Archive: Wind

Ritter’s Message: Market Forces Drive Growth in Distributed Generation

Market forces are playing as much if not more of a role than regulatory policy in the transition from fossil-fueled power generation to renewables, as utilities in the U.S. and worldwide establish decarbonization goals. That was the message from Bill Ritter Jr., former governor of Colorado, during his keynote address at POWER’s Distributed Energy Conference […]

First Floating Offshore Wind Farm to Power Oil and Gas Platforms Kicks Off

Siemens Gamesa has bagged a lucrative contract to supply 11 8-MW offshore wind turbines to Equinor’s 88-MW Hywind Tampen floating wind farm, a first-of-its-kind project that will power oil and gas platforms 140 kilometers offshore Norway.  Equinor—as Statoil, Norway’s state-owned oil company, is now named—announced a final investment decision to build Hywind Tampen on Oct. […]

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Oil and Gas Heavyweights Seek Lifeline in Clean Energy and Tech Sectors

Oilfield service providers are increasingly moving beyond oil and gas development work, and into renewable energy projects, according to a study conducted by Rystad Energy, an independent research and business intelligence company that provides data, tools, analytics, and consultancy services to the global energy industry. In findings released on Oct. 29, Rystad said that oil […]

Dominion Solar, Wind Projects Will Power Virginia Government Buildings

Dominion Energy has entered a partnership with the commonwealth of Virginia in which government-owned buildings and facilities in the state will get power from Dominion’s solar and wind energy projects. The agreement, signed by Dominion and Virginia Gov. Ralph Northam on Oct. 18, is the largest procurement of renewable energy to date by the state […]

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Buffett Still Banking on Energy—BHE Announces Canadian Wind Farm

The evolving landscape of power includes not only new types of generation, but also involves new investors, including some of the most well-known names in global business. Bill Gates, who co-founded Microsoft with the late Paul Allen, formed Breakthrough Energy Ventures (BEV) in 2016, a group that supports battery energy storage, nuclear power innovation, geothermal, […]

Uptake of GE’s Biggest Wind Turbines Gain Traction

GE Renewable Energy has made major gains in orders for its 5.3-MW Cypress onshore wind turbine and the 12-MW Haliade-X offshore wind turbine. Prototypes of both are still being tested in the Netherlands. Key Contracts for Innovative 5-MW Onshore Machine  The GE business division introduced the first turbine in the Cypress platform, a 4.8-MW machine, […]

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Distress and Deals Continue to Persist in Energy Sector

At the end of last year, the power market began to lose steam. The credit market wasn’t as strong as it was at the start of the year and many people began speculating “doom and gloom” for the market. However, over the last few months, the power market has picked up and is beginning to […]

Researchers: $71 Billion of Japan’s Coal Assets at Risk

Research from the University of Tokyo, along with that of two other groups, shows Japan’s coal-fired power plant fleet is at economic risk as the country adds more generation from renewable energy resources such as solar and wind. The report, called “Land of the Rising Sun and Offshore Wind,” released Oct. 6 and based on […]

EIA: Renewables Will Account for Half of Global Power Generation by 2050

Solar power is expected to take a larger share of global power generation across the next 30 years, according to the U.S. Energy Information Administration (EIA), as renewable energy continues to be adopted worldwide. The EIA’s International Energy Outlook 2019 (IEO2019), released Oct. 2, shows 28% of the world’s power came from renewables in 2018, […]

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How Remote Operation Centers Can Help Companies Transition

The energy industry is currently moving from a traditional, highly regulated production model dominated by electricity utilities to a decentralized, deregulated model featuring a higher proportion of renewable energy sources such as wind and solar power. With subsidies in decline, renewables are reaching grid parity—with costs equal to or less than traditional sources. Not surprisingly, […]