Kansai electric, a Japanese company, has invested in Iberdrola’s offshore wind project worth 1.3 billion euros.
The company announced on Friday that Japan's Kansai electric power Co had agreed to purchase a 49 percent stake in Iberdrola’s Windanker offshore project in Germany. This agreement expands a partnership between the Spanish renewable energy giant and the Japanese firm. The wind farm, located in the German portion of the Baltic Sea will have a capacity installed of 315 Megawatts. It is expected to begin operating at the end of 2026. Kansai has not disclosed the amount it paid for its share. Iberdrola will retain 51% of the project and values it at 1.3 billion euro.
Macquarie will take a minority stake in D.E. Shaw's green power arm could be worth up to $1.73 billion
Macquarie Group’s asset management division has acquired a minority stake of the green energy arm of U.S.-based investor D.E. The Australian company announced on Tuesday that it would invest up to $1.73 billion in equity into D.E. Macquarie Asset Management, a fund managed by Macquarie Asset Management, and D.E. Shaw Renewable Investments, or DESRI (Development Energy Services and Renewable Investments), has a pipeline of more than 25 gigawatts according to Macquarie. Macquarie’s investment comes as global firms face the brunt geopolitical turmoil, high borrowing rates and sticky inflation.
Europe Invests in African Renewable Energy
The provider of testing and advisory services to the energy value chain including renewables and energy management, DNV GL has joined European signatories including ABB, EDP Renewables, Enel Green Power, Ge Renewable Energy, Pöyry, Prysmian, PwC, Siemens Gamesa and Vestas."DNV GL has signed a ‘declaration of intent’ to commit its interest and participation to the initiative renewAfrica, aimed at boosting renewable energy investments in Africa, alongside leading players in the African and European renewable energy market," said…
Sembcorp Marine Bags Offshore Wind and Ferry Projects
Sembcorp Marine is breaking new ground in renewable energy engineering solutions with two separate projects worth over S$200 million (USD 145 mln).The Group has inked an agreement with Ørsted Wind Power subsidiary Optimus Wind Limited for engineering, procurement, construction, hook-up and commissioning works on two topsides, to be deployed at the Hornsea 2 Offshore Wind Farm in the UK North Sea.With a combined weight of approximately 8,700 tonnes, the two topsides will be fabricated at Sembcorp Marine’s integrated yard facilities…
DNV GL Pact with WeatherTech on Wind Turbines
DNV GL, the world’s largest resource of independent energy experts and certification body, today announced that it has joined forces with Swedish atmospheric science experts, WeatherTech.The combined expertise of both companies will enable the development of the most advanced icing model for wind turbines available on the market, allowing customers to better predict the performance of turbines in cold climates.In cold climates, the performance of wind turbines is significantly reduced by ice accretion, the gradual build-up of ice on the turbine blades.
Cryptocurrency May Light Up Renewable Energy in Moldova
Moldova, a small, landlocked country in eastern Europe, imports three-quarters of its energy and has seen its energy prices rise by more than half in the past five years.But that could soon change, according to the United Nations Development Programme (UNDP), which this year will launch an innovative effort to power a Moldovan university with cryptocurrency-funded solar energy.The initiative with Sun Exchange, a South African solar power marketplace, will allow people to buy solar cells using SolarCoin, a cryptocurrency launched by blockchain start-up ElectriCChain…
Wavepiston Puts Renolit Films to the Test
With its “Film Instead of Paint” concept RENOLIT is exploring new horizons in the maritime sector, as the company now plans to enter the renewable energy market with its films. The first step has been made with the use of the flock-film RENOLIT SEAL for an innovative enterprise in Denmark, where the company Wavepiston has developed at similarly-named wave-powered energy generation project. A steel cable is stretched between two anchored buoys. Energy collectors developed by Wavepiston are attached to this cable at intervals of five to six meters. These collectors consist of a plate and a lateral hydraulic pump.
J.v.G. Thoma Introduces the Automatic Robot-LayUp 2020
Solar power specialists J.v.G. Thoma GmbH have completed a further automatic robot lay-up, the result of years of research and development by J.v.G. Thoma into the most efficient ways of harnessing renewable energy from the sun. The company is renowned in the field of photovoltaic energy production for their innovative DESERT+ technology solutions, with solar panels designed for use in extreme climatic conditions. Now, with the introduction of the 120 MW, double string removal automatic robot lay-up designed to maximise efficiency in the manufacture of photovoltaic panels…
ESCO Acquires Renewable NRG Systems
ESCO Technologies Inc. announced it has acquired NRG Systems, Inc., doing business as Renewable NRG Systems, located in Hinesburg, Vermont. NRG, founded in 1982, is a designer and manufacturer of decision support tools for the renewable energy industry, primarily wind. NRG serves electric utilities, wind turbine manufacturers, renewable energy developers, research institutes, and government agencies in more than 150 countries. The business, which will join Doble Engineering as part of ESCO’s Utilities Solutions Group (USG) operating segment…
IEA's Medium-Term Renewable Energy Report
In its Medium-Term Renewable Energy Report IEA pointed out that the rapid spread of renewable energy is a bright spot in the global energy transition toward a low carbon economy. Despite lower fossil fuel prices, renewable power expanded at its fastest-ever rate in 2015 thanks to supportive government policies and sharp cost reductions. Renewables accounted for more than half of the world's additional electricity capacity last year. But even with this remarkable progress, there are questions about whether renewables are on track to reach targets set by the Paris Agreement.
Sheltered from Biggest Risks, Green Fuel to Ride Out Oil Crash
Green power is cheap enough to compete with fossil fuels and will buck the trend of falling investment in oil and gas as it can offer long-term returns sheltered from political risk, investors and industry analysts say. Oil prices have dropped by around 75 percent since mid-2014, leading the International Energy Agency (IEA) to predict a second successive year of falling hydrocarbon investment, marking the most sustained decline since the 1980s. In the last boom-bust cycle of 2008-2009, a crash squeezed all energy capital expenditure as power generators turned to cheap fossil fuel, which rebounded swiftly.
ESL Shipping to Enter the Renewable Energy Market
ESL Shipping and AB Fortum Värme have signed an agreement for biofuel transport. The agreement provides ESL Shipping with access to the renewable fuels transport market. The company's transport operations to the new Värtan Energy Port in Stockholm will commence at the end of this year. "Fortum will take an important step when its Stockholm power plant switches to more sustainable energy generation and the biofuel-fired CHP plant is completed. Biofuel is undeniably a good thing for sustainable development. The transport agreement with ESL Shipping ensures ship transport around the year in the ever-changing conditions of the Baltic Sea…
Infigen Energy Mulls Shedding U.S. Wind Farms
Australia under pressure to fix renewable energy target deadlock; 45 wind farm projects stalled. Australian wind farm operator Infigen Energy Ltd is exploring the sale of 18 U.S. wind farms, worth about A$500 million ($409 million), so they escape impact from the uncertain future of Australian state rebates for renewable energy firms. Infigen has hired advisers to consider ways of splitting U.S. assets from its six Australian wind farms, so consequences suffered by Infigen from a political deadlock over the rebates would not filter down to assets on the other side of the world, Managing Director Miles George told Reuters on Wednesday.
Policy Uncertainty Threatens to Slow Renewable Energy Momentum
IEA forecast sees renewable power as a cost-competitive option in an increasing number of cases, but facing growing risks to deployment over the medium term. The expansion of renewable energy will slow over the next five years unless policy uncertainty is diminished, the International Energy Agency (IEA) said today in its third annual Medium-Term Renewable Energy Market Report. According to the report, power generation from renewable sources such as wind, solar and hydro grew strongly in 2013, reaching almost 22% of global generation, and was on par with electricity from gas, whose generation remained relatively stable.
Renewables to Surpass Gas by 2016 in Global Power Mix
Power generation from hydro, wind, solar and other renewable sources worldwide will exceed that from gas and be twice that from nuclear by 2016, the International Energy Agency (IEA) said today in its second annual Medium-Term Renewable Energy Market Report (MTRMR). According to the MTRMR, despite a difficult economic context, renewable power is expected to increase by 40% in the next five years. Renewables are now the fastest-growing power generation sector and will make up almost a quarter of the global power mix by 2018, up from an estimated 20% in 2011.
