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IntelStor analysis of World Bank Group investments in global wind energy

Since 1995, wind power has benefited to the tune of US$80.7 billion in project finance allocation from the World Bank on 565 different projects around the world. Brazil has been the single largest beneficiary of these investments, receiving US$24.2 billion (30.0% of total) between 1998 – 2018 and adding more than 4.5GW of wind energy to their allocation of 14.1GW at the end of 2018. The remainder of capacity additions in Brazil were completed through a combination of public and private finance from other sources.

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Dunkirk auction result boosts the case for ambitious offshore wind volumes in France

Bids to build a 600 MW offshore wind farm off the coast of Dunkirk came in at a winning price of “below” €50/MWh the French Government announced. The winning bid came from a consortium led by EDF Renewables, Innogy and Enbridge.

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US renewable capacity now greater than coal

The Federal Energy Regulatory Commission’s (FERC) latest Energy Infrastructure Update revealed that the total capacity online of renewable electricity sources - hydro, wind, solar, biomass and geothermal - exceeded coal capacity for the first time in April in the USA.

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Carbon Trust OWA launches competition to reduce vessel emissions

The Carbon Trust’s Offshore Wind Accelerator (OWA) has launched a competition to accelerate the development of technologies with the potential to reduce vessel emissions and fuel consumption. Up to £100,000 in funding will be awarded to the winning technologies, from a total funding pot of £300,000, to support technology development or demonstration.

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German offshore wind industry generated revenue of around € 9 billion in 2018

In the German offshore wind energy industry in 2018, almost 800 market participants with around 24,500 employees generated more than 9 billion euros of revenue according to a study from market research institute wind:research.

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Wind Industry creates Africa Task Force to speed up development

The Global Wind Industry Council (GWEC) has set up a new Task Force to speed up and facilitate the development of wind energy in Africa. The Task Force brings together developers, manufacturers and associations that are active in the African market, including Siemens Gamesa Renewable Energy, Vestas, the South Africa Wind Energy Association, Africa Europe Energy Partnership, RES4Africa, Mainstream Renewable Power, Acciona Energia, GE Renewable Energy, NRG Systems, DNV-GL, Nordex, Goldwind, Aurora Wind Power.

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