(Reuters) - Construction is set to begin on one of Australia's biggest wind farms after its developers secured funding in a unique deal for the A$2 billion ($1.3 billion) first stage of the project after years of delays. The first stage of the Golden Plains project, being developed by privately owned TagEnergy, involves a 756-megawatt... Continue Reading →
Spain’s Acciona to build $1.3 bln wind farm in Australia in expansion drive
(Reuters) - Spain's Acciona SA (ANA.MC) announced plans on Monday to build a wind farm worth A$2 billion ($1.34 billion) in Australia, nearly doubling its investment and generation capacity at a site in the northeastern state of Queensland. The 1,000-megawatt (MW) Herries Range wind farm will be built at the MacIntyre Wind Precinct, where the renewable energy... Continue Reading →
Enel Green Power and Fortescue Future Industries team up to explore green hydrogen
(TN) Australian renewable green energy developer Fortescue Future Industries (FFI) and Enel's global renewable energy arm, Enel Green Power S.p.A. (EGP), today announced that they will partner to explore the co-development of the green hydrogen value chain, with an initial focus on Latin America and Australia. FFI and EGP share a common view on the... Continue Reading →
Q FWE’s Offshore Wind Turbine Index Grows to $1.75 Trillion Dollars CapEx in 3Q 2022
With the addition of 115 new global offshore wind projects during 3Q, Quest Floating Wind Energy (Q FWE) are actively tracking 696 projects (with statuses Possible, Planned, Pre-development and Under development) representing $1.75 trillion in CapEx, a one-half billion quarter over quarter gain. The Quest Offshore Wind Turbine Index (QOWTI), which tracks the Total Addressable... Continue Reading →
Green hydrogen seen competing with LNG within a decade
(EV) The cost of clean hydrogen will fall to that of liquefied natural gas in a decade as global efforts to replace fossil fuels accelerate, according to Europe’s biggest operator of gas infrastructure. “Green hydrogen today is not economically competitive against alternative energy sources, which will not be the case in 10 years’ time,” Thomas... Continue Reading →
Australia Promises Billions for Renewable Projects to ‘Rewire’ Power Grid
(Reuters) Australia on Wednesday announced plans to build renewable energy zones, wind projects and underwater electricity interconnectors, as it looks to build its renewable power capabilities and bring more clean energy into its national grid. The announcements come ahead of the annual budget announcement next week by Prime Minister Anthony Albanese's centre-left Labor government, which... Continue Reading →