Edinburgh Airport is pioneering sustainable energy by installing innovative wind panels, developed by Katrick Technologies and Bosch, directly on its airfield. This project, part of the airport’s Greater Good sustainability strategy, complements its existing solar farm and sets a new standard for green aviation. The compact wind panels, designed for restricted spaces, are expected to significantly reduce the airport’s carbon footprint.
Facing rising fuel costs and environmental concerns, the shipping industry is witnessing a resurgence of wind-powered cargo ships. Innovative designs and advanced technology are making sail-powered transport not only viable but also increasingly competitive, significantly reducing carbon emissions and offering a sustainable solution for global trade.
Latvia has taken a significant step towards energy independence with the grand opening of the Tārgale Wind Park’s energy storage facility, the first of its kind in the country. This project, spearheaded by Utilitas Wind, utilizes advanced storage technology from Hoymiles to enhance grid stability and promote renewable energy adoption.
Rivian Automotive, Inc. (RIVN) shares are on the rise after the electric vehicle maker signed a long-term power purchase agreement (PPA) with RWE, securing renewable energy from a wind farm in West Texas. The deal underscores Rivian’s commitment to sustainable operations and a carbon-free future.
ZF Wind Power, a leading gearbox supplier, has announced the production of 50 GW of gearbox capacity at its Coimbatore facility, solidifying its commitment to India’s renewable energy goals. The company’s investment in expanding production capacity highlights its strategic role in shaping India’s wind energy landscape and its ambition to support the nation’s target of doubling wind power capacity by 2030.
Tamil Nadu achieved record-breaking solar power generation and absorption on Friday, reaching 5,979 MW and 41.40 million units respectively. This milestone was attributed to clear skies, while wind power generation was significantly reduced due to rainfall.
The global renewable energy market is experiencing rapid growth, driven by government initiatives and increasing demand for clean energy sources. The adoption of electric vehicles and the rise of solar and wind power are key factors in this shift away from fossil fuels. This trend is expected to continue, with the market projected to reach a substantial value by 2030.
The global thermal energy storage market is expected to grow from 2024-2028, with a CAGR of almost 9.61%. This growth is due to the increasing demand for renewable electricity capacity, investments in renewables, and the need to meet Paris Climate targets. Thermal energy storage systems play a crucial role in the renewable energy sector, particularly in addressing the intermittency challenges of solar and wind power. These systems enable the conversion of excess renewable energy into heat, which can be later used for power generation during peak demand or supply chain disruptions.
TransAlta has canceled its Riplinger wind power project near Cardston, Alberta, citing new provincial government rules that restrict development near protected areas and pristine viewscapes. The company has also placed three other renewable energy projects on hold pending a redesign of the province’s electricity market. This is the second setback this week for low-carbon energy generation in Alberta, following Capital Power’s cancellation of a $2.4 billion carbon capture and storage project.
Vestas Wind Systems, a leading player in the wind turbine manufacturing industry, has experienced significant improvement in its operating margins and profitability in fiscal 2023. This surge is primarily attributed to the rising demand for wind power plants, leading to higher prices and increased revenue. The company’s positive performance is expected to continue in fiscal 2024, driven by record-high order intake and a strong backlog. However, Vestas faces several risks, including macroeconomic challenges such as high interest rates and intensifying competition from Chinese companies.
