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.
With the growing importance of alternative energy sources, the demand for engineers skilled in renewable energy is surging. The Renewable Energy Master Class empowers you with the knowledge and skills necessary to excel in this field.
This comprehensive online course bundle, now available for $40, features 12 courses taught by experienced engineers and electricians. From understanding the fundamentals of renewable energy generation to designing and implementing solar and wind power systems, this master class provides a thorough foundation in renewable energy engineering.
Whether you’re a seasoned engineer looking to expand your expertise or a newcomer to the field, this master class has something to offer. Its step-by-step approach and hands-on exercises ensure that you gain practical knowledge and industry-relevant skills.
