Wind Farms








Asia

North America

Renewable Energy

Google invests 1 billion euros in Finnish data centre to drive AI growth

Alphabetowned Google will invest a more 1 billion euros ($ 1.1 billion). into the expansion of its data centre campus in Finland to drive. its artificial intelligence (AI) company growth in Europe, it. stated in a declaration on Monday. In recent years, numerous data centres have been found in the. Nordic nations because of the region's cooler environment, tax. breaks and plentiful availability of renewable power. Finland's Nordic neighbours Sweden and Norway have recently. grown progressively vital of hosting them, with some industry. professionals arguing the Nordic nations need to use their renewable. power for items such as green steel...

Power Markets

A Trump presidency would risk $1 trillion in tidy energy investment, WoodMac states

A victory by Donald Trump in the Nov. 5 presidential election would threaten a predicted $ 1 trillion in lowcarbon energy investments and carbon emissions would be 1 billion tonnes more by 2050 than under present policies, according to a brand-new analysis by Wood Mackenzie released on Thursday. KEY QUOTE This election cycle will truly influence the pace of energy financial investment, both in the next 5 years and through 2050, said David Brown, director of Wood Mackenzie's Energy Transition Research study. Investments in low carbon supply require to be made in the near term to recognize longer-dated decarbonization targets....

Power Markets

Dominion preparing to power 15 more data centers in 2024

Dominion Energy expects to service 15 more information centers through completion of 2024 as the utility gets bigger power requests from computer warehouse developers, executives stated on Thursday. Rule's service territory consists of northern Virginia, that includes a cluster of counties that hold the world's. largest concentration of data centers. The method data centers are ramping up is much faster than they. have in the past and their demands are bigger than they've been. in the past, Dominion CEO Robert Blue said, adding that his business. has actually linked 94 gigawatts of information center capacity in the past. five years....

Climate Change

US prepares 12 offshore wind auctions over 5 years

U.S. President Joe Biden's administration revealed plans on Wednesday to hold up to a dozen auctions of overseas wind advancement rights through 2028, consisting of four before completion of this year. The schedule will help companies, states and others plan for jobs that need huge quantities of investment and infrastructure, the Interior Department stated in a declaration. Interior has held simply four offshore wind auctions since Biden took workplace in 2021. The last one, in the Gulf of Mexico last August, brought in uninspired market interest. The agency will frequently upgrade the schedule under brand-new guidelines finalized on Wednesday. The...

Environment

United States sets prepare for 12 offshore wind auctions over 5 years

President Joe Biden's. administration unveiled plans on Wednesday to hold up to a dozen. auctions of overseas wind development rights through 2028,. including four before completion of this year. The schedule will help companies, states and others plan for. tasks that require huge amounts of investment and. infrastructure, the Interior Department said in a statement. Our offshore wind leasing schedule will provide. predictability to assist designers and neighborhoods prepare ahead and. will offer the self-confidence required to continue building on the. remarkable offshore wind supply chain and manufacturing. financial investments that we have actually currently seen, Interior Secretary Deborah. Haaland...

Renewable Energy

Set up offshore wind capability in U.S. sees almost six-fold jump in first-quarter, report states

Installed overseas wind capability in the U.S. grew to 242 megawatt (MW) in the first quarter of the year from 42 MW in the previous quarter, the Oceantic Network stated in its report, showcasing a recovery in a formerly volatile market. WHY IT is necessary The overseas wind industry is anticipated to play a significant function in assisting several states and, the Biden administration satisfy objectives to decarbonize the power grid and battle environment change. The industry had a difficult 2023 after designers wrote off billions of dollars in disability charges due to high-interest rates, supply chain snags, and rising...

Power Markets

China's dominance in wind turbine production

The European Union will examine aids received by Chinese suppliers of wind turbines predestined for Europe, the bloc's antitrust commissioner, Margrethe Vestager, has actually said. Tuesday's move is the current in a growing effort in both Europe and the United States to protect domestic clean energy markets from low-cost Chinese imports, which authorities state benefit from anti-competitive state subsidies. Washington would not accept U.S. market being annihilated. by China's excess commercial capability in key items such as. EVs, batteries and photovoltaic panels, U.S. Treasury Secretary Janet. Yellen cautioned during a visit to China today. Here is what we know about...

Power Markets

EDF Renewables to replace CEO and evaluate abroad teams

French stateowned utility EDF strategies to ask Beatrice Buffon to replace Bruno Bensasson as president of EDF Renewables next month, the company said on Thursday. EDF will likewise launch an evaluation of its international capabilities, Chairman and CEO Luc Remont said in a declaration without elaborating on possible results. This is an opportunity for me to start a conversation on the debt consolidation of our global abilities and the enhancement of the readability of our organisation for our external stakeholders, Remont said. EDF Renewables had 12.8 gigawatts of set up capacity at completion of 2023, mainly in offshore wind and...

Wind Farms

Alberta's ban on renewables might injure C$ 11 bln in investments, study says

Alberta's restriction on some eco-friendly jobs could hurt C$ 11.1 billion ($ 8.24 billion) in investments and stall up to 6.3 gigawatts (GW) of solar and wind power capability, a research study said on Monday. The new guidelines possibly impact 42 jobs and several thousand jobs, the Pembina Institute, an Alberta-based clean energy think tank, stated in the research study. Last month, Canada's primary oil-producing province carried out a ban on sustainable power tasks proposed for prime farming land and likewise purchased the production of buffer zones so that wind turbines do not spoil panoramas. The provincial federal government has,...

Wind Farms

US authorizes Orsted's Dawn Wind overseas wind farm to power New york city homes

The Biden administration on Tuesday provided final approval to Orsted and Eversource's. Dawn Wind overseas wind facility, which is anticipated to. offer power to more than 320,000 homes in New york city. The announcement was the current positive development for the. job, which Denmark's Orsted alerted just months earlier could. fail without a brand-new contract that would cover soaring costs for. devices and financing. It was likewise the seventh offshore wind job approval by. President Joe Biden's Interior Department, which has a goal of. allowing 30 gigawatts of offshore wind capacity by 2030 as. part of the president's climate modification...

Renewable Energy

US modifies tax credit guideline to assist offshore wind tasks

The Biden administration on Friday released brand-new rules that will make it easier for overseas wind developers to declare an aid for facilities planned in locations that have actually historically counted on fossil fuel markets for work. The modification follows nearly a year of cautions by offshore wind companies that their tasks may not move forward without access to particular aids in U.S. President Joe Biden's. landmark climate modification law, the Inflation Decrease Act. Offshore wind is an important part of Biden's strategy to. decarbonize the U.S. power grid and fight environment modification. In a statement, the Treasury Department stated...

Power Markets

California grid operator backs big boost in overseas wind

California's grid operator has actually suggested $6.1 billion of new transmission tasks with most of the money to direct more electrical energy from offshore wind turbines to the grid as the most populous U.S. state races to meet tidy energy targets. State utility regulators have forecasted that California needs to build more than 85 GW of clean electrical power capacity by 2035 to fulfill its greenhouse gas decrease objectives and keep up with need. Nineteen of the 26 jobs included in the California Independent System Operator's strategy would be required to ensure grid reliability amid anticipated increases in electrical energy...

Europe

Energy Markets

Siemens Gamesa's CEO-designate eyes onshore wind advancement to fix quality problems

The designated employer of Siemens Energy's troubled wind turbine division will review whether onshore item cycles should be longer, recommending that current advancement time may be too short. Brief product cycles and the restricted screening and hurried advancement that they involve have actually been pointed out as crucial factors for why Siemens Gamesa's latest onshore turbines have been struck by quality concerns, causing the group's biggest crisis to date last year. Typically, when you talk about offshore wind platforms, these are usually speaking 5- to seven-year journeys to develop, stated Vinod Philip, who replaces Jochen Eickholt as Siemens Gamesa's CEO...

Renewable Energy

Romania's Premier Energy valued at $525 mln in IPO

Romaniabased Premier Energy said on Thursday its initial public offering (IPO) had been priced at 19.5 lei per share, indicating a market value of 2.4 billion lei ($ 525 million). The renewable resource designer, owned by Czech financial investment company Emma Capital, said the IPO amounted to a 28.75% stake. It will list on the Bucharest Stock Market on May 27, with gross earnings from the IPO - totalling approximately 695 million lei - to be used for additional renewable energy acquisitions and projects in Romania and neighbouring Moldova. The flotation follows the Bucharest listing of state-owned hydro power producer...

Renewable Fuels

Morocco to nearly double its energy capacity by 2027- minister

Morocco prepares to invest $7. billion to add 9 gigawatts to its 11 GW installed energy. capability by 2027, energy minister Leila Benali said on. Wednesday. Renewables would comprise 6.5 GW of the included capacity, Benali. informed a conference on batteries in Rabat. Eco-friendly capacity is. currently 4.5 GW, or 37.6% of total capacity, according to. electrical power regulator. Morocco has invested $6 billion in renewables because 2009,. seeking to increase their share of the country's energy mix to. 52% by 2050, mainly through financial investments in solar and wind. We need to invest more in areas like grids- to...

Western Europe

East Asia

Mineral Resources

Japanese steelmaker JFE eyes overseas financial investments in the middle of slower earnings growth

JFE Holdings prepares to ramp up abroad investments as part of a longterm drive to double profits, Japan's No. 2 steelmaker stated on Tuesday, as it posted a 21.4% increase in annual net profit but likewise flagged a. smaller boost for this year. JFE President Yoshihisa Kitano, who took the helm on April. 1, said he would speed up the business's tactical shift from. quantity to quality, however did not offer a timeframe for doubling. its company earnings, other than stating it would take more than. 3-5 years. Enhancing abroad profits is necessary to our objective of. doubling revenues, he...

Fossil Fuels

China's rising hydro and solar set to cap coal usage in 2024: Kemp

China's electrical energy usage increased by 209 billion kilowatthours, or 10%, in the first three months of 2024 compared with the same period in 2023, when the country was emerging from the exit wave of the coronavirus. Consumption development was focused in production (+112. billion kWh) as factories returned to normal operations after. widespread disturbances caused by lockdowns in 2022 and 2023. However there was also substantial development from services companies. ( +53 billion kWh), domestic users (+41 billion kWh) and. main markets such as farming and mining (+3 billion. kWh), according to the National Energy Administration. Chartbook: China electrical...

Renewable Energy

Orsted says Taiwan wind task to power TSMC on track for 2025 finish

Denmark's Orsted , the world's most significant offshore wind farm designer, stated on Wednesday a task in Taiwan that will supply power for chipmaker TSMC is progressing well and is on track for completion next year. Orsted stated in March of in 2015 it had actually made a final investment decision to proceed with its planned 920 megawatt ( MW) Greater Changhua 2b and 4 overseas wind farms, which will primarily supply Taiwan Semiconductor Production Co (TSMC). , the world's biggest contract chipmaker. Orsted has not stated how much it is buying the task. We are advancing very well on...

Energy Markets

Germany's LEAG plans to build four gas power plants

Coal miner and power generator LEAG, owned by Czech energy company EPH, plans to construct gasfired power stations at four places in Germany as part of a federal government strategy to add more such plants, its CEO informed in an interview. We will certainly be associated with this, stated Thorsten Kramer. We have 4 power plant sites. We are getting all of them, he stated, describing Berlin's plans to tender capability in an auction system that is yet to be defined. Preparation for the websites, which would have a combined capacity of a minimum of 3 gigawatts (GW), has been...

Renewable Energy

British Service - March 25

The following are the top stories on business pages of British papers. has not confirmed these stories and does not attest their accuracy. The Times - China has targeted a group of senior politicians at Westminster as part of a new age of state-backed disturbance targeted at weakening British democracy. The Guardian - Sadiq Khan has actually vowed not to extend the scope of London's. ultra-low emission zone scheme if he goes back to the role after. May's election. The Telegraph - Wind farm owners are being investigated by the energy. watchdog for supposed market manipulation after they were implicated....

Power Markets

IKEA stores owner Ingka looks for green energy expansion in S.Korea, Japan

Ingka, which owns the majority of IKEA stores worldwide, is seeking its first sustainable investment opportunities in South Korea and Japan, with offshore wind the most appealing alternative, the head of its financial investment arm said. Ingka Investments has actually quickly become a significant owner of renewable energy possessions in Europe as a method to decarbonise its own company as well as its broader supply chain, Peter van der Poel, its managing director, told . We are still actively searching in Europe however we're likewise still looking, for example, in South Korea and in Japan, where we also have existence,...

Electric Utilities

Japan picks JRE, Ibedrola, Tohoku Electric for offshore wind farm

The Japanese government has selected a consortium making up Japan Renewable resource, Iberdrola Renewables and Tohoku Electric Power as the wind power operator for an overseas block tendered in a second round of auctions, it said on Friday. The 375-megawatt (MW) wind farm is located off the coast of Happo-Noshiro in Akita prefecture in northern Japan and is part of Japan's efforts to grow its overseas wind market to 10 gigawatt (GW) by 2030, and up to 45 GW by 2040. Danish wind turbine maker Vestas will supply turbines for the Happo-Noshiro task that should be introduced in June 2029,...

Climate Change

China, decarbonisation present Australia's iron ore miners with costly options: Russell

Australia's large iron ore mining sector is facing stark options as its biggest consumer China has likely hit a peak in its steel production and global pressures install to decarbonise one the world's most contaminating markets. The scale of these difficulties are enormous, but they are far from insurmountable, and there are a selection of choices that Australia's iron ore miners can pursue. The trick is selecting a path that increases earnings, or at least reduces expenses, while ensuring that the market continues to flourish. Australia is the world's biggest exporter of iron ore, the crucial basic material utilized to...

Wind Farms

Norway's inaugural overseas wind auction to continue on Wednesday

Norway's very first auction for the right to construct a business offshore wind farm in the North Sea will continue Wednesday, the energy ministry stated on Tuesday evening. The auction to build up to 1.5 gigawatts (GW) of offshore wind capability some 200 kilometres (124 miles) from the Norwegian shore, and close to maritime border with Denmark, was released on Monday and continued through Tuesday. The auction has continued throughout the day and has taken a break. The auction will start once again at 0900 (0800 GMT). tomorrow, Wednesday, the ministry stated in an update. 5 groups pre-qualified for the...

Energy Markets

Japanese firms join forces to promote drifting overseas wind power advancement

A group of Japanese energy firms consisting of Mitsubishi's wind power unit, JERA and Tokyo Gas, have actually established an association to increase the advancement of floating offshore wind farms and collectively create technology, they said on Friday. Japan aims to end up being a major offshore wind power manufacturer, with the federal government targeting 10 gigawatt (GW) tasks by 2030 and as much as 45 GW by 2040 as part of its decarbonisation push, for which floating overseas wind is vital. The group of 14 business said they have actually established the Drifting Offshore Wind Technology Research study Association...

Energy Markets

India hydropower output records steepest fall in nearly four years

India's hydroelectricity output fell at the steepest rate in at least 38 years during the year ended March 31, a analysis of government data showed, as unpredictable rains required more reliance on coalfired power amid higher demand. The 16.3% drop in generation from the country's most significant tidy energy source accompanied the share of renewables in power generation moving for the first time considering that Prime Minister Narendra Modi made dedications to improve solar and wind capacity at the United Nations environment talks at Paris in 2015. Renewables represented 11.7% of India's power output in the year that ended in...