Page 4 - Repi Wind News Today

The Netherlands and Britain plan to build what would be Europe's biggest cross-border electricity link connected to an offshore wind farm, their energy ministers said on Monday, part of efforts to boost energy security.

Energy ministers from European countries surrounding the North Sea are set to pledge to quadruple offshore wind energy capacity by the end of the decade as they aim to turn the region into an engine of renewable power.

Vestas said on Wednesday that Finland's Fortum is seeking more than 200 million euros ($218 million) in compensation over Russian wind farm projects that the Danish turbine maker terminated due to sanctions.

The average costs to produce onshore wind and solar power in the United States have increased for the first time since 2009 as steel and silicon became more expensive and supply chains were disrupted, research from investment bank Lazard showed on Wednesday.

U.S. officials on Tuesday gave final approval for a company owned by billionaire Philip Anschutz to begin building a massive transmission line that will deliver wind energy from blustery Wyoming to power-hungry California.

Japan's Mitsubishi Corp on Monday said that it and other shareholders of the Monsoon wind power project in Laos have raised $692 million in financing for the wind farm.

India's power generation grew at the fastest pace in over three decades in the just-ended fiscal year, a Reuters analysis of government data showed, fuelling a sharp surge in emissions as output from both coal-fired and renewable plants hit records.

On a recent Friday morning north of Johannesburg, the head of South Africa's largest telecoms company surveyed the arsenal of backup systems keeping just one of his 15,000 network towers online amid the worst power cuts on record.

Red Sea Wind Energy has signed a $680 million agreement with banks and international financing organisations for establishing a wind farm in Egypt's Gulf of Suez, the Egyptian cabinet said in a statement on Wednesday.

The Biden administration on Tuesday will release final guidance on how clean energy companies can secure additional tax credits when investing in U.S. communities economically tied to fossil fuels like oil and coal.