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The Hainan floating offshore wind farm is part of the provincial government's 14th 5-year master plan for offshore wind with a combined capacity of 12.3GW. Hainan's provincial government yesterday (26 September 2022) witnessed the establishment of an alliance for the offshore wind market with investment opportunities of up to Rmb45 billion ($6.3 billion). China's government has invited companies to establish an offshore wind supply chain as it prepares for the country's first 1GW floating offshore wind farm off the east coast of Hainan Island. [Extracted from the article]

Atlantic Shores and Dominion Energy are facing lawsuits from non-profit organizations over their offshore wind projects. In New Jersey, three non-profit organizations have filed lawsuits against Atlantic Shores, claiming that the project violates federal coastal protection laws. Dominion Energy is also facing a suit from public interest groups and individuals who are concerned about the impact on the North Atlantic right whale. These lawsuits are not the first to be filed against wind projects, as the "nimbyism" movement previously targeted the Cape Wind project, leading to its cancellation. Atlantic Shores, a joint venture between Shell New Energies and EDF Renewables North America, is currently developing its 1.5GW Atlantic Shores Offshore Wind Project. Dominion Energy has received final approval for its 2.6GW Coastal Virginia Offshore Wind project. Despite the lawsuits, both companies are moving forward with their projects. [Extracted from the article]

Swedish renewables developer Eolus Vind has applied for permission to build a wind farm in Västra Götaland county, Sweden. The Marbäck onshore wind farm will consist of 8 turbines and is expected to generate 250GWh per year, enough to power 40,000 households. The project is proposed for an area east of the town of Marbäck and is currently undergoing the approval process. If approved, the wind farm is projected to be completed by 2028 or 2029. Eolus Vind is also involved in other wind projects in Sweden and has projects in other countries as well. [Extracted from the article]

Ocean Winds, a joint venture between EDP Renewables and Engie, has been granted a 7-year feasibility license by the Australian Government to develop an offshore wind farm off the coast of Gippsland, Victoria. The company expects to reach a final investment decision within the 7-year period and also anticipates receiving a commercial license and support from the Victorian government. This project is part of Victoria's goal to achieve 95% renewable energy by 2035, with at least 2GW of offshore wind capacity online by 2032 and scaling up to 9GW by 2040. Ocean Winds has worked with consultants and participated in environmental studies to inform their project development plan. The High Sea Wind project will have an installed capacity of 1.28GW and will contribute to reducing CO2 emissions. The Victorian government plans to grant six more licenses for offshore wind farms in the future. [Extracted from the article]

The Irish Government has proposed four sites for the development of fixed-bottom offshore wind farms off the south coast of Ireland. These sites, which range in capacity from 900MW to 2GW, have been determined following an environmental assessment process and public consultations. The government aims to connect 5GW of offshore wind to the national grid by 2030 and 20GW by 2040. The plan has the potential to attract a €4.4 billion investment into Ireland. The deadline for submissions on the plan is June 14, 2024. [Extracted from the article]

RWE, a German renewables developer, has signed a Memorandum of Understanding (MoU) with the Port of Karlshamn in Sweden to explore a partnership for offshore wind projects in the Baltic Sea. The collaboration will focus on logistics, installation, and operations and maintenance (O&M) for RWE's planned offshore wind farms. The partners will assess the port's capacity and necessary upgrades to support the development of an offshore wind hub. RWE aims to increase its global offshore wind capacity from 3.3GW to 10GW by 2030. The Swedish Wind Energy Association estimates that there is 106GW of offshore wind power under development in Sweden. [Extracted from the article]

RWE, a German renewable energy company, has signed framework agreements with Hitachi Energy and Aibel to procure high-voltage direct current (HVDC) cable connections for future offshore wind farms. The agreements involve the supply of HVDC systems and offshore converter platforms. RWE plans to invest €55 billion between 2024 and 2030 to grow its global wind portfolio to over 65GW. The company currently has 3.3GW of offshore wind deployed in Europe and aims to raise that to 9GW by 2030. RWE is active in Europe, the Americas, Australia, China, and Japan. [Extracted from the article]

The Danish Energy Appeals Board has overturned decisions made by the local energy agency to withhold feasibility study permits for offshore wind farms proposed under Denmark's "open door" subsidy scheme. This includes five projects by Danish developer European Energy. The appeals board has referred the applications back to the Danish Energy Agency, stating that the agency did not have the necessary authority to make the decisions. European Energy is pleased with the ruling and looks forward to the agency's assessment of their projects. Denmark has recently increased the designated sea areas for offshore wind development and halted the "open door" policy, leading to the cancellation of many proposed projects. European Energy currently has other projects underway in Denmark. [Extracted from the article]

Partners at law firm Machado Meyer unravel the legal innovations and challenges behind the market-first wind power project in Brazil [ABSTRACT FROM AUTHOR]

South Korea has secured $610 million in investments from three American firms, including an investment in a 3.2GW offshore wind farm. The Ministry of Trade, Industry, and Energy announced that these commitments were made during Minister Dukgen Anh's visit to Washington DC. Pacifico Energy, Corning, and ON Semiconductor are the three companies that have made investment declarations. Pacifico Energy's investment will go towards the offshore wind farm project, making them the first American company to enter Korea's offshore wind power market. ON Semiconductor plans to expand its silicon carbine fabrication plant, while Corning will upgrade its precision metals facility. [Extracted from the article]

Thailand is planning to launch its first direct power purchase agreement (PPA) for renewable energy by the end of 2024. The pilot project will make 2GW of renewable energy available for private offtakers, including biogas, hydropower, solar, and wind power. The National Energy Policy Committee approved the project in response to requests from foreign investors in sectors such as data centers, advanced electronics, battery technology, and other future industries. The Ministry of Energy, the Energy Regulatory Commission, and the Board of Investment of Thailand will work out the details of the project, including new regulations for direct PPAs. [Extracted from the article]

Edison, a subsidiary of EDF, has purchased a 50% stake in Wind Energy Pozzallo, which owns a 957MW floating offshore wind project in Italy. The project is located off the coast of Pozzallo in Sicily and is currently in the authorization phase with the Italian Ministry of the Environment. Once operational, the project is expected to reduce CO2 emissions by 780,000 tonnes per year and operate for at least 30 years. Edison's investment in renewable energy aims to increase its portfolio to 5GW by 2030, contributing to Italy's renewable energy and decarbonization goals. [Extracted from the article]

The French Port of Brest in Brittany is seeking partnerships for industrial and logistics projects related to floating offshore wind energy. The port is considering three options for transforming itself into a floating wind energy hub: a construction site for floaters, a multiservice logistics hub, and an industrial landlord. The port's location makes it favorable for deployment to the Atlantic, the Channel, and the Celtic Sea. The call for expressions of interest is part of a government program that provides funding for French ports, and responses will help determine future investments and establish strategic partnerships in the floating wind sector. The port has already invested over €220 million to prepare for the construction and maintenance of floating wind energy assets. [Extracted from the article]

India's central government has approved new Inter State Transmission System (ISTS) schemes to evacuate 9GW of renewable energy power from Rajasthan and Karnataka. These schemes, worth Rs135.95 billion ($1.6bn), will be implemented through Tariff Based Competitive Bidding (TBCB) mode. The Rajasthan Renewable Energy Zone (REZ) power evacuation scheme will transfer 4.5GW of RE power from Rajasthan, 1GW from Fatehgarh complex, 2.5GW from Barmer Complex, and 1GW from Nagaur (Merta) Complex to Mainpuri Region, Fatehpur, and Orai of Uttar Pradesh. The System strengthening scheme of Karnataka will evacuate 4.5GW RE power from Koppal and Gadag areas. Additionally, the cabinet has approved 1GW of offshore wind energy projects in Gujarat and Tamil Nadu with a total outlay of Rs74.53 billion. India's coal ministry has also initiated a pilot underground coal gasification project in Jharkhand. [Extracted from the article]

Neoenergia, an energy company, has signed a memorandum of understanding (MoU) with the government of Ceará in Brazil to develop offshore wind generation. The agreement involves conducting joint feasibility studies for offshore wind projects off the coast of Ceará. Neoenergia has previously signed similar agreements with other states in Brazil. Ceará is home to the Pecém industrial complex, where companies are working on developing a green hydrogen hub and where offshore wind projects can be interconnected. This partnership aligns with Brazil's goal of transitioning to clean and sustainable energy sources. [Extracted from the article]

OX2 and Varberg Energi have signed a Letter of Intent (LOI) to establish Power Purchase Agreements (PPAs) for domestic offshore wind and solar PV projects in Sweden. Varberg Energi plans to purchase electricity generated by OX2's Galene Offshore Wind Farm, which has received government consent and is projected to produce 1.7TWh per year. Additionally, Varberg Energi is seeking agreements for solar PV projects in Halland. The CEO of Varberg Energi highlights the company's flexibility and ability to deliver renewable energy, and emphasizes the importance of producing renewable energy in the same area where it is used. Varberg Energi is owned by Varberg municipality and is actively seeking CPPAs with businesses for wind power offtake. [Extracted from the article]

DTEK Group has made progress in securing the grid connection for a 650MW onshore wind farm in Ukraine. They have received the technical specifications for connection to the national grid and are in the process of obtaining all required permits. DTEK is conducting surveys to assess wind flow direction and strength, and they are also in talks with land users to allocate land plots for the turbines and substations. DTEK believes that wind energy has strategic advantages and should become the basis for Ukraine's energy potential in the coming years. Additionally, DTEK subsidiary DRI is preparing to build a 127.5MW onshore wind farm in Croatia. The EU has signed agreements to support Ukrainian recovery, including support for renewable energy projects. [Extracted from the article]

Petro-Victory Energy, a Canadian company, has entered into a joint venture with Azevedo Travassos Petroleo (ATP) to produce oil in Brazil. The agreement, which is subject to regulatory approval, includes two concessions owned by Petro-Victory in the Potiguar Basin. Under the deal, ATP will cover the drilling costs for certain wells and a workover, with the net income from the wells being split 75% to ATP and 25% to Petro-Victory. Petrobras, Brazil's national petroleum firm, recently signed a memorandum of understanding with Rio de Janeiro for offshore wind development and has submitted permitting requests for offshore wind projects along the Brazilian coastline. [Extracted from the article]

Dutch battery developer Lion Storage has received a building permit to install a 364MW/1457MWh battery energy storage system in the Dutch North Sea port of Vlissingen. The project, known as Mufasa, is expected to be operational in 2026 and will serve as an energy hub with access to the TenneT grid. It will integrate large-scale hydrogen and offshore wind projects and operate on a full merchant basis, facilitating the integration of renewable power on the grid. The project aims to address the issue of inadequate grid capacity in the Netherlands and is being backed by Dutch energy transition investment group Return. [Extracted from the article]

British International Investment (BII) has partnered with Meridiam to provide $15 million, with the potential to increase to $25 million, to Rift Valley Energy (RVE), a Tanzanian renewable energy platform. This funding will support the installation of an additional 7.6MW of clean energy from wind and hydropower assets, which will connect 4,000 households and businesses to the national grid for the first time and provide sustainable energy to 170,000 people. BII has prioritized investment in Tanzania this year, previously financing the construction of telecom sites in rural areas. RVE, wholly owned by Meridiam, operates renewable energy generation and rural distribution networks in the Southern Highlands of Tanzania. [Extracted from the article]

Eurus Energy UK, a subsidiary of Japan's Eurus Energy Holdings Corporation, is set to acquire a stake in the Highland Wind Limited, the developer of the 100MW Pentland floating offshore wind farm in Scotland. The stake will be purchased from funds managed by Copenhagen Infrastructure Partners (CIP). This marks Eurus' first investment in an offshore wind project and will provide them with valuable knowledge and technologies in the sector. The Pentland project, located off the coast of Dounreay in Caithness, will have a lifespan of up to 25 years and generate enough electricity to power 70,000 homes annually. [Extracted from the article]

Girish Tanti, vice-chairman of Suzlon Group, has been appointed as the chairman of GWEC India. Tanti will now hold a dual role with GWEC, as he is already the vice-chair of the Global Wind Energy Council. This position is crucial in driving GWEC India's work with national and state governments to establish policy frameworks for the wind energy industry in India. India is currently the fourth largest wind market in the world, with 46GW of onshore wind capacity. Tanti believes that India will play a significant role in accelerating the growth of renewables globally. Ben Backwell, CEO of GWEC, also recognizes India's potential in the wind energy market and looks forward to strengthening their work with the Indian government and wind industry. This appointment comes shortly after the resignation of Suzlon's independent director, Marc Desaedeleer, who cited concerns about corporate governance at the company. Suzlon denies any financial irregularities or compliance violations and states that they have taken the ex-director's suggestions constructively. In 2012, Suzlon faced financial difficulties after a failed acquisition, but they emerged from debt restructuring in July 2020. Additionally, Suzlon recently announced that they will supply turbines for a project in Rajasthan. [Extracted from the article]

Australia has designated an area off the coast of Illawarra in New South Wales as its fourth offshore wind zone in the Pacific Ocean. The zone has a capacity of up to 2.9GW and covers a maximum area of 1,022 square km, located at least 20km offshore from Wombarra to Kiama. The decision was made following a 94-day public consultation process, resulting in the zone being scaled down from the initially proposed size and positioned further out to sea. Developers can now submit applications for feasibility licenses for offshore wind projects in this zone. If fully developed, the zone has the potential to generate enough electricity for 1.8 million homes. [Extracted from the article]

Pattern Energy has signed a 30-year power purchase agreement (PPA) with Hydro-Québec for its 150MW Broughton Wind project in Québec. The project is a joint venture between Pattern Energy and a coalition of community and First Nations partners. Construction is expected to begin in 2028, with commercial operation starting in 2029. Pattern Energy is the largest operator of wind power in Canada, with 11 facilities in operation across 5 provinces and a total installed capacity of 1,980MW. They are also a global leader in renewable energy, with 38 facilities and over 6,000MW of operating capacity in the US, Canada, Japan, and Mexico. [Extracted from the article]

Vestas, a Danish turbine manufacturer, has signed an agreement with Vattenfall and BASF to supply the Nordlicht offshore wind projects in Germany. The agreement includes the delivery and installation of 112 V236-15MW turbines, the most powerful turbines currently available, for two phases of the project. The agreement also includes a 5-year service and warranty, as well as O&M support for 30 years. The Nordlicht offshore wind farms will be located in the German North Sea and are expected to generate enough power for 1.6 million households. BASF will purchase a portion of the output to supply its chemical production sites in Europe. [Extracted from the article]

ABL Group has completed the acquisition of energy consultancy Ross Offshore from Moreld Group for NOK 100 million ($9.3m). Ross Offshore will merge with ABL Group company AGR to enhance their offerings in wells, reservoirs, and marine & survey management. Ross Offshore will operate under the AGR brand and will focus on transition projects such as offshore wind, CCS, and geothermal drilling. This acquisition allows AGR to expand their technical offering and support marine operations worldwide. [Extracted from the article]

McDermott has been chosen as the EPC contractor for the Exploits Valley Renewable Energy Corporation (EVREC) project in Newfoundland and Labrador, which will be Canada's first commercial green hydrogen project. McDermott will provide front-end engineering design, EPC execution planning services, and cost estimates for the hydrogen production, ammonia processing, and product storage elements of the project. The project will include a 3.5GW wind farm, a 150MW solar farm, a 165kta green hydrogen facility, and a 500 mtpd ammonia processing plant. McDermott's Senior VP of Low Carbon Solutions, Rob Shaul, expressed confidence in the company's capabilities and highlighted the potential for cost savings and risk reduction. The project was awarded over 186 miles of crown lands by the Department of Industry, Energy, and Technology in Newfoundland and Labrador. [Extracted from the article]

The New York State Energy Research Development Authority (NYSERDA) has announced its 8th annual request for proposals (RFP) for onshore renewable energy projects. The agency is seeking to purchase renewable energy certificates (RECs) from projects that have entered commercial operations or will be operational between January 2015 and November 2026. This initiative is part of New York's goal to achieve 70% renewable generation by 2030. NYSERDA is also planning to launch an RFP for offshore wind projects, which will run alongside New Jersey's offshore wind auction. Developers with projects located between Long Island and the New Jersey Coast can apply to either state, but the solicitation processes differ. NYSERDA recently awarded conditional contracts to 24 onshore renewable projects totaling 2.4GW in its 2023 solicitation. The deadline for the first step of the 2024 application process is July 15, 2024, with initial awards expected in September. [Extracted from the article]

Copenhagen Infrastructure Partners (CIP) has signed contracts with Century Wind Power and CSBE-DEME Wind Engineering Co for the supply, transportation, and installation of foundations for its 500MW Fengmiao Offshore Wind Farm Phase in Taiwan. The project, which was won by CIP in December 2022, is set to be operational in 2027. The contracts for the foundations and pin piles are worth over N$12 billion ($371m) and involve a 60:40 local and offshore supply ratio. CIP recently inaugurated its first offshore wind farm in Taiwan, the Changfang-Xidao project, with a total capacity of 600MW. [Extracted from the article]

Germany has awarded EnBW and SPV Offshore Wind One leasing rights to develop a total of 2.5GW of offshore wind capacity in the North Sea at a cost of €3.02 billion. The N-11.2 zone (1.5GW) was awarded to SPV Offshore Wind One for €1.96 billion, while the N-12.3 zone (1GW) was awarded to EnBW for €1.065 billion. The wind farms are expected to be operational in 2031 and will be located about 120km northwest of Heligoland. In total, there were 9 bids with a bid value of 0 cents per kWh submitted for N-11.2 and 7 for N-12.3. [Extracted from the article]

RWE, an energy company, has withdrawn from a bidding consortium that won rights for one of two offshore wind zones in the German North Sea. The company stated that the bid levels did not meet their criteria for economically viable investments. The German regulator awarded leasing rights to EnBW and SPV Offshore Wind One for a total of 2.5GW of offshore wind capacity at a cost of €3.02 billion. RWE will continue to develop the 1.6GW Nordseecluster in the German North Sea. [Extracted from the article]

Nexif Ratch Energy, a renewable energy developer based in Singapore, has received "green lane" certifications for two of its projects in the Philippines. The certifications, awarded by the Philippines Board of Investments, fast-track the permitting and licensing processes for an offshore wind project in Camarines Sur and a solar project in Calabanga. The Calabanga solar project is nearing completion, while the Camarines Sur offshore wind project is part of Nexif's larger portfolio of over 2.5GW of wind and solar projects in the country. Nexif Ratch Energy is a joint venture between Nexif Energy and Ratch Group, with a portfolio of over 6GW of renewable energy projects across Southeast Asia and Australia. [Extracted from the article]

Masdar, a state-owned company from the United Arab Emirates (UAE), has agreed to purchase a 67% stake in Terna Energy, a Greek renewables company, with plans to fully acquire the company in a deal worth €3.2 billion ($3.4 billion). The initial stake will be acquired from GEK Terna and other shareholders, and if the deal is approved, Masdar will make an all-cash mandatory tender offer to acquire the remaining shares. Masdar intends to support Terna Energy's operations in Greece and other European countries, with a goal of achieving an operational capacity of 6GW by 2030. This acquisition represents one of the largest in the European renewable energy market and is part of Masdar's plan to achieve a global portfolio of 100GW by 2030. [Extracted from the article]

Brazilian oil and gas company Petrobras has signed a memorandum of understanding (MoU) with Rio de Janeiro to explore the development of offshore wind projects in the state. The agreement involves studying the feasibility of a pilot offshore wind project, collaborating on technology testing, and supporting future commercial-scale projects. Currently, there are 15 offshore wind projects in Rio de Janeiro state under review for licensing. Petrobras has also submitted permitting requests for 23GW of offshore wind projects along the Brazilian coastline and has partnered with Equinor for future developments. This collaboration follows a previous agreement between Petrobras and Rio de Janeiro for the development of a carbon capture hub. [Extracted from the article]

Eurowind Energy has applied for a permit to build a 72MW onshore wind farm in the south of Sweden. The Liasjön Wind Farm will be located in Osby municipality and will consist of 10 turbines with a maximum height of 270m. The facility is expected to generate 225,000MWh per year, enough to power 11,000 homes. The project underwent consultations and an environmental impact assessment in 2023, resulting in a reduction in the number of turbines. The wind farm's output will contribute to meeting the region's increasing power demand and aims to increase the region's self-sufficiency in electricity production to at least 50% by 2030. [Extracted from the article]

energyRe has submitted proposals to the New York Independent System Operator (NYISO) to develop transmission systems for offshore wind power in New York City. The proposals, known as the Clean Borough Power Link, aim to accommodate varying levels of offshore wind from lease areas in the New York Bight and off the coast of Massachusetts. This is in response to NYISO's Public Policy Transmission Need, which seeks transmission solutions to deliver at least 4,770MW of offshore wind generation into New York City. energyRe is also working on Clean Path New York, a project that combines a new transmission line with wind and solar power. They have raised a $1.2 billion capital package and signed a deal with Elia Group to purchase a stake in their subsidiary. energyRe is owned by real estate company Related Companies. [Extracted from the article]

DRI, a renewable energy company and subsidiary of Ukrainian energy group DTEK, has acquired the Vacaresti solar project in Romania. The project, with a capacity of 126MW, has already secured land, grid connection, and permits. Construction is set to begin in autumn 2024 and be completed by autumn 2025. Once operational, the solar park is expected to produce 205.8GWh per year, powering 50,000 homes and avoiding 48,600 tonnes of CO2. This acquisition adds to DRI's existing renewables portfolio in Romania, which includes the Glodeni solar farm and Ruginoasa wind farm. DRI aims to reach 1GW of renewable energy in Romania and a 5GW renewable portfolio in Europe by 2030. [Extracted from the article]

Marubeni Corporation's offshore wind project in Japan, the Southern Akita Floating Offshore Wind Demonstration Project, has received support from the Green Innovation Fund operated by the New Energy and Industrial Technology Development Organization (NEDO). The project aims to expand overseas through cost reductions and will begin in July 2024, with commercial operation scheduled for autumn 2029. The project will deploy two units of over 15MW wind turbines off the southern coast of Akita Prefecture. The Green Innovation Fund, established by Japan's Ministry of Economy, Trade and Industry, supports various projects, including offshore wind generation cost reduction. [Extracted from the article]

Swedish developer Arise has signed a cooperation agreement with Finnish private forest owner Finsilva to jointly develop 500MW of wind and solar PV assets, potentially with battery energy storage. Finsilva, owned by funds of Finnish manager Dasos Capital and Ilmarinen Pension Insurance Company, will have the opportunity to purchase minority stakes in the projects during the investment phase. Arise's Finnish subsidiary, Pohjan Voima, is currently developing onshore wind farms in areas partly owned by Finsilva. This partnership aims to create a new model for cooperation in project development and investment. [Extracted from the article]

Danish offshore wind developer Ørsted has made a final investment decision to install a battery energy storage system (BESS) at the Hornsea 3 offshore wind project in the UK. Ørsted has chosen Tesla to provide the Megapack stacks for the 300MW/600MWh BESS, which will be able to power 80,000 households. The battery will be used to balance fluctuations in the wind farm's energy generation, reduce price volatility, and manage power supply and demand on the UK market. The battery is expected to be operational by the end of 2026 and will be located next to the onshore converter station in Swardeston, near Norwich. Ørsted already has 660MW/1,850MWh of BESS projects in operation or under construction in the UK and US. [Extracted from the article]

The County Administrative Board of Västra Götaland in Sweden has recommended that the government grant a conditional permit for a 2.5GW floating offshore wind farm called Mareld. The wind farm, sponsored by a joint venture between Hexicon and Mainstream Renewable Power, is planned for an area 40km west of Lysekil and the island of Orust. If approved, Mareld will generate 12TWh of green electricity per year. This project is part of Sweden's efforts to meet its increasing electricity demand and transition to renewable energy sources. [Extracted from the article]

The Netherlands is making progress in conducting marine surveys for the Doordewind Offshore Wind Zone, a 4GW project consisting of two sites located 77km off the country's north coast. The surveys include a 2D-UHR survey by Fugro in the south-eastern area, a large-scale 3D-UHR survey by PGS in the north-western area, and a seabed survey by G-TEC in the same area. This is the first time a 3D-UHR survey of this scale is being conducted for an offshore wind project in the Dutch North Sea. The data gathered from these surveys will contribute to creating a more detailed ground model for developers. The Doordewind I and Doordewind II sites, each with a capacity of 2GW, are planned for tendering in 2027 and commissioning in 2031. Additionally, the results of a tender for the IJmuiden Ver Alpha and IJmuiden Ver Beta projects, with a commissioning date of 2029, will be announced soon. [Extracted from the article]

Qualitas Energy Deutschland (QED) has acquired an onshore wind project in Brandenburg and plans to repower it. The wind farm, which has been operational since 1999, features Enercon turbines. The repowering project is currently in the advanced planning stage and will increase the project's total installed capacity to 36MW through the use of modern turbines. This acquisition aligns with Qualitas Energy V's goal of investing in the repowering and greenfield sectors in Germany and owning an onshore wind pipeline with a total capacity of 6GW. [Extracted from the article]

Jan Kjaersgaard, the president of GE Vernova's offshore wind division, has left the company after three years. Kjaersgaard, who joined the company in June 2021, did not provide a reason for his departure but mentioned plans to work on the next chapters of his career. GE Vernova has not yet announced a successor for Kjaersgaard. In April, the New York State Energy Research and Development Authority cancelled contracts for 4GW of offshore wind projects after GE Vernova made changes to its turbine design. GE Vernova, Vestas, and Siemens Gamesa are considered the three largest turbine suppliers in Europe and the US. [Extracted from the article]

The Arkansas Teacher Retirement System (ATRS) recently approved two infrastructure fund commitments totaling $100 million. The funds include a $50 million commitment to the Macquarie GIG Energy and Climate Opportunities Fund and another $50 million commitment to the KKR Global Infrastructure Investors V (GII V) fund. ATRS has existing relationships with both managers. The KKR GII V fund, launched in 2023, aims to raise $20 billion and has already received $11 billion in commitments. It focuses on risk-based investments in regulated, contracted, and protected assets. The Macquarie Green Energy and Climate Opportunities Fund, launched in 2023, targets large-scale renewable energy projects in the Americas, Asia-Pacific, and Europe. It recently acquired a 17GW renewables portfolio. [Extracted from the article]

The Netherlands has awarded two consortia the rights to develop offshore wind farms in the 4GW IJmuiden Ver zone in the North Sea. Noordzeker, a consortium of SSE Renewables, Dutch pension funds ABP and APG, won the permit for IJmuiden Ver Alpha, while Zeevonk II, a joint venture of Vattenfall and Copenhagen Infrastructure Partners, won the permit for IJmuiden Ver Beta. The wind farms are expected to be operational by 2029. The developers will also repay €40 million in expenses incurred in conducting environmental impact assessments and marine studies. [Extracted from the article]

Con Edison, one of the largest investor-owned utilities in the US, has hired Kirkland Andrews as its new CFO. Andrews, a former executive at Evergy and NRG Energy, will take over from current CFO Robert Hoglund, who is transitioning to a senior VP role before retiring later this year. Andrews brings extensive experience in financial operations and renewable energy initiatives to his new position. Con Edison is involved in the development of Propel NY, a transmission line that will bring 3GW of offshore wind power to Long Island and the rest of the New York grid. [Extracted from the article]

China's State Power Investment Corporation (SPIC) is planning to develop a 105MW wind complex in the state of Rio Grande do Norte in Brazil. The project will require an investment of R$780 million ($146m), with construction set to begin in June 2024 and the project becoming operational in 2026. SPIC will sell the project's output in the free energy market. Despite challenges in the wind energy sector, SPIC remains committed to investing in Brazil's growth potential. SPIC currently operates a 3.4GW portfolio of conventional and renewable assets in Brazil, and is also working on hydrogen and offshore wind projects. [Extracted from the article]

GE Vernova and Seatrium have been awarded a contract by TenneT to construct 2GW of offshore converter platforms for an offshore wind project in the Netherlands. The project, called Nederwiek II Offshore Wind Farm, will be located 95km off the Maassvlakte. The high-voltage direct current (HVDC) offshore system is expected to be operational by 2031. This is the third contract signed by the GE Vernova/Seatrium consortium with TenneT as part of a framework agreement. The agreement is worth €2 billion and covers the construction of HVDC converter systems for offshore wind farms. TenneT aims to connect 40GW of offshore wind capacity to the grid in the German and Dutch North Sea by 2031. [Extracted from the article]

Titanium miner Tronox has signed a long-term power purchase agreement (PPA) with NOA Group to supply 497GWh of renewable energy to its mines and smelters in South Africa. The energy will come from wind and solar power plants with a capacity of approximately 200MW. This agreement is part of Tronox's efforts to ensure that 70% of its South African operations are powered by renewable energy. Tronox has also previously entered into a deal with SOLA Group for a 200MW solar project. These renewable energy agreements are expected to reduce Tronox's greenhouse gas emissions by 25% compared to their 2019 baseline. [Extracted from the article]