Money Buzz! Europa

Tag: wind power

  • Denmark to build an artificial island to house wind turbines

    Denmark to build an artificial island to house wind turbines

    The Danish government has secured broad political support for the largest construction project ever launched in Denmark, an artificial island that will house wind turbines, Bloomberg reports.

    In the first phase, the island will make enough electricity to supply three million households.

    The 210 billion kroner ($ 34 billion) artificial island with an area of ​​120,000 square meters will be built at about 80 kilometers from the west coast of Denmark.

    The project is projected to be completed by 2033 and will initially be able to supply 3 gigawatts of electricity. However, the plans aim to increase production capacity to 10 gigawatts.

    In 2018, about 41% of Denmark’s electricity needs were covered by wind turbines made energy, the highest percentage in Europe.

  • Enel Green Power built a record 3,106 MW of renewable capacity in 2020

    Enel Green Power built a record 3,106 MW of renewable capacity in 2020

    Enel Green Power has set a new record in 2020 by building 3,106 MW of new renewable capacity all over the world, 77 MW more (+2.5%) compared to the renewable capacity built in 2019.

    The new renewable capacity built by Enel Green Power in 2020 includes around 46 facilities, mainly wind (2,284 MW) and solar (803 MW).

    Furthermore, the company refurbished and repowered about 1.2 GW of plants in operation (250 MW wind, 847 MW hydro and 73 MW geothermal) over the course of the year.

    This new capacity is distributed as follows:

    • 508 MW in Europe, mainly in Spain;
    • 879 MW in Latin America, mainly in Brazil;
    • 1,386 MW in North America, mainly in the United States;
    • 333 MW in Africa, Asia and Oceania.

    Enel Green Power now manages around 49 GW of total renewable capacity and is the largest private renewable player at global level.

  • Met Group acquires a 42 MW wind park in Bulgaria

    Met Group acquires a 42 MW wind park in Bulgaria

    Swiss-based European energy company MET Group has completed the acquisition of a 100% stake in Enel Green Power Bulgaria EAD, which owns a 42-megawatt wind park in Bulgaria.

    The 42 MW wind park located in North-eastern Bulgaria is now wholly owned by MET Group, following the successful completion of a share and purchase transaction with Italian Enel Green Power as seller.

    The transaction was completed on 20 January 2021, and was cleared by the Bulgarian and Serbian competition authorities.

    The wind park, the 5th largest in Bulgaria, is located in the municipality of Shabla and Kavarna, with 14 units of Vestas-V90 wind turbines (3 MW capacity each).

    The wind farm, operating since 2010, supplies power equivalent to the consumption of around 30,000 households.

  • ENGIE signed several energy offtake contracts with Amazon

    ENGIE signed several energy offtake contracts with Amazon

    ENGIE announces several energy offtake contracts with Amazon for a global renewable energy portfolio of wind and solar projects across the United States, Italy and France totaling 650 MW.

    These projects align with Amazon’s goal to power its operations with 100% renewable energy by 2030 and reach net zero carbon by 2040.

    In 2019, ENGIE was the main global seller of clean energy Corporate PPAs and signed over 2,000 MW mostly in the US but also in Europe, notably in Spain.

    Amazon’s new renewable energy solar and wind projects with ENGIE represent 569 MW in Delaware, Kansas, North Carolina, Ohio and Virginia.

    They will supply Amazon with approximately 1,850 GWh of power and with the associated project renewable energy credits (REC’s) annually.

    During construction, ENGIE will create approximately 300 jobs at each wind facility and 210 jobs at each solar facility. Projects are expected to reach commercial operation in 2021 through 2022.

    In Europe, Amazon’s total contracts with ENGIE add up to 66 MW in Italy and 15 MW in France, and are the company’s first utility-scale renewable energy projects in each country.

    Amazon will purchase renewable energy from two solar facilities located in Southern Italy and another in Southern France to power its European operations.