South Korea curbs plans for renewables in push for more nuclear
South Korea will boost nuclear power generation and downgrade its plans for renewable energy as the nation overhauls its electricity mix to meet emissions reduction targets.
wind
Low-carbon investments to rise by $60bn in 2023 as hydrogen and CCUS spending surges
Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments, but helped by a significant rise in funding for hydrogen and carbon capture, utilisation and storage (CCUS) infrastructure, Rystad Energy research shows.
Forrest adds CWP’s energy assets in $2.7bn Australia renewables rush
Billionaire Andrew Forrest agreed to acquire Partners Group Holding AG-backed CWP Renewables Pty for about a A$4 billion ($2.7 billion) valuation, extending a rush of deal-making focused on Australia’s accelerating shift to cleaner energy.
Power hungry India seeks developers for 4GW of offshore wind power
The government of India has kicked off plans for offshore wind by releasing a consultation paper to call for bids to lease 870 square kilometres of seabed area in the power hungry South Asian nation.
India mulls plan to keep old power plants running for longer
India is discussing a plan to keep old power stations running for longer, arguing that they’re needed to meet demand until enough energy storage can be built.
World Bank eyes huge offshore wind potential in Sri Lanka
Sri Lanka’s offshore wind resource far exceeds the South Asian nation’s energy demand, and its development could help the country’s economic recovery by displacing costly fuel imports, according to the World Bank.
Vietnam nears $11bn deal to shift economy from coal
Vietnam is set to follow Indonesia and South Africa with a climate financing package of at least $11 billion to shift its economy away from coal and boost the rollout of renewable energy sources.
Decommissioning security for offshore wind projects poses serious questions
Financial security in relation to decommissioning oil and gas installations has long been a hot topic for our industry.
Siemens Gamesa hires China yard for UK offshore wind project
Chinese yard Dajin Offshore Heavy Industry will supply wind towers for Ocean Winds’ Moray West offshore wind farm in Scotland after winning a subcontract from Siemens Gamesa.
DNV wins deal for South Korea’s largest offshore wind farm
DNV, the independent energy expert and assurance provider, has been appointed by Elenergy, a Korean renewable energy development company, as owner’s engineer for its 1.5 GW fixed-bottom Chujin offshore wind project.
Orsted appoints new manager for strategic push in frontier Japan wind market
Henriette Holm will be Ørsted (CPH:ORSTED) Japan’s new country manager bringing her extensive experience of heading up project development in the UK, including the world’s largest offshore wind farm, as the company seeks to strengthen its team in the exciting frontier wind market.
Chinese city plans offshore wind farm that could power Norway
A city in southern China is planning an offshore wind farm bigger than all of the power plants in Norway combined.
Maersk Training and GiraffeWork establish wind industry training center in Japan
Maersk Training and GiraffeWork have recently signed a collaboration agreement, at the Royal Danish Embassy in Tokyo, to establish a training center for the wind industry in Japan, offering courses in accordance to the Global Wind Organisation (GWO).
Siemens Gamesa wins its largest offshore wind deal in Taiwan
Siemens Gamesa and Hai Long Offshore Wind Project signed two agreements at the Energy Taiwan trade fair in Taipei on Thursday marking Siemens biggest deal in the country.
Japan offshore wind offers huge opportunities with vast potential
Major offshore wind developers, including bp (LON:BP), RWE Renewables, Equinor (OSLO:EQNR), Orsted (CPH:ORSTED), Shell (LON:SHEL), and TotalEnergies (LON:TTE), are excited by the huge offshore wind potential in energy-short Japan, delegates heard at the Japan Wind Energy 2022 conference in Tokyo.
Aberdeenshire wind farm delivers cash windfall to Parkmead as power prices surge
A 250% surge in the price of power has delivered a cash boost to Parkmead Group (LON: PMG) at its wind farm in Aberdeenshire.
THREE60 commits to wind market with acquisition of Orkney-based specialist
THREE60 Energy, of Aberdeen, has cemented its presence in the wind market with the acquisition of an Orkney-based maintenance and services specialist.
Nearly half of UK offshore wind capacity owned by foreign governments
Nearly half of UK offshore wind capacity is controlled by state-owned or majority state-owned foreign entities, according to a new report.
Billionaire bets on renewables in biggest 2022 Philippine IPO
Philippine billionaire Enrique Razon made his fortune operating ports and running casinos. His next target is the country’s nascent renewables industry.
IEA says Indonesia needs to invest $8bn per year on energy transition
To hit its 2060 net zero pledge, Indonesia will need to almost triple energy investment by 2030, the International Energy Agency (IEA) said in its latest report. That means an extra $8 billion in investment a year by the end of this decade compared with a business-as-usual pathway.
Turbine collapse in Wales chalked up to ‘overspeed’
A 300ft wind turbine in South Wales collapsed in 50mph winds causing it to "overspeed", snapping its blades.
Japan Wind Energy 2022
Japan Wind Energy 2022 Premium Wind Power Business Platform in Japan
Shell weighs Australia wind expansion amid clean energy push
European oil major Shell is looking at expanding its wind-power business in Australia as it eyes options offshore and diversifies away from fossil fuels. Significantly, Australia’s offshore wind sector remains at a nascent stage of development.
Japan’s JERA to buy 35% share in Vietnam renewable energy firm for $112m
Japan's biggest power generator JERA said on Tuesday it will spend about 15 billion yen ($112 million) to buy a 35.1% share in Vietnamese renewable energy company Gia Lai Electricity JSC (GEC) to expand its overseas business.
Shell and Nickel Asia team up for renewable energy in Philippines
Shell (LON:SHEL) has signed a collaboration agreement with Nickel Asia's renewable energy subsidiary, Emerging Power (EPI), to jointly develop, own, operate, and maintain renewable energy assets in the power hungry Philippines.