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15 December 2017 2017 09:15 AM GMT

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

 Vestas’ extensive experience from around 4 GW of turnkey projects across the globe has secured the company its largest wind 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 wind project in India earlier this year, taking Vestas’ order intake in the market to more than 480 MW in 2017. The project will be located in the Kutch district of Gujarat state and includes delivery, installation and commissioning of 125 V110-2.0 MW turbines, as well as the project’s civil and electrical works. The turbines will be serviced by Vestas via a 10-year full-scope Active Output Management 4000 (AOM 4000) service agreement as well as a Vestas Online® Business SCADA solution. Commissioning is expected by the third quarter of 2018.

“We are pleased to announce our partnership with Vestas to execute this prestigious 250 MW auction wind project (SECI-I, ISTS-connected). We are confident that Vestas will deliver a world-class project firmly putting Ostro past the 1 GW capacity milestone,” said Ranjit Gupta, CEO, Ostro Energy Private Limited.

“With another turnkey wind project in India, we underline the broad range of capabilities we offer our Indian customers to be successful in auctions. Our extensive experience from more than 100 turnkey projects across the globe has been key in securing this order, marking a major milestone as our largest project in India since pioneering the country’s wind energy market in 1986,” said Clive Turton, President of Vestas Asia Pacific. The wind park can produce enough power to cover the annual electricity consumption of about 5.7 million urban electricity consumers in India.

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

March 30th 2019
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.”

March 29th 2019
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.

March 30th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

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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