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TotalEnergies launches pilot project for floating wind turbine in North Sea

Global, News

TotalEnergies has initiated a pilot project to provide renewable energy to an oil and gas platform in the North Sea through a 3 MW floating wind turbine. The turbine will be located 2 km west of the Culzean platform, which is situated 220 km off the eastern coast of Scotland. It is expected to supply approximately 20% of the Culzean platform’s power requirements, supplementing the electricity generated by existing gas turbines. The floating wind turbine…

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Denmark delays North Sea Energy Island project due to rising costs

Global, News

Denmark has announced a delay of at least three years in constructing its North Sea Energy Island, citing rising costs and high interest rates. The artificial island is intended to serve as a hub for collecting and distributing electricity from offshore wind turbines, aiming to supply around three million European households with renewable energy. Danish Energy Minister Lars Aagaard stated that the investment cost for the energy island now exceeds DKr200 billion ($29.81 billion) and…

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Global offshore wind sector resilient, poised for growth

Global, News

Despite inflation and supply chain disruptions, the global offshore wind sector grew by 7% in 2023, with a projected 9% increase to over 11 GW by the end of 2024. Rystad Energy forecasts that global offshore wind installations, excluding mainland China, will exceed 520 GW by 2040. Europe will lead, especially in floating wind technology, accounting for over 70% of global floating installations. The UK, France, and Portugal are expected to add up to 90…

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Fraunhofer CSP launches IP protection project for solar PV companies

Global, News

The Fraunhofer Center for Silicon Photovoltaics (CSP) in Germany has introduced the IP Protection project to safeguard intellectual property for German and European solar PV companies as competition in the solar PV technology sector intensifies. The initiative aims to detect and legally prove patent infringements in solar PV technology, which has become increasingly challenging with rapid advancements in the field. Fraunhofer CSP is collaborating with partners to develop preparative and analytical processes that provide legally…

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Vestas wind turbine order backlog reaches 27 GW, valued at €28.1bn, in Q2 2024

Global, News

Vestas reported an increase in its wind turbine order backlog, reaching 27 GW and valued at €28.1 billion by the end of Q2 2024, up from approximately 20GW and €20 billion in Q2 2023. This growth reflects strong offshore order intake in Poland and Germany, along with robust onshore orders in the USA. The average selling price per MW rose from €1.04 million in Q2 2023 to €1.21 million in Q2 2024. Despite a 3.9%…

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Oklo partners with Siemens Energy to enhance nuclear power technology with advanced fission

Global, News

Oklo, a California-based clean power technology company specializing in nuclear fuel recycling, has entered into a preferred supplier agreement with Germany’s Siemens Energy. This partnership is aimed at supplying power conversion systems for Oklo’s Aurora powerhouse, aligning with Oklo’s objective to efficiently market advanced fission technology. This agreement, building on a previous memorandum of understanding, marks a significant milestone for Oklo, enhancing its ability to scale production, improve cost efficiency, and expedite deployment in response…

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RWE secures 4 GW offshore wind sites in North Sea for €250 million

Global, News

RWE has secured two offshore wind sites in the North Sea, with a combined capacity of 4 GW, in the latest auction held by the German Federal Network Agency. The sites, N-9.1 and N-9.2, are located between 110 km and 115 km northwest of Borkum island, near the Dutch Exclusive Economic Zone. RWE’s winning bid for these sites amounted to €250 million. Each site is capable of supporting offshore wind farms with a capacity of…

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China files WTO complaint over EU tariffs on electric vehicles

Global, News

The Chinese government has filed a complaint with the World Trade Organisation (WTO) in response to the European Union’s (EU) imposition of tariffs on electric vehicles (EVs) made in China. The provisional tariffs, ranging from 17.4% to 37.6%, come on top of an existing 10% duty on Chinese auto imports. The EU argues that Chinese EV manufacturers benefit unfairly from government subsidies, enabling them to sell vehicles at artificially low prices, a claim China disputes….

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Greencoat Renewables acquires 50% stake in South Meath solar farm in Ireland

Global, News

Greencoat Renewables has acquired a 50% stake in the 80.5 MW South Meath solar farm in Ireland, partnering with Schroders Greencoat, which holds the remaining stake. An unnamed technology company has secured a long-term power purchase agreement (PPA) for the farm’s entire output. This acquisition, a key investment in Ireland’s renewable energy infrastructure, follows Greencoat’s recent purchase of a 22.5% share in Germany’s Butendiek offshore wind farm.

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Obton acquires Japanese solar developer BCPG for $292 million

Global, News

Danish solar investment company Obton has completed the acquisition of Japanese solar developer BCPG and its extensive project portfolio for DKr2 billion ($292 million). This acquisition significantly strengthens Obton’s presence in Japan’s solar energy market, where it already operates a solar portfolio with a total capacity of 400MW, placing it among the top ten operators in the country. BCPG is renowned for developing and operating renewable energy projects, and this strategic acquisition aligns with Obton’s…