Offshore Wind

Global energy company GE Vernova and Seatrium Limited, a Singaporean state-owned group, said their consortium has been awarded a third contract by Dutch transmission system operator TenneT for construction of a 2-GW high-voltage direct current (HVDC) electric offshore transmission system in the Netherlands. The groups on June 10 said construction is set to begin this […]

Equinor on June 4 announced its has finalized an agreement with New York State Energy Research and Development Authority (NYSERDA) for the renewable power generated by the 810-MW Empire Wind 1 offshore wind project. The deal comes after NYSERDA in February announced that Equinor had been selected as a conditional winner in New York’s fourth […]

Siemens Gamesa plans to cut about 4,100 jobs from its wind turbine division as the company continues to restructure its business. The downsizing, reported May 28 by Reuters, impacts about 15% of the company’s workforce. The news service said the layoffs were noted in an internal letter to staff from CEO Jochen Eickholt. The cuts […]

Siemens Energy announced an overhaul of its struggling wind power division on May 8, unveiling plans for a new CEO for its wind turbine business and also saying job cuts would be included in the plan. The news came on a day when the company raised its revenue outlook and also said it needed to […]

The U.S. government offers certain benefits to renewable energy projects, primarily in the form of tax credits and depreciation. But the reality is that a growing number of tax-equity partnerships are reaching the end of their lifespan, and the sponsors and tax-equity investors in these projects need to be preparing for the future. In fact, […]

The Biden administration has unveiled several sweeping actions over the past month aimed at boosting clean energy deployment, enhancing manufacturing jobs, and reducing pollutant emissions across the power sector. The measures—many announced as part of a comprehensive Earth Week agenda on April 25—are notable for their strategic push in an election year, highlighting the administration’s […]

In a time where capacity revenues are pricing lower and many generation owners find that their facilities are not being dispatched for energy on a consistent basis, reliable revenue streams are increasingly important. In addition to selling energy and capacity, many generation facilities collect fixed, monthly payments for the provision of “reactive power,” which are […]

A report from a leading wind power trade association said a record 117 GW of new wind energy generation capacity was installed worldwide last year, a 50% increase from the prior year. The “Global Wind Report 2024,” published April 16 by the Global Wind Energy Council (GWEC), said “the world is moving in the right […]

Chinese wind turbine makers continue to pace the global market, taking four of the top five spots in a ranking of the world’s top manufacturers of both onshore and offshore wind power equipment. Research from BloombergNEF (BNEF) published March 27 showed global wind power generation capacity additions hit a record 118 GW in 2023. BNEF’s […]

The U.S. Bureau of Ocean Energy Management (BOEM) has completed its designation of an offshore wind energy area in the Gulf of Maine. The BOEM, in a notice published in the Federal Register on March 18, said two million acres has been earmarked for development in that region. The BOEM in its announcement said the […]

As the world intensifies its efforts to combat climate change, Ireland has set ambitious goals to produce offshore renewable energy as part of its Climate Action Plan. A member of the European Union (EU)

New York officials put forth conditional contracts to buy electricity from two proposed offshore wind farms, announcing the awards Feb. 29 for installations that would be the largest power generation projects built in the state in decades. The solicitation by the New York State Energy Research and Development Authority (NYSERDA), which allowed developers to exit […]

Installations of new solar power generation capacity this year are expected to nearly double the amount that was built in 2023, according to the U.S. Energy Information Administration (EIA). The agency is its latest “Preliminary Monthly Electric Generator Inventory” report said developers expect to add 36.4 GW of new solar capacity in 2024. That compares […]

A major offshore wind farm near Scotland set to come online later this year has a power purchase agreement (PPA) with Amazon, the technology company that continues as the largest purchaser of renewable energy worldwide. Amazon on Jan. 30 announced the corporate PPA with ENGIE, the French multinational utility, to take more power from Ocean […]

Climate change has led many states and countries to set targets for reducing greenhouse gas (GHG) emissions from power systems. Oregon, for example, has set targets for all power sold to retail customers in the state to have GHG emissions cut by 80% by 2030, 90% by 2035, and 100% by 2040. It’s a challenging […]

A European group that produces and supplies hydrogen has joined with a UK-based renewable energy developer in a deal to build commercial-scale green and renewable hydrogen production units in Britain and Ireland. London-headquartered Source Galileo, known for developing large-scale offshore wind projects, as well as energy storage and solar power installations, on Jan. 22 announced […]

JERA, the largest power generation company in Japan, said the 112-MW Ishikari Bay New Port offshore wind farm has entered commercial operation. The utility, along with Green Power Investment Corp. (GPI), JERA’s partner in the project, announced the installation was commissioned on Jan. 1. Ishikari Bay is now Japan’s largest offshore wind park. The site […]

Copenhagen Infrastructure Partners (CIP) and Avangrid said the Vineyard Wind 1 offshore wind installation sent electricity to the power grid for the first time late on Jan. 2. The companies on Jan. 3 said Vineyard Wind 1, as part of its initial commissioning, delivered about 5 MW of electricity to the New England grid at […]

Azerbaijan’s First Utility-Scale Solar Project Online. Officials in Azerbaijan in November announced the country’s first and largest utility-scale solar photovoltaic power plant is now operating. The

Germany-based RWE, among the world’s leading companies in development of offshore wind energy, said it will acquire three major projects off the East Anglia coast of the UK from Sweden’s Vattenfall in a $1.2 billion deal. RWE on Dec. 21 said the projects, each with planned generation capacity of 1.4 GW, are in the Norfolk […]

Life cycle analysis or assessments (LCAs) are a quintessential tool for power and utility industry professionals and tradespeople. They determine the environmental and financial value of new technologies. Consumer products get the most attention, but LCAs for renewable energy systems (Figure 1) should be discussed more. It is time to synthesize known information to create […]

Following a difficult period for the renewable energy industry, firms must begin prioritising foreign exchange (FX) risk management against the rising threat of currency movements. It has been a tough year for the renewable energy industry. The post-COVID inflationary pressures that have gripped the global economy over the last two years are weighing heavily on […]

Recent events in the wind power industry, all occurring on a single day, provide a snapshot of the sector’s challenges and opportunities heading into 2024. Ørsted, the world’s largest developer of offshore wind, on Oct. 31 announced the cancellation of Ocean Wind 1 and 2, two 1,000-MW-plus projects off the coast of New Jersey. In […]

Vestas will supply 33 of the company’s wind turbines for a major floating offshore wind project in South Korea. The Ulsan Gray Whale 3 installation, which was announced in March of this year with few details, is part of a 1.5-GW floating wind development being built in three phases in an area about 37 miles […]

New York officials said the state will invest in several new renewable energy projects, both offshore and onshore, that will add 6.4 GW of clean energy generation capacity to the state’s power grid. Gov. Kathy Hochul on Oct. 24 said the projects will deliver about 12% of New York’s electricity supply once all the installations […]

During President Biden’s first year in office, his administration published a document titled “The Long-Term Strategy of the United States: Pathways to Net-Zero Greenhouse Gas Emissions by 2050.” The document says all viable routes to net-zero involve five key transformations. They are: Decarbonize electricity. Electrify end uses and switch to other clean fuels. Cut energy […]

The massive Dogger Bank Wind Farm, which will be the world’s largest offshore wind installation when completed, has begun sending power to the UK grid. GE officials on Oct. 10 said the first of the company’s turbines at the site is now operational. Dogger Bank, located about 130 kilometers (81 miles) off the northeast coast […]

Planning, building, operating, or overhauling power plants has long been an emphasis in the power sector—and an important one, given that the creation of new power capacity plays an outsized role in

Coal-Fired Plants Serving EV Battery Makers Could Get Special Financing. Otoritas Jasa Keuangan (OJK), which supervises and regulates financial services for Indonesia, in early September said it is considering

Power companies must respond to outages caused by extreme weather events. Having accurate predictions concerning the severity of impending storms can ensure companies are prepared with the right resources on