Norway’s first offshore wind auction granted extension

Plus, how will APAC countries meet their climate goals?

Forward this email  |  View in browser PowerTechnology In Brief March 20, 2024 SPOTLIGHT READ Norway's first offshore wind auction extended Bids put to bed analysts' fears of soaring wind power costs rendering the auction a failure. Got a minute to spare? Take part in our research by answering our poll: Answer our poll question LATEST NEWS APAC countries to refocus on nuclear power and adopt rooftop PV to meet climate goals The global energy market has witnessed increased energy prices in recent years and several governments have been lagging their climate targets in the APAC region.   Aspiravi acquires 30% stake in Northwind wind farm from Parkwind The deal raises Aspiravi's stake in the project to 70%, with Sumitomo owning the remaining 30% interest.   Korkia and Econous Green Energy to develop 600MW of solar in Romania The initial projects under the partnership are set to receive licensing and be construction-ready by 2025.     Terna to invest €16.5bn to strengthen electricity network in Italy In 2024, the company plans to invest around €2.6bn ($2.82bn).   Masdar to acquire 50% stake in US-based Terra-Gen from ECP Terra-Gen's portfolio includes 2.4GW of wind and solar power generation and 5.1 gigawatt-hours (GWh) of energy storage.   EDPR NA, Volt Energy to develop 110MW solar plant in Illinois, US Microsoft has agreed to purchase electricity and renewable energy credits from the project for 15 years.   EIB approves €700m loan to Iberdrola for grid expansion The estimated total investment in the network expansion project is €1.44bn ($1.56bn), of which €740m will be provided by Iberdrola. Read more news INDEPTH READ Power Predictions in 2024   GlobalData's latest report identifies the top themes that will define the power industry growth in 2024. Geopolitics is the major macroeconomic theme that is likely to influence the industry in 2024. Furthermore, EVs, energy storage, energy transition, hydrogen, nuclear, renewable energy, smart grid, carbon emissions, and distributed generation are the key industry themes shaping the power market in 2024. Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo PARTNER CONTENT World-first connectivity: Key announcements from MWC24 The tech sector gathered en masse last month to discuss the industry's latest practices and innovations at MWC24 in Barcelona. Event sponsor Huawei used the summit to launch a number of pioneering connectivity solutions.  Future Power Technology Digital Magazine   Issue 160 | February 2024   In this issue: Public transport electrification, the greenwashing trap, EV supply chains and the Red Sea crisis and more. Read the magazine Click below to view more from across the network: Power Technology   |   Offshore Technology   |   Energy Monitor   Was this email forwarded to you? Sign up here.   Please send any news or comments to: energy.editorial@verdict.co.uk   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences