Renewables

  • South Korean President: Country Needs More Nuclear Power

    South Korean President Yoon Suk Yeol said his country’s push to be carbon-neutral by 2050 must include construction of more nuclear power generation, in a reversal of his predecessor’s call to move away from the technology. Yoon, speaking Jan. 16 at an event in the United Arab Emirates (UAE), said his country would renew its […]

  • Ørsted Plans Battery Storage to Support Hornsea 3 Offshore Wind Farm

    Regulators in the UK have given the go-ahead for renewable energy developer Ørsted to build a utility-scale battery energy storage project to serve the Hornsea 3 offshore wind farm. The South Norfolk Council—the planning authority for the region—on Jan. 11 unanimously approved the storage facility, which will feature lithium-ion battery technology and be built on […]

  • Advanced Modeling Tool Demonstrates Cost-Effective 24/7 Renewable Power Strategy

    REDWOOD CITY, CA – Jan. 10, 2023 – Providing 100% renewable energy on an hourly basis can be achieved at cost-competitive rates, while reducing emissions and providing wider benefits to the electric grid, according to an advanced new 24/7 renewable energy modeling tool and analysis developed by Peninsula Clean Energy. The new Matching Around-The-Clock Hourly […]

  • Construction Underway on South Dakota’s Largest Solar Project

    A 128-MW solar energy project that will serve customers of a regional electric power cooperative is under construction in South Dakota, with the facility expected to enter commercial operation later this year. National Grid Renewables on Jan. 10 said work has begun on the company’s Wild Springs Solar Project in Pennington County. The array will […]

  • CPV Retail Energy chooses ArcTrade Technology Platform

    SUGAR LAND, Texas (Jan. 9, 2023)  — CPV Retail Energy, the recently announced retail electric division of Competitive Power Ventures (CPV), has selected ArcTrade as the technology platform to help the company offer clean energy products backed by CPV’s world-class generation fleet directly to businesses to help meet their ESG goals. “As we grow the […]

  • New 18-MW Model Takes Over as World’s Largest Offshore Wind Turbine

    A subsidiary of the China State Shipbuilding Corp. (CSSC) has unveiled components for what would be the world’s largest and most-powerful wind turbine, an 18-MW product that tops the recent launching of a 16-MW turbine developed by other Chinese companies. CSSC Haizhuang unveiled the new turbine in a ceremony at the Dongying City industrial park […]

  • Grid Infrastructure and Renewable Energy Projects Thrive, Workforce and Supply Chain Issues Continue in 2023

    The Inflation Reduction Act will spur growth in clean energy and upgrades to grid infrastructure, but workforce shortages and supply chain constraints are likely to challenge power companies for at least the

  • 10 Near-Term Global Power Sector Trends

    While 2021 provided its own share of extraordinary energy debacles, Russia’s invasion of Ukraine in early 2022 cascaded into full-blown energy turmoil. This year will begin with the world “in the midst of

  • Egypt Uses COP27 to Announce Large-Scale Renewable, Hydrogen Projects

    The recent United Nations (UN) COP27 climate conference in Egypt was host to several announcements of large-scale renewable energy projects, including one of the world’s largest wind farms, along with an

  • Global Market for PPAs Supports Renewable Energy Projects

    Large global corporate groups continue to buy stakes in major renewable energy projects and sign power purchase agreements (PPAs) designed to provide long-term electricity for their operations. Some

  • Risk Mitigation: An Essential Prerequisite for Inflation Reduction Act Funding

    The groundbreaking Inflation Reduction Act (IRA) will put hundreds of billions of dollars toward renewables. As the most comprehensive energy policy in recent years, the IRA is already having a profound impact

  • Identifying State-Focused Renewable Energy Tax Exemptions

    President Joe Biden last year signed the Inflation Reduction Act (IRA) that, in addition to a number of other actions, extended and enhanced a number of green energy tax opportunities. Notably, it extended the

  • Should We Really Use Renewable Electricity to Make Green Hydrogen? Not Always

    There’s a growing belief that hydrogen will play a key role in lowering CO 2 emissions. However, there are several caveats in realizing that vision, and in some cases, hydrogen may not be the right choice

  • APM: Making It Easy to Maintain a Greener Grid

    The Inflation Reduction Act gave the power generation industry the push it needed to go all in on renewable energy. In the short term, we’ll see more solar and onshore wind. In the long term, we’ll have

  • China Breaks Ground on Massive 16-GW Solar, Wind, Coal Project

    A massive, multibillion-dollar renewable and fossil-fuel energy project is underway in China. The installation, being built by China Three Gorges (CTG), includes wind, solar, energy storage and coal-fired power generation. Ground was broken for the first pilot of the Kubuqi Base project in Dalate Banner, Ordos, Inner Mongolia on Dec. 28, 2022, according to Chinese […]

  • Permits Issued for Major Finnish Offshore Wind Projects

    Ireland’s Simply Blue Energy and Swedish wind developer Eolus Vina AB have been granted a research permit for a major offshore floating wind project sited near Finland in the Bothnian Sea. The location is in the northernmost arm of the Baltic Sea. The Dec. 30 announcement came the same day that Eolus said it was […]

  • Vestas’ Year-End Deals Include Wind Projects in U.S., Brazil, Ireland

    Major wind turbine manufacturer Vestas has announced several deals as the company ends 2022, including what the Danish company calls the largest wind project in Latin America, along with a U.S. onshore wind repowering project. The announcements come as the wind power industry continues to be challenged by several factors, including equipment supply chain problems […]

  • The 12 Most-Read POWER Global Monitor Articles of 2022

    Every month, POWER magazine publishes several articles in its Global Monitor section covering topics important to the electric power generation industry. The articles typically feature interesting updates on progress made at notable projects around the world, big policy changes, or promising research and development (R&D) news. Short notes about major contracts are also touched on […]

  • Covering More with Less: Securing Renewable Energy Sources

    A wide range of industries fall under the umbrella of critical infrastructure, and they are all—as the name implies—critical. From energy production and water treatment to transportation and data storage, everything within critical infrastructure serves an essential purpose when it comes to the continued functioning of the nation. Unfortunately, that makes critical infrastructure sites a […]

  • World Bank Group Financing West Africa Power Project

    An agency associated with the World Bank will finance installation of solar and hydropower systems, and support related transmission and distribution infrastructure, to provide more electricity to areas of West Africa. The World Bank Group’s International Development Association (IDA) is investing $311 million into the Regional Emergency Solar Power Intervention Project (RESPITE), an initiative designed […]

  • Vattenfall Will Build 1.3-GW Offshore Wind Farm Near Finland

    Vattenfall, the Sweden-based multinational power company, will build and operate Finland’s first gigascale offshore wind farm as part of a joint venture with Finnish state-owned seabed and forest management group Metsähallitus. The project announced Dec. 20 is the 1.3-GW Korsnäs plant in the Bay of Bothnia, which sits between Sweden and Finland in the Baltic […]

  • New Report Shows EU Solar Installations Rise Nearly 50%

    A new report from industry group SolarPower Europe shows that solar installations in the European Union increased by almost 50% year-over-year in 2022, to a record 41.4 GW of generation capacity. “The numbers are clear. Solar is offering a lifeline amid energy and climate crises,” said Walburga Hemetsberger, CEO of SolarPower Europe. “No other energy […]

  • ReNew Power signs 150-MW Agreement with Microsoft

    GURUGRAM, India, Dec. 16, 2022 — ReNew Power (“ReNew” or “the Company”) (NASDAQ: RNW) (NASDAQ: RNWWW), India’s leading renewable energy company, today announced that it has signed a renewable energy agreement of 150 MW with Microsoft India, in one of the largest such deals in the country. As part of the arrangement, ReNew will produce 150 MW of clean energy from a […]

  • Hitachi Energy Will Modernize HVDC System, Boost Delivery of Canadian Hydropower to U.S.

    Hitachi Energy will spearhead the modernization of a key high-voltage direct current (HVDC) system in Canada to support the transmission of 1,500 MW of renewable power between Quebec and New York state’s electrical networks. Hydro-Québec, Canada’s largest power utility, on Dec. 15, picked the global technology firm to supply a “back-to-back” converter station at Châteauguay, […]

  • Chevron and Baseload Capital create joint venture to explore geothermal development opportunities

    HOUSTON/STOCKHOLM, Dec. 14, 2022 – Chevron Corporation (NYSE: CVX), through its Chevron New Energies business, and Baseload Capital have announced a joint venture to develop geothermal projects in the United States. The two companies will collaborate on driving geothermal opportunities – including identifying the best prospects for development, operations and progressing the next generation of geothermal […]

  • Report: Clean Energy Industry Sees Massive Investments Since August

    WASHINGTON, D.C., December 14, 2022 – In just the last three months, over $40 billion of new grid-scale clean energy investments have been announced, a new report shows – the same amount as the total investment estimated for all clean energy projects installed in 2021. The Clean Energy Investing in America report, released today by the […]

  • The POWER Interview: Emerson Exec Talks Hybrid Facilities

    More companies are providing software and automation technology to the power generation sector, particularly as newer forms of electricity production increase their market share. Emerson is among those groups, with its technology providing a single, integrated, secure platform that is independent of plant type or the equipment originally installed at a generation facility. James Fraser, […]

  • Mitsubishi Power Will Build New Geothermal for Indonesia

    Mitsubishi Power is expanding its geothermal infrastructure in Indonesia. The company has received an order from PT Pertamina Geothermal Energy (PGE), a subsidiary of the state-owned oil and gas group PT Pertamina, for construction of a 55-MW unit at the Lumut Balai Unit 2 geothermal power station. The order is for a steam turbine, generator, […]

  • Hybrids Combine Technologies to Enhance Electricity Production

    Solar + wind, solar + storage, wind + storage—even fossil fuels combined with renewable energy—are supporting the growth of hybrid power plants that are breaking the norms of traditional power generation

  • Major Energy Players Seal Big Deals for Renewables

    The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power generation project portfolios. Among the latest is