Isar Digital Ventures launches Renewables.Digital portal
Munich-based company builder Isar Digital Ventures has launched the renewable energy platform Renewables.Digital.
It aims to serve as a leading directory for renewable energy investors, developers, startups and projects as well as service and technology companies, thereby creating transparency in global renewable energy markets.
By creating a transparent and open-access renewable energy platform, the portal - which so far has 200 investors and developers listed - intends to advance business and investment in the green energy industry, while startups, investors and developers can introduce themselves to interested readers and possible candidates and to boost their business.
Tamina Schneider, head of business development, said: "We are more than happy to make our contribution to fighting climate change by connecting capital, business and talent with the most exciting firms from the industry through Renewables.Digital."
In the coming weeks, renewable energy startups will be invited to be listed. The initial focus of the portal are European investors and companies, but the long-term goal is a global coverage. Investors, developers and startups from all over the world are invited to add their entry to renewable.digital's open-access database.
In the last day alone, four leading energy business leaders and early-stage investors announced the formation of NuQuest Energy, a utility-scale renewable energy development company pursuing projects in the United States (click here).
Renewable.digital's experienced research team will screen deals and funding rounds in the renewable energy industry on a weekly basis.
Renewables are not immune to the Covid-19 crisis, but are more resilient than other fuels. The IEA’s Global Energy Review 2020 projected renewables to be the only energy source to grow compared with 2019, in contrast to all fossil fuels and nuclear.
Globally, overall demand for renewables is expected to increase due to their use in the electricity sector. Even with end-use electricity demand falling significantly because of lockdown measures, low operating costs and priority access to the grid in many markets allow renewables to operate at near full capacity, enabling renewable generation to grow, the report states.
W3 Energy signs technical operations contract with Luxcara
The wind farm, located outside of Piteå in northern Sweden, plans to have 137 wind turbines on full installation, with an expected capacity of more than 750 MW.
W3 Energy will be responsible for onsite technical operations management and local accounting services as well as operation and maintenance of the electrical infrastructure and transformer stations.
"This contract strengthens our position as a key player in onsite technical operations management. The Önusberget wind farm is the largest single-site wind power project in Europe and we are proud that Luxcara gives us the trust to support with the operational management of their investment", says W3 Energy's COO André Sjöström.
"The contract with Luxcara is extremely important to us and means that we take a firm grip on our home region. This contract allows us to continue to grow and we plan to continue to recruit in Piteå, Umeå, and Skellefteå."
The new contract with Luxcara means that W3 Energy manages approximately 15% of the renewable energy produced in Sweden and lays the foundation for continuing to build growth in other regions.
"Luxcara is an internationally respected asset manager in renewable energy, with high-quality investment criteria and a strong focus on diversity and sustainability. We share their view on sustainability, with a strong focus on environmental as well as social and ethical aspects", stated W3 Energy's CEO Pär Dunder.
Its past engagement with W3 combined with their track record from other large projects and their local experience were decisive factors for choosing W3 Energy, according to Philip Sander, Managing Director of Luxcara.
Global Wind Day will be held tomorrow (June 15), to promote wind's potential to reshape our energy systems, decarbonise economies and boost jobs and economic growth.
Onshore wind is now the cheapest form of new power generation in most of Europe, and offshore wind is not far behind with costs having fallen over 60% in three years, according to WindEurope.
Adrian Timbus, ETIPWind Chairman, said: “Wind energy can help electrify 75% of Europe’s energy demand and thereby deliver climate neutrality by 2050. But we must prioritise the development of the necessary technologies: next generation onshore and offshore turbines, electrification solutions for transport and for industry, and electrolysers for renewable hydrogen.”
Poland leads Europe's wind growth
Poland saw Europe's biggest increase in wind turbine energy production between 2000 and 2018, according to a Save on Energy study, and produced the fourteenth highest percentage of electricity by wind power overall in 2018.
Czechia has seen second highest percentage increase in electricity production generated by wind power. Despite having the second lowest proportion of electricity generated by wind power in 2018, the country previously produced the lowest percentage overall in 2000, so it has still seen a significant increase in wind turbine energy production over the years.
France has the third largest increase in wind turbine energy production throughout the period studied, with electricity production generated by wind power increasing from 0.009% in 2000, to 4.9% in 2018, while neighbouring Belgium experienced the fourth highest increase in wind energy production, with almost 10% of electricity produced being generated by wind power in 2018, compared to 0.02% in 2000.
Although Ukraine boasted the lowest percentage of electricity produced by wind turbines in 2018 (0.7%), the country had the fifth largest percentage increase since 2000, since only 0.003% of electricity production was generated by wind turbines.
By comparison, Denmark, Luxembourg and Spain each ranked as having the lowest percentage increases when it came to the percentage of electricity production generated by wind turbines between 2000 and 2018, and they lag considerably behind other European nations.
The EU wants wind to account for 50% of the continent's electricity by 2050. The Romanian Wind Energy Association recently launched a Code of Good Practice for renewable energy.
Top 10 countries in Europe for wind growth