Author: Arnes Biogradlija

YIT has sold the project rights for the Murtomäki wind farm to Ålandsbanken Wind Power Fund. At the same time, the parties agree on the contracting and construction services concerning the Murtomäki wind farm infrastructure, which YIT will provide for the buyer. The Murtomäki wind farm is located in the town of Pyhäjärvi in Northern Ostrobothnia, Finland. The project consists of 15 wind power plants and their production capacity corresponds to a total power of approximately 90 MW. The project is sold with all required permits. The parties have agreed that the purchase price will not be published. “This project…

Dominion Energy has filed with the Bureau of Ocean Energy Management (BOEM) the required Construction and Operations Plan (COP) to build the 2,640-megawatt Coastal Virginia Offshore Wind (CVOW) commercial project, the largest planned offshore wind farm in the United States. The COP includes information about the construction, operations and conceptual decommissioning plans for Dominion Energy’s proposed offshore wind farm to be installed within a 112,800-acre Commercial Lease Area located 27 miles off the coast of Virginia Beach, which Dominion Energy obtained in 2013. Information about onshore and support facilities is included in the COP as well. “This is an important…

Statkraft has decided to construct Cloghan and Taghart wind farms in Ireland. In addition, the company has agreed to sell the wind farms to Greencoat Renewables while retaining responsibility for the construction and the long-term operation and management, in line with Statkraft’s strategy to build, sell, operate and trade power. Cloghan (37.8MW) is located in County Offaly and Taghart (25.2MW) in County Cavan in Ireland. Construction will start early 2021. Statkraft will manage the construction of both wind farms and will provide operational management services for the wind farms in the operations phase. The ownership of the assets will be…

DEME and OQ Alternative Energy (OQ) are launching a joint project to build a world-leading green hydrogen plant in the Special Economic Zone in Duqm, Oman, in collaboration with the Public Authority for Special Economic Zones and Free Zones (OPAZ). The project is well compatible with the Sultanate’s renewable energy strategy, which promotes investment in renewable and alternative energy resources and also contributes to the achievement of the Oman Vision 2040 renewable energy goals. The Special Economic Zone at Duqm offers a strategic and competitive location for the development of large-scale green hydrogen production, given its centrality to global trade,…

Iberdrola has increased its commitment to offshore wind by entering into a new market for the company in Poland, as its renewable energy business continues to expand. The company has reached an agreement to acquire a 50 percent stake in the Sea Wind developer, which has a seven-project pipeline at an early stage of development, with a potential capacity of up to 7.3 GW. The agreement helps Iberdrola to further expand its strategy of geographical diversification in markets with favorable investment conditions, such as A-credit-rated Poland. The change also enables the company to place itself at the initial stage of…

The Nobles 2 wind farm, a 250-megawatt (MW) facility in southwest Minnesota, has become fully operational. Located near Wilmont in Nobles County, Nobles 2 is comprised of 74 Vestas turbines. The wind farm is owned by Nobles 2 Power Partners which is comprised of affiliates of Tenaska, a subsidiary of ALLETE and Bright Canyon Energy. “From Day One landowners and the community have been open and receptive to wind development. We are excited to have worked with them to make the Nobles 2 wind farm a reality. We look forward to the many years of operation ahead, delivering renewable energy…

Hydrogen produced with renewable electricity could compete on costs with fossil fuel alternatives by 2030, according to a new report from the International Renewable Energy Agency (IRENA). A combination of falling costs for solar and wind power, better efficiency and economies of scale for electrolysers could make this possible. ‘Green Hydrogen Cost Reduction: scaling up electrolysers to achieve the 1.5 C climate target’ looks at the drivers for innovation and introduces methods that policymakers should consider to reduce the cost of electrolysers by 40 percent in the short term and by up to 80 percent in the long term. Green…

Broad Reach Power has acquired a 250-megawatt (MW) wind project and a 250-MW solar project, both located in Montana. Located in Billings, the solar and wind projects were purchased from Invenergy and are expected to be online in 2022 and 2023, respectively. “I am looking forward to begin developing these projects as we continue investing in Montana. Once completed, these projects will provide much needed reliability to the region’s grid while also contributing valuable local construction jobs and significant tax dollars to counties such as Yellowstone, Stillwater and Golden Valley.”Broad Reach Power developer Daniel Zolnikov. The projects join an existing…

The European Marine Energy Centre (EMEC) has strengthened its partnership with ZeroAvia through the launch of the HyFlyer II project. EMEC will supply green hydrogen for the 19-seat hydrogen-electric aircraft development programme, to help make zero-emission flights a commercial reality. Funded by the Department for Business, Energy and Industrial Strategy (BEIS), Aerospace Technology Institute (ATI) and Innovate UK, the HyFlyer II project will see ZeroAvia develop the first certifiable hydrogen-electric powertrain that can power airframes carrying up to 19 passengers. To do this, ZeroAvia is collaborating with two partners, EMEC and Aeristech. Within the £12.3 million funded project, EMEC will…

Vestas has entered into an arrangement with the investment management firm Copenhagen Infrastructure Partners (CIP), whereby Vestas will obtain a 25 percent minority interest in the parent companies of CIP. The stake will be purchased at a price of €500 million, in the form of an upfront payment of €180 million and a earnout of €320 million. The transaction is expected to be completed in the first quarter of 2021. Via its investment in CIP, Vestas aims to further extend its involvement in the production of renewable projects and to invest in areas of the value chain of renewables outside…