Shell Places 1.6 Gigawatt Bet On US Offshore Wind Energy
The ill-fated Cape Wind offshore wind project may be gone, but the Massachusetts offshore wind energy industry has roared into life with new lease auction.
The ill-fated Cape Wind offshore wind project may be gone, but the Massachusetts offshore wind energy industry has roared into life with new lease auction.
Offshore wind turbine manufacturer MHI Vestas announced on Thursday that it has received its largest order in company history to supply 100 of its 9.5 megawatt (MW) wind turbines to the 950 MW Moray East Offshore Wind Farm set to be built in Scotland’s Moray Firth.
Renewable energy companies Vestas and Energias de Portugal Renováveis (EDPR) describe a hybrid demonstration setup based on wind and solar photovoltaics to be installed at an EDPR wind farm in Cádiz, Spain, in a press release.
The UK’s latest competitive auction saw offshore wind prices tumble to record lows of as little as £57.50 per MWh, a 47% decrease on past offshore wind prices, and dipping well below the price guaranteed to the Hinkley Point nuclear power plant.
A total of eleven new electricity projects totaling more than 3 gigawatts were awarded contracts by the UK Government today in the country’s latest competitive auction for Contracts for Difference, including three offshore wind farms which included an impressive low strike price of only £57.50 per megawatt-hour.