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Top Spanish renewable energy firms move in on burgeoning US market
Spain's leading renewable energy firms have visited California this week to help meet the State's surging demand for renewable energy.
Spanish companies have committed more than US$5 billion to the US market this year alone, and delegates have met with major utilities, economic development officials, legislators, regulators, private firms and the Governor regarding further investment in renewable energy growth.
Germans buy into mega-wind farm plan
A 50 per cent stake in what will be the world's largest offshore wind farm has been bought by German utility giant RWE.
The deal, worth £308m, was brokered between RWE and Scottish and Southern Energy for the Greater Gabbard wind farm, 15 miles off the Suffolk coast. Under the terms of the deal SSE will be the operator of the wind farm in its development and operational stages.
Platts 3rd annual central and eastern European power conference
Platts 3rd Annual Central and Eastern European Power
February 2-3, 2009
Marriott Warsaw
Warsaw, Poland
Register now:
Atlantic storm approaching Europe may slam power price
Spanish windmills owned by Iberdrola SA and Endesa SA may generate a record amount of electricity this week, forcing local power prices to three-year lows, calculations from Bloomberg weather data show.
An Atlantic Ocean storm is forecast to generate winds averaging 17.4 miles an hour across the peninsula. Lighter winds, at 13.6 miles an hour, were enough to break the previous record output four weeks ago. Then, the extra supply cut power prices by 11 percent.
Wind: A Booming sector in a plunging economy
Despite the economic downturn, wind power has becomes Europe's fastest growing energy source. More wind power was installed in Europe than any other electricity-generating technology in 2008, according to data released by the European Wind Energy Association.
EWEA figures show that wind power provided 43% of new capacity - or almost two gigawatts - compared with 35% for gas, 13% for oil, 4% for coal and 2% for hydro power.
