Offshore Wind
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Hydrogen
Groups Have Deal for Green Hydrogen Development in UK, Ireland
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 […]
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Offshore Wind
Japan’s Largest Offshore Wind Farm Now Online
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 […]
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Offshore Wind
Vineyard Wind Delivers First Power to New England Grid
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 […]
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News and Notes
POWER Digest [January 2024]
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
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Offshore Wind
RWE Buying Offshore Wind Projects from Vattenfall in $1.2 Billion Deal
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 […]
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Sustainability
Shining Light on Life Cycle Analysis for Renewable Energy Systems
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 […]
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Solar
How Renewable Energy Companies Can Address Increasing Foreign Exchange Challenges
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 […]
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Legal & Regulatory
Wind Project Approvals, Tax Credits Look to Outpace Macroeconomic and Supply Chain Headwinds in 2024
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 […]
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Offshore Wind
Vestas Will Supply 15-MW Turbines for South Korean Offshore Wind Project
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 […]
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Power
New York Announces 6.4 GW of Renewable Energy Projects
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 […]