Enel plans $83.4B renewable energy spending spree | Vestas launches venture capital fund for advanced energy startups | Orsted planning Asia-Pacific offshore wind behemoth
November 25, 2020
Wind Energy SmartBrief
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Enel plans $83.4B renewable energy spending spree
Enel CEO Francesco Starace (Filippo Monteforte/Getty Images)
Enel is embarking on a roughly $190 billion strategy to divest from carbon and become a green "super major," with about $83.4 billion of that total slated for renewable energy investments. The utility hopes to control a 120-gigawatt renewable energy portfolio by 2030. Enel CEO Francesco Starace said the US and European markets are currently attractive for green energy investments, while Asia and India would factor in the company's long-term growth.
Full Story: Reuters (11/24) 
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Vestas Ventures will back alternative energy startups focused on wind technologies, advanced materials, renewables-to-fuel solutions and grid storage. "We just want to see the best companies and the best ideas come to the surface and then take it from there," says executive Bo Svoldgaard.
Full Story: Greentech Media (11/25) 
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Orsted is planning an up-to-1.6-gigawatt wind farm off the coast of South Korea, which would be the largest in the Asia-Pacific region. The project will be a boon for Korean manufacturing companies that receive orders for cables and other components.
Full Story: Reuters (11/24),  Pulse by Maeil Business Newspaper (South Korea) (11/24) 
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Port cities wondering what offshore wind can do for them should look to Grimsby, a UK town that once enjoyed a roaring fishing industry but has since fallen on harder economic times. The arrival of renewable energy projects is bringing new opportunities to Grimsby. "Wind power has brought change and enthusiasm to a place that has been in historical decline and lost faith in itself," says Katharine York of ORE Catapult.
Full Story: Financial Times (subscription required) (11/24) 
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This report from California Independent System Operator Corporation's Department of Market Monitoring delves into the system conditions and performance of CAISO's day-ahead and real-time markets during August and September of this year, a period when the state experienced outages. The report doesn't identify a single cause for the outages, but instead points to a confluence of seven factors. Read the full report.

RESB Murmurs: There is a lot to unpack in this report (and the Preliminary Root Cause Analysis CAISO released last month), but the lessons learned are crucial for avoiding future outages. - Sean
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Project Focus
EnBW has begun producing power at a 187-megawatt solar project in Werneuchen, Germany. The company expects to finish the unsubsidized project, which will feature 465,000 solar modules, by the end of the year.
Full Story: PV Magazine (Germany) (11/25) 
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SSE and Equinor have arranged 15-year power purchase agreements for 2.4 gigawatts worth of capacity from the first two phases of the Dogger Bank project in the UK. The deals are with Orsted, Shell Energy Europe, Danske Commodities and an SSE unit.
Full Story: Reuters (11/24) 
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Policy Watch
Wyoming state Rep. Timothy Hallinan is preparing to introduce a draft bill that would increase the state's wind production tax. Critics say a higher tax could deter new wind investments.
Full Story: Star-Tribune (Casper, Wyo.) (tiered subscription model) (11/24) 
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Tech Frontier
Researchers in Pakistan have developed a new online algorithm to gauge the performance of open-circuit photo-voltaic systems without impeding power production. The method can be used to forecast voltage, current and temperature and could replace the commonly used two temperature sensor method.
Full Story: PV Magazine (Germany) (11/25) 
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Operations & Maintenance
Solarever has launched the first of three photo-voltaic module manufacturing lines at a new factory in Mexico. "We chose Tecoman to settle in the western part of the republic because a large part of the production will be exported to the United States, so it was a priority to be close to a port that will facilitate the process," said President Simon Zhao.
Full Story: PV Magazine (Germany) (11/25) 
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Economy, Energy & Trends
RESB Playlist
There is now a RESB playlist on Spotify to keep track of all the songs listed in this space. Gobble! Gobble!
Full Story: YouTube (11/25) 
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The RESB Team
We want to hear from YOU!
We hope you have a safe and happy Thanksgiving.

If you like RESB, hate RESB or want to submit a story, shoot us an email. Yes, we actually read them.

Sean McMahon - sean.mcmahon@futurenet.com
Karen Kantor - karen.kantor@futurenet.com
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Editor's Note
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Be thankful for what you have; you'll end up having more. If you concentrate on what you don't have, you will never, ever have enough.
Oprah Winfrey,
talk show host, media executive, actor, philanthropist
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