5 February 2018 08:16 AM GMT

World clean energy investment totalled $333.5 billion last year, up 3% from 2016 and the second highest annual figure ever, taking cumulative investment since 2010 to $2.5 trillion. An extraordinary boom in photovoltaic installations made 2017 a record year for China’s investment in clean energy. This outpaced changes elsewhere, including jumps in investment in Australia and Mexico, and declines in Japan, the U.K. and Germany. The figures up 3% from a revised $324.6 billion in 2016, and only 7% short of the record figure of $360.3 billion, in 2015.

January 8th 2018
Vestas Sets 10.6 GW Record In 2017 After Year-End Surge; Ups Cashflow Guidance

Vestas has received a firm and unconditional order for 190 MW of 4 MW platform turbines in the U.S. taking the global order intake for the company in 2017 to 10.6 GW, surpassing 2016’s record order intake of 10.5 GW. The surge of orders at the end of the year has resulted in the company revising its guidance for free cashflow upwards. It now expects the free cashflow for 2017 to be €1.15bn-€1.25bn, as compared with the previous guidance of €450m-€900m. Markets have reacted favourably with the company share price experiencing an increase of 5%. 

January 5th 2018
Nordex Benefiting Increasingly From Renaissance Of Spanish Wind Energy Market

The Nordex Group is benefiting increasingly from the renaissance of the Spanish wind power market: utility Gas Natural Fenosa Renovables (GNFR) has now ordered 58 AW132/3300 from the company in December. The contract covers the installation of six wind farms as well as multi-year services for the turbines. Construction of the first turbines will commence in the summer of 2018 and all the projects are located in regions of Spain where the Nordex Group has manufacturing facilities. In addition, the towers will be produced locally using the process developed by the company.

December 15th 2017
Beyond Petroleum. BP Returns To Solar; Following Shell, Total Into Clean Energy

BP and Lightsource have announced a strategic partnership combining BP’s global scale with Lightsource’s solar expertise. BP will acquire 43% equity share in Lightsource for $200 million, with the majority of the investment funding Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP. BP is not alone in moving away from oil and gas and towards clean energy. Anglo-Dutch Shell is purchasing electric car infrastructure companies, France’s Total is acquiring battery storage firms and Norway’s Statoil is pioneering floating wind farms.

December 15th 2017
Vestas Strengthens In India. Wins 250 MW Wind Project: Its Largest Order To Date

Vestas’ has just gained strength in a strategically significant market for the company. Its extensive experience from around 4 GW of turnkey projects across the globe has secured its largest project in India to date. The record order was placed by Ostro Kutch Power Private Limited and awarded through India’s first wind power auction held in February 2017. The 250 MW turnkey order follows another 100 MW turnkey project in India earlier this year, taking the total order intake in India to more than 480 MW in 2017. The project starts in the third quarter of 2018, and includes delivery, installation, commissioning and servicing of the 125 turbines.

 
December 13th 2017
EDF Commissions 179 MW At Two Solar Power Plants In Nevada

Policy makers led by US Senator Harry Reid were present at a celebration formally recognising Switch Stations 1 and 2 solar power plants, with a combined generation capacity of 179 MWac, as fully commissioned and in commercial operation. Senator Reid stated “Less than a decade ago, Nevada’s solar energy landscape was nonexistent, but this commissioning helps fulfil the vision I had to make our state the leader in renewable energy development. A technology giant like Switch committing to using 100% renewable energy is truly visionary and grows our clean energy economy by creating hundreds of good-paying construction jobs here.”

December 8th 2017
Tata Power Solar Commissions India’s First Rooftop Solar Carport In Delhi

Tata Power Solar set another landmark by commissioning an unprecedented rooftop solar project in India – a solar carport on the rooftop of the sprawling 70,000 sq.m Unity One mall, in Rohini, Delhi. The unique rooftop carport is estimated to set off 438 tonnes of carbon emissions annually. The company won the bid in an open tender process fielded by Delhi Metro Rail Corporation for multi-level car parking. The project enables the mall to earn on the unused and excess solar electricity produced. It also cuts down the need to install a second meter or an expensive battery storage system as it is directly connected to the local power grid.

December 8th 2017
India: Increased Commitment By Government Drives Demand For Solar Inverters

SMA has announced that it sold more than 1GW of solar inverters into all market segments in India in 2017. SMA inverter sales in the commercial sector have doubled compared to last year, corresponding to a market share of 30%. In total, the installed SMA inverter base in India exceeds 3 gigawatts. “India is one of the key markets for SMA in the Asia Pacific region. In the last 3 years, we have seen strong commitment from the Indian government driving growing market demand in the solar sector”.

December 7th 2017
Google Leads The Way In Purchasing Clean Energy; Signs 196 MW PPA With Avangrid

Google has reached power purchasing agreements with Avangrid Renewables for 196 MW of wind power. The agreements cover two wind farms, producing enough energy each year to power 50,000 households. The additional capacity helps Google reach its goal of purchasing enough renewable energy to match its energy use in global operations. Gary Demasi, Google’s director of global infrastructure stated: “with solar and wind declining dramatically in cost and propelling significant employment growth, the transition to clean energy is driving unprecedented economic opportunity and doing so faster than we ever anticipated.”

December 4th 2017
Siemens Gamesa Strengthens Lead In India With New Order For 200 MW Wind Farm

The agreement is a strong, positive development for the company in the Indian market in the wake of its temporary slowdown. The agreement encompasses the entire infrastructure needed to operate the project together with the supply of 100 of its G114-2.0 wind turbines with a hub height of 106 meters, specifically designed for the low-wind sites typical of India. The project is expected to be commissioned by February 2019. Present in the market since 2009, Siemens Gamesa has installed over 5 GW in India and the company has been the leading OEM in India for the last three years.

November 30th 2017
Vestas Boosts Presence In Spain. Seals Agreement To Build 5 New Wind Parks

At WindEurope 2017 in Amsterdam, Vestas and Gas Natural Fenosa has sealed an agreement to build 86 MW of wind energy across five new wind parks in Spain. The wind parks will be Vestas’ first projects derived from Spain’s latest auctions held in May. Commissioning and installation of the wind turbines is expected for the second half of 2018. The renewables branch of Gas Natural Fenosa, one of the leading utilities worldwide, has installed more than 400 MW of Vestas’ turbines in Spain, the latest installed in 2016.

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