Category: Wind Power

Managing US Offshore Wind Amid Uncertainty: Report

Despite current headwinds from the Trump administration, offshore wind energy is essential for transitioning away from harmful fossil fuels to a clean energy economy. Offshore wind could provide more than three times the electricity required to power the United States, giving the country an opportunity to fight climate change, reduce local and regional air and water pollution, and grow a new industry that supports thousands of high-quality careers.

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Rethinking Data Centres: Exploring co-location with PSPs, offshore wind and floating solar

As hyperscale facilities grow, the sector will need reliable round-the-clock power, adequate transmission capacity, cooling infrastructure and large tracts of land. Given this scenario, renewable energy backed by pumped storage projects (PSPs) could provide firm power for these facilities, while offshore and floating data centres could help address land and cooling constraints in coastal locations. These models could help reduce pressure on land, transmission networks and freshwater resources.

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Singapore approves 1.3 GW clean power imports 

Singapore’s Energy Market Authority has given conditional approval to the Vietnam-Malaysia-Singapore renewable electricity initiative. The approval was granted to Sembcorp Utilities Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries and the designated importer for the proposed project. The initiative plans to import up to 1.3 GW of renewable electricity into Singapore through a regional power corridor connecting Vietnam, Malaysia and Singapore.

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Encavis signs hybrid PPA with Visalia in Spain

Encavis has signed a hybrid power purchase agreement (PPA) with Visalia in Spain. Under the three-and-a-half-year agreement, Encavis will supply 60 GWh of renewable electricity annually from its 199 MW Aragon portfolio near Zaragoza. The portfolio consists of two solar parks and three wind farms. Visalia operates more than 500 urban renewable energy generation facilities, along with over 1,000 km of electricity distribution and high-speed fibre-optic networks.

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Nordex enters New Zealand market

Nordex Group has received an order from Mercury for 40 N133/4.8 wind turbines with a total capacity of 192 MW. The turbines will be installed at the Puke Kapo Hau wind farm in the Otago region on New Zealand’s South Island. Furthermore, Nordex and Mercury have signed a 30-year service agreement for the project. Installation of the first turbine, which will be mounted on a 90-metre tubular steel tower, is expected to begin in early 2028, with the first unit scheduled to be commissioned by mid-2028.

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IGNIS sells 656 MW renewable energy portfolio in Italy 

IGNIS has completed the sale of a 656 MW portfolio of renewable energy projects in Italy. The portfolio has been acquired by flyRen Energy Group SpA, which is backed by Foresight Energy Infrastructure Partners II. The portfolio comprises 28 projects, including solar photovoltaic (PV), battery-hybrid, and wind projects at various stages of development. The sale is part of the company’s asset rotation strategy, with ValeCap serving as financial adviser and Green Horse Legal Advisory and DWF as legal advisers.

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ACCIONA to develop 2 GW offshore wind transmission project 

ACCIONA has been selected as the development partner for the Gippsland offshore wind transmission project in Victoria, Australia. The 2 GW project will support the connection of offshore wind generation in Gippsland to Victoria’s electricity grid.  Furthermore, ACCIONA will contribute its expertise in financing, design, construction, operation and maintenance as the project progresses towards delivery.

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Ørsted to acquire 172 MW offshore wind farm in UK

Ørsted has exercised its buyback right to acquire the remaining 49.9 per cent stake in the 172 MW Gunfleet Sands 1 & 2 offshore wind farm in the UK for approximately £15 million. Ørsted currently owns 50.1 per cent of the project. The transaction is expected to be completed in November. The project is located 7 km off the Essex coast in the UK and has been operational since 2010.

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Greenvolt bags financing for 253.1 MW wind project in Romania

Greenvolt Power has raised € 284 million in project financing for its 253.1 MW wind project in Gurbănești, located east of Bucharest, Romania. The project is currently under construction and is expected to begin commercial operations by the end of 2027. It will comprise 42 wind turbines, each with a capacity of 6.1 MW. The financing has been arranged through a syndicate of eight financial institutions.

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Cargill signs wind VPPA in US

Cargill is expanding its renewable electricity portfolio in the US through solar and wind projects in Oklahoma and South Dakota. It has signed a 12.6-year virtual power purchase agreement (VPPA) for 87 MW of wind power from the Sweetland wind project in South Dakota. The project is expected to generate about 392,000 MWh of renewable electricity annually and support a reduction of around 162,000 metric tonnes of carbon emissions each year from Cargill’s operations.

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Scatec and EDF begin construction of 900 MW wind project in Egypt

Scatec, in partnership with EDF Power Solutions, has commenced construction of the 900 MW Shadwan onshore wind project in Egypt. The project has a total capital expenditure of $716 million and is expected to generate around 4 TWh of electricity annually. Additionally, Scatec has signed a 3-year equity bridge loan agreement worth $150 million with The Arab Energy Fund, including $50 million for Shadwan and $100 million for the 1,950 MW solar and 3,935 MWh battery energy storage system Energy Valley project.

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Atmos Renewables reaches financial closure for 870 MW wind and BESS projects in Australia 

Atmos Renewables, the Australian renewables business of Igneo Infrastructure Partners, has reached financial closure on two projects supported by the Australian Government’s Capacity Investment Scheme (CIS). The projects are the 400 MW/1,600 MWh Teebar battery energy storage system (BESS) project in Queensland and the 470 MW Parron Maam Marang wind farm in Western Australia.

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Foresight reaches financial close for Kondinin wind farm in Australia

Foresight has reached financial close for the 130 MW first stage of the Kondinin wind farm in Western Australia’s Wheatbelt, securing A$430 million in debt financing. The financing has been provided by Australia and New Zealand Banking Group, Commonwealth Bank of Australia, Deutsche Bank, HSBC and Westpac. The financial close will allow construction of stage 1 to begin.

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ERG and Glencore sign 164 GWh wind PPA in Poland

ERG has signed a five-year power purchase agreement (PPA) with Glencore Energy Europe B.V. for electricity generated from three wind farms in Poland. The agreement will commence on January 1, 2027 and will cover 164 GWh of renewable electricity annually. The agreement includes power from the Radziejów, Słupia and Szydłowo wind farms, accounting for approximately 70 per cent of their expected output.

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New York awards 1.7 GW clean energy projects 

New York State Energy Research and Development Authority (NYSERDA) has awarded contracts to eight battery storage projects and 13 large-scale renewable energy projects. Together, these projects represent 1.7 GW of new capacity and over $3.7 billion in private investment. BESS projects will add 950 MW of capacity, with durations ranging from four to eight hours while the 13 renewable energy projects will add over 719 MW of capacity and comprise solar, onshore wind, and hydropower. The projects are expected to be operational by the end of 2030.

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ESR to acquire Aquila Clean Energy APAC 

ESR has signed an agreement to acquire 100 per cent of Aquila Clean Energy APAC from Aquila Group. Aquila Clean Energy APAC develops, owns and operates solar, battery storage and wind projects across Asia-Pacific. The platform has a 1.6 GW portfolio of operational, under-construction and advanced-development assets across Australia, New Zealand, South Korea, Japan and Taiwan.

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The Economics of Firm Solar and Wind: IRENA Insights

Solar and wind have become the cheapest sources of new electricity generation worldwide. As renewable penetration rises, however, the central challenge of the energy transition is increasingly one of adequacy and flexibility – ensuring that clean electricity is available when and where it is needed. This webinar presented findings from IRENA’s report, 24/7 Renewables: The Economics of Firm Solar and Wind, which introduces the firm leveled cost of electricity (firm LCOE): a project-level benchmark that adds battery storage, generation overbuild and complementary renewables to the conventional LCOE.

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