UK-South Korea Allies in Offshore Wind and Tidal Prospects

Posted on June 24th, 2012 by
   

UK-South Korea Allies in Offshore Wind and Tidal Prospects

The United Kingdom and South Korea have big plans for offshore wind developments in their respective countries. Thus, it is not a surprise that the two countries forged an alliance to help each other become a dominant presence in offshore wind development. The newest collaboration called U.K.-Korea Ocean Energy Technology Co-operation Project will focus on academic research and international collaboration.

The U.K. is the world leader in installed offshore capacity with 1,858 megawatts (MW) online and has more under construction. South Korea, meanwhile, has many offshore wind power under development, and has built the 254-MW Siwha Lake Tidal Power Station, the largest such facility in the world.

 

Brazil No. 1 in Clean Energy Among Latin American and Caribbean Nations

According to the Multilateral Investment Fund of the Inter- American Development Bank and Bloomberg New Energy Finance, Brazil topped an index of best clean energy opportunities among the Latin American and Caribbean countries. The scoring is based on 30 indicators that measure the ability of each country to attract capital using renewable energy. Scores were given 0 to 5, with 5 as the best. Brazil got a 2.6 score. Following Brazil are the countries of Nicaragua, Panama, Peru and Chile.

 

Soitec Solar Awarded $25 Million By U.S. DOE

Soitec Solar was given a SUNPATH award in the amount of $25 million by the U.S. Department of Energy (DOE). The money will be used to support its new North American solar manufacturing facility in San Diego, California.  SUNPATH stands for Scaling Up Nascent PV At Home, which aims to increase America’s manufacturing competitiveness in the global solar market.

 

First Portuguese Offshore Wind Turbine Inaugurated

Portugal’s first offshore wind turbine was inaugurated last June 16th, 2012. The turbine is installed on an innovative floating foundation called the WindFloat. Aside from being the first offshore wind turbine in Portugal, it is also the first offshore wind turbine to be installed in a controlled environment on land. The finished system was then brought offshore, 5 km off the coast of Agucadoura, Portugal. The turbine can produce enough electricity that can power about 1,300 households.

 

BrightSource To Buy Incomplete Solar Project of Solar Trust America

BrightSource Energy has initiated a bid of $10 million to purchase an incomplete solar energy project by the bankrupt Solar Trust of America. The project is a 500-megawatt solar power facility located near the Desert Center in Riverside Country. Solar Trust is selling all of its incomplete solar power facilities in California and Nevada.

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