wind industry
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