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Market Analysis
Wind Power Generated 31.4% of Electricity in December in Spain
Renewables produced 44% of electricity in 2020, wind power 21.8%, concentrated solar power 1.8%, and photovoltaic 6.1%.
Wind Turbine
Vestas Secures 15 GW of Wind Power Orders in 2020
During the final days of 2020, wind turbine maker Vestas reported 572 MW of orders in various European markets, including three in Italy.
Energy Investment
Fluence Gets $125 million Energy Storage Investment Boost from Qatar
The Qatar Investment Authority has committed $125 million investment to global energy storage provider Fluence.
Electric Car
Versinetic’s EV Industry Predictions for 2021
England-based engineering consultant Versinetic is predicting progress in electric vehicle (EV) adoption and the wider rollout of charging infrastructure in the…
Offshore Wind Power
Hornsea 2 Wraps up Onshore Cable Works
Subcontractor VolkerInfra has completed onshore cable works for the 1400MW Hornsea 2 offshore wind project.
Oil Price
2021 Oil Prices Seen Hovering Around $45 per Barrel in 2021
2021 oil prices seen hovering around $45 per barrel in 2021: Moody's Investors Service.
Coal-Fired Power Plants
AES to Sell Equity in 1,242MW Coal-Fired Plant in Vietnam
Power company AES Corp has agreed to sell its majority interest in the 1242MW Mong Duong 2 coal-fired power plant in Vietnam.
Energy Investment
China's Investment in Countries Along the Belt and Road Increased by 24.9%
According to data released by the Ministry of Commerce of China, from January to November 2020, China's foreign non-financial direct investment was 659.36 billi…
Nuclear Power Plant
Eskom Shuts Down Some Koeberg Nuclear Power Plant Units
According to South African news media reports, due to the leak, Eskom has taken the Koeberg nuclear power plant's Unit 1 off the assembly line and has accelerat…
LNG Carrier
Global LNG Fleet Starts 2021 with Spate of Deliveries
Four new LNG carriers were delivered by South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering in the first four days of this year, following slow …
Microgrid
Tata Power Arm Hits ‘100 Solar Microgrids’ Milestone
TP Renewable Microgrid has installed an aggregate 3 MW of solar microgrid capacity with its 100th project commissioned in Ratnapur, Uttar Pradesh.
Hybrid Power Plant
Adani to Build 600 MW Hybrid Wind-Solar Plant in India
The Indian group secured the project in an auction held by the Solar Energy Corporation of India. The plant will sell power to the Indian grid at a price of INR…
Energy Storage System
California Grid to Soon be Supported by up to 180 MWh of Eos Zinc-Based Energy Storage Systems
Energy storage project developer EnerSmart will use zinc-based battery systems from Eos for upcoming stand-alone projects in California.
Energy Subsidies
Serbia to Spend EUR 1 million on Subsidies for Electric, Hybrid Vehicles
In order to reduce air pollution, purchases of electric and hybrid vehicles will be subsidized with EUR 1 million in 2021.
Wind Turbine
MingYang Units Deliver First Power at Haitan Strait
Developer China Huadian Corporation has notched first power from its 154MW Fuqing Haitan Strait offshore wind farm off Fujian province.
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