RWE AG has announced plans to significantly expand its investment in wind energy, despite the challenges facing the wider sector, including rising interest rates and inflation. During its recent Capital Markets Day in London, RWE revealed its commitment to invest €55 billion ($60.4 billion) in green technologies by 2030. A substantial part of this investment, … Continue reading RWE commits €55 billion to invest in wind energy
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Flotation Energy and Vårgrønn on Crown Estate Scotland announcement for seven INTOG offshore wind power projects
“Our frontrunner floating offshore wind projects, Green Volt and Cenos, are uniquely positioned to deliver green power and jobs by 2030. Their accelerated timelines are achievable because of the effort we’ve already invested into community engagement, environmental and engineering data collection, and because of our strong relationships with the oil and gas platforms. “The opportunity … Continue reading Flotation Energy and Vårgrønn on Crown Estate Scotland announcement for seven INTOG offshore wind power projects
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Service of 497 Enercon wind turbines to be extended in terms of scope and run-time
ENERCON has signed a new framework agreement with its Portuguese customer Finerge regarding the service and maintenance of Finerge’s fleet of ENERCON turbines in operation. The agreement covers 497 wind turbines, ranging from E-40 to E-92 series with a total installed capacity of more than 1 GW. This represents 58 % of Finerge’s entire wind onshore … Continue reading Service of 497 Enercon wind turbines to be extended in terms of scope and run-time
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UK seeks 10 GW of offshore wind projects in 2024 auction
The British government could award 10 gigawatts (GW) of offshore wind projects in next year’s renewable energy auction, after it increased the level of subsidy it is willing to pay, the head of Vattenfall’s wind business said on Tuesday. “They expect around 10 gigawatts even though they don’t talk volumes, but 10 gigawatts to pass … Continue reading UK seeks 10 GW of offshore wind projects in 2024 auction
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EU Grid Action Plan will help wind power, but urgent action needed on excessive connection queues
Today the EU Commission launched an Action Plan for Grids – a 14-point plan to modernise Europe’s electricity grid and prepare for the renewables-based electrification of the energy system. It says €584bn of new investments are required by 2030 to upgrade Europe’s grids. Absolutely. And these investments can’t come soon enough. The current grid can’t accommodate … Continue reading EU Grid Action Plan will help wind power, but urgent action needed on excessive connection queues
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RWE and partners secure wind contracts for 119 MW in France
The French CRE (Commission for the Regulation of Energy) has published the results of the latest call to tender for onshore wind power (AO 13) for a cumulative capacity of 931 MW for an average price of €86.94/MWh. Five projects have been awarded to RWE, representing 119 MW gross and 80 MW pro-rata. Of these … Continue reading RWE and partners secure wind contracts for 119 MW in France
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Solar and wind power placed MIBEL at the lowest prices in EuropeSolar and wind power
In the fourth week of November, MIBEL registered the lowest prices among the main European markets thanks to solar and wind energy. In the other markets, prices were in general higher than in the previous week, although wind energy helped to push prices below €100/MWh over the weekend. Photovoltaic energy registered the production record for … Continue reading Solar and wind power placed MIBEL at the lowest prices in EuropeSolar and wind power
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Octopus Energy buys 12.5% stake in UK offshore wind farm
Octopus Energy has bought a 12.5% stake in the 660 megawatt (MW) Walney Extension offshore wind farm in the Irish Sea from a group of Danish pension funds, it said on Monday. Octopus bought the stake from AIP Management, the investment manager for Danish pension funds PKA and PFA, it said without providing financial details … Continue reading Octopus Energy buys 12.5% stake in UK offshore wind farm
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Iberdrola sets out £12bn investment plan at UK Global Investment Summit
Over the past 15 years Iberdrola, the largest electricity company in Europe and one of the two largest worldwide, has invested close to £30bn in the UK’s electricity grid and renewable generation capacity. Its ScottishPower business was the first UK integrated utility to generate 100% green electricity. At the UK Global Investment Summit in London, hosted … Continue reading Iberdrola sets out £12bn investment plan at UK Global Investment Summit
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Vestas is awarded a 43 MW wind power project in Germany
Vestas has received a firm order from SAB WindTeam GmbH for the Bockenem wind farm in Lower Saxony, Germany. The order consists of seven V162-6.2 MW wind turbines and includes the supply, delivery and commissioning of the wind turbines. Upon completion, Vestas will service the turbines under a 25-year Active Output Management 5000 (AOM 5000) … Continue reading Vestas is awarded a 43 MW wind power project in Germany
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Wind energy in the Great Lakes
Offshore wind power projects in the Great Lakes region have faced significant obstacles in their development over the past decade, despite the presence of strong winds that make the area ideal for these types of projects. While the potential for clean, renewable energy generation is evident, local opposition and infrastructure challenges have hampered progress. Opposition … Continue reading Wind energy in the Great Lakes
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Wind energy ports call for stronger political will and support for the offshore sector
Port Esbjerg and the other wind ports of the Offshore Wind Port Alliance are now calling for stronger political commitment and more support for the offshore sector. “If we are to successfully deliver on the ambitious targets for offshore wind, it’s crucial that politicians across Europe recognise and support our efforts to develop additional port … Continue reading Wind energy ports call for stronger political will and support for the offshore sector
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What does the world need from COP28?
The UN released its Emissions Gap Report on Monday. Released ahead of the 28th annual conference of the parties in Dubai, which begins on the 30th of November, it highlights the need for a 42% reduction in emissions to achieve the 1.5C degree warming limit of the Paris Agreement. Antònio Guterres, Secretary-General of the United … Continue reading What does the world need from COP28?
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Latest update on clean energy technology manufacturing shows a mixed outlook for key technologies
The pipeline of clean energy technology manufacturing projects remains vibrant, with significant additions in the past six months, though the average rate of new capacity announcements slowed relative to the pace set during the first quarter of the year, according to the latest update from the IEA’s Energy Technology Perspectives (ETP) series Released today, the … Continue reading Latest update on clean energy technology manufacturing shows a mixed outlook for key technologies
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Boosting renewable energies in Spain means strategic opportunities for energy storage companies
Energy storage is one of the vectors of the energy transition and a necessary partner in the deployment of renewable energies. In Spain, the regulatory framework for storage is expected to be approved in 2024 or early 2025. This situation represents a window of opportunity for companies that want to lead the sector or find … Continue reading Boosting renewable energies in Spain means strategic opportunities for energy storage companies
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China’s installed renewable energy capacity surges in Jan.-Oct.
China’s installed capacity of clean energy surged in the first 10 months of the year amid the country’s pursuit of green development. By the end of October, the installed capacity of solar power in the country expanded 47 percent year on year to 540 million kilowatts, while that of wind power stood at about 400 … Continue reading China’s installed renewable energy capacity surges in Jan.-Oct.
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Why is offshore wind rising in China when it is struggling in the West?
While the offshore wind industry is struggling with inflation and high interest rates in the West, China’s market is soaring. To learn why, TME recently spoke with Joseph Webster, senior fellow at the Atlantic Council’s Global Energy Center and an expert on China’s offshore wind sector. What are your thoughts on the near term outlook … Continue reading Why is offshore wind rising in China when it is struggling in the West?
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Offshore wind power will help Brazil’s energy transition
Brazil’s wind energy sector is expected to continue expanding in the coming years. With the standardization of the regulatory framework for offshore wind energy, the sector is expected to continue expanding. After two years of discussions, a bill establishing the regulatory framework drafted by the then senator and current president of Petrobras, Jean-Paul Plates, is … Continue reading Offshore wind power will help Brazil’s energy transition
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Finland to auction five offshore wind energy sites
Finland will launch an auction for five offshore wind power sites with up to 500 wind turbines in Finland’s public water areas. “The total area of the five offshore wind energy sites that will be included in the auction procedure is about 860 km2 and their maximum calculated capacity is about 7,500 megawatts,” the Government … Continue reading Finland to auction five offshore wind energy sites
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Nordex receives bioconstruct order for 41 MW of wind power in Germany
bioconstruct GmbH has placed an order with the Nordex Group for the supply and installation of six N163/6.X wind turbines for the “Bösel-West” wind farm in Lower Saxony. The order also includes the Premium Service for the maintenance of the 40.8 MW wind farm for a period of 20 years. The Nordex Group will start … Continue reading Nordex receives bioconstruct order for 41 MW of wind power in Germany
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