Renewable Energy Targets News

A record year for building new wind farms and a rebound in investments in the sector have raised hopes that the EU may achieve its clean energy targets, industry group WindEurope said on Wednesday.In an annual report, WindEurope described 2023 as a year of "significant improvements" in key areas of Europe's wind energy sector, which struggled in 2022 with soaring inflation, interest rates and volatile energy markets after Russia invaded Ukraine.Investments in European offshore wind last year jumped to 30 billion euros, up from the scant 0.4 billion euros that were invested in 2022.

The U.S. government has recently announced plans to promote offshore wind, with a goal to have 30 gigawatts (GW) of offshore wind capacity installed by 2030, and a whopping 110GW of offshore wind by 2050. It has also committed to supporting the development of a sustainable local offshore wind supply chain, which is set to benefit from $136 billion expected to be spent on U.S. offshore wind development in the U.S. within this decade, as estimated by World Energy Reports. Still, it will take some time to build the local supply capacity, meaning foreign firms will benefit from the U.S.

Climate Fund Managers (CFM), the manager of the Climate Investor One facility (CI1), have announced that construction has begun of its 48MW near-shore wind farm in Tra Vinh province Vietnam.CI1’s Construction Equity Fund has committed USD 71 million to the project company, “Tra Vinh Wind Power Company”, which is jointly funded by Korean energy firm ST International. Vestas, the pioneering global supplier of wind turbines will act as EPC for the project.The collaboration makes use of ST International’s extensive knowledge of the Asian energy market, Vestas’s expertise in developing, constructing and operating wind power facilities, and CI1’s innovative end to end financing solution.As one of the fastest-growing Asian economies…

U.K. energy regulator Ofgem on Wednesday launched a £400 million tender for linking offshore wind farms in the North Sea to Britain's national power grid. Ofgem is calling for firms to construct high-voltage transmission links to connect the Westermost Rough wind farm owned by WMR Limited, part of DONG Energy, and the Humber Gateway wind farm owned by E.ON., to the grid, Ofgem said in a statement. The two sites have a combined capacity of 425 megawatts, while the successful bidders will receive a guaranteed revenue stream for 20 years, Ofgem said. Offshore wind farm developers are required by the regulator to open their transmission assets for tender to encourage competition and lower prices.

Leo Hambro, Commercial Director of Tidal Transit, has announced that the company has just placed an order for the manufacture of the third, in its potential fleet of ten, innovative wind farm crew transfer vessels. To be named Tia Elizabeth, this new vessel will be built to exactly the same high specification as its two sister craft, Ginny Louise and Eden Rose , apart from the fitment of a rear crane which can be used for the deployment of a rescue craft, such as an inflatable rib.

GL Garrad Hassan report examines offshore wind potential in Baltic Sea Region. The Baltic Sea has great offshore wind potential. The development of offshore wind resources will be vital for many of the Baltic nations, as they look to meet their commitments to boost renewable energy generation. GL Garrad Hassan, part of the GL Group's renewables business segment, has presented a new report outlining the potential for large scale offshore wind power deployment in the Baltic Sea Region (BSR). The report was sponsored by the Baltic Sea Region Energy Cooperation (BASREC), a Ministerial process designed to promote sustainable growth, security and prosperity in the region through the energy sector.

Hamburg, Germany – GL Garrad Hassan, part of the GL Group, has been awarded grants by the US Department of Energy (DOE) of $500,000 and $200,000 to fund two studies to identify optimal strategies for the installation, operation, and maintenance of offshore wind farms and to assess the readiness of US ports to meet the needs of the industry. To meet the renewable energy targets of the next century, offshore wind projects hold great promise with steady, strong winds, abundant space and low impacts. These benefits are not without their challenges, however, as developing offshore wind power projects requires significant investment, expertise and a reliable knowledge base.

The first ever ‘How to Build a Tidal Array in a Day’ seminar will be held on Tuesday 25th October during the RenewableUK 2011 conference and exhibition in Manchester. And industry delegates are being invited to participate in this unique interactive event to contribute towards making Tidal Energy a commercial reality and meet renewable energy targets. The one day seminar, a major initiative by RenewableUK together with five leading Marine Energy stakeholders, will examine the…