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Iberdrola has received a production license from the Portuguese Directorate-General for Energy and Geology of Portugal (DGEG), taking another step towards the construction of the largest wind farm in Portugal. Located in the districts of Vila Real and Braga, in northern Portugal, with a total investment of around €350 million, this project reinforces Iberdrola's commitment... Continue Reading →
(cleantechnica.com) The offshore wind industry has planted tens of thousands of turbines in coastal waters around the world since the early 2000s. That’s a good start, but it’s just a start. New offshore floating wind technology is beginning to hit the market, extending the reach of wind turbines into new territory and providing new opportunities... Continue Reading →
(OE) Gazelle Wind Power, a Dublin-based developer of foundations for floating offshore wind farms, has secured investment of $12.1 million to accelerate the development of its floating wind technology. The funding round for Gazelle Wind Power was led by Indico Capital Partners, a premier investor in ocean related sustainable technologies. Other investors in the round... Continue Reading →
(Reuters) - Portugal's largest utility EDP posted on Thursday a stronger-than-expected 14% rise in nine-month net consolidated profit, benefiting from strong rainfall in Iberia and additional earnings from its Brazilian unit after a full takeover. EDP pocketed a net 1.08 billion euros ($1.17 billion), beating the average analysts' forecast of 993 million euros in an... Continue Reading →
(Reuters) Portugal's Galp Energia on Monday posted a 22% fall in third-quarter adjusted core profit, hit by lower oil output and a sharp drop in refining margins, but earnings still beat estimates for the period. The energy firm reported adjusted earnings before interest, taxes, depreciation and amortization of 820 million euros ($885 million), beating the... Continue Reading →
(OE) Portuguese maritime engineering company Etermar has launched Etermar Energia, a new branch dedicated to renewable energy, with a strong focus on offshore wind. Energia Energia has been established with the aim to become a strategic partner for the development of offshore wind projects worldwide. The company is strategically positioned to meet the needs of... Continue Reading →
(offshoreWIND.biz) The global pipeline of floating offshore wind projects has expanded from 244 GW to 266 GW in the last twelve months, reflecting a nine per cent increase, according to a report published by RenewableUK. The number of global projects has increased from 285 to 316, with the pipeline including projects at various stages: fully... Continue Reading →
In its four years of operation, the world’s first semi-submersible floating offshore wind farm, WindFloat Atlantic, has surpassed anticipated production figures, achieving a total cumulative output of 320 GWh. Connected to the grid by the end of 2019 and fully commissioned in 2020, the floating offshore wind farm was developed by the Windplus consortium formed... Continue Reading →
(Reuters) - Norwegian energy company Equinor has cancelled its offshore-wind projects in Spain and Portugal, in addition to its previously announced exit from Vietnam, and could withdraw from more countries to rein in spending, an executive told Reuters on Wednesday. "We have been actively pursuing early-phase opportunities in a series of markets around the world, in different... Continue Reading →
Tokyo Gas has acquired a 21.2 per cent stake in WindFloat Atlantic, the 25.2 MW floating offshore wind farm in Portugal. WindFloat Atlantic, operated by Windplus, a majority-owned subsidiary of Ocean Winds, has been operational since 2020. According to the Japanese company, this is Tokyo Gas’s first direct investment in an overseas floating offshore wind... Continue Reading →
Brazil Energy Insight 