Wind Power Analytics

Onshore & offshore wind farms and other forms of renewable energy. State Renewable Energy (RES) and Portfolio Standards (RPS). Website & blog coming soon.

[Wind Power Analytics @WindParkValue]

At the center of Vineyard Wind's Connecticut bid was its plan to revitalize Bridgeport's waterfront: Barnum Landing is 18.3 acres of industrial property previously occupied by a produce importer, Turbana. It's right across from PSEG & grid connections https://t.co/HafJlTP4mH

[Wind Power Analytics @WindParkValue]

GE continues to have success selling Cypress turbines to Turkey. Developer Sanko Enerji will purchase 12 Cypress platforms known for their 2-piece blade design. Turkey represents one of GE’s biggest orders for Cypress, amassing 255-MW of capacity to date
https://t.co/KcwzIcLm1a

[Wind Power Analytics @WindParkValue]

The Guardian featured the latest analysis from CTI to point out that Australia's thermal coal industry exports $26 billion mainly to 3 Asian countries: Japan; China & South Korea.

In each of those countries, renewables are expected to "undersell" coal by 2028 at the latest

[Wind Power Analytics @WindParkValue]

Wind & solar PV are already cheaper than coal in certain parts of the world. At the latest, wind & solar will become cheaper sources of electricity than existing coal plants by 2030, according to London-based climate think tank Carbon Tracker Initiative
https://t.co/ogQhyVjRtT

[Wind Power Analytics @WindParkValue]

Azerbaijan is known for its pipelines linking Russia w/Turkey. But the country is entering green energy markets by signing contracts for large-scale renewable projects: a 240-MW wind farm near the coast of the Caspian Sea & a 200-MW solar plant near Alat
https://t.co/lbfnOEWVZw

[Wind Power Analytics @WindParkValue]

WindEurope urges Germany to streamline bureaucracy for siting wind farms. Germany installed just 1-GW of capacity in 2019 from an average of 4-GW not long ago. The continuing delay in granting permits could threaten Germany's goal of 65% renewables by 2030
https://t.co/cNsZScWV6h

[Wind Power Analytics @WindParkValue]

Virginia passes an energy bill requiring the state's 2 utilities to transition to carbon-free electricity by 2045 (Dominion Energy) & 2050 (AEP-Appalachian Power). The Clean Economy Act also mandates Dominion to develop 5.2-GW of offshore wind by YE 2033
https://t.co/5FI0w9IUVk

[Wind Power Analytics @WindParkValue]

Gov Janet Mills is studying to see whether Searsport, Maine could become a hub for building floating turbines suitable for deep coastal waters. Searsport is 40 miles east of Bar Harbor & is where Aqua Ventus will locate its hull for floating platforms
https://t.co/lsGYz5Qr4l

[Wind Power Analytics @WindParkValue]

Warren Buffett’s letter to Berkshire Hathaway shareholders credits wind energy for keeping electricity rates low. Iowa-based BH Energy generates more power than the state needs via wind & its rates have been rising at less than 1% per year
https://t.co/j26pwOOiC9

[Wind Power Analytics @WindParkValue]

Banks seem more willing to lend to standalone lithium-ion battery projects.

[Renewable Energy Investing @renewinvest]

For many years battery storage projects couldn't obtain bank financing & had to rely on private equity. But now at least some banks seem comfortable with lithium-ion battery projects. CIT was the lead bank for $140 million lent to battery developer esVolta https://t.co/FBPDj36M31

[Wind Power Analytics @WindParkValue]

Dutch wind group NWEA thinks 20% of the Dutch section of the North Sea can host offshore wind farms: "Wind energy is the holy grail of sustainability ... offshore wind in particular."

NWEA seeks 60-GW of offshore wind capacity built at sea by 2050
https://t.co/QvxAQ1e9Nq

[Wind Power Analytics @WindParkValue]

Vestas will supply 66 of its V155-3.3MW turbines to 2 undisclosed projects in China. This is the company's 1st order for the low & ultra-low wind sites that predominate in China. The total order is for 201-MW & the projects expect to come online next year
https://t.co/dZpooKh84L

[Wind Power Analytics @WindParkValue]

Spain’s Iberdrola makes its final inv decision (FID) to develop Saint-Brieuc (496-MW) at €2.4/$2.72 bil. Located 16km off the French coast of Brittany, the project will host 62 SGRE 8-MW turbines spread across 75 sq km. Estimated cost ≈ $5,500/kW
https://t.co/OTowKAAsrQ

[Wind Power Analytics @WindParkValue]

Offshore wind is expected to narrow the gap w/offshore upstream oil & gas by 2025. Capex for upstream O&G will stabilize & decline while offshore wind will continue to rise. In mature upstream markets like Europe, China & South Asia, there could be actual convergence in the 2020s

[Wind Power Analytics @WindParkValue]

OilPrice quotes WoodMac's newest forecast for offshore wind: $211 bil in global investments are expected to materialize between 2020-25. And as the size of projects increase, more oil & gas majors facing energy transition are likely to make market entry
https://t.co/8rNFMnoqAV

[Wind Power Analytics @WindParkValue]

Norway's oil & gas industry is looking to cut its emissions by 40% by 2030 and reach “near zero” status by 2050. To that end, the industry is banking on floating wind parks, carbon capture & storage (CCS) and hydrogen to lead energy transition
https://t.co/2yaUuvg5Bg

[Wind Power Analytics @WindParkValue]

Of the total 45-TWh generated by Germany’s power sector, 28-TWh (61%) was from renewable. This was a new monthly record for renewable power generation, moving past the previous record set in March 2019 (54%). This was largely due to strong, seasonal winds

[Wind Power Analytics @WindParkValue]

Germany hits 61% renewables for February in net electricity generation and the majority was from wind (46%), followed by biomass (8%) and solar (4%). Natural gas and nuclear accounted for 22%, while coal registered only 17% https://t.co/PLXIgA5oLY

[Wind Power Analytics @WindParkValue]

Per WoodMac, the epicenter of offshore wind has shifted from Europe to Asia in 2019, as China placed 76% of global offshore turbine orders (17-GW). Asia as a whole accounted for 90% & even orders from Asia excluding China (2.1-GW) exceeded Europe (1.9-GW)https://t.co/5l5NnBNkTD

[Wind Power Analytics @WindParkValue]

Saudi Arabia's threat to raise production lowers Brent to $31.0 & WTI to $27.7. SA responds aggressively to Russia's refusal to go along w/the production cut to support crude prices when demand is likely to come under pressure from the coronavirus outbreak
https://t.co/cmZKZ8ukd7

[Wind Power Analytics @WindParkValue]

Offshore wind has grown so much in importance that Ørsted recently divested from its liquefied natural gas business. Unlike Equinor, Ørsted is not currently focused on the floating wind segment. However, most observers believe it's simply biding its time https://t.co/zqkHInoz4r

[Wind Power Analytics @WindParkValue]

Ørsted continues its lead over rivals in offshore wind & the Danish developer will lead the market for at least half a decade. GTM thinks the only potential rival is Norway's Equinor which picked up 3.6-GW of capacity in Britain's third offshore wind round
https://t.co/aHxajf9SIS