03/10/2018
News
Ilaria Valtimora
Statkraft buys 1.55GW Element Power pipeline Norwegian utility Statkraft has agreed to buy the Irish and UK wind development operations of Element Power from Hudson Clean Energy Partners.
The transaction includes a 1.55GW portfolio of wind farms under development, including 1.3GW projects in the Republic of Ireland and 250MW in the UK. The parties did not reveal financial details of the deal. T ...
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01/10/2018
News
Ilaria Valtimora
Vestas plans job cuts as European growth slows Wind turbine maker Vestas is set to cut around 400 jobs, mostly in Europe, as it focuses more on regions with stronger growth prospects.
Vestas said the planned redundancies were part of a strategic change as it looks to focus on high-growth wind markets. Three-quarters of the cuts are due to take place in north and central Europe. Vestas said the ...
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01/10/2018
Wind Watch
Alice Jones
From promising market to pariah – and back? That’s the journey that Poland is trying to take when it comes to wind energy.
This month, the country’s energy minister Krzysztof Tchorzewski told Reuters that he wanted to cut the proportion of coal in Poland’s energy mix from 80% now to 50% by 2050. In the short-term, he said that natural gas would fill much of this gap, and also that renewable ene ...
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28/09/2018
News
Ilaria Valtimora
Europe awards €3.5bn backing to Belgian trio The European Commission is supporting construction of three Belgian offshore wind projects totalling 706MW with a €3.5bn funding package.
The developments are the 252MW Seastar and the 235MW Mermaid, which are owned by a group led by Otary, and the 219MW Northwester 2, which is owned by a Parkwind-led consortium. The projects are set to receive €3.5 ...
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28/09/2018
Wind Watch
Ilaria Valtimora
Do you want to decarbonise Europe’s electricity system? As you’re a member of the A Word About Wind community then you’ll probably answer with a hearty ‘yes’.
And I’m sure you also know that renewables will play a vital role. We know a vested interest when we see one! This week, industry association WindEurope published a report, ‘Breaking New Ground’, in which is said that renewables-based el ...
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26/09/2018
News
Richard Heap
SSE buys out 1.5GW Seagreen partner Fluor SSE is set to take full control of the up-to-1.5GW projects Seagreen Alpha and Bravo in Scottish waters by buying partner Fluor's 50% stakes.
SSE has agreed to take full ownership of Seagreen and plans to bid for support in the UK government's next Contracts for Difference auction next spring. The British utility is set to pay £118m for Fluor's 50% sta ...
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24/09/2018
News
Richard Heap
Engie signs PPA at 385MW Arkona wind farm French utility Engie has agreed to buy all of the energy produced by the 385MW Arkona wind farm in the German Baltic Sea for four years.
Arkona is owned by German utility E.On and Norwegian oil giant Equinor in a 50:50 joint venture called OWP Arkona. The wind farm is currently being built and is due to complete this year. Engie is set to buy the electr ...
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24/09/2018
Wind Watch
Ilaria Valtimora
The offshore wind sector in China is often surrounded by a sense of mystery. Very little news about its expansion
has reached us in the past few years, but this could be about to change as it embraces competitive auctions.
Developers in China installed 1.16GW of offshore wind farms in 2017, which brought the cumulative total to 2.8GW. These figures represent only a tiny part of its huge pot ...
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21/09/2018
News
Richard Heap
GIP to pay £4.5bn for half of 1.2GW Hornsea 1 Global Infrastructure Partners has agreed to acquire 50% of Ørsted's 1.2GW Hornsea 1 offshore wind project in British waters for £4.5bn.
Hornsea 1 is set to be located in the North Sea off the UK coast and consist of 174 7MW Siemens Gamesa turbines. GIP is poised to partly fund the purchase with a £3.5bn financing package, backed by a pool of compa ...
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21/09/2018
Wind Watch
Alice Jones
Thus far, offshore wind development has been largely concentrated in Europe, with emerging markets such as Taiwan and the US. But recent stirrings in India, already the fourth largest onshore wind market in the world with just shy of 35GW of capacity installed, indicate that a new player is entering the game.
In June of this year, the Indian government announced that it wanted to support the de ...
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