7 December 2017 2017 11:15 AM GMT

Google Leads The Way In Purchasing Clean Energy; Signs 196 MW PPA With Avangrid

Avangrid Renewables, a subsidiary of AVANGRID, Inc. has announced that it has signed its first major wind contracts with Google, a subsidiary company of Alphabet, for 196 megawatts of new South Dakota wind power. The power purchase agreements will cover the full output of Avangrid Renewables’ Coyote Ridge and Tatanka Ridge Wind Farms in Brookings and Deuel counties, each 98 MW, just northeast of Brookings, east of I-29. The two wind farms would produce enough energy each year to power the equivalent of more than 50,000 average households with clean, homegrown energy. Once the wind farms come online, the additional capacity will help Google reach its goal of purchasing enough renewable energy to match its energy consumption for global operations.

“Renewables from projects like Coyote Ridge and Tatanka Ridge bring value to our business as we scale and accelerate investment in the communities where we operate,” said Gary Demasi, Google’s director of global infrastructure. “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.”

Bloomberg reports that “Google has now signed enough renewables deals to match all of its energy needs this year, though not all the projects are currently operational. The company has agreed to buy 2,397 megawatts of clean power in the U.S. — and 3,186 megawatts overall”. Kyle Harrison, a New York-based analyst at Bloomberg New Energy Finance (BNEF), said that Google’s “electricity consumption is considerable, but for them to meet that already by buying renewable energy is a huge achievement. Google is buying renewable energy across three continents, and has paved the way for dozens of other companies.”

Avangrid Renewables anticipates that the two wind farms would contribute more than $40 million over their lifetimes in combined land lease and tax payments.

“Working with partners like Google who have made a commitment to 100% renewable energy for their global operations is exciting and inspiring,” said Avangrid Renewables President and CEO Laura Beane. “This partnership creates a positive impact in these local communities, delivering jobs, new investment and economic development for rural America while advancing our country’s energy independence.”

In addition to these new projects, Avangrid Renewables already owns and operates the 210 MW Buffalo Ridge II project in Brookings and Deuel counties, the 50.4 MW Buffalo Ridge I project southeast of the proposed Coyote Ridge project, and 50 MW from the 150 MW MinnDakota Wind Farm in Brookings County. Upon commercial operation for Coyote Ridge and Tatanka Ridge, the company will own and operate more than 500 MW of wind power in South Dakota. Avangrid Renewables is finalizing its development work at the Coyote Ridge and Tatanka Ridge projects and expects to be in full construction by 2019.

Image: Courtesy Of Avangrid Renewables, LLC

January 10th 2018
US: Doubling Of Wind & Solar Capacity Possible By 2020 as Coal & Nuclear Drop

In the latest issue of its “Energy Infrastructure Update” (with data through November 30, 2017), the Federal Energy Regulatory Commission (FERC) notes that proposed net additions to generating capacity by utility-scale wind and solar could total 115,984 megawatts (MW) by December 2020 – effectively doubling their current installed capacity of 115,520 MW.  The numbers were released as FERC prepares for a January 10 meeting to consider U.S. Department of Energy Secretary Rick Perry’s proposal for a bailout of the coal and nuclear industries.

February 5th 2018
Chinese Solar Surge Fuels Overall Global Growth In Clean Energy Investment

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.


 

   

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