Taiwan’s Ministry of Economic Affairs (MOEA) released this year’s feed-in tariff (FIT) scheme for renewables on January 7. The new scheme shows that both the rates for solar PV and offshore wind have been lowered, with the latter dropping by as much as 8.6%. Although the MOEA has reduced the rate for solar PV, it […]
2020: Europe’s Energy Transition in 5 Trends
From a solar resurgence to hydrogen breakthroughs, Europe’s energy transition had a landmark year, just not the one it might have expected. With 2030 climate targets up for renewal, a new set of European commissioners in place, and the post-Brexit relationship to negotiate, this year was always going to be a big one for Europe’s […]
Spain Tenders 3 Gigawatts of Renewables Under New Pay-as-Bid Model
Solar and onshore wind get 1 gigawatt each while floating offshore wind seeks foothold. Spain has launched a tender for up to 3.18 gigawatts of renewable generation in its first auction under a pay-as-bid model introduced earlier this year. The model, similar to the contracts-for-difference program used in the U.K., aims to correct problems with […]
Con Edison Contracts Its Biggest Battery to Date in New York City
A 400-megawatt-hour battery from 174 Global Power will balance NYC’s energy needs with increasing offshore wind power capacity. New York utility Con Edison has signed its biggest energy storage contract to date, a 100-megawatt/400-megawatt-hour lithium-ion battery project that will help balance a grid facing rising levels of offshore wind and other renewable power in the […]
How Europe Can Build 100GW of Offshore Wind by 2030
The EU and U.K. have ambitious goals. Now the wind sector can turn its attention to delivery. Even for an offshore wind industry that is accustomed to all things being supersized, last week was a big week. On Wednesday the U.K. released its 10-point plan to achieve its target of net-zero carbon by 2050. At […]
European Commission Proposes 300 GW Offshore Wind Target For 2050
The offshore wind strategy will back supply chains, innovation and cross-border planning for an unprecedented build-out. The European Commission proposed a 60-gigawatt offshore wind target for 2030 on Thursday, a highly ambitious goal that would require an additional 48 GW of installed capacity in just under a decade. A longer-term target of 300 GW by […]
BP Signals Imminent Hydrogen and Offshore Wind Plays
Potential investments in offshore wind and hydrogen are on the near-term horizon, says CEO Bernard Looney. BP is readying offshore wind bids during the next six months with heightened hydrogen activity also in the pipeline, the oil major’s CEO, Bernard Looney, said Tuesday. During the company’s Q3 results call, Bernard Looney said BP would “probably” […]
Mitsubishi Eyes Great Lakes for Offshore Wind Development
The case for wind turbines in the Great Lakes is getting stronger, according to Diamond Offshore Wind, a developer owned by Mitsubishi. Illinois and New York have both shown recent interest in Great Lakes offshore wind. Japan’s Mitsubishi Corp. continues to explore the possibility of building an offshore wind project in Lake Erie to deliver […]
Already the World’s Leading Market, UK Doubles Support for Offshore Wind
U.K. expands renewable auctions, releases funds for the offshore wind supply chain and sets a new floating wind target. U.K. Prime Minister Boris Johnson has offered a huge boost to the country’s offshore wind sector as it looks to double-down on its status as the world’s leading market. The nation’s next round of contracts for […]
UK’s Johnson to sink millions into wind power
Johnson is expected to make the pledge Tuesday in an address to the annual Conservative Party conference, which is being held online this year due to the COVID-19 pandemic LONDON: British Prime Minister Boris Johnson is set to pledge that every home in the country will be powered by offshore wind in a decade. Johnson […]
