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(RE) Two of the world’s biggest energy companies have formed a joint venture to build green hydrogen ‘production hubs’ in Spain, Portugal and UK, with an intention to explore opportunities in other geographies. Spain’s Iberdrola — the world’s third-largest power company and a major renewables developer — and BP, the sixth-largest oil company, say they... Continue Reading →
U.S. Senator Joe Manchin and Senate Majority Leader Chuck Schumer on Wednesday announced a decision to add climate provisions to a budget reconciliation legislation that is expected to provide $369 billion in energy and climate investments. The package is said to promote zero and low carbon energy and support domestic production of offshore oil and... Continue Reading →
(OE) In our first article we highlighted some of the key contractual considerations facing shipowners looking to construct and charter offshore wind vessels. In this article we explore some of the considerations concerning the financing and bankability of offshore wind vessels. We have seen a diverse group of financiers interested in financing vessels in the offshore wind... Continue Reading →
(Reuters) New York is seeking renewable energy to power at least 1.5 million New York homes in its third offshore wind solicitation, Governor Kathy Hochul said on Wednesday, as the state ramps up development of the industry. Administered by the New York State Energy Research and Development Authority, the first phase includes $500 million investment... Continue Reading →
(Reuters) - Brazilian chemical maker Unigel on Monday announced plans to build a green hydrogen plant in the northeastern state of Bahia, with an initial investment of $120 million and the goal of making it one of the largest of its kind in the world. The plant is expected to start operations by the end... Continue Reading →
(OEM) Wave Energy Scotland (WES) has launched a tender for a study into the techno-economic benefits of shared services and infrastructure for wind and wave energy generation technologies and projects. The challenge is to identify and analyze opportunities for sharing of physical infrastructure, supply chains and services between wave energy and floating wind energy technologies and developments. These opportunities... Continue Reading →
Enel Brasil and the Government of the State of Ceará signed a memorandum of understanding to carry out technical, commercial, legal and financial feasibility studies for the future development of green hydrogen production projects in the State by Enel Green Power Brasil, an renewable generation of the Enel Group in the country. The partnership will... Continue Reading →
(OEM) Looking at the future of the oil and gas industry in the sustainable energy landscape, Wood Mackenzie, an energy intelligence group, has outlined three key elements of the energy super basins of the future. Ever since Russia’s attack on Ukraine, the outlook for the supply, demand, and price of fossil fuels is constantly shifting, which... Continue Reading →
Subsea 7 has laid the first subsea cables in the water for the 94.6 MW Hywind Tampen floating wind farm offshore Norway. JDR Cable System is in charge of supplying the electric cables for the project from its factory in Hartlepool, the UK, while Subsea 7 is responsible for the installation of the cables and... Continue Reading →
Siemens Energy has won what it says is the largest offshore grid connection order in the company's history. The order, made by Amprion Offshore, will see Siemens Energy supply two offshore wind power converter platforms at sea DolWin4 and BorWin4, and two associated stations on land. The platforms convert alternating current, as produced by wind... Continue Reading →
Brazil Energy Insight 