Construction World SA’s Post

𝐂𝐢𝐭𝐢𝐜𝐨𝐫𝐞 𝐬𝐞𝐥𝐞𝐜𝐭𝐬 𝐋𝐞𝐯𝐚𝐧𝐭𝐚 𝐚𝐬 𝐩𝐚𝐫𝐭𝐧𝐞𝐫 𝐟𝐨𝐫 𝐢𝐭𝐬 𝐦𝐚𝐢𝐝𝐞𝐧 𝐰𝐢𝐧𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬 Citicore Renewable Energy Corporation (CREC), through its 100% owned subsidiary and wind generation platform Citicore Wind Energy Corporation (CWEC), is partnering with Levanta Renewables (Levanta), a leading Southeast Asia-focused renewable energy platform backed by Actis, on the development of an onshore wind portfolio in the Philippines. Under the terms of the agreements signed 18 October 2024, Levanta and CREC will establish a joint venture company that will drive the development of CREC’s onshore wind projects.    This strategic partnership will cover the development, financing, construction, and operations and maintenance of Citicore’s 4 onshore wind projects located in Luzon and Visayas, all of which secured offtake via the Department of Energy’s Green Energy Auction Program (GEAP) in July 2023 and total 375 megawatts.   “We are entering the next phase of CREC’s journey to power a brighter future for the Philippines with the start of our first four onshore wind projects, and there is no better partner to take this step with than Levanta. They bring decades of extensive technical and operational experience to this partnership and to our onshore wind industry.” Oliver Tan, President of CREC. “We are delighted to partner with CREC on the development of onshore wind projects in the Philippines. This partnership marks Levanta’s entry into the Philippines wind market, serving as a key step towards its goal of achieving 1.5 GW of operating capacity across Southeast Asia by 2028. We intend to leverage our partnership with CREC to pursue more utility scale renewable energy projects in the Philippines.” Sudhir Nunes, CEO of Levanta.   The partnership is subject to and conditional upon certain customary conditions and is expected to close in the next few months.   CREC has a diversified project portfolio comprising of solar, hydro and wind energy, with its wind pipeline targeting 3 GW of operating generation capacity over the medium and long term to complement its 5 GW of solar energy in five years, or until 2028. ### Read about CREC, Levanta, and Actis here: https://lnkd.in/gNP_XAd3 #CREC #Citicore #LevantaRenewables #LetsPowerOn

Wind turbine manufacturer ENERCON and energy firms İş Enerji and Polat Enerji signed a memorandum of understanding for the installation of a 2.5 GW of onshore wind power plants in Turkey and surrounding countries. Polat Enerji, one of the largest wind energy operators in Turkey, is 50/50 owned by Polat Holding and İş Enerji, a subsidiary of Türkiye İş Bankası, the largest private sector bank in the country. “We are pleased to advance our commitment to wind energy together with Enercon both in Turkey and other countries where Polat Energy Europe invests in and develops projects,” said Polat Enerji's board member Neset Ozgur Cireli.

𝗜𝗟𝗢𝗖𝗢𝗦 𝗡𝗢𝗥𝗧𝗘 𝗦𝗢𝗟𝗜𝗗𝗜𝗙𝗜𝗘𝗦 𝗜𝗧𝗦 𝗦𝗧𝗔𝗧𝗨𝗦 𝗔𝗦 𝗦𝗢𝗨𝗧𝗛𝗘𝗔𝗦𝗧 𝗔𝗦𝗜𝗔’𝗦 𝗥𝗘𝗡𝗘𝗪𝗔𝗕𝗟𝗘 𝗘𝗡𝗘𝗥𝗚𝗬 𝗖𝗔𝗣𝗜𝗧𝗔𝗟 𝗪𝗜𝗧𝗛 𝗔𝗕𝗢𝗜𝗧𝗜𝗭 𝗪𝗜𝗡𝗗 𝗣𝗥𝗢𝗝𝗘𝗖𝗧 The Province of Ilocos Norte is securing its stand as the "Renewable Energy Capital of Southeast Asia” by exploring the development of a wind power project in Bangui with Aboitiz Renewables, Inc. (ARI), through its subsidiary Luzon Cleanergy Generation Inc. Currently, Ilocos Norte is home to over 100 wind turbines installed across the province, with over 360 megawatts of total generating capacity. The electricity from these wind turbines provide power to thousands of homes in the country. ARI is presently in the initial process of securing the project area through a Special Land Use Permit with the Department of Environment and Natural Resources (DENR) in preparation for the installation of the meteorological mast for wind data gathering. The company is the renewable energy subsidiary of Aboitiz Power Corporation which, together with its partners, stands as the Philippines’ largest owner and operator of renewable energy based on installed capacity. Bangui is the home of the first wind farm in Southeast Asia, being an ideal location for wind power project developments due to consistent strong winds called “Amihan” or Northern Monsoon. ARI began its first engagement with the Provincial Government of Ilocos Norte in the first quarter of 2021. Following this, it assisted the company by introducing the project team to the relevant local government units and other government agencies. According to officials of ARI, they are looking into Ilocos Norte among other promising areas due to the Provincial Government’s support and investment incentives provided to investors, as well as the active engagement of local communities. Aside from Bangui, ARI is also eyeing several other renewable energy initiatives across various towns in the province. Governor Matthew Marcos Manotoc continues to lead the expansion of the province’s renewable energy profile by attracting key investments and strengthening the provincial government’s commitment to inclusive and sustainable development. 

Fortum has entered into an agreement to acquire a multi-gigawatt renewables project development portfolio from Enersense International Oyj.   The acquisition includes Enersense’s portfolio of wind and solar power development projects, as well as project management personnel and other associated resources.   The portfolio features 2.6GW of early-stage onshore wind development projects in Finland, with only a small portion anticipated to reach ready-to-build status.   The agreement includes a fixed cash and debt-free purchase price of €9.25 million, along with a variable payment of up to €74 million. Click the link below for the full story and follow us for daily mandates & news. #onshorewind #windenergy #renewableenergy

ENGIE Expands Red Sea Wind Energy Project in Egypt 🇪🇬 📢 ENGIE has announced a 150 MW expansion to its flagship Red Sea Wind Energy project, under construction in Ras Ghareb, Egypt. This will bring the total capacity to 650 MW, making it the largest wind farm in Africa. 🤝 The project is being developed by ENGIE in partnership with Orascom Construction PLC (25%), Toyota Tsusho Corporation (20%), and Eurus Energy Holdings (20%). ⚡ The consortium has secured an additional long-term power purchase agreement with the Egyptian Electricity Transmission Company for the 150-MW expansion. This ensures revenues for the entire 650 MW over the next 25 years. 🗨️ “We are committed to replicating the same level of operational excellence for Red Sea Wind Energy’s expansion, relying on our Egyptian partners and the consortium’s operational excellence. Once completed in 2025, Red Sea Wind Energy will be one of the largest onshore wind facilities in ENGIE’s global portfolio and will significantly contribute to the Egyptian government’s ambitions to transition to a low-carbon economy,” said Paulo Almirante, ENGIE’s senior executive vice-president of Renewables & Energy Management. 🔌 306 MW is already connected to Egypt’s national grid, with full commissioning expected in Q3 2025. This marks the consortium’s second project in Ras Ghareb, following a 262.5-MW wind farm that began operations in October 2019. Congratulations to Paulo Almirante! 🌱 At Inuka, we support the leaders driving renewable energy transformation in emerging markets. Reach out to learn more about our active roles! #RenewableEnergy #WindEnergy #AfricaEnergy #Sustainability #Egypt #Inuka #GreenEnergy

Empire Energy Offshore Expands Consultancy Services in Asia’s Offshore Wind Sector Empire Energy Offshore is pleased to announce a significant milestone in our journey as global leaders in offshore wind innovation. We have been engaged to provide expert guidance and consultancy services to support the advancement of floating offshore wind initiatives in Asia, reflecting the region’s growing commitment to renewable energy. This opportunity represents a key step for Empire Energy Offshore as we expand our presence into one of the world’s most dynamic and rapidly growing renewable energy markets. Our involvement underscores our ability to deliver tailored solutions that address the unique challenges of floating offshore wind development while contributing to the region’s ambitious energy transition goals. Asia is renowned for its proactive adoption of renewable energy and offers tremendous potential for offshore wind growth. This aligns seamlessly with Empire Energy Offshore's mission to empower developers with the insights and expertise needed to realize the full potential of sustainable energy solutions. “This consultancy engagement highlights our capability to support transformative developments in offshore wind across the globe,” said Mike M., Snr Director of Offshore. “We are thrilled to collaborate in a region that is pivotal to the global renewable energy movement and look forward to making a meaningful impact.” As Empire Energy Offshore continues to expand into new territories, we remain committed to redefining the future of renewable energy through world-class expertise and innovative solutions. This opportunity further solidifies our reputation as a trusted partner for offshore wind ventures worldwide. Find out more about our consultancy services here: https://lnkd.in/ewHqTjUx #EmpireEnergyOffshore #OffshoreWind #FloatingWind #RenewableEnergy #EnergyTransition #AsiaRenewables #WindEnergy #Consultancy #GlobalEnergy #EnergyInnovation

Interesting shift. “In a significant move, British energy giant BP plans to divest its U.S. onshore wind energy business, BP Wind Energy. The decision marks a pivotal shift in the company’s renewable energy strategy, with the sale of its wind assets set to begin in autumn 2024. These assets, which span 10 operating onshore wind farms across seven U.S. states, represent a total net generating capacity of 1.3 GW. However, BP has determined that these assets no longer align with its growth objectives, particularly as it shifts focus towards solar energy through Lightsource BP, the company’s solar energy subsidiary.” “BP’s decision to divest its U.S. onshore wind energy business signifies a major pivot in the company’s renewable energy strategy, as it places greater emphasis on solar energy through Lightsource BP. This move reflects the complexities of balancing investor demands, profitability, and sustainability in a rapidly changing energy landscape. While wind energy has been a key component of BP’s renewable portfolio, the company’s shift toward solar could strengthen its position in the renewable energy sector, particularly as it works towards its ambitious net zero targets.” Environment+Energy Leader Lightsource bp Reuters Contact Energy Ltd bp #environmentalcontent #educate #netzero #emissions 

The Biden-Harris Administration is advancing offshore wind energy leasing in Guam! The Bureau of Ocean Energy Management (BOEM) has announced a Call for Information and Nominations to explore potential offshore wind energy areas. 🏝️ Guam is aiming for 50% renewable energy by 2035 and 100% by 2045! This initiative supports the broader U.S. goals of deploying: ✅ 30 GW of offshore wind energy by 2030 ✅ 15 GW of floating offshore wind energy by 2035 This is a huge step towards clean energy, reducing carbon emissions 🌱, creating jobs 👷♀️, and strengthening the economy. BOEM is prioritizing engagement with Indigenous Peoples, local stakeholders, and underserved communities to ensure a responsible and inclusive approach. 📅 Public comment period: Jan 6 – April 7, 2025 📍 Area under consideration: ~2.1 million acres around Guam 🌊 (depths: 350–2200m) #OffshoreWind #RenewableEnergy https://lnkd.in/d4_6Sz6u

This custom-built factory, located 52 kilometres from the wind farm site, is a key investment in the region’s renewable energy infrastructure and we are pleased to be able to announce that the facility is ready to ramp up in line with the construction milestones,” explained David Moncasi Hortet, Head of Sales for Africa at Nordex Energy South Africa. Read more here: https://bit.ly/3ARmcrK

The Paris Agreement called in a Net Zero Emission goal by 2050 to limit global warming and prevent the worst effects of climate change. While the Philippines has yet to establish its net zero goal per DENR, our country aims to achieve 35% renewable energy by 2030 and over 70% by 2050.