TotalEnergies and its partners have officially inaugurated the 640 MW Yunlin offshore wind farm in Taiwan. TotalEnergies has 29.46 per cent stake in Yunneng Wind Power Co., Limited, the joint venture overseeing the project. Other stakeholders include Skyborn Renewables with 31.98 per cent, EGCO Group with 26.56 per cent, and Sojitz with 12 per cent.
Read More
RES has completed the development phase and has commenced construction of the 168 MW Goose Harbour Lake Wind Farm in Nova Scotia on behalf of Port Hawkesbury Paper Wind Ltd (PHPW). The project is expected to reduce greenhouse gas emissions by over 350,000 tonnes annually. With a total investment of $450 million, the project is slated to begin commercial operations in 2026.
Read More
After several record-breaking years, the U.S. clean energy sector faces a critical moment. Solar deployment and electric vehicle (EV) sales broke records in 2023 and 2024. Renewables now dominate new power generation capacity, while new domestic clean energy manufacturing facilities are popping up around the nation. However, headwinds are also getting stronger. Several challenges persist that are slowing deployment, including lack of sufficient grid capacity and large interconnection queues, permitting and siting challenges, high interest rates, and lingering supply chain issues.
Read More
This report “Navigating risks to unlock 500 GW of renewables by 2030” by EMBER highlights key challenges in India’s renewable energy (RE) sector that could increase the cost of capital, potentially hindering the sector’s growth. Addressing these risks through targeted policy measures, innovative contracting mechanisms and proactive expectation management is crucial for maintaining a steady flow of investments. Collaborative efforts from project developers, financiers and policymakers will be indispensable in mitigating these risks and ensuring the successful realisation of India’s ambitious RE targets.
Read More
In pursuit of the overarching target of accelerating the construction of the New Power System, China’s installed capacity of wind and solar power has sustained rapid growth. By the end of the third quarter of 2024, the total installed capacity of wind and solar power reached 1.25 TW, exceeding the 2030 target ahead of schedule and surpassing the installed capacity of coal power. Meanwhile, power market reforms have been advancing steadily, which has prompted corporations to improve their green power procurement strategies and actively seize opportunities. The ability of spot markets to effectively discover energy prices has been further enhanced.
Read More
To reach the 80% renewable generation target by 2030, Ireland plans to have 22 GW of renewable electricity capacity installed, up from 6 GW at the end of 2023. Specifically, Ireland has set targets to achieve the deployment of 9 GW of onshore wind, 8 GW of solar PV and at least 5 GW of offshore wind capacity by 2030. Beyond 2030, Ireland expects offshore wind to account for the dominant share of new renewable capacity additions; however, further deployment of new and repowered onshore wind and solar is expected throughout the 2030s.
Read More
Enefit Green and Sumitomo Corporation have inked an agreement to partner for the development of the Liivi Bay offshore wind farm in the Gulf of Riga in the Baltic Sea. Under this agreement, Enefit Green will sell 50 per cent stake in Liivi Offshore OÜ to Sumitomo Corporation. Liivi Offshore OÜ is the project company for this offshore wind farm. The wind farm is expected to consist of up to 84 turbines with a maximum total capacity of 1000 MW. Its estimated annual electricity generation could reach up to 4 TWh.
Read More
ACWA Power has inked a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 2 GW wind project in Egypt. The investment in the project is approximately $2.3 billion. The project is expected to reach financial close in 2026. Furthermore, this wind project will support the Egyptian government in increasing the share of renewable energy in its electricity generation mix to 42 per cent by 2030. It is also expected to reduce carbon emissions by over 3.5 million tonnes annually.
Read More
Eurus Energy Holdings Corporation (Eurus Energy) has commenced commercial operation of the Ashikawa Wind Farm. The wind farm has a capacity of 128.8 MW and is situated in Toyotomi Town, Hokkaido. The Wind Farm is part of the Dohoku Wind Power Generation Project. This project will install 107 wind turbines across six wind farms in northern Hokkaido. The Dohoku Wind Power Generation Project has reached a total capacity of 434.5 MW with the start of commercial operations of the Ashikawa Wind Farm.
Read More
Emirates Water and Electricity Company (EWEC) has issued a request for proposal (RFP) for the development of the Al Sila Wind Independent Power Project (IPP). Once operational, the project is expected to generate up to 140 MW of renewable energy and displace 190,000 tonnes of carbon dioxide annually. Furthermore, the RFP is being issued to 16 companies and consortiums that qualified for this stage after submitting statements of qualification. These companies were shortlisted in October 2024.
Read More
Electricity demand in the Americas returned to growth in 2024, rising by 2.2% following a modest decline of 0.4% the previous year. The rebound in demand was led by the United States (+2%), Brazil (+6%) and Canada (+0.7%), which are the three largest electricity consumers in the region and together account for just over 85% of the market share. Renewable power generation grew by over 4% in 2024 across the Americas, primarily due to growth in solar PV and wind of almost 30% and 8%, respectively. Solar PV will be a key driver of increased renewable generation, and IEA forecasts an average annual growth rate of 20% during 2025-2027.
Read More
WestWind Energy has inked a lease agreement with the New South Wales government for the construction of Lake Victoria wind farm. The project will be built over a period of 2-3 years from 2029-2032. The project will have an installed capacity of approximately 1 GW and an annual energy production of approximately 3400 GWh. It also has an estimated capital expenditure of $3.8 billion. The project will also incorporate up to three battery energy storage systems with a total storage capacity of 1500 MWh.
Read More
The UK government has launched a new investment scheme to boost clean energy manufacturing in the country. The scheme is called Clean Industry Bonus (CIB) and will offer financial support to offshore wind developers that prioritise investment in the most needed areas. The initiative will incentivise developers who construct more sustainable and low-carbon factories. It will also support the production of offshore wind blades, cables, and ports to reduce industrial emissions across the clean energy supply chain.
Read More
Amazon and Iberdrola have expanded their global renewable energy partnership by adding 476 MW of power purchase agreements (PPAs) across five countries. This includes Amazon’s first PPA in Portugal, securing 219 MW from the Tâmega wind complex which is set to begin construction in early 2025. The partnership also expanded in Spain with two utility-scale PPAs for a total of 257 MW of solar and wind energy.
Read More
A thriving wind industry is key for securing Europe’s competitiveness and lower, more stable energy prices. Bureaucracy, unviable project economics and grid bottlenecks are currently blocking progress. Reduced red tape and a sharper focus on implementation are critical for unlocking a secure, reliable and affordable energy market. There can be no doubt that Europe’s success depends on how it tackles its energy challenge. When it comes to decarbonization, European industries are grappling with significantly higher energy costs.
Read More
The report summarises that the Bangladesh Power Development Board (BPDB) continues to depend on hefty subsidy support from the government, despite a series of power tariff hikes, highlighting the need for reforms in the electricity sector. The proposed roadmap for reform suggests improving power demand forecasting methods by factoring in the role of energy efficiency to reduce overcapacity. It recommends limiting new investments in fossil fuels-based generation while promoting renewable energy deployment.
Read More
Türkiye’s solar energy capacity doubled in two and a half years and reached 19.6 GW by the end of 2024, achieving its 2025 target one and a half years early in 2024. This rapid progress showcases the country’s potential for more ambitious future goals. Over the past two and a half years, solar and wind energy combined have prevented $15 billion in natural gas imports, reinforcing Türkiye’s energy independence and reducing dependency on fossil fuels. Solar energy alone generated 52 TWh of electricity during this period, which accounted for 6% of the country’s total electricity supply. The country has a pipeline of 33 GW in pre-licensed storage-integrated solar and wind projects, far exceeding the official 2030 target of 2.1 GW
Read More
Vena Energy and Copenhagen Infrastructure Partners’ (CIP) joint wind project has been awarded an offtake contract in the Wind Power Fixed-Price Contract Auction which was arranged by the Korea Energy Agency (KEA). This project is known as the Taean Wind Project and has a planned capacity of 500 MW. Furthermore, this is a fixed-bottom offshore wind project and is expected to begin construction in the second half of 2026.
Read More
Meridiam has entered into a long-term strategic partnership with Hassan Allam Utilities (HAU) and the European Bank for Reconstruction and Development (EBRD) to develop and invest in greenfield renewable energy projects in Egypt. This partnership will specifically focus on the development of wind and solar energy projects. Furthermore, the first project that will be developed under this agreement is a 1.1 GW wind power plant.
Read More
The United States has made historic investments in batteries and energy manufacturing. In doing so, the U.S. has reasserted leadership across energy technologies—many of which were invented on American soil—while safeguarding American energy independence. While these investments have provided a meaningful downpayment to build resilient energy supply chains in the U.S. and partner countries, more work lies ahead to minimize reliance on production from covered nations and to ensure that domestic investments have a path to sustained competitiveness.
Read More