According to DNV’s Pathway to Net Zero Emissions report, limiting global warming to 1.5°C remains a possibility – but is highly improbable. Drastic measures, and permanent cuts in emissions are necessary to reach net zero in 2050. DNV’s Pathway to Net Zero Emissions report is a companion to the Energy Transition Outlook report and depicts DNV’s most … Continue reading High-income countries must reach net zero way before 2050
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COP28, IRENA and Global Renewables Alliance outline roadmap at Pre-COP on fast-tracking the energy transition by tripling renewable power and doubling energy efficiency by 2030
Abu Dhabi, United Arab Emirates, 30 October 2023 – The COP28 Presidency, the International Renewable Energy Agency (IRENA), and the Global Renewables Alliance (GRA) launched a joint report today on the sidelines of the Pre-COP event in Abu Dhabi, titled “Tripling Renewable Power and Doubling Energy Efficiency by 2030: Crucial Steps Towards 1.5 °C.” The … Continue reading COP28, IRENA and Global Renewables Alliance outline roadmap at Pre-COP on fast-tracking the energy transition by tripling renewable power and doubling energy efficiency by 2030
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How reversible are the recent setbacks of the offshore wind sector?
Amid a challenging year for the offshore wind sector, recent setbacks have increased costs but are now also starting to spur vital policy changes. The industry is now in a position to reverse setbacks and advance toward ambitious goals, encouraging greater investments in renewables and job growth over the next decade Søren Lassen Head of … Continue reading How reversible are the recent setbacks of the offshore wind sector?
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RE-Source 2023 marks 7.8 GW PPA record but industry urges for barriers to be removed to reach EU net zero objectives
Consistent growth of renewable corporate power purchase agreements (PPAs) proves that corporates are stepping up their commitments to the energy transition. But corporate energy buyers are calling on policymakers to use the EU Electricity Market Design (EMD) reform to remove the remaining barriers to PPAs. Record-breaking year in the EU PPA market with companies procuring … Continue reading RE-Source 2023 marks 7.8 GW PPA record but industry urges for barriers to be removed to reach EU net zero objectives
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ACP Statement on New York Announcing 25 New Clean Energy Projects
The American Clean Power Association (ACP) released the following statement from Josh Kaplowitz, Vice President for Offshore Wind, after New York Governor Kathy Hochul announced the solicitation awards for three offshore wind and 22 land-based renewable energy projects totaling 6.4 gigawatts (GW) of clean energy: “The projects announced today represent $20 billion in new investments … Continue reading ACP Statement on New York Announcing 25 New Clean Energy Projects
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Offshore wind energy at a pivotal moment
There is a great Philip Larkin poem, Wires, about the experience of young steers that believe the open spaces of the prairie are limitless, until they bump up against an electric fence and realise for the first time the constraints on their freedom. New industries suffer a similar experience when they hit their first downturn. … Continue reading Offshore wind energy at a pivotal moment
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Record wind energy production in Portugal and Spain in the third week of October
In the third week of October, European electricity market prices remained generally stable, with an upward trend in most cases compared to the previous week. However, in the MIBEL market prices fell due to high wind energy production, which reached an all?time record in Portugal and the highest value so far in 2023 in Spain. … Continue reading Record wind energy production in Portugal and Spain in the third week of October
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Net Zero? It’s all about electrification
Today the Electrification Alliance* unveiled a new ‘Electrification Manifesto’ urging the European Commission to fast-track the electrification of Europe. The Manifesto calls for a dedicated Electrification Action Plan in the first 100 days of the incoming European Commission’s mandate. At the launch event, European Commissioner for Energy Kadri Simson was named the winner of the … Continue reading Net Zero? It’s all about electrification
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Wind Power Package: game-changer for Europe’s energy security
In her State of the Union speech in September 2023 EU Commission President Ursula von der Leyen highlighted the current challenges faced by Europe’s wind energy industry. She committed to ensure the future of wind energy was ‘made in Europe’ – and promised a new package to support the wind industry. Today the Commission unveiled its Wind … Continue reading Wind Power Package: game-changer for Europe’s energy security
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American Clean Power-California Launches Council of Offshore Wind Leaseholders
California’s first-ever offshore wind leaseholders now have a unified voice. The American Clean Power Association (ACP) announced the establishment of the California Council of Offshore Wind Leaseholders (CCOWL), a council within ACP-California (ACP-CA) dedicated to fostering the emerging California floating offshore wind market and advancing the state’s first projects. “Offshore wind’s untapped potential on the … Continue reading American Clean Power-California Launches Council of Offshore Wind Leaseholders
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Gov. Hochul’s Veto Threatens Clean Energy Goals
The American Clean Power Association (ACP) released the following statement from ACP Director of Eastern Region State Affairs Moira Cyphers, after New York Governor Hochul vetoed the Planned Offshore Wind Transmission Act today: “Governor Hochul must get serious about reaching 70% clean energy by 2030. Today, she dealt a significant blow to the state’s own … Continue reading Gov. Hochul’s Veto Threatens Clean Energy Goals
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ACP Statement on DOE Grant Funding in Support of Grid Expansion
The American Clean Power Association (ACP) released the following statement today from Vice President of Markets and Transmission Carrie Zalewski after the U.S. Department of Energy (DOE) announced $3.5 billion in federal grant funding to help support grid expansion in the U.S.: “This funding will help support the grid expansion America desperately needs to deploy … Continue reading ACP Statement on DOE Grant Funding in Support of Grid Expansion
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Price spike in European electricity markets
In the second week of October, European electricity market prices rose. Some hourly prices were above €200/MWh, which was also the case on Monday, October 16. The rise was supported by higher gas and CO2 prices, which registered their highest levels since February and August, respectively. Increased demand and lower solar energy production also drove … Continue reading Price spike in European electricity markets
Continue readingACP to Air Offshore Wind Ad Targeting New Jersey Residents During Eagles vs. Jets Game
The American Clean Power Association (ACP) will air an ad titled “Offshore Wind is Investing in New Jersey” during Sunday’s Philadelphia Eagles vs. New York Jets NFL game, which starts at 4:25 PM ET. The ad highlights the economic and energy benefits of offshore wind, particularly to New Jersey’s coastal communities. “Offshore wind is delivering thousands of jobs … Continue reading ACP to Air Offshore Wind Ad Targeting New Jersey Residents During Eagles vs. Jets Game
Continue readingACP Statement on NYSPSC Offshore Wind Ruling
The American Clean Power Association (ACP) released the following statement from ACP CEO Jason Grumet after the New York State Public Service Commission (NYSPSC) denied petitions requesting inflation adjustments for wind and solar energy projects in New York: “With one shortsighted decision, the NYSPSC has thrown New York’s environmental and clean energy future into peril. … Continue reading ACP Statement on NYSPSC Offshore Wind Ruling
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Annual Wind Workforce Outlook highlights huge global demand for new wind technicians by 2027
New figures clarify the workforce challenge facing the global wind industry with nearly 600,000 technicians needed during the next five years – with more than 240,000 of these roles new recruits to the industry. The Global Wind Organisation (GWO) and Global Wind Energy Council (GWEC) have published their latest joint report forecasting the numbers of … Continue reading Annual Wind Workforce Outlook highlights huge global demand for new wind technicians by 2027
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The drop in the LCOE of solar and wind power drives the energy transition
Over the past decade, the LCOE (Levelized Cost Of Electricity) of renewable electricity generation technologies has dropped exponentially, driving the energy transition towards a 100% renewable system. The largest drops in LCOE since 2010 have been for onshore wind energy, 69%, solar photovoltaic energy, 89%, and offshore wind energy, 59%. This evolution of the renewable … Continue reading The drop in the LCOE of solar and wind power drives the energy transition
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The Inflation Reduction Act is set to increase cumulative wind energy installations in the US by over 50% in the next 5 years
New report, in partnership with the American Clean Power Association, uncovers insights on the surge in offshore wind power projects, the revival of onshore markets, and the booming repowering sector, all fueled by strategic policy shifts and significant investments. The US Wind Watch, a new report released by the American Clean Power Association (ACP) and … Continue reading The Inflation Reduction Act is set to increase cumulative wind energy installations in the US by over 50% in the next 5 years
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ACP Statement on Governor Healey Announcement at Offshore Wind Conference
American Clean Power Association (ACP) CEO Jason Grumet released this statement after Massachusetts Governor Maura Healey announced during her remarks at ACP’s Offshore WINDPOWER 2023 conference New England’s first offshore wind multi-state coordination memorandum of understanding?(MOU). Under the MOU, Massachusetts, Connecticut, and Rhode Island will procure an additional 6,000 megawatts of offshore wind: “Tough challenges … Continue reading ACP Statement on Governor Healey Announcement at Offshore Wind Conference
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Wind energy overcomes the barrier of 30 GW installed in Spain
Wind energy surpasses the barrier of 30 GW installed, a milestone possible thanks to a competitive and innovative value chain based in Spain.More than 25 years of innovation: Wind power in Spain leads electricity generation. On this day, the latest technological advances and future challenges are analyzed. The Wind Energy Association (AEE) celebrates a new … Continue reading Wind energy overcomes the barrier of 30 GW installed in Spain
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