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The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie. “After needing more than 40 years to reach one TW of installations, the wind industry will reach the next TW of installations within the next eight... Continue Reading →
(Reuters) - Spanish power company Iberdrola (IBE.MC) will seek to expand in the United States and take advantage of its green subsidies after announcing the sale of gas assets worth $6 billion in Mexico, Chief Financial Officer Jose Sainz said on Wednesday. The sale significantly reduces the renewable energy giant's exposure to Mexico, where its relationship with... Continue Reading →
(OE) Barcelona-based floating wind technology firm X1 Wind said Tuesday that its X30 floating wind prototype, installed in the Canary Islands, Spain, has produced its first kWh. The company said the milestone marked the world’s only floating wind platform currently installed with a TLP mooring system. This is also Spain’s first floating wind prototype to... Continue Reading →
(Reuters) - BP (BP.L) said on Tuesday it plans to invest up to 2 billion euro ($2.12 billion) by 2030 in its refinery in Spain to produce low-carbon hydrogen and biofuels. The British company aims to develop a large plant to produce 2 gigawatts (GW) of green hydrogen, which is produced by splitting water using renewable energy,... Continue Reading →
(Reuters) - Spain's government on Tuesday approved its first ever delimitations for where wind farms can be developed off the country's coast, a significant step towards developing the offshore sector. Prime Minister Pedro Sanchez's cabinet approved a decree that allows for the development of offshore wind parks on 5,000 square km of maritime territory in... Continue Reading →
Brazil Energy Insight 