The American wind power industry is barreling toward an important inflection point. The production tax credit (PTC), which provides a subsidy for each kilowatt-hour of electricity generated from wind farms in their first 10 years of production, is about to be phased out. Wind projects need to begin construction before the end of 2019 […]
The wind energy industry is comprised of both a small number of pure-play companies and also big corporations that operate their wind energy business as a division or a subsidiary. One example of the latter is General Electric Co.’s (GE) Renewable Energy division. The wind industry has potential for significant growth, with the International Energy Agency […]
(Bloomberg) – BP, the oil giant that announced a seismic strategy shift last month, made its first venture into offshore wind power with a $1.1 billion purchase of U.S. assets from Norway’s Equinor ASA. The deal marks the start of an offshore-wind investment partnership in the region for the two companies, which have been at […]
Gases producer Air Liquide has signed a power purchase agreement (PPA) to source renewable electricity equivalent to 15% of the company’s consumption, for its activities in Spain. The 10-year PPA, for electricity supplied by a wind farm in Andalusia, will supply some of the group’s industrial and medical gas production assets in the country. The […]
The developers had to adapt to finish the East Anglia ONE project during the coronavirus lockdown. ScottishPower Renewables has started operating all 102 turbines at its East Anglia ONE offshore wind farm. The wind farm can provide the UK grid with 714 MW of clean energy, equivalent to the needs of 630,000 homes. Based 43km […]
Spanish renewables contractor Global Energy Services (GES) has announced it is currently building the 114-MW Alenza wind farm cluster in Zaragoza province. The company was contracted by funds managed by Copenhagen Infrastructure Partners (CIP) to execute the engineering, procurement and construction (EPC) works for the 49.4-MW Las Majas 6B, the 49.4-MW Las Majas 6C and […]
The global pipeline of offshore wind energy projects which are operational, under construction, consented, or being planned has grown by 37 GW in the last twelve months, new research published by RenewableUK shows. This is an annual increase of 30%, from 122 GW twelve months ago to 159 GW now, RenewableUK’s latest Offshore Wind Project […]
A renewable energy giant has unveiled plans to build two more wind farms in Scotland. Swedish company Vattenfall says the proposed developments in Dumfries and Galloway could together produce enough electricity to annually power around 300,000 homes. If the developments go ahead, each will be built alongside an energy storage battery plant. Vattenfall, which was […]
Germany has taken over the rotating EU Council Presidency from Croatia. As part of the trio presidency, Germany will hold the position until 1 January 2021 before passing it on to Portugal. In the rather short time frame, the German Presidency aims to develop and adopt several important energy policies – with a strong focus […]
Denmark has given a go-ahead for the development of the energy islands, and the second of the three 1 GW offshore wind farms proposed in the Energy Agreement 2018. The 1 GW offshore wind project will be developed at the Hesselø zone in the Baltic Sea and is expected to be commissioned by 2027. The […]