The European Union’s ambitious renewable energy target mandates at least 42.5% of EU energy consumption to come from renewable sources by 2030. For that to happen, developers need positive returns on their renewables investments. With technology costs not evolving as hoped, where will the sources of project profitability come from instead? Our latest insight analyses … Continue reading Can European renewables still turn a profit?
Continue readingMonthly Archives: November 2023
Can Spanish renewables avoid becoming a victim of their own success?
Despite healthy EU ambitions for the energy transition and the decarbonisation of power, and substantial progress already made in the market, Spanish renewables face some strong short-term headwinds. At our recent Madrid breakfast briefing, we presented insights based on the findings from Wood Mackenzie’s Iberian power markets analysis, exploring the issues facing the Spanish power … Continue reading Can Spanish renewables avoid becoming a victim of their own success?
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Renewable hydrogen takes to the skies
Australian aerospace startup AMSL Aero (AMSL) is looking to take hydrogen flight to the skies with the support of the Australian Renewable Energy Agency (ARENA). On behalf of the Australian Government, ARENA has awarded $5.43 million for AMSL, as part of the Advancing Renewables Program, to develop a hydrogen powered electric Vertical Take-Off and Landing … Continue reading Renewable hydrogen takes to the skies
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Enercon CCO Ulrich Schulze Südhoff as a panelist at the Turkish Wind Energy Congress
In the recovering global onshore wind markets ENERCON is relying on quality and competitive products. Today (8 November), ENERCON CCO Ulrich Schulze Südhoff reaffirmed this strategic orientation at the Turkish Wind Energy Congress (TWEC) in Istanbul. Schulze Südhoff took part in a panel discussion on the subject of ‘Advancing Turbine Technologies and the Turkish Market from … Continue reading Enercon CCO Ulrich Schulze Südhoff as a panelist at the Turkish Wind Energy Congress
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Offshore wind patents on the rise, new study by IRENA and EPO shows
The global renewable power capacity must triple by 2030 to keep the 1.5°C target of the Paris Agreement within reach. Offshore Wind capacity would need to reach almost 500 GW in 2030, a fourteen-fold increase in comparison to 2020. Offshore technology’s high energy output and its ability to be built up quickly at gigawatt-scale makes … Continue reading Offshore wind patents on the rise, new study by IRENA and EPO shows
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Innovation projects at Anholt Offshore Wind Farm
A new research project at Anholt Offshore Wind Farm in Denmark aims to grow a number of less carbon-intensive foods while contributing to a healthier marine environment: To solve the climate crisis, we need to look at how we source our energy, but also at what we eat, as many foods emit large amounts of … Continue reading Innovation projects at Anholt Offshore Wind Farm
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DNV concludes Phase 1 of joint industry project to optimize design of floating substations
DNV has successfully concluded Phase 1 of its joint industry project (JIP) aimed at establishing offshore substation standards for the growing floating wind sector. The collaborative industry effort has brought together 38 participating companies (including transmission operators, developers, component suppliers, Engineering, Procurement, Construction and Installation contractors, and yards) to tackle the distinctive challenges associated with … Continue reading DNV concludes Phase 1 of joint industry project to optimize design of floating substations
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AIIB finances second wind power project in southern Kazakhstan
The Asian Infrastructure Investment Bank (AIIB) has signed a USD36-million loan agreement for the development, construction and operation of a 100-megawatt (MW) wind power plant in Zhambyl region of Southern Kazakhstan. The project is codeveloped by China Power International Holding and Visor International DMCC and will be cofinanced by the European Bank for Reconstruction and … Continue reading AIIB finances second wind power project in southern Kazakhstan
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Wind power company Vestas reduces its net loss by 93% in the first nine
The wind turbine manufacturer Vestas presented this Wednesday a net loss of 71 million euros in the first nine months of the year, 93% less than in the same period of 2022. The reduction in loss was driven by an increase in activity levels and a higher gross margin, explained Vestas, one of the world’s … Continue reading Wind power company Vestas reduces its net loss by 93% in the first nine
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The development of offshore wind energy in Spain is imminent
Before the end of 2023, the hearing and information process of the regulatory framework for offshore wind will begin, which will lay the foundations for the development of offshore wind in Spain. Spain is prepared to develop offshore wind projects off our coasts. The Canary Islands announces the creation of a Canarian Observatory of Offshore … Continue reading The development of offshore wind energy in Spain is imminent
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China to hold over 80% of global solar power manufacturing capacity from 2023-26
Despite local manufacturing policies in overseas markets, China’s expansion will dominate global solar supply chain, and widen the technology and cost gap. After investing over US$130 billion into the solar industry in 2023, China will hold more than 80% of the world’s polysilicon, wafer, cell, and module manufacturing capacity from 2023 to 2026, according to … Continue reading China to hold over 80% of global solar power manufacturing capacity from 2023-26
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Acciona Energía, selected to develop a new wind farm in the Philippines
ACCIONA Energía has announced today that it has been awarded, together with its local partner Freya Renewables, development rights for a 160MW wind farm in The Philippines. The contract has been awarded by the Philippine Department of Energy (DOE) through its fourth Open and Competitive Selection Process (OCSP4) for hydropower, geothermal and wind energy resources, … Continue reading Acciona Energía, selected to develop a new wind farm in the Philippines
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Record wind energy production in Italy and Portugal and downward trend in European electricity market prices
In the first week of November, wind energy production reached a weekly record in Italy and in Portugal it was the second highest in history. In addition, almost all markets registered an increase in production using this technology. This, together with lower demand and lower gas prices, contributed to a downward trend in European electricity … Continue reading Record wind energy production in Italy and Portugal and downward trend in European electricity market prices
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Rising Costs Pose Challenges for UK Wind Energy Sector
The wind energy sector in the UK is facing significant challenges due to inflation and fluctuations in energy prices. These issues are affecting the feasibility of wind power projects and causing major industry players to seek government support or halt their operations. One of the major players in the sector, Siemens Energy, recently sought a … Continue reading Rising Costs Pose Challenges for UK Wind Energy Sector
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Bangladesh approves first offshore wind power project
Bangladesh has recently given the green light for the establishment of its first offshore wind power plant, marking a major milestone in the country’s path towards renewable energy. The government has given its approval in principle to a detailed feasibility study for the project. The initial phase of development of the site is also scheduled … Continue reading Bangladesh approves first offshore wind power project
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Wind power is vital to combat climate change
As discussions continue over wind turbines in Barnstable, it is important to prioritize the urgent need for renewable energy sources in our fight against climate change. While there may be concerns and debates about the impact on the local landscape, we must recognize that reducing our dependence on fossil fuels is essential for the well-being … Continue reading Wind power is vital to combat climate change
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The growth of offshore wind energy: challenges and opportunities
The cancellation of two offshore wind projects in New Jersey has created a significant setback for the nascent US offshore wind industry. Danish wind energy developer Ørsted cited issues with supply chains, higher interest rates and a failure to obtain desired tax credits as reasons for scrapping its Ocean Wind I and II projects. These … Continue reading The growth of offshore wind energy: challenges and opportunities
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Innovative floating wind turbine to begin testing off Norwegian coast
A new floating wind turbine design could soon be floating off the coast of Norway. Oslo-based startup World Wide Wind (WWW) has just been given the green light to test its novel wind turbine design at a site in Vats, southwest Norway.“We are very proud to test our first prototype in cooperation with AF Gruppen … Continue reading Innovative floating wind turbine to begin testing off Norwegian coast
Continue readingTop Three Countries Shaping the Future of Wind Power
With the growing demand for cleaner and more sustainable energy sources, wind power has emerged as a frontrunner in the race towards a greener future. Harnessing the natural power of the wind to generate electricity has seen a surge in popularity across the globe, with countries investing heavily in wind energy infrastructure. Today, we take … Continue reading Top Three Countries Shaping the Future of Wind Power
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How far offshore are the wind turbines in Virginia Beach?
Virginia Beach, a vibrant coastal city known for its beautiful beaches and thriving tourism industry, is now making waves in the renewable energy sector. Offshore wind farms have become a significant part of the city’s efforts to transition to clean and sustainable energy sources. But just how far offshore are these wind turbines located? The … Continue reading How far offshore are the wind turbines in Virginia Beach?
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