Offshore Wind Power Emerges Out of Shadows Updated On Tue, Jul 30th, 2024 by Saurenergy The world of renewable energy is diverse, including solar, hydroelectric, geothermal, and biomass. Among these, wind power is among the most efficient and scalable clean energy sources. Offshore wind energy farms promise higher energy yields and are far from residential areas, reducing noise and visual impact. As technology advances and costs drop, offshore wind power […] Read more
Will Europe Give In To Rising Dominance of China in Global Wind Energy? Updated On Tue, Jul 23rd, 2024 by Saurenergy Wind energy is arguably the second most impactful industry in the global renewable world, after solar. The sector continued its impressive growth in 2023, setting a new record for global new wind turbine installations, 34 per cent higher than in 2022. The world installed added over 116 Gigawatt (GW) of new wind capacity during the […] Read more
Repsol, EDF Ink Deal For Offshore Wind Project In Spain & Portugal Updated On Fri, Jul 19th, 2024 by Saurenergy Repsol and EDF Renewables reached an agreement to join forces in view of the future offshore wind tenders in Spain and Portugal, given that the Iberian Peninsula offers significant growth opportunities. To develop its portfolio of renewable projects, the company has set an investment framework of between €3 and €4 billion net until 2027. Repsol […] Read more
Global Floating Wind Industry Reached 270 GW In FY24: IRENA Updated On Tue, Jul 16th, 2024 by Saurenergy While still in its infancy, the global floating wind industry reached approximately 270 MW of operational capacity as of 2023. However, the international pipeline indicates a growing interest with 244 GW of new floating wind projects in development. The latest International Renewable Energy Agency (IRENA) report on offshore wind power highlights its high-capacity factors and […] Read more
US Plans $65Bn Investment In Offshore Wind, But Faces Constraints Updated On Wed, Jul 10th, 2024 by Saurenergy The American Clean Power Association (ACP) released the 2024 Offshore Wind Market Report, which projected the clean power industry to invest $65 billion in offshore wind projects by 2030. This can support 56,000 jobs in the United States. There are currently 12 gigawatts (GW) of projects with active offtake agreements, including 4 GW under active […] Read more
MNRE Revises Rule For Micrositing Of Onshore Wind Turbines Updated On Mon, Jul 8th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently issued an amendment to the guidelines for onshore wind project development, updating the 2016 framework to emphasize optimizing energy production through precise micrositing of wind turbine generators. This amendment enables developers and investors to strategically place turbines within available land, fostering repowering and intercropping initiatives without […] Read more
Maersk Sets Up Maersk Offshore Wind To Provide Installation Support Updated On Mon, Jul 8th, 2024 by Saurenergy Denmark based Global Container Shipping and logistics major AP Moller Maersk has launched Maersk Offshore Wind, that will provide installation services to the offshore wind market based on a new and state-of-the-art offshore Wind Installation Vessel (Maersk WIV) concept. The firm claims that the design and concept are estimated to reduce the installation time of […] Read more
SolarinBlue Obtains €6 Million Public Funding For French Offshore Wind Project Updated On Thu, Jun 27th, 2024 by Saurenergy SolarinBlue’s offshore solar success story continues in the Mediterranean Sea. SolarinBlue, a French deeptech start-up, develops a floating photovoltaic solar solution specially designed for the maritime environment. SolarinBlue and its partners have secured major public support for their new pre-commercial demonstrator Méga Sète. Funding of 6 million euros has been granted by the French Government […] Read more
Govt VGF Scheme Can Support 36% Of Offshore Project Cost, Says CRISIL Updated On Thu, Jun 27th, 2024 by Saurenergy The Union Cabinet approval of the viability gap funding (VGF) scheme, with a total allocation of Rs 7,453 crore, is a boost for the offshore wind energy segment. It could trigger investments into a space developers have shied away from due to high cost, operational challenges, and offtake-related risks, according to CRISIL. This is a […] Read more
