THE FRIDAY NOTE: Norway okays 1.3 GW of wind and the rest of the week's top picks
Aug 30, 2013 - During August's last week, Norway gives the green light to 1.3 GW of wind projects, RWE Innogy gets the go-ahead for 108 turbines in North Sea and the US awards a USD-7bn Defence Department contract to 22 solar firms, while the UK again puts off decision on marine renewables tech hub.
Norway’s Ministry of Petroleum and Energy on Monday approved 1,300 MW of proposed wind farms that are estimated to require a total investment of about USD 3.3 billion (EUR 2.5bn). Eight wind projects south and north of the Trondheims Fjord got the thumbs-up. Together, they will produce 3.7 TWh of renewable power, the ministry said in a press release.
RWE INNOGY GETS PERMISSION TO INSTALL 108 TURBINES IN NORTH SEA
Wednesday brought the news that RWE Innogy can add 108 turbines to its Innogy Nordsee 1 wind farm, off the coast of the Juist island in the North Sea. The green arm of German utility group RWE AG (ETR:RWE) announced it got clearance from the Federal Maritime and Hydrographic Agency (BSH) to build the Innogy Nordsee 2 and 3 wind farms. On the total area of all three wind parks the company can install total capacity of 1,000 MW.
UK GOVT DELAYS TILL DEC DECISION ON GBP-450M OFFSHORE RENEWABLES HUB
News from Britain were not as positive as from Norway and Germany, at least not for local Able UK. On Wednesday, the British government said it would delay until December its decision on the company’s proposal to build a GBP-450-million (USD 697m/EUR 527m) offshore renewable technologies hub on the South bank of the Humber Estuary. The developer said the delay is “more than a little frustrating” as the Able Marine Energy Park project has been under consideration for around four years. A decision on the scheme has been postponed several times already.
Across the Atlantic, the US Department of Defense (DOD) on Tuesday unveiled a solar power contract of up to USD 7 billion that will involve multiple-vendor, indefinite-delivery and quantity, firm-fixed-price orders for 22 firms. Under the contract, the selected companies will compete to sell green power to the US Army under power purchase agreement (PPA) task orders.
CHINA’S POWER FUTURE LIES IN 1.5 TW OF RENEWABLES, COAL
Moving to the east, Bloomberg New Energy Finance (BNEF) released a report on China’s power market which predicts that the country will add 1,583 GW of power generation capacity between now and 2030, half of which will be renewable. Total renewable energy investment in the period is expected to hit USD 1.4 trillion.
Even without such studies it is impossible to miss the signs from China, with hardly a week passing without news on big projects. The last five days were no exception as Chinese photovoltaics (PV) maker JA Solar Holdings Co Ltd (NASDAQ:JASO) said Tuesday it would build 300 MW of solar parks in China’s northeastern province of Hebei, as it seeks to diversify its revenue stream.
PANASONIC REACHES FULL CAPACITY AT 300-MW MALAYSIAN SOLAR FACTORY
Last but not least Japan's Panasonic Corp (TYO:6752) said Friday its 300-MW plant in Malaysia is operating at full capacity, producing the company’s HIT (heterojunction with intrinsic thin-layer) solar modules. The facility combines the production of wafers, solar cells and modules. Panasonic will now put even more effort into its solar business in order to meet growing demand, especially on the Japanese market where environmental awareness and appealing feed-in tariffs are resulting in record solar installations.