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While the global energy crisis marked 2022, efforts to propel the energy transition forward in a bid to usher in a sustainable energy future continued gaining momentum. As a result, last year was also a bumper year for carbon capture, utilization, and storage (CCUS), according to the International Energy Agency (IEA), as more than 140 new... Continue Reading →
(Reuters) - Tokyo Electric Power Company Holdings (TEPCO) (9501.T) said on Monday that it had won the rights to develop up to 1.9 gigawatts (GW) of floating offshore wind capacity across two projects in Scotland together with Norway-based company Vargronn. Many once-conventional energy and power companies around the globe are switching their attention to renewable energy, such... Continue Reading →
(Reuters) - A record 680 gigawatts (GW) of wind energy capacity is expected to be installed by 2027 but policymakers need to ensure supply chain bottlenecks do not slow growth to avoid missing climate targets, according to an industry report released on Monday. The Global Wind Energy Council (GWEC) report said policies have set the... Continue Reading →
The French government has selected Energies du Méridien, a new offshore wind consortium comprising Corio Generation and Qair, to take part in upcoming offshore wind project tenders totaling about 2.5 GW. French Directorate General for Energy and Climate has shortlisted the consortium for two fixed-bottom offshore wind tenders that were launched in parallel in December... Continue Reading →
(OE) Crown Estate Scotland has announced the results of the world’s first leasing round designed to enable offshore wind energy to supply offshore oil and gas platforms directly. Thirteen projects have been offered exclusivity agreements. INTOG (Innovation and Targeted Oil & Gas) leasing aims to attract investment in innovative offshore wind projects in Scottish waters,... Continue Reading →
Semco Maritime, ISC Consulting Engineers, Aalborg University, Energy Cluster Denmark and Norway, and Sweden-based Inocean have all obtained funding to forward the development of a floating offshore substation (FOSS) concept. The parties announced their collaboration in 2022 and are now set to accelerate further the floating offshore substation development through funding from the Energy Technology... Continue Reading →
German energy group EnBW has reached a final investment decision for He Dreiht offshore wind farm in Germany, clearing the way for the start of construction of EnBW’s largest offshore wind farm to date, with an installed capacity of 960 megawatts (MW). EnBW CFO Thomas Kusterer said: “In He Dreiht, we are building one of Germany’s largest... Continue Reading →
(Reuters) - Energy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters. Swiss energy traders have posted record returns over the last few years as they thrived in extremely volatile markets brought on by... Continue Reading →
(OE) Floating wind farm and technology developer BW Ideol has entered into exclusive negotiations with ADEME Investissement, a state-owned French financier of innovative infrastructure projects, for ADEME Investissement to invest €40 million in BW Ideol’s project development activities. Under the agreed terms, BW Ideol will transfer its co-development project portfolio to a newly created subsidiary... Continue Reading →
(OE) GreenIT, a joint venture between Plenitude (Eni) and CDP Equity (CDP Group), and Copenhagen Infrastructure Partners (CIP) through its Flagship Funds have signed an agreement to develop three floating offshore wind projects in Latium and Sardinia, Italy. The floating wind farms will be located roughly 30 km off the coast and have an overall... Continue Reading →
Brazil Energy Insight 