Sweden's Vattenfall wins Dutch 700 MW offshore wind energy contract

20/03/2018 10:37 Wind

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Vattenfall has been awarded the green light for construction of the 750MW Hollandse Kust Zuid offshore wind park.

The wind site is planned to become the first non-funded wind farm by the country in the Netherlands and is situated 22.2 kilometers off the west coast of the country.

 

The renewable energy developer states that the wind farm could generate green power for around 1.5 million homes.

 

Magnus Hall, Vattenfall’s President and CEO, declared: “This is excellent news for Vattenfall and the Netherlands. It is a significant step for us in view of our ambitions to grow in renewable energy production. We have previously announced that we intend to invest €1.5 billion (£1.3bn) in growth investments in wind power for the period 2017-2018.”

EU approves German coal phase-out tender mechanism

26/11/2020 08:42:00

The European Commission today said Germany's coal phase-out tender mechanism to compensate operators for early closures promotes climate objectives and is in line with state-aid rules. But it said it will investigate the mechanism for closing lignite-fired plants.

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Daily (26.11.2020): European power prices soared on Wednesday amid colder weather outlook and lower wind generation

26/11/2020 10:33:00

Crude prices hit an eight-month high on Wednesday, supported by a drop in US oil stocks, progress on the coronavirus vaccine and optimism ahead of the next OPEC+ summit. As such, Brent crude rose by 1.6% to $48.61 a barrel, while WTI oil ended 1.8% higher at $45.71 a barrel.

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EU approves German coal phase-out tender mechanism

26/11/2020 08:42:00

The European Commission today said Germany's coal phase-out tender mechanism to compensate operators for early closures promotes climate objectives and is in line with state-aid rules. But it said it will investigate the mechanism for closing lignite-fired plants.

READ MORE