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This week Allen highlights Pacifico Energy’s efforts in developing offshore wind power in Vietnam, including meetings with government officials to support the country’s clean energy goals. In Ireland, researchers introduce a potentially revolutionary cold spray technology for maintaining wind turbine blades. Lastly, Iberdrola seeks a partner for a 1 GW energy portfolio.
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Starting off the week, US-based Pacifico Energy is ramping up efforts to develop offshore wind power projects in Vietnam. The company’s CEO met with Vietnam’s party general secretary in Hanoi recently, and the party leader highlighted Vietnam’s goal to become a high income nation by 2045 with net zero emissions by 2050, emphasizing the need for stable clean energy sources.
Pacifico affirmed Vietnam’s immense potential for offshore wind power and pledge continued investment to support the country’s growth objectives. Now, Vietnam’s renewable energy sector is attracting strong international interest with the government recently reactivating nuclear energy plans in its south central province.
Over in Ireland, Irish researchers at Southeast Technical University in partnership with Technology University Dublin, have developed what may be a revolutionary maintenance solution for offshore wind turbine blades. The Clear Blade Project focuses on cold spray, leading edge erosion repair technology.
Environmental factors often cause rapid wear on turbine blades, as we all know, with defects appearing within one to three years of installation, requiring expensive repairs. The project proposes a novel, portable polymer cold spray technology for quote unquote infield repair, potentially extending blade lifespans and reducing maintenance costs.
Wind energy contribute 32% of Ireland’s electricity generation in 2024 with the government planning to develop 14 gigawatts of wind capacity by 2030.
And over in Spain, Iberdrola the Spanish Energy Giant is seeking a partner willing to buy a minority stake in a roughly one gigawatt renewables portfolio according to news source. Reuters sources familiar with the matter described the project as Romeo 2.0 referencing a previous deal where Norway’s Sovereign Wealth Fund took a 49% stake in a 1.3 gigawatt portfolio, valued at approximately 1.2 billion Euros.
The deal aligns with Iberdrola’s strategy of selling minority stakes in advanced projects to fund new investments. Iberdrola’s Finance chief recently stated they were working on two or three such assets rotation projects to complete this year. And that’s this week’s top.
News stories. Stay tuned for the Uptime Wind Energy Podcast tomorrow.
