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(Reuters) - Octopus Energy’s generation arm said on Thursday it is investing in Spanish-headquartered renewables developer FF New Energy Ventures (FFNEV) to expand activities in Spain and enter the Portuguese market for the first time. The investment also aims to accelerate expansion into Latin America in the future, the firm said. Financial details of the... Continue Reading →
(Reuters) - The green hydrogen express is gathering pace, but it may have a worrying problem with leaks. As governments and energy companies line up big bets on the much-touted fuel of the future, some scientists say the lack of data on leaks and the potential harm they could cause is a blind spot for... Continue Reading →
(OE) German renewable energy firm RWE has selected Port of Blyth as offshore construction base for its 1.4 GW Sofia Offshore Wind Farm, one of the world’s largest offshore wind projects. "Commissioned in December 2000, Blyth was home to the UK’s first offshore wind turbine pilot project, operated at the time by E.ON Climate and... Continue Reading →
(OE) Swedish energy firm Vattenfall said Wednesday that the capacity for the Norfolk Offshore Wind Zone in the UK would be increased to more than 4 4.2 GW. Vattenfall said that the expansion would not have any extra impact on local residents, with the construction taking place within existing plans. Vattenfall says that the capacity... Continue Reading →
(OE) Danish engineering group Ramboll will investigate the feasibility of producing hydrogen offshore at a multi-gigawatt scale with NortH2 in the Dutch part of the North Sea. The NortH2 consortium, consisting of Eneco, RWE, Equinor and Shell, in partnership with Gasunie, is investigating how all aspects of the hydrogen value chain – from production to... Continue Reading →
(OE) Vattenfall and Metsähallitus have joined forces to build and run Finland's first major offshore wind farm. The project will be built at Korsnäs, off the west coast of Finland. It will have a capacity of 1.3 GW and could produce 5 TWh per year. "Vattenfall was selected in the first of a number of... Continue Reading →
(OE) The Crown Estate for England, Wales, and Northern Ireland has announced its first major investment in surveys to help with the construction of floating offshore wind farms in the Celtic Sea. "The awarding of the first contracts marks an important step in what is anticipated to be a multi-million pound series of technical and... Continue Reading →
(Reuters) - The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year. Sales of U.S. crude to other nations are now a record 3.4 million barrels per day (bpd), with exports of about... Continue Reading →
Norwegian construction firm Veidekke said Monday it has set its sights on the offshore wind market, with the company planning to become a key part of the value chain for floating offshore wind. The company said it was already participating in a larger feasibility study to specifically look into "how the floating foundations for the wind... Continue Reading →
(Reuters) - Spanish oil company Repsol (REP.MC) said on Friday it was buying renewable energy firm Asterion Energies, which has assets in Spain, Italy and France, for 560 million euros ($596 million) plus contingent payments of up to 20 million euros. Three sources with knowledge of the matter had told Reuters in October that both Repsol and French utility... Continue Reading →
Brazil Energy Insight 