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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On May 26, 2022, the US Bureau of Ocean Energy Management (BOEM) issued a Proposed Sale Notice (PSN) that includes three proposed lease areas in the Morro Bay Wind Energy Area (WEA) off central California and two proposed lease areas in the Humboldt WEA off northern California. The lease sale in two regions hundreds of miles apart is novel. Taken together, the five proposed lease areas total approximately 373,268 acres that have the potential to unlock over 4.5 gigawatts of offshore wind energy.
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NREL released a report outlining supply chain needs required to reach the United States’ national offshore wind goal of 30 gigawatts by 2030. With international offshore wind supply chains already near capacity, there is an immediate need to develop a domestic network to scale up this industry. This report estimates achieving 30 GW of offshore wind capacity will require at least 2,100 wind turbines and foundations and 6,800 miles of cable.
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Siemens Gamesa has announced that it will supply the Serbian state utility EPS with a 66 MW wind power project. Siemens Gamesa will supply 20 SG 3.3-132 turbines to the Kostolac wind project in Serbia, which will be the company’s first in the country. They will be fully installed in 2024. These turbines have a rated power of up to 3.65 MW.
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Germany is urgently gearing up for a major electricity policy revamp impelled by the ongoing geopolitical circumstances and the need to secure its future national energy supply besides achieving its climate goals. The comprehensive energy package outlines new frameworks for renewables, power grids and markets in order to ensure that the country is on track to achieve climate neutrality in the electricity sector by 2035, with an interim target of 80 per cent renewable electricity (or 600 TWh) by 2030.
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Europe’s wind energy sector is entering uncharted territory as inflation rears its head for the first time in two decades. The new environment is prompting companies to look more closely at portfolio management. Meanwhile, a trend to lock in long-tenor original equipment manufacturer (OEM) operations and maintenance (O&M) service agreements, to mirror the project finance tenor, may be leaving value on the table for the sake of minimising the downside risk for banks.
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CS Energy, an Australian electricity company, has signed a MoU with EDF Renewables for the construction of the 230 MW Banana Range Wind Farm in Central Queensland. The Banana Range Wind Farm, which will be in the Biloela region, will be able to generate enough clean energy to power 15,000 homes. During the construction phase, the project is planned to provide 150 jobs. Construction on the site is set to begin in 2024, with the project slated to be completed in 2026.
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Enel Green Power España (EGPE), a subsidiary of Endesa, has connected its 180 MW Tico Wind farm in Spain to the country’s energy grid. The Tico Wind project, which is in Villar de los Navarros, Zaragoza, entails a $193 million investment. It can generate 471 GWh of green electricity per year and displace 192,200 tonnes of carbon emissions a year.
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BluEarth Renewables US, a renewable energy company, has purchased a 1 GW wind and solar development project in Colorado from NorthRenew Energy for an undisclosed sum. The Eads Wind and Solar Project is located in Kiowa and Cheyenne Counties and is expected to be completed in multiple phases.
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The winners of the Solar Energy Corporation of India’s (SECI) auction (Tranche-XII) for the 1.2 GW interstate transmission system (ISTS)-connected wind power projects are NTPC Renewable Energy Limited, Halvad Renewables (EDF Renewables), JSW Neo Energy, and Torrent Power. NTPC Renewables won 200 MW for Rs 2.89 per kWh, while EDF won 300 MW for Rs 2.93 per kWh. JSW and Torrent Power were awarded 300 MW each at Rs 2.94 per kWh.
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Falck Renewables and BlueFloat Energy, two European energy companies, have joined forces to build a 975 MW floating wind farm off the coast of Sardinia. The Tibula Energia project will be located between 25 and 40 km off the island’s north-eastern coast and will include 62 floating wind turbines which will be “almost imperceptible” from the ground.
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