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Energy Transition

Latest UK Seabed Leasing Risks Raising Costs of Offshore Wind: WindEurope

On February 8, 2021, the Crown Estate announced the results of its Round 4 seabed leasing for offshore wind in the UK. The Offshore Wind Lease Round 4 allocated areas for developing nearly 8 GW of capacity. This is too little new capacity considering the huge ambitions the UK Government has to quadruple its offshore […]

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Budget 2021 Reactions. Industry Welcomes Broad Direction, Hopes For Specifics

The Union Budget 2021, for all its usual detractors, has been welcomed in more ways than one. While the stock markets seem to have welcomed the bold moves to junk fiscal limitations and go for high spending to revive the economy, the industry has welcomed it for more reasons. One couldn’t help but notice during […]

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Statkraft and Aker Offshore Wind explore project opportunities in Norway

Statkraft, Europe’s largest renewable energy producer, Aker Offshore Wind and Aker Horizons have signed a cooperation agreement to explore offshore wind project opportunities in Norway. The companies will combine their strong, complementary skills and expertise to work together to explore the possibility to develop, operate and deliver power from commercial-scale offshore wind facilities in Norway. Last year, the Norwegian government announced it will open for applications for licenses for the development of wind power in […]

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India Signs Strategic Partnership Agreement With the IEA

The Framework for Strategic Partnership between the IEA members and the Government of India was signed on Jan 27. The Framework for Strategic Partnership between the International Energy Agency (IEA) members and the Government of India was signed on January 27, 2021, to strengthen mutual trust and cooperation, and enhance global energy security, stability and […]

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Siemens Gamesa 5.X Platform Picks up Speed with 81 MW Move into Finland

Siemens Gamesa has struck an 81 MW deal with long-term customer Suomen Hyötytuuli Oy to supply its most powerful onshore wind turbine, the SG 5.8-155 model, marking a first take up of this new technology in Finland. In total, 14 turbines with a 155-meter rotor will be supplied to the Alajoki-Peuralinna site in central Finland, […]

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Taaleri SolarWind II Fund Invests in two Wind Farms in Poland Worth 51.4 MW

Taaleri SolarWind II fund invests in two ready-to-build wind farms in Poland with a combined capacity of 51.4 MW The Taaleri SolarWind II fund has, together with Masdar, one of the world’s leading renewable energy companies, acquired 100% ownership of the Mlawa and Grajewo wind farms. The wind farms are located in Northern Poland in […]

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Urgency of Meeting Electricity Demand in China From Zero-Carbon Sources: Report

A new report has highlighted both the opportunity and urgency of meeting electricity demand growth in China from zero-carbon sources. On September 22, 2020, President Xi Jinping announced that China will strive to peak emissions before 2030 and achieve carbon neutrality before 2060. This new climate pledge is a critical step forward in the global […]

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New York Awards Equinor and bp 2490 MW in Offshore Wind Contracts

Equinor and bp have been selected to provide New York State with offshore wind power in one of the largest renewable energy procurements in the US to date. Equinor, along with incoming strategic partner bp, has been selected to provide New York State with offshore wind power in one of the largest renewable energy procurements […]

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