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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Wind 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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Latin America’s Renewable Energy Revolution
For centuries Latin America’s natural resources have helped move the world economy. From the silver galleons that financed the Spanish Empire to the iron and copper exports that are rebuilding China, Latin America’s natural resources have long been sold around the globe. But now the growth of renewable energy across the region is creating a … Continue reading Latin America’s Renewable Energy Revolution
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Community wind energy experts request appropriate legal definition for community energy
100 community energy experts from 20 countries have met for the 2nd International Community Wind Symposium hosted by the World Wind Energy Association (WWEA) and Landesverbandes Erneuerbare Energien NRW (LEE NRW). The event is focussing on the current debate around the German renewable energy law (EEG) and on community energy developments in NRW, as well … Continue reading Community wind energy experts request appropriate legal definition for community energy
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Science Day paves the way for future research into effect of offshore wind energy structures on the North Sea
The Royal Society played host to a Science Day this week for eighty researchers, academics and industry representatives who gathered to hear the latest research findings from UK and European institutions on the influence of man-made structures on the marine environment. The studies constitute the culmination of the first phase of the INSITE Programme, the … Continue reading Science Day paves the way for future research into effect of offshore wind energy structures on the North Sea
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Top wind power producing countries
With a rapid growth in the renewable energy projects over the past few years, the total installed capacity of the wind power plants across the world has witnessed a manifold increase. Advancements in wind turbines designs have also led a surge in the installed capacity of wind power. Many companies have developed wind turbines that … Continue reading Top wind power producing countries
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Turkish wind power ready to take off
WindEurope CEO Giles Dickson gave a keynote speech at the Turkish Wind Energy Association’s 25th anniversary in Ankara. The event took place after Turkey’s first 1 GW wind tender this summer with a record-breaking $3.48/kWh. Dickson saw the recent result as a testimony for the government’s laudable commitment to clean homegrown energy and investors’ confidence. … Continue reading Turkish wind power ready to take off
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World’s highest wind turbine catches the breeze in Germany
Max Bögl Wind has announced the construction of the world’s tallest turbine in Gaildorf, near Stuttgart in Germany. The tri-blade giant has a hub height of 178 meters (584 ft), with a total height from ground to tip of the blade of 264.5 m. The new turbine is part of a four turbine wind farm … Continue reading World’s highest wind turbine catches the breeze in Germany
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