Showing 1 to 34 of 34 results.
Invenergy sells Scottish project to Greencoast UK Wind
Chicago-based Invenergy has sold its 69.5MW Corriegarth wind facility in Scotland to Greencoast UK Wind, a fund run by renewables infrastructure investor Greencoat Capital. Invenergy did not release terms of the transaction. Located 31km southwest of Inverness, Corriegarth was completed in October 2015 and commissioned in April. It utilizes 23 Enercon E82 turbines. Greencoat eyes new wind assetWind rechargenews.com 1 hours old
Inocean buys out ABB in ABB Inocean joint venture
Norway-based offshore architectural firm Inocean has acquired the outstanding shares in ABB Inocean, expanding its focus within offshore wind. Zurich-based industrial group ABB and Oslo-based Inocean had been joint venture partners since 2012, when the duo formed ABB Inocean. Within the joint venture, ABB handled the electrical and cabling work, while Inocean focused on the subsea platforms thatWind rechargenews.com 7 hours old
Global RE capacity to almost double by 2026 on costs, tenders – BMI
Non-hydro renewables capacity will expand by an annual average of 7.9% in the ten years up to 2026, meaning that the sector will almost double in size during that period to more than 1,700GW of installed capacity, Fitch unit BMI Research says. Of that, 48% will be in wind power, followed by solar with 42% of the renewables capacity mix, 9% for biomass and 1% for geothermal, BMI says in its industTransition rechargenews.com 8 hours old
ABB to ‘upgrade’ service vessels for renewables
Swiss group ABB is working to optimise the safety and environmental credentials of a new Louis Dreyfus Armateurs wind farm service operation vessel (SOV) to enable the cost-efficient integration of batteries. ABB said it will install onboard DC grid power distribution, which will enable the integration of energy storage on the specialised hybrid vessel. “As an integral part of the power system,Wind rechargenews.com 9 hours old
‘A transition to a low-carbon economy has to see fossil fuels finance green energy’
The role of emerging debt instruments such as green bonds in raising capital for climate-friendly projects has been around for a decade. However, since the first ever green bond was issued in 2007 by the European Investment Bank (EIB), the market has grown at a spectacular rate. In 2012, just $3bn of green bonds were sold. In 2016 their value reached $82.6bn. By the end of this year, the total vTransition rechargenews.com 10 hours old
Banks Renewables lands Lethans wind farm OK
Banks Renewables has landed permission from Scotland’s East Ayrshire Council for the 74.8MW Lethans onshore wind project. The approval was granted with an unanimous non-objection support by council members, the developer said in a statement. The scheme will now be reviewed by the Scottish Government’s Energy and Consents Department as the proposed project’s capacity surpasses 50MW, said Banks.Wind rechargenews.com 10 hours old
India can raise RE share to a quarter by 2030, IRENA
Giving a vital role to solar and wind power, India can raise its renewable energy use to meet a quarter of its final energy demand by 2030, a new report by the International Renewable Energy Agency (IRENA) finds. Independently, BMI Research in an analysis has revised its wind and solar forecasts for India upwards as the country is seen as a global outperformer in capacity growth rates, a developmTransition rechargenews.com 11 hours old
Russia's Rosatom eyes stake in AMSC licensee Inox Wind
Russia’s state atomic energy corporation, Rosatom, is looking at a potential investment in Indian turbine group Inox Wind, whose electronic control system (ECS) technology is licensed by AMSC, a US firm based in Massachusetts. Mint business newspaper in Delhi reports a source as saying that talks were in “early stages.” Rosatom is said to view India’s second largest wind-turbine maker as a supplyWind rechargenews.com 22 hours old
Sempra Energy to acquire transmission giant Oncor in Texas
Sempra Energy, which owns a major California electric utility and a fast-growing portfolio of renewables assets, has reached agreement to pay $9.45bn in cash to acquire Oncor, the largest power transmission system and wind energy distributor in Texas. The last-minute deal ((including debt, it has $18.8bn enterprise value) for bankrupt Energy Future Holdings Corp. (EFH) and its 80% ownership in stWind rechargenews.com 21 Aug 16:11 GMT
Masdar in deal with GE to build Oman's first large wind farm
Abu Dhabi-based clean energy group Masdar has signed an EPC contract with a consortium comprising GE and Spain’s TSK to build the first large-scale wind farm in Oman. The Dhofar wind power project is the result of a joint development agreement established in 2014 between Masdar and the Rural Areas Electricity Company of Oman (Raeco). Leading the EPC consortium GE will supply thirteen 3.8MW turbiWind rechargenews.com 21 Aug 13:13 GMT
Vestas wins 180MW Thai order for V136-3.0MW machine
Danish wind turbine manufacturer Vestas has finalised the sale of 60 of its V136-3.0MW machines for an undisclosed customer in Thailand. The low-wind turbines will be the first of their kind in Asia Pacific, and with a hub height of 157 meters, the wind park will also feature the highest towers in the region to date, Vestas claims. The order includes supply and installation of the turbines as wWind rechargenews.com 21 Aug 11:47 GMT
E.ON using environmentally-friendly corrosion coating at Arkona offshore project
German utility E.ON at the 385MW Arkona offshore project in the German Baltic Sea for the first time is using an innovative corrosion protection technology that it claims will reduce metal deposits from corrosion during the wind farms 25-year operating life by several hundred tonnes. Norwegian oil company Statoil owns a 50% participation in Arkona. E.ON has developed the environmentally-friendlyWind rechargenews.com 21 Aug 09:39 GMT
Northland reaches financial close on 252MW Deutsche Bucht
Canadian group Northland Power has reached financial close on the 252MW Deutsche Bucht (DeBu) offshore wind farm located in the German North Sea. The €1.3bn ($1.5bn) project, 100% owned by Northland, will get the majority of its costs covered via loans from ten international commercial lenders. “Approximately 75% of the project's required costs will be provided from a €988 million non-recourseWind rechargenews.com 21 Aug 09:06 GMT
Siemens Gamesa to lay off 140 workers at US nacelle plant
Siemens Gamesa Renewable Energy in September will begin laying off 140 employees at its nacelle factory in Hutchinson, Kansas, the vendor’s latest move in North America to “adjust” its workforce and manufacturing footprint in response to a weak sales outlook. Last month, the company confirmed it will close a rotor blade production plant in southern Ontario, Canada, leaving 340 workers without jobWind rechargenews.com 21 Aug 04:01 GMT
Dong, Zeeland Seaports to build O&M base for Borssele 1& 2
Denmark’s Dong Energy and Zeeland Seaports have inked a letter of intent to build an operations and maintenance (O&M) base in the Dutch port of Vlissingen Buitenhaven to service the developer’s 752MW Borssele 1&2 offshore wind farms. The two companies have agreed to “further develop a specific location in the coming months” at the North Sea site, after which a final contract will be signed. "WeWind rechargenews.com 18 Aug 17:29 GMT
US power generator Calpine accepts $5.6bn buyout offer
Renewables and natural gas power generation company Calpine has accepted a $5.6bn buyout offer from private equity firm Energy Capital Partners (ECP) and a group of co-investors including Canada Pension Plan Investment Board. Houston-based Calpine says its board unanimously approved the offer of $15.25 per share in cash, with the deal having an enterprise value of about $17bn including debt. CalpWind rechargenews.com 18 Aug 15:32 GMT
Siemens Gamesa to cut 600 jobs at Aalborg blade plant
Wind OEM Siemens Gamesa Renewable Energy has announced plans to cut 600 jobs at its blade plant in Aalborg, Denmark. The job losses — expected to come into force at the end of September — represent more than a quarter of the manufacturing plant’s existing workforce of 2,100. The company said in a statement: “Siemens Gamesa Renewable Energy today announces steps to refocus some of its internationWind rechargenews.com 18 Aug 15:18 GMT
Dong confirms EEW SPC to supply all-monopile Hornsea 1
Dong Energy has confirmed EEW Special Pipe Constructions as producer of all 174 monopile foundations for the 1.2GW Hornsea 1 offshore wind farm that will be the world’s biggest. The deal extends a 116-monopile contract with EEW SPC for the wind farm off eastern England, which is due for completion by the end of 2020 using 7MW Siemens turbines. The Danish developer originally considered deployingWind rechargenews.com 18 Aug 11:07 GMT
Offshore wind supply chain needs to heed Robin Rigg verdict
OPINION | The UK Supreme Court judgement deciding the Robin Rigg foundations saga in favour of E.ON has big implications for contractors in the country's offshore wind sector, writes Rebecca WilliamsWind rechargenews.com 18 Aug 09:58 GMT
UK GIB becomes Green Investment Group as Macquarie takes over
The UK has completed the £2.3bn ($2.96bn) sale of the country’s Green Investment Bank (GIB) to global finance house Macquarie, which changed its name to the Green Investment Group (GIG) ahead of an international investment push. The newly-rebranded GIG – set up as the GIB by the UK government in 2012 to help kick-start low-carbon projects – will retain its core remit under the Australian investmeTransition rechargenews.com 18 Aug 08:18 GMT
Danes brought in by Engie for French offshore duo
LIC Engineering to shepherd contractor packages for pair of 496MW wind farms in the AtlanticWind rechargenews.com 17 Aug 17:17 GMT
Enel Green Power seals US project tax equity investment
A subsidiary of Enel Green Power North America (EGPNA) has a signed a $300m tax equity agreement with Allianz Renewable Energy Partners and MUFG for the 300MW Red Dirt wind project in Oklahoma. The tax equity partnership will be supported by a parent company guarantee from Enel SpA. The deal allows the two investors to obtain a percentage of fiscal benefits that the project will generate as it haWind rechargenews.com 17 Aug 15:12 GMT
New Argentina tender seeks 550MW of wind and 450MW of PV
Argentina has set price caps of $56.25/MWh for the 550MW of wind power projects and $57.04/MWh for the 450MW of PV it plans to contract in this year’s RenovAr tender. The tender rules were published late on 16 August, and Argentina will also seek small-hydro, biomass, biogas and waste-to-energy adding up to 200MW, meaning 1.2GW-worth of renewable power generation projects will be contracted thisTransition rechargenews.com 17 Aug 15:11 GMT
Policy clarity can keep UK offshore wind on the growth track
OPINION | Falling costs and the need to decarbonise mean the UK is likely to want even more offshore wind into the 2020s, so it needs to get the right policies in place now, says Mike BlanchWind rechargenews.com 17 Aug 14:40 GMT
DEME wins order for Elia’s Belgian modular offshore wind grid
Dredging International, a unit of the DEME Group, has won a €130m ($152.8m) contract from Belgian transmission system operator Elia for the submarine power cable installation for the Modular Offshore Grid (MOG) in the North Sea that will connect four future offshore arrays to the mainland. Elia’s MOG, or so-called 'electricity plug', includes an offshore switchyard platform (OSY) about 40km off tWind rechargenews.com 17 Aug 09:50 GMT
Vestas shares fall after second-quarter revenue and profits slip
Vestas pointed to higher orders as evidence of continuing solid progress in its financial second quarter despite a year-on-year fall in revenue and profits, but saw its shares fall sharply in Copenhagen on Thursday morning. The Danish wind group reported revenues of €2.2bn ($2.59bn) for the April to June period, a 14% drop on the same quarter last year, while operating profit (Ebit) fell to €279Wind rechargenews.com 17 Aug 07:39 GMT
GE and AGL to build 453MW Coopers Gap wind farm in Australia
GE will co-develop what is being billed as Australia’s largest wind farm – the 453MW Coopers Gap – with local power group AGL. Coopers Gap, 250km north of Brisbane in the state of Queensland, got the green light on Thursday after AGL completed the transfer of the project to the Powering Australian Renewables Fund (PARF). Australia's 200MW Silverton to go ahead with GE turbines The A$850m ($675mWind rechargenews.com 17 Aug 07:06 GMT
Missouri rejection leaves Clean Line project in doubt
Electric utility regulators in Missouri on Wednesday blocked developer Clean Line Energy Partners from building its $2.3bn Grain Belt Express (GBE) wind energy transmission project through their state, dealing it a body blow and leaving its future uncertain. Missouri is a critical middle link in the 780-mile (1,255km) project that would transport 4GW of wind-generated power from western Kansas toWind rechargenews.com 16 Aug 20:47 GMT
Record wind generation seen this year in Texas ERCOT
Wind will likely set generation records this year within the main Texas electric grid, after it gained an 18.8% share of that market through July versus 15.1% for all of 2016, Electric Reliability Council of Texas (ERCOT) data shows. If wind can maintain that pace, it would easily surpass the market share of last year, its best performance to date. Wind generated 38.5 million MWh of electricityWind rechargenews.com 16 Aug 16:44 GMT
Sub-Saharan Africa lags on lack of bankable RE projects: BMI
Sub-Saharan Africa will remain “the global underperformer” of renewables due to the lack of bankable projects in a region that otherwise offers strong potential for development, according to BMI Research. The research group says in a note that sub-standard grid infrastructure, difficulties accessing finance and financially insecure off-takers contribute to a dearth of regional projects suitable fTransition rechargenews.com 16 Aug 16:17 GMT
US engine maker Cummins seals wind PPA with EDP NA
Leading diesel and gas engine producer Cummins has signed a long-term virtual power purchase agreement that will enable EDP Renewables North America to expand by 75MW its Meadow Lake VI wind farm in northern Indiana. The additional capacity is equivalent to the amount of electricity that Cummins uses each year at manufacturing plants in its headquarters state. The agreement benefits both partWind rechargenews.com 16 Aug 14:46 GMT
China and insurers eye Statkraft UK offshore wind: report
A clutch of possible buyers including one Chinese group are considering bids for the UK offshore wind stakes put up for sale by Norway’s Statkraft, according to a report. UK insurance giant Aviva, China Resources Power Holdings, global investment group Macquarie and Copenhagen Infrastructure Partners are deciding whether to make offers for the Statkraft assets, said financial newswire Bloomberg,Wind rechargenews.com 16 Aug 09:32 GMT
MHI Vestas takes down burnt-out V164 prototype for probe
Offshore wind turbine maker MHI Vestas has taken down a prototype of its flagship V164 turbine that caught fire for as-yet unknown reasons at the Østerild national test site in Denmark in order to better determine the cause of the incident. “We looked at many different scenarios with the investigative teams on how best to determine and confirm the root cause of the incident,” chief technology offWind rechargenews.com 16 Aug 09:03 GMT
Oklahoma $4.5bn Wind Catcher project faces possible hurdle
Oklahoma’s chief legal official is calling on utility regulators there to dismiss a case brought by a subsidiary of American Electric Power (AEP) seeking pre-approval to recover its roughly 30% cost share of a $4.5bn wind and transmission line project in the state. Last Friday, attorney general Mike Hunter through his public utility division filed a motion asking the Oklahoma Corporation CommissiWind rechargenews.com 15 Aug 23:24 GMT
Showing 1 to 34 of 34 results.