Scottish INTOG Innovation Projects Clear First Stage with Crown Estate Scotland

(OW) All five innovation projects selected in Scotland’s INTOG (Innovation and Targeted Oil & Gas) leasing round have now signed exclusivity agreements with Crown Estate Scotland, which allows the developers to start offshore wind development work while Marine Scotland’s planning process for the INTOG Sectoral Marine Plan (INTOG SMP) is completed. The INTOG leasing round has three... Continue Reading →

Equinor puts Norwegian Trollvind offshore wind farm on hold

 (Reuters) - Equinor (EQNR.OL) will postpone indefinitely its planned Trollvind floating offshore wind farm project in Norway, the Norwegian energy company said on Monday. "This decision is based on several challenges facing the project, including technology availability, rising cost and a strained timetable to deliver on the original concept," Equinor said in a statement. Equinor initially mooted... Continue Reading →

Shell plans sale of French floating wind power unit Eolfi

(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 →

TetraSpar Demonstrator Launches Floating Wind Innovation Challenge

(OE) The shareholders of the TetraSpar Demonstrator floating wind project, Shell, TEPCO Renewable Power, RWE and Stiesdal Offshore, have launched an innovation challenge to accelerate the technical advancement of floating offshore wind. To encourage such innovation the partners have launched the global “TetraSpar Innovation Challenge”. The aim of the competition is to identify innovative solutions that... Continue Reading →

Blog at WordPress.com.

Up ↑