The government on Monday announced a complete waiver of the inter-state transmission system (ISTS) charges on offshore wind, green hydrogen and ammonia projects for 25 years. The waiver is applicable to projects commissioned till December 31, 2032, the Ministry of Power said in a statement. “This decision has been taken to facilitate wider execution of […]
Ireland awards 3 GW of offshore wind at “hugely competitive” price – EQ Mag
Four projects totalling 3,074 MW have been successful in Ireland’s first offshore wind auction under the Renewable Electricity Support Scheme (ORESS 1), it was announced today. The Department of the Environment, Climate and Communications said that the results have surpassed expectations, both in terms of the energy procured and the price achieved. The average price […]
9 European nations set to turn North Sea into green power plant – EQ Mag
Brussels : Nine European countries have signed a declaration aimed at transforming the North Sea into a green power plant. The declaration, signed on Monday at the second North Sea Summit in Ostend, Belgium, sets ambitious targets including the production of at least 120 gigawatts (GW) of offshore wind energy in the North Sea by […]
Submissions under new CfD auction in UK due by April 24 – EQ Mag
The application window under the newly-opened fifth allocation round of the Contracts for Difference (CfD) scheme in the UK is scheduled to close on April 24, 2023. An indicative table based on different scenarios is available here: https://www.cfdallocationround.uk/sites/default/files/2023-03/AR5%20indicative%20timetable%20-%20all%20scenarios%20-%20%20%281%29_1.pdf Launched on Thursday, Allocation Round 5 (AR5) has a budget of GBP 205 million (USD 252.9m/EUR 233m). […]
Lithuania kicks off 700-MW offshore wind tender – EQ Mag
Lithuania on Friday launched its maiden offshore wind tender, seeking a developer to install up to 700 MW of generation capacity in its territorial waters in the Baltic Sea. The competition for the site nearly 36 km (22.4 miles) off the coast that will host Lithuania’s first offshore wind farm will take place in several […]
The Netherlands Chooses Site for World’s Largest Offshore Wind-to-Hydrogen Project – EQ Mag
The Dutch government has designated an area for what will become the world’s largest offshore hydrogen production project. That area is Ten noorden van de Waddeneilanden (the North of the Wadden Islands), identified earlier for offshore wind development and deemed most suitable for providing 500 MW of electrolysis capacity and for the transport of hydrogen […]
UK confirms £205 million budget to power more of Britain from Britain – EQ Mag
UK government confirms budget for this year’s Contracts for Difference scheme as it enters its first annual auction, boosting energy security. Government announces significant financial backing for first annual flagship renewables auction, boosting Britain’s energy security £170 million pledged for established technologies to ensure Britain remains a front runner in renewables and £10 million ring-fenced […]
Lithuania Outlines Offshore Wind Auction Plans – EQ Mag
The Lithuanian Government has approved the requirements for developers for the country’s first-ever offshore wind auction, expected to be announced by the National Energy Regulatory Council (VERT) on 30 March. According to the government’s decision, prospective bidders will have to have an average revenue of at least EUR 250 million in the last three years […]
TotalEnergies-Rise offshore wind bid in New York features GE factories – EQ Mag
Attentive Energy One (AE1), a joint venture (JV) of TotalEnergies (EPA:TTE) and Rise Light & Power, last week said that its proposal in New York’s third competitive offshore wind solicitation includes a manufacturing agreement with General Electric (NYSE:GE). The JV estimates that if its 1.4-GW project is approved, it would bring USD 25.6 billion (EUR […]
Germany opens 1.8 GW offshore wind tender – EQ Mag
Germany’s Federal Network Agency has kicked off another offshore wind auction, seeking proposals for the deployment of 1.8 GW of turbines in the North Sea that should be connected to the grid in 2028. The tender involves four sites — two of them are located in the so-called area N-3, about 35 km (21.75 mi) […]