spot_img
Friday, June 2, 2023
33 C
Mumbai
Home Blog

Global Wind Turbine Order Intake Surges, Achieving Q1 Record with 27% Year-on-Year Growth: Wood Mackenzie

0

Reading Time: 2 minutes

Global wind turbine order intake hit a new Q1 record, with 23.5 gigawatts (GW) of activity, a 27 percent increase year-over-year, according to a new analysis from Wood Mackenzie.

Activity was driven by a new Q1 record set in China (15.2 GW), record Q1 growth in Latin America (1.7 GW) and the U.S. jumping to 1.8 GW of activity, more than doubling its 0.8 GW in Q1 2022 and surpassing its H1 2022 total.

In total, global orders hit an estimated $15.2 billion, up $3B YOY.

“China continues to be the overwhelming driver of global activity,” said Luke Lewandowski, Wood Mackenzie Research Director. “We do not see that slowing down anytime soon. What is encouraging is seeing certain areas outside of China start to build momentum. Latin America had a record Q1, thanks to activity in Argentina and Brazil, and the U.S. is seeing renewed confidence and order growth, partially in thanks to the Inflation Reduction Act.”

While some areas outside of China experienced growth, overall activity from western original equipment manufacturers (OEM) remained flat, with Q1 orders down 9 percent year-over-year. Strategies between these two markets remain fundamentally different, with China pushing growth strategies to meet local government renewable requirements and western OEMs focusing on profitability.

“Western OEMs have remained very selective and disciplined in their activity, with the goal of improving their profitability,” said Lewandowski. “Pricing has remained relatively level in markets like the U.S., where strategies such as measured technology development and price indexing have been employed by Western OEMs to expedite a return to profitability. This has also helped turbine pricing stabilize this quarter.”

Offshore wind orders saw a decrease of 12 percent YOY, but growth took place in Europe, which accounted for 3 GW of offshore activity. Overall, offshore wind accounted for 13 percent of all orders in Q1.

For the second straight quarter, Envision captured the largest share of new orders (3.6 GW), followed by Vestas (3.3 GW) and SANY (2.6 GW).

Government Grants 25-Year ISTS Charge Waiver to Offshore Wind Energy Projects and Extends ISTS Waiver for Green Hydrogen and Green Ammonia Projects

0

Reading Time: 3 minutes

In a major decision, the Government has decided to grant waiver of ISTS charges to Off-Shore Wind Projects and extend the waiver to Green Hydrogen/Green Ammonia . This decision has been taken to facilitate wider execution of offshore wind energy initiatives, to promote the expansion of Green Hydrogen / Green Ammonia Projects and to encourage the offtake of renewable energy from Energy Storage System Projects.

As per the notification issued by Ministry of Power, a complete waiver of ISTS charges (Inter-State Transmission Charges) has been given for off-shore wind power projects commissioned on or before 31st December, 2032 for a period of 25 years from the date of commissioning of the Project. The off-shore projects commissioned from 1st January, 2033 would be given graded ISTS charges. Earlier, all wind energy projects were provided waiver upto 30.06.2025. Now, offshore wind would be treated separately, and waiver to these would granted up to 31st Dec, 2032 with graded transmission charges thereafter.

S. No.Period of Commissioning of Offshore Wind Power ProjectsApplicable ISTS Charges
101.01.2033 to 31.12.203425% of the applicable ISTS charges
201.01.2034 to 31.12.203550% of the applicable ISTS charges
301.01.2035 to 31.12.203675% of the applicable ISTS charges
4From 01.01.2037100% of the applicable ISTS charges

The government has also granted complete waiver of ISTS charges for a period of 25 years from the date of commissioning of the project, for Green Hydrogen/Green Ammonia production units, using Renewable Energy (commissioned after 8th March 2019), Pumped Storage System or Battery Storage Systems or any hybrid combination of these technologies. The projects commissioned on or before 31st December, 2030 shall be eligible for this waiver. The projects after 31st December, 2030 will attract  graded transmission charges thereafter. The decision effectively extends the applicability of waiver date from 30 June 2025 to 31 Dec 2030.

S. No.Period of Commissioning of Green Hydrogen/ Green Ammonia PlantsApplicable ISTS Charges
101.01.2030 to 31.12.203125% of the applicable ISTS charges
201.01.2032 to 31.12.203350% of the applicable ISTS charges
301.01.2034 to 31.12.203575% of the applicable ISTS charges
4From 01.01.2036100% of the applicable ISTS charges

To promote development of Pump Storage Plants (PSP), the criteria for availing the complete waiver of ISTS charges for PSP projects has now been linked to the date of award of the project rather than commissioning of the project. This shall be applicable in cases where construction work is awarded on or before 30th June, 2025.

The ISTS charges on drawl of energy from energy storage projects, which was earlier granted to the project, will henceforth be available for each individual user of such project. The individual user will get this benefit, if at least 51% of the energy utilized by the user for charging the storage system is renewable energy. Earlier the limit of 51% was at project level. This change has been proposed in view of the fact that in future the capacity of such storage projects will be shared by many discoms / other users and only some of them may meet this criteria of 51% individually while the same may not be met in an aggregate manner at storage project level.

Moreover, in case a project is eligible for waiver of transmission charges based on its original COD (Date of Commissioning), the same benefit will continue to be made available if COD is extended by competent authority. This is considered necessary to give confidence to the investors who are taking investment decisions based on the present circumstances but their COD may extend beyond the relevant applicable date for transmission charge waiver for reasons beyond their control.

Adani Green Energy Achieves Milestone: Operational Wind Generation Capacity Surpasses 1 GW with 130 MW Wind Power Plant in Gujarat

0

Reading Time: 1 minutes

Adani Wind Energy Kutchh Five Limited (AWEK5L, formerly known as Adani Green Energy Five Limited),  a subsidiary of Adani Green Energy Limited (AGEL) has commissioned 130 MW Wind Power Plant at Kutchh in Gujarat. The plant has a 25 year Power Purchase Agreement (PPA) of 130 MW with Solar Energy Corporation of India (SECI) at Rs. 2.83/kWh.

With the successful commissioning of this plant, AGEL’s operational wind generation capacity has increased to 1,101 MW and the total operational renewable generation capacity has increased to 8,216 MW. This places AGEL’s total renewable portfolio well on track to reach its vision of 45 GW capacity by 2030.

The newly commissioned plant will be managed by the Adani Group’s intelligent ‘Energy Network Operation Centre’ (ENOC) platform, which has continuously demonstrated and aided AGEL in achieving superior operational performance of its entire renewable portfolio spread across diverse locations in India.

Through its successive projects, AGEL has continued to integrate the objective of sustainability with economic development, creating jobs as well as enabling decarbonization in line with India’s commitment at United Nations Climate Change Conference in Paris and taking it one step closer towards Climate Leadership.

Torrent Power Bags 300 MW Wind Power Project in Karnataka

0

Reading Time: 1 minutes

Torrent Power announced award of turnkey work for a 300 MW Wind Power Project to be developed in Karnataka. Torrent Power won this project through competitive bidding in SECI Tranche XII and entered the PPA in March’23.

Torrent Power currently has an aggregate installed generation capacity of ~4.1 GW, which consists largely of clean generation sources such as gas (2.7 GW) and renewables (1.07 GW). It also has a capacity of 0.4 GW of Renewable Generation plants under development apart from the 300 MW Wind Project just awarded. In line with its sustainability commitments and the Government’s aim to achieve 500 GW of non-fossil fuel capacity by 2030, Torrent’s growth focus in Power Generation remains on Renewables as it continues to add further capacity to its portfolio. With a balanced Wind and Solar portfolio, it is also working on other Green Energy pathways of Pumped Hydro and Green Hydrogen.

The recent 300 MW SECI-XII Wind Project has been awarded to Suzlon on a turnkey basis at a site in Karnataka and is scheduled to be commissioned by March 2025. Torrent has experience working with Suzlon in past for its Wind Projects and has technically preferred Suzlon for the 300 MW project based on its latest and more efficient 3 MW Wind Turbine Generators with a rotor diameter of 144 meters.

Torrent Power, with a turnover of about Rs. 25000 Crores (approx. USD 3 billion), is the integrated power utility of the diversified Torrent Group with group revenues of approx. ₹ 37,000 Cr (approx. USD 4.45 billion) and a Market Cap of ~ ₹ 75,000 Crore (approx. USD 9 billion). It is one of the largest companies in the Country’s power sector with presence across the entire power value chain of generation, transmission, and distribution.

Suzlon Wins 204 MW Order from Serentica Renewables

0

Reading Time: 2 minutes

Suzlon Group, the leading renewable energy solutions provider in India, has secured a substantial order for its 3 MW series of wind turbines from Serentica Renewables, a decarbonization platform dedicated to accelerating the energy transition for energy-intensive industries. The order entails the installation of 68 wind turbine generators (WTGs) with a rated capacity of 3 MW each, featuring Hybrid Lattice Tubular (HLT) towers, for Serentica’s upcoming 204 MW wind power project in Koppal, Karnataka. The project is expected to be commissioned by early 2024.

This latest order marks the fifth within a month for Suzlon’s 3 MW series, and as part of the agreement, Suzlon will handle the supply of wind turbines, project execution, including erection and commissioning, and comprehensive operation and maintenance services post-commissioning.

Girish Tanti, Vice Chairman of Suzlon Group, expressed delight in partnering with Serentica Renewables, an industrial player committed to decarbonization, and highlighted the importance of corporate India’s dedication to India’s net-zero ambitions. Tanti emphasized that Suzlon’s 3 MW series, customized for India’s wind conditions, will play a vital role in accelerating the country’s wind energy installations and supporting its sustainable growth.

Pratik Agarwal, Director of Serentica Renewables, considered the partnership with Suzlon a significant milestone in their industrial decarbonization journey. The clean energy generated by the wind park in Karnataka will provide reliable and green power to industrial customers while contributing to India’s ambitious energy transition goal of 500 GW by 2030.

JP Chalasani, CEO of Suzlon Group, expressed satisfaction in securing the first order from Serentica Renewables, demonstrating the trust customers place in Suzlon and its expertise, particularly in their 3 MW series of products. Chalasani emphasized that the order’s significance lies in the fact that the electricity generated will power India’s industrial powerhouses, supporting the nation’s economic growth while aligning with Suzlon’s net-zero targets and commitment to serving Indian industries with green renewable power.

Suzlon Wins Major Order for 69+ MW of 3 MW Series Turbines from Prominent Nordic Energy Firm

0

Reading Time: 3 minutes

Suzlon Group, India’s largest renewable energy solutions provider, today announced a significant order featuring the new 3MW series within a month. This order is for the development of a 69 MW wind power project for the Indian subsidiary of a leading Nordic Energy Company. Suzlon will install 23 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each. The project is located at Karnataka and is expected to be commissioned in 2024.

This is the fourth order of the larger wind turbine model from the new 3 MW series – the S144-140m is part of the agreement wherein Suzlon Energy will supply the wind turbines (equipment supply) and project supervision and commissioning. Suzlon will also provide operations and maintenance services post-commissioning.

JP Chalasani, Chief Executive Officer, Suzlon Group, said, “At Suzlon, we take great pride that a leading Nordic Energy company with a proven global track record in renewable energy has placed their trust in Suzlon for their first wind energy project outside of Europe. This order is a testament to the quality and reliability of our technology and service solutions. Targeting the Commercial & Industrial (C&I) consumer segment, this order will help in expanding the reach of renewable energy to more Indian industries, driving them toward their net-zero targets. Suzlon is committed to leading India’s renewable energy vision by providing solutions that combine proven technology with world-class service offerings. Together with our customers and our valued partners, we will continue to push the boundaries of what is possible and drive meaningful progress towards a cleaner, greener, and more prosperous tomorrow for all.”

The Suzlon 3 MW Series

The largest renewable energy solutions provider in India, The Suzlon Group is proud to announce its 3 MW series of wind turbines. With the primary objective of increasing generation, reducing the cost of energy, and contributing to an Aatmanirbhar Bharat, this series marks a significant milestone for the company and the country’s wind energy sector.

Suzlon’s 3 MW turbines feature a 144-meter rotor diameter and are designed to unlock low wind sites and deliver improved energy yield suitable for all Indian wind regimes. With local content of up to 85-90% by its serial launch, this series proves Suzlon’s commitment to innovation and self-reliance.

The S144 wind turbine generator is one of the largest in India, extendable up to 3.15 MW, depending on site wind conditions, available at a hub height of 140 meters going up to 160 meters by its serial launch. At 160 meters hub height the S144 will also be India’s tallest wind turbine. Suzlon’s S144 fleet will deliver a remarkable 40-43% higher generation over Suzlon’s current model, the S120 – 2.1 MW wind turbine, showcasing its ability to optimize wind resources at higher altitudes and make low-wind sites viable.

Furthermore, the 3 MW turbine generators feature the time-tested Doubly Fed Induction Generator (DFIG) technology and the SB 70.5 carbon fibre blade engineered and developed by Suzlon. This world-class technology provides the capability to utilize thinner aerodynamic profiles, resulting in excellent performance in low-wind sites, and a significant increase in generation yield per unit of land.

As a leader in the renewable energy sector, Suzlon’s 3 MW series of wind turbines is a testament to the company’s dedication to delivering sustainable and cost-effective renewable energy solutions for the future. We are confident that the 3 MW – S144 technology will contribute significantly to the country’s renewable energy and net-zero targets.

ACWA Power Signs Milestone Agreements for Wind and Green Hydrogen Projects in Uzbekistan

0

Reading Time: 2 minutes

ACWA Power, a leading developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, has signed two significant agreements during the EBRD 2023 Annual Meeting and Business Forum in Samarkand that took place between 16 and 18 May 2023, marking a major milestone to advance Uzbekistan’s target to decarbonise 35% of its energy sector by 2030.

The first set of agreements entails a groundbreaking partnership with Uzkimyosanoat, the national holding company for chemicals in Uzbekistan, to decarbonise the sector through innovative green hydrogen projects. Construction will be executed in two phases achieving substantial reductions in natural gas consumption and carbon dioxide emissions. The agreements were signed by Timur Mukhammedjanov, Chairman of the Board of Uzkimyosanoat; Sarvar Khamidov, Deputy Minister of the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan; Sobirjon Artikov, Deputy Chairman of the National Electric Grid of the Republic of Uzbekistan (NEGU); and Marco Arcelli, Chief Executive Officer of ACWA Power.

The second set of agreements involves the signing of financing documents for Karatau wind farm, formerly referred to as the Nukus Wind Project, with a total investment value of US$120 million. The National Electric Grid of Uzbekistan (NEGU) will serve as the exclusive buyer of electricity generated by the project for 25 years. The Uzbek Ministry of Economy and Finance (MoEF) has provided support for the project through the Government Support Agreement (GSA). Project funding has been secured through Deutsche Investitions (DEG), the European Bank for Reconstruction and Development (EBRD), and Proparco. The financing agreements were signed by representatives of DEG, EBRD, Proparco, and Mr. Mohammad Abunayyan, Chairman of the Board of Directors of ACWA Power.

“We are excited about the limitless possibilities this agreement brings, positioning UKS as a key player in the emerging Green fertilizers economy. It is a testament to our commitment to innovation, environmental stewardship, and building a prosperous, low-carbon future for our citizens and the world,” said Timur Mukhammedjanov, Chairman of the Board of Uzkimyosanoat.

Suzlon Group Receives Order for 33 Wind Turbines from Vibrant Energy for 99 MW Wind Power Project

0

Reading Time: 2 minutes

India’s leading renewable energy solutions provider, Suzlon Group, has secured an order from Vibrant Energy for 33 wind turbine generators (WTGs) as part of a 99 MW wind power project. The order includes Suzlon’s new 3 MW series featuring the S144-140m wind turbine model with a Hybrid Lattice Tubular (HLT) tower. Under the agreement, Suzlon will not only supply the wind turbines but also provide erection and commissioning services, along with comprehensive operations and maintenance support post-commissioning.

J.P. Chalasani, CEO of Suzlon Group, expressed delight in securing this significant order from Vibrant Energy, a respected renewable energy solutions provider. This order emphasizes the trust placed in Suzlon’s technology and service excellence, particularly for the 3 MW series. The project aims to cater to the Commercial & Industrial (C&I) consumer segment, which is expected to play a crucial role in India’s renewable energy vision. Both companies anticipate a long-standing partnership in their commitment to building a sustainable India.

Vibrant Energy’s CEO, Srinivasan Viswanathan, emphasized the collaboration with Suzlon Energy Ltd. to deliver round-the-clock renewable energy to corporate customers. As a trusted partner for corporate consumers, Vibrant Energy actively assists in meeting sustainability and decarbonization goals. This partnership with Suzlon, India’s leading wind turbine manufacturer, marks the beginning of a promising relationship, and both entities look forward to exploring more opportunities. Vibrant Energy aligns with Suzlon’s commitment and leadership in green energy, sharing a common vision of mitigating climate change through clean energy solutions.

Suzlon’s 3 MW series represents a significant milestone for the company and India’s wind energy sector. Designed to enhance generation and reduce energy costs, these turbines contribute to India’s self-reliance and the vision of an Aatmanirbhar Bharat (self-reliant India). The S144 wind turbine generator, extendable up to 3.15 MW, is equipped with the time-tested Doubly Fed Induction Generator (DFIG) technology and the SB 70.5 carbon fiber blade. With its superior performance across various wind regimes and optimized utilization of wind resources, the 3 MW series demonstrates Suzlon’s dedication to delivering sustainable and cost-effective renewable energy solutions. The company’s goal is to contribute significantly to India’s renewable energy and net-zero targets through this advanced technology.

WindInsider 40 Under 40 Asia – Honoring Asia’s Rising Wind Energy Stars

0
WindInsider 40 under 40 Asia- Honoring Asia's Rising Wind Energy Stars

Reading Time: 1 minutes

The Wind energy industry is rapidly evolving, and young leaders are at the forefront of driving innovation, shaping policy, and leading the charge toward a sustainable future. To recognize these trailblazers, WindInsider is proud to announce the launch of our 40 under 40 Asia campaign. This campaign aims to celebrate the achievements of the most exceptional young leaders in Asia’s wind industry, who are driving progress and setting new benchmarks for the sector. The WindInsider 40 under 40 Asia will showcase the inspiring stories of these young leaders, their innovative ideas, and their remarkable contributions to the wind energy industry. By recognizing these young leaders, we hope to inspire a new generation of industry professionals and accelerate the growth of the wind energy sector in Asia.

The last date to submit the nomination is 15th June 2023.

Note that the final list of confirmed candidates is subject to WindInsider’s internal evaluation. A processing fee of USD 300 is applicable after you receive confirmation from us.

If you have any questions or concerns, please do not hesitate to contact us at features@firstviewgroup.com . Thank you for your interest in this exciting opportunity!

Confirm your interest by filling the form below.

Turkey Wind Power Capacity Surpasses 11,400 MW Across 47 Provinces

0

Reading Time: 2 minutes

Turkey wind energy capacity surpasses 11,400 megawatts and is made up of power facilities in 47 provinces, with Izmir having the biggest capacity

According to figures released on Thursday, Turkey’s installed electrical capacity hit 104,348 megawatts (MW) at the end of March, while wind power capacity reached 11,426 MW.

While the contribution of renewable energy sources in power generation is rising, wind energy now accounts for 10.9% of Turkey’s installed electrical capacity, according to statistics acquired from the Ministry of Energy and Natural Resources.

The installed wind power capacity in Türkiye, which is largely made up of licensed power facilities, is spread over 47 provinces.

Unlicensed wind energy generating stations with a combined capacity of 88.4 MW are found in 15 provinces.

The western city of Izmir has the most installed wind energy capacity, with 1,754.9 MW, followed by Balkesir, also in the west, with 1,382.4 MW.

Çanakkale came in second with 943.7 MW, Istanbul came in third with 838.7 MW, and Manisa with 701.7 MW.

Bursa, Hatay, Aydin, Kirklareli, and Kayseri are among the top ten cities in terms of wind energy capacity installed.

Meanwhile, according to statistics from the Turkish Wind Energy Association (TÜREB), the Turkish wind energy sector is expanding not just in terms of capacity but also in terms of equipment manufacture.

According to TÜREB, approximately 100 Turkish enterprises in this industry export wind energy equipment to 44 countries across six continents. Wind energy equipment exports account for over 70% of these companies revenue.

Türkiye’s data

With increasing concerns about climate change and the high cost of imported energy, Turkey has taken measures to strengthen its renewable energy industry and has made significant investments in related areas in recent years.

Current renewable capacity in the nation accounts for more than half of total installed electricity capacity, which stood at 104,488 MW on April 7.

Wind is the second-largest renewable source of electricity, behind hydropower, with a capacity of roughly 31,600 MW. In the same time period, Turkey solar power installations reached 9,820 MW.

Moreover, at least 1,000 MW of wind and solar energy capacity will be added to the country’s renewable portfolio in 2023.

Renewables will account for more than 95% of new capacity additions in the country in 2021. With the addition of about 1,750 MW in 2021, the country recorded a record-high annual rise in wind energy, surpassing the previous all-time high of 1,248 MW installed in 2016.

According to the International Energy Agency (IEA), Turkey’s renewable energy capacity will increase by 64% to 90 gigatonnes (GW) during the next five years, with solar and wind accounting for about 75% of this increase.

The growth will propel it to fourth place in Europe and among the world’s top ten renewable markets.

In terms of renewable energy installed capacity, Turkey ranks fifth in Europe and 12th worldwide. When it comes to wind energy installed power, it ranks seventh in Europe and 12th worldwide.