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(Reuters) - Spanish renewable energy giant Iberdrola set out plans on Thursday to invest 41 billion euros ($44.83 billion) over the next three years, focusing on power grids like Italian rival Enel as the industry seeks better returns. The new plan builds on the strategic shift Iberdrola announced in 2022, when it said it would be taking... Continue Reading →
(Reuters) Europe's largest utility Iberdrola will keep betting on offshore wind in the coming years, roughly tripling the value of its assets in the sector to 17 billion euros ($18 billion), Executive Chairman Ignacio Sanchez Galan told shareholders on Friday. In the past couple of years, the Spanish firm has shifted its focus to upgrading... Continue Reading →
(OffshoreMagazine)Rain Byars, technical and delivery director with Atlantic Shores Offshore Wind, provided a developer's perspective on US offshore wind during her keynote session on May 7 at the Offshore Technology Conference (OTC). The dedicated offshore wind thread was a first at OTC this year. Byars has 14 years of experience in offshore wind, and prior to... Continue Reading →
(offshoreWind.biz) The first Siemens Gamesa’s SG 11.0-200 DD wind turbine has been installed at the Gode Wind 3 offshore wind farm in Germany. In addition, the 253 MW project has started producing electricity for the first time and delivering it to the transmission network. On 23 April, the first of 23 Siemens Gamesa turbines was... Continue Reading →
(Reuters) - Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO, tightening its grip on a loss-making business as the provider of power equipment emerges from its biggest crisis to date. The announcement, which was flanked by a raised full-year outlook and a fourfold increase... Continue Reading →
By Fernando Tamayo, Emissions Team Lead, Welligence Energy Analytics (OE) In recent years, the oil and gas industry has faced mounting pressure to address its environmental impact. This has led many companies to set decarbonization targets – we are tracking more than 460 targets set by independents, majors, and NOCs across the sector. However, achieving... Continue Reading →
(OE) Italian cable maker and installation services provider Prysmian has named Massimo Battaini as its new chief executive officer and general manager. The new CEO appointment also marks the entering into force of the new organizational structure, aimed at supporting the company’s strategic plan and value creation, Prysmian said. The new organization, as already announced... Continue Reading →
(offshoreWIND.biz) National Grid Ventures (NGV) and Con Edison Transmission have submitted plans for building a transmission infrastructure that will connect offshore wind power to the New Jersey electricity grid. The project, named the Garden State Energy Path, proposes laying underground cables that will enable the delivery of approximately 6 GW of offshore wind power from... Continue Reading →
(OE) Offshore wind developers Flotation Energy and Vårgrønn, a joint venture between Eni’s Plenitude and HitecVision, have announced that their 560 MW floating offshore wind project Green Volt has been granted full onshore planning approval. The Green Volt floating wind farm, located offshore Scotland, will deliver electricity to oil and gas platforms, replacing power currently... Continue Reading →
(Reuters) The Biden administration on Friday released new rules that will make it easier for offshore wind developers to claim a subsidy for facilities planned in areas that have historically relied on fossil fuel industries for employment. The revision follows nearly a year of warnings by offshore wind companies that their projects might not move... Continue Reading →
Brazil Energy Insight 