Decree clarifies the requirements for the assignment of use of public assets in offshore areas for the purpose of generating electricity The President of the Republic issued decree nº 10.946/2022, which provides for the assignment of use of physical spaces and the use of natural resources for the generation of electricity from offshore ventures. The... Continue Reading →
(Reuters) - The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wood Mackenzie said on Thursday. While investments in technologies like solar and wind farms, advanced batteries will... Continue Reading →
(WNN) Brazil has begun a process to identify sites for the new nuclear power units it plans to have in operation by 2050. The Ministry of Mines and Energy has secured cooperation of specialists at Cepel for a siting study. "An increase in the participation of nuclear energy in the Brazilian energy mix is important... Continue Reading →
(Valor) Potential investors in the offshore wind segment are waiting for the government's regulatory definitions to start projects in the seas of Brazil with the legal certainty characteristic of the electricity sector. The Brazilian Wind Energy Association (Abeeólica) is in a hurry to get the main regulatory guidelines for contracting offshore wind farms out, as... Continue Reading →
Swedish floating wind tech firm Hexicon said Friday its Twin Hub stepping stone project had been awarded a marine license for the installation of an offshore floating wind demonstrator in the Celtic Sea. "Twin Hub floating demonstrator project in the Celtic Sea has now been awarded a marine licence, for a renewable energy test site... Continue Reading →
Equinor and BP on Friday announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1 offshore wind projects. Empire Wind is located 15-30 miles southeast of Long Island and spans 80,000 acres, with water depths of... Continue Reading →
(OE) The Biden administration on Wednesday outlined a range of measures to speed the growth of clean energy on the U.S. power grid, including the government's largest-ever sale of offshore wind leases in waters off the coast of New York and New Jersey. The announcement, which seeks to advance President Joe Biden's ambitious climate change agenda, comes... Continue Reading →
Initiative reinforces the company's commitment to the gas market in Brazil (TN) Repsol Sinopec Brasil signed a sales contract for the Sapinhoá Norte gas with Petrogal Brasil, reinforcing its participation in the natural gas value chain in Brazil. With this contract, which is the first in this modality, the company began marketing this gas as... Continue Reading →
BW Ideol, a company specializing in floating offshore wind solutions has signed an investment agreement with Japan's JERA, and France's ADEME Investissement to create an investment company for financing the co-development of offshore wind projects using BW Ideol’s patented Damping Pool technology over the next 5 years. JERA is Japan’s largest utility company, and ADEME... Continue Reading →
(RE) Hexicon has teamed up with Avapa Energy to form a joint venture in Italy to develop floating wind projects in Italian waters. AvenHexicon is a 50:50 JV, which will have Hexicon license its patented technology for use in projects and for use by third parties. Hexicon said it has been looking for a partner... Continue Reading →
