Massive investment in offshore wind is expected to drive capacity to 21 gigawatts by 2030, according to a report by IHS Markit, compared to the current capacity of 42 megawatts. But analysts say the industry is still likely to fall 30% short of President Biden’s 2030 goals.
The Biden administration set a goal of reaching 30GW offshore wind capacity by 2030 – a milestone authors from the Clean Energy Technology service say the White House is “almost certain” to miss.
IHS Markit [...]
A joint venture owned by utility giant National Grid has secured $150 million in new credit to help grow its renewable energy investment over the coming years.
Emerald Energy Venture LLC secured its $150 million portfolio revolving facility structured by SMBC, which is also lead arranger and agent. The portfolio revolver can be expanded to $250 million midway through next year.
The new credit will allow National Grid’s EEV to fund construction of solar, battery storage and wind projects [...]
Fuel cell technology firm Plug Power and Apex Clean Energy are partnering on a 345-MW wind power purchase agreement and development of a green hydrogen facility driven by the zero-carbon electricity.
The 100-percent renewable energy PPA will supply a new hydrogen production plant being co-developed by Plug Power and Apex. Once operational, the hydrogen plant could produce more than 30 metric tons per day of carbon-free, liquid hydrogen—enough to fuel 1,000 heavy duty trucks and twice that m [...]
An international consortium made up of InterContinental Energy, CWP Global and Mirning Green Energy Limited, announced today an integrated green fuels mega project in the South-East of Western Australia.
When fully operational, the Western Green Energy Hub (WGEH) could produce up to 50 gigawatts of hybrid wind and solar power over 15,000-square-kilometres in South-East Western Australia, across the Shires of Dundas and the City of Kalgoorlie-Boulder. The region provides an optimal diurnal pro [...]
Last week Mortenson said it has started work at Terra-Gen’s 60-MW Oasis Wind project located in Mojave, California. The work involves the repowering of a project first operational in 2004. Mortenson will replace sixty 1-MW turbines with seventeen state-of-the-art, 3-MW class turbines.
The repowered project will consist of six Vestas V112-3.45 MW turbines with 112-meter rotors at a 94-meter hub height, and eleven V136-3.6 MW turbines with 136-meter rotors at an 82-meter hub height. All acces [...]
Dallas-based Leeward Renewable Energy is acquiring Indiana wind and solar projects from the original developer.
Tri Global Energy is selling close to 2,000 MW of renewable generating capacity to Leeward. Both projects are based in Blackford County, Indiana, and were developed by Tri Global beginning in 2019.
Blackford Wind will be capable of delivering up to 200 MW, and Blackford Solar will be capable of up to 150 MW. The projects combined are expected to produce enough energy to power mor [...]
RWE Renewables said this week that it has partnered with GE Renewable Energy to repower its Panther Creek III wind farm in West Texas.
The Panther Creek III wind farm, which came online in 2009 is part of a mega-complex that includes the 142.5-MW Panther Creek I and 115.5-MW Panther Creek II, both of which have already undergone repowering.
Panther Creek III currently uses 133 of GE’s 1.5-MW turbines for a total installed capacity of 199.5 MW. By replacing a significant portion of the wi [...]
The wholesale energy wing of Southern Co. has amped up its utility-scale wind project holdings again.
Southern Power acquired its 15th wind power project. The 118-MW Glass Sands facility is located in Murray County, Oklahoma, and was developed by Steelhead Americas, the North American development arm of Vestas.
“We are proud to announce this new addition to our generation portfolio,” said Southern Power President Bill Grantham. “Glass Sands is a great project for Southern P [...]
Technology and commercial advancements are expected to continue to drive down the cost of wind energy, according to a survey led by Lawrence Berkeley National Laboratory (Berkeley Lab) of the world’s foremost wind power experts. Experts anticipate cost reductions of 17%-35% by 2035 and 37%-49% by 2050, driven by bigger and more efficient turbines, lower capital and operating costs, and other advancements. The findings are described in an article in the journal Nature Energy.
The study summa [...]
By Jeff Opperman, Michele Thieme, Rafael Guevara Senga, Amit R. Dalal and Pramod Jain,
In parallel to the internet technology revolution there is another revolution taking place: the power generation industry is fast decarbonizing, moving inexorably from fossil fuels to low carbon sources; maintaining, or even improving, efficiency and reliability even as the leading generation sources are variable renewable energy (VRE). And although this revolution is generally framed as crucial for stabili [...]
Research firm Wood Mackenzie says it anticipates the global wind power industry will install 1 TW of new capacity between 2021 and 2030.
The world set a new record in wind installations in 2020 and saw a number of national and regional targets set for 2030, underscoring the important role of wind technology in the energy transition, according to Wood Mackenzie.
Despite the growth in the wind energy market, there is a need for the enactment of new policies or revision of existing targets to [...]
Within a decade, if not a few years, the levelized cost of electricity is coming way down for new utility-scale onshore wind and solar photovoltaic (PV) projects to levels below all fossil or conventional fuels including combined cycle gas turbine (CCGT) power plants, according to new figures from the U.S. Energy Information Administration.
The EIA’s newly added table compares revenues to costs for all utility-scale form of power generation in the coming years. Using a forecast from 2023 to [...]
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The Skeleton Creek project will be located in three Oklahoma counties [...]
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Wind or solar now represent the least expensive option for adding new power generation capacity in approximately two-thirds of the world. [...]
On June 12, Target corporation said it was increasing its renewable energy goals by committing to source 100 percent of its electricity from renewable sources by 2030. The goal applies to all of Target’s domestic operations. [...]
This week global energy and infrastructure group, Eversheds Sutherland, announced that it helped Ball Corporation secure two virtual power purchase agreements (VPPAs) – one wind and one solar – for a total of 388 MW of new renewable energy. According to Ball, these agreements will allow the company to power 100 percent of its corporate, packaging and aerospace operations electricity load in North America with renewable energy by the end of 2021. [...]
Building solar and wind energy projects on potentially contaminated lands can be a golden opportunity, both effective and cost-effective, for developers. The 120-acre Reilly Tar & Chemical Corporation Superfund site was recently redeveloped with a utility-scale solar farm and is a prime example of the reuse potential inherent in thousands of Superfund sites, brownfields, retired power plants, and landfills. [...]
Over the past week, the U.S. Department of Energy (DOE) has announced multiple funding opportunities to renewable energy research including $130M for early-stage solar and $28M for wind. Further, the National Offshore Wind Research and Development Consortium announced up to $7M in funding for offshore wind. [...]
According to an analysis by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission (FERC), new solar and wind generating capacity has taken the lead over natural gas and all other energy sources for the first month of 2019. [...]
As the Internet serves to democratize the world and enable strangers to share everything from their spare bedrooms to their personal cars through apps and websites, the trend has made its way to renewable energy startups. Specifically, crowdfunding websites like Kickstarter and Indiegogo allow innovators to break outside of the traditional model of seeking out venture capital or applying for government grants. Instead, these ambitious renewable energy projects are increasingly gathering needed s [...]
China set three-year targets for allowing more wind and solar power onto the power grid after the rapid addition of panels and windmills forced some electricity distributors to partly block that energy from flowing into their systems. [...]