Oil & gas production uptick sets the scene for ‘solid’ financial performance as Equinor bolsters low-carbon shift with spike in renewables

( Offshore-energy.biz) The Norwegian state-owned energy giant Equinor has managed to maintain a stable net profit in the second quarter of 2024, registering a drop quarter on quarter but a slight increase compared to the same period last year, while the firm continued working on field developments and supplied hydrocarbons to Europe to increase the... Continue Reading →

July 25, 2024 0

EWE, Siemens Energy to build 280 MW green hydrogen electrolysis plant

(Reuters) - Turbine and engine maker Siemens Energy (ENR1n.DE), opens new tab will build a 280-megawatt (MW) green hydrogen electrolysis system for Northern German utility EWE (LANDWE.UL) which is expected to begin operating in 2027, the two companies said on Thursday. The awarding of the contract is one of a flurry of deals after Germany last week... Continue Reading →

July 25, 2024 0

California PUC Sets Out Procurement Path for 7.6 GW of Offshore Wind in Operation by 2037

(offshoreWind.biz) The California Public Utilities Commission (CPUC) has issued a proposed decision that could see the US state running three offshore wind solicitations to procure up to 7.6 GW of installed capacity. The first projects under the proposed procurement timeline would be in operation by 1 June 2035. The proposed decision, issued on 19 July,... Continue Reading →

July 24, 2024 0

Neoenergia reports net profit of R$815 million in 2Q 24

(InfoMoney) Neoenergia (NEOE3) reported an increase in net profit for the second quarter of 2024, recording R$815 million, a growth of 12% compared to the same period of the previous year. The company attributes this result to cost control and optimization of operations. The company's adjusted Ebitda (Earnings before interest, taxes, depreciation and amortization) also... Continue Reading →

July 24, 2024 0

Britain’s Crown Estate Posts Record Profits on Offshore Wind Licenses

(Reuters) Britain’s Crown Estate, which manages King Charles' public property, posted a record profit for 2023/24 of 1.1 billion pounds ($1.42 billion), boosted by income from offshore wind leases, its results showed on Wednesday. The Crown Estate, which comprises tracts of land and most of Britain’s sea bed, is an independently run, commercial business, whose... Continue Reading →

July 24, 2024 0

Windcatcher Receives AIP from DNV

(OE) Wind Catching Systems announced its 40MW Windcatcher design has received approval in principle (AIP) from DNV. The objective of an AIP is to perform a third-party technical evaluation of a design to assess whether there are any conceptual showstoppers or rule compliance aspects that need improvement. As such, a successful AIP indicates the likelihood... Continue Reading →

July 23, 2024 0

Empire Energy and Largo Concrete Cement Offshore Wind Partnership

(OE) Empire Energy's Offshore Division, an offshore wind EPC firm, has partnered with Largo Concrete, a structural concrete contractor, to support the growth of offshore wind sector. The partnership will leverage Empire Energy Offshore's project portfolio and deep industry knowledge alongside Largo’s concrete expertise to drive innovative solutions and sustainable infrastructure in the growing offshore... Continue Reading →

July 23, 2024 0

Portugal plans to raise share of renewables in electricity consumption to 93% by 2030

(Reuters) - Portugal plans to raise the contribution of renewables in electricity consumption to 93% by 2030, as part of its decarbonisation push, according to an updated draft of its energy and climate plan seen by Reuters on Monday. However, the draft proposal plans to lower the 2030 target for the installed capacity of electrolyzers... Continue Reading →

July 22, 2024 0

Cadeler Lines Up OW Turbine Installation Campaign in 2029

(OE) Danish offshore wind installation firm Cadeler has signed a preferred supplier agreement to secure vessel capacity with an undisclosed client, to transport and install offshore wind turbines. The installation campaign is due to commence in 2029 for an undisclosed client and project.t The effectiveness of the agreement is contingent upon the client’s success in... Continue Reading →

July 17, 2024 0

Australia Greenlights 12 Offshore Wind Projects with 25GW Capacity

(OE) The government of Australia has granted 12 feasibility licenses for the Gippsland Offshore Wind Zone, with the potential installed generation capacity of 25 GW. The news follows Australia’s governments move to approve six projects for feasibility studies for the Gippsland area offshore Victoria back in May. According to Chris Bowen, Australia’s Minister for Climate... Continue Reading →

July 17, 2024 0

Blog at WordPress.com.

Up ↑

Category: Renewables

Oil & gas production uptick sets the scene for ‘solid’ financial performance as Equinor bolsters low-carbon shift with spike in renewables

EWE, Siemens Energy to build 280 MW green hydrogen electrolysis plant

California PUC Sets Out Procurement Path for 7.6 GW of Offshore Wind in Operation by 2037

Neoenergia reports net profit of R$815 million in 2Q 24

Britain’s Crown Estate Posts Record Profits on Offshore Wind Licenses

Windcatcher Receives AIP from DNV

Empire Energy and Largo Concrete Cement Offshore Wind Partnership

Portugal plans to raise share of renewables in electricity consumption to 93% by 2030

Cadeler Lines Up OW Turbine Installation Campaign in 2029

Australia Greenlights 12 Offshore Wind Projects with 25GW Capacity

Archives

Contact Us