Offshore Wind

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 […]