World’s #1 wind-power producer budgeting almost $15 billion for US construction the next 4 years

❝ …The world’s largest wind-power producer, Iberdrola SA, has brushed off Big Oil’s embrace of renewable energy as “more noise” than action.

Major oil and gas firms have been venturing into renewable power under pressure from climate-change policy, collectively spending around 1 percent of their 2018 budgets on clean energy…

❝ However, Iberdrola Chief Executive Ignacio Galan, who has led the Spanish utility for 17 years, shrugged when asked in a Reuters interview if Big Oil represented a competitive threat.

“It’s good that they have moved in this direction but they make more noise than the reality,” he said on Thursday on the sidelines of the World Economic Forum in Davos, Switzerland…

❝ He said U.S. states were more influential than Washington in terms of energy investment, and that several were looking to develop America’s first offshore wind farms, from Massachusetts down to North Carolina and New York across to California.

“The states are more and more committed to moving to renewables and the same is true of the cities and towns,” he said, adding that falling generation costs of renewable energy was a big driver of the U.S. adoption of wind and solar power.

Woo-hoo. I knew they were taking on the first big US wind-power project off Martha’s Vineyard. Hadn’t realized the size of their immediate follow-on commitment. [Davos has been really interesting this year and the coverage from Bloomberg TV has been stellar.]

7 thoughts on “World’s #1 wind-power producer budgeting almost $15 billion for US construction the next 4 years

  1. Mariah says:

    Iberdrola has built a wind farm in Torrance County (New Mexico, USA) through its US subsidiary AVANGRID Renewables. This particular region has one of the windiest and most complex climates in the country, where severe storms are commonplace and temperatures can exceed 50 °C. With an investment of approximately 500 million dollars, El Cabo has a total capacity of 298 MW and generates clean electricity for about 900,000 homes.
    Gamesa was the company selected to supply 149 G114 turbines, with 2.1 megawatts (MW) of unit capacity, in order to equip this Iberdrola wind project.
    https://www.windbusinessintelligence.com/videos/el-cabo-windfarm.-new-mexico.-usa

    • Baxter says:

      One of the wind turbines in the Casa Mesa Wind Energy Center near the village of House in Quay County N.M. collapsed Saturday amid high winds. (The Eastern New Mexico News 2/20/19) https://www.easternnewmexiconews.com/story/2019/02/20/news/high-winds-topple-turbine/160876.html “…turbine mishaps that have occurred during high winds were because the turbine’s braking system failed. Modern wind turbines are designed to shut off or slow their blades during high winds. If the blades turn too fast, it can cause the entire structure to become unstable and then disintegrate. According to the National Weather Service, Tucumcari Municipal Airport recorded wind gusts of 52 and 54 mph Saturday afternoon, with steady winds of 35 to 45 mph.”

  2. Gold rush says:

    How Betting $1 Million on Offshore New Jersey Wind Paid Off Big Time https://gcaptain.com/betting-1-million-on-offshore-new-jersey-wind-paid-off-big-time/ “…even at current costs, New England’s grid operator says offshore wind can stave off surging wholesale power prices when it’s extremely cold. That’s because the region relies on burning oil to meet peaks in demand. A 1,600-megawatt wind farm would have saved consumers $80 million and cut carbon emissions by 11 percent during a 16-day freeze last winter, according to ISO New England.
    Norway’s Equinor, one of Europe’s larger offshore-wind developers, expects turbine and component manufacturers to shift production to the U.S. as construction ramps up over the next decade, said Christer af Geijerstam, president of Equinor Wind U.S., the winner of leases in both New York and Massachusetts.
    See also “Offshore Wind Lease Off New Jersey Sells for 21,000% Gain in Just Three Years” https://gcaptain.com/offshore-wind-lease-off-new-jersey-sells-for-21000-gain-in-just-three-years/

  3. Kanpai! says:

    Wind-power demand in the U.S. Northeast may spur $1 billion or more in orders for offshore towers, according to Mitsubishi Heavy Industries America Inc. executives. https://gcaptain.com/mitsubishi-heavy-sees-1-billion-plus-opportunity-in-u-s-northeast-wind/
    Planned auctions for wind power in New Jersey, New York, Massachusetts, Rhode Island and Connecticut probably will require construction of as many as 1,000 offshore towers, said Takajiro Ishikawa, senior executive vice president at Mitsubishi Heavy’s U.S. unit.
    “This could easily be a billion-dollar business, even if we had to split it with Siemens,” Ishikawa said in a meeting with reporters on Tuesday in Houston.

  4. Vântură-lume says:

    New York State said on Thursday it had received proposals from Norway’s Equinor and three joint ventures to build its first offshore wind power park of at least 800-megawatt capacity. (Reuters 2/15/19) “The response to New York’s inaugural solicitation for 800 megawatts or more of offshore wind is unprecedented and historic,” the New York States Energy Research and Development Authority (NYSERDA) said.
    Proposals include projects to build up to 1,200 MW of capacity, which if constructed would be the largest offshore wind project in the United States, it added.
    Equinor, which won a U.S. federal auction in 2016 to lease 80,000 acres south of Long Island, said the area could potentially allow it to build an offshore wind park of up to 2,000 MW.
    The company says on its website that investments for a 1 GW offshore wind project would typically be about $3 billion.
    NYSERDA said the first offshore wind solicitation should help advance New York State’s plans to reach a goal of building 9,000 MW of offshore wind capacity by 2035.

  5. Whirly Dirly says:

    The first turbine at the soon-to-be world’s biggest offshore wind farm has been installed and is now producing electricity off of England’s coast. When fully operational, the 1,218-megawatt Hornsea 1 offshore wind farm will be nearly double the size of the current world’s largest offshore wind farm, Walney Extension, and capable of powering well over one million homes in the UK with renewable electricity. https://gcaptain.com/first-turbine-installed-at-worlds-largest-offshore-wind-farm/ To date, 172 out of 174 monopile foundations have been installed at the site, and turbine installation is expected to continue until late summer 2019.

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