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(OE) Despite the negative headlines around the longer-term prospects for the U.S. offshore wind segment, business intelligence company Intelatus Global Partners sees continued efforts by the federal government and, in particular, the East Coast states to find solutions to the challenges faced by the industry as whole, which can be grouped under three headings: high... Continue Reading →
by Anne Haase, Renewables Director at Aquaterra Energy. (OW) Europe is currently driving plans forward to significantly decarbonize industry and accelerate its journey to a low carbon economy. Hydrogen is core to that decarbonization strategy, with infrastructure projects being developed conceptually to support transmission and distribution across Europe, the UK and wider. The market has traditionally... Continue Reading →
(Reuters) Macquarie is considering selling its 25% stake in Race Bank, a 573-megawatt offshore wind farm located off Britain's Norfolk coast, according to two sources with knowledge of the matter. The infrastructure group is working with advisors on the sale, which could value the wind farm at up to 3 billion pounds ($3.66 billion), one of... Continue Reading →
(Reuters) - French energy company EDF Renewables on Thursday said it will withdraw from a solar energy project in central Colombia due to delays in permits, as well as regulatory and tax changes. The announcement represents the latest setback for Colombia's energy transition, where many renewable projects have stalled despite President Gustavo Petro's goal of... Continue Reading →
(Reuters) Colombia is proposing to force bidders for offshore wind projects to give a state company a stake in the developments, as part of a wider set of draft modifications to the rules governing the process published this week. The government of President Gustavo Petro, Colombia's first leftist leader, has set its sights on weaning the Andean... Continue Reading →
Japanese shipping giant Mitsui O.S.K. Lines, Ltd. (MOL) has, following a recent private placement, become a shareholder in Odfjell Oceanwind, a Norwegian floating wind technology developer. "The transaction generates significant capital which will be used to further strengthening Odfjell Oceanwind’s position as a global leader and frontrunner in floating offshore wind technologies. Odfjell Technology Ltd.... Continue Reading →
(Reuters) - Italy's Prysmian (PRY.MI) aims at to increase core profit by around a third by 2027 as the world's largest cable maker takes advantage of opportunities from the global push towards cleaner energy and the digital transformation. Prysmian was at the crossroads of long term market trends of increased renewable generation, growing electricity demand, expanding power... Continue Reading →
Founded on October 3, 1953, Petrobras developed alongside Brazil and became the largest company in the country, an icon for Brazilians. An international reference in the oil and gas sector, the company has achieved notable achievements and has become a company of global relevance. The boosting of the energy industry, the discovery of the pre-salt,... Continue Reading →
(TN) ANP released the Monthly Oil and Natural Gas Production Bulletin for August 2023, which provides consolidated data on national production. Total production (oil + natural gas) was 4.392 million barrels of oil equivalent per day (MMboe/d). Regarding oil, 3.462 million barrels per day (MMbbl/d) were extracted, a reduction of 1.4% compared to the previous... Continue Reading →
(OW) Rhode Island Energy, the largest utility in Rhode Island, will be issuing a new Request for Proposals (RFP) to solicit approximately 1,200 MW of offshore wind, Governor Dan McKee unveiled on 28 September. Rhode Island Energy is expected to issue its RFP this month, with proposals being due in early 2024 and a potential selection being made... Continue Reading →
Brazil Energy Insight 