Category: Rumors


PNE Wind planning to invest GBP 500 million in renewable energy projects in UK

May 18th, 2010 | Posted in Wind

PNE Wind, the German renewable energy company, seems to be planning a major investment activity in the UK in the vicinity of GBP 500 million. The company has recently opened a London based venture, and there are plans to open offices in Scotland as well by the end of the year. PNE Wind is aiming to become a major player in the UK wind energy market.

PNE Wind UK will be developing a portfolio of wind projects in England, Scotland and Wales totalling in more than 300 MW of capacity.

The company has thus far been involved in onshore and offshore wind energy project development in several countries such as Bulgaria, Hungary, Turkey, Germany, but also in North America in Canada and the US.

PNE Wind UK will concentrate on onshore wind power generation sites across the UK.

[source: Scotsman]


Finland funding renewable energy growth – planning hundreds of millions of euros in funding

April 21st, 2010 | Posted in General

The Finnish government seems to be planning major investments in the renewable energy sector, according to a recent statement made by the country's Prime Minister to national boradcaster YLE. Finland is aiming to cut carbon emissions, and some of the planned activities include the creation of a stimulating environment for renwewable energy development, resulting in hundreds of millions of euros in funding for this energy sector.

The Finnish government is to make a decision soon on whether to proceed with proposed nuclear power capacity development. So far there have been three applicants for nuclear power plant development, although the government has stated there is no need for three projects.

[source: Reuters]

Venezuela planning major wind energy developments

April 15th, 2010 | Posted in Hydro Wind

According to recent reports from local media, Venezueal is planning major wind energy developments in the country. New wind energy capacity could reach as much as 10 GW over the next 15 years, according to the official ABN news agency.

Ironically, Venezuela is one of the largest exporters of oil in the world, so this turn towards clean energy sources is a major change. Wind development in Venezuela will be the conclusion of a somewhat separate project which will determine the country's wind energy potential, and will be conducted by the Venezuelan Wind Energy Association, headed by professor Oswaldo Ravelo.

If the country's successfully installs the mentioned 10 GW of wind energy capacity, it will have reached 10% of the total electricity demand by 2025.

Not only wind energy is considered though, as there are plans to assess wave energy potential in the country's coastal areas.

[via: Latin American Herlad Tribune]

DONG Energy submits tender for Anholt offshore wind farm concession

April 13th, 2010 | Posted in Wind

Location of the Anholt Wind Farm.

DONG Energy has submitted a binding tender to the Danish Energy Agency for obtaining the concession to develop the 400 MW Anholt wind farm, to be located off the coast of Denmark. The total investment in the project is expected to reach about DKK 10 billion (EUR 1 billion). The Anholt wind farm project has been announced in May 2009.

The Anholt offshore wind farm represents a significant expansion of Danish wind energy capacity, and will be aid the country's effort to switching more towards clean energy in the future, as well as put the country back on the path to being a global leader in wind energy development.

Anholt wind farm is expected to supply power for the first time in 2012, with final completion to happen in 2013. Generated electricity will be enough to supply about 400,000 average Danish households, which is about 4% of Denmark's total power consumption.

All this however is still undecided, as the winner of the concession for Anholt offshore wind farm will be announced on April 19, 2010.

[source: DONG Energy]

Mitsubishi Heavy Industries building a wind turbine plant in the US

February 16th, 2010 | Posted in Wind

According to an article in Reuters, Mitsubishi Heavy Industries seems to be planning a wind turbine manufacturing plant in Fort Smith, Arkansas. The investment involved in this project is about USD 100 million.

MHI officials will be making a final investment decision after seeing if the demand rises, which is expected sometime in the second half of the financial year 2010.

[source: Reuters]

Missouri may be getting a 300 MW wind farm

February 9th, 2010 | Posted in Wind

Farmers and property owners in Benton County, central Missouri, have agreed to explore the possibility of developing a 300 MW wind farm in the area. Some 50 farmers and property owners met at a local high school discussing the idea of building wind turbines at various locations in Benton County.

The preliminary proposal for the wind farm includes the construction of 100-125 wind turbines in the north of the county, which could result in up to 300 MW of clean power generating capacity. Apart from clean electricity, the project is also interesting because it would create jobs for the local community as well.

[source: Kansas city, via: TheWindPower.net]

Wind energy industry not immune to fraudulent behavior

November 12th, 2009 | Posted in General Wind

cuffedIt seems the wind energy industry is not without its share of fraudulent activities. In Italy, the country's finance police has arrested two of the country's most prominent businessmen from the wind energy sector. The arrested individuals are reported to have been involved in fraud in obtaining public subsidies to construct wind farms. Additionally, the police is also investigating the sales of wind farms to foreign companies.

The arrests were part of an operation somewhat humorously named "Gone With the Wind".

[source: Financial Times]

Suzlon may be low on cash – talking to banks to renegotiate loans

November 11th, 2009 | Posted in General

graph-going-downSuzlon, the largest wind energy technology manufacturer in India, and one of the largest in the world, is having a bit of a cash problem, an unwelcome effect coming from the financial crisis.

The company is engaged in talks with Indian banks trying to renegotiate loans in order to improve the company's balance sheet.

Alternatively, Suzlon may choose to divest more assets, and build up its cash position.

[via: Financial Times]

Maldives to develop wind farm to supply 40% of the island's electricity demand

November 5th, 2009 | Posted in Wind

Maldives are taking on the media in the past weeks, first with the underwater government cabinet meeting, and now with the announcement of a plan to develop a wind farm which will supply about 40% of the island state's electricity needs. Once built, the Maldives will be a country with the highest proportion of renewable energy in the overall energy portfolio, in the world.

The proposed wind farm, according to this article on the Guardian.co.uk, will consist of 30 wind turbines, and will deliver about 75 MW of clean electricity, at full capacity. This is more than enough to power the capital, the international airport and the surrounding resorts. All excess power will be used for desalinization plants, and to produce bottled drinking water from the sea.

Enjoy your vacation on the Maldives knowing your luxury is powered by clean energy.

A beach on the Maldives - luxury powered by clean energy.

The new wind farm represents a USD 200 million investment, and will be financed and built by Falcon Energy. It will use GE made wind turbines. The next step is to perform a one-year analysis of wind conditions to assess the best placement of the turbines. Afterwards, the wind farm will take another two years to be built.

To provide backup for the wind farm during low wind conditions, a gas turbine is also being planned. Even though the Maldive have moderate winds, they are quite steady year-round, so there shouldn't be too much trouble maintaining wind power generation.

This is not the last bit of news involving renewable energy from the Maldives it seems, as the country it rumored to be preparing another major wind farm development announcement in the coming months.

SeaEnergy and TGC to jointly develop offshore wind farms in Taiwan

November 5th, 2009 | Posted in Wind

taiwan-mapSeaEnergy and Taiwan Generations Corporation (TGC) have signed an agreement last week to jointly develop offshore wind farms in Taiwan. According to the announcement, the companies will work on various projects, the first of which will be the Changhua offshore wind farm planned to have up to 600 MW of installed capacity.

Changhua offshore wind farm will be located in the Taiwan Strait, off the Changhua county, on the West Coast of Taiwan. The location is stretches from about 2.5 to 10 km from shore in water depths of up to 30 meters. Initially, the wind farm will be jointly owned by TGC and SeaEnergy, but may include other strategic investors in the future. The agreement, SeaEnergy is guaranteed 25% of working interest in the wind farm developments.

The Taiwan government has set 15% as its target for the use of renewable energy sources by 2025. This represents about 8.5 GW of capacity to be installed in total by 2025. Offshore wind energy potential has been identified as one of the major sources of clean energy, with the government anticipating at least about 3 Gw of offshore development.