Natural gas provider Tokyo Gas has invested in the offshore wind fund established in October 2022 by UK-based Octopus Energy. The fund specialises in offshore wind investments and comprises a diversified portfolio of investments in offshore wind and development platforms. Tokyo Gas will make an investment commitment of €220m ($238.5m) as a cornerstone investor, with … Continue reading Tokyo Gas invests in $3.8bn Octopus Energy offshore wind fund
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Project Verdant pursues UK’s first H2-powered CTV to support offshore wind sector
A pioneering project – supported by the UK’s national innovation agency, Innovate UK – is aiming to retrofit a CTV (Crew Transfer Vessel) with hydrogen fuel cells, to cut CO2 and NOx emissions while servicing offshore wind farms. Phase 1 of Project Verdant is now underway involving a preliminary design and feasibility study. If the … Continue reading Project Verdant pursues UK’s first H2-powered CTV to support offshore wind sector
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GE Vernova produces first onshore wind turbine at New York facility
Wind Turbine is largest onshore wind turbine manufactured in the US. New wind power facility supported by $50 million investment announced earlier this year. Facility to employ 200 workers, including skilled union operators. GE Vernova’s Onshore Wind business announced today that it has completed the first onshore wind turbine produced on its new wind manufacturing … Continue reading GE Vernova produces first onshore wind turbine at New York facility
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Copenhagen Infrastructure Partners starts construction of Canada’s largest onshore wind power project
Buffalo Plains is expected to be fully operational by December 2024 and will, once completed, be the largest onshore wind farm constructed in Canada. Copenhagen Infrastructure Partners (CIP), on behalf of its Copenhagen Infrastructure IV (CI IV) fund, has begun construction on Buffalo Plains, a 495 MW wind farm consisting of 83 Siemens-Gamesa wind turbines … Continue reading Copenhagen Infrastructure Partners starts construction of Canada’s largest onshore wind power project
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Clean technologies are driving job growth in the energy sector, but skills shortages are an increasing concern
The number of jobs in the global energy sector rose in 2022 as growing investment in clean energy technologies drove demand for new workers in every region of the world, according to a new IEA report that offers a benchmark for employment across all energy industries. The second edition of the World Energy Employment report, which is … Continue reading Clean technologies are driving job growth in the energy sector, but skills shortages are an increasing concern
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Seven groups apply for Norway’s offshore wind tender
Seven groups of energy companies have sought pre-qualification for Norway’s first commercial offshore wind farm tender, the government said on Wednesday, while several others dropped out of the race as soaring costs dampened interest. The tender offers the opportunity to build bottom-fixed wind turbines in the North Sea with a capacity of 1.5 gigawatts, in … Continue reading Seven groups apply for Norway’s offshore wind tender
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Wind energy company Nordex achieves positive EBITDA in the third quarter
Sales of wind turbines grow by 16 percent to 4.5 billion euros in the first nine months of 2023. The EBITDA margin improves to 2.8 percent in the third quarter and reaches -1.5 percent in the first nine months. Installations increase to 2.4 gigawatts in the third quarter. The order book exceeds 10,000 million euros.Nordex … Continue reading Wind energy company Nordex achieves positive EBITDA in the third quarter
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European wind turbine manufacturing is indispensable for energy security and competitive electricity prices
We are very surprised by the latest statement of BASF CEO Martin Brudermüller on the quality of European wind turbines. Other wind farm developers in Europe are happy with the European turbines they have installed and would like to be able to continue sourcing European turbines. EU policymakers have understood the critical importance of its … Continue reading European wind turbine manufacturing is indispensable for energy security and competitive electricity prices
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Indonesia and Powerchina partner to tap 155 GW wind energy potential
Indonesia’s state electricity company PT PLN has announced a strategic partnership with Powerchina International Group Limited to develop the country’s vast wind energy resources, estimated at 155 gigawatts (GW). This collaboration, unveiled Today, aims to propel Indonesia towards its ambitious net zero emissions target by 2060. The Memorandum of Understanding (MoU) signed last week between … Continue reading Indonesia and Powerchina partner to tap 155 GW wind energy potential
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Saudi Arabia Investors to Build Wind Power Plant in Kazakhstan
In a high-level meeting focused on advancing collaborative investment ventures with the Kingdom of Saudi Arabia on Nov. 14, Kazakh Prime Minister Alikhan Smailov revealed plans for the development of a wind power plant boasting a one-gigawatt capacity in the Zhetisu Region, reported the Prime Minister’s press service.Currently in the preparatory stages, the plant’s construction … Continue reading Saudi Arabia Investors to Build Wind Power Plant in Kazakhstan
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German government supports Siemens Energy with $8 bln guarantees
The German government on Tuesday said it had decided to backstop Siemens Energy (ENR1n.DE) with guarantees worth 7.5 billion euros ($8.1 billion) as part of a deal with other stakeholders to help the troubled energy company fulfil its order book. Deepening problems at the firm’s wind turbine unit Siemens Gamesa and a subsequent move by … Continue reading German government supports Siemens Energy with $8 bln guarantees
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Implementing Regulations Can Turn Honduras’ Renewables Ambition into Reality
With abundant renewable energy potential and ambitious target to achieve 80 per cent of renewables share in the power generation by 2038, Honduras is already on the right path to reduce its reliance on fossil fuels. The Renewables Readiness Assessment: Honduras by the International Renewable Energy Agency (IRENA) identifies the need to have current energy … Continue reading Implementing Regulations Can Turn Honduras’ Renewables Ambition into Reality
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The synergy between wind energy and pumped storage hydroelectric power plants storage
Weekly and monthly analysis of the consumption of pumped storage hydroelectric power plants shows that wind energy plays a crucial role in the volume of energy consumed by pumping. The complementarity between pumped storage, batteries and seasonal storage places pumped storage power plants in a strategic place in the energy transition. The factor of wind … Continue reading The synergy between wind energy and pumped storage hydroelectric power plants storage
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Vattenfall supplies first power from Denmark’s next offshore wind farm
The wind farms will consist of 20 and 21 wind turbines, respectively, with a capacity of 8.4 MW each.On 10 November, the first power from Vattenfall’s offshore wind farm Vesterhav Syd was supplied to the Danish power grid. It was a culmination of almost seven years’ work on the wind farm, when the blades of … Continue reading Vattenfall supplies first power from Denmark’s next offshore wind farm
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Vestas wins order for 67 MW of wind power in Sweden
Vestas has received a firm order from Vattenfall Vindkraft AB, part of the Vattenfall AB group, for the 67 MW Velinga wind farm in Sweden. The order consists of twelve V150-6.0 MW wind turbines in 5.6 MW operational mode and includes the supply, delivery and commissioning of the wind turbines. Upon completion, Vestas will service … Continue reading Vestas wins order for 67 MW of wind power in Sweden
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Van Oord awarded contracts for new offshore wind projects in Baltic Sea and Taiwan
Van Oord has been awarded two new offshore wind projects: Baltic Power in the Baltic Sea and Greater Changhua 2b and 4 in Taiwan. The contracts have a combined value of more than €500 million. Once operational, the two offshore wind farms will deliver renewable energy to approximately 2.5 million households. The Baltic Power offshore … Continue reading Van Oord awarded contracts for new offshore wind projects in Baltic Sea and Taiwan
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Amazon’s renewable energy portfolio is now big enough to power 6.7 million U.S. homes
Amazon announces its first brownfield solar project, which will be built over a reclaimed coal mine site in Maryland, and its first project in South Korea. Amazon has invested in 78 new solar and wind energy projects so far this year, including the company’s first brownfield project—which will repurpose a previously polluted Maryland coal mine … Continue reading Amazon’s renewable energy portfolio is now big enough to power 6.7 million U.S. homes
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High-income countries must reach net zero way before 2050
According to DNV’s Pathway to Net Zero Emissions report, limiting global warming to 1.5°C remains a possibility – but is highly improbable. Drastic measures, and permanent cuts in emissions are necessary to reach net zero in 2050. DNV’s Pathway to Net Zero Emissions report is a companion to the Energy Transition Outlook report and depicts DNV’s most … Continue reading High-income countries must reach net zero way before 2050
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Offshore wind power could meet the Isle of Man’s energy demands
In a promising development for renewable energy, Orsted, a leading company in the sector, has announced plans for a £4bn offshore wind farm that could potentially meet the peak energy demands of the Isle of Man. Seeking public opinions on the proposals, Orsted aims to establish the wind farm in an area off the island’s … Continue reading Offshore wind power could meet the Isle of Man’s energy demands
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New Wind Power System Backed by Bill Gates
Bill Gates, the Microsoft billionaire, has recently invested in Airloom Energy, a company that has developed an innovative wind power system. This investment, led by Gates’ Breakthrough Energy Ventures, provided $4 million in seed funding to support the scaling up of this game-changing technology. The key feature of Airloom Energy’s wind turbine is its unique … Continue reading New Wind Power System Backed by Bill Gates
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