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(OW) Offshore wind developer, Deep Wind Offshore, has secured Octopus Energy as a new investor to accelerate international expansion and strengthen Norwegian projects, according to the company. Octopus Energy will join the ownership side of the company, Deep Wind Offshore said, together with the existing industrial owners Knutsen OAS, Haugaland Kraft, and SKL. Deep Wind... Continue Reading →
(OW) Hitachi Energy and the Danish renewable energy developer, Ørsted, have extended their long-standing collaboration for offshore wind farms for three more years. Under the extended framework agreement, Hitachi Energy will continue to support Ørsted’s global offshore wind farms. At a visit to Hitachi Energy’s factory in Ludvika in Sweden, Ørsted’s country head of Sweden,... Continue Reading →
(OW) Goldwind’s GWH252-16MW wind turbine, installed at the Zhangpu Liuao offshore wind farm owned and developed by China Three Gorges, has produced 384.1 megawatt-hours in a 24-hour period, setting a new world record for an individual wind turbine in the given period. The record was achieved on 1 September while the wind farm offshore the... Continue Reading →
Philip Lewis, Contributor (OE) Global floating wind capacity will have grown from less than 200 MW at the end of 2022 to around 61 GW of grid connected capacity by 2035. This activity will require over $250 billion in capital expenditure. Over 75% of the forecast activity is expected to come from four countries. The global... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has acquired 175,000 carbon credits, marking its entry into the voluntary carbon credit market. Each credit represents 1 ton of CO2 equivalent avoided, totaling 175,000 tons of greenhouse gases (GHG) not emitted. These credits correspond to the preservation of an area of 570 hectares of the Amazon... Continue Reading →
(Reuters) - BP (BP.L) CEO Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year, despite investors penalizing the group over its plan to break away from rivals in cutting oil and gas output. Taking office in February 2020 with a vow to reinvent the 114-year-old company,... Continue Reading →
Philip Lewis, Contributor (OE) Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia. Coming on top of last week’s somewhat disappointing events of the Gulf of Mexico lease... Continue Reading →
Samsung Heavy Industries has received basic certification for a floating CO2 storage unit (FCSU) from DNV. The FCSU, jointly developed by Samsung Heavy Industries and MISC, is 330 meters long and 64 meters wide, and has a high-pressure tank capacity that can store 100,000 cubic meters of liquefied CO2 at -50 degrees Celsius or less. The injection module mounted on the... Continue Reading →
(RE) Brazil has the potential to produce up to 1.8 billion tonnes of hydrogen a year at some of the lowest costs in the world, officials in Brasilia have said, with nearly 20% coming from projects supplied with power from offshore wind. For the time being, however, there are no offshore wind projects in development... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that a mission was carried out to China, during which Petrobras CEO Jean Paul Prates met with CEOs of Chinese companies and signed cooperation agreements in the energy sector, as specified below: MoU with China National Offshore Oil Corporation - CNOOC, in order to extend collaboration and explore the... Continue Reading →
Brazil Energy Insight 