Wind Power

The National Offshore Wind Research and Development Consortium today announced that it has selected two teams for contract negotiation as part of its continuing solicitation for wind research and development (R&D) technology projects. The two awards total $1,865,000 and will support development of lower cost turbine support structures, alternatives to heavy lift installation vessels, and...
Wind Power

Prysmian Group has announced the commissioning of the high-voltage direct current (HVDC) offshore grid connection project DolWin3, off the German North Sea coast. Prysmian, a global energy and telecom cable systems group, secured this project in February 2013, with a contract awarded by Alstom Grid (now GE Grid GmbH) on behalf of the Dutch-German grid...
Offshore

New Jersey-based utility holding company Public Service Enterprise Group (PSEG) is negotiating with Danish energy infrastructure firm Ørsted about investing in an offshore wind project. PSEG is exclusively talking with Ørsted about taking a 25 percent stake in Ocean Wind. It is a planned 1,100-MW farm which would be 15 miles off the coast of...
Wind Power

Francois de Beaupuy, Bloomberg French floating wind farm developer Eolfi SA is seeking new investors to fund the next stage of its expansion, people familiar with the matter said. Alain Delsupexhe, the founder and main shareholder of Eolfi, is seeking bids for the business and the process is at an advanced stage, the people said,...
Solar

The Circular on the Budget of the Central Government Fund for 2019 released by Ministry of Finance of China reveals that the budget for additional income from electricity prices for renewable energy in 2019 was 83.5 billion yuan (approx. US$11.8 billion), an increase of 4.89 billion yuan (approx. US$690 million), or 6.2 percent from the...
Solar

State-owned buildings and facilities in Virginia will soon be powered with solar and wind energy under a new agreement between the Commonwealth and Dominion Energy. The agreement represents the largest procurement of renewable energy by a state to meet its own renewable energy needs, a significant step in accepting Governor Ralph Northam’s challenge to power state government with clean...
Wind Power

Many climate scientists warn that if we don’t change course the planet will warm by as much as 6 degrees Celsius, according to an article prepared by NASA’s Jet Propulsion Laboratory. If that happens, the World Bank Group predicts there will be more than 100 million climate refugees by 2050.  Capitalism and Climate Firmly rooted...
Offshore

By Mikael Holter, Bloomberg Equinor ASA made a final decision to invest in floating wind turbines to power offshore oil platforms off Norway after the government agreed to subsidize a large part of the cost. Hywind Tampen will cost a total of almost 5 billion kroner ($550 million), it said in a statement on Friday. That’s in line...