Wednesday 30th July 2014

Topics
No items found.
Adam Barber
July 30, 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 30th July 2014

Subsidy slashing stifles Spanish schemes…

Only one turbine, of 80kW, was installed in Spain in the first six months of 2014 as the country’s wind sector struggles after the slashing of wind farm subsidies.

The Spanish government, led by the right-wing People’s Party, confirmed in June that wind farms that became operational before 2005 have been stripped of all subsidies; and those finished between 2005 and 2013 have been significantly cut. The Spanish Wind Energy Association (AEE) said this is "punishing" the industry.

The regulatory changes have curtailed investment in the domestic wind market, and AEE said that manufacturers are now facing the dilemma of whether to keep factories in the country open. There is currently 23.0GW of wind capacity in Spain.

…and German onshore surges as cuts loom

Onshore turbines of more than 1.7GW have been installed in Germany in the first half of 2014 before changes to green energy laws that come into force on Friday.

The German Wind Energy Association (BWE) has reported that the capacity installed in the first half of 2014 was 66% higher than the equivalent period in 2013. This is because developers want to complete projects before the revised Renewable Energy Act come into force in August, which introduces tighter rules on wind power including tougher regulations on where turbines can be built.

In the first half of 2014, 260MW of capacity was installed in repowering schemes. The country has a total grid-connected wind capacity of more than 37.0GW.

NRG in $400m bond issue for Alta buy

NRG Energy subsidiary NRG Yield Operating LLC has announced plans to raise $400m through an offering of green bonds to invest in renewable energy projects.

NRG Yield Operating LLC is a subsidiary of NRG Yield, the yieldco launched on the New York Stock Exchange by utility NRG last summer. It plans to offer $400m of senior unsecured notes which are due in 2024 and guaranteed by NRG Yield.

The fundraising follows news last week that NRG Yield is set to issue 10.5million of new Class A common shares, worth $542m. Both deals are intended to help the company raise funds for the proposed $870m acquisition of California’s 947MW Alta Wind scheme, from Terra-Gen Power, which was revealed last month.

Iberdrola kicks off 202MW Baffin in Texas

Iberdrola has started installation at the 202MW Baffin wind farm in its 606MW Penascal complex in Texas, which its largest facility worldwide.

The Spanish utility is set to install 101 of Gamesa’s G97 turbines at the project, which is the third wind farm in the Penascal complex. Penascal I and Penascal II were completed in 2009 and 2010 respectively, each with an installed capacity of 202MW. The Baffin scheme is due to be commissioned by the end of 2014.

The Penascal complex is located in the southeast of Kenedy County in Texas. Iberdrola is set to have total wind capacity of more than 5.6GW in the US when Baffin is completed.

Enel starts work on 50MW in Uruguay

Enel Green Power has started work on its 50MW Melowind project in the Cerro Largo area of Uruguay, which is around 200 miles from capital Montevideo.

This is the Italian utility’s first project in Uruguay and will involve an investment of around $98m. The scheme is using 20 N100/2500 turbines from German manufacturer Nordex, which yesterday revealed a 50MW deal with “a subsidiary of one of Italy’s largest utilities”.

The electricity produced by the project will be sold to state energy company Administracion Nacional de Usinas y Trasmisiones Electricas (UTE) under a 20-year power purchase deal.

Subsidy slashing stifles Spanish schemes…

Only one turbine, of 80kW, was installed in Spain in the first six months of 2014 as the country’s wind sector struggles after the slashing of wind farm subsidies.

The Spanish government, led by the right-wing People’s Party, confirmed in June that wind farms that became operational before 2005 have been stripped of all subsidies; and those finished between 2005 and 2013 have been significantly cut. The Spanish Wind Energy Association (AEE) said this is "punishing" the industry.

The regulatory changes have curtailed investment in the domestic wind market, and AEE said that manufacturers are now facing the dilemma of whether to keep factories in the country open. There is currently 23.0GW of wind capacity in Spain.

…and German onshore surges as cuts loom

Onshore turbines of more than 1.7GW have been installed in Germany in the first half of 2014 before changes to green energy laws that come into force on Friday.

The German Wind Energy Association (BWE) has reported that the capacity installed in the first half of 2014 was 66% higher than the equivalent period in 2013. This is because developers want to complete projects before the revised Renewable Energy Act come into force in August, which introduces tighter rules on wind power including tougher regulations on where turbines can be built.

In the first half of 2014, 260MW of capacity was installed in repowering schemes. The country has a total grid-connected wind capacity of more than 37.0GW.

NRG in $400m bond issue for Alta buy

NRG Energy subsidiary NRG Yield Operating LLC has announced plans to raise $400m through an offering of green bonds to invest in renewable energy projects.

NRG Yield Operating LLC is a subsidiary of NRG Yield, the yieldco launched on the New York Stock Exchange by utility NRG last summer. It plans to offer $400m of senior unsecured notes which are due in 2024 and guaranteed by NRG Yield.

The fundraising follows news last week that NRG Yield is set to issue 10.5million of new Class A common shares, worth $542m. Both deals are intended to help the company raise funds for the proposed $870m acquisition of California’s 947MW Alta Wind scheme, from Terra-Gen Power, which was revealed last month.

Iberdrola kicks off 202MW Baffin in Texas

Iberdrola has started installation at the 202MW Baffin wind farm in its 606MW Penascal complex in Texas, which its largest facility worldwide.

The Spanish utility is set to install 101 of Gamesa’s G97 turbines at the project, which is the third wind farm in the Penascal complex. Penascal I and Penascal II were completed in 2009 and 2010 respectively, each with an installed capacity of 202MW. The Baffin scheme is due to be commissioned by the end of 2014.

The Penascal complex is located in the southeast of Kenedy County in Texas. Iberdrola is set to have total wind capacity of more than 5.6GW in the US when Baffin is completed.

Enel starts work on 50MW in Uruguay

Enel Green Power has started work on its 50MW Melowind project in the Cerro Largo area of Uruguay, which is around 200 miles from capital Montevideo.

This is the Italian utility’s first project in Uruguay and will involve an investment of around $98m. The scheme is using 20 N100/2500 turbines from German manufacturer Nordex, which yesterday revealed a 50MW deal with “a subsidiary of one of Italy’s largest utilities”.

The electricity produced by the project will be sold to state energy company Administracion Nacional de Usinas y Trasmisiones Electricas (UTE) under a 20-year power purchase deal.

Subsidy slashing stifles Spanish schemes…

Only one turbine, of 80kW, was installed in Spain in the first six months of 2014 as the country’s wind sector struggles after the slashing of wind farm subsidies.

The Spanish government, led by the right-wing People’s Party, confirmed in June that wind farms that became operational before 2005 have been stripped of all subsidies; and those finished between 2005 and 2013 have been significantly cut. The Spanish Wind Energy Association (AEE) said this is "punishing" the industry.

The regulatory changes have curtailed investment in the domestic wind market, and AEE said that manufacturers are now facing the dilemma of whether to keep factories in the country open. There is currently 23.0GW of wind capacity in Spain.

…and German onshore surges as cuts loom

Onshore turbines of more than 1.7GW have been installed in Germany in the first half of 2014 before changes to green energy laws that come into force on Friday.

The German Wind Energy Association (BWE) has reported that the capacity installed in the first half of 2014 was 66% higher than the equivalent period in 2013. This is because developers want to complete projects before the revised Renewable Energy Act come into force in August, which introduces tighter rules on wind power including tougher regulations on where turbines can be built.

In the first half of 2014, 260MW of capacity was installed in repowering schemes. The country has a total grid-connected wind capacity of more than 37.0GW.

NRG in $400m bond issue for Alta buy

NRG Energy subsidiary NRG Yield Operating LLC has announced plans to raise $400m through an offering of green bonds to invest in renewable energy projects.

NRG Yield Operating LLC is a subsidiary of NRG Yield, the yieldco launched on the New York Stock Exchange by utility NRG last summer. It plans to offer $400m of senior unsecured notes which are due in 2024 and guaranteed by NRG Yield.

The fundraising follows news last week that NRG Yield is set to issue 10.5million of new Class A common shares, worth $542m. Both deals are intended to help the company raise funds for the proposed $870m acquisition of California’s 947MW Alta Wind scheme, from Terra-Gen Power, which was revealed last month.

Iberdrola kicks off 202MW Baffin in Texas

Iberdrola has started installation at the 202MW Baffin wind farm in its 606MW Penascal complex in Texas, which its largest facility worldwide.

The Spanish utility is set to install 101 of Gamesa’s G97 turbines at the project, which is the third wind farm in the Penascal complex. Penascal I and Penascal II were completed in 2009 and 2010 respectively, each with an installed capacity of 202MW. The Baffin scheme is due to be commissioned by the end of 2014.

The Penascal complex is located in the southeast of Kenedy County in Texas. Iberdrola is set to have total wind capacity of more than 5.6GW in the US when Baffin is completed.

Enel starts work on 50MW in Uruguay

Enel Green Power has started work on its 50MW Melowind project in the Cerro Largo area of Uruguay, which is around 200 miles from capital Montevideo.

This is the Italian utility’s first project in Uruguay and will involve an investment of around $98m. The scheme is using 20 N100/2500 turbines from German manufacturer Nordex, which yesterday revealed a 50MW deal with “a subsidiary of one of Italy’s largest utilities”.

The electricity produced by the project will be sold to state energy company Administracion Nacional de Usinas y Trasmisiones Electricas (UTE) under a 20-year power purchase deal.

Subsidy slashing stifles Spanish schemes…

Only one turbine, of 80kW, was installed in Spain in the first six months of 2014 as the country’s wind sector struggles after the slashing of wind farm subsidies.

The Spanish government, led by the right-wing People’s Party, confirmed in June that wind farms that became operational before 2005 have been stripped of all subsidies; and those finished between 2005 and 2013 have been significantly cut. The Spanish Wind Energy Association (AEE) said this is "punishing" the industry.

The regulatory changes have curtailed investment in the domestic wind market, and AEE said that manufacturers are now facing the dilemma of whether to keep factories in the country open. There is currently 23.0GW of wind capacity in Spain.

…and German onshore surges as cuts loom

Onshore turbines of more than 1.7GW have been installed in Germany in the first half of 2014 before changes to green energy laws that come into force on Friday.

The German Wind Energy Association (BWE) has reported that the capacity installed in the first half of 2014 was 66% higher than the equivalent period in 2013. This is because developers want to complete projects before the revised Renewable Energy Act come into force in August, which introduces tighter rules on wind power including tougher regulations on where turbines can be built.

In the first half of 2014, 260MW of capacity was installed in repowering schemes. The country has a total grid-connected wind capacity of more than 37.0GW.

NRG in $400m bond issue for Alta buy

NRG Energy subsidiary NRG Yield Operating LLC has announced plans to raise $400m through an offering of green bonds to invest in renewable energy projects.

NRG Yield Operating LLC is a subsidiary of NRG Yield, the yieldco launched on the New York Stock Exchange by utility NRG last summer. It plans to offer $400m of senior unsecured notes which are due in 2024 and guaranteed by NRG Yield.

The fundraising follows news last week that NRG Yield is set to issue 10.5million of new Class A common shares, worth $542m. Both deals are intended to help the company raise funds for the proposed $870m acquisition of California’s 947MW Alta Wind scheme, from Terra-Gen Power, which was revealed last month.

Iberdrola kicks off 202MW Baffin in Texas

Iberdrola has started installation at the 202MW Baffin wind farm in its 606MW Penascal complex in Texas, which its largest facility worldwide.

The Spanish utility is set to install 101 of Gamesa’s G97 turbines at the project, which is the third wind farm in the Penascal complex. Penascal I and Penascal II were completed in 2009 and 2010 respectively, each with an installed capacity of 202MW. The Baffin scheme is due to be commissioned by the end of 2014.

The Penascal complex is located in the southeast of Kenedy County in Texas. Iberdrola is set to have total wind capacity of more than 5.6GW in the US when Baffin is completed.

Enel starts work on 50MW in Uruguay

Enel Green Power has started work on its 50MW Melowind project in the Cerro Largo area of Uruguay, which is around 200 miles from capital Montevideo.

This is the Italian utility’s first project in Uruguay and will involve an investment of around $98m. The scheme is using 20 N100/2500 turbines from German manufacturer Nordex, which yesterday revealed a 50MW deal with “a subsidiary of one of Italy’s largest utilities”.

The electricity produced by the project will be sold to state energy company Administracion Nacional de Usinas y Trasmisiones Electricas (UTE) under a 20-year power purchase deal.

Subsidy slashing stifles Spanish schemes…

Only one turbine, of 80kW, was installed in Spain in the first six months of 2014 as the country’s wind sector struggles after the slashing of wind farm subsidies.

The Spanish government, led by the right-wing People’s Party, confirmed in June that wind farms that became operational before 2005 have been stripped of all subsidies; and those finished between 2005 and 2013 have been significantly cut. The Spanish Wind Energy Association (AEE) said this is "punishing" the industry.

The regulatory changes have curtailed investment in the domestic wind market, and AEE said that manufacturers are now facing the dilemma of whether to keep factories in the country open. There is currently 23.0GW of wind capacity in Spain.

…and German onshore surges as cuts loom

Onshore turbines of more than 1.7GW have been installed in Germany in the first half of 2014 before changes to green energy laws that come into force on Friday.

The German Wind Energy Association (BWE) has reported that the capacity installed in the first half of 2014 was 66% higher than the equivalent period in 2013. This is because developers want to complete projects before the revised Renewable Energy Act come into force in August, which introduces tighter rules on wind power including tougher regulations on where turbines can be built.

In the first half of 2014, 260MW of capacity was installed in repowering schemes. The country has a total grid-connected wind capacity of more than 37.0GW.

NRG in $400m bond issue for Alta buy

NRG Energy subsidiary NRG Yield Operating LLC has announced plans to raise $400m through an offering of green bonds to invest in renewable energy projects.

NRG Yield Operating LLC is a subsidiary of NRG Yield, the yieldco launched on the New York Stock Exchange by utility NRG last summer. It plans to offer $400m of senior unsecured notes which are due in 2024 and guaranteed by NRG Yield.

The fundraising follows news last week that NRG Yield is set to issue 10.5million of new Class A common shares, worth $542m. Both deals are intended to help the company raise funds for the proposed $870m acquisition of California’s 947MW Alta Wind scheme, from Terra-Gen Power, which was revealed last month.

Iberdrola kicks off 202MW Baffin in Texas

Iberdrola has started installation at the 202MW Baffin wind farm in its 606MW Penascal complex in Texas, which its largest facility worldwide.

The Spanish utility is set to install 101 of Gamesa’s G97 turbines at the project, which is the third wind farm in the Penascal complex. Penascal I and Penascal II were completed in 2009 and 2010 respectively, each with an installed capacity of 202MW. The Baffin scheme is due to be commissioned by the end of 2014.

The Penascal complex is located in the southeast of Kenedy County in Texas. Iberdrola is set to have total wind capacity of more than 5.6GW in the US when Baffin is completed.

Enel starts work on 50MW in Uruguay

Enel Green Power has started work on its 50MW Melowind project in the Cerro Largo area of Uruguay, which is around 200 miles from capital Montevideo.

This is the Italian utility’s first project in Uruguay and will involve an investment of around $98m. The scheme is using 20 N100/2500 turbines from German manufacturer Nordex, which yesterday revealed a 50MW deal with “a subsidiary of one of Italy’s largest utilities”.

The electricity produced by the project will be sold to state energy company Administracion Nacional de Usinas y Trasmisiones Electricas (UTE) under a 20-year power purchase deal.

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.

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.