Category: Wind Power

Biden Administration Proposes First-Ever California Offshore Wind Lease Sale

Biden Administration Proposes First-Ever California Offshore Wind Lease Sale

May 31, 2022 | , ,

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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US Offshore Wind Supply Chain: Report by NREL

US Offshore Wind Supply Chain: Report by NREL

May 31, 2022 | , , ,

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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German Easter Package targets 80 per cent renewables by 2030

German Easter Package targets 80 per cent renewables by 2030

May 30, 2022 | , ,

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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Paper on Wind O&M Costs in European Asset Management

Paper on Wind O&M Costs in European Asset Management

May 26, 2022 | , , ,

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 signs MoU with EDF Renewables for 230 MW wind farm

CS Energy signs MoU with EDF Renewables for 230 MW wind farm

May 26, 2022 | , ,

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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Four winners in India’s 1.2 GW wind auction

Four winners in India’s 1.2 GW wind auction

May 25, 2022 | , ,

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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Iberdrola begins to develop Korytnica II wind farm in Poland

Iberdrola begins to develop Korytnica II wind farm in Poland

May 24, 2022 | , ,

Iberdrola, a Spanish energy company, has started construction on the 50.5 MW Korytnica II wind farm in Poland. The plant, which is located north of Warsaw in the Mazowieckie region, would increase the company’s onshore wind power capacity in Poland to 163 MW. Iberdrola already operates the 30 MW Zopowy wind farm in the Opole region, as well as the 82.5 MW Korytnica I wind farm.

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Four European countries have set a 150 GW offshore wind target

Four European countries have set a 150 GW offshore wind target

May 23, 2022 | , ,

Germany, Belgium, the Netherlands, and Denmark inked an agreement in Esbjerg to produce 65 GW of offshore wind energy and 150 GW of green hydrogen by 2030 and 2050, respectively. Declaring their intention to become Europe’s Green Power Plant, the joint accord intends to tenfold the region’s offshore wind power capacity, with total private sector investments expected to reach €135 billion.

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Greenko to build massive renewable energy storage facility in India

Greenko to build massive renewable energy storage facility in India

May 20, 2022 | , , ,

The Greenko Group is setting up the world’s largest renewable energy storage plant in Kurnool, Andhra Pradesh. The 5,230 MW project is being set up at a cost of $3 billion. The project will have a total capacity of 3 GW of solar power, 550 MW of wind power, and 1,680 MW of pump storage capacity for six hours. ArcelorMittal has invested around $600 million in the project. ArcelorMittal’s investment will be used to construct 1 GW of solar energy capacity for the project. The project is expected to be commissioned by 2023.

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Vattenfall receives approval for 640 MW offshore wind farm in Sweden

Vattenfall receives approval for 640 MW offshore wind farm in Sweden

May 20, 2022 | , ,

Vattenfall, Sweden’s state-owned power company, has received permission from the Swedish government to build Kriegers Flak, a 640 MW offshore wind farm. The Kriegers Flak plant, located in the south of the Baltic Sea, will be equipped with 40 to 50 wind turbines and will generate around 2.6 TWh of green electricity per year. The offshore wind farm will generate enough clean energy to power more than 500,000 homes.

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Vattenfall inaugurates a 353 MW onshore wind farm in Sweden

Vattenfall inaugurates a 353 MW onshore wind farm in Sweden

May 18, 2022 | , ,

Vattenfall, Sweden’s state-owned power company, is set to open its Blakliden Fäbodberget onshore wind farm in the municipalities of Sele and Lycksele. Vattenfall owns a 30 per cent stake in the 353 MW wind farm, which is jointly owned by Vattenfall, Vestas, and AIP Management. The facility is equipped with 84 wind turbines and has the capacity to generate 1 tWh of clean energy, enough to power almost 220,000 homes in the area. 

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Assessment of Poland’s renewable energy policy

Assessment of Poland’s renewable energy policy

May 13, 2022 | , ,

The EPP2040 places an emphasis on increasing renewable electricity generation to drive the energy transition, especially on solar PV and offshore wind. It includes targets for solar PV capacity of 5-7 GW by 2030 and 10-16 GW by 2040, and for Poland to have 1 million prosumers using distributed renewables (mainly PV) by 2030. Although the EPP2040 was released in February 2021, it does not reflect the reality of PV deployment in Poland.

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US’s Energy Transition To Move Forward With Creative Solutions To Major Grid Connection Challenges

US’s Energy Transition To Move Forward With Creative Solutions To Major Grid Connection Challenges

May 13, 2022 | , ,

The US energy transition will see considerable new renewable capacity added over the decade, yet significant challenges remain to the sector’s growth. Non-hydropower renewables will continue to be the largest capacity growth segment in the US power market with over 200GW of new capacity expected between 2022 and 2031. We expect the segment’s share of total generation to rise from 17% to 27.7%.

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Corio and Ontario Teachers to set up 9 GW of global offshore wind capacity

Corio and Ontario Teachers to set up 9 GW of global offshore wind capacity

May 13, 2022 | , ,

Corio Generation, a portfolio company of Green Investment Group (GIG), has partnered with the Ontario Teachers’ Pension Plan Board (Ontario Teachers) to develop up to 9 GW of offshore wind capacity worldwide. The collaboration encompasses 14 fixed-bottom and floating projects that Corio is currently building in South Korea, Taiwan, Japan, Ireland, and the UK.

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