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EuroWind and Wind Estate form JV for 186MW wind parks in Denmark

The pair will set up a new company, K/S Blue Holding, to consolidate Denmark’s wind power capacity. Danish energy companies EuroWind Energy and Wind Estate have created a joint venture (JV) to combine their wind power capacity, which now amounts to 186.3MW. Under the agreement, the companies will establish K/S Blue Holding with an equally split ownership. Eurowind is contributing 28 turbines at Overgaard wind park and 11 turbines at Norre Okse So wind park with capacities of 96.9MW and 39.6MW, respectively. Wind Estate is supplying 16 turbines at Overgaard with a capacity of 49.8MW. Under the JV, Wind Estate will also pay an undisclosed sum to Eurowind Energy, with the companies confirming that the total value exceeds DKr3bn (€402.05m). Overgaard is Denmark’s largest onshore park with an overall capacity of 146.7MW, nearly twice the size of the second largest, Vindpark Thorup-Sletten, at 77MW. Wind Estate chief executive Ane Mette Lysbech-Kleis said: “The collaboration opens up opportunities that neither of us could achieve alone. And when the turbines stand side by side, as in Overgaard, it makes sense to explore how we can jointly optimise the operation and further develop the area.” Eurowind Energy chief executive Jens Rasmussen added: “By consolidating all the turbines in Denmark’s largest wind park, we maximise the value of the park. We have several other joint interests, so it is certainly possible that we will further enhance our cooperation with Wind Estate, both in Denmark and abroad.” According to Power Technology’s parent company, GlobalData, wind energy is set to supply 60% of Denmark’s power generation by 2030. In April, the Danish Energy Agency launched its biggest offshore wind tender to date, with a combined potential capacity of up to 10GW to meet the country’s electricity demand of 34.5 terawatt-hours (TWh). By 2035, GlobalData expects consumption to increase marginally at a compound annual growth rate of 0.9% to reach 38.4TWh. Denmark is targeting 100% renewable energy electricity generation by 2050 as it works to phase out fossil fuels. Denmark

WattBridge commissions 384MW Remy Jade station in Texas, US

The generating station is equipped with eight 48MW aero-derivative gas-turbine packages. US-based independent power producer WattBridge Energy has begun commercial operations at its 384MW Remy Jade generating station in Harris County, Texas. The facility will provide dispatchable power for two million homes, contributing to the stability and reliability of the local energy infrastructure. The Remy Jade generating station is equipped with eight 48MW aero-derivative gas-turbine packages. The units bolster renewable energy generation, particularly when demand outstrips supply, regardless of weather conditions. The 384MW facility is the sixth plant built by WattBridge in four years. With the addition of the Remy Jade facility, WattBridge’s operational portfolio now exceeds 2.3GW of dispatchable power resources. Further expansion is on the horizon as WattBridge has submitted proposals for four projects, collectively exceeding 1.6GW, to the Texas Energy Fund (TEF). These projects will almost double the company’s capacity in the state to 5GW. WattBridge president Mike Alvarado stated: “The WattBridge platform answers the call for new power generation in Texas like no one else. “Since 2020, we have commissioned six generating facilities with 48 turbines and created the largest LM6000 fleet in the world. Now we’re ready to build more capacity for Texans.” The new facilities, like all WattBridge plants, were delivered as turnkey PowerFLX solutions by PROENERGY. PROENERGY CEO Jeff Canon stated: “Dispatchable generation isn’t just a part of the energy transition – it is the energy transition. “A clean energy future requires a practical and repeatable model with proven technology that supports renewable development in every power market in the world.” In May 2023, WattBridge Energy completed the commissioning of the 288MW Brotman generating station in Brazoria County, Texas. United States

Masdar, EDF and KOWEPO finalise funding for 1.5GW solar farm in UAE

Located in Abu Dhabi, the Al Ajban project will be completed in the third quarter of 2026. EDF Renewables, Masdar and Korea Western Power (KOWEPO) have announced financial closure for the 1.5GW Al Ajban solar project in Abu Dhabi., United Arab Emirates (UAE). The financing for the solar scheme has been secured from financial institutions BNP Paribas, Credit Agricole CIB, the Export-Import Bank of Korea, HSBC Middle East, Standard Chartered Bank and the Sumitomo Mitsui Banking Corporation. Masdar chief executive Mohamed Jameel Al Ramahi stated: “Partnerships are vital to the energy transition and to achieving the objective of tripling global renewable capacity by 2030 set out in the UAE Consensus. “With the development of Al Ajban, Abu Dhabi is home to three of the largest single-site solar plants in the world, making it a global leader in the adoption of utility-scale solar power.” The Al Ajban project is jointly owned by EDF Renewables (20%), KOWEPO (20%) and Masdar (60%). The consortium will undertake the solar plant’s design, finance, construction, and operation. The project company signed a 30-year power purchase agreement (PPA) with the Emirates Water and Electricity Company (EWEC). EWEC chief executive Othman Al Ali stated: “Al Ajban Solar PV is a further example of EWEC’s industry-leading strategic advancement of world-leading solar power projects, and stewardship of the UAE’s energy transition. “Solar power is one of the most cost-effective and low-carbon-intensive solutions for electricity generation, and we are rapidly commissioning and deploying new utility-scale solar power projects, to enable the generation of 7.5GW of PV [photovoltaic] solar by 2030, in addition to projects in support of UAE’s next-generation energy infrastructure. “The financial close of Al Ajban Solar PV is a further milestone in this key project that will enable our decarbonisation of the UAE’s energy sector.” Located 70km northeast of Abu Dhabi, the solar facility will be completed in the third quarter of 2026. The Al Ajban solar PV independent power producer will utilise three million solar panels equipped with single-axis trackers to maximise energy production. In July 2024, Masdar signed an agreement to acquire a 49.99% stake in Endesa’s 2.5GW renewable energy portfolio in Spain, valued at €1.7bn (£1.8bn). United Arab Emirates

Global nuclear power on the rise as IAEA outlook surges for fourth consecutive year

World nuclear capacity is now projected to increase by 2.5 times the current capacity by 2050. The International Atomic Energy Agency (IAEA) has revised its annual projections for the global expansion of nuclear power, marking the fourth year of a successive increase in capacity. At the end of 2023, global nuclear capacity stood at 371.5GW, with 413 nuclear power reactors operational. In the IAEA’s highest case scenario, nuclear electrical generating capacity is projected to increase to 950GW by 2050, bringing global capacity to slightly more than 2.5 times compared to 2023 with a 25% contribution from small modular reactors (SMRs). In the lowest case projection, the IAEA expects capacity to rise 40% to 514GW with a 6% contribution from SMRs. The report states that the high case scenario depends on enablers such as national policies, supporting investments, regulatory collaboration and emerging innovations such as nuclear fusion technology. All operating reactors, potential lifetime extensions, possible power uprates, planned shutdowns and expected construction projects in the next few decades were considered in the IAEA’s estimates. According to the organisation, around 30 “newcomer countries” are either considering or moving forward with plans to introduce nuclear power into their energy mix, while other countries are expanding and extending the lifetimes of existing nuclear power plants. For example, in April the IAEA cleared Japan’s Mihama nuclear power plant for a 60-year lifetime. IAEA Director General Rafael Mariano Grossi commented: “The new projections reflect increasing acknowledgement of nuclear power as a clean and secure energy supply, as well as increasing interest in SMRs to target both electric and non-electric applications to meet climate goals and foster sustainable development.” At the 2023 United Nations Climate Change Conference (COP28) in Dubai, nuclear power was included for the first time in the Global Stocktake, which called for accelerating the deployment of low emission technologies. In addition, France led a group of 20 countries at COP28 to sign a pledge to triple nuclear capacity by 2050 from 2020 levels. Various Countries

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EuroWind and Wind Estate form JV for 186MW wind parks in Denmark

WattBridge commissions 384MW Remy Jade station in Texas, US

Masdar, EDF and KOWEPO finalise funding for 1.5GW solar farm in UAE

Global nuclear power on the rise as IAEA outlook surges for fourth consecutive year

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