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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 […]

Europe & UK

Siemens Gamesa wins order from Orsted for 900 MW wind project

June 25, 2019 Anand Gupta

Siemens Gamesa Renewable Energy has received the firm order from Orsted for its 900 MW Greater Changhua 1 & 2a offshore wind power project in Taiwan. Siemens Gamesa Renewable Energy will supply the Asia-Pacific variant of the SG 8.0-167 DD offshore wind turbine for the wind power project. Siemens Gamesa will set up a nacelle […]

Americas

Orsted Wins New Jersey’s First Offshore Wind Solicitation

June 22, 2019 Anand Gupta

The Danish developer will build a 1.1-gigawatt offshore wind farm for the Garden State, as it consolidates its leading position in the U.S. market. Denmark’s Ørsted won New Jersey’s first offshore wind solicitation with a 1.1-gigawatt project known as Ocean Wind, the largest offshore wind project to secure a development deal with a U.S. state […]

research

Global Offshore Wind O&M Spend to Exceed $12 Billion by 2028

June 13, 2019 Anand Gupta

Most offshore wind farms are fairly young today, but the business of maintaining and repairing them is set for strong growth. The global offshore wind operation and maintenance (O&M) market is expected to grow by 17 percent annually to more than €11 billion ($12 billion) by 2028, according to new research from Wood Mackenzie Power and […]

Featured

Chinese Manufacturers Could Rule the Offshore Wind Market Without Ever Leaving Home

June 11, 2019 Anand Gupta

China dominates the world’s solar and onshore wind markets. Offshore wind is not far behind. China’s offshore wind manufacturers could become the world’s leading suppliers, even if they fail to break out of their own domestic market. The potential size of China’s surging offshore wind market means that, despite having less advanced technology than their […]

Americas

Innogy eyes partnerships in potential US offshore wind push

June 7, 2019 Anand Gupta

Projects off the U.S. coast have become a major target for utilities in Europe, by far the world’s largest offshore market in terms of installed capacity, with several large players forming partnerships with Shell ESSEN, Germany: Energy firm Innogy , in the process of being broken up by parent RWE and rival E.ON, could team […]

Americas

Massachusetts Officials Recommend Another 1.6GW of Offshore Wind

June 3, 2019 Anand Gupta

The Bay State should schedule several more offshore wind solicitations running into the mid-2020s, said a report from the Massachusetts Department of Energy Resources. State officials recommended that Massachusetts double down on its offshore wind program, and sign contracts for another 1,600 megawatts of capacity in two solicitations to be held in the early 2020s. […]

Americas

Maryland Law Will Raise Renewables Target to 50%

May 24, 2019 Anand Gupta

Republican Governor Larry Hogan chose not to veto the law, but said he’d rather shoot for 100 percent clean electricity and include nuclear power. Maryland will raise its renewable electricity requirement from 25 percent by 2020 to 50 percent by 2030. The legislature passed the Clean Energy Jobs Act last month to enact this change, […]

Business & Finance

EDP and Engie Team Up to Conquer Offshore Wind

May 22, 2019 Anand Gupta

The European power giants will create one of the world’s biggest offshore wind development companies through a new joint venture. The U.S. is among their target markets. Portuguese power firm EDP and French utility Engie announced a joint venture focused on achieving a ranking among the world’s top-five largest offshore wind developers. The 50-50 venture, […]

Renewable Energy

Semi-Submersible Technology Set for Commanding Early Lead in Floating Offshore Wind

May 16, 2019 Anand Gupta

Principle Power’s semi-submersible platform will play a big role in the early market for floating offshore wind, as a spate of projects gets set to enter the water. The floating offshore wind market looks likely to be dominated by semi-submersible platforms despite the early lead taken by Equinor using spar-buoy technology. Figures collated by the […]

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