Offshore Wind Energy Lease Rules, 2023 For more information please see below link:
Ignitis, CIP win tender for 1.4-GW offshore wind area in Estonia – EQ
Ignitis Renewables and Copenhagen Infrastructure Partners (CIP) have won Estonia’s first offshore wind auction, for the development of the Liivi 2 sea area with a capacity of up to 1.4 GW, the parties said today. The subsidiary of Lithuanian energy company Ignitis Grupe AB (VSE:IGN1L) and the Danish fund manager, through its Growth Markets Fund […]
UK raises offshore wind price cap by 66% for next CfD round – EQ
The UK government has increased the maximum price for offshore wind projects in its upcoming Contracts for Difference (CfD) auction following the failure to contract any offshore wind project in its latest round. For the sixth CfD allocation round, which will open in March next year, the maximum strike price for offshore wind will be […]
Rhode Island launches 1.2-GW solicitation for offshore wind – EQ
Rhode Island Energy, Rhode Island’s leading energy utility, has issued a request for proposals (RfP) for 1,200 MW of offshore wind projects in line with the state’s efforts to bring in more green power and reach its renewable energy goals. The competitive round is the state’s largest renewable energy solicitation to date, the utility said […]
Ignitis, Ocean Winds win Lithuania’s 700-MW offshore wind tender – EQ
Lithuania’s National Energy Regulatory Council (NERC) on Thursday pronounced the joint venture (JV) between Ignitis Renewables and Ocean Winds as the official winner in the Baltic state’s inaugural 700-MW offshore wind tender. The JV offered a development fee of EUR 20 million (USD 21.1m) for the offshore wind project, the amount that will be paid […]
UK contracts no offshore wind in 3.7-GW CfD round – EQ
Renewable energy projects totalling 3.7 GW, with no offshore wind at all, have been awarded funding in the latest round of the UK government’s Contracts for Difference (CfD) scheme. The fifth CfD auction saw 1,927.68 MW of solar projects and 1,480.74 MW of onshore wind win contracts at strike prices of GBP 47 (USD 58.6/EUR […]
Govt waives ISTS charges on offshore wind, hydrogen, ammonia projects – EQ Mag
The government on Monday announced a complete waiver of the inter-state transmission system (ISTS) charges on offshore wind, green hydrogen and ammonia projects for 25 years. The waiver is applicable to projects commissioned till December 31, 2032, the Ministry of Power said in a statement. “This decision has been taken to facilitate wider execution of […]
Ireland awards 3 GW of offshore wind at “hugely competitive” price – EQ Mag
Four projects totalling 3,074 MW have been successful in Ireland’s first offshore wind auction under the Renewable Electricity Support Scheme (ORESS 1), it was announced today. The Department of the Environment, Climate and Communications said that the results have surpassed expectations, both in terms of the energy procured and the price achieved. The average price […]
9 European nations set to turn North Sea into green power plant – EQ Mag
Brussels : Nine European countries have signed a declaration aimed at transforming the North Sea into a green power plant. The declaration, signed on Monday at the second North Sea Summit in Ostend, Belgium, sets ambitious targets including the production of at least 120 gigawatts (GW) of offshore wind energy in the North Sea by […]
Submissions under new CfD auction in UK due by April 24 – EQ Mag
The application window under the newly-opened fifth allocation round of the Contracts for Difference (CfD) scheme in the UK is scheduled to close on April 24, 2023. An indicative table based on different scenarios is available here: https://www.cfdallocationround.uk/sites/default/files/2023-03/AR5%20indicative%20timetable%20-%20all%20scenarios%20-%20%20%281%29_1.pdf Launched on Thursday, Allocation Round 5 (AR5) has a budget of GBP 205 million (USD 252.9m/EUR 233m). […]