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Sumitomo dives into French offshore market
Sumitomo Corporation has acquired a 29.5% interest in a joint venture (JV) developing two French offshore wind farms with a combined capacity of just under 1GW.
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Policy vacuum dents long-term confidence
The lack of any coherent federal energy or climate policy beyond 2020 is damaging investor confidence in Australia, according to a new industry survey following a record year for activity.
Prices fall 15.7% in latest Greek tender
Prices dropped to €58.58/MWh in Greece's second wind power auction this year, highlighting investors' confidence in the market, according to analysts.
Second Kenyan site reaches financial close
Just like London buses, after waiting ages for one, two come along. Private investment firm Actis has completed financing on the 100MW Kipeto project in Kenya, for what will be the second wind site in the country.
'BOEM should capitalise on Massachusetts success'
All the reaction from the latest US leasing round, as the head of a US offshore lobby group suggests the Bureau of Ocean Energy Management (BOEM) should capitalise on the success of the record-breaking bids for lease areas off the Massachusetts coast and fast-track further auctions.
Zinke quits Interior amid ethics probes
US Secretary for the Interior, Ryan Zinke, will resign from the role at the end of December following a series of ethical scandals.
Hitachi buys major stake of ABB unit
Japanese technology giant Hitachi has announced plans to acquire an 80.1% stake in ABB's power and grids business for an estimated JPY 704 billion ($6.4 billion), with the option to buy the remainder.
Falling Capex makes Russia competitive
Capital expenditure (Capex) for the construction of wind farms in Russia has significantly declined in recent years, and is now competitive with the rest of the world, senior officials at the Russian Ministry of Energy and renewable energy analysts claimed.
Germany puts 700MW up for grabs
Germany's Federal Network Agency (BNA) has opened the process for what will be the first wind tender of 2019, with a bid deadline of 1 February.
BOEM 'blown away' by offshore lease bidding frenzy
Records were shattered as operators bid a combined total of $405 million to secure three lease areas for offshore wind development off Massachusetts. Equinor, Vineyard Wind and Mayflower Wind Energy were the last names standing.
More French wind will mean cheaper electricity
Large-scale deployment of wind and solar capacity, combined with progressive closures of nuclear plants, is the best way to reduce the cost of electricity, according to a new report by the French Environment and Energy Management Agency (Ademe).
Germany installation growth hits the buffers
Germany's onshore wind sector hit "negative growth" for the first time in July with a record low of just 22MW added, compared with 35MW of decommissioned, reported onshore wind agency FA Wind (Fachagentur Windenergie an Land), with only 4GW left in the permitted pipeline.
'Volatile market conditions' in Portugal need reforming
Electricity market reforms are key to achieving the Portuguese government's 2040 target of producing 90% of energy demand from renewables, according to a report commissioned by the Portuguese renewables lobby Apren.
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Opinion
Growth slowing at crucial time
Traditionally there is a flurry of activity towards the end of the calendar year, particularly in the US, as developers race to meet various tax relief and support deadlines for new wind projects.
Wind atlases no substitute for on-ground experience
Atlases and the maps they contain have been used for hundreds of years as a means of navigating the unknown. Wind atlases serve the same purpose. They are designed to help stakeholders identify locations of high wind speeds and understand the overall potential for wind development in an area.
Analysis: UK keeps a tight rein on offshore expansion
UK: Draft plans for the UK's next contracts for difference (CfD) budget for offshore wind may show a reduced ambition but there are still positive signals.
FINANCE
In Depth
Measurable power gains found in multi-rotor Vestas concept
Vestas is dismantling its multi-rotor concept after a two-and-a-half-year testing and validation campaign, in which the Danish manufacturer observed many technical benefits from the four-turbine prototype including a 1.5% power gain.
Success for clean energy advocates in US elections
Climbing a wind turbine was a key image of Michelle Lujan Grisham's successful campaign for election of governor in New Mexico in the US midterm elections
WindEconomics: Renewables lead the way in Germany
GERMANY: An authoritative report from the German Fraunhofer Institute confirms that wind and solar are now cheaper than all other electricity-generating technologies. In Germany, the most productive solar plants are slightly cheaper than the most productive wind farms.
Star-studded climate conference comes up short
UNITED STATES: The great and the good convened in San Francisco to discuss ways and means of combating climate change at a conference that was long on ambition and aspiration but short on practical answers.
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