Wind Energy

The Siemens consortium. which includes Turkey'.s Kalyon and Turkerler. submitted a bid of $3.48 cents per kilowatt-hour to beat a rival bid from Chinese firm Ming Yang.

In investments. €8.3bn on new asset financing was made in the first half of the year: €5.4bn in onshore and €2.9bn in offshore.

The world'.s first full-scale floating wind farm - with turbines taller than the Britain'.s Big Ben - is being built off the coast of Scotland.

The project is part of efforts to raise the low share of renewable sources in Iran'.s power industry that mostly uses fossil fuels to generate electricity.

Saudi Arabia plans to develop 30 solar and wind projects over the next 10 years.

Pakistan and China have signed $57-billion worth of energy and infrastructure projects under the CPEC framework.

Over the past two years. Vestas has bought German service provider Availon for €88 million ($98 million) and UpWind in the U.S. for $60 million.

Growth in offshore wind is something the majors cannot afford to ignore as they plan for 2035 and beyond.

The projects will be commissioned in the 2018-22 timeframe with prices corresponding to about €115-135 MWh ($129-151 MWh).

The turbines for Statoil'.s Hywind floating wind park off Scotland will be installed this summer and will be fully operational by the end of the year.