The UK government has increased the maximum price for offshore wind projects in its upcoming Contracts for Difference (CfD) auction following the failure to contract any offshore wind project in its latest round. For the sixth CfD allocation round, which will open in March next year, the maximum strike price for offshore wind will be […]
Rhode Island launches 1.2-GW solicitation for offshore wind – EQ
Rhode Island Energy, Rhode Island’s leading energy utility, has issued a request for proposals (RfP) for 1,200 MW of offshore wind projects in line with the state’s efforts to bring in more green power and reach its renewable energy goals. The competitive round is the state’s largest renewable energy solicitation to date, the utility said […]
Ignitis, Ocean Winds win Lithuania’s 700-MW offshore wind tender – EQ
Lithuania’s National Energy Regulatory Council (NERC) on Thursday pronounced the joint venture (JV) between Ignitis Renewables and Ocean Winds as the official winner in the Baltic state’s inaugural 700-MW offshore wind tender. The JV offered a development fee of EUR 20 million (USD 21.1m) for the offshore wind project, the amount that will be paid […]
UK contracts no offshore wind in 3.7-GW CfD round – EQ
Renewable energy projects totalling 3.7 GW, with no offshore wind at all, have been awarded funding in the latest round of the UK government’s Contracts for Difference (CfD) scheme. The fifth CfD auction saw 1,927.68 MW of solar projects and 1,480.74 MW of onshore wind win contracts at strike prices of GBP 47 (USD 58.6/EUR […]
Govt waives ISTS charges on offshore wind, hydrogen, ammonia projects – EQ Mag
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 […]
