The Government has announced new funding for renewable energy companies in Ireland. Funding will be made available through NER300, a financing instrument managed jointly by the European Commission, European Investment Bank and Member States of the European Union. It will assist eight carbon capture and storage and 34 renewable energy projects in the EU. Single … Read more
The wind energy industry in the UK has reached a momentous milestone with 5GW of installed wind energy capacity or the equivalent of enough power to supply close to 3 million homes. The 5GW barrier has been achieved by the commissioning of two major wind farm developments – the expansion of Fred.Olsen Renewables’ Crystal Rig … Read more
Irish renewable energy company Gaelectric has raised $18m (Eur13.4m) from European private equity sources to fund part of its operations in the US. Gaelectric has used the money to book transmission capacity of 960 megawatts on networks in western US which will be used to deliver electricity from wind farms the company is developing in … Read more
Scotland’s renewable electricity target for the next decade is being raised from 50% to 80%. First Minister Alex Salmond has confirmed the Scottish Government’s increased national target – now 80% of Scottish electricity consumption to come from renewables by 2020 – ahead of a major international conference – Scottish Low Carbon Investment Conference – next … Read more
Vattenfall, one of the leading European energy companies, has officially opened the world’s largest offshore wind farm. The Thanet Offshore Wind Farm, located off England’s south east coast, has 100 turbines and will generate electricity equivalent to the annual consumption of over 200,000 British households. To Vattenfall wind power is an important part of the … Read more
Production of electricity from wind reached a historical record on the 6th of September this year, with around 10% of all electricity delivered to consumers generated by the UK’s wind farms, according to data from the National Grid. At the peak time of 8.30 pm on Monday 6th September, 1860MW was being generated – largely … Read more
The fund managed by BNP Paribas Clean Energy Partners has acquired 100% of Gortahile Windfarm, which owns and operates a 20 megawatt wind farm in County Laois, from ABO Wind Ireland. The Gortahile Windfarm began commercial operation at the end of August 2010. It is forecast to produce about 70 GWh of electricity per year, … Read more
Four healthcare companies, based at Ringskiddy penisula, County Cork, have combined to develop a Eur30 million wind energy project to cut their electricity costs while also reducing their environmental impact. Centocor, DePuy, GlaxoSmithKline and Novartis have formed the Cork Lower Harbour Energy Group, which plans to build a total of seven 118m wind turbines on … Read more
Norwegian oil and energy group Statoil has held discussions with Scotland’s First Minister, Alex Salmond, about the possibility of developing the world’s first floating windfarm off the Scottish coast. Two potential sites, one off the coast of Lewis and the other off Aberdeenshire, have been identified as suitable for a pilot park for Statoil’s Hywind … Read more
118 new offshore wind turbines were fully connected to the grid in the first half of 2010 according to new statistics released by European Wind Energy Association (EWEA). Those 118 turbines have a capacity of 333 MW – well over half the 577MW installed offshore last year – showing continuing strong growth in offshore wind … Read more