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  • BiFab reprieve as offshore wind players and ministers step in

    An agreement has been reached lifting the immediate threat of administration hanging over troubled offshore wind supplier Burntisland Fabrications (BiFab), the Scottish government has said. A financial package has been provided by Dutch-owned contractor Seaway Heavy Lifting, developer SSE, and partners to complete the contract for the 588MW Beatrice wind farm in the outer Moray Firth off eastern

    Wind  rechargenews.com 20 Nov 2017 Christopher Hopson in London

    Rogue US can't derail Bonn agenda as leaders keep the faith

    ANALYSIS | The US was a marginal presence at a COP23 summit that kept the wind in the sails of global climate action, writes Jeremy Leggett

    Transition  rechargenews.com 20 Nov 2017 Jeremy Leggett

    German coalition talks collapse dents Energiewende hopes

    The collapse of preliminary talks over a new conservative-liberal-green coalition led by Chancellor Angela Merkel diminishes the chances for a faster Energiewende – the transition from nuclear and fossil fuels to renewables in Germany. Negotiations broke down when the pro-business Free Democrats (FDP) walked out of the talks last night, claiming a lack of trust and of a common plan to modernise G

    Transition  rechargenews.com 20 Nov 2017 Bernd Radowitz in Berlin

    Legal & General flags offshore wind appetite after Walney foray

    UK insurance giant Legal & General said it has a “strong appetite” for future offshore wind investments after announcing its first foray into the sector. Legal & General provided almost £300m ($397m) of long-term acquisition debt to support the £2bn purchase of 50% of the Walney Extension wind farm by PKA and PFA, two Danish pension funds. Orsted divests half of the 659MW Walney Extension wind

    Wind  rechargenews.com 20 Nov 2017 Andrew Lee

    House passes tax bill that would crush the US wind market

    The US House of Representatives passed its gargantuan tax-cut bill on Thursday without changing any of the provisions that would undermine the wind production tax credit (PTC), leaving the Senate as the industry’s last chance of avoiding a dramatic near-term contraction. The American wind industry was stunned by the introduction two weeks ago of the House’s tax bill, which includes several major

    Wind  rechargenews.com 17 Nov 2017 Karl-Erik Stromsta in New York

    Renewables aim to be rock of stability amid LatAm turbulence

    IN DEPTH | Presidents across the region seem set to lose office in upcoming elections, but what will this mean for their nations’ energy policies? asks Alexandre Spatuzza

    Transition  rechargenews.com 17 Nov 2017 Alexandre Spatuzza in Sao Paulo

    Norway's central bank says ditch fossil stocks from $1tn 'oil fund'

    Norway’s central bank (Norges Bank) in a letter to the finance ministry has recommended the removal of oil and gas stocks from the benchmark index of the country’s $1 trillion Government Pension Fund Global (GPFG) – the world’s biggest sovereign wealth fund, also called the 'oil fund'. In the bank’s view, this will make the government’s wealth less vulnerable to a permanent drop in oil and gas pr

    Transition  rechargenews.com 17 Nov 2017 Bernd Radowitz in Berlin

    OO-Star WF floating wind concept advances with tank tests

    Offshore engineering outfit Dr Techn Olav Olsen's OO-Star WF floating wind concept has taken a leap toward commercialisation, with milestone tank trials now being completed at a research centre in Trondheim, Norway. The programme at Sintef Ocean, which included a battery of tests on a 1:36-scale model in a range of simulated environments from “benign” Mediterranean to "very harsh Atlantic Sea", i

    Wind  rechargenews.com 17 Nov 2017 Darius Snieckus in London

    Chinese giant CCCC hunts wind OEM to fuel offshore ambitions

    China’s largest infrastructure builder is actively seeking to buy or invest in a turbine OEM – either domestic or foreign – as part of a corporate strategy to strengthen its position in the offshore wind market, Recharge has learned. China Communications Construction Company (CCCC) “is determined to make further inroads in offshore”, said a source in a company with direct knowledge of the strateg

    Wind  rechargenews.com 17 Nov 2017 Yuki Yu in Beijing

    US blade maker TPI Composites to open technology centre in Denmark

    TPI Composites, the US-based maker of wind blades, will establish an advanced technology centre in Kolding, Denmark, putting it directly under the nose of rival LM Wind Power. LM Wind, which was recently acquired by General Electric, is headquartered in Kolding, a seaport in southern Denmark. TPI's new technology centre will put it in closer contact with many of the world’s most important wind m

    Wind  rechargenews.com 16 Nov 2017 Karl-Erik Stromsta in New York

    Orsted to join green bond era

    Offshore wind pacesetter Orsted is to issue its first green bonds. The Danish group said it plans to issue two “benchmark-sized” green bonds – one of them a hybrid capital security maturing in 3017. The company, until recently known as Dong Energy, said the impetus behind the issue is to extend the duration of its senior debt maturity profile and refinance an existing €500m ($589m) hybrid capita

    Transition  rechargenews.com 16 Nov 2017 Andrew Lee

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    UK and Canada lead coal phase-out alliance at COP23

    The UK and Canada hope to build momentum behind a global alliance to scrap coal power, after launching the initiative with 20 members at the COP23 climate talks in Bonn. Signatories to Powering Past Coal Alliance agree to set an agenda to end unabated coal generation through measures such as setting phase-out targets and ending capacity investments – including any made abroad. They argue that me

    Transition  rechargenews.com 16 Nov 2017 Andrew Lee in London

    Enel on pole as Mexican auction shows 39% price fall

    Mexico’s third clean-energy auction saw its average headline price fall 39% on last year's tender to $20.57/MWh after bidding dominated by large global players such as Enel, Engie and Canadian Solar, according to preliminary government results. Solar edged out wind as the dominant renewable generator in the auction, in which bidders competed for 15-year US dollar-denominated PPAs and 20-year trad

    Wind  rechargenews.com 16 Nov 2017 Andrew Lee

    Vestas signs 300MW conditional deal in North America

    Danish wind turbine manufacturer Vestas has signed a conditional agreement for the supply of wind turbines for a 300MW project in North America. The company didn’t provide further details, and said it will make an announcement once the project translates into a firm and unconditional order. US sees record 29.6GW of new wind project activity, AWEA reports The large, albeit conditional, order com

    Wind  rechargenews.com 16 Nov 2017 Bernd Radowitz in Berlin

    More than 200 US wind executives urge Congress to preserve PTC phase-down

    Executives from more than 200 companies across the US wind supply chain delivered a letter to political leaders this week, asking them to “keep their promise” by not changing the scheduled phase-down of the production tax credit (PTC) or its rules for qualification. The letter (PDF here) is signed by a who’s-who of the American wind sector, including leaders from project developers like Avangrid

    Wind  rechargenews.com 15 Nov 2017 Karl-Erik Stromsta in New York

    PTC likely to be left intact, predicts Algonquin Power CEO

    Algonquin Power & Utilities sees little threat from the current drama surrounding the US wind production tax credit (PTC) to its plan to build 800MW of wind in Missouri over the next few years, with chief executive Ian Robertson saying Congress will likely leave the PTC untouched. Canada’s Algonquin, a growing player in the international renewables sector, announced plans earlier this month to sh

    Wind  rechargenews.com 15 Nov 2017 Karl-Erik Stromsta in New York

    Storage not ready for major offshore wind role: industry execs

    Storage is likely to play a far lesser role in offshore wind than in other renewable energy sectors as technology struggles to deal with the huge levels of power generated by turbines at sea, according to senior executives at a major developer and OEM. E.ON Climate and Renewables chief operating officer Sven Utermohlen and Thomas Karst, chief sales officer at MHI Vestas, told an industry conferen

    Wind  rechargenews.com 15 Nov 2017 Andrew Lee

    BMW 2020 renewables drive as German giants back transition

    BMW Group at the COP23 UN climate conference in Bonn pledged to exclusively use renewable electricity from 2020 onwards, in order to move closer to a CO2-free production footprint. The carmaker’s pledge comes just days after the Foundation 2° group of 52 major German businesses – including Siemens, EnBW and E.ON – urged parties in talks for a new conservative-liberal-Green coalition government in

    Transition  rechargenews.com 15 Nov 2017 Bernd Radowitz in Berlin

    Food giant Kellogg's joins all-renewable pledge list

    Food giant Kellogg’s has pledged to reform its energy usage by sourcing 100% of its electricity needs from renewables by 2050. The company has joined forces with the global industry platform RE100 – a collective of businesses working to significantly increase the demand and delivery of renewable energy worldwide – as part of its commitment. Kellogg’s UK headquarters in Manchester was the first o

    Transition  rechargenews.com 15 Nov 2017 Christopher Hopson in London

    UK & Germany to hit 50% renewable power in mid-2020s: BNEF

    The UK and Germany will need more flexible backup capacity as more than half of their electricity generation will come from renewables in the 2020s, a study by Bloomberg New Energy Finance (BNEF) released during the COP 23 climate conference in Bonn states. The rapid growth in variable renewables will lead to much greater volatility in the power system, challenging inflexible ‘baseload’ generator

    Transition  rechargenews.com 15 Nov 2017 Bernd Radowitz in Berlin

    'Onshore turbines will hit their limits within ten years'

    OPINION | Attempts to take onshore machines beyond the 5MW mark are likely to face some insurmountable hurdles, writes Philip Totaro

    Wind  rechargenews.com 15 Nov 2017 Philip Totaro

    Goldwind enters 4MW battle with GW4S for global markets

    Chinese wind OEM Goldwind has unveiled a 4MW turbine as its continues its push into international markets. The manufacturer – China’s largest supplier to the domestic wind sector – said the 4MW and 4.2MW-rated GW4S machine builds on its existing 3S platform, and uses the company’s favoured permanent magnet direct-drive technology. The turbine is targeting wind class IIA conditions with rotor dia

    Wind  rechargenews.com 15 Nov 2017 Andrew Lee in London

    Brazil sets higher price caps for December tenders amid economic volatility

    Brazil’s power regulator, Aneel, approved the rules for the A-4 and A-6 tenders to be held on 18 and 20 December, and set price caps of R$276 per MWh ($84.29) for wind and R$329/MWh for solar. The price caps are the highest in Latin America in dollar terms in spite of Brazil’s nine-year track record in renewables tenders, in part reflecting the country’s current economic and political turmoil.

    Wind  rechargenews.com 14 Nov 2017 Alexandre Spatuzza in Sao Paulo

    Wind on track to be number-one European power source: IEA

    Wind energy is set to become the leading source of electricity generation in Europe soon after 2030, according to the International Energy Agency’s (IEA’s) World Energy Outlook 2017 (WEO2017). The Paris-based agency predicts continued strong growth in both onshore and offshore wind, and sees renewables as a whole accounting for 80% of new power generation capacity in Europe between now and 2040.

    Transition  rechargenews.com 14 Nov 2017 Christopher Hopson in London

    Orsted survey shows global support for 'black to green' switch

    A new global survey of over 26,400 people carried out for Denmark’s Orsted has found the overwhelming majority of those questioned support a switch away from fossil fuels to a future powered by renewable energy. The largest-ever survey conducted into people’s attitudes towards renewables, carried out by Edelman Intelligence, found that 82% of those interviewed across 13 countries favoured a world

    Transition  rechargenews.com 14 Nov 2017 Christopher Hopson in London

    Pattern Energy eyes first offshore wind investment in Japan

    Pattern Energy, the US-based renewables generator, has set itself up to make its first offshore wind investment, formally adding a 100MW nearshore development in Japan to the list of projects it is considering acquiring. In its recent quarterly earnings report, Pattern confirmed that it has added the Ishikari project to the “Right of First Offer” (ROFO) list of acquisition targets it maintains wi

    Wind  rechargenews.com 14 Nov 2017 Karl-Erik Stromsta in New York

    Kincardine floating flagship in water 'next summer' off Scotland

    The pioneering 50MW Kincardine floating wind project off Scotland is on track to have a maiden turbine in the water “next summer” – but not the envisaged 6.2MW Senvion machine – project developer Pilot Offshore Resources’ chief executive Allan MacAskill has revealed. The £300m ($394m) development cleared for construction off Aberdeen in 45-143 metres of water will be built around as many as sev

    Wind  rechargenews.com 14 Nov 2017 Darius Snieckus in Glasgow

    Iberdrola getting ready to commission 350MW Wikinger

    Spanish group Iberdrola has completed the construction of the 350MW Wikinger wind farm in the German Baltic Sea, and is now getting ready commission the project “in the next few months”. The last of the 70 5MW AD 5-135 turbines making up Iberdrola’s €1.4bn ($1.64bn) development went up in October. Iberdrola RE output down in first nine months on hydro fall Wikinger is now operating in “island m

    Wind  rechargenews.com 14 Nov 2017 Anamaria Deduleasa

    Enel Green Power advances 620MW of wind in US Great Plains

    Enel Green Power North America has acquired the 320MW Rattlesnake Creek wind project in Nebraska from long-time development partner Tradewind Energy, and completed its 300MW Rock Creek wind farm in Missouri, expanding its leadership in the US Great Plains region. Three weeks ago Tradewind Energy announced it had secured a 200MW power-purchase agreement for Rattlesnake with Facebook, reviving what

    Wind  rechargenews.com 14 Nov 2017 Karl-Erik Stromsta in New York

    Iberdrola to close last two Spanish coal-fired power plants

    Iberdrola has decided to complete the process of phasing out its thermal electricity generation worldwide by closing its final two coal power plants in Spain as part of its commitment towards tackling climate change. The Spanish renewables giant has submitted a permit application to the Ministry of Energy, Tourism and Digital Strategy to shut down the 358MW Lada (Asturias) and 516MW Velilla (Pale

    Wind  rechargenews.com 14 Nov 2017 Christopher Hopson in London

    Nordex lowers sales outlook as order intake plunges in 9M 2017

    Amid falling profits and a plunge in its order intake during the first nine months of 2017, the Nordex group has acknowledged it won’t meet its 2017 sales target and announced an increase in its planned cost reduction target. Sales at the German-Spanish OEM fell 0.9% to €2.32bn ($2.71bn) during the first nine months of 2017 when compared to the year-earlier period, as a rise in the service segmen

    Wind  rechargenews.com 14 Nov 2017 Bernd Radowitz in Berlin

    Jumping into frozen waters: offshore wind takes on the icy seas

    IN DEPTH | The world’s first offshore wind farm installed in near-Arctic conditions promises to open up a new passage for similar projects around the world, writes Bernd Radowitz in Pori

    Wind  rechargenews.com 13 Nov 2017 Bernd Radowitz

    GE: Utilities creating tomorrow’s digital energy future today

    In just seven years’ time, Apple and Amazon’s virtual assistants, Siri and Alexa, will be managing our energy using a "cryptowatt" currency generated by our rooftop solar panels, which can be used to charge our electric cars while thousands of miles from home. According to GE Power’s chief digital officer Ganesh Bell, this is not as far-fetched as it might sound. “[In] 2025, maybe Alexa and Siri

    Transition  rechargenews.com 13 Nov 2017 Leigh Collins in London

    Argentina eases local content path for last Round 1.5 PPAs

    Argentina’s energy ministry has set 21 November as the deadline for signing the remaining nine PPAs from last year’s Round 1.5 tender, and to adhere to a change in the calculation of local content. The last of the 59 projects contracted at the two tenders last year include seven solar projects and two wind projects, adding up to 313MW out of a total of 2.4GW contracted. All the others have signed

    Wind  rechargenews.com 13 Nov 2017 Andrew Lee

    GE stands behind renewables amid strategic overhaul

    General Electric announced plans to sell several of its core industrial units and slash its dividend, but says it will stand behind its Renewable Energy unit, despite the volatility and policy uncertainty that characterizes the global wind turbine market. Jérôme Pécresse will continue to lead Paris-based GE Renewable Energy, with the business to focus increasingly on the “marriage of renewables a

    Wind  rechargenews.com 13 Nov 2017 Karl-Erik Stromsta in New York

    Brookfield offers $430m for control of Brazil's Renova

    Canada’s Brookfield Asset Management has offered to pay R$1.4bn ($430m) for control of Brazilian renewable energy company Renova Energia, in the latest step in acquisition negotiations that have stretched over the past few months. Completion of the deal is dependent on meeting standard conditions, and on approval by Renova’s board and its existing controlling shareholders, local power companies C

    Transition  rechargenews.com 13 Nov 2017 Alexandre Spatuzza in Sao Paulo

    Gicon floating wind concept passes milestone tank tests

    Floating wind pioneer Gicon has seen a scale model of its innovative SOF tension leg platform (TLP) concept through tank tests in France that the German designer says clear the way for a 6MW-plus version to be developed. The trials, at the Ecole Central de Nantes (ECN), point to a third generation of the TLP concept – which suffered a setback last year when plans to install a 2.3MW model in the B

    Wind  rechargenews.com 13 Nov 2017 Darius Snieckus in London

    Senvion confirmed for Australia's 126MW Lincoln Gap stage 1

    Independent power producer Nexif Energy has reached financial close on the first stage of the 212MW Lincoln Gap wind farm, located near Port Augusta in South Australia. Germany-based OEM Senvion has been issued with a notice to install an initial 35 turbines for the 126MW first stage of Lincoln Gap. The wind farm will use Senvion’s 3.6M140 EBC turbine – the first machine from the company’s 3MW ra

    Wind  rechargenews.com 13 Nov 2017 Christopher Hopson in London

    Innogy’s nine-month renewables profits take hydro hit

    Earnings in the renewables division at German utility Innogy fell during the first nine months of 2017, amid lower water levels at hydroelectric power stations and the non-recurrence of one-off gains from the sale of small run-of-river power stations in Germany. The depreciation of the British pound versus the euro also had a negative impact. Adjusted earnings before interest and taxes (Ebit) fe

    Wind  rechargenews.com 13 Nov 2017 Bernd Radowitz in Berlin

    Senvion set for 1.6GW German offshore auction in 2018: CEO

    Wind turbine manufacturer Senvion is on track with its plan to develop a 10MW-plus offshore wind turbine and prepared for Germany’s 1.6GW auction for pre-developed offshore wind projects that will take place in early 2018, the OEM’s chief executive Jürgen Geissinger said. “We are on track with our programme. We are doing this new offshore turbine to stay in the offshore business,” Geissinger said

    Wind  rechargenews.com 13 Nov 2017 Bernd Radowitz in Berlin

    Scottish offshore contractor Burntisland faces 'critical position'

    Scotland’s Burntisland Fabrications (BiFab) – currently working on the jacket foundations for the Beatrice offshore wind farm – will hold urgent talks over its future after confirming it has filed a notice of intention to appoint administrators. In a statement the company said it is currently facing “a critical cash flow position as a result of a challenging situation regarding its ongoing contra

    Wind  rechargenews.com 13 Nov 2017 Christopher Hopson in London

    IEA: Wind and PV build-out too slow to replace ageing nuclear

    The rapid build-up of wind and solar power may be vital to combat climate change, but the rate of renewables deployment in Europe is not fast enough to even replace the nuclear power due to be decommissioned in the coming years, says International Energy Agency (IEA) chief economist Laszlo Varro. “I don’t see any credible prospect of Europe maintaining its existing level of nuclear production,” h

    Transition  rechargenews.com 13 Nov 2017 Leigh Collins in London

    Under the hammer: auctions turn up the pressure on wind

    IN DEPTH | Rock-bottom winning auction bids point to wind power’s increasing competitiveness, but will the cost to the industry prove too high a price to pay? asks Bernd Radowitz

    Wind  rechargenews.com 13 Nov 2017 Bernd Radowitz in Berlin

    Duke renewables chief 'hopeful' Congress will not alter PTC

    Duke Energy Renewables (DER) President Rob Caldwell is optimistic that Congress will allow the production tax credit (PTC) to expire under present terms, although he agrees the US wind industry is going through a “rough spot” as some Republican lawmakers push to scale back the subsidy. “I’m hopeful at the end of the day that the deal will be preserved,” he tells Recharge, referring to a 2015 bipa

    Wind  rechargenews.com 12 Nov 2017 Richard A. Kessler in New Mexico

    US Senate tax bill would preserve wind PTC phase-out terms

    The US Senate’s majority Republicans have issued their bill to overhaul the federal tax code that preserves terms agreed in 2015 for a five-year phase out this decade of the production tax credit, the wind industry’s main fiscal incentive. The 253-page Tax Cuts and Jobs Act does not mention the PTC, unlike tax reform legislation proposed by Republicans in the House of Representatives. The House

    Wind  rechargenews.com 10 Nov 2017 Richard A. Kessler in Fort Worth

    BNDES & IDB seal $900m renewables finance programme

    Brazil’s National Development Bank (BNDES) and the Inter-American Development Bank (IDB) formalised a $900m agreement over financing for renewable energy projects in the country as part of a new facility approved by both banks. The Programme for Financing for Sustainable Energy signed in São Paulo today will include $750m from the IDB and $150m from the BNDES. This is the finalisation of an MoU

    Transition  rechargenews.com 10 Nov 2017 Alexandre Spatuzza in Sao Paulo

    Suzlon insists tough times are prelude to '10GW Indian market'

    India’s Suzlon became the latest major supplier to the country’s wind sector to insist the current installations slump is a blip, claiming the industry will “soon migrate towards a 10GW market size”. Like other OEMs operating in India, Suzlon has suffered from the sharp slowdown caused by an abrupt transition from feed-in tariff (FIT)-driven procurement to a competitive system, which saw the form

    Wind  rechargenews.com 10 Nov 2017 Andrew Lee

    CPFL Renováveis slashes losses as wind revenue rolls in

    Brazilian renewable energy company CPFL Renováveis reduced its loss by 73% year-on-year to R$31.6m ($9.8m) in the first nine months of 2017, as wind projects that started commercial operations accrued new revenues for the company and good capacity factors boosted its turbines. In the third quarter the company posted net profits of R$98m, the largest for a three month period in its four-year histo

    Wind  rechargenews.com 10 Nov 2017 Andrew Lee

    Big wind equals big rewards for US pacesetter Xcel Energy

    IN DEPTH | Adding a potential 4.4GW of wind to Xcel Energy’s portfolio will save the US utility’s customers more than $8bn, CEO Ben Fowke tells Richard A Kessler

    Wind  rechargenews.com 10 Nov 2017 Richard A. Kessler in Fort Worth

    'This unseemly assault on wind and solar mustn't become law'

    OPINION | US House law changes place more than $50bn in wind energy investment at risk, writes Greg Wetstone

    Transition  rechargenews.com 10 Nov 2017 Greg Wetstone

    EnBW renewables get wind boost as utility turns to profit

    Wind power helped renewables earnings at EnBW to nudge upwards during the first nine months of 2017 as the German utility as a whole is turning to a profit while it re-builds itself into a company based on renewables and grids. Adjusted earnings before interest, taxes, depreciation and amortisation for the renewables segment rose by 1% to €223.2m ($260.1m) in the nine-months compared to the previ

    Wind  rechargenews.com 10 Nov 2017 Bernd Radowitz in Berlin

    Vestas lined up for 670MW Australian wind-solar hybrid

    Developer DP Energy has named Vestas as preferred supplier for the wind element of its Port Augusta Renewable Energy Park, which it says is destined to be Australia’s largest hybrid project at 670MW. The Danish wind group is in line to supply turbines to the 220MW of wind planned for the first stage of the project near the city of Port Augusta, north of Adelaide on Australia’s southern coast. Ve

    Transition  rechargenews.com 10 Nov 2017 Andrew Lee

    Senvion nine-month loss widens but new markets boost orders

    Revenue fell and net loss widened at Senvion during the first nine months of 2017, mainly due to a decline of onshore sales in Canada as well as in offshore revenue, but the Germany-based OEM has increased its order intake by breaking into new markets and continues to push down costs. Nine-month revenue fell to €1.3bn ($1.5bn) in 2017 when compared to the year-earlier period as the company wasn’t

    Wind  rechargenews.com 10 Nov 2017 Bernd Radowitz in Berlin

    EDF EN commissions first 350MW of wind and solar in Brazil

    France’s EDF EN started commercial operations of 350MW of wind and solar projects in Brazil, the first after a spree of mergers and acquisitions that resulted in a project pipeline of more than 1GW. The the first 66MW stage of the Ventos da Bahia wind complex were authorized by power regulator Aneel in September. The project was built with 22 of Nordex Acciona Windpower’s 3MW AW3000 machines. ED

    Wind  rechargenews.com 09 Nov 2017 Alexandre Spatuzza in Sao Paulo

    EU reaches deal on reform of emission trading system

    The European Parliament and Council have reached a provisional agreement to reform the EU’s emission trading system (ETS) for the post-2020 period, which they hope will help the economic block to meet its target to cut greenhouse gas emissions by at least 40% by 2030 as envisaged under the Paris climate agreement. Renewables groups, as well as Germany’s environment minister, welcomed the long-awa

    Wind  rechargenews.com 09 Nov 2017 Bernd Radowitz in Berlin

    Vestas CEO: US House PTC plans create uncertainty among customers

    Legislative changes proposed in the US House of Representatives to scale back the production tax credit (PTC) create uncertainty among customers, Anders Runevad, chief executive at Danish wind turbine maker Vestas told Recharge. “Our most likely scenario is that the PTC will stay in its current form,” Runevad said in an interview, pointing to the broad bi-partisan support the PTC enjoyed when it

    Wind  rechargenews.com 09 Nov 2017 Bernd Radowitz in Berlin

    Challenging conditions in Iberia weigh on Enel Q3 results

    Challenging conditions on the Iberian Peninsula that has been plagued by a drought this year have dragged down profit at Italian utility Enel in the third quarter of 2017. Revenues increased by 5.3% in the third quarter to €54.19bn ($62.85bn) from a year earlier thanks to greater revenues from the sale of electricity to end users and the transport of electricity, as well as from more electricity

    Wind  rechargenews.com 09 Nov 2017 Bernd Radowitz in Berlin

    Digitalisation market set to boom to $64bn with energy transition

    Digital technologies will underpin the transformation of the global energy system in the coming years by making it more integrated, reliable and sustainable, with expectations, according to a new Bloomberg New Energy Finance (BNEF) study, that the software-driven market will grow to $64bn by 2025. The BNEF report points to the shift from the fossil fuel industry’s current focus on digital service

    Transition  rechargenews.com 09 Nov 2017 Darius Snieckus in London

    Third quarter profit down, but orders strong at Vestas

    Revenue and earnings decreased at Danish wind turbine maker Vestas in the third quarter of 2017 despite a continued healthy order intake as competition is heating up and profitability decreases. Investors were disappointed by the earnings drop that was coupled with a lowering of the company's full-year Ebit-margin guidance, with Vestas shares plunging 19.41% to DKr425.10 ($66.42) in early afterno

    Wind  rechargenews.com 09 Nov 2017 Bernd Radowitz in Berlin

    Lincoln Clean Energy brings 250MW Willow Springs online

    Developer Lincoln Clean Energy’s 250MW Willow Springs project in north-central Texas has reached commercial operation, bringing total wind power capacity it has brought online this year to 503MW. Willow Springs, along with the earlier completed 253MW Amazon Wind Farm Texas, will generate electric power for an equivalent 180,000 homes each year. Both utilize GE turbines. Lincoln Clean Energy to p

    Wind  rechargenews.com 09 Nov 2017 By Richard A. Kessler in Albuquerque

    PTC unease endangers $6bn in new US wind project deals

    Developers and investors have frozen or dramatically slowed down $6bn in new US wind project deals in their pipelines in reaction to Republican efforts in the House of Representatives to scale back the production tax credit (PTC), according to the American Wind Energy Association (AWEA). The trade group did not name the projects or the developers and investors, but said the amount is in addition

    Wind  rechargenews.com 09 Nov 2017 By Richard A. Kessler in Albuquerque

    AWEA chief sees Senate rejecting wind tax credit cutback

    US Senate Republicans will reject an effort by their counterparts in the House of Representatives to cut back the production tax credit (PTC), the wind sector’s main fiscal incentive that underpins $50bn in planned investment through 2021, a top industry leader predicts. “We’re confident at the end of the day that they will win this debate,” Tom Kiernan, chief executive of the American Wind Energ

    Wind  rechargenews.com 09 Nov 2017 By Richard A. Kessler in Albuquerque

    US offshore has solid momentum, but still faces major challenges

    OPINION | The cost reductions seen in Europe will be harder to find in the US, as policy, financial support and the Jones Act are still formidable obstacles, writes Anthony Logan

    Wind  rechargenews.com 08 Nov 2017 Anthony Logan

    'We are happy incentives are over, we lived in a kind of zoo'

    FACE TO FACE | Enel Green Power chief executive Antonello Cammisecra tells Darius Snieckus how the trailblazing clean-power developer is embracing the energy transition

    Transition  rechargenews.com 08 Nov 2017 Darius Snieckus London

    EU Commission unveils watered-down clean mobility package

    The European Commission (EC) in its ‘clean mobility package’ has proposed new targets for EU-wide CO2 emissions of new cars and vans, to help meet the bloc's 2030 target under the Paris climate agreement of an at least 40% cut in CO2. Renewables groups have criticised the proposal as not ambitious enough to reach the Paris targets, while German media report the proposals were watered down after h

    Transition  rechargenews.com 08 Nov 2017 Bernd Radowitz in Berlin

    Chile developer wraps wind and PV for $25.28/MWh tender win

    Chilean renewables developer Verano Capital offered the lowest price of $25.28/MWh in Chile’s latest tender by combining power from wind and solar projects to provide 24/7 output. The bid involved selling power from the 47MW Punta del Viento Solar PV project, which was developed by Verano and later sold to Spain's FRV according to local Chilean press, and forging a partnership with an investment

    Transition  rechargenews.com 08 Nov 2017 Alexandre Spatuzza in Sao Paulo

    Hulot admits France can't meet 2025 nuclear reduction goal

    An admission by Nicolas Hulot, the French minister for ecological transition, that his country won’t be able to meet a commitment made by the previous government to reduce the share of nuclear power in the electricity mix to 50% by 2025 has led to fierce criticism by environmental and wind groups. The previous government under former President Francois Hollande in a 2015 energy transition law set

    Transition  rechargenews.com 08 Nov 2017 Bernd Radowitz in Berlin

    Luxembourg taps Estonia in new cross-EU renewable deal

    Estonia has signed a deal with Luxembourg to cede part of its excess renewable energy to Luxembourg between 2018 and 2020 under an EU cooperation agreement in a so-called statistical transfer in exchange for a payment of €10.5m ($12.2m). Luxembourg in October signed a similar deal with Lithuania in order to help the former meet its 2020 EU renewable energy target. While Luxembourg faces difficul

    Transition  rechargenews.com 08 Nov 2017 Bernd Radowitz in Berlin

    IEA launches Clean Energy Transitions Programme

    The International Energy Agency (IEA) has launched a Clean Energy Transitions Programme, a new multi-year, €30m ($34.8m) plan backed by 13 countries. The new programme will leverage the IEA’s energy expertise across all fuels and technologies to help accelerate global clean-energy transitions, particularly in major emerging economies. The announcement was made before the start of the IEA’s 2017

    Transition  rechargenews.com 08 Nov 2017 Christopher Hopson in London

    Sweden is perfect for offshore wind – now let's make it happen

    OPINION | Offshore wind is on the radar as a big part of the future Swedish energy mix, but some key measures are needed before it becomes reality, writes Mattias Wärn

    Wind  rechargenews.com 08 Nov 2017 Mattias Wärn

    Catapult to lead $4.6m next-generation blade project

    A €4m ($4.6m) industry research project looking at key blade-technology enhancements that would help cut the cost of wind energy by a further 4.7% has been launched by a group ten European partners led by the UK Offshore Renewable Energy (ORE) Catapult. The Offshore Demonstration Blade (ODB) project, which will focus on innovations including aerodynamic and structural enhancements, blade monitori

    Wind  rechargenews.com 08 Nov 2017 Darius Snieckus in London

    E.ON renewables profits dip on UK wind and prior-year effects

    Profits from the renewables business at German utility E.ON fell in the first nine months of 2017 as higher wind output in the US couldn’t compensate for the adverse effect of unfavourable wind conditions in the UK, and due to the absence of an offshore wind book-gain recorded in the prior-year period. Onshore wind and solar nine-month sales actually rose to €691m ($801m) from €567m in the year-e

    Transition  rechargenews.com 08 Nov 2017 Bernd Radowitz in Berlin

    UK retail hive-off to sharpen wind focus at SSE and Innogy

    A merger of the UK retail energy businesses of SSE and Innogy is set to create a major new British domestic utility – and leave its two former parent groups more closely focused on building low-carbon generation assets such as wind. The retail arm of UK-based SSE and the German energy group’s Npower domestic business will combine to form a new company that analysts said would be the country’s sec

    Transition  rechargenews.com 08 Nov 2017 Andrew Lee

    China claims wind curtailment progress after nine-month dip

    China is making some progress solving the curtailment problem plaguing its wind sector, according to latest power market analysis published by regulator the National Energy Administration (NEA) and industry association the China Electricity Council (CEC). In the first nine months of this year, wind turbines in China on average operated for 1,386 hours, up from 1,251 hours during the same period o

    Wind  rechargenews.com 08 Nov 2017 Yuki Yu in Beijing

    MHI Vestas expands UK manufacturing base

    Japanese-Danish offshore turbine maker MHI Vestas is to expand its UK manufacturing facilities with a new painting and logistics facility for its record-breaking 80-metre blades at Fawley on the south coast of England. The company says the new facility – to be located on a site where the Fawley oil-fired power plant once generated electricity – will complement MHI Vestas’ advanced manufacturing f

    Wind  rechargenews.com 08 Nov 2017 Christopher Hopson in London

    Poland could install up to 6.7GW offshore by 2035: BVGA

    Poland could install 3.6GW of offshore wind capacity by 2035 in a baseline scenario and 6.7GW in an upside situation, BVG Associates director Giles Hundleby said during a presentation at the offshore wind conference of the Polish Wind Energy Association (PWEA) in Warsaw. According to the baseline scenario (based on current policy frameworks and assumptions about future policy taking into account

    Wind  rechargenews.com 08 Nov 2017 Bernd Radowitz in Berlin

    UK Supreme Court rejects bird challenge to 2.3GW off Scotland

    Offshore wind developers welcomed a decision by the UK’s Supreme Court to reject a bird charity’s challenge to 2.3GW of projects off Scotland, paving the way for the 450MW Neart na Gaoithe (NnG) to begin construction next year. RSPB Scotland went to the UK’s highest court in London after exhausting all its legal options in Scotland in July, following a 30-month battle to halt the projects. The f

    Wind  rechargenews.com 07 Nov 2017 Christopher Hopson in London

    Norsk Hydro in 'largest wind PPA' with GE/GIG Swedish 650MW

    GE will equip and co-own a 650MW onshore wind farm that will sell its power to Norsk Hydro under what is claimed to be the world’s largest corporate power purchase agreement (PPA) in the wind sector to date. GE Energy Financial Services will be a 50/50 partner in the Markbygden ETT wind farm with Green Investment Group (GIG), the Macquarie low-carbon unit that started life as the UK government’s

    Wind  rechargenews.com 07 Nov 2017 Andrew Lee

    Galloper offshore wind project delivers first power to UK grid

    The Galloper wind project off Suffolk, eastern England generated power for the first time on 5 November, said German utility Innogy, which is leading the construction of the project. “Like this project, offshore wind turbine technology is moving at breath taking speed, and as a result we are also able to announce that working with Siemens Gamesa we’ve been able to improve the turbines and incre

    Wind  rechargenews.com 07 Nov 2017 Bernd Radowitz in Berlin

    Crown Estate to open talks over new UK offshore wind leasing

    The UK’s seabed landlord The Crown Estate is to open discussions with the offshore wind sector and other stakeholders as it considers making new rights available to wind developers off Britain's coast. The Crown Estate says the announcement follows the UK government’s backing for offshore wind in its Clean Growth Strategy, and follows last months contracts-for difference auction which resulted in

    Wind  rechargenews.com 07 Nov 2017 Christopher Hopson in London

    Iberdrola profits up as global growth outweighs Spanish dip

    Profit at renewables giant Iberdrola rose in the first nine months of 2017, as strong business at US and Brazilian subsidiaries compensated for drought-related poor hydropower and wind results in its Spanish home market. Revenues rose 3.5% to €22.28bn ($25.8bn) during the first nine months from a year earlier. But earnings before interest, taxes, depreciation and amortisation (Ebitda) fell by 5.

    Transition  rechargenews.com 07 Nov 2017 Bernd Radowitz in Berlin

    Doosan ramps back up in offshore wind with 5.5MW AMSC deal

    South Korean giant Doosan Heavy Industries continued to ramp back up its offshore wind ambitions by signing a deal with US technology group AMSC over a 5.5MW turbine design. The 5.5MW turbine expands Doosan’s offshore offering from its current 3MW machine, ahead of an expected rapid growth of offshore wind development off Korea and other Asian nations. The Korean industrial group acquired the ri

    Wind  rechargenews.com 07 Nov 2017 Andrew Lee

    Ontario Teachers' considers push into Asian renewables

    Ontario Teachers’ Pension Plan is contemplating a strategy-broadening push into the Chinese and Indian renewables markets, as it struggles to find enough big investment opportunities closer to home, a senior executive says. Teachers’, among Canada's largest institutional investors, wants to expand renewables within its C$180bn ($141bn) investment portfolio, but suffers from a “lack of investable

    Transition  rechargenews.com 06 Nov 2017 Karl-Erik Stromsta in New York

    Siemens Gamesa says 6,000 jobs to go in global shake-up

    Newly-formed wind power giant Siemens Gamesa announced a restructuring that will affect up to 6,000 staff and a major onshore product portfolio slim-down, as it unveiled another tough set of financial results overshadowed by the slowdown in the Indian market. Siemens Gamesa – formed earlier this year by the merger of the former Siemens Wind and Gamesa groups – told investors the employees affecte

    Wind  rechargenews.com 06 Nov 2017 Andrew Lee

    Siemens gets preferred supplier status for 950MW Moray East

    The 950MW Moray East project off Scotland has named Siemens as the preferred supplier for the onshore works and offshore substation topsides for the wind farm. The scope of the work includes the design, supply, construction and installation of the onshore substation, 30km of onshore underground export cable, and three offshore substations including topside structures. Moray East, officially name

    Wind  rechargenews.com 06 Nov 2017 Christopher Hopson in London

    Despite US tax battle, AEP's 2GW Wind Catcher 'moving forward'

    American Electric Power (AEP), one of the largest owners of regulated US utilities, plans to invest $1.8bn in renewables by 2020 and billions more on transmission lines – on top of its advancing 2GW Wind Catcher proposal in Oklahoma. AEP told investors on Friday that it intends to spend $18.2bn on capital investments over the next three years. Roughly three-quarters of that will go towards power

    Wind  rechargenews.com 06 Nov 2017 Karl-Erik Stromsta in New York

    UK suppliers meet almost 50% of offshore wind content: study

    UK-based companies are providing almost 50% of the total content of the country’s offshore wind farms, according to a new study from industry body RenewableUK. The report, entitled Offshore Wind: Regenerating Regions – Investment and Innovation in the UK, focuses on key regions in England, Scotland, Wales and Northern Ireland, showing where projects are operating or being planned or built. It al

    Wind  rechargenews.com 06 Nov 2017 Christopher Hopson in London

    Germany to help developing nations adapt to climate change with €100m

    At the start of the COP 23 UN Climate Change Conference in Bonn, Germany’s government has pledged to support developing countries with an additional €100m ($115.9m) to adapt to climate change. The federal environment ministry has pledged €50m to the Adaptation Fund and the federal ministry for economic cooperation and development is contributing another €50m to the Least Developed Countries Fund

    Wind  rechargenews.com 06 Nov 2017 Bernd Radowitz in Berlin

    Six EU energy giants call for 35% 2030 renewables target

    Six of Europe’s largest energy groups have warned that the European Union’s current renewables target “lacks ambition” and called on policy makers to adopt a more ambitious 35% target to be achieved by 2030. A declaration calls on the EU to “seize the moment” and embrace a higher and more ambitious binding renewables target, unlocking the potential of electrification of the transport and heating

    Transition  rechargenews.com 06 Nov 2017 Christopher Hopson in London

    Spain’s Acciona Energía says it will top 2GW RE in Latam by 2020

    Spanish renewable energy developer Acciona Energía, says it will double its capacity in operation in Latin America to more than 2GW by 2020. The announcement was made at the opening ceremony of 246MWp El Romero Solar PV plant in Chile’s Atacama desert region. El Romero will sell power to Chile power distributors – with 15-year PPAs signed at the 2013 tender – and will also supply power to Google

    Wind  rechargenews.com 06 Nov 2017 Alexandre Spatuzza in Sao Paulo

    Chile contracts 600MW of renewable projects at $32.5/MWh

    Chile contracted 2.2TWh of renewable power annually for delivery from 2024 at an average price of $32.5 per MWh after a competitive tender – a price 32% below the $47.6/MWh seen in last year’s auction. “The target set by President [Michelle] Bachelet was to reduce power prices by 25%. Today we can announce with much…joy that we managed to reduce the price of power by 75% in the past three years,”

    Transition  rechargenews.com 06 Nov 2017 Alexandre Spatuzza in Sao Paulo

    Inox Wind holds out for 6GW Indian market amid H1 losses

    India is poised to become a 6GW-plus annual wind market after ‘normalisation’ following a painful transition to competitive procurement, according to local group Inox Wind as it plunged deep into the red for its financial first half. Inox Wind – an OEM that also competes for projects in national and state auctions – claimed the Indian sector is “ entering the final phase of its journey to a compl

    Wind  rechargenews.com 06 Nov 2017 Andrew Lee

    HSBC pledges $100bn for sustainable financing

    HSBC has pledged to provide $100bn in sustainable financing and investment by 2025, aiming to support the transition to a low-carbon economy. The bank’s goal is to tackle climate change and support sustainable growth in the communities it serves, it said. Under its promise, HSBC will source 100% of its electricity from renewable sources by 2030, with an interim target of 90% by 2025. “By signin

    Transition  rechargenews.com 06 Nov 2017 Anamaria Deduleasa

    ‘Solar to create almost 100,000 jobs in Europe by 2021’: EY

    The solar industry is expected to create thousands of additional full time jobs in Europe by 2021 and generate billions of euros in the process, according to a report from consultancy EY. Research suggests that solar jobs and wealth creation in Europe are set to increase by 94,000 jobs to nearly 175,000 full time jobs and €9.5bn ($11bn) value added in the next five years. This compares to 81,000

    Transition  rechargenews.com 06 Nov 2017 Anamaria Deduleasa

    Hywind Scotland: floating blueprint for a new offshore era

    IN DEPTH | Switch-on of the world’s first floating wind farm, the 30MW Hywind Scotland, puts the swiftly emerging sector on course for utility-scale industrialisation within five years, writes Darius Snieckus in Aberdeen

    Wind  rechargenews.com 06 Nov 2017 Darius Snieckus in Aberdeen

    The great voyage of floating wind begins

    OPINION | Floating wind power resonates with humanity's ancient urge to conquer the oceans and its future potential is nothing short of epic, writes Darius Snieckus

    Wind  rechargenews.com 06 Nov 2017 Darius Snieckus in London

    Emerging nations lag in clean-energy climate action: BNEF

    Efforts to address climate change through clean energy lag in emerging markets as wealthier countries have been slow in meeting their aid commitments and many poorer nations have failed to provide the policy frameworks necessary to attract clean energy investment, Bloomberg New Energy Finance says in a report. Investment in non-OECD countries into new clean energy actually fell by $40.2bn last ye

    Transition  rechargenews.com 06 Nov 2017 Bernd Radowitz in Berlin

    Germany's two-faced climate policy in Bonn and Berlin

    ANALYSIS | With COP23 on its home turf, Germany is keen to show climate leadership – but its domestic political haggling tells a very different story, writes Bernd Radowitz

    Transition  rechargenews.com 06 Nov 2017 Bernd Radowitz in Berlin

    ORE Catapult high voltage lab gets cash boost

    UK government-industry technology development body the Offshore Renewable Energy (ORE) Catapult has secured a £280,000 investment to upgrade the lightning impulse test capabilities in its high voltage (HV) laboratory. The funding, from InnovateUK, will underwrite future development of HV cable systems and componentry, with a view to developing technology design to minimise export cable failure ra

    Wind  rechargenews.com 06 Nov 2017 Darius Snieckus in London

    ‘Damaged’ part was root cause of Østerild V164 turbine fire

    An independent investigation into a fire that broke out during trials of MHI Vestas’ 9.5MW V164 prototype at the Danish National Test Centre for Large Wind Turbines in Østerild has traced the failure to a component damaged during installation. The damage to the faulty part, within the turbine’s converter module, took place during a “procedure [that] was unique to a prototype environment”, said th

    Wind  rechargenews.com 06 Nov 2017 Darius Snieckus in London