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(offshore-energy.biz) TGS has completed an ultra-high-resolution 3D (UHR3D) seismic survey for the Green Volt floating offshore wind farm in Scotland, developed by a consortium of Flotation Energy and Vårgrønn. According to TGS, the record-breaking survey integrated Multibeam Echo Sounder (MBES), Sub-bottom Profiler (SBP), Side Scan Sonar (SSS), and magnetometer data into a unified dataset. This... Continue Reading →
July 23 (Reuters) - Europe's largest utility Iberdrola raised five billion euros ($5.87 billion) through a capital increase on Wednesday to help pay for a big rise in investments in power grids in Britain and the United States. The company plans to step up annual investments to around 15 billion euros from around 12 billion euros,... Continue Reading →
July 23 (Reuters) - Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels. The challenges facing the sector have exposed its initial ambitions as unrealistic. Hard-to-electrify industries that were seen as ideal candidates for green hydrogen, such as steelmaking and long-distance transportation, have... Continue Reading →
(Reuters) Norway's Equinor said on Wednesday it booked a $955 million impairment on an offshore wind project in the United States, despite the lifting of an earlier ban on its construction by President Donald Trump's administration. In April, Interior Secretary Doug Burgum said the administration of former President Joe Biden had failed to conduct enough... Continue Reading →
(OE) Skyborn Renewables has confirmed the execution of the Turbine Supply Agreement (TSA) and the Offshore Long Term Program Service Agreement (LTPSA) with Siemens Gamesa for the provision of 63 SG 14-23 wind turbines and their long term service for the Gennaker offshore wind farm in Germany. Both agreements are based on the Master Supply... Continue Reading →
(Reuters) - France's EDF is weighing options to bring in capital to both its North American and Brazilian renewables businesses, a company spokesperson said on Wednesday, which could include stake sales of as much as 50%. The comments followed a report by Bloomberg News citing people familiar with the matter as saying the state-owned utility... Continue Reading →
(Eixos.com.br) Amid market pressure to hold the first auction for offshore wind power generation in Brazil, the Ministry of Mines and Energy (MME) opened a public consultation on July 14th to improve the methodology for selecting areas for the activity. The objective of the consultation is to refine the definition of technical, environmental, economic, and... Continue Reading →
(OE) Iberdrola has signed green financing agreement with 24 banks for the East Anglia THREE offshore wind farm, being developed together with Abu Dhabi Future Energy Company (Masdar). The transaction valued at $4.88 billion, which was 40% oversubscribed, is one of the largest of its kind to date and will cover a substantial part of... Continue Reading →
(Reuters) Colombian state oil firm Ecopetrol said on Monday it has purchased a wind power project in the northern province of La Guajira from Enel for $50 million. The Windpeshi project will have a capacity of 205 megawatts (MW), which will be added to Ecopetrol Group's self-consumption energy portfolio, the company said in a statement. "We have... Continue Reading →
(Reuters) - The Crown Estate, which manages King Charles' public property, reported an annual net profit of 1.15 billion pounds ($1.57 billion) on Tuesday, similar to the previous year, with offshore wind leases its biggest source of revenue. The Crown Estate, which comprises tracts of land and most of Britain’s sea bed, is an independently... Continue Reading →
Brazil Energy Insight 