Siemens Gamesa and GRI Renewables Industries will invest more than 260 million pounds ($360.70 million) into offshore wind manufacturing facilities in northeast England, the British government said on Monday. Siemens Gamesa will invest a total of 186 million pounds to expand its blade manufacturing site located near Hull – Britain’s largest offshore wind manufacturing facility […]
The Polish Energy Regulatory Office has awarded Ocean Winds, a 50-50 joint venture between EDP Renewables and ENGIE, with a Contract for Difference (CfD) for its 369.5 MW B&C-Wind offshore wind farm. The project has secured the CfD at a strike price of PLN 319.60 per MWh (EUR 71.0/MWh). The offshore wind farm site is […]
Renewable energy’s rapid growth is accelerating a national shift to a carbon-free electric power system. So far 17 states plus Washington, D.C., and Puerto Rico have adopted laws or executive orders setting goals for reaching 100% clean electricity by 2050 or sooner. And 46 U.S. utilities have pledged to go carbon-free. Now the Biden administration and some members […]
The U.S. Congress on Monday passed a massive spending bill that includes $35 billion in energy research and development programs, a two-year extension of the Investment Tax Credit for solar power, a one-year extension of the Production Tax Credit for wind power projects, and an extension through 2025 for offshore wind tax credits — a significant last-minute boost […]
The world is going green, from recycling and power generation to organic groceries and sustainable fisheries. Everyone, it seems—including climate change scientists, businesses, consumers and politicians—is interested in easing the burden humanity places on the environment. If you are looking for ways to put a little green in your wallet by putting some green in your […]
The Return on Investment of a windpower scheme depends on the net income received and the capital costs of the project. Determining the income is complicated, it depends on: The proportion of electricity exported to the grid vs electricity consumed on site. The current and future cost of using electricity imported from the national grid […]
As we become more reliant on wind and solar power, we drive down the cost of the technology It’s been a good week on the science front. Vaccines are ready to be jabbed into us and artificial intelligence has solved the mystery of protein structures. I got further cheer to counter 2020’s gloom from our friends at Our […]
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 and […]
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 […]