Tag: wind energy

ACWA Power, Badeel and SAPCO to develop 15 GW of clean energy projects in Saudi Arabia

ACWA Power, Badeel and SAPCO to develop 15 GW of clean energy projects in Saudi Arabia

July 15, 2025 | , , ,

ACWA Power, in partnership with Badeel and SAPCO, has entered into PPAs with the Saudi Power Procurement Company (SPPC) for the development of seven utility-scale renewable energy projects. These include five solar photovoltaic (PV) plants and two wind power projects, with a cumulative generation capacity of 15 GW. The projects, with an estimated investment of $8.3 billion, are planned to add 12 GW of solar PV and 3 GW of wind energy.

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Ørsted secures financing for Greater Changhua 2 project in Taiwan

Ørsted secures financing for Greater Changhua 2 project in Taiwan

July 14, 2025 | , ,

Ørsted has reached financial close on a project finance package to raise around TWD 90 billion for the Greater Changhua 2 project. It is a 632 MW offshore wind farm and is located about 50 to 60 km off the coast of Changhua. The project consists of Greater Changhua 2a and Greater Changhua 2b. Greater Changhua 2a is operational, whereas Greater Changhua 2b is under construction and is expected to be commissioned towards the end of 2025.

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Market trends and outlook for the Indian wind power sector

Market trends and outlook for the Indian wind power sector

July 14, 2025 | , ,

India’s wind energy sector is gaining momentum, underpinned by strong policy backing, a rising demand for clean energy and an ambition to meet global climate commitments. In 2024-25, the country added 4.1 GW of new wind capacity. As of May 2025, the cumulative installed wind power capacity has reached nearly 50 GW, as per the Ministry of New and Renewable Energy (MNRE). Much of this recent capacity addition has been concentrated in the leading wind-rich states such as Gujarat, Karnataka and Tamil Nadu.

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Masdar and Iberdrola expand partnership in Europe

Masdar and Iberdrola expand partnership in Europe

July 11, 2025 | ,

The partnership of Masdar and Iberdrola has reached two milestones in UK and Germany. In UK, the two companies will co-invest €5.2 billion in the East Anglia THREE offshore wind farm. The project has a capacity of 1.4 GW, and each company will have a 50 per cent stake in and co-governance of the asset. The project is located off the Suffolk coast in the UK and is expected to come into initial operation in the fourth quarter of 2026. 

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Trump to eliminate wind and solar subsidies

Trump to eliminate wind and solar subsidies

July 9, 2025 | , , ,

US President Donald Trump has signed an executive order for the elimination of subsidies for unreliable green energy sources like wind and solar. The move is in furtherance of the One Big Beautiful Bill Act. It directs the Secretary of the Treasury to terminate the clean electricity production and investment tax credits for wind and solar facilities. It also instructs for the implementation of the enhanced Foreign Entity of Concern restrictions.

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Ecopetrol completes acquisition of Wind Autogeneración SAS

Ecopetrol completes acquisition of Wind Autogeneración SAS

July 9, 2025 | , ,

Ecopetrol SA (Ecopetrol) has fully acquired the shares of Compañía Wind Autogeneración SAS, which is the owner of the Windpeshi wind project. The project is situated in La Guajira between the municipalities of Uribia and Maicao. It has a capacity of 205 MW for wind energy production. Furthermore, the Windpeshi project will be integrated into the self-consumption portfolio of Ecopetrol Group.

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Deep Wind Offshore secures license for offshore wind project in South Korea

Deep Wind Offshore secures license for offshore wind project in South Korea

July 7, 2025 | , ,

Deep Wind Offshore’s Admiral Lee offshore wind project has secured its first electricity business license with an installed capacity of 345 MW. The license has been received from Korea’s Electricity Regulatory Commission under the Ministry of Trade, Industry, and Energy (MOTIE). The offshore wind project is being developed based on a partnership between Deep Wind Offshore and Korea Hydro & Nuclear Power.

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Gamuda inks agreement to co-develop renewable energy projects in Australia

Gamuda inks agreement to co-develop renewable energy projects in Australia

July 4, 2025 | , , , ,

Gamuda Bhd (Gamuda) has inked an agreement with the Downie family to co-develop a portfolio of large-scale renewable energy projects in Central Tasmania, Australia. Under the agreement, Gamuda will take an unspecified equity stake in the portfolio. The portfolio has a combined capacity of 600 MW of wind and solar energy and up to 600 MW of battery storage. Reportedly, the project costs have not been disclosed.

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The Senate approves the One Big Beautiful Bill in US

The Senate approves the One Big Beautiful Bill in US

July 3, 2025 | ,

The US Senate has passed the One Big Beautiful Bill, bringing changes to the country’s renewable energy framework. The bill was passed with a 51-50 vote, with Vice President JD Vance casting the tie-breaking vote. The bill introduces an accelerated phase-out of tax credits for wind and solar energy projects. The projects must begin construction before June 2026 and be operational by the end of 2027 to qualify for the production and investment tax credits.

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UK Energy Trends: Paper

UK Energy Trends: Paper

July 2, 2025 | , ,

Renewable electricity generation dropped 4.9 percentage points to 46.3 per cent of total generation in the first quarter of 2025. Wind generation provided 28.5 per cent of the total generation, short of the 38.1 per cent provided by gas. Renewable generation capacity increased by 6 per cent on the same period last year, slightly below the average growth rate of the last three years. UK energy production fell 2 per cent last year, mainly due to a fall in gas output stemming from the maturity of the basin, and low wind output from lower wind speeds.

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Scaling Circularity in Renewables: Paper

Scaling Circularity in Renewables: Paper

July 2, 2025 | ,

The paper concludes that responsible renewables deployment requires balancing rapid capacity expansion with long-term sustainability, community benefits and environmental stewardship. Circularity serves as a key lever to facilitate responsible renewable energy deployment, enhancing the sector’s ability to achieve these interconnected goals while delivering people-positive and nature-positive outcomes. The case studies highlighted here demonstrate that circular practices in renewable energy are gaining momentum across diverse markets.

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Energy Transition Policies in China

Energy Transition Policies in China

June 30, 2025 | ,

In the past decade, China has accelerated its energy transition significantly. China has added more than 1000 GW of renewable capacity between 2014 and 2023, representing a jump of over 250% in its national renewable energy capacity and accounting for one-third of global investment in clean energy in 2023. However, in terms of reflecting justice in policy sample, this cutting-edge role is missing. Besides limited sample size, it was also the policies’ wording that left many aspects of justice ambiguous.

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Invenergy and Meta expand partnership with new renewable energy agreements 

Invenergy and Meta expand partnership with new renewable energy agreements 

June 27, 2025 | , , ,

Invenergy and Meta have inked four agreements to supply an additional 791 MW of procured solar and wind energy. The agreements will deliver near-term energy to support Meta’s operations, data center growth, and clean energy goals. The agreements are contracted through four Invenergy developed facilities, which are the 300 MW Yellow Wood Solar Energy Center, 140 MW Pleasant Prairie Solar Energy Center, and 155 MW Decoy Solar Energy Center.

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Global Status of Renewables: Report

Global Status of Renewables: Report

June 27, 2025 | ,

The report “Renewables 2025 Global Status Report” by REN21 highlights that in 2024, global renewable power capacity increased 18%, adding a record-breaking 741 GW. Solar PV was the primary driver, contributing 602 GW and accounting for 81% of the total capacity increase. Wind energy followed, adding 117 GW globally. Other renewable sources – whether for power, heat or transport fuels – accounted for only small additions to the global energy supply. China was the dominant contributor to new renewable power deployment, responsible for 60% of the global total. The Group of Seven (G7) nations accounted for just around 14%.

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Renewable Energy Finance in Bangladesh: Report

Renewable Energy Finance in Bangladesh: Report

June 27, 2025 | , ,

Bangladesh will require up to US$980 million annually until 2030 to meet the goal set out in the Renewable Energy Policy 2025. Post-2030, the country will need up to US$1.46 billion annually until 2040. Policy uncertainty, offtaker and currency risk, land acquisition challenges, and a downgraded sovereign rating may limit capital flows into the renewable energy sector in Bangladesh. A credit risk guarantee scheme, a dedicated green finance facility with scope for prefinance, and an import duty waiver on solar accessories can help accelerate the flow of finance for small-scale renewable energy projects. The country needs to create an enabling environment for investment in utility-scale projects through streamlined policy and regulations.

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Türkiye’s hybrid solar potential is more than 8 GW: EMBER

Türkiye’s hybrid solar potential is more than 8 GW: EMBER

June 23, 2025 | , ,

The limited capacity of Türkiye’s electricity grid is negatively affecting the growth of renewable energy capacity. Across both transmission and distribution levels, the available capacity for unlicensed plants in Türkiye is only 0.52 GW. This slows down the realisation of new solar investments in Türkiye, a country with high solar potential. The investment costs required for new grid infrastructure are among the main barriers to increasing capacity allocations. According to TEİAŞ’s 2024–2028 Strategic Plan, 74% of the total 362 billion TL budget planned for the five-year period will be allocated to the renewal and development of the electricity grid. According to the analysis conducted by TEİAŞ and published in its Strategic Plan to assess external factors that may affect its operations and strategic decisions, economic factors have been identified as the second most important element likely to impact the organisation in the future, after technological factors.

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Crown Estate to invest €400 million in UK’s offshore wind supply chain 

Crown Estate to invest €400 million in UK’s offshore wind supply chain 

June 19, 2025 | , ,

The Crown Estate has outlined a proposal to invest up to €400 million of capital in the supply chain to boost the UK’s offshore wind sector. The investment will support the construction of new infrastructure, including ports, supply chain manufacturing, research and testing facilities, to enable the deployment of offshore wind across UK. The capital will be made available through two targeted programmes, which are now live.

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Scatec ASA inks PPA for 900 MW onshore wind project in Egypt

Scatec ASA inks PPA for 900 MW onshore wind project in Egypt

June 17, 2025 | , ,

Scatec ASA, through its dedicated project company, Shadwan Wind Power SAE, has inked a USD-denominated 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC). The agreement is for a 900 MW onshore wind project in Ras Shukeir, Egypt. Furthermore, the signing of the PPA will be followed by wind measurements on the site. The measurements are to be finalised in the first half of 2026.

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Taxation of Renewable Energy 2025: Report

Taxation of Renewable Energy 2025: Report

June 13, 2025 | , , ,

This report by KPMG now provides an overview of taxation across the renewable energy sector, which has prompted the change in its title. In many countries, renewable energy production is subject to standard corporate income tax (CIT) rates, which range from 12.5% in Ireland to as high as 35% in Argentina and India. Generally, most countries impose CIT on renewable energy production within the 20% to 30% range. It’s important to note that applicable tax rates vary due to local regulations, so please refer to the relevant country sections for specific details. 

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Origis Energy secures financial close for the Wheatland solar project with MUFG

Origis Energy secures financial close for the Wheatland solar project with MUFG

June 11, 2025 | , ,

Origis Energy has secured the financial closing of the Wheatland solar project with MUFG. The portfolio financing package of over $530 million supports two projects of Origis Energy. The first is the Wheatland Solar project, which will provide 150 MWac of solar capacity. It is situated in Knox County, Indiana, and is slated for completion in the first half of 2026. Additionally, it is supported by a power purchase agreement (PPA) with CenterPoint Energy.

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