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(Reuters) The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years, raising questions about how fast lenders are pushing energy clients to become greener, according to research published Tuesday. Since 2016 renewable energy has taken 7% of a total $2.5 trillion in bank loans and bond... Continue Reading →
(Reuters) The chief executive of Italy's Eni Claudio Descalzi is on course to secure Prime Minister Giorgia Meloni's backing for an unprecedented fourth term at the top energy group, sources told Reuters. Another three years in office would make Descalzi, who has held the job since 2014, the longest-serving company head at the state-controlled group... Continue Reading →
(Reuters) - Germany on Friday said it has drawn up new development plans for offshore wind turbine sites to reach a target for 30 gigawatts (GW) of installed wind power capacity by 2030. The plans by the Federal Maritime and Hydrographic Agency (BSH) will ensure that the target can be met, the Economy Ministry said... Continue Reading →
Bureau Veritas has been awarded the project certification of Arklow Bank Wind Park Phase 2, off the east coast of Ireland at Arklow, Co. Wicklow, following a competitive tender process. SSE Renewables, the owner of the project, will invest up to €2.5 billion to deliver the project, which is targeting operation in 2028. The company... Continue Reading →
EDP, a company that operates throughout the Brazilian electricity sector chain, launched in São Gonçalo do Amarante, Ceará, its green hydrogen production plant as part of the Pecém Research & Development project H2V, which had an investment of R$ 42 million. In December, the company had already generated the country's first green hydrogen molecule at... Continue Reading →
(OWB) Nucor has introduced Elcyon, the company’s new sustainable heavy gauge steel plate product made specifically to meet the growing demands of America’s offshore wind energy producers. Nucor will manufacture Elcyon at the firm’s new USD 1.7 billion Nucor Bradenburg steel mill in Kentucky, which produced its first steel plate at the end of December... Continue Reading →
(OET) Italy’s oilfield services provider Saipem has joined forces with MCS, an underwater technical and digital solutions company, to launch a new asset integrity management system for offshore energy operators, which the Italian giant sees as a further step towards the digital and sustainable transformation of the energy industry. Saipem disclosed this week that it has launched... Continue Reading →
(OED) The Crown Estate, responsible for the seabed around England, Wales and Northern Ireland, has signed agreements for lease for six offshore wind projects with companies involving TotalEnergies, BP, RWE, Corio Generagion, EnBW, Cobra IS, and Flotation Energy. These project could start generating electricity by the end of the decade and have the potential to... Continue Reading →
(Reuters) - Britain's Crown Estate will lease sites for six offshore wind projects capable of generating enough green electricity to power more than seven million homes by 2030 under agreements announced on Thursday. The UK is one of the world’s largest offshore wind markets, with more than 10 gigawatts (GW) of installed capacity across 38... Continue Reading →
(Reuters) - Brazilian chemical maker Unigel said on Wednesday it will invest up to $1.5 billion in its complex in the state of Bahia to produce so-called green hydrogen, the first in the country to do so on an industrial scale. The plant, located in the city of Camaçari, should have the first of three... Continue Reading →
Brazil Energy Insight 