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A new chemical process discovered as part of a Vestas-led project removes the need for changing the design or composition of the material used for wind turbine blades to make them recyclable as it allows for epoxy-based blades to be broken down into raw material that can be reused to make new wind turbine blades... Continue Reading →
(OE) Heavy Lift Projects Ltd (HLP), a provider of offshore wind farm logistics, said Tuesday it had completed a funding round with private investors and opened its first office in Edinburgh. The company said that Capercaillie (Investments) Ltd and Giles W Pritchard-Gordon & Co Ltd have committed a "multi-million-pound" investment, which will be used to... Continue Reading →
(Reuters) - Swedish utility Vattenfall on Wednesday reported an increase in underlying operating profit in the fourth quarter of 2022 as increased wind power capacity and inflow of new customers boosted earnings. Underlying operating profit rose to 13.5 billion Swedish crowns ($1.28 billion) from 9.1 billion a year earlier, the state-owned company said. "Wind power... Continue Reading →
(Reuters) - Equinor (EQNR.OL) on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous high, as gas prices soared and fourth-quarter results beat expectations, boosting its share price by 7%. The Norwegian oil and gas producer's adjusted earnings before tax and interest for October-December rose to $15.1 billion from $15... Continue Reading →
(Reuters) - BP (BP.L) on Tuesday reported a record profit of $28 billion for 2022 while boosting its dividend in a sign of confidence as it sharply raised overall spending plans but scaled back ambitions to reduce oil and gas output by 2030. The blockbuster profit follows similar reports from rivals Shell (SHEL.L), Exxon Mobil (XOM.N) and Chevron (CVX.N) last week after... Continue Reading →
(OED) BW Ideol, a company building concrete foundation for floating wind industry, said Monday that its 5-year-old Floatgen demonstrator continued strong operations, showing a capacity factor of nearly 60% over the last three months and a production of 25GWh since its 2018 commissioning. Floatgen is a 2 MW demonstrator equipped with the world’s first concrete... Continue Reading →
Norwegian energy firm Equinor and its UK partner SSE Renewables have started early scoping work to explore options for developing a fourth phase, Dogger Bank D, of the what will be the world’s largest offshore wind farm. Equinor and SSE Renewables each own 50% of the proposed Dogger Bank D development. The Dogger Bank D... Continue Reading →
(E) WindFloat Atlantic – the world’s first semi-submersible floating offshore wind farm – has been online for two years, and it’s far exceeding power output expectations. The 25 megawatt (MW) WindFloat Atlantic project ended 2022 with an electricity production of 78 gigawatt hours (GWh) – 5% more output than its first year. It supplies power to more... Continue Reading →
(Reuters) - Denmark's Orsted (ORSTED.CO), the world's No. 1 offshore wind farm developer, on Wednesday reported fourth-quarter operating profit in line with preliminary 2022 numbers but said its offshore business faced challenges. "In a year with unusual market conditions, not least the very volatile energy prices and a substantial increase in inflation, we're happy to achieve a record-high... Continue Reading →
(Reuters) Portugal's first offshore wind power auction is drawing interest from large utility companies, especially those in northern Europe, the economy minister said on Friday, adding that the government would speed up the process, aiming for a third quarter launch. The government last week launched a public hearing regarding proposals for the delimitation of areas... Continue Reading →
Brazil Energy Insight 