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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Vestas, a Danish wind turbine maker, has signed an agreement to supply wind turbines to EnBW for the 900 MW He Dreiht offshore project in Germany on a conditional basis. The agreement was reached after EnBW pre-selected Vestas to supply the offshore wind turbines for the project through an EU tender process in July 2021.
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Ørsted has finalised four partnerships to develop early-stage solar and onshore wind projects across Spain by participating in upcoming grid auctions. The company has signed partnerships with Glide Energy, Rolwind, ARBA Energías Renovables and Ereda. To support this strategy, Ørsted has established a team and an office in Madrid.
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Wallenstam, a Swedish property company, has announced the sale of three wind farms in Sweden to Jämtkraft, a Swedish energy company, for an undisclosed sum. Wallenstam stated that the sale is part of its strategy to restructure its wind energy portfolio.
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Governments around the world are looking to accelerate and broaden the scope of their renewables programs to help reduce their reliance on imported energy at this volatile and unpredictable time. Here, key developments within 10 markets that are taking interesting and varied approaches to trying to secure their energy supplies are explored — from the tripling of onshore wind and solar in Germany to green hydrogen investment in India.
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Masdar has inked two agreements with Azerbaijan to develop 4 GW of clean and renewable energy projects. The company’s agreements with the Ministry of Energy of Azerbaijan offer the possibility of developing an additional 6 GW in a second phase, raising the total production capacity of the projects to 10 GW.
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Engie has partnered with Google to build an artificial intelligence (AI)-based wind energy solution. Under the agreement, Engie and Google Cloud’s AI Services and Industry Solutions (AIIS) will collaborate to develop a solution that can predict the price and quantity of wind power to be sold in the market.
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Cbus Super, an Australian superannuation fund, has acquired a 10 per cent stake in Copenhagen Infrastructure Partners’ (CIP) 2.2 GW Star of the South offshore wind project. This follows Cbus’ investment in CIP’s flagship fund, CI IV, which owns the majority stake in Star of the South. No financial details of the deal have been disclosed. Star of the South will be constructed off the coast of Victoria’s Gippsland.
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Southwestern Electric Power (SWEPCO), a subsidiary of American Electric Power (AEP), is seeking approval from Arkansas, Louisiana, and Texas utility regulators to acquire three renewable energy projects. Mooringsport, a 200 MW solar farm in Caddo Parish, Louisiana, and Diversion, a 200.6 MW wind farm in Baylor County, Texas, are two of the companies’ targets. SWEPCO is also looking to purchase Wagon Wheel, a 598.4 MW wind farm in Oklahoma’s Garfield, Kingfisher, Logan, Payne, and Noble counties.
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ACCIONA Energía, a Spanish renewable energy company, has purchased a 24 percent investment in Eolink, a French start-up that creates floating foundations for offshore wind farms. Acciona Energía invested in Eolink by taking part in the French company’s financing round. No financial terms or other details of the investment have been disclosed by the company.
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Renewable Power Capital (RPC), a UK-based energy investment group, has agreed to acquire four ready-to-build onshore wind projects in Sweden with a total capacity of 528 MW. The $856 million deal includes acquisition costs as well as the funds required to build the projects. The four projects, which are in the municipalities of Kramfors and Sollefte in Sweden, are expected to begin exporting power to the country’s national grid in 2025.
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