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WIND Renewable Eng.

59.50
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30 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Renewable Eng. LSE:WIND London Ordinary Share JE00B3B67P11 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 59.50 - 0.00 01:00:00
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0 0 N/A 0

Renewable Eng. Share Discussion Threads

Showing 926 to 937 of 1250 messages
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DateSubjectAuthorDiscuss
30/10/2018
17:24
Today: Tuesday 30 October 2018
More charts from the Engie Bursary


PARIS (Agefi-Dow Jones) - The energy company Engie announced Tuesday that it had received the necessary prefectorial authorizations for the offshore wind farm project located off the islands of Yeu and Noirmoutier in Vendée.


MAIN POINTS OF THE COMMUNIQUE:


- Following these authorizations, the company Eoliennes en Mer Iles d'Yeu and Noirmoutier (EMYN), led by Engie, EDP Renewables and the Bank of the Territories, will now be able to prepare the construction of the park (foundations, substation .. .) or the conduct of subcontracting tenders for the manufacture and installation of these components.


- This project was awarded to EMYN in June 2014.


- Offshore wind projects on the islands of Yeu and Noirmoutier and Dieppe Le Tréport also developed by Engie, EDPR and the Bank of the Territories, will have 1 gigawatt of cumulative power.


- These two parks, as well as the floating wind farm pilot project in the Mediterranean, will contribute to the achievement of France's key targets for offshore wind turbines installed by 2023.


-Agefi-Dow Jones; +33 (0) 1 41 27 48 11; djbourse.paris@agefi.fr ed: LBO


(END) Dow Jones Newswires


October 30, 2018 12:17 ET (16:17 GMT)

florenceorbis
24/10/2018
12:31
24 October 2018
News
Shell joins GWEC to expand offshore wind power business
By Talal Husseini
Share

Oil and gas company Shell has joined the Global Wind Energy Council (GWEC), as the company looks to expand its renewable offshore wind power business as part of its Shell New Energies Strategies.

GWEC chief executive officer Ben Backwell said: “We are delighted to have Shell join GWEC’s board. Shell’s experience across energy markets in many geographies and deep knowledge of technology development and engineering will bring a valuable new perspective to our work in accelerating the growth of the wind industry across the world.”

Shell announced its decision to join the group at China Wind Power 2018, China’s largest energy show in Beijing, which attracts more than 20,000 people from the industry.

The company will join GWEC as a board-level member and will also be active in the council’s Offshore Taskforce, which aims to combine expertise from within the industry to expedite offshore wind developments across the world.

Shell vice-president for wind development Dorine Bosman said: “We are pleased to join GWEC and their Offshore Taskforce to help accelerate the development of offshore wind, an important part of Shell’s growing New Energies portfolio. We look forward to working with Ben and his team and the other GWEC members.”
Fostering offshore wind power worldwide

According to GWEC, the wind power industry is expected to grow from 538GW total installed capacity in 2017, to 841GW in 2022, representing an increase of 56.32%.

GWEC’s Offshore Taskforce has already attracted some big players in the industry, including Siemens Gamesa Renewable Energy (SGRE), Ørsted, and Iberdrola, as well as developers, investors, wind turbine manufacturers, and technical experts.

Its aims include advising government on offshore wind regulations; providing cost-benefit analysis on offshore wind deployment; fostering technological innovation to optimise wind farm equipment; and creating a forum for knowledge sharing across Europe and worldwide.

“Offshore wind has huge potential in many regions, as the world looks for competitive, zero carbon energy sources that can be deployed at scale and in relatively fast time frames,” said GWEC Global Offshore Wind Ambassador Henrik Stiesdal.

“However, the industry needs to find the most appropriate technologies for deploying offshore wind in different conditions – for example floating offshore wind in regions with deep water levels, and creating efficient supply chains across the globe.”

florenceorbis
05/10/2018
15:17
Shell, Siemens Gamesa and innogy back novel floating offshore wind concept

Fri 05 Oct 2018 by David Foxwell

Print story Email us

Shell, Siemens Gamesa and innogy back novel floating offshore wind concept
The TetraSpar has a modular layout consisting of a tubular steel main structure with a suspended keel

Floating offshore wind has received a major boost with news that oil company Shell, turbine manufacturer Siemens Gamesa Renewable Energy and energy company innogy are undertaking a demonstration project using an innovative floating foundation.

Oil major Shell, innogy and Stiesdal Offshore Technologies (SOT) have signed an investment and co-operation agreement committing them to build a demonstration project using SOT’s TetraSpar floating foundation concept.

The TetraSpar’s modular layout consists of a tubular steel main structure with a suspended keel. It is expected to offer important competitive advantages over existing floating wind concepts, with the potential for leaner manufacturing, assembly and installation processes with lower material costs. The project has a budget of approximately €18M (US$21M).

Innogy chief operating officer renewables Hans Bünting said “These are exciting times. The floating offshore wind market is evolving, but until now, floating foundations have been stubbornly expensive.

“This demonstration project will give us a better understanding of how the cost can be driven down. The industrialised approach of the TetraSpar design, combined with innogy’s experience in delivering offshore wind projects, will enable large-scale, cost-effective deployment of floating wind projects around the world.”

Shell Wind Development vice president Dorine Bosman said “This initiative could help to lower the cost of offshore wind energy while providing more options for development locations, giving access to higher wind speeds and deeper water depths. Building our offshore wind business is a key part of the Shell New Energies strategy. Investing in innovative projects such as TetraSpar gives us early access to a new technology that could help us become a leading player in this field.”

The demonstration project will use a 3.6-MW Siemens Gamesa Renewable Energy direct drive offshore wind turbine and is due to be deployed in 2019. It will be located approximately 10 km from shore in water depths of 200 m at the test site of the Marine Energy Test Centre near Stavanger in Norway.

The foundation will be manufactured and assembled in Denmark and the turbine will be installed in the port of Grenaa, from where it will be towed to site. At the site the floating structure will be moored to the seabed with three anchor lines and connected to the electrical grid.

SOT chief executive Henrik Stiesdal said “We are very excited about the prospect of carrying out the deployment and test of our full-scale demonstration project in collaboration with leading industry players. We have already benefited greatly from the dialogue with innogy, Shell and Siemens Gamesa Renewable Energy during the project planning. Their experience combined with the competencies of our manufacturing and installation partners, Welcon and Blue Power Partners will put us on the fast-track for rapid commercialisation.”

The partners will set up a company with a 33% share each for innogy and Shell with the rest held by SOT and its parent company. Siemens Gamesa is contributing to the project as a technology partner and will provide the wind turbine and required services. The partners will be part of a project team that will gain detailed, practical insights into the construction, installation and operation of the TetraSpar concept as well as detailed performance data.

sarkasm
07/9/2018
06:40
Renewable/Other Energy
Equinor pledge £10bn spend in renewables to 2030

Written by David McPhee - 07/09/2018 6:00 am

Illustration of Hywind Tampen
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Norwegian energy giant Equinor confirmed yesterday that it would invest £10 billion in renewable energy to 2030.

Technology director for wind and low-carbon energy Rajnish Sharma said the firm were looking at a 20% increased spend in renewables over the next ten years.

Mr Sharma was speaking at a floating wind event hosted by Aker Solutions in Aberdeen yesterday.

He also confirmed that Equinor were looking to launch further floating wind developments in the US, Japan, India and the UK and Ireland.
Related Articles

The Norwegian firm confirmed last week that it would look to replicate the success of the Peterhead Hywind project with the 88 megawatt Hywind Tampen project located between oil platforms in the northern North Sea.

Mr Sharma said: “We’re looking at expanding. The pace of change is incredible and we need to keep moving and changing.

“For the Hywind Scotland we’ve taken bits and pieces from oil and gas and we’ve built up good cooperation between contractors and suppliers.”

Mr Sharma also spoke positively about the impact that technology has had in increasing the pace of change in the sector, especially drone technology.

He said: “In the past we had to stop for 22 hours, now we only need to stop for two hours to check things. We believe that this is the future of the industry.”

sarkasm
05/9/2018
13:08
EDF Energies Nouvelles, a subsidiary of Electricite de France SA (EDF.FR), said Wednesday that it has been awarded two wind farm projects in Brazil.

The projects--totaling 276-megawatts--constitute an extension of existing wind farms and include 20-year power-purchase agreements, the company said. Entry into service is expected in 2024.



Write to Alberto Delclaux at alberto.delclaux@dowjones.com



(END) Dow Jones Newswires

September 05, 2018 07:00 ET (11:00 GMT)

waldron
16/8/2018
14:09
Boskalis remains confident as earnings fall

16 August 2018 by Craig Richard

NETHERLANDS: Revenue, earnings and orders in Boskalis' offshore energy segment were down in the first half of the year, but the marine contractors remain positive for the remainder of 2018.
Boskalis' Asian Hercules III installing a suction-bucket foundation at Vattenfall's EOWDC project
Boskalis' Asian Hercules III installing a suction-bucket foundation at Vattenfall's EOWDC project

Boskalis’ revenue in its offshore energy segment — which includes construction and services in offshore wind, oil and gas, and pipelines and cables — fell 4.2% year-on-year to €475.7 million.

Meanwhile, the Dutch firm's €49 million in earnings before interest, tax, depreciation and amortisation (Ebitda) between 1 January and 30 June was less than half of the €105.3 million in the first half of 2017.

Low-end marine transport and services and subsea services showed the largest decline in earnings, while cable-laying — including for offshore wind farms — made a positive contribution to the result, the company stated.

In the first half of the year, Boskalis carried out cable-related projects at the 93.2MW Aberdeen Bay, 385MW Arkona, 497MW Hohe See and 406MW Horns Rev 3 projects — all of which contributed to the offshore energy segment’s revenue, Boskalis stated.

The offshore energy segment’s order book was also lower than it was one year earlier, although it excluded major contracts on which it is yet to achieve financial close.

Its order book stood at €862.3 million at the end of June 2018 — 7.2% lower than at the end of June 2017 and 14.7% lower than at the end of December 2017.

However, this figure does not include cabling contracts for the Triton Knoll and Moray East wind farms. It expects financial close on these contracts, which it stated are worth more than €150 million combined, in the second half of the year.

Overall, the division made an operating loss of €7.2 million in the first half of the year. In the first six months of 2017, it made €36 million profit.

The company described the offshore energy segment’s outlook for the remainder of the year as "reasonable", and added that "large contracting projects in the order book are expected to make a good contribution to the result". The outlook for the ongoing cable-laying projects in offshore wind is also "favourable", Boskalis stated.

The marine contractors consolidated its services portfolio for the offshore energy segment under the name Boskalis in April.

ariane
29/7/2018
16:55
Are Europe’s Renewable Goals Too Ambitious?
By Irina Slav - Jul 29, 2018, 10:00 AM CDT Wind

Wind energy in Europe is expanding, but it is not expanding evenly across the continent, a new report from Wind Europe has revealed. During the first half of the year, there were a total 4.4 GW in new additions, with 3.3 GW of these onshore and the rest offshore.

Aside from the fact that this figure was 1.7 GW lower than the new wind farm additions for the first half of 2017, which was expected, the wind energy association seems concerned that in offshore installations the UK was the runaway leader with 911 MW installed during the first half. Belgium was a distant second with 175 MW, and Denmark an even more distant third with 28 MW.

“In offshore wind, Europe is too dependent on the UK, which is striding ahead in current installations and in committing to future volumes. By contrast, the rate of new installations has slowed down in Germany. Other countries also need to beef up and speed up their plans on offshore wind,” WindEurope’s CEO Pierre Tardieu said, commenting on the report.

The concept that all European countries should strive for a more even share in total wind power capacity is a little eccentric: not all European countries have the kind—and the length—of coastline the UK has, which has been instrumental in its advance as a top offshore wind performer in Europe. There is also the question of individual priorities among European countries when it comes to renewable energy.

Germany is a case in point: it was the leader in new onshore wind farm additions, with 1.626 GW added during the first half of the year. Yet at the same time, it added fewer offshore wind farms than the same time last year. According to Tardieu, this has to change.

Related: China’s CNPC To Invest $22 Billion In New Oil Frontier

This attitude that requires constant growth in both onshore and offshore wind installations is, once again, a little eccentric. After all, while renewable power is, as the name clearly suggests, non-finite, the space where renewable power installations can be assembled is very finite, and with wind there are considerations such as proximity to populated areas because of the noise issue.
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But the uneven pace of new wind farms is not the only concern of Tardieu. The chief executive is also worried about the tardiness of Germany’s government in confirming tenders for new wind power additions to the tune of 4 GW for 2019 and 2020.

“This visibility is key to the supply chain and to keep wind energy jobs and growth in Europe. Investments in manufacturing, skills and R&D only happen when governments give long-term visibility to the supply chain,” Tardieu said, noting that this visibility will be among the tools that will help Europe meet its stated target of generating 32 percent of its energy from renewable resources by 2030 and not just meet it, but do it cost effectively.

The European Union agreed last month to work for expanding the share of renewables in its energy mix to 32 percent from a more modest target of 27 percent tabled in 2016. The new target reflected the falling costs and growing competitiveness of renewables, Wind Energy reported at the time.

Perhaps in this context of falling costs it is indeed worrying that new wind installations in a market such as Germany are slowing down: two industry groups said the new onshore additions for H1 2018 were down 29 percent on the year. That’s again because of the lack of certainty the government will tender all the new capacity planned as part of EU-wide efforts to expand renewables.

Some believe the EU renewables target is too ambitious. Perhaps a slight consolation could come from the fact that wind additions have been on the rise in non-EU countries in the region as well: Turkey added 141 MW in the first half of the year, for example, ranking fourth on the onshore list of additions, ahead of Sweden, Spain, and Norway. All new wind farms should be good for the climate change fight, after all.

By Irina Slav for Oilprice.com

la forge
25/7/2018
20:56
25/07/2018 | 6:29 p.m.

Riyadh (AFP) - Four consortiums, including French companies EDF and Engie, have been prequalified for the construction of a 427 million euro wind farm in Saudi Arabia, official sources said on Wednesday.

The Doumat al Jandal wind project is presented as the first large-scale project in Saudi Arabia, the world's leading oil exporter, which is trying to reduce its dependence on black gold.

The four pre-qualified companies are France's EDF Energies nouvelles and Engie, which presented the cheapest budgets for the tender, followed by Saudi Arabia's ACWA Power and Italy's Enel Green Power, the ministry said. Saudi Energy.

With a production of 400 megawatts, the wind farm, which will be located in the province of Al Jawf (north), will provide power to up to 70,000 Saudi homes.

"The Kingdom's first large-scale wind project opens a new chapter in our quest for diversified energy," Energy Minister Khaled al-Falih said in a statement.

"The development of wind power in Saudi Arabia is an important part of our broader industrial diversification strategy," he added.

The company that will be selected to lead this project will be announced on December 18, the ministry said.

Saudi Arabia plans to increase the share of renewable energy in its total energy output to 3.45 gigawatts by 2020, and to 9.5 GW in 2023.

Crown Prince Mohammed bin Salman announced earlier this year his intention to develop the largest solar energy project in the world, in partnership with the Japanese group SoftBank and for an amount of 171 billion euros.

The MOU for this project provides for 220 gigawatts of generation by 2030, 100 times more than the generation capacity of the largest current projects.

Agefi-Dow Jones The financial newswire

sarkasm
08/7/2018
19:23
This Country Is Far Ahead Of Its Renewables Targets
By Irina Slav - Jul 08, 2018, 12:00 PM CDT Solar

Sweden is on track to reach its 2030 renewable capacity target by the end of this year, the Swedish Wind Power Association said. Wind farm builders are in a rush to make final investment decisions on new projects, so by December 2018, Sweden will have installed capacity of some more than 7 GW and production of almost 18 TWh: the 2030 renewable energy production target for the country.

It all sounds exciting and good but there are problems. One is that the more new projects come online, the lower the prices for renewable certificates—tradable credits that are a component of all renewable energy products—as competition in this market intensifies, writes Jesper Starn for Bloomberg. In fact, the forward REC price for 2021 is about 70 percent lower than for 2020 and the culprits are all these new wind farms that have received the green light and are being built right now.

A spokesman for the SWEA told Bloomberg that the only way to avoid an investor exodus from Sweden’s wind power industry is to apply a volume-based stop rule—in other words, stop issuing approvals for new projects since the 2030 target for capacity has been reached 12 years early.

“For Sweden to remain interesting for investors ahead of markets with higher revenues but greater political risks, it is important for policy makers to show that they care about past investments,” Mattias Wondollek said.

Another problem—perhaps more hypothetical for the moment—is energy storage. Last month the UK suffered a wind power production outage when the wind stopped blowing and the portion of wind in the total energy production mix dropped to a little above 4 percent at one point during the nine days of the wind draught. This compares with 13 percent on July 1, for example. The weather can be fickle but so far, the global trend has been to prioritize generation capacity and not storage. This could become a problem in many places, including Sweden.

Related: The Most Overlooked Renewable Energy Source
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Some market players, such as top turbine maker Vestas, are looking for a solution to this problem already. A recent interview with a senior executive from the Danish company revealed that Vestas has plans to expand into so-called hybrid solutions that include both generation capacity and battery storage.

“We’ve actively looked into developing hybrid solutions: combining wind, solar and battery storage,” Nils de Baar, head of Vestas’ northern and central Europe operations, told Wind Power Monthly. “It’s very important for the industry that we can offer baseload power to the grid with hybrid solutions.”

These hybrid solutions, also have another goal: keeping the industry going after the phase-out of subsidies, which, De Baar says, will happen sooner or later, starting with the Scandinavian countries.

So, hitting a target 12 years early is certainly an achievement, helped by generous subsidies and a government policy firmly on the renewables path. Now, if the government goes with the SWEA recommendation of a volume-based stop rule, the industry will need to find other ways to continue doing business besides building wind farm after wind farm. Hybrid solutions including storage seem like the direction that makes the most sense.

By Irina Slav for Oilprice.com

grupo
02/7/2018
13:02
PARIS (Agefi-Dow Jones) - Gas and electricity supplier Engie announced on Monday that it has signed financial agreements with the Swiss asset manager SUSI for the Tonstad project, a 208 megawatt wind farm in Norway.


"Engie has developed the project, will participate in the construction and will provide operational support for the wind farm with 20% of the project," says the group, adding that SUSI Partners, which has structured the financing, will be the majority investor of the project with a participation of 80%.


All of the energy produced by this park, which will be one of the largest in the country, will be sold for 25 years to Hydro Energi, a subsidiary of Norwegian aluminum producer Hydro, says Engie.


-Maylis Jouaret, Agefi-Dow Jones; mjouaret@agefi.fr ed: ECH


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


July 02, 2018 06:15 ET (10:15 GMT)

waldron
20/6/2018
18:12
France's President Emmanuel Macron said Wednesday that he has approved six offshore wind projects slated for development by Electricite de France SA (EDF.FR), Engie SA (ENGI.FR) and Iberdrola SA (IBE.MC) following a renegotiation of subsidies the operators will receive.

The future of the projects was uncertain after France's government proposed earlier this year to renegotiate and possibly cancel the projects, which were awarded in tenders held in 2012 and 2014.

"We are going to bring renewable energy quicker and more cheaply: the projects are confirmed, their public subsidy has been reduced by 40%," Mr. Macron said on Twitter.

The operators will now receive around 150 euros ($173.79) per megawatt hour compared with the initial agreed price of EUR200 per megawatt hour, according to a tweet from France's minister for ecology, Nicolas Hulot.

EDF and Engie both said they welcomed the decision and that it would help spur job creation in the offshore wind sector.

"This wind-generation capacity is necessary for France's energy transition and for meeting its commitments in the fight against climate change," Engie said in a statement.



Write to Nathan Allen at nathan.allen@dowjones.com



(END) Dow Jones Newswires

June 20, 2018 11:26 ET (15:26 GMT)

waldron
06/6/2018
08:58
6/06/2018 | 9:38
Engie bought the French independent renewable energy producer Langa. Based in Brittany, this group is present in solar energy, wind power, biogas and biomass. It has a portfolio in operation that should reach by the end of 2018, an installed capacity of 215 MW including 165 MW of solar energy and 39 MW of wind. The group is also developing1,3 GW of projects to be launched by 2022.

Langa has demonstrated its competitiveness in the last solar tenders of the CRE (Commission for Energy Regulation) where he came third, Engie taking the first place.

This acquisition will enable Engie, in addition to its strong organic growth, to intensify its development in renewable energies in France. Engie is aiming for the development of nearly 3 GW of wind power and nearly 2.2 GW of solar power by 2021.

Gwenaelle Huet, General Manager Engie France Renewables, said: "Engie and Langa are among the French leaders in solar development, combining the two groups and in particular the specific skills of the Langa teams on rooftops and ground-based power plants. that the overall portfolio of projects in development, Engie will be a leader in the territory ".

This acquisition follows the recent consolidation of Engie's positions within Engie Green France, which has made it a key player in the French renewable market.

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