BayWa r.e. has announced its entry to the Finnish wind market by signing a transaction for a 50% stake in a joint venture with Exilion, a Finnish investment company that specialises in real estate and renewable energy investments. Both companies will develop and invest into the Karhakkamaa wind farm project, which will consist of 48 … Continue reading BayWa r.e. enters Finnish wind market and becomes joint venture owner with Exilion for 350 MW wind project
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Ørsted’s Board of Directors approved the interim report for the first nine months of 2022.
EBITDA excluding new partnerships increased by 3.8 billion and amounted to DKK 14.4 billion. Net profit amounted to DKK 15.3 billion, and return on capital employed (ROCE) came in at 24 %. We have increased our full-year EBITDA guidance with DKK 1 billion to DKK 21-23 billion excluding earnings from new partnerships during the year, … Continue reading Ørsted’s Board of Directors approved the interim report for the first nine months of 2022.
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Clean Energy Industry Poised to Capitalize on IRA Passage, but Lingering Policy Issues Lead to Slowest Quarter In 3 Years
Quarterly wind installations fell 78% while solar installations dropped 23%, as 14 gigawatts of project delays mounted during the quarter. While the clean energy industry celebrated the August passage of the Inflation Reduction Act (IRA), the largest clean energy investment in U.S. history, policy challenges continued to limit clean power growth in the third quarter, … Continue reading Clean Energy Industry Poised to Capitalize on IRA Passage, but Lingering Policy Issues Lead to Slowest Quarter In 3 Years
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Ocean Winds, Mainstream and ESB boost floating wind power in Scotland
Ocean Winds, Mainstream Renewable Power and ESB have signed seabed lease agreements with Crown Estate Scotland for the development of three floating offshore wind farms off the Shetland Islands in Scotland that are expected to generate 2.8 GW of power. The three projects include the 1.8 GW offshore wind farm from Ocean Winds and Mainstream, … Continue reading Ocean Winds, Mainstream and ESB boost floating wind power in Scotland
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Economic report demonstrates how RWE’s Pembroke Net Zero Centre can benefit Wales
At the site of the existing Pembroke Power Station, RWE will deploy new technologies including green hydrogen, carbon capture, large-scale battery storage and floating offshore wind from the Celtic Sea, coming together under a single project ‘Pembroke Net Zero Centre’ (PNZC). A new report commissioned by RWE by Max Munday, Cardiff Business School, demonstrates the … Continue reading Economic report demonstrates how RWE’s Pembroke Net Zero Centre can benefit Wales
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Nordex wins a 48 MW wind power order in Poland
Wind energy sp. zoo. has placed an order with the Nordex Group for the supply and installation of 16 N117/3000 wind turbines for the 48 MW “Nozdrzec” wind farm. The company is a subsidiary of Yevuley Shemesh (YVS) Renewable Energy Ltd., which operates in the field of renewable energy and is headquartered in Israel. The … Continue reading Nordex wins a 48 MW wind power order in Poland
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Nordex generates more than 500 jobs in the Northeast through wind power towers
Nordex generates more than 500 jobs in the Northeast through wind power towers and presents wind turbines with unprecedented power during Brasil Windpower 2022.Brazil Windpower brings big names in the wind energy sector, and Nordex talks about its extensive presence in Brazil and job creation Brazil Windpower 2022 brought, in its 13th edition, big names … Continue reading Nordex generates more than 500 jobs in the Northeast through wind power towers
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Vestas – Interim Financial Report, Third Quarter 2022
Quarterly revenue of EUR 3.9bn with an EBIT margin before special items of (3.2) percent. Continued strong wind turbine backlog of EUR 18.1bn despite lower order intake. Full-year guidance adjusted. In the third quarter of 2022, Vestas generated revenue of EUR 3,913m – a decrease of 29 percent compared to the year-earlier period. EBIT before … Continue reading Vestas – Interim Financial Report, Third Quarter 2022
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BOEM designates two areas for offshore wind in the Gulf of Mexico
The Bureau of Ocean Energy Management (BOEM) has finalised two wind energy areas (WEAs) for offshore windfarms in the Gulf of Mexico, with the potential to produce enough clean wind energy to power nearly 3M homes. The first WEA is located approximately 24 nautical miles (nm) off the coast of Galveston, Texas. The area totals … Continue reading BOEM designates two areas for offshore wind in the Gulf of Mexico
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Consortium breaks ground for 500-megawatt onshore wind farm in Egypt
The project is being developed by the Orascom Construction, Toyota Tsusho/Eurus Energy Holdings and ENGIE consortium on Build-Own-Operate basis. A consortium of Egypt’s Orascom Construction, France’s ENGIE and Japan’s Toyota Tsusho/Eurus Energy Holdings have announced a new 500-megawatt (MW) onshore wind farm project in Ras Gharib on the Gulf of Suez. The same consortium had … Continue reading Consortium breaks ground for 500-megawatt onshore wind farm in Egypt
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ACP Statement on BOEM Designating Two Wind Energy Areas in the Gulf of Mexico
The American Clean Power Association (ACP) issued the following statement from Josh Kaplowitz, ACP?Vice President for Offshore Wind, after the Bureau of Ocean Energy Management (BOEM) designated two wind energy areas in the Gulf of Mexico: “BOEM’s announcement is a crucial step in developing offshore wind in the Gulf of Mexico and will bring clean … Continue reading ACP Statement on BOEM Designating Two Wind Energy Areas in the Gulf of Mexico
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The Clean Energy Industry’s Commitment to Bat Conservation
Bats are normally considered just another part of Halloween. But the scariest thing about bats is what the world would look like if they no longer existed. Often misunderstood as a species, bats play a crucial role in a healthy, thriving ecosystem. Bats serve as natural pest control and eat many kinds of insects, including … Continue reading The Clean Energy Industry’s Commitment to Bat Conservation
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Behaviour of wind energy production compared to the previous week varied from market to market
Solar energy defies autumn and production increases in European markets. In the fourth week of October, solar energy production increased compared to the previous week in all analysed European markets. The largest increase of 21% was registered in the Spanish market, followed by a 19% increase in the Portuguese market. In the French and German … Continue reading Behaviour of wind energy production compared to the previous week varied from market to market
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IRENA Rolls Out Indonesian Energy Transition Roadmap
As climate concerns mount, and the world looks to gather in Egypt at COP27 in early November to deliver a collective response to the crisis, a new report outlines a comprehensive energy roadmap for accelerating renewable energy and energy transition resources in Indonesia. A collaboration between the International Renewable Energy Agency (IRENA) and the Indonesian … Continue reading IRENA Rolls Out Indonesian Energy Transition Roadmap
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Low wind turbine orders call for step change in Europe’s energy security strategy
Wind turbine orders in Q3 2022 fell by 36% compared with Q3 2021. Europe urgently needs to solve permitting and strengthen its wind energy supply chain. Inflationary cost pressures, slow permitting and uncertainty around the EU’s emergency electricity market interventions are stalling orders for new wind turbines. WindEurope tracked orders for new wind turbines with … Continue reading Low wind turbine orders call for step change in Europe’s energy security strategy
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X1 Wind successfully installs floating wind platform in Spain
X1 Wind’s floating platform has been successfully installed at the PLOCAN test site in the Canary Islands. As summer trade-winds abated, a suitable weather window allowed X1 Wind and partners from the EU-backed PivotBuoy Project to complete the installation process, connecting the fully-functional floating wind prototype to the mooring system and dynamic cable pre-installed last … Continue reading X1 Wind successfully installs floating wind platform in Spain
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Rising Renewable Costs: How Significant?
Renewable energy is experiencing a rare trend. Costs have increased in 2022 for the first time since the 2007-08 commodity price boom, finds Energy Intelligence’s latest report on the cost of electricity generation. Commodity prices have now stabilized but rising interest rates may add another layer of cost increases and further penalize renewables in the … Continue reading Rising Renewable Costs: How Significant?
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World Energy Outlook 2022 shows the global energy crisis can be a historic turning point towards a cleaner and more secure future
The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest edition of the IEA’s World Energy Outlook. Today’s energy crisis is delivering a shock of unprecedented breadth and complexity. … Continue reading World Energy Outlook 2022 shows the global energy crisis can be a historic turning point towards a cleaner and more secure future
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We face an abyss of irreversible climate consequences, says IRENA DG
The International Renewable Energy Agency (IRENA) kicked off its twenty-fourth Council meeting today in Abu Dhabi. The biannual two-day meeting, chaired this year by Uruguay, gathers more than 400 delegates from 108 countries to discuss the world’s energy transition ahead of the annual UN Climate Change Conference (COP27) in Sham el-Sheikh, Egypt. “We are staring … Continue reading We face an abyss of irreversible climate consequences, says IRENA DG
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European electricity markets prices among the lowest in several months due to the fall in gas prices and the increase in wind energy
In the week of October 17, European electricity markets prices decreased compared to the previous week, except in the case of the Nord Pool market. This trend continued in the first days of the fourth week of October. The drop in gas prices and the increase in wind energy production favoured this drop in prices. As … Continue reading European electricity markets prices among the lowest in several months due to the fall in gas prices and the increase in wind energy
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