All Eyes on EU as It Presents Clean Industrial Deal to Future-Proof Energy Sector

(offshoreWIND.biz) The European Union has unveiled the Clean Industrial Deal, a transformational business plan outlining concrete actions to turn decarbonisation into ‘a driver of growth‘ for European industries by supporting renewable energy sources. Specifically, the plan aims to lower energy prices, create ‘quality’ jobs and the ‘right’ conditions for companies to thrive, accelerating decarbonisation while at... Continue Reading →

February 28, 2025 0

Colombia’s first offshore wind energy auction lures global interest

(Reuters) - Companies from around the world have proposed to develop 69 offshore areas in Colombia's first offshore wind energy auction, the South American country's National Hydrocarbons Agency (ANH) said on Thursday. WHY IT'S IMPORTANT The auction is a significant step toward President Gustavo Petro's goal of diversifying the energy sector and reducing dependency on oil and... Continue Reading →

February 27, 2025 0

Iberdrola plays down tariffs impact as slows US renewables projects

(Reuters) - The chief of Europe's largest utility, Iberdrola, said it will not begin any renewables projects in the United States this year, as part of a broader strategy shift unrelated to possible U.S. tariffs that should not impact the company. Executive Chairman Ignacio Galan said on Thursday the company has already secured agreements for its renewable... Continue Reading →

February 27, 2025 0

Wind turbine maker Nordex upbeat on long-term US prospects

(Reuters) - German wind turbine maker Nordex expects continued growth in its U.S. market despite changes to the renewables landscape in the short term, its CEO said after better than expected core earnings. U.S. President Donald Trump suspended offshore leasing for wind power on his first day in office in January, hitting share prices of European players including... Continue Reading →

February 27, 2025 0

CIP to Take Full Ownership of 480 MW Morecambe Offshore Wind Farm in UK

(offshoreWIND.biz) Danish Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure V (CI V), has signed a transaction to take full ownership of the Morecambe offshore wind farm from Cobra Group and Flotation Energy, owned by TEPCO Renewable Power. The financial terms of the transaction are not disclosed. Flotation Energy will remain involved... Continue Reading →

February 26, 2025 0

Apollo to Progress Design for Repurposing of Oil Platforms for Hydrogen Production

Engineering and energy advisory consultancy Apollo has secured Phase 2 concept definition contract from Net Zero Technology Centre (NZTC) for the Hydrogen Offshore Production (HOP2), which aims to progress the design of 500MW offshore hydrogen production facility for HOP2. The second phase of the project builds on Apollo’s earlier work, and aims to further develop... Continue Reading →

February 26, 2025 0

Saipem Reports Growth for Third Consecutive Year

(OE) Energy company Saipem’s performance in 2024 confirms, for the third consecutive year, a trajectory of growth and margin recovery for the group, as well as an acceleration in cash flow generation and the strengthening of the company’s balance sheet. Revenue stood at €14.5 billion in 2024, and EBITDA adjusted at €1.3 billion, corresponding to... Continue Reading →

February 26, 2025 0

First Wind-Powered Offshore Gas Platform Loaded Out in the Dutch North Sea

(OE) The N05-A platform is the first offshore gas platform in the Dutch North Sea to be powered entirely by wind power – harnessing electricity via cable from the nearby 113.4 MW Riffgat offshore wind farm. The platform is part of the GEMS (‘Gateway to the Ems’) project, which focuses on developing field N05-A and other fields in the... Continue Reading →

February 24, 2025 0

Exclusive: BP to ditch renewables goals and return focus to fossil fuels

(Reuters) - BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings, two sources told Reuters. BP's shares have underperformed rivals in recent years and the oil major has already dropped... Continue Reading →

February 24, 2025 0

Petrobras informs about operations with Banco do Brasil

Petróleo Brasileiro S.A. – Petrobras informs that it has signed the following agreements with Banco do Brasil (BB): (i) The contracting of two Export Credit Notes (ECN) with sustainability commitments, one valued at R$ 3.5 billion and the other at R$ 3 billion, both maturing in 2032; (ii) Renewal of a Revolving Credit Facility (RCF)... Continue Reading →

February 21, 2025 0

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Category: Renewables

All Eyes on EU as It Presents Clean Industrial Deal to Future-Proof Energy Sector

Colombia’s first offshore wind energy auction lures global interest

Iberdrola plays down tariffs impact as slows US renewables projects

Wind turbine maker Nordex upbeat on long-term US prospects

CIP to Take Full Ownership of 480 MW Morecambe Offshore Wind Farm in UK

Apollo to Progress Design for Repurposing of Oil Platforms for Hydrogen Production

Saipem Reports Growth for Third Consecutive Year

First Wind-Powered Offshore Gas Platform Loaded Out in the Dutch North Sea

Exclusive: BP to ditch renewables goals and return focus to fossil fuels

Petrobras informs about operations with Banco do Brasil

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