Pakistan is facing a serious energy crisis, with rising electricity costs, mounting circular debt, and dwindling foreign exchange reserves. The country is still relying on expensive and polluting fossil fuels to meet its power demand, while ignoring the potential of renewable energy sources, especially wind power. Wind mills are a clean, green, and affordable way…
All posts tagged wind energy
Neoen and Prokon sign 30MW wind energy PPA with Equinix in Finland
PARIS, FRANCE: Neoen, one of the world’s leading producers of exclusively renewable energy, announced the signing at the end of December 2021 of a new power purchase agreement (PPA) for at least 30 MW of green energy in Finland. The PPA was awarded as a result of the competitive tender run by Equinix, a world…
Amazon signs deals to buy total of 366MW wind energy from Ørsted
LONDON, UK: Amazon and Ørsted announced two new corporate power purchase agreements totalling 116 MW of capacity across onshore and offshore wind. Specifically, Amazon will offtake the output of 100 MW from Ørsted’s 900 MW Borkum Riffgrund 3 Offshore Wind Farm in Germany. This CPPA is in addition to the 250 MW CPPA signed in December…
Meridian to begin constructing $395 million wind farm in Hawke’s Bay
AUCKLAND: Meridian Energy will soon begin construction of a new $395 million wind farm in Hawke’s Bay, a news release said. The Harapaki Wind Farm will be New Zealand’s second-largest wind farm with 41 turbines generating 176 MW of renewable energy, enough to power over 70,000 average households. The construction will take around three years…
Asia set to become dominant market for wind energy
BEIJING: Asia could grow its share of installed capacity for onshore wind from 230 Gigawatt (GW) in 2018 to over 2600 GW by 2050, a new report by the International Renewable Energy Agency (IRENA) finds. By that time, the region would become a global leader in wind, accounting for more than 50 per cent of…