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(OW) The PivotBuoy Project, developed by X1 Wind in collaboration with nine industry and R&D partners, has finalized its offshore demonstration in Spain with what the partners describe as ”excellent results that promise to revolutionize the floating wind industry”. The Spanish firm’s X30 platform was tested in full operational conditions at PLOCAN offshore the Canary Islands... Continue Reading →
(OM) RenewableUK says the total number of floating offshore wind projects has increased over the past year from 230 to 285. The association’s latest EnergyPulse Insights report also found that 227 MW of floating offshore wind are fully operational across 14 projects in seven countries. Norway leads with 94 MW across three projects, followed by... Continue Reading →
(OW) Capital Energy, a renewable energy project developer based in Spain, has submitted applications for environmental assessments for three floating offshore wind farms in Portugal with a total capacity of 2 GW. Named Parque Eólico Offshore Barlavento, Parque Eólico Offshore Carvela and Parque Eólico Offshore Âncora, the first two are proposed to have 40 wind turbines... Continue Reading →
(OE) State-backed export credit agency Export Finance Norway (Eksfin) has provided loan guarantee financing to Spanish energy company Iberdrola, a transaction that supports Norwegian exporters’ participation in the East Anglia Three wind park project in the UK. Through the transaction, Eksfin has provided guarantee financing for the first time to a Spanish energy company and... Continue Reading →
The DemoSATH floating wind technology project in Spain has achieved a significant milestone with the successful installation of its 2MW floating wind platform demonstrator in open sea waters. The operation, carried out by the Windstaller Alliance, used their anchor handling vessel, the Normand Sapphire, along with local tugboats, to tow DemoSATH from the construction site... Continue Reading →
(OE) Spanish renewables energy company Iberdrola has awarded Windar Renovables a contract to manufacture 21 transition pieces for the Windanker offshore wind farm in German waters. Production will be carried out at the Avilés facilities, with the collaboration of a large number of Spanish suppliers in the manufacture of the secondary structure, which will be integrated in... Continue Reading →
(Reuters) Spanish power company Iberdrola on Thursday raised its 2023 profit outlook for the second time after a strong performance in Europe and Britain drove a 21% increase in first-half net profit. The green energy giant is investing heavily in renewable capacity and network assets. It plans to invest 47 billion euros ($52 billion) between... Continue Reading →
(Reuters) - Spanish oil company Repsol (REP.MC) said on Thursday that its adjusted profit fell sharply in the second quarter, dragged by lower energy prices, but came in above analysts' expectations. The adjusted profit for the period was 827 million euros ($917.4 million), down from 2.16 billion euros a year earlier, when oil and gas prices, as... Continue Reading →
(OE) Spanish renewable energy company said Thursday that its first French offshore wind farm has officially started supplying electricity to the grid. Electricity from the Saint-Brieuc offshore wind farm has started feeding into the grid in Brittany for the first time, as the wind farm is connected to the national electricity grid managed by RTE.... Continue Reading →
(Reuters) Spanish utility Iberdrola has signed an exclusive deal with Abu Dhabi's Masdar to develop a 476 megawatt (MW) offshore wind farm in German waters in the Baltic Sea, Expansion newspaper reported on Wednesday, citing unidentified market sources. The Baltic Eagle wind farm being built off Germany's northeastern coast will have 50 wind turbines and is part... Continue Reading →
Brazil Energy Insight 