Renewable Energy Magazine-Wind newsletter

Wind Catching Systems Receives Investment from GM Ventures

Wind Catching Systems AS, the developer of floating offshore wind technology, announced a Series A investment round of up to $10 million led by GM Ventures to help fund the development and commercialization of the technology. Wind Catching Systems and General Motors  have also entered into a strategic agreement for collaboration covering technology development, project execution, offshore wind policy, and the advancement of sustainable technology applications.

Egypt
Consortium led by ACWA Power signs agreement for 1.1 GW wind project in Egypt

Leading Saudi developer, investor and operator of power generation, desalinated water and green hydrogen plants worldwide, ACWA Power has signed a project agreement to develop a 1.1 GW wind project in Egypt, at an investment value of US$1.5 billion.

Exus to manage 244 MW Vitol wind farms in Pennsylvania

Exus Management Partners is partnering with commodities trader Vitol to manage three wind farms, totalling 244.4 MW, in the state of Pennsylvania, after having acquired the portfolio from a BlackRock managed fund, with the transaction expected to close later this quarter.

BayWa r.e. Opens Wind Projects Representative Office in Lang Son Province in Vietnam

Global renewable energy developer, service provider and distributor, BayWa r.e., announced the opening of its Wind Projects Representative office in Lang Son Province, Vietnam. The opening of the Wind Projects Representative office will strengthen BayWa r.e.'s position as a key renewable energy developer in Vietnam and enable the company to provide a wider range of wind energy services in the country.

Ørsted Enters Spanish Onshore Renewables Market with Solar and Wind Partnerships

Ørsted has entered four partnerships to pursue early-stage solar and onshore wind projects in the upcoming grid auctions in Spain and announces multi-GW ambitions in the market long-term. To support its Spanish ambitions, the company has established a team and office in Madrid.

Lack of Incentivization is Hindering Renewable Growth

Individuals are gearing up to endure another severely hot summer. Record-breaking temperatures place global society at risk for heat stroke and other health conditions. Climate change also adversely affects local ecosystems and contributes to biodiversity loss.

Wind Energy Hamburg