Brought to you by Quest Offshore & Southern Cone Consultants
Philip Lewis, Contributor (OE) In recent State of the Port address, the first held since 2020, the Port of Long Beach’s Executive Director David Cordero discussed the port’s plan to support California’s emerging floating wind industry. The Port of Long Beach has not yet been identified as a marshalling port for any one project. However, under its Zero Emissions,... Continue Reading →
(Reuters) Germany boosted its offshore wind power capacity by 357 megawatts (MW) to 7,036 MW last year, inching towards a planned 30,000 MW by 2030, power grid operator TenneT said. The German arm of the Dutch transmission group will play a key role in achieving the target, linking the majority of new wind farms to... Continue Reading →
(OE) Norway's Equinor and UK's BP on Thursday jointly bid into New York’s third offshore wind solicitation (NY3). The bid was submitted to the New York State Energy Research and Development Authority (NYSERDA) in response to the state’s most recent offshore wind energy solicitation. Equinor said the bid would provide New York with renewable energy... Continue Reading →
(Reuters) - French bank BNP Paribas (BNPP.PA) on Tuesday pledged to slash the money it has outstanding with the oil extraction and production industries to less than one billion euros ($1.1 billion) by 2030, an 80% decline from its current balance of five billion euros. The lender said it stopped financing oil projects back in 2016, but... Continue Reading →
(Reuters) - European Union leaders will give clearance in February for work on new EU funding for the green tech industry to counterbalance subsidies in the United States and China, as well as more flexible use of existing funds and looser state aid rules. The draft conclusions for the Feb 9-10 EU leaders' summit, seen... Continue Reading →
(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 →
