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(Reuters) - BP (BP.L) said on Tuesday it plans to invest up to 2 billion euro ($2.12 billion) by 2030 in its refinery in Spain to produce low-carbon hydrogen and biofuels. The British company aims to develop a large plant to produce 2 gigawatts (GW) of green hydrogen, which is produced by splitting water using renewable energy,... Continue Reading →
(Reuters) - Spain's government on Tuesday approved its first ever delimitations for where wind farms can be developed off the country's coast, a significant step towards developing the offshore sector. Prime Minister Pedro Sanchez's cabinet approved a decree that allows for the development of offshore wind parks on 5,000 square km of maritime territory in... Continue Reading →
The maritime classification society DNV has, with its partners, launched a joint industry program to establish a monitoring and reporting framework for assessing greenhouse gas (GHG) emissions in the offshore wind installation sector. The partners of the JIP called EMRED, comprise energy companies, ScottishPower Renewables, RWE, Vattenfall, and Orsted, and installation and operation companies, Jan... Continue Reading →
BP and EnBW are collaborating with research and development experts at the UK-based Offshore Renewable Energy (ORE) Catapult to investigate using zero- or low-emission support vessels at offshore wind farms. The two companies are jointly developing three offshore wind projects in two UK locations – ‘Morven’, a potential 2.9GW lease area off the east coast... Continue Reading →
(Reuters) - Renewables investor Octopus Energy Generation plans a rapid increase in investment in offshore wind power after spending $1 billion in less than a year. The firm, part of Octopus Energy Group, said it has raised its stake in the 270 megawatt Lincs offshore wind farm off the east coast of England to 31%... Continue Reading →
(OW) The Governor of Maine’s Energy Office has released the Maine Offshore Wind Roadmap, a stakeholder-driven comprehensive plan that is said to offer detailed strategies for Maine to realize economic, energy, and climate benefits from offshore wind, in conjunction with communities, fisheries, and wildlife of the Gulf of Maine. The Roadmap was developed over 18... Continue Reading →
Heerema Marine Contractors has installed the offshore substation topside on a four-legged steel jacket foundation at Iberdrola's Baltic Eagle offshore wind farm site in Germany, using its Thialf semi-submersible crane vessel. The offshore substation, built by Iemants-Fabricom, will collect the electricity generated by the Baltic Eagle offshore wind farm turbines and transform the supply voltage... Continue Reading →
Optical technology specialist Luna Innovations will provide monitoring services for what will become the largest offshore wind project in the United States - Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project. The company’s EN.SURE long-range power cable sensing system will be used to monitor the wind farm’s export cable system, which will transport power to... Continue Reading →
(OE) Greencoat Renewables has completed the acquisition of a 22.5% stake in the Butendiek offshore wind farm in Germany from Marguerite Pantheon. Developed by wpd, the Butendiek offshore wind farm is located in Germany’s exclusive economic zone in the North Sea. It sits 32 kilometers west of the island of Sylt, and consists of 80... Continue Reading →
Dutch FPSO operator SBM Offshore is working on several floating, production, storage and offloading (FPSO) projects and two of these vessels are expected to achieve the first oil this year. While disclosing its record full-year 2022 directional underlying EBITDA of $1 billion, the revenue of $3.29 billion and the year-end backlog of $30.5 billion, SBM... Continue Reading →
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