• 2 days Iraq Begins To Rebuild Largest Refinery
  • 2 days Canadian Producers Struggle To Find Transport Oil Cargo
  • 2 days Venezuela’s PDVSA Makes $539M Interest Payments On Bonds
  • 2 days China's CNPC Considers Taking Over South Pars Gas Field
  • 2 days BP To Invest $200 Million In Solar
  • 2 days Tesla Opens New Showroom In NYC
  • 3 days Petrobras CEO Hints At New Partner In Oil-Rich Campos Basin
  • 3 days Venezuela Sells Oil Refinery Stake To Cuba
  • 3 days Tesla Is “Headed For A Brick Wall”
  • 3 days Norwegian Pension Fund Set to Divest From Oil Sands and Coal Ventures
  • 3 days IEA: “2018 Might Not Be Quite So Happy For OPEC Producers”
  • 3 days Goldman Bullish On Oil Markets
  • 3 days OPEC Member Nigeria To Issue Africa’s First Sovereign Green Bond
  • 3 days Nigeria To Spend $1B Of Oil Money Fighting Boko Haram
  • 3 days Syria Aims To Begin Offshore Gas Exploration In 2019
  • 4 days Australian Watchdog Blocks BP Fuel Station Acquisition
  • 4 days Colombia Boosts Oil & Gas Investment
  • 4 days Environmentalists Rev Up Anti-Keystone XL Angst Amongst Landowners
  • 4 days Venezuelan Default Swap Bonds At 19.25 Cents On The Dollar
  • 4 days Aramco On The Hunt For IPO Global Coordinators
  • 4 days ADNOC Distribution Jumps 16% At Market Debut In UAE
  • 4 days India Feels the Pinch As Oil Prices Rise
  • 5 days Aramco Announces $40 Billion Investment Program
  • 5 days Top Insurer Axa To Exit Oil Sands
  • 5 days API Reports Huge Crude Draw
  • 5 days Venezuela “Can’t Even Write A Check For $21.5M Dollars.”
  • 5 days EIA Lowers 2018 Oil Demand Growth Estimates By 40,000 Bpd
  • 5 days Trump Set To Open Atlantic Coast To Oil, Gas Drilling
  • 5 days Norway’s Oil And Gas Investment To Drop For Fourth Consecutive Year
  • 6 days Saudis Plan To Hike Gasoline Prices By 80% In January
  • 6 days Exxon To Start Reporting On Climate Change Effect
  • 6 days US Geological Survey To Reevaluate Bakken Oil Reserves
  • 6 days Brazil Cuts Local Content Requirements to Attract Oil Investors
  • 6 days Forties Pipeline Could Remain Shuttered For Weeks
  • 6 days Desjardins Ends Energy Loan Moratorium
  • 6 days ADNOC Distribution IPO Valuation Could Be Lesson For Aramco
  • 6 days Russia May Turn To Cryptocurrencies For Oil Trade
  • 7 days Iraq-Iran Oil Swap Deal To Run For 1 Year
  • 9 days Venezuelan Crude Exports To U.S. Fall To 15-year Lows
  • 9 days Mexico Blames Brazil For Failing Auction

Breaking News:

Iraq Begins To Rebuild Largest Refinery

Alt Text

Overcoming Wind Energy’s Biggest Obstacle

New research suggests that smaller,…

Alt Text

Can Deep Water Wind Farms Power The World?

A recent study suggests that…

Precise Consultants

Precise Consultants

’Precise Consultants is a London based technical recruitment consultancy that supplies specialist personnel to the offshore oil and energy industry. The company was founded by…

More Info

Microsoft, Google Turn To Wind Energy

Wind

Most of us thought trawling online to grab bargains during Black Friday last week was hectic but the good folk over at Vattenfall can put us all to shame. Not content with signing an innovative deal to power one of the world’s biggest technology companies using wind power alone, it’s also gone and made the largest order for offshore wind turbines in 2017.

The deal with Microsoft will see in excess of €200 million being invested into Vattenfall’s Wieringermeer wind farm, to “repower and expand” the facility, which will home 100 turbines. Expected to be online by 2019, the farm which will be constructed on land 40 kms north of Amsterdam, will generate enough renewable energy to power 370,000 homes. Or Microsoft’s international data centre operations.

"Investing in local clean energy to power our local data center is a win-win for our business and the Netherlands," Brian Janous, Microsoft's general manager of energy, said in a statement. "Microsoft is committed to bringing new renewable energy sources online to power our data centers."

Of course, this isn’t the first-time tech companies have shown an interest in clean energy. In 2018 several giants pledged to hit a 100 percent renewable energy goal. Having already invested in wind and solar energy since 2010 when it made a deal to purchase all the electricity from a 114 MW wind farm in Iowa, Google wanted to be the first. It recently announced it was on track to get there by the end of 2017.  

Vattenfall is now also working with Siemens Gamesa, on a landmark project to deliver 113 turbines for installation at three Danish developments. Related: Oil Majors Are Leading The Recovery Race

The company was awarded the tender to develop two coastal farms at Vesterhav Nord and Vesterhav Syd, as well as the Kriegers Flak 650 MW farm only last year. 72 of the Siemens Gamesa turbines will go to Kriegers Flak, with the rest split between the other two. The tenders for Kriegers Flak and Vesterhav Syd and Nord were won in 2016 at a world record low price of 0.050 EUR/kWh and 0.061 EUR/kWh, respectively.

The Swedish state utility firm expects it will invest around €1.7 billion on the total project which is anticipated will be on stream before 2022. The total estimated power is estimated to be close to 1 GW, making this deal not only the biggest offshore turbine order this year but also the biggest investment in renewable energy in the company’s history.

This is all good news for the company which had pledged to increase power generation from wind to 7 GW by 2025. It currently sits at around 2.6 GW. But the company is determined to move away from nuclear and coal-fired power sources.  And as the industry learns how to deal with bigger turbine sizes, with fewer foundations and cables being required which will speed up installation time – overall costs will inevitably come down too.

The head of Vattenfall Wind, Gunnar Groebler said: “This deal is further proof of Vattenfall’s firm commitment towards a fossil fuel-free future… A combined purchase gives us a lower price, which means that the construction costs for offshore wind power can be further reduced. We are pleased that we successfully procured ultramodern turbine technology for three of our largest offshore wind power projects. The use of 8MW state-of-the-art turbines, which are geared to site-specific requirements, once again shows how quickly and flexibly offshore technology is evolving.”

By Precise Consultants

More Top Reads from Oilprice.com:




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News