Forming joint ventures to construct US offshore wind farms

Thursday, 21 March 2019

The U.S Jones Act affects the construction of U.S. offshore wind farms by limiting certain activities in U.S. waters to U.S.-registered vessels owned and operated by qualified U.S. citizens. Much of the expertise in the construction of offshore wind farms is European based. The logical mechanism for marrying European expertise with U.S. firms qualified to operate where the U.S. Jones Act applies are joint ventures. Such joint ventures must take into account the stringent U.S. citizenship requirements applicable to the ownership and operation of Jones Act vessels.

Opinion: Puerto Rico's energy future is renewable

Monday, 11 March 2019

When Hurricane Maria devastated Puerto Rico, it cut short nearly 3,000 lives, displaced thousands of families, and subjected the commonwealth to the longest energy blackout in U.S. history. This tragedy invited a new vision for Puerto Rico’s battered electric grid, and I hoped that a central tenet of the rebuilding effort would be an aggressive move toward safe, abundant and resilient clean energy.

Saratoga Wind Farm now delivering 66-MW of clean energy for MGE

Thursday, 07 March 2019

Last week Wisconsin’s Madison Gas and Electric's (MGE) said its 66-MW Saratoga Wind Farm is fully operational and delivering energy to the electric grid. MGE and Vestas – the company that built the turbines – have completed testing of the turbines and electrical systems, and the wind farm is fully online.

China’s renewable energy installed capacity grew 12 percent across all sources in 2018

Wednesday, 06 March 2019

As of the end of 2018, China’s renewable energy installation capacity had reached 728 GW, an increase of 12 percent from a year earlier, according to statistics released by China’s National Energy Administration. This breaks down into 352 GW (up 2.5 percent) for hydro, 184 GW (up 12.4 percent) for wind, 174 GW (up 34 percent) for photovoltaic (PV) and 17.8 GW (up 20.7 percent) for biomass. Renewable energy accounted for 38.3 percent of the country’s total installed power capacity, a rise of 1.7 percentage points.

Wind farm operators find path to hedge against low winds

Monday, 04 March 2019

Investment manager Nephila Holdings Ltd. and insurance giant Allianz SE have banded together to offer an insurance policy of sorts to wind farm developers known as a “proxy revenue swap.” It’s a technical way of saying they’re guaranteeing that revenue from a farm will fall within a certain range.

Source: renewableenergyworld.com