Wind Power

Wind power firms call for nations to maintain green momentum amid pandemic

Wind power companies have called on governments to ensure efforts to encourage low-carbon energy are maintained amid the economic fallout from the coronavirus pandemic, according to a statement seen by Reuters. Some governments have set themselves goals of reaching net zero emissions by 2050 or sooner, as pressure to act against climate change grows. Read More…

Shared by: Manan; Dated-05/06/2020

Kerala Commission Directs INOX to Enter Tripartite PPA for a 16 MW Wind Project

The Kerala State Electricity Regulatory Commission (KSERC) has directed INOX Renewables Limited, the Kerala State Electricity Board Limited (KSEB), and Damodar Jagannath Malpani to enter into a tripartite power purchase agreement (PPA) for a 16 MW wind energy project. The PPA is for the sale of electricity from the 16 MW wind energy project commissioned at the Kinfra Textile Park at Palakkad. The Commission has asked the tripartite PPA to be submitted before the Commission for approval. Read More…

Shared by: Manan; Dated-05/01/2020

Chhattisgarh Approves Power Sale Agreement for 400 MW Solar-Wind Hybrid Power

The Chhattisgarh State Electricity Regulatory Commission (CSERC) has approved the power sale agreement (PSA) signed between the Chhattisgarh State Power Distribution Co.Ltd (CSPDCL) and Solar Energy Corporation of India Ltd (SECI) for 400 MW of solar-wind hybrid power. To comply with its renewable purchase obligation (RPO) requirement, both solar and non-solar, the CSPDCL requires an additional 620 MW and 344 MW of solar and non-solar power, respectively, over the existing 517 MW of solar and 495 MW of non-solar power purchase agreements (PPAs). Read More…

Shared by: Manan; Dated-05/01/2020

2.07 GW of Wind Power Capacity Installed in India During FY 2019-20

Wind power installations in India rose to 2.07 GW in the financial year (FY) 2019-20, a 31% increase as compared to 1.58 GW in the FY 2018-19. The cumulative installations stood at 37.69 GW as compared to 35.63 GW for the FY 2018-19. Wind power represents 10.1% of the total installed power capacity in India as of Q1 2020. Read More…

Shared by: Manan; Dated-04/27/2020

Inox Wind resumes production at all three manufacturing plants

Wind turbine maker InoxWind Ltd on Monday said it has resumed operations at all three manufacturing plants. These plants are located at Barwani (Madhya Pradesh), Ahmedabad (Gujarat) and Una (Himachal Pradesh). In a regulatory filing Inox Wind said it has resumed operations at its three plants. After obtaining requisite permission from concerned district administration, the company has now resumed operations at all its three manufacturing plants in compliance with all the safety guidelines/ directives issued by the central/state governments and local administration to safeguard the employees, labourers and all other stakeholders to prevent the spread of COVID-19,” the filing said. Read More…

Shared by: Manan; Dated-04/27/2020

Indian government supports wind energy supply chain as lockdown continues

After extending the lockdown until the 3 May, the Ministry of Home Affairs (MHA) issued an order on 14 April, stipulating revised lockdown measures. In this order it was announced that selected additional activities will be allowed from 20 April, but manufacturing facilities are unlikely to resume activities until 3 May due to the extended lockdown period and varied implemented restrictions by State government and local Authorities. Read More…

Shared by: Manan; Dated-04/24/2020

Time is Now for RBI to Categorize Renewables as a Separate Sector, Remove Lending Limits

The rapidly expanding renewable energy in India accounted for almost 36% of India’s total power capacity mix at the end of the calendar year (CY) 2019. The country’s total installed power capacity stood at about 371 GW as of December 31, 2019. Of this, renewables (including large hydro) accounted for about 133.2 GW. This growth signals that the sector needs to be given a distinct status decoupling it from the conventional power sector. Read More…

Shared by: Manan; Dated-04/23/2020

Andhra Pradesh plans new export policy for renewable energy projects

The state government is planning to launch an export policy aimed at large-scale promotion of renewable energy projects. The policy will enable the state to export power without obligation to discoms, stated a statement by the energy department on Sunday. The projects will be designed for a combination of pumped hydro storage, solar and wind energy. The government has proposed to construct 29 pumped hydro storage projects (PSP) with a capacity of 33,240 MW both on-river and off-river sites to convert renewable energy sources into round-the-clock power and attract investments. Read More…

Shared by: Manan; Dated-04/21/2020

Tata Power Sells Entire Stake in Wind Power JV for $84 Million Tata Power Sells Entire Stake in Wind Power JV for $84 Million

Tata Power has announced that its wholly-owned subsidiary Khopoli has completed the sale of the company’s entire stake in Cennergi Private Limited to Exxaro Resources Limited for ZAR 1,550 million (~$84.25 million) and normal working capital and other adjustments. Cennergi Private Limited was a 50:50 joint venture between Exxaro, a coal producer in South Africa, and Khopoli, a 100% subsidiary of Tata Power. As per the deal, Exxaro has acquired the 50% shareholding of Khopoli and will now have full ownership of Cennergi. Read More…

Shared by: Manan; Dated-04/15/2020

Suzlon Energy cancels shareholders’ meet amid extension of lockdown

Suzlon Energy on Wednesday said it has cancelled the extra ordinary general meeting of its shareholders scheduled to be held during the day in view of the extension of nationwide lockdown till May 3, to contain the spread of coronavirus pandemic. The extra ordinary general meeting (EGM) was originally scheduled to be held on March 24, 2020 and was subsequently postponed to April 7, 2020 and was further postponed and rescheduled to April 15.

Shared by: Manan; Dated-04/15/2020

Renewables account for three quarters of new capacity in 2019: IRENA

The renewableenergy sector added 176 gigawatts (GW) of generating capacity globally in 2019, marginally lower than the 179 GW added in 2018. However, new renewable power accounted for 72 per cent of all power expansion last year, said International Renewable Energy Agency‘s (IRENA) new data on Monday. IRENA’s annual Renewable Capacity Statistics 2020 shows that renewables expanded by 7.6 per cent last year with Asia dominating growth and accounting for 54 per cent of total additions. Read More…

Shared by: Manan; Dated-04/06/2020

Coronavirus: Global wind energy capacity addition to decline by 4.9 GW

The coronavirus crisis will cause global wind energy additions in 2020 to decline by 4.9 Gigawatt (GW) compared to previous projections, research and consultancy firm Wood Mackenzie said, adding due to the pandemic and other market changes total forecast wind additions for 2020 is now expected to be 73 GW.”The impact of the coronavirus is top of mind for the global wind industry and embodies a crisis unlike anything the market has even seen. Read More…

Shared by: Manan; Dated-03/25/2020

Coronavirus: Govt allows renewable energy supply chain disruption to be treated as Force Majeure

The government on Friday directed all the renewable energy implementing agencies under the Ministry of New & Renewable Energy (MNRE) to treat delay on account of disruption of the supply chains due to spread of coronavirus in China or any other country, as Force Majeure. “The Renewable Energy implementing agencies may grant suitable extension of time for projects, on account of coronavirus, based on evidences or documents produced by developers in support of their respective claims of such disruption of the supply chains due to spread of coronavirus in China or any other country,” MNRE said in a memorandum. Read More…

Shared by: Manan; Dated-03/21/2020

French energy group Total buys Global Power Wind France

French energy group Total has agreed to buy Global WindPower France for an undisclosed sum, it said on Friday, as it steps up investment in the renewable energy sector. Total said that Global Wind Power France had a 1,000 megawatt (MW) portfolio of onshore wind projects, including 250 MW scheduled to come on stream by 2025. The deal “confirms Total’s ambition to be one of the main players on France’s renewables market”, Philippe Sauquet, Total’s president for gas, renewables and power, said in a statement. Read More…

Shared by: Paul; Dated-03/20/2020

Coronavirus: Renewable energy industry confused due to lack of advisory, says FICCI

A lack of communication from the Ministry of New and Renewable Energy (MNRE), Solar Energy Corporation (SECI) and states related to applicability of Force Majeure on business disruption caused by the spread of Coronavirus is creating confusion among the renewable energy companies, according to Federation of Indian Chambers of Commerce and Industry (FICCI). “The Finance Ministry has issued a circular stating the current situation of COVID-19 should be treated as Force Majeure for solar projects. Read More…

Shared by: Adam; Dated-03/20/2020

Andhra discoms clear dues to renewable energy developers

Power distribution companies in Andhra Pradesh have cleared all dues of renewable energy developers in accordance with a court directive, and scaled down the practice of reducing purchase of green power, bringing relief to the sector that has been under immense pressure in the state. Sources close to the development said about Rs 600 crore has been paid to wind and solar developers. A hearing on the matter of pending payment was to be held Thursday. Read More…

Shared by: Paul; Dated-03/16/2020

Tata Power to Buy 50 MW of Wind Power from SECI at ₹2.52/kWh

The Central Electricity Regulatory Commission (CERC) has approved a tariff of ₹2.52 (~$0.034)/kWh as requested by the Tata Power Delhi Distribution (TPDDL) for 50 MW of wind power from the Solar Energy Corporation of India (SECI). The Commission noted that the contracting parties need to decide the trading margin of ₹0.07 (~$0.0009)/kWh mutually. Earlier, TPDDL had filed a petition seeking the adoption of ₹2.52 (~$0.034)/kWh (excluding the trading margin of ₹0.07/kWh) for the purchase of 50 MW of wind power from SECI, based on the competitive bidding process laid down by the Ministry of Power. Read More…

Shared by: Paul; Dated-03/12/2020

Oil crash makes Danish wind power firm the Nordics’ biggest energy company

The oil price crash has led to Danish offshore wind developer Orsted overtaking Norwegian oil major Equinor as the most valuable energy company in the Nordics, highlighting the appeal to investors of renewables over fossil fuels. Shares in Equinor slid nearly 18% on Monday as crude prices plunged 25% after top producers Saudi Arabia and Russia began a price war that threatens to swamp global oil markets with supply. Read More…

Shared by: Adam; Dated-03/11/2020

Siemens aims for 30 per cent stake in Siemens Energy after spin-off -sources

Siemens aims to keep a minority position in turbines maker Siemens Energy, which the German industrial conglomerate is spinning off later this year as it continues with a corporate restructuring, people close to the matter said. Siemens has been divesting its businesses one by one, avoiding the attention of activist investors who have sought the break up of other industrial giants such as Switzerland‘s ABB and Germany’s ThyssenKrupp. Shares of such companies which operate across several different sectors often trade at a discount because they are more complex to run than those that focus on a single industry. Read More…

Shared by: Manan; Dated-03/10/2020

Norway fund eyes close to $11 billion in wind parks and other unlisted renewables

Norway’s $1.1 trillion sovereign wealth fund aims to invest around some 100 billion crowns ($10.77 billion) between now and 2022 in unlisted renewable projects such as wind parks and solar farms, its CEO said on Tuesday. Until recently the fund could only invest in equities, bonds and unlisted real estate but is now allowed to invest in a new asset class, unlisted infrastructure projects, after extensive debates among Norwegian politicians. Read More…

Shared by: Damusandy; Dated-03/04/2020

Fossil fuels for power at turning point as renewables surged in 2019 – data

The use of fossil fuels such as coal and oil for generating electricity fell in 2019 in the United States, the European Union and India, at the same time overall power output rose, a turning point for the global energy mix. Those countries and regions are three of the top four largest producers of power from fossil fuels. The declines suggest the end of the fossil fuel era could be on the horizon, said Tomas Kaberger, an energy professor at Chalmers University of Technology in Sweden, who provided the power generation data to Reuters. Read More…

Shared by: Chandan; Dated-03/04/2020

UK government to renew support for onshore wind farms

The Britishgovernment will lift its block on subsidising new onshore wind farms, four years after support was scrapped, according to a report in the Guardian newspaper on Monday. The newspaper said plans to renew support for onshore wind will be announced officially by the government later today. Read More…

Shared by: Manan; Dated-03/03/2020

Suzlon board okays debt rejig plan to convert loans to equity

Beleaguered-Suzlon Energy’s board has approved a debt restructuring plan that will entail issues of shares, other instruments and divestment of assets, the company informed the bourses late Thursday. The wind turbine maker also passed an enabling resolution for conversion of loan and debentures into equity. It did not disclose the quantum of the debt that would be converted. “The board has approved the company’s proposal for restructuring of debt of the company and its certain identified subsidiaries formulated under the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019 issued by Reserve Bank of India vide its circular dated 7th June 2019,” the company said in the statement. Read More…

Shared by: Damusandy; Dated-02/28/2020

GE Renewable Energy bags 300 MW turbine orders for Gujarat wind farm

GE Renewable Energy, a division of General Electric, on Wednesday said it has received an order from the EDF-SITAC joint venture to supply and install 112 of its 2.7 megawatt (MW) wind turbines at Gujarat’s Sitac Kabini wind.“The 112 units will be installed and commissioned over the next year and will produce enough green energy to meet the annual electricity requirements of more than 1.3 million people in the country,” GE Renewable Energy said in a press release. EDF Renewables and the Sitac Group had secured a 25-year power purchase agreement for the wind farm through a competitive bidding process with the Solar Energy Corporation of India. Read More…

Shared by: Manan; Dated-02/26/2020

Senegal opens West Africa’s first big wind farm in push for renewables

Senegal inaugurated the first large-scale wind farm in West Africa on Monday, a facility that will supply nearly a sixth of the country’s power when it reaches full capacity later this year. With the wind farm, Senegal will get 30 per cent of its energy from renewable sources, which has been a goal of President Macky Sall. “The energy mix we have today allows us to move past our dependence on petrol,” said Papa Mademba Biteye, director-general of Senelec, the national electricity company, at an inauguration ceremony in the rural community of Taiba N’Diaye. Read More…

Shared by: Samantha; Dated-02/25/2020

Most dues to solar, wind power firms cleared, Discoms tell AP High Court

Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL) and Andhra Pradesh Eastern Power Distribution Company Limited (APEPDCL) on Wednesday told the High Court that they have cleared a majority of dues to wind and solar power generating companies. During a hearing on the petitions filed by the latter against the Discoms, the counsel for the respondents explained to the court that despite facing a financial crisis, the power utilities had cleared most of the dues by raising loans. Read More…

Shared by: Samantha; Dated-02/21/2020

Offshore wind energy should be India’s topmost priority: Henriette Faergemann, EU Counsellor to India

Henriette Faergemann is Environment, Climate and Energy Counsellor in the European Union (EU) Delegation to India based in New Delhi. She is working for cooperation between the EU and India in the area of climate change, urbanisation and smart cities. Talking to ETEnergyworld in an exclusive interview, she talks about the India-EU Clean Energy & Climate Partnership, including initiatives to support offshore wind, energy efficiency, smart grids and the solar park programme in India. Read More…

Shared by: David; Dated-02/21/2020

After Solar, TN Commission Issues Details for Wind Power Procurement

The Tamil Nadu Electricity Regulatory Commission (TNERC) has issued a consultive paper discussing the approach for procurement of wind power by the Distribution Licensee (Discoms) and on related issues of open access. As per the paper, India is the world’s fourth-largest wind power producer with a total installed capacity of 37.5 GW as of December 31, 2019. And of that total, Tamil Nadu is the largest producer of wind power with a State-owned capacity of 8506 MW. Read More…

Shared by: Manan; Dated-02/19/2020

Green energy parks of 50 GW planned in Rajasthan, Gujarat

The government will set up ultramega renewable energy parks of a total of 50 gigawatt (GW) in Gujarat and Rajasthan in what could be the world’s largest renewable energy investment programme, people familiar with the development said. Industry majors such as Tata Power called it a quantum leap for green energy while experts also said the initiative poses a formidable threat to thermal power plants. Read More…

Shared by: Samantha; Dated-02/18/2020

SECI Reissues NIT for 1200 MW Wind Power Projects (Tranche-IX)

The Solar Energy Corporation of India (SECI) has issued a new notice inviting tender (NIT) for procurement of wind power through a Request for Selection (RfS) document for setting up of 1200 MW ISTS-connected Wind Power Projects in India, through a global tariff-based competitive bidding process. As per the NIT, the new tender will be issued under Tranche-IX and will replace the existing tender which was issued in September 2019, and now there will be no upper limit on the tariff to be proposed by the bidders, under the proposed RfS. Read More…

Shared by: Chandan; Dated-02/15/2020

Policy Certainty Will Increase Renewable Investment in India: IEEFA

Policy certainty around renewable energy will increase domestic and international investment in India, a new report issued by the Institute for Energy Economics and Financial Analysis (IEEFA) has found. The new report ‘India’s Renewable Energy Policy Headwinds – Recommendations for Urgently Accelerating Activity in the Renewable Energy Sector’ finds a number of recent policy positions that have undermined growth in India’s renewable energy sector. Read More…

Shared by: Manan; Dated-02/15/2020

Parliamentary panel pulls up MNRE for missing renewable energy targets over years

The Parliamentary Standing Committee on Energy has pulled up the Ministry of New and Renewable Energy (MNRE) for failing to meet the targets for capacity addition over years. The failure could hamper the efforts at meeting the larger national target of reaching 175 Gigawatt (GW) capacity by 2022, it has said. The ministry could achieve only 11,319 Megawatt (Mw) of grid-connected RE capacity addition against a target of 16,560 Mw in 2016-17. It managed to achieve only 11,876 Mw of the targeted 14,445 Mw in 2017-18. Read More…

Shared by: Chandan; Dated-02/14/2020

Banking and NBFC crisis impeding credit flow for renewable energy sector: CEOs

The ongoing crisis in the banking system and the non-banking financial companies (NBFCs) is impacting the growth of the renewable energy sector impeding credit flow for projects, according to chief executive officers (CEOs) and other senior executives of companies operating in the green energy space. Read More…

Shared by: Manan; Dated-02/13/2020

Amendments in Application Guidelines for Wind Projects Clearance

The Ministry of New and Renewable Energy (MNRE) has issued amendments in guidelines for forwarding applications to the Ministry of Defence for grant of clearance for the construction of wind power projects. In pursuance of the order issued in 2013 by the Ministry of Defence conveying the decision that the applications for grant/ renewal of defence clearance for construction of power projects will be accepted through nodal Ministries (MNRE for renewable power projects), Guidelines were issued for processing of applications in this Ministry for grant of clearance by the Ministry of Defence to wind power projects. Read More…

Shared by: Paul; Dated-02/11/2020

Inox Wind Reports Rs 27.47 Crore Losses in December 2019 Quarter

Wind energy solutions provider Inox Wind recently issued its financial results for the quarter ended December 2019, in which the firm has reported a consolidated net loss of Rs 27.47 crore. The company had posted a net profit of Rs 1.69 crore during the corresponding quarter a year ago, it issued in a BSE filing. During the October-December 2019 period, its total income fell to Rs 179.76 crore from Rs 394.45 crore in the year-ago period. Read More..

Shared by: Manan; Dated-02/11/2020

MERC Offers Extension to 9 Wind Generators to Install Special Energy Meters

The Maharashtra Electricity Regulatory Commission (MERC) in its latest order has approved the petition filed by nine renewable (mainly wind) energy generators, granting an extended period of 3 months for completing the process of installation of individual Special Energy Meters (SEM) at their wind generating stations. The nine petitioners are Pragati Agencies, Sri Laxmi Industries, Sri Amareshwara industries, Sridevi Trading Company, Sri Tradco Company, Mahabal Auto Ancillary, Mahabal Metals, Serum Institute of India and AMJ Land Holding. Read More…

Shared by: Chandan Mishra; Dated-02/04/2020

Budget 2020: Wind energy industry wants government to raise discount on export duty on wind turbines

The government should look at incentivising exports of wind turbines by increasing the discount available for companies on export duty to 5 per cent from the existing 2 per cent under the Merchandise Export from India Scheme (MEIS). The centre had launched MEIS in 2015 which allows incentives to exporters at a specified rate which varies from product to product and from country to country. The percentage of incentives varies from 2 per cent to 5 per cent. Read More…

Shared by: Paul; Dated-02/01/2020

CSR: Need For Reviving the Wind Energy Sector

Climate crises have forced the countries of the world to take an active interest in the renewable energy sector. In the purview of this, the Union Ministry of New and Renewable Energy (MNRE) made a commitment to install 175 gigawatts (GW) renewable energy by 2022, in 2015. However, it set a rather listless target of producing 60GW energy for the wind energy sector. Of all the electricity generation methods, the wind has the lowest life-cycle greenhouse gas emissions due to its lower carbon footprint. It is one-third compared to solar photovoltaic. Read More…

Shared by: Samantha; Dated-01/31/2020

In India, Solar to Edge Ahead of Wind in 2020

Wind Energy, which along with Solar Energy is expected to play a significant role for India to meet its 175 GW target from renewable energy by 2022, finally faces the new reality.  The solar decade is upon us. In fact, may industry insiders opine that thanks to its much narrower requirements for the right location, the low hanging fruits in wind energy are very close to ending soon. Future growth will require concerted action at both the state and central levels to ensure India maintains its status as a wind power too. Read More…

Shared by: Chandan; Dated-01/31/2020

EDF Renewables and SITAC Commission 105 MW Wind Plant in India

EDF Renewables and its partner for wind power generation in India, the SITAC Group, have announced the commissioning of the Verdant project, a new wind farm of 105 MW installed capacity in India. Located in the State of Gujarat, one of India’s windiest regions, the 105 MW Verdant wind farm is composed of 50 wind turbines. Its production will cover the equivalent of the annual energy needs of more than 300,000 Indian households and thereby saves around 360,000 tonnes of CO2 emissions annually. Read More…

Shared by: Manan; Dated-01/30/2020

Overshadowed: Will wind power lose out to solar energy in India

In 2015, the Union Ministry of New and Renewable Energy (MNRE) embarked on an ambitious journey to install 175 gigawatt (GW) renewable energy by 2022, but it set a sluggish target of 60 GW for the high-potential wind sector. Domestic wind sector was already mature by this time with an installed capacity of 25 GW. To achieve MNRE’s target, wind industry had to make annual addition of only about 5 GW over seven years. But attaining even this small success seems a far cry. Read More…

Shared by: Damusandy; Dated-01/28/2020

Aiming 175GW for 2022: India kicks off largest renewable energy expansion programme

The government has set a target of 175GW renewable energy capacity by the year 2022, which will be the largest renewable energy expansion program in the world. Sector-wise, this bifurcates into 100GW from Solar energy, 60 GW from wind energy, 10GW from biopower and 5GW from hydropower. Renewable energy is often referred to as clean energy because they come from natural replenishable sources like sunlight and wind. Read More…

Shared by: Manan; Dated-01/23/2020

Renew Power seeks $300 million in bond sale

Wind and solar energy company Renew Power is meeting investors this week as it plans to raise at least $300million via dollar bond sales across the world later this month. The money raised will be used to refinance existing debt and for funding the second tranche of projects the company has bid for under the government planned Solar Energy Corp of India (SECI)’s second tranche of green energy projects, people familiar with the issue said. Read More…

Shared by: Chandan; Dated-01/23/2020

India has an Offshore Wind Energy Potential of 70 GW

The Ministry of New and Renewable Energy (MNRE) has revealed that based on studies, India has an offshore wind energy potential of around 70 GW, mainly distributed along parts of the coast of Gujarat and Tamil Nadu. The information was relayed by the MNRE in its submission to the Parliamentary Standing Committee on Energy. The ministry had informed that the studies were conducted by the National Institute of Wind Energy (NIWE). And that the institute had published one year’s worth of wind speed data, thanks to the LiDAR (Light Detection and Ranging) system installed and commissioned off the Gujarat coast.

Shared by: David; Dated-01/10/2020

Blowing in the wind

India has ambitious plans for investing in wind power. A recent news report indicated that the Government announced its aim to set up 500 gigawatts (GW) of renewable energy capacity by 2030. This, it was indicated, would substantially reshape the global energy market dynamism and support the background of current plans to install 175 GW of renewable energy capacity by 2022, of which 60 GW would come from wind. Read More…

Shared by: Amit; Dated-01/08/2020

Western Rajasthan produces surplus power, thanks to wind and solar energy

Winds of change in alternative power generation are sweeping across western Rajasthan with wind and solar energy producing surplus electricity for the tenth successive year considerably reducing greenhouse gas emissions. In Jaisalmer region, the total installed wind power capacity is 3933.52 MW and solar energy production is 113 MW, a senior official said. “On an average, the windmills generate 25 to 30 per cent of the total installed capacity,” the official said. Read More…

Shared by: Manan; Dated-01/02/2020

India has installed 84 GW of renewable energy capacity so far: MNRE

India’s renewable energy (RE) capacity had crossed 84 gigawatt (GW) mark by the end of November this year, fresh data released by the ministry of new and renewable energy (MNRE) showed. “A total of 6083.48 MW of renewable energy capacity has been added during the year 2019-2020, taking the cumulative installed RE capacity to 84.39 GW as on November 2019,” said the monthly report released by MNRE. Read More…

Shared by: Damusandy; Dated-01/02/2020

Icra revises outlook for RE sector to negative amid delays in project execution, payments

Ratings agency Icra on Monday revised its outlook for India’s renewable energy sector from stable to negative amid delays in payments from discoms and execution of projects. The sector is facing headwinds because of the long delays in making payments by the state distribution utilities, delays in projects bid out over the past two years, difficulties in acquiring land for projects, securing transmission connectivity and financing in a timely manner, the ratings agency said. Read More…

Shared by: Paul; Dated-12/31/2019

Offshore wind energy

The first floating wind farm in Portugal will be built by the end of 2019, and it will also be one of the largest floating wind farms in the world. This is an important step in creating a more sustainable future, and, understandably, it brings some curiosity. We are used to seeing huge wind turbines across the country, but… floating wind turbines? And at high seas? Discover the mechanics of this clean energy production technology, the challenges it brings, and get a general idea about this industry, which will certainly “spread like the wind” in the coming years. Read More…

Shared by: Damusandy; Dated-12/30/2019

India set to cross 100GW renewable energy capacity mark in 2020

India is all set to cross the 100GW renewable energy capacity mark in 2020 and can make rapid strides towards the ambitious 175GW clean energy target by 2022 provided the government keeps a close eye on key issues and deals with those well in time. The government however needs to promote storage to ensure 24X7 clean energy supply as coal fired thermal power still remains the base load in the country. Presently, the issues hampering growth of renewables in India are lack of interest of financial institution to fun renewable energy projects, safeguard duty on imported solar panels, ambiguity over goods and services tax (GST) on solar equipment and low investor sentiment due to delayed or non-payment by discoms to clean energy developers. Read More…

Shared by: Manan; Dated-12/27/2019

Suzlon’s $1.6bn debt revamp stalls as deadline approaches

Suzlon Energy Ltd has yet to meet a key condition in its race to meet a deadline early next month to seal a Rs113bn ($1.6bn) debt restructuring, raising questions about its ability to stave off bankruptcy. The Indian wind turbine maker hasn’t secured the credit rating it needs to present a restructuring offer to creditors, who must approve a recast plan before January 7 or tip Suzlon into bankruptcy to avoid punitive provisions, said a person familiar with the matter. If the restructuring attempt were to fail, Suzlon would be the latest in a long line of Indian companies in the nation’s nascent bankruptcy courts. Read More…

Shared by: Paul; Dated-12/26/2019

Grids key to renewable energy goal

The government’s ambitious target to meet more than half of India’s energy requirements from renewable sources within 10 years rests on a stable grid network that can meet the fluctuations in weather patterns. According to an Assocham-Pwc study, the feasibility of ramping up the contribution of renewable energy to 54 per cent of the total energy mix by 2029-30 depends on a back-up solution that can stabilise the grids, irrespective of the weather conditions. The central government has set a target to expand the renewable energy capacity to 450GW by 2030 from 78GW in 2018. Read More…

Shared by: Chandan; Dated-12/26/2019

‘Shovel ready’: Spanish firm to put $500m into Australian wind and solar farm

Spanish energy giant Iberdrola says it has decided to invest $500m in a wind and solar farm in South Australia as the first of a series of renewable power projects it hopes to develop in Australia.Iberdrola’s head of renewables, Xabier Viteri, said that in the new year the company would also probably increase its target for renewable energy from the “ambitious” target of 10GW by 2022. Read More…

Shared by: David; Dated-12/24/2019

Wind Energy Is The Secret Superpower Behind US Steel Industry Survival

The jury is still out on the long term health of the US steel industry, but one thing seems certain: if steelmaking has any prospects for success in the coming years, it will be on the coattails of the nation’s wind energy resources. In the latest development, the US-Nordic firm SSAB has announced plans to convert its global facilities to make “fossil-free” steel, including its two plants in Iowa and Alabama. Oh, the irony! Read More…

Shared by: Adam; Dated-12/24/2019

Over 12 GW of Wind Power Projects Awarded so far: RK Singh

Union Minister of State (IC) New & Renewable Energy, Power and Skill Development and Entrepreneurship RK Singh, in a recent written reply to a question in Rajya Sabha, has informed that so far, bids for 15,100 MW of wind power projects have been issued in India, out of which projects of 12,162.50 MW capacity have already been awarded. The Minister further added that the cumulative installed capacity of wind power (as on 31.10.2019) in the country is 37,090.03 MW. Read More…

Shared by: Manan; Dated-12/04/2019

India’s installed wind energy capacity has surpassed the 37 GW

The information was provided by RK Singh, Union Minister of State for New & Renewable Energy, and Power, in a written reply to a question in the Rajya Sabha. The minister revealed that the cumulative installed capacity of wind power (as on 31.10.2019) in the country is 37,090.03 MW. Further adding that, so far, bids for 15,100 MW of wind power projects have been issued, out of which projects of 12,162.50 MW capacity have been awarded. Read More…

Shared by: Damusandy; Dated-12/04/2019

Centre, Andhra reach a compromise on green contracts

The Centre and Andhra Pradesh have reached a compromise to end the impasse over the Y.S. Jagan Mohan Reddy-led government’s controversial decision to reopen renewable energy contracts inked by the previous state government. The compromise was struck during a meeting attended by Union and state government representatives earlier this month. The formula includes non-revision of those power purchase agreements (PPAs) whose tariffs have been fixed by the state electricity regulator; concessional loans to the Andhra Pradesh government by state-run firms such as Power Finance Corp. Ltd, (PFC), REC Ltd and Indian Renewable Energy Development Agency (IREDA) to clear outstanding dues; and waiver of interstate transmission charges for green energy to help reduce the state’s financial burden. Read More…

Shared by: Deepak; Dated-11/29/2019

ESB and Equinor to Deliver Potential Offshore Wind Projects

ESB has announced that it has entered into a partnership with Equinor, to work to identify suitable sites for new offshore wind farms in Irish waters and work to mature potential future wind projects. The potential for energy storage technology and other technologies to complement offshore wind operations will also be examined, under the partnership. It is the ambition of the partnership to explore opportunities for large scale wind projects towards commercial operation by 2030, thus contributing to the wider goals of the Irish Government on energy transition. This partnership will also support the Government’s 2050 vision for a net-zero carbon economy through fixed and floating offshore wind farms and enabling technologies. Read More…

Shared by: Paul; Dated-11/29/2019

Accurate Forecasting of Renewable Generation a Tough Task for Solar & Wind Developers

With India’s target to install 175 GW of renewables by 2022, the share of renewables is only going to grow, making the grid integration of these intermittent renewable resources into the country’s energy mix critical and at the same time challenging. Due to the intermittent nature of wind and solar energy, forecasting and scheduling are essential for stable and efficient grid management. According to Mercom India Solar Project Tracker, India has a cumulative solar installation of  33.8 GW as of Q3 2019.Renewable energy generation, especially from wind and solar power, is variable, due to its dependency on the weather. The most critical scheduling input comes from weather forecasting agencies. Without accurate weather prediction, it is impossible for a renewable generator to submit accurate schedules. Read More…

Shared by: Adam; Dated-11/19/2019

Wind power firms sever ties with bankrupt Senvion

Wind developers in India are said to have started scaling down or terminating their contracts with Hamburg-based turbine manufacturer Senvion after the company filed for insolvency in a German court in April. This even after Senvion said in August that it was spinning off its Indian operations into a separate, standalone business unit. Riyadh-based Alfanar Energy, which had signed a contract with Senvion for a 300 MW project in India, terminated the order and awarded it to Siemens Gamesa Renewable Energy. Read More…

Shared by: David; Dated-11/18/2019

Answer to power woes blowing in the wind?

Many environmental sceptics will write off wind energy as a resource that has literally gone with the wind and rightly so, as India still has a long way to go before it can say that wind power has come to play a pivotal role in becoming the alternate source to fossil fuels. Having said this, wind energy obviously cannot be written off as it has tremendous potential that is just waiting to be tapped. The specific circumstances in India are not able to create an enabling environment for the full-fledged harnessing of this amazing pollution-free sustainable and renewable power resource. Read More…

Shared by: Paul; Dated- 11/14/2019

Andhra Pradesh proposal casts doubt on India’s renewable sector: Rystad Energy

Nearly 3.3 GW of wind and solar projects under development and 7.4 GW of operational wind and solar projects in the Indian state of Andhra Pradesh may be affected by new proposals of the state government and electricity regulation commission—according to Rystad Energy. “Should the [power purchase agreement revision] proposals from the new government of Andhra Pradesh be implemented, we estimate that India will reach around 53 GW of its 60 GW target of utility-scale solar capacity by 2022,” remarked Sushma Jagannath, an analyst on Rystad Energy’s renewable team in Bangalore. Read More…

Shared by: Samantha; Dated- 11/13/2019

Allocate 60,000 hectares for solar & wind park on priority, Centre tells state

The central government on Wednesday directed the state government to hasten the allocation of 60,000 hectares of land for the solar and wind park project in Kutch district. The project is expected to attract an investment of about Rs 1.35 lakh crore.
The proposed solar and wind park is one of the projects of national importance that are reviewed every month under the PRAGATI (Pro-Active Governance and Timely Implementation) programme.The PRAGATI programme is monitored by Prime Minister Narendra Modi himself. Read More…

Shared by: Manan; Dated-11/08/2019

Siemens Gamesa wind turbines in Sweden will supply wind energy to Google

Siemens Gamesa will supply 62 wind turbines with a unit capacity of 4.1 MW for the 254 MW Stavro wind farm. The wind power project, developed by Prime Capital AG, is owned by a consortium formed by Korean institutional investors, Siemens Financial Services and the German pension fund Nordrheinische Ärzteversorgung. The wind energy produced by the park will be sold to Google and Holmen through two electricity purchase agreements. Read More…

Shared by: Paul; Dated- 11/07/2019

Unlocking the Wind energy Potential in South East Asia

On 31 October 2019, energy industry leaders gathered in Singapore for the Wind Energy Conference at the Asia Clean Energy Summit (ACES). The conference, co-organised by the Global Wind Energy Council (GWEC) and the Sustainable Energy Association of Singapore (SEAS), featured dialogues on regulatory challenges, project financing and the latest technological advancements in the wind sector. The day began with the signing of a series of agreements between GWEC and regional partners, with the objective to accelerate the decarbonisation of South East Asian markets, which are currently reliant on fossil fuels. Read More…

Shared by: David; Dated- 11/07/2019

KSEB to Modify PSA for 200 MW Wind Power Signed with SECI

The Kerala State Electricity Regulatory Commission (KSERC) has in its latest order, asked state Discom Kerala State Electricity Board (KSEB) to modify its Power Sale Agreement (PSA) that it had signed with the Solar Energy Corporation of India (India) for procuring 200 MW of wind energy. KSEB filed the petition on July 1, 2019, seeking approval for the 200 MW wind PSA with SECI so it can meet its renewable purchase obligations (RPO). In response to a petition filed by the KSEB for the approval of the PSA with SECI, the state commission has issued an order stating that the agreement must be modified to reflect the updated regulations by the Ministry of Power before it can approve the proposal. Read More…

Shared by: Chandan; Dated- 11/06/2019

Redesigning power purchase: Peak-load pricing the way forward, India also needs to push renewables

The average plant load factor of thermal power stations have come down from over 75% to 60%. Quite a few new thermal power plants are not being able to sell enough electricity and are, therefore, having difficulty in repaying their loans. The common inference, therefore, has been that India has surplus power generating capacity. The reality, however, is a bit more complex. Electricity is unlike other industrial goods. It is supplied through the grid, and at every moment supply needs to match demand to maintain grid stability. Read More…

Shared by Damusandy; Dated- 11/06/2019

How climate change will transform the global balance of power

In his remarks to the annual conference of the Valdai Club this autumn, President Vladimir Putin managed simultaneously to cast doubt on whether human-driven climate change is actually happening, and to assure his audience that Russia is doing everything possible to prevent it. This is also very close to the contradictory public positions of Prime Minister Narendra Modi of India. India, however, has recently made remarkable progress in moving to renewable energy, while Russia is mostly just marking time. Read More…

Shared by Paul; Dated- 11/06/2019

China and India Poised to Lead Asia in Harnessing Wind by 2050: IRENA Report

The International Renewable Energy Agency (IRENA) has released its latest Global Energy Transformation Report, which explores global energy development scenarios up to the year 2050.The report states that Asia – mainly China (at more than 2,000 GW) and India (at more than 300 GW) – would continue to lead global onshore wind power installations, with the region accounting for more than half (2,656 GW) of the total global capacity by 2050. Read More…

Shared by Manan; Dated- 11/05/2019

Wind energy players’ woes pile up

The dilution of renewable energy purchase norms and introduction of competitive bids have hit the wind energy sector hard. The latest casualty due to the unfavourable winds faced by the sector is Inox Wind’s manufacturing facility at Rohika. In a statement to the stock exchanges, after news reports of a lockout, the company maintained that the shutdown was declared because of fears that certain employees, under the instigation and influence of external forces, could create disturbance in the Blade Plant. Read More…

Shared by Amit; Dated- 11/04/2019

Canadians swoop for US wind and solar giant Pattern Energy

US wind and solar operator Pattern Energy will be bought by Canada Pension Plan Investment Board (CPPIB), taken private and united with sister company Pattern Development to create a new renewables group, under the terms of a deal announced on Monday. CPPIB – which has emerged as a major investor in renewables globally – agreed to pay $26.75 per share for Pattern Energy in a deal that gives it an enterprise value of $6.1bn, including debt. Read More…

Shared by Samantha; Dated- 11/04/2019

Why India may not achieve its 2022 renewable energy target

India has come a long way in renewable energy in the past decade. The country’s installed capacity has risen sixfold to nearly 83 gigawatts (1 GW = 1,000 MW). And in the past 5 years, solar power, which is set to become bigger than wind energy within renewables, has seen its capacity grow around 12 times to over 31 GW, according to the Central Electricity Authority (CEA). So for the majority of Prime Minister Narendra Modi’s first term, his government’s target of having 175 GW of installed clean energy capacity by March 2022 did not seem unrealistic. Of that, 100 GW was to be in solar energy, 60 GW in wind projects (the current capacity is 37 GW) and the rest in small hydel (up to 25 MW) and biomass plants. Read More…

Shared by David; Dated- 11/03/2019

Inox Wind gains 5% on bagging power project from ReNew Power

Shares of Inox Wind rose 5 percent in early trade on November 4 after the company won an order from ReNew Power. The company in its press release said that it has bagged an order for a 38 MW wind power project to be developed at Anjar in the State of Gujarat from ReNew Power Limited under the SECI – 2 regime. The project is scheduled to be commissioned by January 2020. Read More…

Shared by Adam; Dated- 11/03/2019

SB Energy, Intersect Power Partner On Big California And Texas Portfolio

SB Energy Global Holdings Ltd., a subsidiary of SoftBank Group Corp., is acquiring a portfolio of five U.S. solar power plants with a combined capacity of more than 1.7 GW from Intersect Power LLC, a utility-scale renewable energy developer. Subject to satisfying certain closing conditions, SB Energy will build, own and operate the five projects, located in California and Texas. The company expects to begin construction in early 2020. SB Energy and Intersect Power previously partnered to develop the projects. Read More…

Shared by David; Dated- 10/31/2019

France’s Engie looks to set up renewables fund in Australia

French energy company Engie plans to set up a renewable energy investment fund in Australia to speed up investment in wind and solar farms, its Australian head said on Thursday. The plan is to find one or more partners to invest in a fund to develop 2,000 megawatts (MW) of wind and solar farms in the next 10 years, including the 165 MW of wind power Engie Australia has already installed and 800 to 1000 MW of wind and solar projects it has on the drawing board, Australia and New Zealand Chief Executive Augustin Honorat said. Read More…

Shared by Adam; Dated- 10/31/2019

India showing political will on renewable energy development: IRENA

India is showing political will to develop renewable energy despite challenges such as land regulations, a senior official of the International Renewable Energy Agency (IRENA) said here. Francesco La Camera, Director General of the International Renewable Energy Agency, made the remarks on Wednesday while releasing a report on “A Climate-Safe and Sustainable Energy System” at the Asia Clean Energy Summit here. “The most important thing is the political will (of India),” he said at a press conference, highlighting the Indian government’s commitment to achieve its renewable energy targets as part of its stronger efforts to manage climate change. Read More…

Shared by: Manan; Dated- 10/31/2019

India, Saudi Arabia ink Renewable Energy Agreement

India and Saudi Arabia have signed 12 MoUs and agreements in key sectors including renewable energy, security cooperation, defence industries collaboration, and civil aviation. The agreements were signed in the presence of Prime Minister Narendra Modi and Saudi Crown Prince Mohammed bin Salman. The two countries signed a Strategic Partnership Council agreed to further cement the bilateral ties in political, defence, security, trade and investment sectors between the two countries. Read More…

Shared by: Amit; Dated- 10/31/2019

Israeli investment firm to raise 80 mln euros for Spanish wind energy project

Israeli investment firm Novasec said on Wednesday it has partnered with Enlight Renewable Energy to raise 80 million euros ($89 million) to help fund a 312 megawatt onshore wind farm in Spain. The Gecama wind project, located in the Castilla La-Mancha region in central Spain, is owned by renewables developer Enlight and is expected to start construction in the first quarter of next year and will cost up to 330 million euros to complete. Novasec, which finances renewable energy projects, said Gecama will be Spain’s largest onshore wind farm. The total revenue of the project will be around 2 billion euros over its lifetime. Read More…

Shared by: Paul; Dated- 10/31/2019

ABB wins contract to connect world’s largest offshore wind farm

ABB has won a big contract to connect the world’s largest offshore wind farm to Britain’s electricity grid, the Swiss engineering company said on Wednesday. ABB has been selected by energy companies SSE Renewables of the UK and Equinor of Norway to supply its high-voltage direct current converter systems to connect wind farms in the Dogger Bank region of the North Sea to the UK transmission network. The project will generate enough energy to power 4.5 million homes, ABB said. Read More…

Shared by: Samantha; Dated- 10/30/2019

Decoding the National Wind-Solar Hybrid Policy

When it comes to power generation, renewable energy is what’s on everyone’s mind, not only in India but globally. Mostly because it gives us our best chance to battle global endemics such as climate change. But if we consider facts relating to the scale of implementation or rate of adoption, several countries worldwide are still struggling to establish renewable energy as a feasible alternative of conventionally used fossil fuels. Being a peninsula with tropical climate, India has immense supply of renewable resources which if harnessed to its full potential can help the country reduce its carbon footprint significantly. Some of the most significant factors that limit the generation as well as the adoption of renewable energy is the initial costs associated, uncertainty regarding its viability and scepticism revolving around its applicability in the long run. Read More…

Shared by: Manan; Dated-10/25/2019

NTPC wind energy tender receives tepid response from developers

Wind tenders continue to draw little interest from developers including those from ‘navratna’ NTPC, whose latest tender, issued for the second time on Wednesday, drew no response.NTPC first issued the tender of 1,200MW few days ago setting a ceiling tariff of Rs 2.85 per unit. When no developer showed interest, it revised the ceiling tariff to Rs 2.93 and issued the tender again. Even then, it did not draw a single bid. The tender closed on Wednesday. The next bid submission date has not been announced yet, sources said. Read More…

Shared by: Chandan; Dated- 10/25/2019

Distributed solar to drive global renewable growth 50% by 2024: IEA

The world is adding renewable resources at a solid clip, aided by falling prices and clean energy policy, but IEA says it will not be enough to meet global climate goals. Renewables are the world’s second largest source of electricity, “but their deployment still needs to accelerate if we are to achieve long-term climate, air quality and energy access goals,” IEA Executive Director Fatih Birol said in a statement. In 2015, almost 200 nations signed a historic climate accord vowing to keep the impact of climate change “well below” 2 degrees Celsius. Under the Trump administration, the United States withdrew from the Paris climate accord in 2017. Read More…

Shared by: David; Dated- 10/22/2019

Vattenfall and Wallenstam cancel major offshore wind park plan in Sweden

Swedish utility Vattenfall and its partner Wallenstam have called off efforts to develop a joint offshore wind project in Sweden, Vattenfall said on Monday, after the country’s military rejected a revised plan for the development. The partners, through a joint company called Taggen Vindpark, already had a permit since 2012 to build a 300 megawatt (MW) park off the southern coast of Sweden, able to power just over 200,000 households. Read More…

Shared by: Adam; Dated- 10/21/2019

India to build solar, wind farms along Pakistan border

India plans to build a string of renewable energy projects along its sun-baked, wind-whipped western border, officials said Monday, as New Delhi continues an ambitious programme to reduce the country’s dependence on fossil fuels. Mired in an economic slowdown, the government has tripled spending over the last three years as part of its push to cut down the use of oil and coal. “We are studying land feasibility and have identified projects worth 30 gigawatt capacity for Gujarat and 25 gigawatt capacity for Rajasthan,” Anand Kumar, new and renewable energy secretary, told AFP. Read More…

Shared by: Manan; Dated- 10/21/2019

German network agency awards onshore wind power, solar licences

Germany’s power network agency said on Friday it had awarded licences to build onshore wind turbines with the capacity to produce 204 megawatts (MW), after its Oct. 1 auction, aiming for a possible maximum of 675 MW, was again undersubscribed. The Bundesnetzagentur energy markets regulator also said in its statement that it had awarded 153 MW of solar power capacity out of a tender volume of 648 MW, with nearly all permits going to Bavarian bidders. The authority has warned that a sharp fall in applications for green power projects threatens the country’s energy transformation. The economy ministry this month presented a schedule to reverse the lull. Read More…

Shared by: Samantha; Dated- 10/18/2019

Inox Wind signs additional deal for 50-MW project with Adani

Energy solutions provider Inox Wind said on Wednesday it has closed a deal for sale of a 50-megawatt wind power project at Dayapar in Kutch district of Gujarat in which AdGreen Energy will be the strategic investor. The project is part of the capacity won under Solar Energy Corporation of India (SECI) bids for wind power projects connected on the central grid. These 2 MW wind turbines have one of the highest swept areas that make it ideally suited to maximise returns in low wind areas, the company said in a statement. “Inox Wind’s Kutch site will become one of the largest wind farms in India post-execution of capacities won in different rounds of SECI and state auctions,” it added. Read More…

Shared by: Damusandy; Dated- 10/16/2019

Warren Buffett-backed Canadian firm announces $200 million Alberta wind farm

BHE Canada, a unit of billionaire Warren Buffet‘s Berkshire Hathaway Energy, will start construction on a $200 million wind farm in southeast Alberta next year, the company said on Tuesday. The 117.6 megawatt (MW) Rattlesnake Ridge Wind project will produce enough energy to supply the equivalent of 79,000 homes, said BHE Canada, which is backed by Buffett’s Omaha-based Berkshire Hathaway Inc. Read More…

Shared by: Paul; Dated- 10/15/2019

India to install 2.9 GW wind capacity in 2019: Report

India is likely to install more wind capacity in 2019 than it did last year, but it will still be well below what it used to be earlier. According to Bloomberg New Energy Finance, the country will install 2.9GW in 2019 against 2.3GW in 2018. In 2016-17, 5.4GW was added, while 3.4GW was achieved in 2015-16. “We expect 15.6GW of new wind projects to be added between 2019-22. Thus, India will reach 51GW of wind installed capacity by 2022, 9GW less than the target of adding 60GW of onshore wind projects by 2022,” said Atin Jain, associate at Bloomberg New Energy Finance (BNEF). Read More…

Shared by: Manan; Dated- 10/14/2019

Renewable energy sector adds 4,273 MW in H1

Even as industry analysts warn of slowdown in the renewable energy sector, the segment has added 4,273 MW of new capacity to the grid during the first half of this fiscal, which is one of the highest additions in a first-half year period in the last several years. However, the addition to capacity during the April-September 2019 is only 36 per cent of the target (11,802 MW) set for the fiscal. Read More…

Shared by: Damusandy; Dated- 10/12/2019

Long read: Solar + wind, the benefits of co-location

When subsidies for renewable energy generators were more generous, wind and solar fiercely competed for the attention of policymakers. This rivalry resulted in a fervent debate over the relative merits of each technology. In a way, it became the renewable energy version of Monty Python’s Judeans People’s Front – or was it the People’s Front of Judea?In recent years, however, a number of companies have started to venture into wind and solar co-location, and the trend is now picking up serious momentum. Read More…

Shared by: Amit; Dated- 10/12/2019

Equinor to invest nearly $550 mn in floating wind power off Norway

Equinor will invest close to 5 billion Norwegian crowns ($549 million) to build floating turbines that will supply power to several North Sea oil and gas platforms, the first such project of its kind, the Norwegian firm said on Friday. The 88 megawatt (MW) capacity project, called Hywind Tampen, consisting of 11 turbines, would meet about 35% of electricity needs at the Gullfaks and Snorre fields, Equinor said. The 88 megawatt (MW) capacity project, called Hywind Tampen, consisting of 11 turbines, would meet about 35% of electricity needs at the Gullfaks and Snorre fields, Equinor said. Read More…

Shared by: Adam; Dated- 10/11/2019

Wind energy: Takeover by Acciona to help solidify Nordex’s market share position

Spain’s Acciona SA is set to launch a 100 per cent takeover of German wind turbine manufacturer Nordex after increasing its majority share in the firm to 36.27 per cent in a move that would help Nordex solidify its market share position, win larger contracts and allow access to additional capital and financial strength. The global wind turbine market share is currently dominated by three western OEMs – Vestas, SGRE and GE. “With strong backing from current largest shareholder and one of the leading Independent Power Producers (IPPs), Acciona Energy, Nordex’s commercial market share position will be solidified,” said Shashi Barla, Principal Analyst at research firm Wood Mackenzie. Read More…

Shared by: Manan; Dated- 10/08/2019