The Baltic Eagle offshore wind farm, which has a capacity of 476 MW, is valued at €1.6 billion according to the terms of the deal · Iberdrola reaffirms its commitment to offshore wind leadership, with 3,000 MW of projects under construction or secured with zero seabed costs· Masdar strengthens existing global wind portfolio amid plans to … Continue reading Masdar joins Iberdrola to co-invest in the Baltic Eagle wind farm in Germany
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Discovering Advancements in Clean Energy Assessment, Reliability and Performance at ACP’s Resource & Technology Conference
Guest post by Rounak Kharait, R&T 2023 Program Co-ChairSr. Director, Solar Energy Onshore Technical AssessmentØrsted Americas The U.S. clean energy industry has entered an exciting era, fueled by policy and supercharged by the urgency of emissions reduction. Alarm bells are sounding globally with higher frequency and greater magnitude extreme weather events such as hurricanes, typhoons, … Continue reading Discovering Advancements in Clean Energy Assessment, Reliability and Performance at ACP’s Resource & Technology Conference
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The Elecnor Group posts a net profit of EUR 47.4 million in the first semester of 2023
The Elecnor Group has ended the first semester of 2023 with a consolidated net profit of EUR 47.4 million, which represents an improvement of 8.2% in relation to the EUR 43.8 million in the same period of the previous year, thereby maintaining the strong momentum of the previous quarter. All the Group’s lines of business … Continue reading The Elecnor Group posts a net profit of EUR 47.4 million in the first semester of 2023
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Iberdrola invested 10,554 million in the last 12 months
Highlights Second increase in FY 2023 Outlook Financial strength Strategic Plan Execution Commenting on the results, Ignacio Galán, Executive Chairman of Iberdrola, said: “We continue accelerating in the execution of our Strategic Plan, with investments of more than 10.5 billion euros in the last 12 months, to achieve a Networks Asset Base of 40 billion … Continue reading Iberdrola invested 10,554 million in the last 12 months
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Nordex wind power increases sales to EUR 2.8 billion in the first half of 2023
EBITDA margin breaks even in Q2, bringing H1 EBITDA margin to minus 4.2 percent. H1 installations reach 3.1 gigawatts. Order book of 9,800 million euros.Working capital at minus 9.6 percent. Strengthened capital structure with financing operations.The guidance for 2023 and the medium-term strategic objective of an EBITDA margin of 8 percent are confirmed. The Nordex … Continue reading Nordex wind power increases sales to EUR 2.8 billion in the first half of 2023
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Harnessing Wind Power in Western Sahara
The Western Sahara, a region characterized by its vast arid landscape and relentless winds, has long been known for its untapped potential in renewable energy. In recent years, there has been a growing interest in harnessing the power of the wind to provide a sustainable energy solution for the region. With an estimated 2,000 kilometers … Continue reading Harnessing Wind Power in Western Sahara
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Global Wind Power Capacity Reaches 1 Terawatt
A major milestone has been reached in the global clean energy sector. In June, the capacity of global installed wind power reached 1 terawatt, surpassing expectations by the Global Wind Energy Council (GWEC). This achievement, which was 40 years in the making, is a significant step towards a clean energy future. The journey towards this … Continue reading Global Wind Power Capacity Reaches 1 Terawatt
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Unlocking the Potential of Wind Energy in South Africa’s Energy Market
South Africa’s energy market is at a critical juncture, as the country faces a growing demand for electricity and a need to diversify its energy mix to reduce dependence on fossil fuels. One of the most promising solutions to this challenge lies in harnessing the power of the wind, a resource that is abundant in … Continue reading Unlocking the Potential of Wind Energy in South Africa’s Energy Market
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Energy Storage in Shaping Lesotho’s Renewable Energy Future
As the global community grapples with the urgent need to transition to cleaner and more sustainable energy sources, the small Southern African nation of Lesotho is emerging as a potential leader in the renewable energy sector. At the heart of this transition lies a crucial yet often overlooked component: energy storage. This technology, which includes … Continue reading Energy Storage in Shaping Lesotho’s Renewable Energy Future
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Japan’s Net Zero Goal Requires 689GW of Solar and Wind Power by 2050
According to a study conducted by BloombergNEF (BNEF), Japan will need to have a total installed capacity of 689GW for solar and wind power generation by 2050 in order to reach its net zero goal. The study outlines BNEF’s net zero scenario, which details the breakdown of power generation in Japan. It states that solar … Continue reading Japan’s Net Zero Goal Requires 689GW of Solar and Wind Power by 2050
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Maine’s Offshore Wind Program to Meet Clean Energy Goals and Power 900K Homes
Maine is set to launch an offshore wind program that will contribute to clean energy initiatives and generate enough power to meet the needs of approximately 900,000 homes. The recently endorsed legislation calls for the issuance of requests for proposals to obtain 3,000 megawatts of electricity from offshore wind turbines by 2040. This amount of … Continue reading Maine’s Offshore Wind Program to Meet Clean Energy Goals and Power 900K Homes
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Accelerating the energy transition towards photovoltaic and wind in China
China’s goal to achieve carbon (C) neutrality by 2060 requires scaling up photovoltaic (PV) and wind power from 1 to 10–15?PWh?year?1 (refs.?1,2,3,4,5). Following the historical rates of renewable installation1, a recent high-resolution energy-system model6 and forecasts based on China’s 14th Five-year Energy Development (CFED)7, however, only indicate that the capacity will reach 5–9.5?PWh?year?1 by 2060. … Continue reading Accelerating the energy transition towards photovoltaic and wind in China
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The EIB grants a loan of 575 million euros to Repsol for wind and solar energy in Spain
The financing signed today amounts to 400 million euros and is the first tranche of the total approved loan, which will be used to finance wind farms and photovoltaic plants with a total capacity of 1.1 GW. It contributes to the goal of the REPowerEU plan to increase energy security by reducing the European Union’s … Continue reading The EIB grants a loan of 575 million euros to Repsol for wind and solar energy in Spain
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Acciona Energía builds a new 280MW wind power project in Canada
Forty Mile will be completed in the first quarter of 2025, and it will be the company’s largest wind farm in North America. ACCIONA Energía has announced today the start of the construction of Forty Mile, a 280MW wind project in the County of Forty Mile No. 8 in Alberta, Canada. Forty Mile has been … Continue reading Acciona Energía builds a new 280MW wind power project in Canada
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Iberdrola signs with Citi and Eksfin a new green loan guaranteed for 500 million euros
Iberdrola has reinforced its liquidity position with a new 500 million euros green loan granted by Citi, and partly guaranteed by the Norwegian Export Credit Agency (Eksfin). The transaction represents the first Eksfin guaranteed financing to a Spanish energy company. The loan, with an average life of nine years, makes it possible to extend the … Continue reading Iberdrola signs with Citi and Eksfin a new green loan guaranteed for 500 million euros
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Masdar joins Iberdrola to co-invest in the Baltic Eagle wind farm in Germany
Masdar, the UAE’s flagship renewable energy company, has signed a strategic agreement with Iberdrola, a global clean energy leader, to co-invest in the 476-megawatt (MW) Baltic Eagle offshore wind farm in the German Baltic Sea. Iberdrola will retain a majority 51% stake in the asset, which will help to accelerate green energy security in Europe. … Continue reading Masdar joins Iberdrola to co-invest in the Baltic Eagle wind farm in Germany
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EDP Renewables secures its first stand-alone battery storage project in Europe
Acquired from Tupa Energy, the project will provide 2 hours of storage capacity and will contribute with 50 MW of capacity; With this project, the company will support the grid resilience by providing stability and reliability and will allow for an increased penetration of renewables in the generation mix. EDP Renewables (Euronext: EDPR), a leading … Continue reading EDP Renewables secures its first stand-alone battery storage project in Europe
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VERBUND AG: Acquisition of operative wind power plants in Spain with a capacity of 257 MW and potential for hybridisation and repowering
VERBUND AG hereby announces the acquisition of operative wind power plants in Spain with a total capacity of 257 MW and potential for hybridisation and repowering from EDP Renewables Europe, S.L.U. (“EDPR”) for an enterprise value of approx. €0.46bn. VERBUND Green Power GmbH will acquire 100% of the shares in Viesgo Renovables S.L. and Viesgo Europa S.L. … Continue reading VERBUND AG: Acquisition of operative wind power plants in Spain with a capacity of 257 MW and potential for hybridisation and repowering
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Wind and solar, the future of Mauritania
Mauritania, a vast and sparsely populated country in West Africa, is endowed with abundant natural resources and renewable energy potential. The country has been taking significant steps in recent years to strengthen its energy infrastructure and promote sustainable development. The Mauritanian government has recognized the importance of harnessing renewable energy sources to meet the growing … Continue reading Wind and solar, the future of Mauritania
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Germany increased installed offshore wind capacity by 3.1% to 8,385 megawatts
Germany increased installed offshore wind capacity by 3.1% to 8,385 megawatts (MW) in the first half of 2023, industry lobbyists said on Tuesday, demanding better revenue guarantees to maintain a pace of development and ensure it reaches the 30,000 MW target by 2030. Wind power is central to Germany’s transition to renewables, as Berlin aims … Continue reading Germany increased installed offshore wind capacity by 3.1% to 8,385 megawatts
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