ees 2019
27 November 2017 2017 11:15 AM GMT

Vestas, Fortum Lead Expansion Of Wind Energy In Huge Russian Electricity Market

Following the success of Vestas and OOO Fortum Energy in Russia’s first wind energy auction, the two companies have signed the first order of a binding framework agreement. The framework agreement engages Vestas to supply its 4 MW platform for wind energy projects in the world’s fourth-largest electricity market, while the order includes 14 V126-3.6 MW turbines for a 50 MW project at an undisclosed site.

With the agreement, Vestas and OOO Fortum Energy will together lead the expansion of wind energy in Russia and work with local partners to establish a strong local manufacturing and supply chain capacity. This includes setting up a blade factory in the region of Ulyanovsk, as well as a nacelles assembly plant in Nizhny Novgorod region, and a towers factory in the Rostov region.

To build up and establish high standards for the relatively young Russian renewables sector, Vestas will provide its experience across the entire wind energy value chain. Among other things, this includes assistance with project siting for all wind power plants, Vestas’ market-leading products and service solutions, the establishment of local manufacturing footprint, supply chain localisation and optimisation, and turbine installation.

“As the global leader in wind energy, it is an expression of our commitment to Russia that Vestas, together with Fortum Energy, takes a strong role in helping the world’s fourth largest electricity market towards a more sustainable energy mix. Vestas will deliver its most advanced technology through our 4 MW platform as well as market-leading cost of energy and local manufacturing and supply-chain expertise that will provide affordable, sustainable energy and create long-term jobs across different Russian regions,” states Nils de Baar, President of Vestas Central Europe.

Vestas designs, manufactures, installs, and services wind turbines across the globe, and with 87 GW of wind turbines in 76 countries, it has installed more wind power than anyone else. Through its industry-leading smart data capabilities and more than 73 GW of wind turbines under service, it uses data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Vestas has more than 22,700 employees worldwide.

Image: Courtesy of Vestas Wind Systems A/S

December 21st 2018
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

December 21st 2018
Arsenal Unveil Battery Storage System: First Of Its Kind At A UK Football Club

Arsenal Football Club has unveiled a battery storage system (BSS) to store enough energy to run the 60,000 seater Emirates Stadium from kick-off to full time. It follows a unique collaboration with Pivot Power to install a 2MW/2.5MWh lithium ion BSS, with funds managed by Downing LLP. The project, the first of its kind in the UK, will also save club money as it works to support low-carbon plans. The BSS allows Arsenal to avoid peak power prices, buying electricity when it is cheap and storing it for use when prices are high. Typically, energy can cost three times more at peak times than overnight. The installation maintains Arsenal as the leader in sustainability in sport following its commitment to clean energy with Octopus Energy in 2016.

December 21st 2018
Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

November 16th 2018
India: Improved Monsoon Winds Help Power Producers in 2018 

After a prolonged period of decline, wind speeds in India during the 2018 monsoon season were significantly higher than normal; and up to 20% higher than long-term averages in some regions. These higher wind speeds benefit wind farm production; welcome news for wind energy operators and investors, who have faced several years of lower-than-normal wind energy production during the monsoon period. These increased wind speeds can thus counter recent patterns of decline contributing to an increase in investor confidence with a data-driven approach.

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