Dong Energy has set a new goal to add 1 gigawatt of installed offshore wind capacity annually from 2021 through 2025. The company, which launched its initial public offering on Thursday, said that it has already secured rights for 8.1 GW worth of new installations in the US, UK and Germany. "We also aim to participate selectively in tender and auction rounds for projects, and may otherwise seek to acquire additional project rights, in our existing markets and new markets," it said.
The US has the potential to source 80% of its total electricity from renewables within the next several decades, according to American Wind Energy Association Chairman Chris Brown. To accomplish this goal, Brown argues that wind advocates must build on the industry's current momentum by training a future generation of like-minded individuals dedicated to renewable energy growth and using new technology to drive down costs. "With this new generation of talented young leaders, wind power will cross the bridge to a clean energy future, and we will arrive on the right side of history, where energy is cleaner, cheaper and abundant," he writes.
Wind has evolved from a fledgling, grass-roots energy source into a mainstream form of generation strongly rooted in corporate America, writes Daniel Gross. He argues that this shift was especially apparent at the American Wind Energy Association's WINDPOWER 2016 conference in New Orleans, where companies traditionally associated with fossil fuels, such as ExxonMobil, had exhibits marketing products they now produce for the wind industry.
The US offshore wind industry has much to gain from Europe's experience developing its 11-gigawatt installed offshore wind capacity, according to MHI Vestas Offshore Wind. "With over 90% of offshore installations happening in Europe, we as an industry have 11 GW of experience to draw upon. The US is in a tremendously advantageous position to capitalize on the lessons learnt from projects in Europe," said Chief Sales Officer Thomas Karst at the American Wind Energy Association's WINDPOWER 2016.
The Wyoming Legislature's Joint Revenue Committee is considering a proposal that would increase the state's generation tax on turbines. Power Company of Wyoming President Bill Miller said that if approved, the tax increase could make it difficult for his company to move forward with its planned 3-gigawatt Chokecherry and Sierra Madre wind farm. "Wyoming legislators are on the path to destroying something exceptional that was about to happen in Wyoming," he said. The committee is expected to issue a draft bill on the proposal later this year.
Virginia is well on its way to a sustainable, clean energy economy, writes state Rep. Kenneth Plum. Dozens of renewable energy firms featured exhibits at the 2016 Energy, Sustainability and Resiliency conference in Richmond to educate attendees about local opportunities for renewables and energy-efficiency measures. "We need a strong economy to help jobs in the Commonwealth and to support our way of life. A reliable, sustainable and resilient energy system is critical to that goal. From what I learned at the conference, we are well on our way in Virginia," he writes.
Brazil brought its total installed wind capacity of about 8,796 megawatts in March, making an increase of 46% compared to the same period the year before, according to the Power Trading Chamber. The report said the Brazilian state of Rio Grande do Norte led the pack in terms of installed wind capacity with a total of 2,661 MW.
The UK's Department of Energy and Climate Change is considering doubling the penalty for clean energy projects that fail to meet the predetermined milestones for construction. Observers say that the issue arose last month when Mainstream Renewable Power failed to secure financing for its $2.8 billion Neart na Gaoithe offshore project by the agreed upon date. The DECC will accept public comments on the proposal through June 22.
Aviation and ocean freight account for 6% of global carbon dioxide emissions, but the lack of international coordination means they've been largely unregulated. Fred Pearce argues that pressure is intensifying on these industries despite being omitted from the United Nations climate agreement.
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