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The International Renewable Energy Agency (IRENA), an intergovernmental organisation, has outlined the investment needs of $35 trillion by 2030 as the price for the green shift while pointing out that investments in renewables and technology and infrastructure required for the net-zero shift need to more than quadruple on an annual basis, so that, the energy transition... Continue Reading →
The head of the Macquarie Group company that aims to be one of the biggest offshore wind players in the world says that Victoria could easily beats its ambitious offshore wind targets, and has flagged massive turbines of up to 20MW will be installed in coastal waters. Jonathon Cole is the CEO of Corio Generation,... Continue Reading →
(WO) — Salamander, a joint venture between Ørsted, Simply Blue Group and Subsea7, has been offered an exclusivity agreement as part of Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round. The 100 MW Salamander floating offshore wind project, located 35km off Peterhead, is designed to provide Scotland and its supply chain... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it was recognized as one of the leading companies in supplier engagement by the international organization CDP, formerly known as the Carbon Disclosure Project, a reference in sustainability. The A- rating, referring to the 2022 cycle, was achieved in the Supplier Engagement Rating (SER) aspect, a global index... Continue Reading →
While the global energy crisis marked 2022, efforts to propel the energy transition forward in a bid to usher in a sustainable energy future continued gaining momentum. As a result, last year was also a bumper year for carbon capture, utilization, and storage (CCUS), according to the International Energy Agency (IEA), as more than 140 new... Continue Reading →
(Reuters) - Tokyo Electric Power Company Holdings (TEPCO) (9501.T) said on Monday that it had won the rights to develop up to 1.9 gigawatts (GW) of floating offshore wind capacity across two projects in Scotland together with Norway-based company Vargronn. Many once-conventional energy and power companies around the globe are switching their attention to renewable energy, such... Continue Reading →
(Reuters) - A record 680 gigawatts (GW) of wind energy capacity is expected to be installed by 2027 but policymakers need to ensure supply chain bottlenecks do not slow growth to avoid missing climate targets, according to an industry report released on Monday. The Global Wind Energy Council (GWEC) report said policies have set the... Continue Reading →
The French government has selected Energies du Méridien, a new offshore wind consortium comprising Corio Generation and Qair, to take part in upcoming offshore wind project tenders totaling about 2.5 GW. French Directorate General for Energy and Climate has shortlisted the consortium for two fixed-bottom offshore wind tenders that were launched in parallel in December... Continue Reading →
The government of Canada has, together with the government of Nova Scotia and the government of Newfoundland and Labrador, launched the start of the regional assessments of offshore wind development in the two provinces. The recently released Agreement and Terms of Reference outline how the assessments will be conducted, and sets out their goals, objectives,... Continue Reading →
Boosting German power transmission lines to accommodate a shift to zero-carbon generation industry will require 14,197 km (8821.61 miles) of new networks costing billions of euros, the country's high voltage grid firms (TSOs) said on Friday. A rolling development plan presented for public consultation by the four companies calls for additional investments of 128.3 billion... Continue Reading →
