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Windfarms able to access greater market revenues

Windfarms able to access greater market revenues: Data collected by Cornwall Insight has shown that offshore windfarms delaying the beginning of their CfD contracts with the government, might have made substantially bigger profits since the start of 2022. Under a government’s Contracts for Difference (CfD) agreement, favourable generators, are awarded a Strike Price for each…
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New wind farms invested in by Europe totals €41bn

New wind farms invested in by Europe totals €41bn: In 2021, Europe spent an increasing total of €41 billion (£34.6bn) on new wind energy projects. WindEurope’s current report indicates the whole investment was less by 11%, when related to 2020. Nevertheless, the writers of the report mention the investments included 24.6GW of installations, which is…
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RWE invests in 400MW Rampion offshore wind farm

RWE invests in 400MW Rampion offshore wind farm: With a majority stakeholder RWE has taken over an additional 20% stake in the Rampion offshore wind farm from E.ON. Already being operated by RWE Renewables the company now holds a 50.1% stake in the 400MW wind farm. It is located 13 kilometres off the coast of…
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RWE sells stake in UK offshore wind farm to Greencoat

RWE sells stake in UK offshore wind farm to Greencoat: The German renewable energy business RWE has sold a 49% stake in its Humber Gateway offshore wind farm to financier  Greencoat for £648 million. Commissioned in 2015, the 219MW project is situated off the coast of East Yorkshire. RWE will stay the majority shareholder &…
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British, Dutch offshore wind interconnection plans agreed

British, Dutch offshore wind interconnection plans agreed: The National Grid commercial development arm, National Grid Ventures and the Dutch transmission system operator TenneT have inked an agreement to investigate the feasibility of connecting the grids of both countries to the Dutch and British wind farms through subsea electricity cables. Up to 4GW of British and…
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Major offshore wind farm extensions in Norfolk approved

Approval for two major offshore wind farm extensions in the UK has been given by the Crown Estate. The Sheringham and Dudgeon wind projects lease agreements have been signed by energy giant Equinor, covering an area of seabed off the North Norfolk coast of approximately 196 square kilometres. The two wind farms, which currently generate…
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Vattenfall’s offshore wind project gets green light

Vattenfall’s offshore wind project gets green light: Energy giant Vattenfall has been awarded development consent by the UK Government for a major offshore wind farm to be constructed. Situated off the Norfolk Coast in East Anglia the 1,8GW Norfolk Vanguard offshore wind project will provide enough energy to power almost two million homes every year.…
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