• As one of the 14 projects that signed the memorandum of investment at Binh Thuan’s Investment Promotion Conference 2019, Enterprize Energy Group (EE) affirmed its commitment to bringing both positive economic and environment benefits to the province; potentially turning Vietnam into an international great power regarding offshore wind power.
  • China’s National Development and Reform Commission (the NDRC) issued a Circular on Policies of Improving the Electricity Price for On-Grid Wind Power (the Circular) at the end of May 2019. According to the Circular, the price of electricity from offshore wind power projects is cut to 0.8 yuan per kWh [US $0.12 per kWh] in 2019 and will further drop to 0.75 yuan [US $0.11] per kWh in 2020.
  • The Global Wind Energy Council (GWEC) launched the first edition of its Global Offshore Wind Report, which provides a comprehensive analysis of the prospects for the global offshore wind market, including forecast data, market-level analysis and review of efforts to lower costs.
  • The first half of 2019 saw a 14% decrease in global renewable energy investment compared to H1 2018, according to the latest report from BloombergNEF (BNEF).
  • An international consortium says offshore windfarms built across the North Sea in ‘hub and spoke’ fashion are feasible and could help countries in the region achieve climate goals