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Learning from losses: offshore wind at a turning point

In its new report, A turning point for offshore wind, Allianz Commercial, a major player in the insurance of renewables and low-carbon technology, highlights growth opportunities, innovations, risk trends, and loss patterns for the offshore wind industry as the sector prepares for global growth.

Optimising gensets to reduce emissions

Diesel gensets are reliable and flexible workhorses, with low cost of ownership. But their emissions must be reduced. The good news is that a number of options are available, conversion to HVO fuel being one of them, which do not noticeably reduce performance or increase costs.

Commission acts to support European wind power

Achieving the recently agreed EU target of at least 42.5% renewable energy by 2030, with an ambition to reach 45% renewables, will require a massive increase in wind installed capacity with an expected growth from 204 GW in 2022 to more than 500 GW in 2030. While the wind power sector has been an EU success story, its future growth path is faced with a unique set of challenges including insufficient and uncertain demand, slow and complex permitting, lack of access to raw materials, high inflation and commodity prices, unsupportive design of national tenders, increased pressure from international competitors and the risk that the required skilled workforce may not be available.

Multibillion $ hydrogen hub launch in the US

As part of President Biden’s Investing in America agenda, “a key pillar of Bidenomics”, the US Department of Energy has announced up to $7 billion in potential funding to launch seven Regional Clean Hydrogen Hubs (H2Hubs) to accelerate the commercial-scale deployment of low-cost, clean hydrogen. Funded by the Biden Bipartisan Infrastructure Law, the Federal investment would be matched by recipients to leverage a total of nearly $50 billion.

Another 1800 MW of PV for MBR solar park

Dubai Electricity and Water Authority (DEWA) has signed a contract with Masdar (Abu Dhabi Future Energy Company) to build and operate the 1800 MW of photovoltaics comprising the sixth phase of the Mohammed bin Rashid Al Maktoum solar park, described as the world’s largest single site solar facility.

Bringing grid stability to Germany

Four new TSO-controlled 300 MW open cycle gas turbine based power plants are at various stages of completion in southern Germany.

Initial plans agreed for Poland’s first nuclear power plant

US and Polish officials have signed an agreement to go ahead with the construction of Poland’s first nuclear power plant, under the Polish government’s policy to reduce its dependence on fossil fuels.