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France’s BW Ideol and its compatriot ADEME Investissement have entered into a final agreement for a funding injection to set up a new floating offshore wind company. Under the contract, BW Ideol will transfer its co-development project portfolio to BW Ideol Projects Company with ADEME investing an initial EUR 17.85 million at the first financial... Continue Reading →
(OE) Spanish renewable energy company said Thursday that its first French offshore wind farm has officially started supplying electricity to the grid. Electricity from the Saint-Brieuc offshore wind farm has started feeding into the grid in Brittany for the first time, as the wind farm is connected to the national electricity grid managed by RTE.... Continue Reading →
Lhyfe, a green hydrogen production specialist, said Tuesday that its offshore green hydrogen production pilot Sealhyfe recently started producing green hydrogen in what the company said is a world first. The Sealhyfe platform was recently towed 20 kilometers out into the Atlantic, off France, and connected with the SEM-REV power hub. "As of June 20... Continue Reading →
EDP Group agreed with Ocean Winds (OW), the joint venture created by EDP Renewables and ENGIE dedicated to offshore wind, to transfer EDP’s position in floating wind design firm Principle Power to OW. Principle Power is specialized in the design of floating structures to support offshore wind turbines that can be used in deeper waters. ... Continue Reading →
(OE) The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies, energy intelligence firm Wood Mackenzie said in a report Wednesday. “The global solar industry, including PV developers, continue to battle limited land availability and... Continue Reading →
(OE) The first of three SBM Offshore designed foundations of the Provence Grand Large floating wind farm was floated out this week at the fabrication yard in Fos-sur-Mer, France. Eiffage Metals, the Fos-sur-Mer fabrication yard owner, said Monday:”The three [floating foundations] of this [offshore wind farm] were assembled in our plant in Fos-sur-Mer. These tripod-shaped... Continue Reading →
(EV) Shell (LON: SHEL) is seeking to sell French floating wind developer Eolfi, a potential retreat from one element of its renewable power plans as new Chief Executive Officer Wael Sawan pushes to deliver greater value to shareholders. The oil major is exploring the sale just a few years after it acquired Eolfi, according to people familiar with the matter, who asked... Continue Reading →
(OE) Spanish offshore wind developer Iberdrola said Friday it had installed the first wind turbine at the offshore farm in the bay of Saint-Brieuc, France. The installation of the first of 62 wind turbines for the Saint-Brieuc wind farm was carried out on May 12 by Siemens Gamesa Renewable Energy. This operation was carried out... Continue Reading →
BNP Paribas, France's largest bank, will no longer provide any financing dedicated to the development of new oil and gas fields, and it reiterated it targets an 80% cut of its oil exploration financing by 2030. "BNP Paribas no longer provides dedicated financing for the development of new oil and gas fields, regardless of the... Continue Reading →
Philip Lewis, Contributor (OE) Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of... Continue Reading →
Brazil Energy Insight 