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(Reuters) - Considerable private investment is required to scale up the low-carbon hydrogen economy in the United States by 2030, a report by consultancy Wood Mackenzie said on Tuesday, adding that the $7 billion allotted by the U.S. Department of Energy (DoE) to regional hubs was a significant step. Last week, the Biden administration announced... Continue Reading →
(OE) TotalEnergies and its partner SSE Renewables said Tuesday that their Seagreen offshore wind farm, Scotland's largest and the world’s deepest fixed-bottom wind farm, is now fully operational and running at its design capacity of 1,075 MW. Seagreen is a joint venture between TotalEnergies (51%) and SSE Renewables (49%). It is located in the North... Continue Reading →
(OE) German energy firm RWE has launched its first global “Floating Wind Co-use Competition”, as it is looking for solutions to promote the co-existence of floating wind farms with other sea users and biodiversity enhancement. Sven Utermöhlen, CEO RWE Offshore Wind: “We are one of the world leaders in offshore wind and are diligently working on... Continue Reading →
(YP) Petrobras is looking to strengthen its partnership with Norwegian companies on energy transition. The move comes as Brazil seeks to reduce its greenhouse gas emissions and achieve net-zero emissions by 2050. In a recent announcement during the event "The Role of Norway and Brazil in the Energy Transition" organized by the Brazil-Norway Chamber of... Continue Reading →
(OET) As the energy transition spreads its wing, new low-carbon and green sources of supply are springing up, however, Wood Mackenzie, an energy intelligence group, believes that these emerging sectors will not be able to usher in a net-zero by 2050 era without carbon capture, utilization and storage (CCUS). As a result, the company emphasizes the... Continue Reading →
(Reuters) - President Joe Biden will announce in Philadelphia on Friday the recipients of $7 billion in federal grants for the development of regional hydrogen hubs, advancing a key part of his administration's broader plan to decarbonize the U.S. economy. Seven proposed hubs spanning 16 states from Pennsylvania to California were selected in the program,... Continue Reading →
(Reuters) New York regulators on Thursday denied requests by developers of offshore wind projects and dozens of land-based renewable projects seeking billions of dollars in additional funding for existing contracts to sell power. The state denial could force developers to cancel some money-losing contracts and cancel or delay projects to sell power in New York... Continue Reading →
(OW) Japan’s Marubeni has signed a memorandum of understanding (MoU) with the Department for Business and Trade of the UK Government on comprehensive cooperation in clean energy projects, including offshore wind and green hydrogen businesses in the UK. According to Marubeni, the MoU affirms the partnership between the UK Government and the company, indicating the... Continue Reading →
(OET) U.S.-headquartered energy giant ExxonMobil is in the process of expanding its footprint in the U.S. even further, thanks to a definitive agreement to acquire Pioneer Natural Resources in an all-stock transaction, which has an implied total enterprise value, including net debt, of approximately $64.5 billion. The oil major believes that this deal will strengthen the... Continue Reading →
(Reuters) - Brazil generated nearly 93% of its electricity from clean sources during the first nine months of 2023, up more than 2 percentage points from the same period in 2022 and the largest clean-power share among major economies. France has historically boasted the cleanest power sector among top economies, but has lost ground to... Continue Reading →
Brazil Energy Insight 