15 May 2017 08:15 AM GMT

As the cost of clean technology continues to fall, the world added record levels of renewable energy capacity in 2016, at an investment level 23 percent lower than the previous year, according to new research. For instance, new investment in solar totalled $113.7 billion, down 34 percent from the record high in 2015, yet solar capacity additions rose to an all-time high of 75 gigawatts. “The investor hunger for existing wind and solar farms is a strong signal for the world to move to renewables,” said Prof. Dr Udo Steffens, President of Frankfurt School of Finance & Management, commenting on record acquisition activity in the clean power sector, which rose 17 percent to $110.2 billion.

May 8th 2017
NEOEN Uses Innovative O&M Software For Tracking Performance At Wind Farms

Neoen, a leading renewable project developer and owner, has chosen QOS Energy’s innovative O&M management platform to monitor the performance of the 315 MW Hornsdale wind project, which will be amongst the largest wind farms operating in Australia once fully commissioned. A key benefit for Neoen is that no additional hardware or system installation is required onsite to run the software, which allows for a swift and cost effective set-up of data acquisition processes. The platform gathers and analyses data generated by each turbine for all measured values using a secure VPN connection.

April 27th 2017
Brazil: Nordex Secures 195MW Contract For Turbines Designed For High Wind Speeds

The Nordex Group has now secured a major contract for the delivery of 65 AW125/3000 wind turbines. The “Lagoa do Barro” project is composed of eight individual wind farms that will be installed in the state of Piaui in northeastern Brazil.

April 26th 2017
GE Completes $1.65bn Acquisition Of World Leading Manufacturer Of Turbine Blades

With a stated objective of insourcing of blade manufacturing to strengthen its supply chain and increasing competitiveness by delivering greater value, GE Renewable Energy has completed its $1.65bn acquisition of Danish LM Wind Power; one of the world’s biggest producers of wind turbine blades, supplying not only GE’s existing renewables business but also rivals such as Gamesa of Spain and Goldwind of China. The deal is the biggest since GE created a separate renewables arm and LM Wind Power is to continue supplying wind blades to all industry players.

April 21st 2017
Renewables For Philippines: Accelerated Development And Energy Independence

A new report released by the IRENA, says that renewable energy policy making and institutional evolution can support Philippines’ development momentum and allow it to achieve energy independence. “Like many countries in its region, the Philippines faces a growing population and rising energy demand to power economic growth. Uniquely, the archipelago is also frequently exposed to tropical storms and natural disasters that affect its energy structure. Renewable energy can play a role in helping the country achieve greater energy security and distribution despite these challenges,” said IRENA Director-General Adnan Z. Amin.

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March 28th 2017
Xcel Files 1,230 MW Wind Proposal Claiming $2.8Bn Customer Savings Over 30 Years

Xcel Energy has filed a proposal, seeking approval to construct the 522MW Sagamore wind facility in New Mexico and the 478MW Hale wind facility in Texas, as well as a long-term PPA in Texas for 230MW supplied by the Bonita wind facility. The utility company forecasts that this will save customers located in both states approximately $2.8 billion over a 30-year period, borne from integrating the lower-cost wind energy resources into the company’s energy portfolio. The additional 1,230 MW of wind energy is enough electricity to power more than 440,000 typical homes, according to Xcel.

March 18th 2017
Nordex Achieves Leadership And 25% Market Share In Turkey

In 2016 Nordex consolidated its position as market leader in Turkey. With some 350 megawatts, the manufacturer accounted for a good 25% of the capacity installed in 2016. This means that Nordex remains the frontrunner in the market as a whole: with 1.5 GW the company has set up around one-quarter of the total installed capacity in Turkey amounting to 6.1 GW. The Group has now installed more than 21 GW of wind energy capacity in over 25 markets and in 2016 generated revenues of EUR 3.4 billion.

March 10th 2017
Vestas Wins 50 MW Project in Norway; Strengthening Its Position In Nordic Region

Fortum has placed an order for 14 V126-3.45 MW turbines with Power Optimised Modes to 3.6 MW, demonstrating the competitiveness of Vestas V126-3.45 MW in the Nordic region. With combined orders of close to 1,500 MW in Norway, Sweden and Finland, the V126-3.45 MW and the previous 3.0 MW and 3.3 MW rating variants are proving how the right technology can provide a strong business case in the Nordic region.

March 2nd 2017
Vestas Reclaims Top Spot In Ranking Of Wind Turbine Makers – Big Four Emerging

Vestas reclaimed top spot in the annual ranking of wind turbine manufacturers, according to figures compiled by Bloomberg New Energy Finance. Some 8.7GW of Vestas turbines were installed in 2016, 16% of all onshore wind installations last year. Vestas returns to the top spot thanks to a strong push in the US. The Danish manufacturer continues to pursue a global strategy with projects in 35 countries, more than any other turbine maker. GE placed second with 6.5GW, some 0.6GW more than in 2015. Xinjiang Goldwind Science & Technology fell from first to third place with 6.4GW in 2016.

February 24th 2017
Indian Surge Propels Ingeteam To Become Top Supplier Of Wind Power Converters

Ingeteam has announced that it achieved a new record year for the deliveries of its wind power converters worldwide. With nearly 5 GW of new capacity added in 2016 alone, a total of 36.5 GW of wind turbines have been equipped with Ingeteam’s technology since 1995, making the Spanish company the world’s number one supplier of wind power converters. Its record performance was particularly impressive in large emerging wind markets, despite intense competition. Deliveries to India and Brazil reached a peak volume of 1,268 MW and 837 MW, respectively, in 2016.

February 18th 2017
Gamesa Consolidates Indian Industrial Presence With New Manufacturing Facility

Gamesa has inaugurated its new factory in the Nellore region, in the state of Andhra Pradesh, one of the country’s fastest-growing wind power producing regions. Construction of this manufacturing facility, one of the company’s largest in India, is framed by Gamesa’s growth plans, which contemplate capex of more than €100 million through 2017 to reinforce its manufacturing presence in this market.

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