Vena Energy Secures Shinsei Green Loan for Construction of 46.8 MW Nakasato Wind Project


Vena Energy, Asia-Pacific’s leading renewable energy company, announced that it has secured a green loan from Shinsei Bank for the construction of the “Nakasato” Wind Project, which has an installed capacity of 46.8 MW, and a grid capacity of 36 MW. Dubbed the “Shinsei Green Loan”, the financing comprises a JPY14.478B term loan and aligns with Vena Energy’s Green Financing Framework established in 2018, as well as the Shinsei Green Finance Framework formulated in May 2020.

The Nakasato Wind Project is expected to achieve commercial operations in the first quarter of 2022 and consists of 13 wind turbines spanning an area of 24 hectares. The Project is constructed by a peak workforce of 200 local workers and will be capable of supplying around 22,000 households with clean renewable energy on a yearly basis. Compared to thermal energy generation, the Nakasato Wind Project will also reduce approximately 61,000 tonnes of greenhouse emissions, while saving up to 87 million litres of water annually.

“Sustainability is at the heart of Vena Energy’s corporate strategy. We are determined to contribute to the energy transition, the decarbonisation of the economy and the fight against climate change through the generation of wind and solar power and the provision of clean energy storage,” said Juan Mas Valor, Head of Vena Energy Japan. “The Shinsei Green Loan will contribute to delivering the Nakasato Wind Project and support our efforts to sustain the environment, the biodiversity and the people of the Aomori Prefecture.”

“Shinsei Bank incorporates the concepts of sustainability and social impact into our business,” said Hirofumi Kusakabe, Managing Executive Officer, Head of Group Structured Solution at Shinsei Bank. “This transaction, which represents that the Nakasato Wind Project has been developed with due consideration for the environment and local communities and is going to provide environmental benefits in accordance with the Shinsei Green Loan assessment, is an important step in realizing our commitment to a sustainable future.”

Statkraft to Start Construction of 80 MW Wind Project in Brazil


Morro do Cruzeiro is a greenfield wind project, developed by Statkraft in Brazil. The project entails two wind farms, 14 turbines and a total installed capacity of 80 MW. The wind farms are located in the state of Bahia, close to Statkraft’s existing wind power assets. Given the excellent wind conditions in the area, the project will generate 386 GWh of renewable energy per year, enough to power more than 190,000 Brazilian homes.

The wind project is being implemented in accordance with Brazil’s strict environmental and social permitting and monitoring systems, and Statkraft’s international standards. The wind farms have limited land acquisition, no resettlement, low environmental impact and no impact on red-listed species. In addition, Statkraft will carry out Corporate Social Responsibility (CSR) activities for nearby communities, focused on education and infrastructure improvements.

Construction will start in June 2022, the first wind turbines are expected to start operation in October 2023 and completion is scheduled by beginning of 2024. The project will utilise the Nordex N163/5.7 MW wind turbine, the largest onshore wind turbines used by Statkraft to date. With a diameter of 163 meters, the rotors will cover an area equal to almost 3 standard football pitches.

The renewable energy generation from the wind farms will cover commitments from the public auction last autumn. Remaining energy will be sold in the free market.

“Statkraft’s ambition in Brazil is to be a significant developer and operator of hydro, wind and solar power. The Morro do Cruzeiro project brings us closer to achieving this,” says Country Manager Brazil, Fernando de Lapuerta.

“I’m very happy to see our teams develop such a competitive project inhouse. Construction of Morro do Cruzeiro is part of Statkraft’s growth strategy in Brazil and together with our 520 MW Ventos de Santa Eugenia project, this significantly contributes to reaching the Group-wide goal of developing 6 GW of wind power globally by 2025,” says EVP International Power, Jürgen Tzschoppe.

Brazil is mainly a hydropower country, while wind power now has a share of 11 percent of the total power generating capacity. Brazilian wind power installation is expected to grow from around 21 GW today to 32 GW by 2026, according to the Brazilian Wind Energy Association, ABEEólica.

Statkraft has been present in Brazil since 2012 and currently has a portfolio of 18 wind- and hydropower plants with a total installed capacity of 450 MW. The completion of the two wind projects Morro do Cruzeiro and Ventos de Santa Eugenia, currently under construction, will more than double the installed capacity to 1050 MW.

ACEN Adds 380 MW to Vietnam Grid in 2021


Transformational partnerships proved to be key to ACEN’s rapid renewables footprint expansion in Vietnam as the listed energy platform of the Ayala Group successfully switched on three new wind farms with over 380 MW of renewables capacity in 2021.

ACEN is on track to become the largest listed renewables platform in Southeast Asia with 5,000 MW of renewables capacity by 2025.

Leveraging on Vietnam’s strong wind resource potential, ACEN jointly developed wind projects with its partners in the country, whose impressive renewables growth remained unaffected by the pandemic. The projects, some of the most notable developments in Vietnam to date, aim to contribute to the country’s clean energy supply.

The 88 MW Ninh Thuan wind farm in South Central Vietnam commenced operations in September 2021 and is the second partnership between ACEN and the BIM Group. It is expected to produce 327 GWH per year, enough to power around 136,000 homes with renewable energy and help avoid 298,551 tonnes of CO2 annually.

The 252 MW Quang Binh wind farm, a collaboration with AMI Renewables in the North Central Vietnam, began commercial operations in October 2021. As one of the largest wind farms in Vietnam, it can produce around 648 GWh of renewable energy per year, enough to power 270,000 homes and help avoid 580,000 tons of CO2 annually. It also features wind turbines at a hub height of 145 meters.

In the same month, ACEN and partner, The Blue Circle, also switched on the 40 MW Mui Ne Phase 2 wind farm in Binh Thuan Province, South Vietnam. The wind farm features turbines that carry the largest rotor diameter for an onshore wind project in Asia at 158 meters, and are the first to use blades in two pieces assembled on site. This technology boosts efficiency and lower the cost of energy. Mui Ne wind farm is expected to avoid approximately 130,000 metric tons of CO2 emissions annually.

“We are pleased with the rapid progress that we have seen in our Vietnam projects. Powering three energy plants in 2021 was a significant accomplishment that we could not have achieved without the  collaboration with our partners and strong support from the government of Vietnam,” said ACEN President & CEO Eric Francia. “We will continue to actively participate in the green-led recovery and deliver on our Net Zero aspirations.”

Of ACEN’s six renewable energy projects in Vietnam, five are operational while the 60 MW Lac Hoa & Hoa Dong Wind in Soc Trang is expected to come online by Q1 2022. The wind project is a collaboration with partner UPC Renewables and will feature the tallest wind turbines in the country to date at a record hub height of 162 meters.

In the race against time and climate change, ACEN remains committed to help Vietnam reduce its dependency on fossil fuel and fossil imports and forge a cleaner, more affordable, and more dependable energy pathway. According to Nikkei Asia, Vietnam’s power demand is expected to reach 96 GW by 2025 as it becomes increasingly industrialized, and the rising middle class drives construction and consumption. Vietnam, which is among the countries most vulnerable to climate change, requires reliable power to support its national progress. By increasing its renewable energy sources, Vietnam could very well achieve its economic goals at net zero emissions by 2050.

Floating Energy Allyance Successful in ScotWind Tender


Floating Energy Allyance Secures Rights to Develop Major Floating Wind Project in Scottish Waters.

The Floating Energy Allyance has secured the rights to develop a floating offshore wind farm with an approximate capacity of 1GW off the northeast coast of Scotland through Crown Estate Scotland’s ScotWind leasing round, which concluded today (Monday 17 January).

The ‘option agreement’ is for the area designated NE8 in the Scottish Government’s Sectoral Marine Plan for Offshore Wind, which is located some 75km to the northeast of Fraserburgh on the Aberdeenshire coast.

The Allyance is a development partnership comprising BayWa r.e., a global renewable energy business with UK offices in Glasgow and Edinburgh; Elicio, an experienced Belgian offshore wind developer, owner and operator; and BW Ideol, a proven floating technology leader and international floating wind project co-developer.

The Allyance will now seek to re-engage with key stakeholders, step up environmental surveys and progress further work on the design as it moves towards developing detailed proposals for the project ahead of applying for consent.

FEA expects to enter into an Option Lease Agreement with CES by April 2022.

Responding to the award, Matthias Taft, CEO of BayWa r.e., said:

“We are delighted that the partnership’s unique breadth and depth of capability and expertise have been recognised by Crown Estate Scotland.

“We believe that our project will put the Floating Energy Allyance at the heart of Scotland’s offshore wind sector and also place Scotland at the very forefront of the global push to develop floating wind.”

Paul de la Gueriviere, CEO of BW Ideol, said:

“This award underlines the pertinence of our co-development model and shows once again how BW Ideol’s unique value proposition contributes to a winning and differentiating bid. We strongly believe that a credible execution and industrialization plan, accurate cost assumptions, a proven and bankable technology, and the option to manufacture our concrete floating foundations locally will contribute to our project’s successful execution.

“We will continue with our plans to create a manufacturing hub in the north of Scotland as illustrated by the strategic partnership agreement signed between BW Ideol and the Port of Ardersier in September 2021, and more generally to work to engage with the wider Scottish supply chain.”

Alain Janssens, CEO of Elicio, commented:

“Elicio has built significant expertise through our involvement in the development and operation of four offshore wind projects in Belgian waters, and we look forward to applying those lessons to the development of our ScotWind site.

“I would like to thank everyone across the partnership that has played a part in securing this exciting new chapter for Floating Energy Allyance and for Scotland’s offshore wind sector.”

Iberdrola Signs Agreement with Triconti ECC Renewables: Joins 5 Offshore Projects in Philippines


Iberdrola signs agreement with Triconti ECC Renewables, the Philippines’ largest independent wind developer, sealing an option to enter five offshore wind projects with up to 3.5 GW capacity.

Iberdrola continues its expansion in the Asia-Pacific region. It has signed an agreement with Stream Invest Holding AG, a Swiss renewable energy group, and Triconti ECC Renewables, the Philippines’ largest independent wind developer, securing an option to enter five offshore wind projects at very early stages of development.

All projects have secured a wind energy service contract from the Philippines Department of Energy and would be jointly developed by the companies.

Iberdrola would become a major, long-term renewable energy investor in the Asian country, contributing to local economic development, skills and job creation while helping the Philippines develop its clean energy market and meet its decarbonisation targets.

Iberdrola already operates offshore wind projects in the UK and Germany and is building and developing an approximately 35-GW-strong project pipeline in the UK, US, Germany, France, Poland, Sweden, Norway, Taiwan, Japan, Korea and Brazil.

This agreement showcases Iberdrola’s willingness to invest and unlock the massive renewables potential of the Philippines and help the country deliver its National Renewable Energy Program (NREP) for 2020-2040 which has set a target of 35% share of renewable energy in the power generation mix by 2030 and 50% share by 2040.

Trung Nam Launches $220 Million Offshore Wind Farm in Vietnam


According to Reuters, Vietnam’s leading renewables firm Trung Nam Group has launched its first offshore wind farm amid the Southeast Asian country’s drive for clean energy, the company said on Monday.

The 5 trillion dong ($220.17 million) farm in the southern province of Tra Vinh has 25 turbines with installed capacity of 100 MW, the company said in a statement.

Trung Nam said it would raise the total capacity of its renewable power plants to 3.8 gigawatts (GW) and LNG-to-power plants to 1.5 GW by 2025.

Vietnam is finalizing a master power development plan with a focus on renewables to meet its target to achieve carbon emission neutrality by 2050.

The country has said it aimed to double its installed wind and solar power generation capacity to 31-38 GW by 2030.

General Director of Trung Nam Group Nguyen Tam Tien believes that the plant is considered Trung Nam’s first step in the journey to cross the sea, demonstrating the group’s construction capacity, in implementing an offshore wind power project.

TotalEnergies, Green Investment Group and RIDG To Develop A 2 GW Wind Farm in Scotland


The joint venture between TotalEnergies (38.25%), Macquarie’s Green Investment Group (GIG) (46.75%) and RIDG (15%), a Scottish developer in offshore wind, successfully secured rights in the N1 area to develop a 2 GW offshore wind farm project in the ScotWind leasing round. The West of Orkney Windfarm will be located 30km off the west coast of Orkney in Scotland.

This project, which aims to start producing renewable power by 2030, represents potentially more than GBP£4 billion of investment. 

As part of this development, the partners will unlock a £140m initiative to support the development of the local supply chain, including the enhancement of ports and harbor infrastructure in Orkney and Caithness. This will ensure high levels of local content and actively promote employment and innovation in the region.

The consortium has already undertaken extensive site investigations, especially in relation to the environment, to ensure that the project fully meets its sustainable development objectives. The consortium has also finalized a grid connection agreement with National Grid.

Once built, the windfarm could also deliver renewable power to the Flotta Hydrogen Hub, a proposed large-scale green hydrogen production facility in Orkney.

Patrick Pouyanné, Chairman and CEO of TotalEnergies said: “We are very proud to have been awarded by Crown Estate Scotland the leasing rights to develop this offshore wind farm, TotalEnergies’ largest renewables project in Europe to date. This project, which will complement our traditional activities in Scotland, is a perfect example of the transformation of our Company. We will provide all our resources from our new UK Offshore Wind Hub in Aberdeen, which will draw on the expertise and supply chain of our oil and gas activities and on Scottish industry, all in close collaboration with the local communities. This project further demonstrates our commitment to the sustainable development of offshore wind and will contribute to our goal of reaching 100 GW of renewable generation capacity by 2030.”  

The West of Orkney Windfarm is the fourth major offshore wind project that TotalEnergies has embarked on in the UK since 2020. The Company now has interests in projects with around 5 GW of potential capacity under development and construction in the UK. These projects will come on stream between 2023 and 2030.  

Mark Dooley, Global Head of GIG, said: “We have been a long-term investor in the UK offshore wind sector, with an established Scottish footprint – and we are delighted that our commitment to these markets has been recognized. We believe this option agreement will be truly transformational for the wider Scottish economy, unlocking new ways to accelerate the transition to Net Zero and creating hundreds of green jobs. We look forward to working with our stakeholders and all the winning bidders to seize this new opportunity for Scotland.”

To date, Macquarie and GIG have supported more than half of UK offshore wind generation capacity in operation. GIG has invested in over 30 green energy projects in Scotland, supporting hundreds of sustainable Scottish jobs. 

Mike Hay, RIDG Director, said: “It’s fantastic that Crown Estate Scotland share our vision for the West of Orkney Windfarm, a project that has been designed specifically around this location to benefit local communities, transition Scottish workers from oil and gas into renewables, and to act as a catalyst for supply chain growth. Since submitting our bid we have continued to advance development and supply chain activities to ensure that we deliver on the objectives set out within it, and to maximize the economic opportunity from the expansion of offshore wind and green hydrogen in Scotland.”

Nordex Group Achieves Order Intake of 7.95 GW In Fiscal Year 2021


The Nordex Group recorded high demand in the fourth quarter of 2021 in line with expectations. Including another project in the United States in December for more than 180 MW, the Nordex Group achieved an order intake of 7.95 gigawatts (GW) in the year (2020: 6.02 GW). Orders included a total of 1,636 wind turbines (2020: 1,331 wind turbines). The fourth quarter accounted for 678 wind turbines (Q4 2020: 491) with a total capacity of 3.3 GW (Q4 2020: 2.3 GW). The share of efficient and competitive Delta4000 wind turbines amounted to 83 percent for the full year (2020: 81 percent).

Order intake in the 4th quarter 2021

Orders in the final quarter of 2021 (in MW) were distributed as follows: 52 percent, and thus the largest share was accounted for in Europe, 21 percent in the USA, and 27 percent in Latin America. The Delta4000 series with now seven different product types accounted for 88 percent of orders in the fourth quarter (Q4 2020: 81 percent).

Order intake in the fiscal year 2021

The Nordex Group received orders from 16 European countries in 2021. Overall, Europe accounted for 58 percent of total order intake. The largest individual European markets were Germany, Finland, France, Poland and Turkey. Latin America accounted for 21 percent of the order volume and in Australia (“Rest of the World” region) the Nordex Group achieved a share of 12 percent of total order intake with its largest single order in the Company’s history. The United States, and thus the North American region, accounted for 9 percent of orders.

“Order intake momentum in the fourth quarter of 2021 was, as we expected, very strong. Numerous orders from Europe and other core markets as well as the major order from Australia have helped us to build a strong order book in 2021. Provided the macro-environment evolves as encouraging as expected, we continue to see good prospects for our products, which stand for carbon-free electricity production,” says José Luis Blanco, Chief Executive Officer (CEO) of the Nordex Group.

Nordex Group Achieves Order Intake of 7.95 GW in Fiscal Year 2021


The Nordex Group achieved an order intake of 7.95GW in fiscal year 2021 (2020: 6.02 GW). Orders included a total of 1,636 wind turbines (2020: 1,331 wind turbines). The fourth quarter accounted for 678 wind turbines (Q4 2020: 491) with a total capacity of 3.3 GW (Q4 2020: 2.3 GW).

Orders in the final quarter of 2021 (in MW) were distributed as follows: 52 percent in Europe, 21 percent in the USA, and 27 percent in Latin America. The Delta4000 series accounted for 88 percent of orders in the fourth quarter (Q4 2020: 81 percent). The share of Delta4000 wind turbines amounted to 83 percent for the full year (2020: 81 percent).

Provided the macro environment evolves as encouraging as expected, we continue to see good prospects for our products, which stand for carbon-free electricity production,” said José Luis Blanco, Chief Executive Officer (CEO) of the Nordex Group.

The Nordex Group received orders from 16 European countries in 2021. Overall, Europe accounted for 58 percent of total order intake.

The Group has installed more than 37 GW of wind energy capacity in over 40 markets and in 2020 generated revenues of EUR 4.6 billion. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States, India and Mexico.

The product portfolio is focused on onshore turbines in the 4 to 6.X MW class, which are tailor-made for the market requirements of countries with limited space and regions with limited grid capacity.

Bp and EnBW Successful In ScotWind Offshore Wind Bid

  • Potential generating capacity of 2.9GW – enough to power more than 3 million homes
  • Expected to support up to £10 billion of investment in offshore wind development, skills and opportunities in hydrogen and EV charging 
  • Aberdeen to become bp’s global operations and maintenance centre of excellence for offshore wind

bp and EnBW have been awarded a lease option off the east coast of Scotland to develop a major offshore wind project — to be known as Morven. The award was made in the highly competitive ScotWind leasing round, the results of which were announced by Crown Estate Scotland today. 

The approximately 860kmlease is located around 60km off the coast of Aberdeen. The E1 lease is in an advantaged area, allowing the partners to develop it as a fixed-bottom offshore wind project with a total generating capacity of around 2.9 gigawatts (GW), sufficient to power more than three million homes.

“bp has a proud 100-year history in Scotland. We want to thank Crown Estate Scotland for the opportunity to now start a new chapter, helping Scotland continue as a global energy leader for the next 100 years.  We have a fantastic partner in EnBW and now an even more competitive portfolio of nearly 6GW of combined offshore wind to develop together.” Bernard Looney, chief executive officer 

The success of the bid is expected to unlock a number of investments across the country, as part of bp’s integrated energy company approach, leveraging its existing North Sea infrastructure, skills and relationships and EnBW’s experience in offshore wind. Along with the offshore wind development, these investments include significant expansion of electric vehicle charging infrastructure in Scotland and green hydrogen production. Together, these represent up to £10 billion of investment in support of offshore wind and Scotland’s energy transition.

bp chief executive Bernard Looney said: “bp has a proud 100-year history in Scotland. We want to thank Crown Estate Scotland for the opportunity to now start a new chapter, helping Scotland continue as a global energy leader for the next 100 years.  We have a fantastic partner in EnBW and now an even more competitive portfolio of nearly 6GW of combined offshore wind to develop together.

“Our plans go much further than just the turbines offshore. They see us investing in projects and in people — from EV charging to green hydrogen — aligned with Scotland’s energy transition plans.   “This is good business — making disciplined investments and demonstrating what an integrated energy company can do; we can’t wait to get to work.”

EnBW CEO Frank Mastiaux added: “In this close partnership we succeeded in a highly competitive field of bidders. Since the construction of the first German offshore wind farm in 2010 by EnBW, we have become a major player in offshore technology, even beyond Germany’s borders. We are therefore very pleased to be able to contribute our experience of developing and operating technically demanding offshore wind projects once again with our partner bp.  

“This success marks so far the largest development project in offshore wind for our company. And we are proud to contribute significantly to a climate-friendly energy future in Scotland, being one of the world’s largest markets for offshore wind power. “For EnBW this investment will be a cornerstone in our strategy to become CO2 neutral by 2035. The international and European targets to reduce the CO2 footprint can only be met by implementing large-scale renewable generation capacity. Offshore Wind in Scotland provides a perfect setting for achieving this goal.” 

As a result of the successful ScotWind bid, the partners will establish their operational center in Scotland, and bp will make Aberdeen its global operations and maintenance center of excellence for offshore wind, creating up to 120 new direct jobs.  It is expected to contribute up to £40 million per year to the economy.

The offshore wind development will include investments in infrastructure, ports, harbors and shipyards, including the construction of four ships to support EnBW and bp’s offshore wind projects across the UK, subject to technical and commercial due diligence. These new-builds will involve an investment of more than £100m and would be expected to support 500 associated jobs. It also triggers additional investment in Forth Ports, which are creating Scotland’s largest renewable hub at the Port of Leith, supporting up to 3,000 direct and indirect jobs in the Forth Estuary net-zero corridors. 

bp also intends to apply its integrated business model to use the clean power generated offshore to supply and significantly accelerate the expansion of its EV charging network in Scotland, to around 4,000 public chargers, by 2030. 

As part of bp’s commitment to support oil and gas workers through employment and opportunities for re-training and reskilling in renewables, bp and EnBW have already committed more than £1 million to X-Academy in Scotland in a five-year deal, supporting both reskilling experienced workers and the creation of entry-level energy transition roles.

Taken together, Morven will represent a significant contribution to the development of Scotland’s energy transition infrastructure, economy, and skills, creating new opportunities and long-term, high-quality jobs.

bp and EnBW: Successful partners in UK offshore wind

bp and EnBW are also jointly developing up to 3GW of offshore wind in the Irish Sea — the Morgan and Mona projects — in lease areas for development awarded in the UK’s Round 4 leasing round. Today’s award further demonstrates the partners’ commitment to developing efficient renewable energy for the UK. These offshore wind developments will be critical in supporting the Government’s target of producing sufficient offshore wind energy to power every UK home by the end of this decade.

bp’s strategy includes plans to increase low carbon investment to around $5 billion a year by 2030. Rapidly growing its renewables business is core to bp’s strategy — by 2030 it aims to have developed 50GW of net renewable generating capacity. bp currently has a global renewables development pipeline totaling 23GW net, and its share of this award will add to this.  

bp’s wider low carbon activities in Scotland include its Aberdeen city partnership, including an agreement to develop green hydrogen, and its memorandum of understanding (MoU) with Aberdeen Harbour to reduce emissions and provide low-carbon power. 

bp has been operating in Scotland for over a century, initially selling fuel and refining at the Grangemouth refinery. bp led the development of the North Sea, making the first commercial discovery of natural gas in 1965 and bringing the Forties field into production in 1970. Today, bp’s footprint in the North Sea is predominantly oil and gas, where we are focused on producing safe, reliable and cost-effective hydrocarbons with lower operational emissions in line with bp’s strategy. The company employs around a thousand staff based at its Aberdeen headquarters and offshore as well as supporting more than 10,000 indirect jobs in the Scottish economy. 

EnBW is one of the largest energy supply companies in Germany and Europe, with a workforce of some 24,000 employees. It supplies electricity, gas, water together with infrastructure and energy-related products and services to around 5.5 million customers. Installed renewable energy capacity will account for 50 percent of EnBW’s generating portfolio by the end of 2025. This is already having a noticeable impact in terms of reducing CO2 emissions, which EnBW plans to halve by 2030. EnBW aims to attain climate neutrality by 2035.

Further expanding renewables in Germany and selected foreign markets is a central element of EnBW’s growth strategy. Since the beginning of its corporate transformation in 2013, EnBW has invested economically successful nearly €5 billion in its Renewable Energies segment. Around another €4 billion is to be invested by 2025, primarily in further expanding wind and solar energy, meaning that a good 50% of EnBW’s generation portfolio will consist of renewables. EnBW was among the pioneers in offshore wind power with its Baltic 1 offshore wind farm in the Baltic Sea. In January 2020, the company took into operation Germany’s largest offshore wind power project, EnBW Hohe See and Albatros, with a combined capacity of 609 megawatts. The He Dreiht offshore wind farm with a capacity of 900 megawatts will be connected to the grid in 2025. He Dreiht will operate without any state subsidies.  

Scotland Awards Seabed Rights For Massive Amounts Of Offshore Wind, Most Of It Floating


The Crown Estate Scotland has announced the results of the “ScotWind” seabed tender. They auctioned 8,600 km² of sea space which could host almost 25 GW of offshore wind. 17 projects won. With 15 GW most of the capacity that will now be developed will be floating offshore wind. The system the Scots have used for awarding seabed leases ensures the new offshore wind farms will be delivered at the lowest cost for consumers and taxpayers.

The Crown Estate Scotland today announced the results of the ScotWind seabed tender. The tender was extremely popular. They received 74 bids for the 15 areas that were auctioned – which amount to 8,600 km² of sea space. They awarded 17 projects, which cover just over 7,000 km² and add up to a total capacity of almost 25 GW.

“The high competition for seabed rights shows just how attractive offshore wind development has become in Europe. And not only conventional bottom-fixed offshore wind. The tender is a huge breakthrough for floating offshore wind, with 15 GW of floating projects winning development rights”, says WindEurope CEO Giles Dickson.

The 17 successful projects have been offered option agreements that give them the right to develop offshore wind farms on specific areas of the seabed. They will pay an option fee to Crown Estate Scotland, as a one-off payment in exchange for these rights.

The option fees are much lower than in the UK’s recent Offshore Wind Lease Round 4. Scotland chose a more sensible tender design with a maximum price ceiling of £100,000/km². This has avoided bidding at very high prices – which keeps the costs of offshore wind low for consumers. As seabed leasing costs are usually passed on to the electricity consumer, a price ceiling ensures that new offshore wind volumes are delivered at the lowest cost for consumers and taxpayers.

Huge opportunity for Scotland’s industry

Currently, Europe only has three small floating offshore wind farms in operation. Two of them, the 30 MW Hywind Scotland project and the 50 MW Kincardine project, are already in Scotland. Today’s seabed tender could bring Scotland’s floating wind capacity to 15 GW by the mid-2030s, cementing Scotland’s position as a frontrunner in floating offshore wind.

Awarded projects include consortia led by Scottish Power Renewables, Falck Renewables, DEME, Vattenfall, Shell New Energies, OceanWinds, BP Alternative Energy Investments, SSE Renewables, BayWa, Offshore Wind Power, Northland Power, and Magnora.

Developers had to submit a Supply Chain Development Statement (SDCS), showing how at least 25% of project-related expenditure will be made in Scotland. The winners of the tender will also be asked to coordinate investments and adjust their SDCS to bring more consistency and scale to the development of Scotland’s emerging offshore wind supply chain.

“Offshore wind will contribute to the renaissance of Scottish engineering and Scotland’s maritime industry. Offshore wind developers plan huge investments in Scotland’s supply chain and port infrastructure. This means new jobs in coastal regions and tax revenues for local municipalities”, says Giles Dickson.

A big year for floating wind across Europe

2022 is going to be a year of breakthroughs for floating offshore wind in which we will see real progress towards the development of commercial-scale floating wind farms. In addition to the ScotWind tender, France will announce the results of the world’s first auction to actually build a large-scale floating wind farm – 250 MW of Brittany. And Europe will start operating its fourth floating offshore wind farm when Equinor commissions the 88 MW Hywind Tampen wind farm in Norway – which will use floating turbines to power oil and gas platforms, allowing a significant reduction in CO2 emissions from fossil fuel extraction.

Meanwhile, Greece, Italy and Spain are advancing new strategies and legislation that will lead to auctions for large-scale floating offshore wind in the Mediterranean and Atlantic. The Greek Energy Ministry are aiming for a first auction in the first half of 2022. Italy’s Ministry of Ecological Transition has received 64 Expressions of Interest for the development of floating offshore wind projects. And the Spanish Government is developing an Offshore Wind Roadmap and aiming for up to 3 GW of floating wind by 2030.

A third of Europe’s offshore wind could be floating by 2050

Floating offshore wind holds the key to inexhaustible wind energy resources in Europe. 80% of Europe’s offshore wind resource is in waters 60 m and deeper, including most wind energy resources in the Atlantic, the Mediterranean Sea, the Celtic Sea, the Black Sea and the Norwegian Sea. In these areas, traditional bottom-fixed offshore wind is not economically attractive. Here floating offshore wind offers the technological solution to generate large volumes of renewable electricity and to drive Europe’s energy transition. WindEurope estimates that up to a third of the offshore volumes needed to reach net-zero in Europe by 2050 will come from floating offshore wind.

Given these recent developments across Europe, floating offshore wind will also be a central topic at WindEurope’s Annual Event 2022, taking place in Bilbao on 5-7 April. Developers, shipyards and ports in the Basque Country are getting ready to lead Spain’s floating offshore wind expansion. WindEurope 2022 side events and field trips will offer valuable insights in Spain’s most advanced floating offshore wind projects.

JSW to Invest Rs 2,200 Crores in Wind Power Project in Tamil Nadu


JSW plans to raise Rs 2,200 crore through bank loans to fund a 450 MW wind power project in Tamil Nadu.

JSW Renew Energy Two Ltd. (JRETL) is a subsidiary of JSW Future Energy, placing the power plants at Tuticorin and Dharapuram in Tamil Nadu state. The offered term loan can be payable in over 70 quarterly instalments, starting after 12 months from the completion or commissioning date, whichever is earlier.

The project is scheduled to be finished by 31 March 2023.

JSW Group is planning to raise Rs 2,200 crore through bank loans to fund 450 MW wind power unit in Tamil Nadu.

JSW Renew Energy Two (JRETL), a subsidiary of JSW Future Energy is setting up power plants at Tuticorin and Dharapuram in the state. JSW Future Energy is owned by JSW Energy.

Equinor and bp Achieve Key Step In Advancing Offshore Wind For New York


at an event with U.S. Secretary of Energy Jennifer Granholm, New York Governor Kathy Hochul, and U.S. Representative Paul Tonko, Equinor and bp announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1. The PSAs set the terms under which these projects will supply homegrown, renewable power to New York and inject significant economic investments into the state’s economy.  

The finalization of the PSAs concludes the contracts awarded in January 2021, when Equinor and bp were selected to provide New York State with offshore wind power in one of the largest renewable energy procurements in the U.S. to date. Once completed, Equinor and bp’s portfolio of active offshore wind projects (Empire Wind 1, Empire Wind 2 and Beacon Wind 1) will produce enough electricity to power about 2 million New York homes and will help generate more than $1 billion in economic output to New York State. This includes investments in ports and infrastructure that will reinforce New York’s position as the regional offshore wind industry hub—and a leading example of economic activity driven by the energy transition. 

“These are world class assets and we are moving quickly and safely to get them producing the energy people need in the way that they want it – all the while creating positive ripple effects for the surrounding communities and industry. Today’s milestone is a critical step forward and we will continue to work hard to deliver the Empire Wind and Beacon Wind projects, providing clean energy and stable returns for decades to come.” Felipe Arbelaez, bp’s senior vice president for zero carbon energy

The offshore wind projects on the US east coast are key building blocks to deliver on Equinor’s ambition to install 12-16 GW of renewables capacity by 2030. Equinor expects to deliver these projects within the return guidance communicated at the last Capital Markets Update in June 2021. The completion of the PSA represents a major milestone and enables the start of project execution for the Equinor-bp partnership. 

“Today’s announcement sets Equinor and bp on the path to provide over 3.3 gigawatts (GW) of offshore wind power for New York. It also offers a large-scale, tangible demonstration of the incredible economic activity and carbon reduction potential being driven by New York’s green energy transition,” said Siri Espedal Kindem, President of Equinor Wind US. “We are proud to help lead the growth of this exciting industry in New York.”  

Doreen M. Harris, President and CEO, NYSERDA, said, “Offshore wind is bringing unprecedented investment to New York State, and we are proud to further cement ourselves as the offshore wind hub of the nation. Meeting our nation-leading offshore wind goal of 9,000 megawatts by 2035 will be an essential economic driver for the state, and these projects will help transform our energy system while providing thousands of family-sustaining jobs to bolster our growing green economy.” 

Felipe Arbelaez, bp’s senior vice president for zero-carbon energy, added: “These are world-class assets and we are moving quickly and safely to get them producing the energy people need in the way that they want it – all the while creating positive ripple effects for the surrounding communities and industry. Today’s milestone is a critical step forward and we will continue to work hard to deliver the Empire Wind and Beacon Wind projects, providing clean energy and stable returns for decades to come.”   

The PSAs agreed to with New York State to finalize the terms under which Equinor and bp will provide a generation capacity of 1,260 megawatts (MW) of renewable offshore wind power from Empire Wind 2, and another 1,230 MW of power from Beacon Wind 1, while making substantial investments in New York’s infrastructure. The projects include port upgrades to transform South Brooklyn Marine Terminal into a major staging and assembly facility for the industry, as well as an operations and maintenance base for the projects. Equinor recently announced the opening of a New York project office located in Sunset Park, Brooklyn, opposite the South Brooklyn Marine Terminal. The partnership will also invest in the Port of Albany, making it America’s first offshore wind tower and transition piece manufacturing facility.  

GE Renewable To Supply Turbines for 100 MW Wind Farm in Gujarat


GE Renewable Energy will supply, install and commission 37 wind turbines to a 99.90 MW wind power project in Gujarat, managed by Continuum Green Energy.

GE Renewable Energy said on Thursday it has received an order from Continuum Green Energy to supply 99.90 megawatt (MW) of wind power turbines for the Rajkot wind farms in Gujarat.

The wind farm project will provide local businesses and consumers with clean energy.

The development follows GE and Continuum signing an agreement to supply turbines to the 148.5 MW Morjar wind farm in Gujarat in 2021.

In 2021, GE Renewable Energy and Continuum Green Energy signed an agreement to supply turbines to the 148.5 MW Morjar, Bhuj wind farm in Gujarat. Continuum has a total capacity of 1,300 MW.

The project will leverage GE’s significant local footprint in India with product design taking place primarily at the company’s Bengaluru centre, blades being manufactured in its plants in Vadodara and assembly occurring at its manufacturing facility in Pune.

Continuum is majority-owned by a global infrastructure fund managed by Morgan Stanley Infrastructure Partners.

DNV Receives Approval To Certify Wind Turbines For Korea


DNV, the independent energy expert and assurance provider, has been selected by the Korean Energy Agency (KEA) to deliver Type Certification services for the Korean wind energy market. This new DNV service for the Korean market will result in a convenient and cost-effective process for manufacturers around the world to achieve certification for their wind turbines selected in Korean wind farm projects. The certification will be granted according to Korean standards and the international certification scheme IEC.

In its latest Energy Transition Outlook Report (ETO), DNV forecasts significant scaling of global installed offshore wind capacity, from 29 GW in 2019 to 1,748 GW in 2050. In line with this global development, South Korea has plans to increase its wind energy capacity, to realize its commitment to climate neutrality in 2050. According to the Global Wind Energy Council (GWEC), Korea is targeting 9.2 GW of wind power by 2025 and 16 GW by 2030, of which 12 GW will comprise offshore wind. To achieve this, the government has recently announced plans to build an 8.2 GW offshore wind facility which could become the world’s largest offshore wind power plant. 

“Those ambitious targets in an emerging wind energy market like Korea are creating an increased need for extended risk management via globally recognized certification standards,” says Kim Sandgaard-Mørk, Executive Vice President for Renewables Certification at DNV. “Together with our local certification team headed by Young Min Paik, Renewable Certification Director Korea at DNV is now enabled to work more closely with KEA and its customers throughout the wind turbine certification process, creating trust among stakeholders and enabling a safe and reliable growth of wind energy in South Korea.”

“As wind parks will increasingly be erected offshore, in greater water depths, harsh climates and remote locations, we observe that wind farm developers are also increasingly insisting on certification as a key risk mitigation measure in the technical due diligence process,” says Brice Le Gallo, Regional Director for the Asia Pacific at DNV. 

DNV is present in Korea since the 1970s. Today, more than 300 experts located in five cities provide assurance, classification and risk management services to customers across different sectors, including the energy, oil & gas, offshore and maritime industries. We bring trust to the entire energy value chain through our advisory, monitoring, verification, and certification services. 

U.S. to Hold Record Offshore Wind Farm Auction to Push Forward on Clean Energy


The U.S. government has outlined a range of measures to accelerate the growing clean energy in the country’s power grid, including its biggest ever offshore wind auction to be held next month for 480,000 acres of area in waters off the coast of New York and New Jersey states. 

The auction for the sale of six commercial leases in the New York Bight, the region of shallow waters between New York’s Long Island and New Jersey, are the most lots ever offered in a single auction. According to the government, the project could generate between 5.6 to 7 GW of electricity, enough to power 2 million homes.

The auction to be held on February 23, will be the first offshore wind lease sale under President Biden, whose administration aims to build a total of 7 major offshore wind farms and review plans for at least 16 others wind farms along the US coasts. 

Biden has pledged an “all-of-government” approach to combat the effects of global warming and decarbonize the U.S. power grid by 2035. Last year, the government launched an aggressive push to install 30 GW of energy capacity and supply renewable energy to more than 10 million homes by 2030.

The auction comes after the state governments of New York and New Jersey announced their plans for the development of 16 GW offshore wind projects before 2035. The wind investment is expected to cut off 78 million tons of CO2 emissions and create thousands of jobs.

In a statement, Interior Secretary Deb Haaland, “We are at an inflection point for domestic offshore wind energy development. We must seize this moment—and we must do it together.”

The Bureau of Ocean Energy Management of the Interior Department said 25 companies are eligible to bid on the leases and each bidder may only win one lease. The developers will be required to use union labor to build their projects and to outline plans for supporting the creation of a domestic supply chain for the industry.

In a wide-ranging memo, the Interior Department unveiled actions by seven federal agencies designed to accelerate the deployment of transmission lines for wind and solar projects. The administration also announced steps to slash the time consumed to permit clean energy projects on public lands through better coordination between agencies and the creation of renewable energy coordination offices at the Interior Department.

SECI Floats Tender For 1.2 GW Interstate Wind Power Projects


The Solar Energy Corporation of India (SECI), has requested bids for the development of 1,200 MW (1.2 GW) of the interstate transmission system (ISTS)-connected wind power projects (Tranche XIII) in India.

While the deadline for proposals is February 18, 2022, a digital pre-bid conference has been arranged for January 21.

Bidders must provide an earnest money deposit of Rs 1.32 million/MW. Furthermore, before finalizing the power purchase agreements, the selected bidder must offer a performance bank guarantee of Rs 3.31 million/MW for each project.

The scope of work comprises locating land, installing and owning the project, gaining connectivity and long-term access, and securing the appropriate approval and linkage with the ISTS network to deliver electricity to SECI.

Bidders must cite capacity in multiples of ten megawatts (MW) and may submit a single bid with a minimum capacity of 50 MW and the highest capacity of 1,200 MW.

Wind project developers will be responsible for acquiring the necessary land to put up the projects. SECI shall not be held liable for that in any way.

Bidders’ net worth should be Rs 13.26 million/MW of mentioned capacity in order to participate in the competitive bidding process while having a minimum annual revenue of Rs 5.18 million/MW of specified capacity as of the end of the preceding fiscal year

During the previous fiscal year, the internal resource generating capacity should have been at least Rs 1.03 million/MW of the quoted capacity in terms of profit before depreciation, interest, and taxes.

To satisfy the project’s working capital requirements, the bidder must obtain an in-principle permission letter from the financial institutions pledging a ‘Line of Credit’ for a minimum of Rs. 1.29 million/MW of the stated capacity.

Only approved wind turbine types listed on the Ministry of New and Renewable Energy’s (MNRE) ‘Revised List of Models and Manufacturers’ will be eligible for deployment under the programme, and therefore, applicants have to give details on the wind turbine that will be put in the project at the time of financial culmination.

The stated annual capacity utilization factor (CUF) must be more than 22%. During the 25-year PPA period, wind developers must sustain generation to reach yearly CUF of no less than 80% of the stated value and no more than 120% of the declared CUF.

APTEL Reinstates 50 MW Project Being Developed by Inox Wind Arm


Inox Wind on Wednesday said the Appellate Tribunal for Electricity (APTEL) has reinstated a 50 MW wind energy project in Kutch being undertaken by its arm at a tariff of Rs 3.46 per unit.

“Appeal No. 292 of 2021 filed by Wind Four Renergy Private Ltd (WFRPL), a wholly owned subsidiary of Inox Green Energy Services Limited (IGESL), (earlier known as Inox Wind Infrastructure Services Limited), has been allowed by Appellate Tribunal for Electricity (APTEL), New Delhi vide its Order dated 11th January, 2022,” it said in a BSE filing.

Under the directions given in the order, the 50 MW (SECI Tranche – 1) wind power project of WFRPL being undertaken in Kutch (Gujarat), awarded by the Solar Energy Corporation of India (SECI), has been reinstated at a tariff of Rs 3.46 per KWH.

APTEL has directed to extend the scheduled commercial operation date (SCOD) of the project by the requested period and also set aside the invocation/ encashment of its bank guarantee, it added.

Siemens Gamesa hits deal with Eolus and Hydro REIN to install Stor-Skälsjön project in Sweden

  • The 260 MW Stor-Skälsjön project is the company’s latest with developer Eolus and is forecast to be installed in 2023. Hydro REIN is co-owner of the project
  • The site in central Sweden will use 42 SG 6.6-170 turbines with hub heights of between 115 meters to 123 meters
  • A 25-year full scope service agreement has also been reached

Siemens Gamesa has tightened its partnership with Swedish developer Eolus and Hydro REIN with a deal to supply the 260MW Stor-Skälsjön project in central Sweden. The contract takes deals signed with Eolus to just over 450MW as they work to stimulate an energy transition across the Nordics. Hydro REIN is co-owner of the project with a 49% stake.

The project, located in Timrå and Sundsvall municipalities, is due to be installed by 2023 and will employ 42 SG 6.6-170 turbines providing a competitive Levelized Cost of Energy for the project. These will sit on towers with heights of 115 meters to 123 meters. A 25-year full-scope service agreement was also included ensuring optimal performance over the lifetime of the turbines.

The contract is yet another for the Siemens Gamesa 5.X platform, which has now signed over 3.5GW in deals globally since its launch, with Sweden being the leading country to have welcomed this technology with over 1.5GW in sales.

“Sweden has been a key country for the development of the Siemens Gamesa 5.X platform and we still see great opportunities across the Nordics and more broadly to help our customers deliver the most competitive projects. We will work closely with long-standing partner Eolus to help them meet their needs at this latest project,” said Clark MacFarlane, CEO of Siemens Gamesa’s NEME region.

Wind power continues its acceleration in Sweden. According to the Swedish Wind Energy Association, the country will have over 12GW of installed capacity by the end of 2021 and is forecast to reach over 17GW by 2024, which would make it the second-largest source of electricity by that time.

Wind Turbine Operations and Maintenance Market is likely to reach US$ 39.8 Bn by 2031


According to the report, the global wind turbine operations and maintenance market stood at US$ 15.4 Bn in 2020 and is likely to reach US$ 39.8 Bn by 2031, expanding at a CAGR of around 9% between 2021 and 2031.

Wind turbine operations and maintenance services include operations, maintenance, asset administration, remote monitoring, and repair of wind turbines installed at wind farms. Wind turbine operations and maintenance services can be scheduled
maintenance services or unscheduled maintenance services. Scheduled maintenance services are carried out at regular intervals. Unscheduled maintenance services are carried out in event of the sudden breakdown of a wind turbine or its
components. Different components of a wind turbine such as gearbox, rotor blade, generator, inverter, brake, and tower require regular maintenance to operate efficiently. Gearbox assembly, rotor blades, and brakes are some of the components that are more susceptible to breakdown and require monitoring and maintenance at regular intervals.

Increase in Demand for Wind Turbine Operations and Maintenance for Use in Offshore Application

Based on application, the global wind turbine operations and maintenance market has been segmented into onshore wind turbine operations and maintenance and offshore wind turbine operations and maintenance. Onshore wind turbine operations
and maintenance was the major application segment of the global wind turbine operations and maintenance market, accounting for more than 90% share in 2020. However, demand for offshore wind turbine operations and maintenance services has been increasing owing to the rise in the number of offshore wind farms and the complexity involved in servicing offshore wind turbines.

An increase in the number of aging wind turbines and a rise in the number of gearbox failures and generator assembly failures have augmented the global wind turbine operations and maintenance market. Additionally, the increased presence of financial institutions and private investors as owners of wind farms has boosted the demand for wind turbine operations and maintenance services.

Growth in the share of offshore turbines in the wind energy mix has also boosted the demand for wind turbine operations and maintenance services. An increase in the cost of logistics and lack of skilled workforce is anticipated to hamper the global wind
turbine operations and maintenance market in the near future.

The Asia Pacific Dominates Global Wind Turbine Operations and Maintenance Market

The global wind turbine operations and maintenance market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific accounted for around 60% share of the global wind turbine operations and maintenance market in 2020. However, the wind turbine operations and maintenance market in the Rest of the World is anticipated to expand at the fastest rate during the forecast period. The Asia Pacific is anticipated to be the second-fastest growing market for wind turbine operations and maintenance during the forecast period.

Key Players Operating in Wind Turbine Operations and Maintenance Market

Leading companies operating in the global wind turbine operations and maintenance market include Enercon GmbH, Gamesa Corporación Tecnológica, GE Wind Energy, Nordex SE, Xinjiang Goldwind Science & Technology Co. Ltd., Vestas Wind Systems A/S, Siemens Wind Power GmbH, Suzlon Group, Guodian United Power Technology Company Ltd., and UpWind Solutions Inc.

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