A Word About Wind

The UK Autumn 2024 budget missed the mark on renewables ❌ With focus for UK renewal on health, housing, defence and infrastructure, Tamarindo believes 'net zero' and clean energy expansion as a pathway to sustainable growth has again been overlooked. While some concessions have been made, the budget falls short of making the most of the UK’s renowned strengths in innovation to set a green industrial strategy that could place the UK at the forefront of the global energy transition. Our Budget Highlights - Existing Commitments: - Reversal of the onshore wind ban in England. - Approval of nearly 2GW in new solar projects. - Increased budget for the sixth Contracts for Difference (CfD) allocation. - Secured £34.8 billion in private investment for clean energy. New Commitments: - £3.9 billion for carbon capture projects to decarbonise industries. - £125 million to establish GBEnergy. - £2.7 billion for nuclear development, primarily for Sizewell C progression. - £163 million to extend the Industrial Energy Transformation Fund through 2027-28. - Support for the first electrolytic hydrogen production contracts to accelerate industry decarbonisation. - A continued commitment to phase out new internal combustion engine vehicles by 2030, with all new cars and vans zero-emission by 2035. - Commissioning of advice from the National Energy System Operator (NESO) to inform a detailed Clean Power 2030 Action Plan. - Increase in the Energy Profits Levy for North Sea oil and gas. - 50% increase in Air Passenger Duty for private jets. As competitor economies (notably China and the US, but also the EU and specific member states) actively secure green supply chains and position themselves as leaders in clean technology, the UK's less than bold approach may result in missed opportunities to capture innovative global markets and support a green economic transition. By Thomas Greening #renewables #renewableenergy #budget

Mirova invests €480m in developer RP Global - click here: https://hubs.la/Q02VSMXG0 Pictured (l-r): gerhard matzinger, RP Global France; Raphael Lance, Mirova

EDP Renewables concludes 240MW Polish sale - click here: https://hubs.ly/Q02VJ2TC0

Avangrid closes sale of 800MW offshore zone to Dominion Energy - click here: https://hubs.la/Q02VHSy60 Pictured: Pedro Azagra, Avangrid

Scout Clean Energy agrees 147.5MW Gonzaga Ridge PPA - click here: https://hubs.la/Q02VHrM10 Pictured: Michael Rucker, Scout Clean Energy

OW Ocean Winds and Eletrobras form Brazilian offshore tie-up - click here: https://hubs.la/Q02Vs8KF0

Actis-backed Levanta Renewables and Citicore Renewable Energy Corporation (CREC) team up in the Philippines - click here: https://hubs.la/Q02Vs8Ms0 Pictured (l-r): Oliver Tan, CREC; Sudhir Nunes, Levanta

🚨OUT NOW 🚨 The 2024 Energy Transition Power List features the top 100 individuals that have had the greatest impact on the rollout of renewable energy projects in the last 18 months. Published in partnership with Green Giraffe Advisory, Tamarindo's Power List programme assesses those who have a positive impact on the energy transition through their work in renewables generation and associated projects. Find out who are the most powerful individuals in the industry - https://hubs.la/Q02VkgLQ0 #PowerList #EnergyTransition #RenewableEnergy #Renewables #Wind #Solar #EnergyStorage #PowertoX

Copenhagen Infrastructure Partners has bought a stake in the technology company founded by wind pioneer and former Siemens wind chief technology officer Henrik Stiesdal (pictured). CIP is investing in Stiesdal through flagship fund Copenhagen Infrastructure V and is aiming to establish the company as a long-term leader in the floating wind industry. Michael Hannibal, partner at CIP, said: "This investment is a next step in our pursuit of large-scale floating wind projects and together with Stiesdal Offshore we look forward to work towards advancing floating wind technology, overall project execution and cost reduction.” For more wind news and analysis, you can read our A Word About Wind intelligence briefing here: https://lnkd.in/eUyWyFAG #offshorewind #floatingwind #technology A Word About Wind | Energy Storage Report | Tamarindo

Vestas wins 70MW Terrawatt Planungsgesellschaft order in Germany - click here: https://hubs.la/Q02V3fzv0