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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    India To Pass Tough Measure To Cut Electricity Debt By $75bn

    Distributed Energy Sector Is Poised For Significant Growth

    MoU Advances Clean Energy Transition For EU And Argentina

    MoU Advances Clean Energy Transition For EU And Argentina

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    Smart Energy System Integration For Sustainable City Futures

    Residential Fuel Cells: Paving The Way To A Greener Future

    Residential Fuel Cells: Paving The Way To A Greener Future

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    Fuel Cells: A Growing Market Driven By Government Policies

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    Advancements In Germany – EU Talks On Hydrogen Plant Subsidies

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    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    EVENT: IEC Standardization leaders convene in Amsterdam to review utility interworking of IEC 61850 for Substations, IEC CIM for Control Centers, and IEC 62443 for OT Cybersecurity

    CWIEME Berlin attracted thousands of visitors to Messe Berlin

    CWIEME Berlin off to a stellar start

    Introducing the CWIEME Advisory Board for 2023

    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    Toyota granted Zero Emission CARB Executive Order for heavy-duty fuel cell electric powertrain kit

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

    SFC Energy AG Strengthens North American Business and Opens Competence Center for Hydrogen Fuel Cells in Canada

    TECO 2030 Starts Manual Production of Fuel Cell Stacks

    TECO 2030 Starts Manual Production of Fuel Cell Stacks

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South American Onshore Wind Set For Remarkable Rise By 2032

in News, Renewable Power, Wind Energy
Statkraft seeks planning nod for 49.9-MW Scottish wind farm

Over the upcoming decade in South America, the expansion of the free market will play a pivotal role in propelling the growth of onshore wind energy. A recent insight revealed that the cumulative capacity of onshore wind projects will witness a substantial surge, with a projected addition of 41.2 gigawatts (GW) by 2032.

This surge in activity is expected to elevate the cumulative capacity to 75 GW by 2032. This stands in stark contrast to the nearly 34 GW capacity recorded at the close of 2022. The vanguard of this progress is anticipated to be Brazil, accounting for 23 GW and a notable 56% of the overall growth, closely trailed by Chile.

A noteworthy shift in the growth dynamics of the region has been noted. While growth had historically been driven by regulated processes via auctions, a fresh wave of free market initiatives is poised to reshape the landscape. Particularly, significant players in the commercial and industrial sectors are foreseen to transition from auctions to the unregulated free market to secure favorable power purchase agreements. This transition is projected to be a major impetus for the ongoing expansion across South American nations, prominently including Argentina, Brazil, Chile, and Peru. However, less mature markets like Colombia and Ecuador are likely to remain dependent on the regulated market for their growth.

Furthermore, the prospects of green hydrogen are positioned as a catalyst for long-term progress. Specifically, Brazil and Chile are anticipated to contribute 1.5 GW of capacity by 2032 to facilitate green hydrogen activities. Although there have been announcements of several multi-gigawatt projects, these ventures are currently in early developmental stages and are slated for significant scaling only after 2030.

Despite these optimistic projections, challenges persist within the onshore wind market. Grid limitations in wind-rich locales, exemplified by Colombia’s La Guajira, coupled with the escalating competition from solar energy, are projected to constrain the potential for capacity expansion. While wind energy has historically enjoyed advantages, the growing distribution and decreasing costs of solar energy are poised to chip away at these advantages over time.

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