AMSTERDAM: A subsea power line set to link the networks of Denmark and the Netherlands reached the Dutch coast on Friday as part of plans to share excess electricity from wind farms and other sources. The 325 km (202 mile) long COBRAcable, short for Copenhagen, Brussels and Amsterdam, has a ...
Denmark-based Orsted, which aims to become a global leader in offshore wind energy, has closed two transactions in the past four months to expand in the U.S.
Orsted stated that the newly combined entity, Orsted US Offshore Wind, will form an offshore wind platform that can deliver clean energy to every coastal state across the The post Orsted acquires Deepwater Wind for $510m appeared first on Compelo Energy.
More Demand, Lower Clean Energy Generation Push Power Prices In Sep: Ind-ra | Business Standard News
To meet the short-term power requirement, 5,725 MUs were traded on the Indian Energy Exchange in September 2018, up 44 per cent m-o-m and 40 per cent y-o-y.
Spain's Iberdrola, an electricity generation company, sold $929 million of hydro and gas-powered assets in the U.K. to increase its wind capacity there.
Scottish Power has ditched fossil fuels for electricity generation and switched to 100% wind power, by selling off its last remaining gas power stations to Drax for more than PS700m.
Siemens Gamesa is implementing wind farm projects in the coming seven years with investments amounting to EUR2bn. Ayman Saad, executive director of Siemens Gamesa, told Daily News Egypt that the company received land from the New and Renewable Energy Authority (NREA) to establish a 180 MW wind farm in Ras Ghareb, and a 650 MW wind farm in the Gulf of Suez, while negotiations are still ongoing to obtain more land to continue projects of 2,000 MW in total. (c) 2018 Daily News Egypt. read more.
Orsted will acquire Deepwater Wind for $510 million, making the Danish wind power giant a leading player in the European competition to capture the fast-growing U.S. offshore wind market. Monday's deal, if approved by regulators, will create a U.S. subsidiary called Orsted North America that has a combined 8.8 gigawatts of projects in development up and down the East Coast. That's a significant share of the 10 gigawatts of offshore wind capacity being planned for the region. Deepwater Wind owns the first U.S. offshore wind farm, the 30-megawatt Block Island farm off the Rhode Island coast, which came online in 2016.
The investment allows Macquarie to join the project consortium that includes Intercontinental Energy, Vestas and CWP Energy Asia. The consortium is developing the renewable project hub, which will The post Macquarie to invest in 11GW Australian renewable energy hub appeared first on Compelo Energy.
China Takes Lead As The World Prepares To Install More Than 1 Trillion Watts Of Clean, Renewable Energy By 2023 - Ibtimes India
Regardless of renewable energy expanding its global power yield to 30 percent by 2023, increasing coal generation in Asia implies that fossil fuel will remain the most significant source of energy in the world.