Latest Wind Energy News Global Aug'21

5 October, 2021

Latest Wind Energy News from around the World:

  1. Top wind-turbine makers are struggling with lower earnings as rising raw- material costs, problems shipping the hulking machines, and uncertainty over the future of U.S. subsidies pressure their businesses.
  2. Dutch offshore specialist SBM Offshore intends to co-develop or participate as a technology or turnkey provider in 2GW of an estimated 6GW global pipeline of floating wind projects by 2030.
  3. At 13 MW, the Haliade-X wind turbines that GE is supplying for the UK’s Dogger Bank Wind Farm are currently the most powerful in the world. However, the next generation turbines will push the power up to 15, 16 or even 20 MW.
  4. Argentina is focusing on boosting hydrocarbons output to help spur the sputtering economy, but climate events, the energy transition and emissions-reduction pressure on oil firms demonstrate that a wider vision is critical. Argentina has abundant solar and wind resources, but the sector is underdeveloped.
  5. EUR 3.9 billion are expected to be spent on major component replacement (MCR) on offshore wind farms in Europe throughout the 2020s, with EUR 1.6 billion of the MCR pot to be poured into using jack-up vessels, according to projections from Wood Mackenzie.
  6. Siemens Energy is coordinating a project which aims to couple offshore wind turbines with electrolyzers for direct conversion of the electricity into hydrogen.
  7. The H2Mare flagship project aims to establish a whole new type of turbine at sea in the future – a solution which integrates an electrolyzer into an offshore wind turbine optimally for direct conversion of the electricity. In addition, the project will also investigate further offshore power-to-X processes.
  8. Installation of the world’s largest floating offshore wind farm, the Kincardine Offshore Wind, has been completed. The 50 MW project is located approximately 15 kilometres off the southeast coast of Aberdeenshire, Scotland.
  9. The ability to install turbines in deeper waters, where winds tend to be stronger, opens up huge amounts of the ocean to generate renewable wind power: close to 80% of potential offshore wind power is found in deeper waters.
  10. Norwegian company Wind Catching Systems is developing a floating offshore wind power generator, named the Windcatcher, the structure would contain more than a hundred rotors stacked vertically within a 300-metre-high framework. “At 11 metres per second, the wind has an energy of about 350 watts per square metre,” Heggheim explained. “And at 17 metres per second, the wind has an energy of 13,000 watts per square metre, so we are harnessing the exponential power of wind.”
24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches