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The European Court of Justice has annulled the Commission's decision that feed-in tariffs, as provided by the German 2012 renewables law EEG, constitute state aid. The World Wind Energy Association explains that the European Commission pressured Germany and other governments to wrongly notify feed-in legislation as state aid, which caused feed-in legislation to be substituted […]
France has re-negotiated feed-in tariffs for six previously approved offshore wind projects with a combined capacity of 3GW.
China's National Energy Administration (NEA) has been working with the National Development and Reform Commission (NDRC) tariff department for months to determine the feed-in tariff for offshore wind, and the discussions between the two agencies are nearly finalised. It is said that inter-tidal projects will enjoy a tariff of RMB 0.85 (USD 0.14) per kilowatt hour while the nearshore […]
Taiwan's Ministry of Economic Affairs has set out the new feed-in-tariff (FiT) at TWD 5.5160/kWh (EUR 0.156731/kWh) for the 20-year offshore wind Power Purchase Agreements (PPAs) signed in 2019. The wind projects that sign their PPAs in 2019 will receive TWD 6.2795/kWh during the first ten years of operation, and TWD 4.1422 for the remaining ten years. The […]
France's Minister of Ecology François de Rugy has signed the letters approving re-negotiated feed-in-tariffs for six offshore wind projects selected in the country's first two tendering rounds.
The Global Wind Energy Council (GWEC) has called on the government of Taiwan to rethink proposed changes to the Feed-in-Tariff (FiT) for offshore wind projects.
Taiwan's Ministry of Economic Affairs has proposed a 12.71% reduction in Feed-in-Tariffs (FiTs) for offshore wind projects that sign their Power Purchase Agreements (PPAs) in 2019 as compared to the current rate.
A paper on the evaluation of the feed-in tariff scheme for offshore wind farms in Greece using a Monte Carlo approach has been published in Journal of Wind Engineering and Industrial Aerodynamics. The paper investigates the profitability range of offshore wind energy investments in Greece, taking into consideration the uncertainties faced, which include technical, political, economic and regulatory risks. […]
Developers behind the six French offshore wind projects for which the feed-in tariffs were recently re-negotiated have welcomed the confirmation that the projects are now ready to move forward.
The French Senate has voted against a proposed amendment which would allow the government to renegotiate the feed-in tariffs of the six offshore wind projects selected in Round 1 and Round 2 tenders, according to local media.
The regional council of Pays de la Loire in France is opening consultations for new offshore wind areas.
EDF Energies Nouvelles (EN) has completed the layout of the operations and maintenance (O&M) base for its Saint-Nazaire offshore wind farm in France, and has hired a local architectural firm to design the O&M building to be built in La Turballe, with a focus on landscape and environment.
French Prime Minister Edouard Philippe will decide on the fate of the six already approved offshore wind projects in the next few days, according to Le Syndicat des Energies Renouvelables (SER), a French renewables lobby.
The UK Department for Business, Energy & Industrial Strategy (BEIS) has published an independent review of energy costs, looking into reducing costs in the electricity supply chain.
Offshore Energy Exhibition and Conference on Tuesday hosted ‘The rise of renewables session’ that offered a quick-scan of various renewable energy technologies currently under development and the markets set for their commercial implementation.
Wind accounted for 51% of all new power installations in the European Union in 2016, connecting a total of 12.5GW to the grid across the 28 EU Member States – 10.923MW in onshore and 1,567MW offshore, WindEurope reports.
German Federal Network Agency (Bundesnetzagentur) today issued an invitation to tender as part of the first competitive bidding process for offshore wind under which the bidders with the lowest offered prices will be awarded contracts.
The European Commission has found amendments to the German Law on support to the production of renewable electricity (EEG 2017), which stipulate that support will mainly be granted through competitive auctions and not through feed-in tariffs from 2017 onward, to be in line with EU state aid rules. The amended EEG 2017 also included a draft bill […]
Since the last time we looked at the status of Germany's offshore wind industry only two years ago in July 2014, the number of operational offshore wind turbines has jumped from just 141 capable of producing 616MW to 835 grid connected turbines capable of 3,552MW in July 2016 and another 54 installed turbines not yet […]
Negative interest rates in Japan have pushed two of the country's biggest banks, Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group, to adding more project finance loans for, primarily European, renewable energy as infrastructure such as offshore wind farms brings strong yields. Spanish Banco Santander was the largest loan provider for renewable energy assets last year, Bloomberg writes, […]
German parliament today approved an amended Renewable Energy Sources Act (EEG 2016), which replaces feed-in tariffs with competitive auctions and limits wind energy deployment to allow for the grid development to catch up. The offshore cap, which will apply from 2021-2030, will vary from year to year to ensure that Germany reaches its 15GW wind energy target in the next […]
Wind power installed capacity in China will more than treble from approximately 149 Gigawatts (GW) in 2015 to over 495 GW by 2030, representing a Compound Annual Growth Rate (CAGR) of 9%, according to research and consulting firm GlobalData. The company’s latest report, Wind Power in China, Market Outlook to 2030, Update 2016, states that […]
Renewable energy turned out to be the bright spot of Aqualis' first quarter results, as the challenging market conditions in the oil and gas sector affected the company's business. Aqualis ASA, which operates three specialised subsidiaries – Aqualis Offshore, Offshore Wind Consultants and ADLER Solar – recorded EUR 6 million in total operating revenues in the Q1 2016, 40% down from EUR 10 million in the same period […]
The TKI Wind op Zee has released a report which identifies the differences in subsidy schemes and tax regimes for offshore wind in France, Belgium, Denmark, Germany, the UK and the Netherlands. The design of the subsidy and tax schemes determines the attractiveness for investors as it can change the risk profile and, therefore the cost […]
Renewable energy support schemes, such as Feed-in Tariffs (FiT), quota obligations, capital grants, and subsidies, will continue to be instrumental in promoting Europe’s renewable energy industry growth by 2020, according to research and consulting firm GlobalData. The company’s latest report states that of the various support mechanisms in Europe, FiTs have emerged as a particularly […]
A joint initiative of wind energy cluster organizations and industry partners in Poland, Germany, Norway and Denmark have invited suppliers to the offshore wind industry from the four countries to a delegation trip to China with a focus on offshore topics from October 12 to 25, 2015. The objective is to tap into Chinese offshore […]