first_imgAsia tops Europe as leading region for offshore wind investment in 2019 FacebookTwitterLinkedInEmailPrint分享Recharge:Total investment in offshore wind power projects in Asia Pacific (APAC) came in at almost double that of Europe in 2019, as the fast-moving emerging market eclipsed the sector’s historic heartland for the first time, according to new research from the Renewables Consulting Group (RCG).Led by Taiwan, Japan, and Vietnam, the capital spend in APAC surpassed $10bn, while in Europe just over $5.5bn was invested – a differential largely explained by the “maturity of the [latter] market and intense competition” which have driven down the levelised cost of energy per megawatt by over 50% in recent years, said the UK analysts.Overall, by RCG’s calculus in its Global Offshore Wind: Annual Market Report, Europe saw just under 1.4GW of offshore wind plant reach financial close last year, while for APAC this was nearly 2GW.“Taipei’s offshore wind development plan, supported by a feed-in tariff, is starting to bear fruit [in Taiwan] with five projects reaching financial close in 2019, totaling almost 2GW in cumulative capacity,” said RCG director Lee Clarke, noting that the financial investment decision (FID) reached on the Changfang and Xidao projects in the first quarter of 2020 suggested the “mechanisms and procedures that can be adopted in emerging markets in order to attract investment and lower project costs.”Clarke also spotlighted break-out FIDs for the Vietnamese and Japanese markets, via Tra Vinh 1 and Akita projects, respectively reached the same milestone. Though 2019 was a “particularly strong year” for the APAC region in locking up project investment, other markets “continue to advance,” emphasized Clarke, pointing to RCG’s forecast that 8-13.5GW of cumulative capacity will reach FID in the next four years worldwide.“Europe and the Americas laid the foundations for similar project progress from 2020-2023, with significant lease auctions, power purchase solicitations and legislative changes taking place in the past year. In the UK, France, the Netherlands, and the US, large-scale offshore wind solicitations have positioned more projects closer to financial close than in any previous year in the history of the offshore wind market,” said Clarke.[Darius Snieckus]More: Asia offshore wind power capital spend eclipses Europe’s for first timelast_img read more

first_imgRelatedPosts Kidnappers free Enyimba midfielder, Abia Comets player NPFL: Olisema shines as Enyimba tame Adamawa United Enyimba crash out CAF Confederation Cup Martins Usule scored on his first Nigeria Professional Football League start for Enyimba Football Club since December to pave the way for a 3-0 win against Sunshine Stars at the Enyimba Stadium on Sunday Usule’s twelfth-minute opener – a glancing header from Olisema’s corner – was the fitting start Fatai Osho’s men deserved after delivering an electric start that called the Sunshine goalkeeper, Olorunleke Ojo, into three saves in the opening nine minutes. The rampaging young winger, Anayo Iwuala, Stanley Dimgba and Usule had openings to widen Enyimba’s lead before the break but fell short as the People’s Elephant pinned the visitors to their half almost for the entirety of the first period. Enyimba’s second arrived 13 minutes into the restart when Dimgba received Olisema’s through ball to dribble past Ojo and fire into the top corner. With barely 60 seconds left in added time, Dare Olatunji tapped home the rebound from substitute Jean-Marie Guera’s strike to add glamour to a magnificent display by the eight-times champions. Up next for Enyimba is a midweek trip to Gombe to face bottom-placed Adamawa United in a Week 25 fixture.All the results for Sunday: Kwara United 1-0 Wikki Tourists Kano Pillars 2-0 Jigawa Golden Stars Heartland FC 2-0 Lobi Stars FC IfeanyiUbah 2-1 Dakkada FC Rangers International 1-0 Rivers United Warri Wolves 2-0 MFM FC Abia Warriors 2-1 Adamawa United Enyimba International 3-0 Sunshine Stars Katsina United 1-1 Akwa United Plateau United 2-1 Nasarawa United. —Tags: Dare OlatunjiEnyimba FCfatai oshoMartins UsuleStanley DimgbaSunshine Starslast_img read more