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 investme

Transition  rechargenews.com 36 minutes old Andrew Lee in London

Danes brought in by Engie for French offshore duo

LIC Engineering to shepherd contractor packages for pair of 496MW wind farms in the Atlantic

Wind  rechargenews.com 16 hours old Darius Snieckus in London

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 ha

Wind  rechargenews.com 18 hours old Richard A. Kessler in Fort Worth

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 this

Transition  rechargenews.com 18 hours old Alexandre Spatuzza in Sao Paulo

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 Blanch

Wind  rechargenews.com 18 hours old Mike Blanch

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 t

Wind  rechargenews.com 23 hours old Bernd Radowitz in Berlin

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 €279

Wind  rechargenews.com 17 Aug 07:39 GMT Andrew Lee

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 ($675m

Wind  rechargenews.com 17 Aug 07:06 GMT Andrew Lee in London

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 to

Wind  rechargenews.com 16 Aug 20:47 GMT Richard A. Kessler in Fort Worth

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 electricity

Wind  rechargenews.com 16 Aug 16:44 GMT Richard A. Kessler in Fort Worth