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By Ron Vis and Vincent van Duijvenbode, McDermott (OM) Rising demand for hydrogen as a new clean source of power will drive the emergence of gigawatt-scale green hydrogen production installations close to offshore wind farms. Various pilot projects are under development and early-phase small-scale hydrogen production facilities are being installed in the Dutch North Sea. There... Continue Reading →
(OE) Masdar, the UAE’s clean energy powerhouse, has acquired a 49% stake in the UK Dogger Bank South (DBS) offshore wind projects as part of the agreement with RWE. The partners will now jointly forge ahead with the delivery of these flagship projects. RWE, with a 51% stake, will lead development, construction and operation throughout... Continue Reading →
(GIS) Engie North America secured over $1 billion in tax equity financing from JPMorgan, Goldman Sachs, and BNP Paribas to finance the development of six renewable projects, focusing on diverse U.S. markets under the ERCOT, MISO, and SPP regions, with a combined capacity of 1.3 gigawatts. Engie's involvement in the ERCOT market is important including a collaboration with Schneider Electric on a solar-plus-storage... Continue Reading →
(OE) New York officials on Thursday awarded provisional contracts to two proposed offshore wind projects under a program meant to support the embattled industry and keep the state's clean energy goals on track. The state selected a planned 810-megawatt project, Empire Wind 1, (developed by Equinor) and Sunrise Wind, a planned 924-megawatt project (developed by... Continue Reading →
(As published in the February 2024 edition of Marine News magazine by Eric Haun) “The winds of change are blowing wild and free.” – Bob Dylan In the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have proven... Continue Reading →
(PN) The National Secretary for Energy Transition and Planning of the Ministry of Mines and Energy, Thiago Barral, participated this week in a joint hearing of the Infrastructure Services Commission (CI) and the Senate Environment Commission. At the meeting, he discussed the initiatives of the National Hydrogen Program (PNH2). In his speech, Barral highlighted that... Continue Reading →
(Offahore-energy.biz) The shifting sands of time are bringing winds of change to the global energy landscape in a bid to make it more sustainable, so that, the climate change woes can be tackled before time runs out. This has spurred decarbonization over the years, imbuing it with greater vigor. However, these efforts are not yet... Continue Reading →
(Bloomberg) -- Latin America’s biggest oil company will be more cautious about issuing blockbuster dividends as it moves to become a renewable energy powerhouse, Petrobras Chief Executive Officer Jean Paul Prates said in an interview. In 10 years about half of Petrobras’s revenue will come from wind, solar and renewable motor fuels — and the... Continue Reading →
(Offshore-energy.biz) After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the prior year, said to... Continue Reading →
(Reuters) - French utility Engie (ENGIE.PA), opens new tab has secured more than $1 billion in tax equity financing from JPMorgan (JPM.N), opens new tab, Goldman Sachs (GS.N), opens new tab and BNP Paribas (BNPP.PA), opens new tab to fund six recently announced renewable projects in U.S. markets, the company said on Tuesday. The markets are in the Electric Reliability Council of... Continue Reading →
Brazil Energy Insight 