Today’s proposed Senate tax reform bill honors the 2015 bipartisan phase out terms for the wind energy Production Tax Credit (PTC). The PTC has been used to enable tens of billions in capital investment in rural America and to support tens of thousands of manufacturing and construction jobs spanning all 50 states. In 2015, the … Continue reading Senate tax reform bill would keep promise to US wind energy workers and rural America
Continue readingMonthly Archives: November 2017
IEA: Dramatic Drop in Fossil Fuel Investment Since 2014
Investment in new renewables-based power capacity, at $297 billion, remained the largest area of electricity spending, despite falling back by 3%. Renewables investment was 3% lower than five years ago, but capacity additions were 50% higher and expected output from this capacity about 35% higher, thanks to declines in unit costs and technology improvements in solar … Continue reading IEA: Dramatic Drop in Fossil Fuel Investment Since 2014
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MidAmerican will spend $1 billion ‘repowering’ oldest wind turbines
Using a massive crane and ropes, about a half dozen men carefully shift a 13,450-pound wind turbine blade until its steel poles match up with holes in a massive hub, slowly sliding in. The “stabbing” takes about a half hour — the growing wind speed Wednesday made the process trickier than normal, says Spencer Moore, MidAmerican Energy’s vice president of … Continue reading MidAmerican will spend $1 billion ‘repowering’ oldest wind turbines
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$25.38/MWh bid sets new record low for 24/7 block mixing wind and solar at Chile Tender
Verano Capital, an American project developer headquartered in Santiago, announced today that the 47 MW solar project they initially developed was selected in Chile’s latest energy tender with a winning bid at $25.38/MWh, the lowest 24/7 block price combining solar and wind ever recorded in the history of energy tenders. The winning bid was offered … Continue reading $25.38/MWh bid sets new record low for 24/7 block mixing wind and solar at Chile Tender
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Deal struck in carbon market reforms
Negotiators from the Council, the European Parliament and Commission last night reached a ‘provisional political deal’ on reforming Europe’s Emissions Trading System (ETS) for the next decade. A compromise was struck late in the night, according to which the so-called Modernisation Fund can no longer support financing for coal. An exemption was made for district … Continue reading Deal struck in carbon market reforms
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WindEurope commends targets for electric vehicle
WindEurope today commended proposals in the European Commission’s Clean Mobility Package that call for 30% of new car sales to be zero emission vehicles by 2030. Carmakers exceeding this target will be rewarded with credits they can use to meet their CO2 reduction targets. But the Commission’s proposals fall short of imposing penalties for carmakers … Continue reading WindEurope commends targets for electric vehicle
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In the third quarter of 2017, Vestas generated revenue of EUR 2,743m
Compared to the third quarter of 2016, revenue and earnings decreased, but remain at a healthy level. Free cash flow increased compared to last year’s third quarter due to favourable working capital movements. Solid order intake in the quarter, and combined order backlog at high level. Guidance for 2017 adjusted. In the third quarter of … Continue reading In the third quarter of 2017, Vestas generated revenue of EUR 2,743m
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Rovco wins three-year Gwynt y Môr wind farm contract
UK subsea company Rovco has been awarded a three-year contract to support one of the world’s largest offshore windfarms, Gwynt y Môr, which lies eight miles off the coast of North Wales in the UK. Rovco will be providing its ground breaking underwater ROV 3D visual survey solution, alongside traditional video, blueview sonar and cathodic … Continue reading Rovco wins three-year Gwynt y Môr wind farm contract
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Flurry of new deals a vote of confidence for Power Purchase Agreements
A flurry of corporate renewable Power Purchase Agreements (PPAs) have been inked in recent weeks, providing major corporates with clean, reliable and competitively-priced power. The deals combine for a total of over 1 GW contracted in the last two weeks. Today the Norwegian aluminium company, Norsk Hydro, announced a long-term PPA with Swedish wind power … Continue reading Flurry of new deals a vote of confidence for Power Purchase Agreements
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Teesside business secures contracts in offshore wind energy
North East fabrication and engineering powerhouse – Francis Brown – is making its mark in the global offshore wind sector following a series of prestigious contract wins. Based in Stockton on Tees, the company has successfully secured contracts with major fabrication specialist BiFab to deliver Boat Landing Access Equipment and global supplier of subsea equipment … Continue reading Teesside business secures contracts in offshore wind energy
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Strong winds blow away records across the U.S.
Fall is in full swing, and that’s great news for wind power. Over the past two weeks, wind farms harnessed strong seasonal winds to deliver new wind energy generation and penetration records across the U.S. These new records are not just a testament to the strong growth of wind power in recent years– they also … Continue reading Strong winds blow away records across the U.S.
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GE and Green Investment Group to Deliver 650 MW of Onshore Wind Energy to Sweden
GE Renewable Energy to provide 179 of its 3.6-137 wind turbines to Markbygden ETT wind farm, currently the largest single site onshore wind installation to be delivered in Europe. Green Investment Group and GE Energy Financial Services partner as 50/50 equity investors to acquire the project from Svevind and raise remaining capital from debt markets.Landmark … Continue reading GE and Green Investment Group to Deliver 650 MW of Onshore Wind Energy to Sweden
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Puerto Rico Sets Goal for 25% of Energy to Come from Renewables
Puerto Rico Gov. Ricardo Rossello announced on Monday his intention for the island to “take the plunge” and generate between 20-25 percent of its electricity from renewable energy. The governor made the announcement at a joint press conference with the island’s non-voting representative in the US Congress, Jennifer Gonzalez, upon the visit of a delegation … Continue reading Puerto Rico Sets Goal for 25% of Energy to Come from Renewables
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Siemens Gamesa obtains revenues of €11 billion with an EBIT margin of 7% in FY17
Siemens Gamesa Renewable Energy today presented its results. Regarding fiscal year 2017(1), revenue increased by 5% to €10,964 million, while underlying EBIT was €774 million (-18%) with an EBIT margin of 7%. Between April and September, revenues fell 12.3% while underlying EBIT came to €192 million(2) (-63.4%) with an EBIT margin of 3.8%. These results … Continue reading Siemens Gamesa obtains revenues of €11 billion with an EBIT margin of 7% in FY17
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India to see 6 GW of wind power auctioned in 5 months
Inox Wind Limited, the most aggressive player in bidding for new wind power projects, said it expects almost 6 GW of new wind power projects to be auctioned in India over the next five months. In comparison, the country added 5.4 GW of wind power capacity on the ground in the last financial year that … Continue reading India to see 6 GW of wind power auctioned in 5 months
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ACCIONA will double its operational renewables capacity in Latin America in three years
ACCIONA Energía will easily double its renewable energy capacity in Latin America to over 2,000 megawatts (MW) by 2020, all owned and operated by the company. This was highlighted today in the opening ceremony for the El Romero Solar photovoltaic plant in the Atacama Desert (Chile), a 246 MWp capacity facility – the biggest in … Continue reading ACCIONA will double its operational renewables capacity in Latin America in three years
Continue readingWind energy industry in India worried about tariff crash
After a steep fall in solar power prices in India, it is now the turn of wind energy. During an auction conducted last week by the state-run Solar Energy Corporation of India for 1,000 megawatts of wind power installations, tariffs fell to a new low of Rs 2.64 per unit, down 24% from even the … Continue reading Wind energy industry in India worried about tariff crash
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Concentrated Solar Power Could Provide the Flexibility and Reliability the U.S. Electric Grid Needs
Every day our power needs fluctuate causing grid operators to make quick decisions to balance the grid. This can happen on hot summer days when people are turning on their air conditioners or in the middle of winter when they crank up the heat. Either way, grid operators must find a way to meet rapid … Continue reading Concentrated Solar Power Could Provide the Flexibility and Reliability the U.S. Electric Grid Needs
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US renewable energy booms despite Trump policy moves
Renewable energy continues to grow in the US, despite US President Donald Trump’s moves to dismantle clean power, deregulate industry and promote fossil fuels like coal, experts say. Five months after Trump declared that the US would withdraw from the 2015 Paris climate accord, the Republican leader continues to unravel the environmental legacy of his … Continue reading US renewable energy booms despite Trump policy moves
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China Shenhua Group Buys Wind Energy in Greece
China’s state-owned coal and power giant Shenhua Group is entering the Greek green-energy market, investing in several wind farms developed by a major local player. Shenhua bought 75% of the shares of four wind parks developed by Greek investment firm Copelouzos Group. The parks are either in operation or under construction, Copelouzos said in a … Continue reading China Shenhua Group Buys Wind Energy in Greece
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