BHE Renewables announced it has completed the acquisition of the 54 MW Independence wind energy project from RPM Access LLC. Located near Ryan, Iowa, the project consists 18 GE 2.8 MW wind turbines and two GE 2.3 MW wind turbines and will be completed in the fourth quarter 2021. The project will serve Central Iowa Power Cooperative under a 20-year power purchase agreement.
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The article forecasts renewables growth in the Irish power sector. It specifies new and emerging technologies that will become mainstream. It gauges the attractiveness of the market for large developers and the scope of investments in the market.
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Ørsted has entered into an agreement with Brookfield Renewable to acquire a 100% equity interest in its existing Ireland and UK onshore wind business, Brookfield Renewable Ireland (BRI). With this transaction, Ørsted will enter the European onshore wind market. The transaction is expected to close by Q2 2021 and BRI’s existing management team will continue to run the business which will be integrated into Ørsted’s Onshore business unit over time.
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According to publicly available BNEF data, at the end of 2019, the cumulative PPA capacity contracted from renewable energy sources (excluding green tariffs) was approximately 27.2 GW, with higher penetration of wind energy in comparison to solar. The 11.2 GW of additional PPAs signed in 2019 alone represents more than 40 percent of the total corporate-contracted capacity since 2009.
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The US government has unveiled a plan to install wind farms at sea to provide power to more than 10 million homes by 2030 and thus contribute to efforts against climate change. The plan aims to produce 30 GW of wind power in the country by 2021, according to an official statement. The goal will require investments estimated at more than $12 billion a year along the Atlantic and Pacific coasts.
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Developed by Genneia, the Chubut Norte II Wind Farm has now been launched. The wind farm has been set up at an investment of $39 million. With an installed power capacity of 26.28 MW, the wind power plant will generate 120 GWh of electricity per year.
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ReNew Power has commissioned a 300 MW wind power plant in Gujarat, India. The project was previously awarded to ReNew’s operating subsidiary ReNew Wind Energy (AP2) Private Limited in a competitive e-reverse auction conducted by Solar Energy Corporation of India Limited. The project is located in Gujarat’s Kutch District and will provide clean energy to the Indian states of Haryana and Odisha at a tariff of Rs 2.44 per kWh.
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According to Global Wind Energy Council’s (GWEC’s) “Global Wind Report 2021”, 2020 saw global new wind power installations surpass 90 GW, a 53% growth compared to 2019, bringing total installed capacity to 743 GW, a growth of 14% compared to last year. Going forward, offshore wind and wind-solar hybrids have the highest potential to make green hydrogen commercial.
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The global wind turbine gearbox market is expected to grow by $3.51 billion during 2021-2025, according to a report published by Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the Covid-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a compound annual growth rate of over 5 per cent.
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In 2020, 821 MW of new wind power capacity was installed in Africa and the Middle East, bringing total capacity in the region to over 7 GW, which helps to avoid 10.7 million tonnes of CO2 emissions annually – equivalent to taking 2.3 million passenger cars off the road. South Africa installed 515 MW of new wind power capacity in 2020, making it the number one market for new annual installations last year as well as for cumulative installations.
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EDP renewables have announced that it will invest Euro 24 billion towards doubling its solar and wind capacity from 12 GW to 25 GW by 2025. With this goal, the company also aims to be coal-free by 2025 and completely source power from green energy in 2030 by expanding its renewable energy portfolio to 50 GW. The company also intends to increase its solar generation capacity ten-fold.
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The global offshore wind turbine market is expected to grow to $68,869.3 million by 2026, from $24,683.3 million in 2019, according to P&S Intelligence. According to their analysis, Asia-Pacific would account for a considerable share in the offshore wind turbine market going forward because of the high dependence on fossil fuels for electricity.
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Falck Renewables has that it has connected its 74.1 MW Brattmyrliden wind farm in Sweden to the grid. The project is located in the Ornskoldsvik municipality and is set to generate 263.5 GWh annually which will power about 52,700 homes in the country. The project is owned by Falck Renewables’ subsidiary Brattmyrliden Vind AB and consists of 19 N133 wind turbines supplied by Nordex SE. The turbines are currently in the final testing phase before it reaches full commercial operations by the end of June 2021.
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Just 1% of the world’s offshore wind resource could provide 10% of our electricity demand. By 2030, it’s expected that over 230 GW of offshore wind will be operating globally; a seven-fold increase from the 32 GW today. New, emerging markets will contribute to this increasing capacity and offshore wind can play a significant role in their future economic growth.
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The global wind turbine operations and maintenance market is expected to reach $27.6 billion by 2027 from $17.9 billion in 2020 growing at a CAGR of 6.4 per cent over the period, according to Research and Markets. The onshore wind turbine O&M market, one of the segments analyzed in the report, is projected to record a CAGR of 4.7 per cent and reach $22.3 billion by the end of the analysis period.
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BP and Equinor have completed the formation of their strategic partnership for offshore wind projects in the US. This includes BP’s $1.1 billion purchase from Equinor of a 50 per cent stake in two major lease areas off the US East Coast. The new partnership will develop up to two projects with a cumulative capacity of 4.4 GW.
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California Energy & Power (CE&P), a US vertical axis wind turbines (VAWT) wind turbine company, has secured its first commercial purchase orders from the Hansei Corporation, an engineering, procurement, and construction company in the Philippines. Initial turbines will be deployed in strategic locations in the Philippines, with plans to deploy the company’s CALI series VAWTs along a newly built expressway project to provide electricity for lighting systems, signaling/protection, and electronic vehicle charging stations.
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Avangrid Renewables announced the commissioning of its 154.8 MW Tatanka Ridge Wind Farm. The project consists of 56 wind turbines and is located in Deuel County, S.D., northeast of Brookings. Further, the wind farm is owned by Tatanka Ridge Wind, LLC, a joint venture between Avangrid Renewables and WEC Energy Group. The wind farm has penned a power purchase agreement with the Dairyland Power Cooperative for 51.6 MW of its capacity.
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Siemens Gamesa has secured its largest order to date in Vietnam for a 117 MW wind farm. The wind farm is expected to be commissioned in the third quarter of 2021 and will generate enough electricity to power the demands of 248,000 people.
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Consumers Energy has completed its Gratiot Farms Wind Project, which is now operational in Michigan. The project consists of 60 wind turbines with a cumulative capacity of150 MW capacity, which is enough to supply power to about 58,000 residents.
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