The Top 10 Offshore Wind Energy Trends to Watch in 2023
The drivers for global offshore wind growth look good for 2023. Global offshore wind is forecast to grow from over 60 GW at the end of 2022 to 240 GW by 2030 and over 410 GW by 2035. But the sunny outlook must be balanced with some building dark clouds. As we prepare for the new year, let us look at ten factors that will shape the offshore wind sector in 2023.1. Solid foundations: Optimism for the supply chain is founded on declared and inferred offshore wind deployment targets by a growing number of countries of over 400 GW, driven by energy transition and energy security policies.2.
Wave Energy Developer Plots Strong Growth Plan in '22, IPO in '23
South Korean wave energy developer INGINE revealed ambitious growth plans for 2022,its10th anniversary.Today the company is approaching a landmark fifth year of wave energy operation in North East Asia, via the Jeju Bukchon Wave Power Plant built in 2015. Additional international projects will see expansion across four continents throughout 2022 and beyond.This includes a Vietnamese and Korean initiative in Quang Ngai province - through a five-party MoU involving Quang Ngai People’s Committee, INGINE, SK Innovation…
UK Gov't Advised to Harness Pandemic to Speed Zero-carbon Aims
From creating jobs in home insulation to hiking dirty fuel taxes and expanding electric-vehicle charging, Britain's government should harness the COVID-19 pandemic to accelerate cuts in planet-heating emissions, an advisory panel said on Thursday.With public support for low-carbon shifts growing and the state spending billions to boost its flagging economy, now is "a once-in-a-lifetime opportunity" to ramp up the transition, said John Gummer, chair of Britain's Committee on Climate Change."If we are to emerge successfully from COVID-19…
Triton Knoll Installs Turbines
UK's Able Seaton Port (ASP) has begun latest transformation into multi-million Triton Knoll turbine base.Preparatory works are underway to transform Able Seaton Port (Able) for its role at the heart of turbine installation for Triton Knoll Offshore Wind Farm.Able Seaton Port was selected by MHI Vestas Offshore Wind in 2018 to be the offshore wind turbine pre-assembly base for the 857MW Triton Knoll Offshore Wind Farm.The 90 turbine Triton Knoll project and MHI Vestas are jointly investing in the works at the Teesside facility…
Dunkirk Port Switches on Cold Ironing
French container line CMA CGM announced that its ship APL Singapura has inaugurated the cold ironing facilities of the Terminal des Flandres in the Port of Dunkirk.By plugging into an onshore electricity supply (also known as "cold ironing"), container ships calling at port can shut down their auxiliary engines while still getting the power they need, particularly in order to maintain controlled temperatures in refrigerated containers (Reefers).This innovative technology has significant environmental benefits, including: Zero emissions of sulfur and nitrogen oxides and fine particles while ships are at berth…
EDF Begins Construction on 450 MW OWF
French utility EDF Group announced that its subsidiary EDF Renewables has launched the construction of the Scottish Neart na Gaoithe (NnG) offshore wind farm project along with the new partners, the Irish electricity company Electricity Supply Board (ESB), which is taking a 50% stake in the project.The 450MW Neart na Gaoithe will consist of 54 turbines and will be located in the North Sea approximately 15 kilometers off the coast of Fife in south-east Scotland.When fully operational, the NnG offshore wind farm will generate the equivalent electricity to power over 375…
E.ON, RWE Renewables Sign Clean Power Deal
Global energy company E.ON has signed an agreement to purchase clean energy from British wind farms of RWE Renewables.The 2.5-year agreement is on purchasing the output of more than 20 British wind farms, supplying sustainable power to the grid and supporting E.ON’s commitment to provide 100% renewable power for its UK customers.With this power purchase agreement (PPA) E.ON buys around 3TWh of power annually from wind farms around Great Britain which are operated by RWE. It covers a capacity of 892MW of onshore and offshore wind generation and includes a proportion of the London Array…
GERE Goes Carbon Neutral
GE Renewable Energy, the renewable energy arm of US industrial technology giant General Electric, announced its plan to make 100 percent of its operations carbon neutral by the end of 2020.GE Renewable Energy will reach carbon neutrality by reducing emissions through operational efficiencies, securing renewable electricity supply to all GE Renewable Energy sites throughout its operations for wind, offshore wind, hydropower, energy storage and grid businesses – and balancing remaining emissions with the purchase of carbon offsets to achieve a net-zero footprint.Jérôme Pécresse…
Partners Group invests in Greenlink
Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector, the subsea connection between Wales and Ireland in exchange for a stake in the scheme.To-date, Greenlink has been developed by Element Power, an independent renewable energy developer, which, together with funds managed by Hudson Sustainable Investments, is the other major shareholder in Greenlink.Greenlink will use a subsea high-voltage direct current (HVDC) cable system to connect the power markets of Ireland and Great Britain…
Tax Sops for Shore-Side Electricity Supply for Ships in EU
The Transport committee of the European Parliament supported yesterday the removal of tax barriers for the uptake of shore-side electricity supply (OPS) in ports for ships at berth.The Ertug report on the deployment of infrastructure for alternative fuels in the EU which was voted by the Transport committee, pointed out that taxation has a major impact on the price competitiveness of alternative fuels and underlined that disparities in energy taxation for shore-side supply for ships should be addressed.European…
Bosnia Adopts Long-Term Energy Strategy Key to Unlocking EU Funds
Bosnia's central government adopted a long-term energy strategy on Wednesday after years of political wrangling between its two regions, paving the way for major funding from the European Union and other investors."With this act, we completed the adoption of a package of four most important strategies for economic reforms," said Bosnia's Prime Minister Denis Zvizdic."We stopped a negative trend that meant we could not apply for energy projects and lost hundreds of millions of euros of investments and grants," Zvizdic told a news conference.Bosnia…
Saipem Wins $700 Mln Worth of Offshore Contracts
Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana.These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil, as the project operator, are in addition to those awarded to Saipem in 2017 for Liza Phase 1.Following engineering and subject to requisite government approvals, project sanction from the joint venture and an authorization to proceed with the next phase, Saipem will then perform detailed engineering, procurement, construction, and installation of the risers, flowlines, and associated structures and jumpers.
French Energy Transition Key to Security - IEA
In its latest country review of energy policies, the International Energy Agency (IEA) praised France for setting in motion significant reforms towards more secure, affordable and sustainable energy supplies and the green growth of its economy. Over the past ten years the French economy has reduced its carbon intensity and benefitted from greater energy efficiency, notably in the residential sector, according to the IEA report, Energy Policies of IEA Countries: France 2016 Review. The IEA praised France's leadership role in climate change mitigation and green finance around the world and at home…
ABB wins Indian power transmission link deal
ABB has teamed up with India’s national electricity grid operator Power Grid Corporation of India Limited (POWERGRID) in a mega project worth over $640 million for ABB to deliver a transmission link that will have the capacity to bring reliable electricity to more than 80 million people. The Raigarh-Pugalur 800 kilovolt (kV) ultra-high-voltage direct current (UHVDC) system will connect Raigarh in Central India to Pugalur in the southern state of Tamil Nadu. The 1,830 kilometer (km) link will be among the longest in the world.
UK Rule Change for Small Power Producers Could Raise Costs, Risk Supply
Changes to Britain's local power generation rules could drive up energy bills and curb growth in new small plants just when the government is seeking to boost the country's electricity supply. Smaller power generators with less than 100 megawatt capacity embedded into local power grids have grown rapidly thanks to rules that let them avoid the costs of using and maintaining the national transmission network. But encouraged by Britain's "big six" energy suppliers, the Department for Business, Energy and Industrial Strategy (BEIS) and energy sector watchdog Ofgem plan to remove some of these advantages.
ARENA Making Electricity Grids Smarter
More than 150 households in NSW and Victoria will take part in an innovative new trial to test how smart inverters can work alongside rooftop solar and home energy storage to cut costs and improve the stability and reliability of Australia’s electricity supply. ARENA CEO Ivor Frischknecht said ARENA was pleased to be supporting the Institute for Sustainable Futures (ISF) trial as part of ARENA’s efforts to accelerate Australia’s transition to an energy system powered by renewables that will serve the needs of Australians into the future.
UK's National Grid Cancels Notice of Tight Power Supply
Britain's National Grid cancelled a notice to back-up power suppliers that they might be called upon on Monday after supply forecasts improved. The company said earlier that power supply margins could be close to dipping below adequate levels during the peak demand period in the late afternoon. The automated alert was cancelled three hours later when updated forecasts showed a comfortable supply margin had been restored. Last month, National Grid said Britain's electricity supply would be tight this winter, but there would be enough power to meet demand due to emergency back-up capacity it procured last year.
Fortis Joins Energy Impact Partners Utility Coalition
Energy Impact Partners LP (EIP) today announced the addition of Fortis Inc. to its Nexus strategic partner network. Fortis joins Southern Company (NYSE:SO), National Grid plc (NYSE:NGG), Xcel Energy Inc. (NYSE:XEL), Ameren Corporation (NYSE:AEE) and Great Plains (NYSE:GXP) as strategic partners investing in innovative technologies to improve customer service, reduce costs and increase revenues. EIP is a private equity fund that invests in emerging technologies, products, services and business models across the full electricity supply chain from generation to consumption.
South Africa's Eskom gets new hydro plant fully linked to grid
Eskom hailed a milestone in its efforts to overcome South Africa's chronic electricity shortages on Sunday, saying it had linked up the last of four units at its new Ingula hydro-electric power plant to the grid. "We look forward to Ingula rapidly nearing commercial completion and meeting the 2017 deadline, thereby enhancing the security of Eskom's electricity supply to power South Africa into the future," Eskom's Chief Executive Brian Molefe said. Eskom, which has in the past been forced to impose power cuts to prevent demand surging past capacity, is scrambling to repair its ageing power plants and grid.
ABB, Solar Impulse - Clean Energy Future is Achievable
As Hawaii embarks on the complex transition from a fossil-fueled past to a clean energy future, Solar Impulse and ABB are proving that renewables are a reliable power source. By flying halfway around the world on solar power alone, Solar Impulse has already proven that it is possible to produce a stable, 24/7 electricity supply using only renewable energy. On the ground, ABB, a world leader in power and microgrid technologies, is helping remote communities and islands like Hawaii to meet and sustain their own energy needs by incorporating renewable and clean energy technologies into the power grid.
