ENGIE North America Inc.’s Post

🚀 Renewable energy soared in 2023! According to TXF data, several sectors experienced robust growth in financing last year. T The transport sector took the top spot with volumes of $34.5bn, signaling a clear recovery for cruise and aviation post-COVID-19. However, the activity most worth celebrating is in the renewables sector. Renewable energy financing volumes increased significantly in 2023 to $24.0bn, doubling from $11.5bn in 2022 and reversing two years of declines. This made for a sharp decrease in transmission financing ($2.8bn), though these volumes are still higher than 2021 or 2020. ❓What do you think contributed to the significant increase in renewable energy financing in 2023? Explore more from our TXF Export finance data report for 2023: https://lnkd.in/dRVgSk4E #TXF #TXFIntelligence #exportfinance #datareport #transmission #RenewableEnergy #FinanceTrends

Claire Mack, Chief Executive at Scottish Renewables, responds to the UK Government's announcement of the Contracts for Difference Allocation Round 6 (AR6) budget increase. “Heightened ambition for 2030 must be matched by bold action and the welcome increase to the Allocation Round 6 budget sends a positive signal to industry that the UK Government is serious about achieving its clean power mission. “To maintain our globally competitive advantage, empower our supply chains and enrich our communities, it is essential that we enable deployment at pace across all clean energy technologies through the Contracts for Difference scheme. “Unleashing the full potential of Scotland’s renewable energy pipeline, in particular floating and fixed offshore wind, will require building on Allocation Round 6 to maximise deployment through future allocation rounds.  “This will drive economic growth, deliver energy security and achieve the UK Government’s clean power mission.” 🔗 https://lnkd.in/epcKPCwA #renewables #CFD #AR6 #AllocationRound

#NewsIE | The latest UK #PPA report from Cornwall Insight shows that EDF is the leader, once again, in signing #PPAs in the UK. ➡️ https://lnkd.in/daNWrKsU Tom Abbott, Director of PPA, shared: “Our PPA team are very proud to remain the leading offtaker of renewable power in Great Britain. We’re committed to supporting all types of generators, offering expert routes to market, and facilitating bespoke agreements to meet specific needs. It’s amazing to see our contribution recognised as we continue working with generators to help Britain achieve net zero”. FYI: EDF (UK), EDF Renouvelables, EDF Renewables UK & Ireland, RenewableUK

🔋 | ICYMI the news this week: 📈 EU body EIT InnoEnergy has launched a new platform for owning and operating energy storage assets across Europe, called Repono, targeting a 10% market share of an expected 1TWh market by 2030.   🔌 The US Bureau of Land Management (BLM) has given the go-ahead for a 150MW BESS co-located with a wind plant in California.   ⚡️ Developer rPlus Energies and utility PacifiCorp have amended an existing PPA for a solar-plus-storage project in Utah, to increase the energy storage resource’s planned size from 400MWh to 1,600MWh.   💡 Two new BESS projects have been announced in Australia, with the DK BESS 2 in the Northern Territory and a 200MW BESS project in New South Wales.   💰 Utility EWEC (Emirates Water and Electricity Company) has invited developers to submit expressions of interest (EOI) for a 400MW BESS project in the UAE.   #cleanenergy #sustainableenergy #renewables #batterystorage #energytransition #electrification #climatechange #sustainability #greenenergy #futureofenergy

At Youwind Renewables we take pride in our involvement in many R&D projects aimed at tackling pressing issues and innovating within the offshore wind industry. As we continue to push the boundaries of technology and sustainability, we are grateful for the opportunity to collaborate with leading partners in the industry,  including renowned companies and research institutions.💡 🤝 This is why we have just added a new section to our website dedicated solely to our R&D projects. Some of the main ones are: - MSCA-ADOreD: trains future researchers in offshore wind and HVDC technologies, bridging academia and industry to optimise Europe's energy grid and support the energy transition. - SUDOCO: advancing wind farm control by integrating technical, economic, and environmental aspects, optimising operations for both energy efficiency and sustainability - CETPartnership: enhancing system operations through cutting-edge communication, power electronics, and control technologies - H2SHIFT: alternative hydrogen production technologies, optimising offshore wind integration for cost-effective, scalable hydrogen generation - CDTI Innovación - Centro para el Desarrollo Tecnológico y la Innovación Spain Korea SKILLS: advances floating offshore wind with twin 10MW turbines, optimising performance, and longevity through digitalisation and active wake control. Our commitment to R&D is key to driving innovation that not only enhances our offerings for customers but also propels the entire offshore wind industry forward. Visit our R&D projects landing page to learn more: ⬇ 🔗 https://lnkd.in/gEYjaBQF #OffshoreWind #RenewableEnergy #Innovation #RDProjects #EnergyTransition #Sustainability #WindPower

When the top-notch research community in Offshore Wind embraces Youwind Renewables as a partner to make cutting-edge innovation more accessible to the industry, for me as a Founder is the greatest honor. It is about making a real IMPACT to the industry. So, when we claim our slogan, which is "Accelerating Offshore Wind", we do it by all means. 1 completed research project + 5 ongoing research projects with best consortia from EU and South Korea is a good way to back up the slogan I would say :) Let's keep the good work Youwinders! It you want to hear more about the implemented and ongoing outcomes of these projects to our IT platform, write to us at info@youwindrenewables.com, or simply drop me a PM, we are very easy to talk to :)

A project full of challenges, covid, changing land policy, grid substation, evolving WTG models and what not. However, EDF Renewables India led from the front and was the first one to commission 100% of its capacity in SECI tranche V bid. #EDFRenewablesIndia #project #renewablesenergy #switchtorenewables #windenergy #sustainability #kabini

Discover key insights into the dynamic #ElectricityMarkets with the latest EU Commission report. Explore the future of #energyefficiency and production systems in-depth. Access the report now: 👉 https://lnkd.in/dUBNJZgc In Q3 2023, renewables surged, constituting 46% of electricity generation, driven by: A 23% increase in #solarpower A 21% rise in #onshorewind A 12% uptick in #hydropower A 14% growth in #offshorewind Stay informed! #ECOFACT #H2020 #LCCA #LCA #Horizon2020 #IIOT #DigitalTwins

In case you missed our insights this week, Enerdatics presents a weekly recap of our Analysis 📊 ⬇ : -- Solar M&A in Europe: Private Equity Firms and Listed IPPs Adapt Acquisition Strategies Amid Growing Competition https://lnkd.in/gA7qKqeT -- Shizen Energy Seeks Equity Backer for Aussie Solar Play: A Strategic Move Similar to Their Recent Deal with Stonepeak in Japan https://lnkd.in/gu8wVEzP -- 🚨 Major Challenge to New York’s 9 GW Offshore Wind Ambitions as NYSERDA Withdraws Awards https://lnkd.in/g8Zq5T8X -- 📈 Corporate PPA activity in the ERCOT market has reached 1.8 GW, YTD 2024. https://lnkd.in/gvTADDHX -- Greenbacker Secures $437mn to Repower US Wind Farms, Gains 40% ITC Boost Through Sale-Leaseback Deal https://lnkd.in/gmcvryvC #RenewableEnergy #SolarPower #Sustainability #EnergyTransition #CleanEnergy #UtilityScale #FutureOfEnergy #GreenTech #Innovation

When Ontarians can’t rely on renewables alone, Atura Power's natural gas-fired generation helps ensure that a reliable supply of electricity is there when we need it. Find out more here: https://lnkd.in/ejMcTxn5. #reliable #affordable #gasgeneration #aturapower