The Australian Government has taken the first step towards the development of a new offshore renewable energy industry through the introduction of the Offshore Electricity Infrastructure Bill 2021. This Bill provides a regulatory framework to support the construction, installation, commissioning, operation, maintenance and decommissioning of electricity transmission and renewable energy infrastructure in the Commonwealth offshore […]
UK Backs Hydrogen CFDS to Repeat Offshore Wind Success Story
Eagerly awaited strategy also looks to twin-track approach for green and blue H2. The UK government finally launched its long-awaited hydrogen strategy on Tuesday, setting out proposals to build the fledgling energy sector using a contracts for difference (CfD) support mechanism similar to the one used to kick-start the nation’s successful offshore wind sector. Prime […]
Japan Mulls Undersea Cable Plan to Expand Offshore Wind
Japan is considering laying undersea cables to link offshore wind power generation with demand centers as it seeks to expand renewable energy. An expert panel from Japan’s Ministry of Economy, Trade and Industry is scheduled to hold its first meeting on the plan Monday, according to a document on its website. The project could cost […]
Taiwan’s FIT Scheme for 2021 Shows Rate Drops for Solar PV and Offshore Wind
Taiwan’s Ministry of Economic Affairs (MOEA) released this year’s feed-in tariff (FIT) scheme for renewables on January 7. The new scheme shows that both the rates for solar PV and offshore wind have been lowered, with the latter dropping by as much as 8.6%. Although the MOEA has reduced the rate for solar PV, it […]
2020: Europe’s Energy Transition in 5 Trends
From a solar resurgence to hydrogen breakthroughs, Europe’s energy transition had a landmark year, just not the one it might have expected. With 2030 climate targets up for renewal, a new set of European commissioners in place, and the post-Brexit relationship to negotiate, this year was always going to be a big one for Europe’s […]
Spain Tenders 3 Gigawatts of Renewables Under New Pay-as-Bid Model
Solar and onshore wind get 1 gigawatt each while floating offshore wind seeks foothold. Spain has launched a tender for up to 3.18 gigawatts of renewable generation in its first auction under a pay-as-bid model introduced earlier this year. The model, similar to the contracts-for-difference program used in the U.K., aims to correct problems with […]
Con Edison Contracts Its Biggest Battery to Date in New York City
A 400-megawatt-hour battery from 174 Global Power will balance NYC’s energy needs with increasing offshore wind power capacity. New York utility Con Edison has signed its biggest energy storage contract to date, a 100-megawatt/400-megawatt-hour lithium-ion battery project that will help balance a grid facing rising levels of offshore wind and other renewable power in the […]
How Europe Can Build 100GW of Offshore Wind by 2030
The EU and U.K. have ambitious goals. Now the wind sector can turn its attention to delivery. Even for an offshore wind industry that is accustomed to all things being supersized, last week was a big week. On Wednesday the U.K. released its 10-point plan to achieve its target of net-zero carbon by 2050. At […]
European Commission Proposes 300 GW Offshore Wind Target For 2050
The offshore wind strategy will back supply chains, innovation and cross-border planning for an unprecedented build-out. The European Commission proposed a 60-gigawatt offshore wind target for 2030 on Thursday, a highly ambitious goal that would require an additional 48 GW of installed capacity in just under a decade. A longer-term target of 300 GW by […]
BP Signals Imminent Hydrogen and Offshore Wind Plays
Potential investments in offshore wind and hydrogen are on the near-term horizon, says CEO Bernard Looney. BP is readying offshore wind bids during the next six months with heightened hydrogen activity also in the pipeline, the oil major’s CEO, Bernard Looney, said Tuesday. During the company’s Q3 results call, Bernard Looney said BP would “probably” […]
