With over 1,600 MW of new wind capacity installed during the third quarter of 2015, and nearly 3,600 MW installed in all of 2015, wind power continues to gain strength. The release of the American Wind Energy Association’s (AWEA) U.S. Wind Industry Third Quarter 2015 Market Report shows the market for low-cost wind energy continues to…
Wind’s growing cost-competitiveness driving energy and economic diversification
Canada became one of only seven countries in the world to surpass 10,000 MW of wind-power capacity when the 270-MW K2 Wind project near Goderich, Ontario came on line earlier this year. The industry leaders, who met in Toronto this week for the Canadian Wind Energy Association’s (CanWEA) 31st annual conference, agreed that the technology’s growing cost-competitiveness…
Renewables will boost Japan’s installed capacity to 390 GW by 2025, says GlobalData
Japan’s cumulative installed capacity will rise from 317.5 gigawatts (GW) in 2014 to an estimated 389.8 GW by 2025, representing a moderate Compound Annual Growth Rate (CAGR) of 1.9%, according to research and consulting firm GlobalData. The company’s latest report states that while thermal sources will contribute the majority of installed capacity, with an expected overall…
DNV GL calls for stronger consideration of European guidelines on electricity market design
The introduction of an Energy-Only Market which is strengthened by a capacity reserve lies at the heart of the White Paper, An Electricity Market for the Energy Transition, which was presented at the conclusion of the consultation phase for the Green Paper by the German Federal Ministry for Economic Affairs and Energy. DNV GL, the…
Walmart signs PPA with Akuo Energy USA for Texas wind project
Chicago-based Akuo Energy has signed a power purchase agreement (PPA) with Walmart for 50 megawatts (MW) of capacity from the Rocksprings Wind Farm near DelRio, Texas. When complete in the third quarter of 2016, the Rocksprings Wind Farm will produce annually enough green electricity to power the equivalent of approximately 57,500 homes. Walmart has agreed…