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(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 →
(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 →
(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 →
(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 →
(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 →
(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 →
(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 →
(TN) The World Bank Group released today 16/07, a study on "Scenarios for Offshore Wind Development in Brazil" based on analysis by DNV, an independent global expert in energy and risk management. This report is part of a series of offshore wind roadmap studies commissioned by the World Bank Group (WBG) under the Offshore Wind... Continue Reading →
(TN) Bill (PL) No. 2,038/2023, which creates the legal framework for low-carbon hydrogen, was approved by the Chamber of Deputies. Now, the text goes to President Lula for sanction. The Bill provides for the National Low Carbon Emission Hydrogen Policy – coordinated by the Ministry of Mines and Energy (MME) – and establishes incentives to... Continue Reading →
( latingulf.ae ) Brazil’s Remarkable Achievement In a world where sustainable energy is gaining prominence, Brazil stands out as a shining example. According to the latest findings from the global energy think tank Ember, Brazil achieved an astounding 89% of its electricity generation from renewable sources in 20231. This impressive feat places Brazil at the forefront... Continue Reading →
Brazil Energy Insight 