Copenhagen Infrastructure Partners-led Pentland floating offshore wind farm has been granted planning permission in principle from Scotland's Highland Council for its onshore infrastructure. To be located 7.5km off the coast of Dounreay in Caithness, Pentland will generate 100MW making it capable of providing electricity to almost 70,000 homes, equivalent to 65% of those in the... Continue Reading →
SeaTwirl Gets Nod to Test Vertical-axis floating Wind Turbine in Norway after Appeal Rejected
(OE) The Norwegian Ministry of Petroleum and Energy has given METCentre the concession to test SeaTwirl´s vertical-axis floating wind turbine. The concession comes after the Norwegian authority Norges Vassdrags- og Energidirektorat (NVE) rejected an appeal to overturn SeaTwirl’s S2x concession in Norway. The decision can therefore no longer be appealed, and SeaTwirl can now move... Continue Reading →
Floating Wind: Falck Renewables, BlueFloat Partner Up with Italian Steel Maker
The Italian steel company Acciaierie d’Italia has signed a letter of intent with the Falck Renewables and BlueFloat Energy´s partnership on strategic collaboration for the development of renewable energy projects. The parties have established a technical working group which will focus on four areas. The Taranto-based company could provide steel and other materials for the... Continue Reading →
EU leaders to back new funding for green industry in Feb -draft
(Reuters) - European Union leaders will give clearance in February for work on new EU funding for the green tech industry to counterbalance subsidies in the United States and China, as well as more flexible use of existing funds and looser state aid rules. The draft conclusions for the Feb 9-10 EU leaders' summit, seen... Continue Reading →
Imported hydrogen can beat EU production costs by 2030 – study
(Reuters) - Imports of renewable hydrogen into the European Union by 2030 will be competitively priced compared with domestically produced clean hydrogen, a future energy source to replace fossil fuels, a study by Aurora Energy said on Tuesday. In the RePowerEU policy, lawmakers have assumed that hydrogen usage in the bloc will reach 20 million... Continue Reading →
Rovco grows its fleet to service offshore wind projects
Rovco, a UK provider of subsea robotics and integrated survey, has signed an initial three-year charter party agreement with Glomar Offshore for the multi-purpose support vessel Glomar Supporter, as part of its growth strategy within its site characterization business unit. Rovco has pointed out that the charter agreement with Glomar Offshore marks a significant step... Continue Reading →
Upstream Spending To Rise To $485 Billion In 2023
Over the past three years, the majority of U.S. energy companies have avoided spending big to expand production in the aftermath of the 2020 oil crisis, prioritizing returning more cash to shareholders in the form of dividends and share buybacks. Most oil and gas companies have only announced small increases in their capital spending for... Continue Reading →
Portugal to launch first offshore wind auction, eyes 10 GW by 2030
(Reuters) - Portugal expects to launch its first offshore wind power auction by the last quarter of this year, aiming to reach 10 gigawatts (GW) of installed capacity by 2030, Prime Minister Antonio Costa said on Monday. As a pre-condition to the auction, the government will this week launch a public hearing regarding proposals for... Continue Reading →
Eni CEO Descalzi Set for Record for Fourth Term
(Reuters) The chief executive of Italy's Eni Claudio Descalzi is on course to secure Prime Minister Giorgia Meloni's backing for an unprecedented fourth term at the top energy group, sources told Reuters. Another three years in office would make Descalzi, who has held the job since 2014, the longest-serving company head at the state-controlled group... Continue Reading →
Germany publishes plans to hit 30 GW offshore wind target in 2030
(Reuters) - Germany on Friday said it has drawn up new development plans for offshore wind turbine sites to reach a target for 30 gigawatts (GW) of installed wind power capacity by 2030. The plans by the Federal Maritime and Hydrographic Agency (BSH) will ensure that the target can be met, the Economy Ministry said... Continue Reading →