According to the new market outlook released by GWEC Market Intelligence, 71.3 GW of wind power capacity is projected to be installed in 2020 despite the effect of COVID-19, which is just 6 percent lower than pre-COVID projections. This is a substantial improvement from the initial projections that wind power installations will be reduced by up to 20 percent as a result of the pandemic, showing the strength of the wind power industry across the globe. From 2020 to 2024, the cumulative global demand for wind energy will expand at a compound annual rate of 8.5 percent and build 348 GW of…
Author: Arnes Biogradlija
Crown Estate Scotland has confirmed the final process and timelines for ScotWind Leasing going forward. Following the launch of ScotWind Leasing in June 2020, Crown Estate Scotland will issue the Post-adoption Addendum to ScotWind Leasing on Friday 15 January 2021, which will confirm the final arrangements for the submission of applications. However, Crown Estate Scotland will be able to provide clarity in response to requests for certain final arrangements after that time and up to the nearest closing date for applications. The closing date for applications to ScotWind Leasing will be Wednesday 31 March 2021. In the near future, Crown Estate…
Mainstream Renewable Power has signed a joint venture agreement with the Vietnamese company Advance Information Technologies (AIT) to co-develop a 500MW offshore wind project in the province of Ben Tre, Vietnam. The project obtained the appropriate site survey license earlier this year. Since then, a feasibility study has been completed and a Power Development Plan (PDP) application has been submitted to the Ministry of Industry and Trade of Vietnam with a view to include the project in the upcoming national PDP term 2021-2030 to 2045 (PDP 8) of the Government of Vietnam. The project is expected to reach Financial Close…
EIT InnoEnergy has launched the European Green Hydrogen Acceleration Center (EGHAC), an ambitious initiative to support the creation by 2025 of an annual €100 billion green hydrogen economy that could generate half a million direct and indirect jobs across the supply chain of green hydrogen. Breakthrough Energy, a network of companies created by Bill Gates and the world’s top tech and business leaders, is supporting the effort to speed up the transition to a clean energy future. Closing the price gap between carbon-emitting technologies and green hydrogen, which would drive significant hydrocarbon displacement in energy-intensive industrial applications ( i.e. steel,…
Because of reduced hydropower generation due to draughts and lower water levels in the dams, Cambodia, which relies heavily on hydropower, has experienced power shortages. The country’s new 10-year plan offers limited impetus for the construction of mainstream dams and seeks alternative sources to meet the demand for electricity from coal, LNG, solar PV and imports from neighboring countries. Around 83 percent of the new generation capacity built between 2020 and 2030 will be from coal (56 percent) and solar PV (27 percent), while the remaining new capacity will probably be accounted for by hydropower (8 percent) and oil (9…
New RenewableUK research shows that the total onshore wind capacity will rise to 30 GW, more than double the current operating capacity of 13.6 GW in the UK, providing a boost to goals for net zero and green recovery. The latest Onshore Wind Project Intelligence report shows that over the course of this decade, new onshore wind capacity is expected to rise as technology costs decline and next year’s auction for power generation contracts resumes. We will see the most important rises in deployment from 2025 onwards, hitting 30.361 MW by the end of 2029, if everything in the current…
Luxcara has bought the largest German PV project developed by BELECTRIC. To build and run the 172-MW solar farm, Luxcara has selected BELECTRIC. Last week, the contracts for this partnership were signed. The parties decided to keep secret the price of the transaction. Before the end of this year, BELECTRIC will begin the development of a large solar farm in the municipalities of Tramm and Lewitzrand in the state of Mecklenburg-Western Pomerania. Just under 420,000 photovoltaic modules will turn sunlight into electricity following the completion of the power plant at the end of 2021. To supply the equivalent of about…
Marcelo Penna Engineering and Safeway have joined forces to design an intelligent Service Operation Vessel with a very high emphasis on crew comfort, protection, and re-design to meet the future requirements of the offshore wind industry in the overall project logistics and turbine related O&M activities. Combined with the recently launched Safeway Gannet 3D motion-compensated offshore access system with its unique features such as ‘zero impact bumpering’ or ‘hover-mode’ and roll compensation capability, the outcome of the partnership is the DP2 MP625 SOV. A major benefit of this cost-saving engineering approach is that, even in the roughest sea conditions, the SOV will…
Akershus Energi and KLP have signed an agreement with Siemens Gamesa for the delivery of a total of 34 turbines to Odal Vindkraftverk, at a value of close to NOK 1 billion. Akershus Energi and Siemens Gamesa have collaborated to find cost-effective solutions to realize the project in Nord-Odal. Siemens Gamesa will deliver 34 wind turbines of the model SG-5.0-145 which are designed with a new control system that optimizes production and is specially adapted to Odal Wind Power Plant. “We have made tough demands on the suppliers of turbines to contribute with the most sustainable and future-oriented solutions on…
RWE Renewables and Nordex SE have successfully completed the process of acquisition of Nordex’ European onshore wind and solar development platform by RWE. This includes a total of 2.7 gigawatts (GW) of development pipelines in France , Spain, Sweden and Poland. RWE is strengthening its development platform in France with the purchase, with an overall pipeline of 1.9 GW in different phases of the project. Fifteen percent of pipeline projects are in close proximity to final investment decisions (FID) or late construction phases; approximately 230 megawatts of Contracts for Difference (CfDs) or other feed-in tariffs have been secured. At the…