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Vestas Helps Unlock Vietnamese Wind Energy Project Through Innovative Financing Structure

The solution can – with some modifications – easily be applied to other developing/emerging wind energy markets. With emerging markets looking to renewable energy to fuel their growth, securing competitive financing solutions play a key role in ensuring projects achieve attractive financial returns. With challenges associated with project bankability, the cost of local lending, and […]

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Global Offshore Wind Capacity to Cross 81 GW by 2024

The global offshore wind energy market is expected to exceed more than 81,000 MW by 2024, growing at a CAGR of more than 25% in the given forecast period. A report by Market Research Engine said that the major driving factors of offshore wind energy market are its various advantages over its onshore counterpart is […]

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Suzlon Wins IMC Ramakrishna Bajaj National Quality Award

Suzlon Global Services Limited (SGSL), has won the 1st Prize for Service category at the prestigious IMC Ramkrishna Bajaj National Quality Award 2018. Suzlon Global Services Limited (SGSL), a 100% subsidiary of Suzlon Energy Ltd. won the 1st Prize for Service category at the prestigious IMC Ramkrishna Bajaj National Quality Award 2018. The stringent assessment […]

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ReNew Power Concludes $375 Mn Green Bond Issue

The capital raised through the green bond issue will be utilised for refinancing of outstanding external commercial borrowings and as Capex in eligible green projects. ReNew Power Limited, one of India’s largest renewable energy Independent Power Producer (IPP) has successfully concluded a green bond issue of US$ 375 million. The five-year non-call two notes were […]

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Greenko ropes in Siemens for 46% stake in Poovani Project

German power and energy major Siemens confirmed on Monday that its financial services arm has picked up 46 percent stake in Greenko Group’s 200 MW Poovani wind power project in Tamil Nadu for an undisclosed amount. Its financial subsidiary Siemens Financial Services (SFS) has signed a definitive agreement with Greenko Group for the 46 percent equity investment, making […]

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Nordex Bags Orders in Luxembourg and Italy

European wind energy major, Nordex group has received its first order from Luxembourg, for a 23 MW project. The manufacturer will be supplying seven N131/3300 turbines for the “Wincrange” wind farm. The customer is PW34 S.a.r.l., a project development company based in Derenbach. In addition, the Nordex Group has concluded a Premium Service Agreement covering […]

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Iberdrola and IFIT Back RE in the Canary Islands to Contribute to Energy Transition

The commissioning of their first wind farm in the islands is an example of a model to be followed: competitive and sustainable energy developed by local partners and world-class developers, that creates jobs and contributes to communities. Iberdrola and its local partner Inversiones Financieras Isla de Tenerife (IFIT), are backing the development of renewable energy […]

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Ørsted and Northumbrian Water Sign UK’s First Offshore Wind Corporate PPA

The Corporate PPA will deliver approximately 100GWh per year of renewable electricity from the offshore wind farm to Northumbrian Water consumption sites. Ørsted has signed a long-term agreement with the Northumbrian Water Group that will see the water company take almost a third of its renewable energy demand from Race Bank offshore wind farm. The […]

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Siemens Gamesa to Supply 21 MW Wind Turbines in First Deal With SPIC China

Siemens Gamesa has secured its first landing of SG 3.X platform in China, supplying six units of its SG 3.4-132 wind turbines with a flexible power rating of 3.65 MW. Siemens Gamesa Renewable Energy (SGRE) reached an agreement to supply six SG 3.4-132 wind turbines with a flexible power rating of 3.65 MW to a […]

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