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Europe Must Triple Offshore Wind Growth Rate To Bring Paris Goals Within Reach
If Europe is to fall in line with the Paris Climate Agreement intention of limiting global warming to 1.5°C above pre-industrial levels, the region must significantly increase its rate of growth for offshore wind development, tripling it at the very…
Greencoat Snaps Up Latest UK Wind Farms
British renewables investor Greencoat UK Wind is set to add 90MW of capacity to its portfolio following a deal to buy two wind farms from JP Morgan Asset Management for a total of £105m. Greencoat announced yesterday it has struck…
WPPI Energy to Buy Electricity from Illinois Wind Farm
Sun Prairie-based power company WPPI Energy says it will purchase all the electricity generated from a proposed Illinois wind farm for the next 22 years. Chicago-based renewable energy developer Invenergy plans to build the 53-turbine Bishop Hill 3 wind farm,…
DONG Energy Boosts Earnings Expectations as it Finalises Fossil Fuel Sell-Off and Eyes Renewables Opportunity
Danish wind giant DONG Energy has improved its earnings expectations for the year following a surge in profits in the three months to June 2017. In its first financial results since reaching an agreement to sell its oil and gas…
Latin American Renewables Sector Enjoys Twin Funding Boost
Latin America’s fast-expanding renewables sector received a twin-boost this week as two leading developers announced they had secured funding for giant wind farm projects in Chile and Mexico. Mainstream Renewable Power announced yesterday that its Chilean joint venture Aela Energía…
Financing & Turbines Secured For 424 Megawatt Mexican Reynosa III Wind Park, The Largest In Latin America
Two parallel announcements have given shape to the planned 424 MW Reynosa III Wind Park set to be developed in Mexico, with wind turbines supplied by Vestas and financing from Mexico’s state-owned development banks. Mexico’s Secretariat of Energy (SENER) announced…
Global Infrastructure Partners Acquires 50% Stake From DONG Energy In 450 MW Borkum Riffgrund 2 Offshore Wind Farm
One of the world’s leading infrastructure investors, Global Infrastructure Partners, this week announced that it has acquired a 50% stake in the German 450 MW Borkum Riffgrund 2 Offshore Wind Farm from Danish wind energy developer DONG Energy. Specifically, Global…