In order to collaboratively develop offshore wind projects in Greece, Parkwind, a green energy company, located in Belgium, has teamed up with Intrakat, a Greek construction company. The collaboration is a component of Parkwind’s bigger international growth strategy. The agreement will combine Intrakat’s local infrastructure expertise and Parkwind’s expertise in offshore wind development.
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Wind and solar power generation lowered Turkey’s import bills by preventing seven billion USD fossil fuel imports in the last 12 months. In the following months, approximately 700 million USD in savings is expected each month if the gas price remains the same. While the Transmission System Operator reserves limited capacities for wind and solar, auctions attract 10-15 times more applications than the auctioned capacities.
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Aramco, the largest oil company in Saudi Arabia, plans to generate 12 GW of renewable energy by 2030. The company stated in its most recent sustainability report that it intends to decarbonize the power supply for Aramco’s operations by allocating the renewable energy credits from the investments. Reportedly, Saudi Arabia has a lot of potential for using solar energy because it receives over 300 days of sunlight annually.
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The Asian Renewable Energy Hub (AREH) has reached an agreement with bp to sell a 40.5 per cent stake in the large renewables and green hydrogen hub. AREH intends to gradually expand the production of onshore wind and solar energy in the Pilbara region of West Australia, and achieve an overall capacity of 26 GW of solar and wind energy. This project will provide energy exports to countries like Japan and South Korea in order to serve the domestic Australian market.
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Vattenfall, a Swedish energy company, has agreed to purchase an 85 per cent stake in two offshore wind farms in Gothenburg, Sweden, from Zephyr, a wind power company. The Vidar and Poseidon wind facilities will be constructed between 25 and 27 km north of Gothenburg, on the Swedish west coast.
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Equinor has begun a study with partners in the Troll and Oseberg fields to determine the feasibility of a 1 GW floating offshore wind farm in Norway. TotalEnergies, Shell, and ConocoPhillips, Equinor’s partners, plan to create the Trollvind floating offshore plant in the Troll area, which is located about 65 km west of Bergen.
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Equinor and Technip Energies, a French energy company, have decided to collaborate on the development of floating wind steel semi-substructures. The partnership intends to speed up the development of technology for floating offshore wind projects while also reducing costs and expanding local value prospects.
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Celsia, a power distribution company, has received a 369 MW wind turbine supply order with German wind turbine manufacturer Nordex Group for three wind projects in Colombia. Nordex will deliver 63 wind turbines to the Acacia II, Camelias, and Carreto wind farms as part of the contract. The Acacia II and Camelias wind projects are in the Guajira region of Colombia, while the Carreto wind project is in Atlantico.
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China’s wind market has witnessed a greater policy push in the recent times, encouraging greater innovation and investment in the sector. Certain advantages with regards to manufacturing of wind turbines have also contributed to China’s leading position in the segment. Given adequate policy and regulatory support, repowering activities can play a significant role in China’s wind market. Given the current trajectory, the country is likely to continue dominating the global wind energy market.
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EirGrid, Ireland’s state-owned electricity grid, has announced the final auction results for 1.9 GW of renewable energy capacity under the Renewable Electricity Support Scheme 2 (RESS 2). The auction resulted in the allocation of 414 MW of onshore wind capacity and 1,534 MW of solar capacity. The winning bids had a weighted average price of $101.80 per MWh.
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The paper outlines how an expanded renewable energy sector within Europe is fundamental for energy security, and the need to speed up and scale up onshore and offshore wind production across Europe. It reaffirms green hydrogen as the backbone for a decarbonized and more secure European energy supply.
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Renewable Power Capital (RPC), a UK-based energy investment firm, has signed a grid connection agreement with E.ON Energy Distribution for four wind farms in Sweden’s Sollefte and Kramfors municipalities. The agreement would deliver up to 561 MW of clean energy to regional and national systems from four wind facilities.
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Nordex Group, a German wind turbine manufacturer, has secured a 105 MW turbine supply order for the Krivaca wind farm in Serbia. The Krivaca wind project is located in the municipalities of Golubac, Kucevo, and Veliko Gradiste in eastern Serbia. It will have the capacity to generate 310 GWh of clean energy per year, which is approximately 1 per cent of the country’s total power consumption.
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Corio Generation, an offshore wind developer, has announced plans to develop five offshore wind farms in Brazil with a total capacity of more than 5 GW. The five fixed-bottom offshore wind projects were constructed in partnership with Servtec Energia, a Brazilian power generation company. Corio plans to build the Guarita and Cassino offshore wind farms, both of which will have more than 1.2 GW of capacity, off the coast of Brazil.
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Siemens Gamesa, a Spanish wind turbine manufacturer, has received an order from Vena Energy, a Singapore-based company, to deliver wind turbines for a 133 MW wind project in Karnataka, India. As per the agreement, Siemens Gamesa will supply 37 of its 3.X platform turbines, known as SG 3.6-145, for the project. The turbines would be manufactured at Siemens Gamesa’s facilities in India, and installation work at the site is slated to begin in 2023.
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Equinor and BP have collaborated to launch an offshore wind innovation hub in New York, with the aim of facilitating partnerships with start-ups. The programme is the product of a three-year collaboration between the NY Tandon School of Engineering’s Urban Future Lab (UFL), Equinor, and the National Offshore Wind R&D Consortium, which is sponsored by the New York City Economic Development Corporation.
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Innergex Renewable Energy, based in Canada, has completed the $685.6 million acquisition of Aela Generación and Aela Energa, together known as Aela. Aela was founded in 2013 by a joint venture between Mainstream Renewable Power, a global renewable energy project developer, and Actis, a global sustainable infrastructure investor.
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Governments in South Asia have been committing more towards renewable energy in their national policy targets, but further efforts are required to develop the enabling policies, institutions and market to attract more investments. Covid-19 stimulus packages for the energy sector should not only be centred around clean energy but also be accompanied by market mechanisms that would incentivise investors and unpack the technological potential of integrating more renewable energy into the grid.
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Rio Tinto Group, an Anglo-Australian mining company, has issued a request for proposal (RFP) to develop 4 GW of utility-scale wind and solar power projects for its aluminium projects in central and southern Queensland, bordering south Australia. The large-scale renewable projects would assist the company in achieving its climate change targets, which are aligned with the Paris Accord.
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Iberdrola, a Spanish energy company, has announced the start of operations at its 33.6 MW Mikronoros wind farm in Greece. The wind project, which is located in Rhodopes, Thrace, consists eight V150 4.2 MW wind turbines, each with a hub height of 105 metres and a rotor diameter of 150 metres. The wind power project will provide renewable power to over 34,000 homes.
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