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Amazon invests in Greece’s largest wind energy project with three wind farms

Global, News

Amazon has announced its entry into utility-scale wind energy in Greece with a €496 million investment in three wind farms, marking its largest renewable energy initiative. The investment involves four power purchase agreements (PPAs) covering the Vermio North and Vermio South wind farms in Macedonia and the Mesokorfi and Koukouras wind farms in the Peloponnese region. Construction is underway, with power generation expected to begin by 2026. Together, the wind farms will produce enough carbon-free…

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TechnipFMC and Prysmian collaborate for floating offshore wind energy solutions

Global, News

TechnipFMC and Prysmian have entered into a partnership to deliver a comprehensive solution for floating offshore wind projects, integrating expertise from the seabed to the ocean surface.  This collaboration combines TechnipFMC’s proficiency in dynamic offshore system design with Prysmian’s leadership in submarine power cable systems. The agreement aims to streamline project delivery through a full engineering, procurement, construction, and installation (EPCI) model, optimizing mooring, anchoring, and both inter-array and export cabling systems. This integrated approach…

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RWE signs PPA with Rivian for EV fast-charging network with Texas wind energy

Global, News

German energy company RWE has entered a 15-year power purchase agreement (PPA) with electric vehicle manufacturer Rivian to supply renewable energy from its upgraded 127MW Champion Wind project in Nolan and Mitchell counties, West Texas.  This agreement will support Rivian’s Adventure Network, enabling renewable energy-powered fast charging for its EVs and contributing to the company’s goal of achieving carbon neutrality. Champion Wind, initially launched in 2008, is undergoing a major upgrade to extend its lifespan,…

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Vestas and Fortum settle arbitration over Russian wind energy projects

Global, News

Danish wind turbine manufacturer Vestas and Nordic energy company Fortum have settled their arbitration dispute regarding wind energy projects in Russia. Both parties agreed to drop all past, present, and future claims, with the settlement terms remaining confidential. The dispute began in 2022 when Fortum initiated arbitration at the International Chamber of Commerce in Stockholm. Fortum sought more than $218 million (€200 million) in compensation from Vestas for payments made on wind projects in Russia…

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RWE partners with Port of Setúbal to develop logistics hub for floating offshore wind energy in Portugal

Global, News

RWE is collaborating with the Port Authority of Setúbal in Portugal to develop a logistics hub for floating offshore wind energy. The partnership aims to explore the port’s potential to become an industrial hub for marshalling, assembly, and deployment of components such as floating substructures and mooring systems, crucial for floating wind projects. Given Portugal’s deep waters, high wind speeds, and 2,500km coastline, the government sees floating offshore wind as a key renewable energy source….

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Tamil Nadu issues RePowering, Refurbishment and Life Extension Policy 2024 for wind energy

India, News

Tamil Nadu has introduced the RePowering, Refurbishment, and Life Extension Policy 2024 for wind energy generators (WEGs), effective until March 31, 2030. The policy mandates that all WEGs completing their 20-year operational life must undertake repowering, refurbishment, or life extension projects, while participation remains voluntary for others. Projects connected to the state transmission utility (STU) will be implemented through the state nodal agency. WEGs opting for repowering will have 18 months for execution, while refurbishment…

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Waaree Renewable incorporates subsidiaries for solar and wind energy projects

India, News

Waaree Renewable Technologies Limited has established two wholly owned subsidiaries, Sunsational Solar Private Limited and Sunsational Energy Private Limited. These subsidiaries will focus on the generation, transmission, distribution, and sale of electricity from non-conventional energy sources like solar and wind power. In addition to developing and operating power plants, the subsidiaries will provide engineering, procurement, and construction (EPC) services for renewable energy projects across India. They also plan to develop solar parks and renewable energy…

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BOEM announces second offshore wind energy sale in the Central Atlantic

Global, News

The US Bureau of Ocean Energy Management (BOEM) has initiated the process for a second regional offshore wind energy sale in the Central Atlantic, called Central Atlantic 2. This initiative invites public input on potential commercial wind energy development off the coasts of New Jersey, Delaware, Maryland, Virginia, and North Carolina. Building on the groundwork from the inaugural Central Atlantic lease sale on August 14, 2024, the Central Atlantic 2 Call marks a preliminary step…

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PFC secures JPY 25.5 billion loan from JBIC for wind energy project in Karnataka

India, News

Power Finance Corporation (PFC) has secured a long-term loan of JPY 25.5 billion from the Japan Bank for International Cooperation (JBIC) under its ‘Global Action for Reconciling Economic Growth and Environmental Preservation’ (“GREEN”) initiative. The loan, co-financed by Sumitomo Mitsui Banking Corporation and other Japanese banks, will support a 300.3 MW wind energy project by Ostro Kannada Power Private Limited (OKPPL) in Karnataka, India. JBIC will also provide a guarantee for the portion of the…

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Octopus Energy and Skyborn prequalified for French offshore wind tender

Global, News

Octopus Energy Generation, in partnership with Skyborn Renewables, has been selected by the French government to participate in the ninth offshore wind tender. The winners are expected to be announced in late 2025. Skyborn Renewables brings over 20 years of offshore wind development experience, including the recent commissioning of the 500 MW Fécamp wind farm in partnership with EDF Renewables, Enbridge Inc., and Canada Pension Plan Investment Board (CPP Investments). Skyborn also has another offshore…