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Equinor Gives Nod to 88MW Floating Wind Farm

October 12, 2019 Anand Gupta

Norwegian oil giant further cements position as leading floating wind developer with 11-turbine project near offshore oil fields. Norwegian oil giant Equinor and a group of partners have greenlighted an 88-megawatt floating offshore wind farm, set for completion in 2022. The Hywind Tampen project will serve five oil and gas platforms in Norway’s part of […]

Featured

Macquarie’s Green Bank Embraces ‘Enormous Game’ of Offshore Wind

October 4, 2019 Anand Gupta

One of the world’s biggest investors in renewable energy sees a growing opportunity in offshore wind projects. More certainty from governments about future regulation and the expansion of new floating technology could drastically broaden the opportunities for investors, according to Mark Dooley, global head of Macquarie Group Ltd.’s Green Investment Group. “I love offshore wind. […]

Americas

7 Projects That Could Put the US Ahead in Floating Offshore Wind

September 25, 2019 Anand Gupta

The U.S. is a late arrival to the offshore wind party. But it could play a leading role as floating projects sail toward commercialization. The U.S. is late to the offshore wind party compared to Europe and China. And the injection of new regulatory uncertainty in the shape of permitting delays at Vineyard Wind’s 800-megawatt […]

Americas

Solar ITC Extension Would Be ‘Devastating’ for US Wind Market: WoodMac

September 13, 2019 Anand Gupta

The booming U.S. wind industry faces an uncertain future in the 2020s. Few factors are more important than the fate of the solar ITC. An extension of the solar investment tax credit (ITC) at its 30 percent value would be “devastating” to the future U.S. wind market, according to a new Wood Mackenzie report. The […]

Renewable Energy

Poland’s state-run PKN and PGE to work together on offshore wind

September 6, 2019 Anand Gupta

Poland still generates most of its electricity from coal, but wants to develop cleaner sources of energy, including offshore wind and solar power KRYNICA ZDROJ, Poland: Poland’s biggest oil refiner PKN Orlen and power producer PGE agreed on Thursday to work together on wind farm projects in the Baltic Sea, as a shift away from […]

Americas

California Community Choice Aggregator Sees Promise in Floating Offshore Wind

August 17, 2019 Anand Gupta

Monterey Bay Community Power is exploring the possibility of a huge floating offshore wind project with developers EnBW and Trident Winds. California community choice aggregator (CCA) Monterey Bay Community Power has signed a memorandum of understanding to explore buying the power from a 1,000-megawatt floating offshore wind farm. It’s an early, if no-stakes, claim to […]

Americas

Floating Solar Gets Ready for the High Seas

August 6, 2019 Anand Gupta

Largely confined to inland water bodies at present, some floating solar developers are paddling toward the open ocean. Floating PV panels could be headed out to sea amid growing interest in offshore solar. Last month, a Belgian consortium including Dredging, Environmental and Marine Engineering (DEME), Tractebel, Jan De Nul Group, Soltech and Ghent University announced […]

Americas

US Wind Farm Development Reaches Record High in Q2

August 3, 2019 Anand Gupta

Completed capacity in the first half of the year improved on 2018 by 53 percent. The U.S. wind industry reached a new high water mark of development in the second quarter, new information shows. More than 200 projects are undergoing construction or late-stage development in 33 states, according to a new report from the American Wind Energy […]

Americas

New York awards offshore wind contracts as governor signs climate bill

July 20, 2019 Anand Gupta

New York on Thursday awarded two major offshore wind contracts to Norway’s Equinor (EQNR.OL) and a joint venture between Denmark’s Orsted (ORSTED.CO) and U.S. utility Eversource (ES.N), procuring more of the renewable power than it had planned as part of Governor Andrew Cuomo’s ambitious plan to slash greenhouse gas emissions. Cuomo made the announcement at […]

Featured

WORLD CLEAN ENERGY INVESTMENT SLIPS IN 1H 2019, DESPITE BILLION-DOLLAR FINANCINGS OF SOLAR IN DUBAI AND OFFSHORE WIND IN TAIWAN

July 10, 2019 Anand Gupta

Hiatus in renewable energy project deals in mainland China pulls down global investment in clean energy by 14% to $117.6 billion in first half of 2019 London and New York: The first half of 2019 saw a 39% slowdown in renewable energy investment in the world’s biggest market, China, to $28.8 billion, the lowest figure […]

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