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Balearic Islands commit to 100% renewables by 2050

The Parliament of the Balearic Islands has approved the Law of Climate Change and Energy Transition of the Balearic Islands. It is a law leading the fight against climate change and sets the path to an effective transition to clean energy. 

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German onshore wind auction under-subscribed

Just 476 MW worth of wind farm projects won capacity in the latest German onshore wind auction. A total of 700 MW was on offer. The average price of bids was €61/MWh. This was slightly lower than the previous auction in October 2018 (€63/MWh) but higher than May 2018’s €57/MWh.

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Just four wind turbine manufacturers accounted for more than half of the installed capacity in 2018

BNEF top 10 OEMDevelopers commissioned a little over 45GW of onshore wind turbines globally in 2018 compared with 47GW a year earlier. Just four manufacturers accounted for more than half, or 57%, of the machines deployed: Denmark’s Vestas, China’s Goldwind, GE Renewable Energy of the USA and Spain’s Siemens Gamesa.

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Poor return on capital threatens survival of some in wind turbine supply chain

The Global Wind Energy Innovation Trends report released by IntelStor reveals that over the past 40 years of the wind industry’s development, wind turbine manufacturing companies have spent US$ 33.4 billion on product development. That investment has led to the deployment of more than 390,000 wind turbines globally. But the industry also carries a dark secret. That staggering amount of investment has yielded a very poor return on capital (ROC) for most of the companies who have developed and sold wind turbines in the past 40 years.

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Turkey's wind energy sector grows 7.24% in 2018

Turkey invested US$ 650 million in the wind energy sector and added 457MW of installed capacity in 2018 according to the Turkish Wind Energy Association (TUREB).

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Africa and Middle East installed 962MW new wind capacity in 2018

The latest data released by the Global Wind Energy Council (GWEC) shows Africa and the Middle East installed 962MW capacity of onshore wind power in 2018, an increase of more than 300MW compared to 2017.

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