In the first week of June, prices of most European electricity markets fell and some negative prices were registered, thanks to the decrease in demand and prices of gas and CO2, and to the increase of renewable energy production in some cases. However, prices rose in the Nord Pool and MIBEL markets, the latter being … Continue reading European energy markets prices went down in the first week of June
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Nature restoration and wind energy go hand in hand
With its Nature Restoration Law the EU is planning new legislation to restore Europe’s natural ecosystems. The European Commission has proposed binding restoration targets for specific habitats and species. It aims to restore 30% of the EU’s degraded areas, and ultimately all ecosystems in need of restoration by 2050. WindEurope emphatically supports this target. 30% … Continue reading Nature restoration and wind energy go hand in hand
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The rise of China’s solar and power sector and its global dominance
China is rapidly advancing its decarbonization efforts, exceeding expectations and outpacing other countries in clean energy spending. The country’s solar power and electric vehicle sectors are experiencing significant growth, with China set to increase its solar capacity threefold and electric vehicle sales surpassing a third of all vehicle sales.China’s substantial investment in renewable energy has … Continue reading The rise of China’s solar and power sector and its global dominance
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BlueFloat to develop 7.6GW of offshore wind projects in the Philippines
The Philippines has the potential to install 21GW of offshore wind projects by 2040. Bluefloat plans to install floating offshore wind farms in the Philippines. Credit: Spanish offshore wind developer BlueFloat Energy will build a 7.6GW portfolio of offshore wind projects in the Philippines. The portfolio will be divided across four sites: Central Luzon, South … Continue reading BlueFloat to develop 7.6GW of offshore wind projects in the Philippines
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Suzlon becomes first Indian wind energy company to reach 20 GW of worldwide Wind Energy installations
On World Environment Day, Suzlon announces 20 GW* of wind energy installations dedicating the milestone to the vision of late Founder and Chairman, Shri Tulsi Tanti.Suzlon’s 20 GW wind energy installations are through 12,647 wind turbines across 17 countries spanning six continents.Suzlon enjoys 33% of India’s cumulative wind energy installations.Suzlon’s 20 GW wind energy installations … Continue reading Suzlon becomes first Indian wind energy company to reach 20 GW of worldwide Wind Energy installations
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The European wind energy association attacks Ribera’s reform of the electricity market
European wind power generation companies have harshly attacked the electricity market reform project proposed by Spain. The proposal prepared by the Ministry headed by the Vice President of Ecological Transition, Teresa Ribera, and ‘defended’ by the Spanish MEP Nicholas Gonzalez Casares “has proposed useless things,” according to Wind Europe. The wind energy association asks the … Continue reading The European wind energy association attacks Ribera’s reform of the electricity market
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Statkraft AS successfully places EUR 500 million green bond
Statkraft has issued a EUR 500 million senior bond under its EMTN (Euro Medium Term Note) programme. The bond matures in June 2033 and pays a fixed coupon of 3.500%. The transaction was substantially oversubscribed. An equivalent amount to the net proceeds from the bond issue will be used to finance Eligible Projects as specified … Continue reading Statkraft AS successfully places EUR 500 million green bond
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AES completes the first phase of a 454 MW wind farm in Arizona
“Once both phases are complete, Chevelon Butte will be the largest wind power project in Arizona and the first wind farm built in northern Arizona in nearly a decade,” says AES’s Bernerd Da Santos. Da Santos points out that Chevelon Butte Ranch is one of the oldest operating cattle ranches in the state. The wind … Continue reading AES completes the first phase of a 454 MW wind farm in Arizona
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The complex interplay of the energy transition
If one had to list just fifteen factors that will be key to achieving decarbonisation, they would be: wind energy, solar photovoltaic energy, renewable energy demand, green hydrogen, transmission and distribution grids, batteries, pumping, concentrated solar power energy, international interconnections, smart grids, appropriate regulation, biofuels, biomass, CO2 capture and storage, and self-consumption. Each of these … Continue reading The complex interplay of the energy transition
Continue readingRenewable energy production up and demand and prices down in May
The month of May, 2023, was characterised in the European markets by a continuation of the downward trend in electricity demand while wind energy production and photovoltaic energy production continue to grow. This situation, together with a downward trend in gas and CO2 emission rights prices, drove prices down in virtually all electricity markets. Solar … Continue reading Renewable energy production up and demand and prices down in May
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ESB and Ørsted enter partnership in landmark Irish offshore wind agreement
ESB, Ireland’s leading utility, and Ørsted, the world leader in offshore wind, have signed an agreement to jointly develop an Irish offshore wind portfolio in a landmark deal. The agreement was launched this morning in Cork Chamber’s Fitzgerald House by Minister for Enterprise, Trade & Employment, Simon Coveney TD, ESB’s Jim Dollard, and Duncan Clark, … Continue reading ESB and Ørsted enter partnership in landmark Irish offshore wind agreement
Continue readingCutting dependence on China’s renewables supply chain
The US Inflation Reduction Act of 2022 is widely regarded as a game-changer in the drive to net zero. As well as generous tax credits for investment in low-carbon technologies, the IRA outlined aggressive targets and incentives for domestically sourced raw materials and equipment. These promise to propel the US into the lead in the … Continue reading Cutting dependence on China’s renewables supply chain
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Renewable power on course to shatter more records as countries around the world speed up deployment
Global additions of renewable power capacity are expected to jump by a third this year as growing policy momentum, higher fossil fuel prices and energy security concerns drive strong deployment of solar PV and wind power, according to the latest update from the International Energy Agency. The growth is set to continue next year with … Continue reading Renewable power on course to shatter more records as countries around the world speed up deployment
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ENERCON and KALYON Enerji sign a 260 MW wind power contract
Comprises supply & installation of 64 E-138 EP3 wind turbines for projects in Türkiye. ENERCON, a pioneer of onshore wind turbine technologies, and KALYON Enerji, one of the leading investors in the field of renewable energy, have signed a new cooperation for 260 MW within the scope of the YEKA RES-3 project in Türkiye. According … Continue reading ENERCON and KALYON Enerji sign a 260 MW wind power contract
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OX2 sells 27 MW onshore wind farm in Italy
OX2 has signed a contract to sell a 27 MW onshore wind farm in Foggia, Italy, to Glennmont Partners, one of Europe’s largest fund managers focusing exclusively on investments in clean energy infrastructure. This is the first project OX2 divests in Italy. The transaction is expected to be recorded in the third quarter of 2024. … Continue reading OX2 sells 27 MW onshore wind farm in Italy
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Global wind turbine order intake sets Q1 record, increases 27% YOY
Activity driven by new record set in China and growth in US and Latin America. Global wind turbine order intake hit a new Q1 record, with 23.5 gigawatts (GW) of activity, a 27 percent increase year-over-year, according to a new analysis from Wood Mackenzie. Activity was driven by a new Q1 record set in China … Continue reading Global wind turbine order intake sets Q1 record, increases 27% YOY
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RWE sets itself more ambitious climate targets
The creation of a sustainable energy system is at the core of RWE’s corporate strategy. To make the energy transition a success, green energies must be expanded at maximum speed and solutions for decarbonising the energy system must be vigorously pursued. This is the prerequisite for reducing CO2 emissions from power plants, or making them … Continue reading RWE sets itself more ambitious climate targets
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Iberdrola agrees with Norges Bank Investment Management for 1,265 renewable MW in Spain and we are negotiating more than 500 additional MW
Iberdrola has finalised the details of its strategic alliance with the sovereign fund of Norway, managed by Norges Bank Investment Management, to co-invest in 1,265 MW of new renewable capacity in Spain (20% wind and 80% Solar PV). Both companies have today informed the National Securities Market Commission (CNMV) that they have obtained all the legal … Continue reading Iberdrola agrees with Norges Bank Investment Management for 1,265 renewable MW in Spain and we are negotiating more than 500 additional MW
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Iberdrola receives the first shipment of components for the Vineyard Wind wind turbines
Iberdrola is making progress in the construction of Vineyard Wind I, the largest commercial-scale offshore wind farm in the United States. The company has received the first shipment of components for the 62 wind turbines that will make up the farm at the port of New Bedford. Specifically, these are the tower sections, manufactured in … Continue reading Iberdrola receives the first shipment of components for the Vineyard Wind wind turbines
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OX2 and Ingka Investments enter conditional agreement with NKT for delivery and installation of export cables for two offshore wind farms in Sweden
OX2 and Ingka Investments enters into conditional agreement with NKT for delivery and installation of export power cables. NKT’s facility in Karlskrona will deliver the cables for the recently awarded Galene project in Sweden. The agreement also covers the Triton offshore wind farm. The agreement will enable OX2 and Ingka Investments to start realising the … Continue reading OX2 and Ingka Investments enter conditional agreement with NKT for delivery and installation of export cables for two offshore wind farms in Sweden
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