Innagreen, the global renewable energy investment platform, and Cowessess First Nation announce today the opening of Bekevar Wind Farm. Located in Saskatchewan, Bekevar will supply 200MW of zero-emission power, providing the equivalent of 100,000 homes with clean, sustainable electricity each year. The project is jointly owned by Innagreen and Cowessess…
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The BNEF Summit provides the ideas, insights and connections to formulate successful strategies, capitalize on technological change and shape a cleaner, more competitive future.
Event date: 10 – 11 October 2023
Location: London, UK
RES speakers: Richard Russell, RES CFO
Event website: https://about.bnef.com/summit/london/
RES Speakers
Wednesday, 11 October 2023, 15:25
Is Wind Still a Profitable Industry?
Wind power is an essential technology for achieving net-zero emissions. But expected build is now far short of the targets in most countries in Europe and abroad. High interest rates and supply chain constraints are putting pressure on industry profitability, and several offshore developers are looking to renegotiate government offtake contracts amid rising costs. Still, ambition around wind continues to ratchet up and developers are keen to find solutions for the near-term bottlenecks. This panel reviews the specific challenges facing the wind industry and how it can return to growth.
Panel:
- Richard Russell, Chief Financial Officer, RES
- Stephane Dubos, Managing Director | Head of Power & Renewables, Energy Transition & Natural Resources Industry Group, Natixis
- Morten Dyrholm, Global Senior Vice President, Vestas Wind Systems
- Grzegorz Gorski, Chief Operating Officer, Ocean Winds
- Moderator: Luisa Amorim, Wind Analyst, BloombergNEF
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Wind energy is a vital part of our journey towards a zero-carbon future. As well as increasing the pace of deployment we also need to think smarter to use digital innovation across the worldwide operating wind fleet. Data trends from RES’ analysis show that often two thirds of turbines present…
Increasing annual energy yield with RES digital solutions
The challenge Typically, wind turbines operate to maximise their own energy production, without consideration of their interaction with other turbines across the whole wind farm. They also each have very good information about the wind flow at their location, but they don’t share this information across the wind farm to…