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(Forbes) Siemens Gamesa has started to install a new generation of more powerful machines for onshore wind energy in Brazil, in an important step to increase its competitiveness in a key market for the manufacturer and position itself for the development of the country's offshore wind market, according to a company executive. Brazil will be... Continue Reading →
(EV) The cost of clean hydrogen will fall to that of liquefied natural gas in a decade as global efforts to replace fossil fuels accelerate, according to Europe’s biggest operator of gas infrastructure. “Green hydrogen today is not economically competitive against alternative energy sources, which will not be the case in 10 years’ time,” Thomas... Continue Reading →
(OED) Latin America's offshore wind capacity could reach 34 GW by 2050, driven by off-grid green hydrogen projects, according to energy intelligence group Wood Mackenzie, a Verisk subsidiary. Currently, there are no commercial offshore wind farms in operation in the region. According to Wood Mackenzie, offshore wind activity will correspond to a 15.4% compound annual... Continue Reading →
(OW) BP is advertising a new opening in its offshore wind business, this time looking for the Head of Floating Offshore Wind, who will develop and lead its global floating offshore wind team from BP’s base in the UK. The company participated in public discussions on California’s (floating) offshore windBP is also exploring floating wind as... Continue Reading →
Offshore wind capacity could grow 56-fold until 2050, driven by a growing need for decarbonisation and energy security, and decreasing costs. Regarding the latter, bottom-fixed and floating offshore wind levelised costs of energy (LCoE) are forecast to drop by 39 per cent and 84 per cent, respectively, according to the new Energy Transition Outlook from... Continue Reading →
(OED) Sustainability consultancy ERM has awarded a contract to Principle Power, a provider of floating foundation solutions for the floating wind industry, to progress the Front-End Engineering Design (FEED) for a Wind-to-Hydrogen Dolphyn 10 MW prototype project off the coast of Aberdeen. The contract was agreed following ERM Dolphyn's receipt of £8.62 million in financing... Continue Reading →
(RE) A vast network of long-distance shipping and pipeline routes will be built by 2050 for the trading of just over 60% of the world’s hydrogen supply, according to a new report by Hydrogen Council and the consulting firm McKinsey. In a “cost-optimal world”, half of the 400 million tonnes of H2 they expect to be... Continue Reading →
Fifteen years and R$ 20 billion later, Porto do Açu, a mega-complex port-industry is already among the ten largest in the country in terms of cargo handled. It has already contracted over R$ 22 billion in investments over the next five years. Prumo Logística, owner of the venture, controlled by the American fund EIG, is... Continue Reading →
(U) Norwegian energy giant Equinor believes that floating offshore wind can be cost comparable with bottom-fixed wind arrays within around a decade. “We believe that cost parity with fixed bottom wind can be achieved in the early 2030s, but you really need to go at scale – that’s the way to go with floating wind... Continue Reading →
(Reuters) - African countries will use the COP27 climate talks in Egypt next month to advocate for a common energy position that sees fossil fuels as necessary to expanding economies and electricity access, the continent's top energy official said on Tuesday. The African position, criticised by environmental groups, could overshadow global climate talks in Sharm... Continue Reading →
Brazil Energy Insight 