EU raises offshore wind target to 300GW by 2050

  • : Electricity
  • 20/11/19

The EU has increased its offshore wind capacity target to 300GW by 2050, today's European offshore renewable energy strategy presented by the European Commission shows.

The commission aims to increase the EU's offshore wind capacity to 60GW by 2030 and 300GW by 2050, up from 12GW currently installed.

The commission wants to complement this with 40GW of ocean energy and other emerging technologies, such as floating wind and solar, by 2050.

Projected installed capacity would increase to only around 90GW by 2050 under current policies, the commission said.

The EU's offshore wind capacity accounts for 42pc of the global total, followed by the UK with 9.7GW and China with 6.8GW.

Reducing greenhouse gas emissions by 55pc by 2030 will require more than 80pc of electricity to come from renewables, an earlier impact assessment cited in the commission's strategy said.

The commission plans to launch EU-wide tenders from next year, under a new renewable energy financing mechanism that aims to facilitate participation and benefits with land-locked EU states.

Earlier this month, the German government set a new target of 20GW of installed offshore wind capacity by 2030 and 40GW by 2040. The Netherlands plans to increase its offshore wind capacity to 11.5GW by 2030 and an additional increase of 20-40GW by 2050, Dutch transmission system operator Tennet said.

Offshore wind technologies

Hybrid offshore wind farms will play an important role in the planned increase in renewable capacity. Up to 7GW of these projects are already in the pipeline. They save money and space and improve energy flows between countries, European wind lobby group Windeurope said.

Floating offshore wind capacity is expected to grow. Europe has two small floating wind farms today but will have 300MW by 2022 and aims to have 7GW by 2030, Windeurope added.


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24/05/23

US poised to back New Jersey offshore wind farms

US poised to back New Jersey offshore wind farms

Houston, 23 May (Argus) — US regulators could soon approve two offshore wind projects near New Jersey, but with stipulations that would slightly reduce the number of turbines installed in the Atlantic Ocean. The US Bureau of Ocean Energy Management (BOEM) favors a design for the Atlantic Shores South system that would result in up to 195 turbines, as many as 10 offshore substations and eight transmission cables to ferry electricity ashore to New Jersey, the agency said today in its final environmental impact statement for the project. Atlantic Shores South comprises two separate projects, Atlantic Shores 1 and Atlantic Shores 2, which are 50:50 partnerships between Shell and EDF Renewables. The pair's overall capacity is tentatively set at 2,837MW, with the first phase targeting 1,510MW and a size for the second to be determined. Atlantic Shores 1 has a contract to deliver up to 6.18mn offshore renewable energy certificates each year to New Jersey, with first power expected in 2027. The state selected the project through its second offshore wind solicitation, with the 20-year contract scheduled to begin in 2028. The developers had proposed installing up to 200 turbines, but BOEM decided to favor a modified plan, adopting alternatives put forward by the companies in the name of mitigating impacts on local habitats while limiting turbine height and their proximity to the shore to reduce the project's "visual impacts," a point of contention among New Jersey residents who fear damage to tourism in oceanside communities. The BOEM-endorsed design would have mostly "minor" to "moderate" effects on the surrounding environment, with exceptions including consequences for North Atlantic right whales, commercial and for-hire fisheries and local scenery, which could be "major." The areas potentially hit hardest by the projects would be open to "major" consequences regardless of the project design, according to BOEM's analysis. The preference is not BOEM's final ruling, but it does herald the path the agency is likely to take. Regulators will publish the review in a "coming" edition of the Federal Register, starting a mandatory 30-day waiting period before BOEM can publish its final decision on the project. By Patrick Zemanek Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Australia’s Origin to keep Eraring coal plant on line


24/05/23
24/05/23

Australia’s Origin to keep Eraring coal plant on line

Perth, 23 May (Argus) — Australian utility firm Origin Energy and the New South Wales (NSW) state's Labor government have agreed to keep the nation's largest single power facility open for at least two more years. The deal involves Origin shelving plans to close the 2,880MW Eraring coal-fired power plant near the NSW city of Newcastle next year, and operating the generator until 19 August 2027 and potentially until April 2029. A generator engagement project agreement has been signed, under which Origin will receive compensation covering the cost of running the 40-year old plant, while aiming for the plant to generate at least 6TWh for the two additional fiscal years it will run. Eraring produced 12.15TWh last year, Origin's 2023 annual report showed. The firm must decide by 31 March in 2025 and 2026 whether it will enter the underwriting arrangement for the following financial year. If Origin profits from its Eraring plant during these years it will pay NSW 20pc of the proceeds, capped at A$40mn/yr ($26.5mn/yr), but no compensation will be paid after 30 June 2027. Origin can claim no more than 80pc of Eraring's financial losses each year from NSW and the compensation is to be capped at A$225mn each year, if it does opt in. Origin spent A$147mn for generation maintenance and sustaining capital on Eraring in 2023, with A$69mn owing to costs associated with the facility's ash dam. Eraring provides around 20pc of NSW's delivered electricity and was scheduled to be replaced by the 2,200MW pumped hydro scheme known as Snowy 2.0 — which has experienced significant delays and will not be on line until 2029 — and the 750MW Kurri Kurri gas-fired power station also being developed by federal government-owned Snowy Hydro, which is to be commissioned later this year. Coal-fired power generation The viability of coal-fired generators has been declining for some time as Australia's renewable power generation grows to nearly 40pc of the total grid capacity. Widespread rooftop solar is driving electricity prices into negative territory during daylight hours and disrupting the profitability of large-scale generators. Origin has committed to a 460MW battery energy storage system (BESS) at the site of Eraring, which it says will provide two hours of firming capacity to the national electricity market. Australia's Clean Energy Council said the announcement must be backed by measures to integrate new renewable generation and storage into the NSW grid with "clear signals and support" to rapidly transition to renewables. Planning issues and rising costs have stymied the federal and state governments' plans to increase Australia's dependence on large-scale wind, solar, pumped hydro and BESS projects to replace coal generators. Canberra is aiming for an 82pc renewables share for Australia's electricity production by 2030. Coal-fired generation increased on the year for January-March because of a warmer-than-average summer and increased availability. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

UK general election set for 4 July


24/05/22
24/05/22

UK general election set for 4 July

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Japan’s FEPC calls for clearer nuclear policy stance


24/05/20
24/05/20

Japan’s FEPC calls for clearer nuclear policy stance

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Japan’s Jera to handle 35mn t/yr LNG until FY2035-36


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