The utility embraces solar and offshore wind, but critics say its plan is too reliant on fracked gas and pipelines. Utility Dominion Energy is planning a major shift toward renewable energy and batteries as it looks to comply with Virginia’s ambitious new clean energy law. Dominion Virginia’s new integrated resource plan (IRP), announced Friday, represents […]
Dominion Energy Remains on Schedule to Build Largest Offshore Wind Project in United States
– Survey vessels in April started studies of the 112,800-acre Coastal Virginia Offshore Wind lease area – Virginia Beach fishermen will be employed to ‘scout’ operational areas during survey activities – Dominion Energy focused on working to develop a U.S.-based offshore wind supply chain anchored in Hampton Roads RICHMOND, Va.: Dominion Energy and its contractors […]
Northland Power acquires Canadian offshore wind project in Hecate Strait
Northland Power has entered into an agreement to acquire an offshore wind development project owned by NaiKun Wind Energy Group The project is in the Hecate Strait off the coast of British Columbia. On completion of the transaction, Northland will be responsible for all aspects of developing the project. The transaction will occur by way […]
BlackRock Targets Storage With New Multibillion-Dollar Renewables Fund
Martin Torres, Americas chief for renewables at BlackRock Real Assets, talks batteries, offshore wind — and why things may be easier once subsidies disappear. The world’s largest asset manager has a new multibillion-dollar renewable energy fund in the works, and a good chunk of it may go to batteries. Long a major global investor in […]
LATE SURGE IN OFFSHORE WIND FINANCINGS HELPS 2019 RENEWABLES INVESTMENT TO OVERTAKE 2018
A string of billion-dollar deals off coasts of mainland China and Taiwan, and in British, French and Dutch waters, made 2019 an all-time high for offshore wind London and New York: Investment in renewable energy capacity worldwide was $282.2 billion last year, up 1% from 2018’s $280.2 billion, with the world’s biggest market (China) […]
How Europe’s Energy Islands Could Internationalize Offshore Wind Planning
European grid operators want to combine 10-gigawatt offshore turbine clusters, interconnectors and hydrogen. It no longer looks like a pipe dream. Proposals for Europe’s offshore energy islands are gaining momentum, with regulatory issues rather than technology now looking like the largest barrier. If massive offshore wind hubs are going to be built at scale, Europe […]
Europe’s Energy Giants Line Up to Endorse Green Deal
The power sector sees huge opportunity, while the proposed “carbon border” raises questions for EU oil and gas imports. The European Union’s newly proposed Green Deal raises “significant questions” for the oil and gas industry, analysts said, but the plan was broadly welcomed by companies across the energy sector. On Wednesday the European Commission presented […]
Taiwan’s New Proposed FiT: Solar Dropped by 2.44%, Offshore Wind Dropped by 7.5%
Taiwan’s latest draft Feed-in-Tariff scheme proposed to decrease the payments by 0.34~2.44%, which would make the new FiT NT$3.9408-5.7788/kWh (US$0.13-0.19). The highest FiT payments would be for residential PV projects. Winner: Residential PV, Loser: Wind Energy Taiwan’s Bureau of Energy has recently announced its draft FiT scheme for several types of renewable energy, which is set […]
The European Investment Bank Has Quit Fossil Fuels. Now What?
Alessandro Boschi, the EIB’s head of renewable energy, tells GTM what it will mean to be the EU’s “climate bank.” COPENHAGEN: With an annual outlay in the energy sector of €15 billion ($16.6 billion), the European Investment Bank is one of the sector’s biggest lenders. And for every euro the EIB puts into a project […]
Ireland’s Gigawatt-Scale Tender Opens Door for Onshore Wind
But the first auction includes a special carve-out for solar, and offshore wind will play a major role in upcoming rounds. Ireland has launched the first round of its new renewable power auction process, with nearly 1 gigawatt of capacity available for onshore wind if it proves to be the lowest-cost option. The Renewable Electricity […]