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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 →
July 6, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 06/04/2020, informs the beginning of the non-binding phase regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (Brasympe), Energética Suape II S.A. (Suape II), Termoelétrica Potiguar S.A. (TEP), Companhia Energética Manauara S.A. (CEM) and Brentech... Continue Reading →
June 15, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on 05/13/2020, informs the beginning of the non-binding phase regarding the sale of four thermal power plants, three of them located in Camaçari, in the state of Bahia and powered by fuel oil (UTEs Polo Camaçari), and one bi-fuel plant... Continue Reading →
BW’s floating storage and regasification unit has arrived at a new terminal in the Brazilian Port Acu to start its contract serving Gas Natural Acu’s LNG-to-power project. The FSRU BW Magna finally docked at the project’s regasification terminal on Friday. The vessel has been waiting offshore the port since January to get a green light to dock... Continue Reading →
Amid what the IEA has dubbed a “dismal” year for fossil fuels, the one bright spot is the performance of renewables sector, which is still expected to grow by 1% this year. That is a serious downgrade on the sector’s record performance last year, when global wind power capacity grew by almost a fifth. Nonetheless,... Continue Reading →
Royal Dutch Shell PLC is ready to start negotiating with potential clients the sale of future solar power on Brazil’s free energy market from its first farms due to start operating in 2023, Shell’s solar business development manager for Latin America said. In a telephone interview on Monday, Maria Gabriela da Rocha said the startup... Continue Reading →
