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Aug 20, 2020 Equinor started licensing process with Ibama for the offshore wind farms Aracatu I and Aracatu II, with 2 GW in each and the possibility of expansion to 2.33 GW. The plan is to install the first wind farm on the coast of Rio de Janeiro and the second, between the states of... Continue Reading →
Since 2010, wind energy has seen sustained growth worldwide, with the amount of energy generated by offshore wind increasing by nearly 30% each year. Countries around the world need to ramp up renewable energy supply quickly to meet growing demand and rapidly reduce emissions. Despite this urgency, offshore wind currently provides less than 1% of the... Continue Reading →
August 14, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on 06/15/2020, announces the beginning of the binding phase regarding the sale of four thermal power plants, three of which are located in Camaçari, in the state of Bahia and powered by fuel oil (UTEs Polo Camaçari), and one bi-fuel... Continue Reading →
State Power Investment Corporation of China (SPIC) signed an agreement to buy a 33% stake in the GNA I and GNA II thermoelectric plants, with 3 GW of capacity and integrated into the LNG terminal in Porto do Açu (RJ). - Agreement closed through the subsidiary SPIC Brasil foresees entry to the next plants of... Continue Reading →
The United States has an opportunity to accelerate offshore wind energy growth, and benefit from 28 new gigawatts of clean energy and $1.7 billion in U.S. Treasury revenue by 2022, a new study released today from research group Wood Mackenzie finds. Findings from this study confirm additional lease areas are needed to meet demand, reduce... Continue Reading →
Wind turbine maker Siemens Gamesa expects the fallout of the COVID-19 pandemic will cut 1 billion euros ($1.2 billion) from its sales revenue in the full year, the German-Spanish manufacturer said on Thursday. The company said the impact will be harsher than previously expected, with fewer sales of turbines in several markets and slower execution... Continue Reading →
July 30, 2020 Ceará emerges as the main center of investment attraction for offshore wind in the country, after BI Energia started licensing process for a new park in Camocim, with 1.2 GW of power, distributed in 100 12 MW wind turbines. With the new project, four of the seven offshore wind farms currently being... Continue Reading →
Industrial cable provider Prysmian Group has announced new organizational structure and management appointments for the Projects Business Unit - responsible for High Voltage submarine and underground cable systems for power transmission. Prysmian, based in Italy, said the changes are part of the ambition to grasping the energy transition opportunities and to ensure "the perfect execution... Continue Reading →
Warren Buffett’s $9.7 billion bet on natural gas looks even more contrarian today. As Democrat Joe Biden unveils a staggering $2 trillion clean-energy plan—the most ambitious climate package ever offered by a presumptive presidential nominee—Buffett’s recent deal to buy Dominion Energy Inc.’s natural gas assets is a stark sign he’s expecting that the market’s shift... Continue Reading →
The Carbon Trust sees 70 GW of floating wind installed capacity by 2040, according to a new summary report on the findings from the second phase of the Floating Wind Joint Industry Project (JIP). The report outlines technology challenges that need to be addressed so the commercialisation of floating wind could be sped up, as... Continue Reading →
Brazil Energy Insight 