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(OE) North Star has launched a partnership which includes MO4, Principle Power, SMST, Vard, and Voith Group to fast-track the development of high-performance operations and maintenance ships tailored for floating offshore wind farms. The companies have signed a memorandum of understanding (MoU) to establish a dedicated working group of industry experts to help fast-track the... Continue Reading →
(OE) Schottel Marine Technologies has released a report highlighting the potential of its Swift Anchor technology, which found it could deliver up to 12% of Levelised Cost of Energy (LCoE) savings for floating wind farms. The study was carried out in collaboration with London Marine Consultants (LMC) and BVG Associates (BVGA). The 12% LCoE savings... 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 →
Three new floating offshore wind projects have signed contracts with Norway's test facility METCentre to trial new technologies aimed at reducing costs of floating offshore wind. The companies that have signed with METCentre will demonstrate floaters with 15 + MW turbines. This is the turbine size that will be relevant for future floating offshore wind... Continue Reading →
(Zacks) TotalEnergies SE TTE unveiled its long-term strategy and outlook, reaffirming the need for a balanced multi-energy strategy considering the developments in the oil, gas and electricity markets. Given the ongoing transition in the energy space, the company will generate more clean electricity from renewable sources.TotalEnergies plans to increase its global energy production by 4% per... Continue Reading →
(TN) The Minister of Mines and Energy, Alexandre Silveira, announced the availability of approximately R$6 billion in investments for decarbonizing the industry through hydrogen hubs around the world. The initiative is in partnership with the Climate Investment Funds (CIF). The international fund will provide low-cost financing to leverage projects in the sector. The announcement was... Continue Reading →
(Reuters) - BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said. When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40%... Continue Reading →
(Reuters) The Norwegian government proposed on Monday to offer up to 35 billion Norwegian crowns ($3.29 billion) in subsidy payments in the country's first commercial floating wind power tender, in line with a compromise reached earlier this year. "Norway has enormous potential for floating offshore wind on its continental shelf, but because the technology is... Continue Reading →
(OE) Equinor has acquired a 9.8% stake in Ørsted, becoming the second largest shareholder in the company after the Danish State, which holds a controlling stake. Equinor's ownership position has been built over time, through a combination of market purchases and a block trade. The current market value of Equinor's holding in Ørsted is around... Continue Reading →
(Reuters) - Latin America's wealth of hydroelectricity and other renewable energy resources could make the region a major producer of clean hydrogen as the world seeks alternatives to fossil fuels to fight the climate crisis, but some big hurdles lie in the way. Government leaders expect a major boon for the region from clean hydrogen,... Continue Reading →
Brazil Energy Insight 