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Scotland’s new offshore wind leasing round aiming to decarbonise the North Sea oil and gas sector and position offshore wind as a primary feature of the energy transition has launched today, with plans to deliver the results in March next year. Following last year’s consultations, Crown Estate Scotland, the body which manages seabed leasing for offshore... Continue Reading →
(Reuters) - For the first time, investors seeking to pour cash into U.S. clean energy projects can count on at least a decade of generous federal subsidies, offering them long-sought confidence in the staying power of the world’s third biggest renewables market. Tax credits for wind and solar projects have underpinned explosive growth in U.S.... Continue Reading →
The Netherlands-based engineering company Iv-Offshore & Energy has developed a platform that uses offshore wind energy to produce 85 kilotonnes of hydrogen per year. With a capacity of 500 MW, the platform can produce enough green hydrogen in a single day to power more than 300,000 hydrogen cars to drive at least 100 kilometres, the... Continue Reading →
Over the second quarter of 2022, BP’s Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal achieved a 5 per cent progress, when compared to the previous quarter of the year, topping the 80 per cent mark. The project is on track for the first gas in 3Q 2023 despite delays related to the FPSO... Continue Reading →
(EV) Macquarie Group is betting the North Sea – engine of the UK’s once-booming oil and gas industry – can be transformed into the green energy hub of Europe. The Australian bank, one of the top energy-infrastructure investors, has been acquiring offshore wind farms, pipelines and networks that will be in prime position to produce, carry... Continue Reading →
(EPBR) Ibama registers 66 projects under licensing in the country, totaling 169 GW. Rio Grande do Sul and Ceará lead the ranking of power Shizen Energia do Brasil, a group of Japanese origin, has become the leader in licensing offshore wind farms in Brazil, with 18 GW, in six projects on the Brazilian coast –... Continue Reading →
(OE) The events of the last month have shown that, despite some negative factors, the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Two major... Continue Reading →
Iberdrola Group company AVANGRID has finalized an agreement to take over responsibility as the operations and management services provider for Vineyard Wind 1, the U.S.' first commercial-scale offshore wind project. The agreements include an operations and maintenance service agreement and asset management agreement, which designate AVANGRID as the party responsible for overseeing the operation and... Continue Reading →
Investment in the offshore wind sector in the first half of this year amounted to USD 32 billion, 52 per cent more than in the same same period in 2021, according to BloombergNEF (BNEF). The financing of the 1 GW China Three Gorges (CTG) Yangjiang Yangxi Shapa Qingzhouwu Offshore Wind Farm for USD 2.1 billion... Continue Reading →
(Reuters) - SBM Offshore (SBMO.AS) on Thursday revised its annual guidance upwards as the Dutch oil and gas services firm sees the transition to renewable energies from fossil fuels benefiting its project portfolio, sending its shares higher. The group, which plans to achieve net-zero emissions by no later than 2050, set intermediate greenhouse gas-related targets as the... Continue Reading →
