Wednesday 22nd October 2014

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Richard Heap
October 22, 2014
This content is from our archive. Some formatting or links may be broken.
This content is from our archive. Some formatting or links may be broken.
Wednesday 22nd October 2014

Vestas reveals China strategy change

Danish manufacturer Vestas has revealed a new strategy that it hopes will enable it to make inroads into the Chinese market.

The firm, the world's largest turbine manufacturer, said yesterday that it planned to introduce the most advanced versions of its 2MW turbine to China, called the V110-2.0MW and V100-2.0MW. It signals a change of strategy for Vestas, which has struggled to compete with local manufacturers at the low end of the market.

Vestas chief executive Anders Runevad also said that the company would seek to use local manufacturers and suppliers for some of its turbine components; and would also look to launch more tailored service contracts towards customers with specific needs.

EIB agrees €150m loan for Dutch link

The European Investment Bank has agreed a €150m loan to Dutch grid operator TenneT for the Randstad transmission link.

The bank has agreed the deal to finance construction and operation of the 83km transmission connection Randstad 380 kV in western Netherlands. The €150m loan is part of a €450m funding deal
between the EIB and TenneT in 2011.

TenneT said the link is needed to connect planned wind farms in the Dutch North Sea into the onshore grid. The Netherlands wants to develop offshore wind farms with capacity of 3.5GW by 2020.

Starwood to buy 250MW in Ohio

Starwood Energy Group has agreed to buy a 250MW project in US state Ohio for an undisclosed sum.

The company announced yesterday that its investment affiliate had agreed to buy the 250MW Northwest Ohio Wind Project in Van Wert and Paulding Countries from Trishe Resources. Construction on the project started in December 2013; and the first phase, totalling 100MW, is scheduled to be commissioned in late 2015.

Starwood Energy is an affiliate of investment firm Starwood Capital.

Study: ‘Wind could hit 2,000GW by 2030’

Wind could grow to capacity of 2,000GW and supply up to 19% of global electricity by 2030, a new study has reported.

The Global Wind Energy Council made the claim yesterday in its fifth annual ‘Global Wind Energy Outlook’ report, published with charity Greenpeace, but said this figure would only be reached with a strong political commitment towards meeting climate goals.

This is one of three visions for the future of the industry, based on projections from council and the International Energy Agency. The council forecasts that global capacity in 2030 would be 964GW if we relied on current policies; and 1,500GW if only moderate progress is made on increasing support for renewable energy.

EDC secures $315m Philippines loan

Filipino firm Energy Development Corporation has signed a $315m financing agreement for the construction of a 150MW wind farm.

The corporation, part of Filipino conglomerate Lopez Group, has signed a 15-year finance agreement to develop the 150MW Burgos project in Ilocos Norte in the Philippines.

It has agreed the deal with a group of overseas and local financiers; and Danish export credit agency EKF has provided a guarantee for part of the dollar loan component. The developer is seeking to complete the Burgos project by the end of next month.

Vestas reveals China strategy change

Danish manufacturer Vestas has revealed a new strategy that it hopes will enable it to make inroads into the Chinese market.

The firm, the world's largest turbine manufacturer, said yesterday that it planned to introduce the most advanced versions of its 2MW turbine to China, called the V110-2.0MW and V100-2.0MW. It signals a change of strategy for Vestas, which has struggled to compete with local manufacturers at the low end of the market.

Vestas chief executive Anders Runevad also said that the company would seek to use local manufacturers and suppliers for some of its turbine components; and would also look to launch more tailored service contracts towards customers with specific needs.

EIB agrees €150m loan for Dutch link

The European Investment Bank has agreed a €150m loan to Dutch grid operator TenneT for the Randstad transmission link.

The bank has agreed the deal to finance construction and operation of the 83km transmission connection Randstad 380 kV in western Netherlands. The €150m loan is part of a €450m funding deal
between the EIB and TenneT in 2011.

TenneT said the link is needed to connect planned wind farms in the Dutch North Sea into the onshore grid. The Netherlands wants to develop offshore wind farms with capacity of 3.5GW by 2020.

Starwood to buy 250MW in Ohio

Starwood Energy Group has agreed to buy a 250MW project in US state Ohio for an undisclosed sum.

The company announced yesterday that its investment affiliate had agreed to buy the 250MW Northwest Ohio Wind Project in Van Wert and Paulding Countries from Trishe Resources. Construction on the project started in December 2013; and the first phase, totalling 100MW, is scheduled to be commissioned in late 2015.

Starwood Energy is an affiliate of investment firm Starwood Capital.

Study: ‘Wind could hit 2,000GW by 2030’

Wind could grow to capacity of 2,000GW and supply up to 19% of global electricity by 2030, a new study has reported.

The Global Wind Energy Council made the claim yesterday in its fifth annual ‘Global Wind Energy Outlook’ report, published with charity Greenpeace, but said this figure would only be reached with a strong political commitment towards meeting climate goals.

This is one of three visions for the future of the industry, based on projections from council and the International Energy Agency. The council forecasts that global capacity in 2030 would be 964GW if we relied on current policies; and 1,500GW if only moderate progress is made on increasing support for renewable energy.

EDC secures $315m Philippines loan

Filipino firm Energy Development Corporation has signed a $315m financing agreement for the construction of a 150MW wind farm.

The corporation, part of Filipino conglomerate Lopez Group, has signed a 15-year finance agreement to develop the 150MW Burgos project in Ilocos Norte in the Philippines.

It has agreed the deal with a group of overseas and local financiers; and Danish export credit agency EKF has provided a guarantee for part of the dollar loan component. The developer is seeking to complete the Burgos project by the end of next month.

Vestas reveals China strategy change

Danish manufacturer Vestas has revealed a new strategy that it hopes will enable it to make inroads into the Chinese market.

The firm, the world's largest turbine manufacturer, said yesterday that it planned to introduce the most advanced versions of its 2MW turbine to China, called the V110-2.0MW and V100-2.0MW. It signals a change of strategy for Vestas, which has struggled to compete with local manufacturers at the low end of the market.

Vestas chief executive Anders Runevad also said that the company would seek to use local manufacturers and suppliers for some of its turbine components; and would also look to launch more tailored service contracts towards customers with specific needs.

EIB agrees €150m loan for Dutch link

The European Investment Bank has agreed a €150m loan to Dutch grid operator TenneT for the Randstad transmission link.

The bank has agreed the deal to finance construction and operation of the 83km transmission connection Randstad 380 kV in western Netherlands. The €150m loan is part of a €450m funding deal
between the EIB and TenneT in 2011.

TenneT said the link is needed to connect planned wind farms in the Dutch North Sea into the onshore grid. The Netherlands wants to develop offshore wind farms with capacity of 3.5GW by 2020.

Starwood to buy 250MW in Ohio

Starwood Energy Group has agreed to buy a 250MW project in US state Ohio for an undisclosed sum.

The company announced yesterday that its investment affiliate had agreed to buy the 250MW Northwest Ohio Wind Project in Van Wert and Paulding Countries from Trishe Resources. Construction on the project started in December 2013; and the first phase, totalling 100MW, is scheduled to be commissioned in late 2015.

Starwood Energy is an affiliate of investment firm Starwood Capital.

Study: ‘Wind could hit 2,000GW by 2030’

Wind could grow to capacity of 2,000GW and supply up to 19% of global electricity by 2030, a new study has reported.

The Global Wind Energy Council made the claim yesterday in its fifth annual ‘Global Wind Energy Outlook’ report, published with charity Greenpeace, but said this figure would only be reached with a strong political commitment towards meeting climate goals.

This is one of three visions for the future of the industry, based on projections from council and the International Energy Agency. The council forecasts that global capacity in 2030 would be 964GW if we relied on current policies; and 1,500GW if only moderate progress is made on increasing support for renewable energy.

EDC secures $315m Philippines loan

Filipino firm Energy Development Corporation has signed a $315m financing agreement for the construction of a 150MW wind farm.

The corporation, part of Filipino conglomerate Lopez Group, has signed a 15-year finance agreement to develop the 150MW Burgos project in Ilocos Norte in the Philippines.

It has agreed the deal with a group of overseas and local financiers; and Danish export credit agency EKF has provided a guarantee for part of the dollar loan component. The developer is seeking to complete the Burgos project by the end of next month.

Vestas reveals China strategy change

Danish manufacturer Vestas has revealed a new strategy that it hopes will enable it to make inroads into the Chinese market.

The firm, the world's largest turbine manufacturer, said yesterday that it planned to introduce the most advanced versions of its 2MW turbine to China, called the V110-2.0MW and V100-2.0MW. It signals a change of strategy for Vestas, which has struggled to compete with local manufacturers at the low end of the market.

Vestas chief executive Anders Runevad also said that the company would seek to use local manufacturers and suppliers for some of its turbine components; and would also look to launch more tailored service contracts towards customers with specific needs.

EIB agrees €150m loan for Dutch link

The European Investment Bank has agreed a €150m loan to Dutch grid operator TenneT for the Randstad transmission link.

The bank has agreed the deal to finance construction and operation of the 83km transmission connection Randstad 380 kV in western Netherlands. The €150m loan is part of a €450m funding deal
between the EIB and TenneT in 2011.

TenneT said the link is needed to connect planned wind farms in the Dutch North Sea into the onshore grid. The Netherlands wants to develop offshore wind farms with capacity of 3.5GW by 2020.

Starwood to buy 250MW in Ohio

Starwood Energy Group has agreed to buy a 250MW project in US state Ohio for an undisclosed sum.

The company announced yesterday that its investment affiliate had agreed to buy the 250MW Northwest Ohio Wind Project in Van Wert and Paulding Countries from Trishe Resources. Construction on the project started in December 2013; and the first phase, totalling 100MW, is scheduled to be commissioned in late 2015.

Starwood Energy is an affiliate of investment firm Starwood Capital.

Study: ‘Wind could hit 2,000GW by 2030’

Wind could grow to capacity of 2,000GW and supply up to 19% of global electricity by 2030, a new study has reported.

The Global Wind Energy Council made the claim yesterday in its fifth annual ‘Global Wind Energy Outlook’ report, published with charity Greenpeace, but said this figure would only be reached with a strong political commitment towards meeting climate goals.

This is one of three visions for the future of the industry, based on projections from council and the International Energy Agency. The council forecasts that global capacity in 2030 would be 964GW if we relied on current policies; and 1,500GW if only moderate progress is made on increasing support for renewable energy.

EDC secures $315m Philippines loan

Filipino firm Energy Development Corporation has signed a $315m financing agreement for the construction of a 150MW wind farm.

The corporation, part of Filipino conglomerate Lopez Group, has signed a 15-year finance agreement to develop the 150MW Burgos project in Ilocos Norte in the Philippines.

It has agreed the deal with a group of overseas and local financiers; and Danish export credit agency EKF has provided a guarantee for part of the dollar loan component. The developer is seeking to complete the Burgos project by the end of next month.

Vestas reveals China strategy change

Danish manufacturer Vestas has revealed a new strategy that it hopes will enable it to make inroads into the Chinese market.

The firm, the world's largest turbine manufacturer, said yesterday that it planned to introduce the most advanced versions of its 2MW turbine to China, called the V110-2.0MW and V100-2.0MW. It signals a change of strategy for Vestas, which has struggled to compete with local manufacturers at the low end of the market.

Vestas chief executive Anders Runevad also said that the company would seek to use local manufacturers and suppliers for some of its turbine components; and would also look to launch more tailored service contracts towards customers with specific needs.

EIB agrees €150m loan for Dutch link

The European Investment Bank has agreed a €150m loan to Dutch grid operator TenneT for the Randstad transmission link.

The bank has agreed the deal to finance construction and operation of the 83km transmission connection Randstad 380 kV in western Netherlands. The €150m loan is part of a €450m funding deal
between the EIB and TenneT in 2011.

TenneT said the link is needed to connect planned wind farms in the Dutch North Sea into the onshore grid. The Netherlands wants to develop offshore wind farms with capacity of 3.5GW by 2020.

Starwood to buy 250MW in Ohio

Starwood Energy Group has agreed to buy a 250MW project in US state Ohio for an undisclosed sum.

The company announced yesterday that its investment affiliate had agreed to buy the 250MW Northwest Ohio Wind Project in Van Wert and Paulding Countries from Trishe Resources. Construction on the project started in December 2013; and the first phase, totalling 100MW, is scheduled to be commissioned in late 2015.

Starwood Energy is an affiliate of investment firm Starwood Capital.

Study: ‘Wind could hit 2,000GW by 2030’

Wind could grow to capacity of 2,000GW and supply up to 19% of global electricity by 2030, a new study has reported.

The Global Wind Energy Council made the claim yesterday in its fifth annual ‘Global Wind Energy Outlook’ report, published with charity Greenpeace, but said this figure would only be reached with a strong political commitment towards meeting climate goals.

This is one of three visions for the future of the industry, based on projections from council and the International Energy Agency. The council forecasts that global capacity in 2030 would be 964GW if we relied on current policies; and 1,500GW if only moderate progress is made on increasing support for renewable energy.

EDC secures $315m Philippines loan

Filipino firm Energy Development Corporation has signed a $315m financing agreement for the construction of a 150MW wind farm.

The corporation, part of Filipino conglomerate Lopez Group, has signed a 15-year finance agreement to develop the 150MW Burgos project in Ilocos Norte in the Philippines.

It has agreed the deal with a group of overseas and local financiers; and Danish export credit agency EKF has provided a guarantee for part of the dollar loan component. The developer is seeking to complete the Burgos project by the end of next month.

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Full archive access is available to members only

Not a member yet?

Become a member of the 6,500-strong A Word About Wind community today, and gain access to our premium content, exclusive lead generation and investment opportunities.