Tag: wind power

Offshore wind: German auction wins show Big Oil has not left the party

Offshore wind: German auction wins show Big Oil has not left the party

July 20, 2023 |

Unlike other tenders and auctions so far, companies will pay just 10% of the total fee upfront and spread the remainder over 20 years after commissioning for this tender. This shifts the upfront cost to US$750 million for BP and US$645 million for TTE, or around US$0.2m/MW. That’s not a big increment to capex. The ongoing fee will be US$75-100k/MW. Additionally, the German market has some of the strongest offtake potential in Europe.

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ACWA Power inks land deal for 10 GW wind project in Egypt

ACWA Power inks land deal for 10 GW wind project in Egypt

July 18, 2023 |

ACWA Power, a Saudi developer of power generation and desalinated water production facilities, and the New and Renewable Energy Authority (NREA) have signed a memorandum of understanding (MoU) to allot land for the construction of a 10 GW wind project in Egypt. The agreement was signed at the headquarters of the Council of Ministers in the new city of El Alamein, Egypt.

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Denmark based companies apply for 500 MW offshore wind farm in Bangladesh

Denmark based companies apply for 500 MW offshore wind farm in Bangladesh

July 17, 2023 |

Copenhagen Infrastructure Partners (CIP) and Copenhagen Offshore Partners (COP) have applied to Bangladesh’s government for permission to build a 500MW wind farm in the Bay of Bengal. According to a preliminary analysis conducted by the two companies, the project might generate hundreds of direct and indirect employment during its construction phase.

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India prioritises renewables in the National Electricity Plan

India prioritises renewables in the National Electricity Plan

July 10, 2023 |

India, which has set a goal to install 500 GW of non-fossil-fuel-based energy capacity by 2030, is a front runner in renewable energy installations. The country’s green commitment is evident in the recently published National El­ec­tricity Plan (NEP) (Volume I: Genera­tion) by the Central Electricity Authority (CEA). The new plan estimates more than 400 GW of capacity addition in the renewable energy sector, far exceeding the combined capacity addition of less than 70 GW in the thermal and nuclear power sectors.

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MOL and Toyo form JV to explore opportunities in Japan’s offshore wind

MOL and Toyo form JV to explore opportunities in Japan’s offshore wind

June 12, 2023 |

Mitsui OSK Lines (MOL) and Toyo Construction established a joint venture (JV) to investigate prospects in offshore wind power. Following a study and discussions on potential areas of collaboration, the companies formed the 50:50 joint venture. MOL Shipping and Toyo, a provider of maritime and civil engineering services, intend to collaborate in a variety of offshore wind-related fields, such as survey planning, the acquisition of work boats, and offshore construction.

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UK Offshore Wind Champion’s Report

UK Offshore Wind Champion’s Report

June 2, 2023 | ,

This report summarises the findings, makes recommendations and identifies opportunities for government and industry to accelerate the deployment of offshore wind projects in the UK. The recommendations include reducing the time taken to plan and consent offshore wind farms, address major delays for grid connections and reform the remit of the UK’s Office of Gas and Energy Markets (Ofgem) to prioritise clean energy projects.

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Floating Offshore Wind: A potential solution to meet global decarbonisation needs

Floating Offshore Wind: A potential solution to meet global decarbonisation needs

May 26, 2023 |

Floating offshore wind turbines are affixed on platforms that are firmly moored to the ocean bed and conn­ec­ted by dynamically suspended cables. As a technology, floating offshore wind (FOW) can be considered supplementary to fixed-seabed wind technology. It d­e­ploys fixtures and component configurations that are compatible with conventional systems, including power substations, undersea transmission networks and feed-in infrastructure of the existing grids.

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DTEK opens phase one of 500 MW wind power plant in Ukraine

DTEK opens phase one of 500 MW wind power plant in Ukraine

May 24, 2023 |

DTEK, a Ukrainian private energy business, has opened the 114 MW phase of one of the 500 MW Tyligulska wind power projects. The factory is positioned 100 km from the frontlines of Russia’s invasion of the country, which began in February 2022. The company has invested $200 million for phase one construction, which features 19 turbines.

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Indonesia focuses on renewables to reach net zero goals

Indonesia focuses on renewables to reach net zero goals

May 15, 2023 |

Indonesia is the world’s fourth-most populous country and is set to become the world’s fourth-largest economy by mid-century. The key contributor to this growth has been the export of coal and natural gas, which has helped it maintain a positive trade balance. The country aims to increase the share of renewables in the generation mix to 23 per cent by 2025 and further to 32 per cent by 2030 and 69 per cent by 2060.

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EnfraGen, Partners Group to buy 188 MW of assets in Central America

EnfraGen, Partners Group to buy 188 MW of assets in Central America

May 9, 2023 |

EnfraGen, a Glenfarne Energy Transition company, and Partners Group have reached a deal with Celsia to buy six renewable assets in Panama and Costa Rica totaling 188 MW. Grupo Argos is the parent company of Celsia, a Colombian electricity company. The Dos Mares Hydro Complex, which consists of three run-of-river downstream hydropower units in Panama with a combined capacity of 119 MW, is included in the transaction.

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DEME Offshore wins three contracts for 500 MW French offshore wind farm

DEME Offshore wins three contracts for 500 MW French offshore wind farm

May 4, 2023 |

DEME Offshore, a Belgian offshore services provider, has won three contracts for the 500 MW Dieppe Le Tréport offshore wind farm, which will be built in the English Channel off the coast of France. DEME Offshore was chosen by the owners of Dieppe Le Tréport, which included Ocean Winds – a joint venture owned by Engie and EDPR – Sumitomo, and Banque des Territoires.

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Ørsted, PGE select contract engineer for Baltica offshore wind farm

Ørsted, PGE select contract engineer for Baltica offshore wind farm

May 1, 2023 |

Baltica Offshore Wind Farm developers PGE and Ørsted have formalised the partnership for the offshore wind project’s land connection, which includes Biuro Studiów, Projektów i Realizacji (EnergoprojektKatowice) and Energopomiar. According to the agreement, the consortium will oversee the general contractor’s work as an investor as the line and station portions of the onshore connection are being built. According to the timeline, Baltica Offshore Wind Farm’s phases, including Baltica 2 (1.5 GW) and Baltica 3 (1 GW), will be launched by the end of this decade.

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Toyota Tsusho acquires 85 per cent of SB Energy shares

Toyota Tsusho acquires 85 per cent of SB Energy shares

May 1, 2023 |

Toyota Tsusho, an affiliate of Toyota, has completed the acquisition of an 85 percent stake in SoftBank Group’s renewables arm SB Energy. SB Energy has been rebranded as Terras Energy and has become a subsidiary of Toyota Tsusho. The remaining 15 per cent of the company is owned by SoftBank. With nearly 4.5 GW of capacity, Terras Energy is anticipated to be amongst Japan’s biggest wind and solar power providers. This comprises 1.02 GW of solar energy and 3.18 GW of wind power.

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US Offshore Wind Development Strategy

US Offshore Wind Development Strategy

April 28, 2023 | ,

On March 29, 2023, DOE released ‘Advancing Offshore Wind Energy in the United States, U.S. Department of Energy Strategic Contributions Toward 30 Gigawatts and Beyond’ strategy, which is a comprehensive summary of its role to meet the country’s OSW target. The strategy has divided the OSW efforts by the DOE into four pillars – Near-Term Offshore Wind (NOW), Floating Offshore Wind Accelerated Research and Development (FORWARD), CONNECT and TRANSFORM.

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Siemens Gamesa debuts a wind turbine tower made of sustainable steel

Siemens Gamesa debuts a wind turbine tower made of sustainable steel

April 24, 2023 |

RWE, a German utility, plans to use GreenerTower from Spanish wind turbine maker Siemens Gamesa for its 1 GW Thor offshore wind farm off the coast of Denmark. The new wind turbine tower is said to be made of sustainable steel. Steel plates make up over 80 per cent of the towers. The fabrication of the plates uses 63 per cent less carbon than the production of conventional steel. A maximum of 0.7 tonnes of carbon dioxide-equivalent emissions per tonne is permitted while maintaining the steel’s quality and properties.

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OWT Support: The UK launches GBP 100 million scheme for coordinated development

OWT Support: The UK launches GBP 100 million scheme for coordinated development

April 23, 2023 |

The UK is making efforts towards ac­hieving its ambitious 2030 offshore wind (OSW) goal of 50 GW in order to meet its long-term net zero targets. The UK government’s Department for Energy Security and Net Zero (DESNZ), which recently took over the energy portfolio from the former Dep­ar­tment for Business, Energy & Industrial Strategy (BEIS), has published documents about its Offshore Coordination Support Scheme (OCSS), which aims to support the development of coordinated offshore wind transmission (OWT) infrastructure.

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O&M Opportunity: Wind market trends and outlook

O&M Opportunity: Wind market trends and outlook

April 23, 2023 |

The operations and maintenance (O&M) of wind power plants plays a key role in the development of the wi­nd energy segment and the broader energy transition, by ensuring that wind turbines are able to operate at their full pot­ential during their useful life. In addition, the after-sales service business continues to be an increasingly important so­urce of revenue and employment for the wind industry.

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IberBlue Wind plans to construct 1.9 GW offshore wind projects

IberBlue Wind plans to construct 1.9 GW offshore wind projects

April 11, 2023 |

IberBlue Wind, an offshore floating wind farm developer, has announced the development of two projects with 1.96 GW installed capacity off the shores of Spain and Portugal. The two plants, Juan Sebastián Elcano and Creoula, will be built offshore from Pontevedra and Viana do Castelo. With a combined installed capacity of more than 1.4 GW, Creoula will have 80 turbines with a capacity of 18 MW, compared to 29 turbines at Juan Sebastián Elcano, an offshore facility with a 522 MW capacity.

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Germany implements plans and strategies to meet its offshore wind targets

Germany implements plans and strategies to meet its offshore wind targets

April 2, 2023 |

Germany is focusing on rapid offsho­re wind energy development to de­carbonise its energy systems as part of its energy transition, also known as Energiewende, and ensure energy security in the wake of the Russia-Ukraine war, which has had a significant impact on the entire European Union. The country aims to increase the share of renewable energy in power consumption to at least 80 per cent by 2030 and 100 per cent by 2035 (compared to around 49 per cent at the end of 2022).

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Norwegian government launches first tenders for offshore wind power

Norwegian government launches first tenders for offshore wind power

March 30, 2023 |

The Norwegian government has opened the first national bids for the construction of offshore wind farms. The government is asking for bids for two areas on the Norwegian continental shelf, Srlige Nordsj II and Utsira Nord. The first tenders mark a huge step towards Norway’s ambition to produce 30 GW of offshore wind by 2040.

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