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 […]
Poland’s state-run PKN and PGE to work together on offshore wind
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 […]
California Community Choice Aggregator Sees Promise in Floating Offshore Wind
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 […]
Floating Solar Gets Ready for the High Seas
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 […]
US Wind Farm Development Reaches Record High in Q2
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 […]
New York awards offshore wind contracts as governor signs climate bill
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 […]
WORLD CLEAN ENERGY INVESTMENT SLIPS IN 1H 2019, DESPITE BILLION-DOLLAR FINANCINGS OF SOLAR IN DUBAI AND OFFSHORE WIND IN TAIWAN
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 […]
Siemens Gamesa wins order from Orsted for 900 MW wind project
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 […]
Orsted Wins New Jersey’s First Offshore Wind Solicitation
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 […]
Global Offshore Wind O&M Spend to Exceed $12 Billion by 2028
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 […]
