Wednesday 5th March 2014

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Adam Barber
March 5, 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 5th March 2014

Gamesa reveals 500MW Mexico tie-up

Gamesa has signed an agreement with Spanish bank Santander to develop wind farms in Mexico with a total capacity of 500MW.

The Spanish manufacturer announced it will develop projects in the Oaxaca region over the next three years. Santander will put its 200MW El Sauzal project into the partnership.

Last week, Mexico’s president Enrique Pena Nieto announced there would be no limits on inbound renewable investors into Mexico. The country’s energy market is going through its biggest changes since the state took control of generation in 1938.

RWE blames renewables for €2.7bn loss

German utility EWE has reported a net loss of €2.7bn for 2013 due to the impact of wind and solar schemes on conventional power stations.

The firm attributed the loss, its first in 60 years, to the impact of renewable energy schemes on energy prices. RWE said this made it virtually impossible to operate its oil- and gas-fired power plants economically, and had forced it to write down €4.8bn from the value of these plants.

RWE also said it plans to invest €1bn expanding its renewables business until 2016.

Denmark could sink 1GW offshore farms

The Danish climate and energy minister has warned that the Danish government could drop future offshore projects if the cost of power from them doesn’t fall dramatically.

Rasmus Helveg Petersen has said the cost of energy from the country’s only existing offshore scheme, the 400MW Anholt Offshore Wind Farm, is too high at 1.05 Danish kroner per kWh (€0.13/kWh).

He said the Danish government is prepared to drop two large schemes - the 600MW Krieger’s Flak and the 400MW Horns Rev 3 - if the cost of energy remains too high.

STEAG gains €125m Black Sea funding

German power firm STEAG is to receive €125m funding for its 108MW Crucea North Wind Farm in the Black Sea region of Dobruja in Romania.

The company has agreed a €49m loan from the European Bank for Reconstruction and Development; a €49m loan from central and eastern European lender Erste Group; and a €27m loan facility from Romania’s Banca Comerciala Romana.

The total cost of the 36-turbine project is expected to be €200m. Preliminary construction works started late last year and are due to complete by mid-2015.

Four Norwegian firms in 640MW venture

Norwegian energy companies Statkraft, Agder Energi, NTE and TronderEnergi are poised to start a joint venture to develop and run wind farms totalling 640MW.

The firms have agreed to jointly develop the Storheia, Kvenndalsfjellet and Roan onshore wind farms in Norway’s Trondelag region. Statkraft will own 50.1% of the joint venture, with Agder Energi owning 20.9%, and NTE and TronderEnergi owning a 14.5% stake each.

The three projects will require investment worth around £700m. The parties was aiming to make an investment decision on developing the projects in early 2015.

Gamesa reveals 500MW Mexico tie-up

Gamesa has signed an agreement with Spanish bank Santander to develop wind farms in Mexico with a total capacity of 500MW.

The Spanish manufacturer announced it will develop projects in the Oaxaca region over the next three years. Santander will put its 200MW El Sauzal project into the partnership.

Last week, Mexico’s president Enrique Pena Nieto announced there would be no limits on inbound renewable investors into Mexico. The country’s energy market is going through its biggest changes since the state took control of generation in 1938.

RWE blames renewables for €2.7bn loss

German utility EWE has reported a net loss of €2.7bn for 2013 due to the impact of wind and solar schemes on conventional power stations.

The firm attributed the loss, its first in 60 years, to the impact of renewable energy schemes on energy prices. RWE said this made it virtually impossible to operate its oil- and gas-fired power plants economically, and had forced it to write down €4.8bn from the value of these plants.

RWE also said it plans to invest €1bn expanding its renewables business until 2016.

Denmark could sink 1GW offshore farms

The Danish climate and energy minister has warned that the Danish government could drop future offshore projects if the cost of power from them doesn’t fall dramatically.

Rasmus Helveg Petersen has said the cost of energy from the country’s only existing offshore scheme, the 400MW Anholt Offshore Wind Farm, is too high at 1.05 Danish kroner per kWh (€0.13/kWh).

He said the Danish government is prepared to drop two large schemes - the 600MW Krieger’s Flak and the 400MW Horns Rev 3 - if the cost of energy remains too high.

STEAG gains €125m Black Sea funding

German power firm STEAG is to receive €125m funding for its 108MW Crucea North Wind Farm in the Black Sea region of Dobruja in Romania.

The company has agreed a €49m loan from the European Bank for Reconstruction and Development; a €49m loan from central and eastern European lender Erste Group; and a €27m loan facility from Romania’s Banca Comerciala Romana.

The total cost of the 36-turbine project is expected to be €200m. Preliminary construction works started late last year and are due to complete by mid-2015.

Four Norwegian firms in 640MW venture

Norwegian energy companies Statkraft, Agder Energi, NTE and TronderEnergi are poised to start a joint venture to develop and run wind farms totalling 640MW.

The firms have agreed to jointly develop the Storheia, Kvenndalsfjellet and Roan onshore wind farms in Norway’s Trondelag region. Statkraft will own 50.1% of the joint venture, with Agder Energi owning 20.9%, and NTE and TronderEnergi owning a 14.5% stake each.

The three projects will require investment worth around £700m. The parties was aiming to make an investment decision on developing the projects in early 2015.

Gamesa reveals 500MW Mexico tie-up

Gamesa has signed an agreement with Spanish bank Santander to develop wind farms in Mexico with a total capacity of 500MW.

The Spanish manufacturer announced it will develop projects in the Oaxaca region over the next three years. Santander will put its 200MW El Sauzal project into the partnership.

Last week, Mexico’s president Enrique Pena Nieto announced there would be no limits on inbound renewable investors into Mexico. The country’s energy market is going through its biggest changes since the state took control of generation in 1938.

RWE blames renewables for €2.7bn loss

German utility EWE has reported a net loss of €2.7bn for 2013 due to the impact of wind and solar schemes on conventional power stations.

The firm attributed the loss, its first in 60 years, to the impact of renewable energy schemes on energy prices. RWE said this made it virtually impossible to operate its oil- and gas-fired power plants economically, and had forced it to write down €4.8bn from the value of these plants.

RWE also said it plans to invest €1bn expanding its renewables business until 2016.

Denmark could sink 1GW offshore farms

The Danish climate and energy minister has warned that the Danish government could drop future offshore projects if the cost of power from them doesn’t fall dramatically.

Rasmus Helveg Petersen has said the cost of energy from the country’s only existing offshore scheme, the 400MW Anholt Offshore Wind Farm, is too high at 1.05 Danish kroner per kWh (€0.13/kWh).

He said the Danish government is prepared to drop two large schemes - the 600MW Krieger’s Flak and the 400MW Horns Rev 3 - if the cost of energy remains too high.

STEAG gains €125m Black Sea funding

German power firm STEAG is to receive €125m funding for its 108MW Crucea North Wind Farm in the Black Sea region of Dobruja in Romania.

The company has agreed a €49m loan from the European Bank for Reconstruction and Development; a €49m loan from central and eastern European lender Erste Group; and a €27m loan facility from Romania’s Banca Comerciala Romana.

The total cost of the 36-turbine project is expected to be €200m. Preliminary construction works started late last year and are due to complete by mid-2015.

Four Norwegian firms in 640MW venture

Norwegian energy companies Statkraft, Agder Energi, NTE and TronderEnergi are poised to start a joint venture to develop and run wind farms totalling 640MW.

The firms have agreed to jointly develop the Storheia, Kvenndalsfjellet and Roan onshore wind farms in Norway’s Trondelag region. Statkraft will own 50.1% of the joint venture, with Agder Energi owning 20.9%, and NTE and TronderEnergi owning a 14.5% stake each.

The three projects will require investment worth around £700m. The parties was aiming to make an investment decision on developing the projects in early 2015.

Gamesa reveals 500MW Mexico tie-up

Gamesa has signed an agreement with Spanish bank Santander to develop wind farms in Mexico with a total capacity of 500MW.

The Spanish manufacturer announced it will develop projects in the Oaxaca region over the next three years. Santander will put its 200MW El Sauzal project into the partnership.

Last week, Mexico’s president Enrique Pena Nieto announced there would be no limits on inbound renewable investors into Mexico. The country’s energy market is going through its biggest changes since the state took control of generation in 1938.

RWE blames renewables for €2.7bn loss

German utility EWE has reported a net loss of €2.7bn for 2013 due to the impact of wind and solar schemes on conventional power stations.

The firm attributed the loss, its first in 60 years, to the impact of renewable energy schemes on energy prices. RWE said this made it virtually impossible to operate its oil- and gas-fired power plants economically, and had forced it to write down €4.8bn from the value of these plants.

RWE also said it plans to invest €1bn expanding its renewables business until 2016.

Denmark could sink 1GW offshore farms

The Danish climate and energy minister has warned that the Danish government could drop future offshore projects if the cost of power from them doesn’t fall dramatically.

Rasmus Helveg Petersen has said the cost of energy from the country’s only existing offshore scheme, the 400MW Anholt Offshore Wind Farm, is too high at 1.05 Danish kroner per kWh (€0.13/kWh).

He said the Danish government is prepared to drop two large schemes - the 600MW Krieger’s Flak and the 400MW Horns Rev 3 - if the cost of energy remains too high.

STEAG gains €125m Black Sea funding

German power firm STEAG is to receive €125m funding for its 108MW Crucea North Wind Farm in the Black Sea region of Dobruja in Romania.

The company has agreed a €49m loan from the European Bank for Reconstruction and Development; a €49m loan from central and eastern European lender Erste Group; and a €27m loan facility from Romania’s Banca Comerciala Romana.

The total cost of the 36-turbine project is expected to be €200m. Preliminary construction works started late last year and are due to complete by mid-2015.

Four Norwegian firms in 640MW venture

Norwegian energy companies Statkraft, Agder Energi, NTE and TronderEnergi are poised to start a joint venture to develop and run wind farms totalling 640MW.

The firms have agreed to jointly develop the Storheia, Kvenndalsfjellet and Roan onshore wind farms in Norway’s Trondelag region. Statkraft will own 50.1% of the joint venture, with Agder Energi owning 20.9%, and NTE and TronderEnergi owning a 14.5% stake each.

The three projects will require investment worth around £700m. The parties was aiming to make an investment decision on developing the projects in early 2015.

Gamesa reveals 500MW Mexico tie-up

Gamesa has signed an agreement with Spanish bank Santander to develop wind farms in Mexico with a total capacity of 500MW.

The Spanish manufacturer announced it will develop projects in the Oaxaca region over the next three years. Santander will put its 200MW El Sauzal project into the partnership.

Last week, Mexico’s president Enrique Pena Nieto announced there would be no limits on inbound renewable investors into Mexico. The country’s energy market is going through its biggest changes since the state took control of generation in 1938.

RWE blames renewables for €2.7bn loss

German utility EWE has reported a net loss of €2.7bn for 2013 due to the impact of wind and solar schemes on conventional power stations.

The firm attributed the loss, its first in 60 years, to the impact of renewable energy schemes on energy prices. RWE said this made it virtually impossible to operate its oil- and gas-fired power plants economically, and had forced it to write down €4.8bn from the value of these plants.

RWE also said it plans to invest €1bn expanding its renewables business until 2016.

Denmark could sink 1GW offshore farms

The Danish climate and energy minister has warned that the Danish government could drop future offshore projects if the cost of power from them doesn’t fall dramatically.

Rasmus Helveg Petersen has said the cost of energy from the country’s only existing offshore scheme, the 400MW Anholt Offshore Wind Farm, is too high at 1.05 Danish kroner per kWh (€0.13/kWh).

He said the Danish government is prepared to drop two large schemes - the 600MW Krieger’s Flak and the 400MW Horns Rev 3 - if the cost of energy remains too high.

STEAG gains €125m Black Sea funding

German power firm STEAG is to receive €125m funding for its 108MW Crucea North Wind Farm in the Black Sea region of Dobruja in Romania.

The company has agreed a €49m loan from the European Bank for Reconstruction and Development; a €49m loan from central and eastern European lender Erste Group; and a €27m loan facility from Romania’s Banca Comerciala Romana.

The total cost of the 36-turbine project is expected to be €200m. Preliminary construction works started late last year and are due to complete by mid-2015.

Four Norwegian firms in 640MW venture

Norwegian energy companies Statkraft, Agder Energi, NTE and TronderEnergi are poised to start a joint venture to develop and run wind farms totalling 640MW.

The firms have agreed to jointly develop the Storheia, Kvenndalsfjellet and Roan onshore wind farms in Norway’s Trondelag region. Statkraft will own 50.1% of the joint venture, with Agder Energi owning 20.9%, and NTE and TronderEnergi owning a 14.5% stake each.

The three projects will require investment worth around £700m. The parties was aiming to make an investment decision on developing the projects in early 2015.

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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.