Onshore Wind News
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CapPro newsEurope’s ‘missed opportunity’ as EC prepares to enshrine 2040 emissions targets
Europe installed 16.4 GW of new wind power capacity in 2024 – 12.9 GW of this coming from the EU-27 nations. 84 percent of the new wind capacity built in Europe last year was onshore, while 2.6 GW of new offshore capacity was connected to the grid.
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CapPro newsUnlocking Wales’ green potential
Analysis from BiGGAR Economics suggests that Wales is sitting on a GBP46.8 billion (USD59.1 billion) investment opportunity from renewable energy by 2035.
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CapPro newsNew Zealand aims to streamline renewable permitting process
New Zealand is attempting to strengthen its large-scale renewable energy sector with the introduction of a Fast-track Approvals bill that should streamline the permitting process.
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CapPro newsBottlenecks stymie European progress on renewable energy
WindEurope’s Autumn Wind Energy Data shows Europe built 6.4 GW of new wind farms in the first half of 2024. Turbine orders were up year on year and auction volumes are strong, although grid bottlenecks are delaying projects. As it stands, the Continent will fall short of 2030 installation targets.
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CapPro newsEIB activates counter-guarantees to support wind energy manufacturing
The European Investment Bank (EIB) is activating an up to EUR5 billion (USD5.46 billion) initiative to support manufacturers of wind energy equipment in Europe.
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CapPro newsEQT makes OX2 offer
EQT has made a bid to acquire Swedish renewable energy developer OX2.
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CapPro newsWood Mackenzie: China dominates wind energy as Western OEMs falter
China accounted for 65 percent of global wind capacity in 2023, which pushed four Chinese wind turbine OEMs into the top five global rankings, according to analysis from Wood Mackenzie.
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CapPro newsAustralia and Denmark to launch 6 GW tender rounds
Large-scale tenders for renewable energy projects have been announced in Australia and Denmark – the former targeting 6 GW of dispatchable onshore projects, the latter focussed on large-scale offshore wind developments.
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CapPro newsRWE to supercharge US renewable energy developments with WhiteRock
RWE Clean Energy formed a strategic relationship with renewables developer WhiteRock to accelerate the expansion of RWE’s onshore wind, solar and energy storage development pipeline in the USA.
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CapPro newsRenewables and nascent technologies most exposed in high interest rate environment
High interest rates persist and the cost of borrowing disproportionately affects renewables and other nascent technologies, compared to more established oil and gas, and metals and mining sectors. Policymakers should focus on bolstering carbon markets, maximising subsidy efficiency and mobilising green finance, according to a recent report: ‘Conflicts of interest: the cost of investing in the energy transition in a high interest-rate era’ by Wood Mackenzie.
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CapPro newsPortugal prioritises onshore repowering as it edges towards 2030 goal
Capital Project Monitor has been running a close eye over Portugal’s energy sector, which has made significant strides in the renewable arena.
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CapPro newsBoosting renewable deployment in the Caspian and Central Asia region
WindEurope and the Azerbaijan Renewable Energy Agency signed a memorandum of understanding (MoU) on March 1, 2024 to advance the deployment of onshore and offshore wind energy in Azerbaijan and the wider Caspian Sea area. In what has been an oil and gas hotspot traditionally, the region’s project logisticians are increasingly involved with renewable energy cargoes.
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CapPro newsGas shortfalls and renewable delays call for diversified strategies
Energy shortfalls could and should drive new waves of Colombian energy projects, but business is still quite thin on the ground at present for heavy lift and project logistics entities.
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CapPro newsTimely progress made with low-emission steel for wind turbine towers
Despite the wind energy sector’s green credentials, the manufacture and installation of wind turbines is undoubtedly heavy industry – something that is difficult to decarbonise. Progress is being made, however, as OEMs move to eliminate CO2 from the tower manufacturing link of the chain. Progress is certainly a priority, given stringent bidding requirements seen in recent offshore rounds.
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CapPro newsSpanish energy strategy bears fruit
According to Spanish grid operator Red Electrica, the country hit an energy milestone with 50.4 percent of its annual demand met by renewable resources in 2023. The country’s energy strategy has been paying dividends, and more work looks set to follow.
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CapPro newsEnergy developers welcome UK planning reform and green growth plans
The UK’s Autumn Statement came in for praise from energy industry associations and major project developers, who believe the recommendations will help stimulate a sector that has been plagued by rising costs and planning red tape.
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CapPro newsUK wind energy pipeline under threat from rising costs and planning headaches
Westwood Global Energy Group’s current outlook for the UK’s 2030 installed base for the offshore wind sector stands at 48.4GW. This suggests that the UK will only fall slightly short of its ambitious 50GW 2030 target. However, a review of the pipeline leading up to 2030 reveals potential risks that could result in a shift in our outlook.
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CapPro newsClean spending boosts in response to pandemic
Clean energy spending allocated by governments in response to the pandemic has risen to USD710 bn, according to latest data from the International Energy Agency (IEA).