Europe s largest fishing port supports floating wind energylivenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energylivenews.com Daily Mail and Mail on Sunday newspapers.
Reuters
2 minute read
Nutella-maker Ferrero has signed a 10-year power purchase agreement (PPA) with green energy group Falck Renewables (FKR.MI) as part of plans to halve its carbon footprint in the next 10 years.
The companies said in a statement on Monday the agreement, known as a virtual PPA, envisaged the development of two solar power plants in Sicily which, when ready, would generate up to 35 gigawatt hours of electricity annually.
A virtual PPA is a derivative contract between a company and a power generator where the company guarantees a pre-negotiated fixed price for the generator s energy output.
Advocates believe the instruments can help catalyze a broader shift to clean energy sources by financing projects, and Brussels has urged a greater use to help the bloc meet climate targets.
Falck, BlueFloat line up Peterhead for offshore hub - reNews renews.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renews.biz Daily Mail and Mail on Sunday newspapers.
And this list will undoubtedly grow in the coming weeks and months as more companies seek to get an early foot in the door of what is expected to be an enormous and potentially lucrative new sector. Let s not forget that despite the massive potential for green hydrogen to decarbonise transport, heating and heavy industry, this is still a nascent sector the largest electrolyser currently in operation is only 20MW.
The thinking behind leaping from megawatt-scale to gigawatt-scale is that the future demand for green H
2 will be gigantic, and that costs can be quickly driven down through economies of scale, with a view to making renewable hydrogen cheaper than highly polluting grey (produced from unabated natural gas or coal) by 2030.
Reuters Events: Wind Operations Europe 2021
The European wind market is dynamic: offshore wind is dominating new build-out, onshore assets are changing ownership hands frequently and over 34,000 turbines are at least 15 years old, quickly approaching original life expectancy. By Reuters Events 13/05/2021, 2:49 pm
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The European wind market is dynamic: offshore wind is dominating new build-out, onshore assets are changing ownership hands frequently and over 34,000 turbines are at least 15 years old, quickly approaching original life expectancy.