Category: Wind Power

Firm capacity in Central America: IRENA Report

Firm capacity in Central America: IRENA Report

August 11, 2023 | , , , ,

The regulatory component of IRENA’s Clean Energy Corridor of Central America (CECCA) initiative focuses on assessing solar and wind PPAs to ensure a level playing field for renewables vis-à-vis conventional generation, given that current frameworks appear to offer limited investment incentives for variable renewable energy (VRE). To support this work, IRENA developed this report to provide an overview on the use of firm capacity across countries in the region and for contracting power generated by renewables.

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EIB to support PGE for 2.5 GW offshore wind project

EIB to support PGE for 2.5 GW offshore wind project

August 9, 2023 | , ,

PGE Polska Grupa Energetyczna S.A. has announced that it has received an investment approval for its 2.5 GW Baltica offshore wind project from European Investment Bank (EIB). The company will receive a financing of € 1.4 billion. The project is located in Poland. The project involves 2 stages: the 1.5 GW Baltica 2 and 1 GW Baltica 3, expected to be completed by 2027 and the end of the decade, respectively.

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Offshore Wind Market in Vietnam: GWEC Paper

Offshore Wind Market in Vietnam: GWEC Paper

July 14, 2022 | , , ,

The higher overall 2045 targets for onshore and offshore wind can ensure Vietnam is on track for Net Zero by 2050. This paper outlines the urgent need for a Route to Market process to enable the installation of 7+ GW offshore wind by 2030. In particular, this paper analyses international experience of offshore wind project development timelines and procurement mechanisms to propose an appropriate pathway for Vietnam to meet its PDP 8 targets by 2030.

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Northland Power receives CPPA for offshore wind project in Taiwan

Northland Power receives CPPA for offshore wind project in Taiwan

July 13, 2022 | , ,

For its offshore wind farm in Taiwan, Canadian energy company Northland Power has entered into a corporate power purchase agreement (CPPA) with an investment-grade counterparty. In accordance with the 20-year CPPA, the buyer will receive all of the clean energy produced by the Hai Long 2B and 3 projects. The two projects will start operating in late 2026 and have a combined capacity of 744 MW.

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Offshore Wind in Western United States: Briefing

Offshore Wind in Western United States: Briefing

July 12, 2022 | , , ,

The United States’ West Coast has vast, untapped offshore wind resources to help decarbonize the country’s energy system. Offshore wind would diversify generation resources while reducing land-use conflicts in the Western U.S., where 80 percent of customers are served by utilities with net-zero carbon emission mandates. Coastal states make up 57 percent of Western electricity demand.

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Fourth round of UK’s CfD secures 11 GW of clean energy

Fourth round of UK’s CfD secures 11 GW of clean energy

July 11, 2022 | , ,

The fourth phase of the UK governments Contracts for Difference (CfD) scheme is perhaps the most successful so far, procuring around 11 GW across a variety of clean technologies. The largest capacity of over 7 GW has been acquired from new offshore wind projects off the coast of Great Britain. For the first time, new technologies such as tidal streams and floating offshore wind projects were successful in the fourth round.

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Eurowind Energy to set up five energy centers

Eurowind Energy to set up five energy centers

July 11, 2022 | , , , ,

In Denmark, Eurowind Energy intends to build five big land based energy facilities. The overall capacity of all the centres will be around 2.5 GW. According to the business, all five projects will include wind turbines, solar PV, batteries, and PtX hydrogen synthesis. In addition, the business intends to focus on integrating biogas and hydrogen refining into the centres.

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Strategy Paper for Establishment of Offshore Wind Energy Projects in India

Strategy Paper for Establishment of Offshore Wind Energy Projects in India

July 9, 2022 | , , ,

Preliminary studies carried out by NIWE across the coastline of India indicate good potential both off the southern tip of the country and the West coast for offshore wind farm development in India. Based on a multi-criteria approach involving assessment of various parameters such as wind resource, bathymetry etc., eight zones each off the coast of Gujarat and Tamil Nadu were identified as potential offshore wind energy zones.

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Hexicon forms JV for floating wind power projects in Greece

Hexicon forms JV for floating wind power projects in Greece

July 8, 2022 | , ,

The Yeonggwang Project, a 1.2 GW floating wind project off the south-west coast of South Korea, has been the subject of a sale and purchase agreement signed by offshore wind developer Hexicon Korea. According to the agreement, Hexicon Korea will sell its 40 per cent stake in the project to an undisclosed buyer, who will then become the project’s 100 per cent owner and take over its financial management moving forward.

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Enlight to acquire 525 MW of renewable project portfolio in Croatia

Enlight to acquire 525 MW of renewable project portfolio in Croatia

July 7, 2022 | , , ,

A 525 MW portfolio of renewable energy projects in Croatia will be purchased and jointly developed by Israel-based Enlight Renewable Energy for an undisclosed amount. The portfolio of renewable projects consists of a 139 MW wind project and four solar projects with a cumulative capacity of 386 MW. The projects are currently in various stages of development, and it is anticipated that construction work will start at the end of 2023 and run until 2025.

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RWE and Hellenic Petroleum to develop offshore projects in Greece

RWE and Hellenic Petroleum to develop offshore projects in Greece

July 6, 2022 | , ,

RWE, a German energy company and Hellenic Petroleum Holdings, a Greece-based oil firm have agreed to jointly explore offshore wind opportunities in Greece. Through their respective subsidiaries, RWE Renewables and HELPE Renewables, the companies collaborated to develop, construct, and operate wind farms off the coast of Greece.  The partnership comes as Greece plans to have 2 GW of operational offshore wind capacity by 2030.

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Plenitude and HitecVision to expand its Norwegian energy company Vårgrønn

Plenitude and HitecVision to expand its Norwegian energy company Vårgrønn

July 4, 2022 | , ,

Plenitude (Eni) and HitecVision have signed an agreement to expand their Norwegian renewable energy joint venture (JV), Vårgrønn. Vårgrønn will be transformed into a tangible, full-cycle offshore wind player by the partners. The JV intends to have a total installed and sanctioned offshore wind capacity of 5GW by 2030, with a primary focus on markets in Northern Europe.

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wpd and Australis to develop 1.4 GW offshore projects in Australia

wpd and Australis to develop 1.4 GW offshore projects in Australia

July 4, 2022 | , ,

wpd offshore Australia Holding, part of Germany’s wpd Group has signed a joint venture (JV) with Australis Energy to construct three offshore wind energy projects off the coast of Australia. The three offshore wind projects will be constructed in the coastal waters of Victoria, South Australia, and Western Australia, and will have a combined capacity of 1.4 GW.

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Strong offshore wind growth expected in the US from 2025 onwards: GWEC

Strong offshore wind growth expected in the US from 2025 onwards: GWEC

July 4, 2022 | , ,

Since the ambitious 30 GW by 2023 offshore wind target was released by the Biden–Harris Administration, there has been a noticeably positive attitude towards pushing the rollout of offshore wind on the political agenda. Although no new offshore wind turbines were installed in the US in 2022, the US offshore wind market continues to gain strong momentum in both state and federal waters.

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Vestas sells wind project in Mississippi to AES Corporation

Vestas sells wind project in Mississippi to AES Corporation

July 1, 2022 | , ,

Vestas, Danish wind turbine manufacturer, has announced the sale of its 183 MW Delta wind project in Mississippi, US, to the AES Corporation. No financial details have been disclosed. Vestas’ North American development arm, Steelhead Americas, is working on the Delta project. Reportedly , it would be the first wind project in Mississippi and would be situated at a higher altitude to access stronger wind speeds.

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DWO and EWP to develop offshore wind projects in South Korea

DWO and EWP to develop offshore wind projects in South Korea

July 1, 2022 | , ,

In order to construct offshore wind projects in South Korea, Norwegian offshore project developer Deep Wind Offshore (DWO) has joined forces with the nation’s state-owned energy company East West Power (EWP). DWO and EWP will concentrate on creating four floating and bottom-fixed projects far off the nation’s coast as part of their agreement. Together, these projects will have a capacity of more than 4 GW. 

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