Renewable Energy Magazine-Wind newsletter

Global Wind Energy to Top 1 TW Threshold by the End of 2023

The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie. “After needing more than 40 years to reach one TW of installations, the wind industry will reach the next TW of installations within the next eight years, a significant acceleration of growth,” said Luke Lewandowski, Wood Mackenzie Research Director.

EBRD and GCF to Support Largest Wind Farm in Africa

The European Bank for Reconstruction and Development continues its support for Egypt's green transition by issuing a senior secured loan of up to $100 million to Red Sea Wind Energy. The loan will fund the development, construction and operation of a new 500 MW onshore wind farm located in the Gulf of Suez area.

Companies partner to develop Portuguese pilot project

Gazelle Wind Power, developer of a modular floating offshore wind platform, has teamed up with renewable energy developer WAM Horizon (WAM) to accelerate the development of a pilot plant using Gazelle’s breakthrough floating wind platform, in Aguçadoura, Portugal.

Mitsubishi Corporation Signs Loan Agreement for Monsoon Cross-border Wind Project in Laos

Mitsubishi Corporation and other project sponsors signed a $692 million financing package for the Monsoon cross-border wind power project in Laos with the Asian Development Bank, Japan International Cooperation Agency, Sumitomo Mitsui Banking Corporation, and other lenders.

Wind Europe