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(offshoreWind.biz) Iberdrola’s renewable energy development arm in Brazil, Neoenergia, has signed a Memorandum of Understanding (MoU) with the government of Rio de Janeiro state to explore the development of offshore wind projects. Under the agreement, Neoenergia and the government of Rio de Janeiro will carry out studies regarding offshore wind generation in the state’s coastal... Continue Reading →
(Reuters) - Several offshore wind developers are on track to bid in the combined Connecticut-Massachusetts-Rhode Island offshore wind solicitation on Wednesday, including units of European energy firms Iberdrola (IBE.MC), opens new tab, Engie (ENGIE.PA), opens new tab and Orsted (ORSTED.CO), opens new tab. The U.S. offshore wind industry is booming so far in 2024, with several projects in various... Continue Reading →
The Ministry of Mines and Energy (MME) will begin to evaluate the regulation of parameters for the selection of areas destined for offshore wind generation projects, according to the ministry's Secretary of Energy Transition and Planning, Thiago Barral. The executive also said that the ministry will discuss criteria so that the auctions for areas considers... Continue Reading →
(epbr) “We want to install two wind turbines to gain experience, analyze, prepare,” Tolmasquim told journalists during an event this Tuesday. The company has already started conversations with the Union Heritage Secretariat (SPU) for access to the areas. In the case of the Southeast, the location selected for the R&D project is close to Porto... Continue Reading →
Constellation, leader in the offshore drilling market in Brazil, recorded net revenue of US＄552 million in 2023, a growth of 36% compared to the previous year. The result before interest, taxes, depreciation and amortization (Ebitda) was US＄ 185 million, 176% higher than in 2022. The company released its 2023 financial results to the market this... Continue Reading →
(Reuters) The global market for offshore wind projects is improving with governments and companies now offering high enough prices to make projects economically viable, the CEO of Portugal's largest utility Energias de Portugal (EDP) said on Tuesday. Many countries are relying on a huge and rapid build-out of offshore wind farms to meet climate targets... Continue Reading →
(PN) PRIO, one of the largest independent oil and gas companies in Brazil, is celebrating the production results of Campo de Frade, located in the Campos Basin (RJ), which is completing its fifth year of activities with the company. The field was acquired in March 2019. At the end of 2023, PRIO completed the second... Continue Reading →
(Reuters) - Mexican state energy company Pemex hopes to access financing at more favorable rates with a sustainability plan laying out its commitments to bring down emissions, the company's chief financial officer said Monday. Bond investors, which hold the vast majority of Pemex's financial debt, totaling more than $100 billion, have long considered the company... Continue Reading →
(offshore WIND.biz) The award of 1.5 GW of floating wind capacity in Norway, which was planned for this year, will be held in 2025 as the Norwegian government plans to have the subsidy model in place and announced before allocating the Utsira Nord (Utsira North) offshore areas for development. The government says the decision to... Continue Reading →
For the second year running, the company neutralizes "scope 2" emissions associated with energy consumption purchased from suppliers in Brazil. Petrobras has acquired international certificates attesting that 100% of the electricity used in its industrial and administrative operations in Brazil last year was generated from renewable sources. The I-REC (Renewable Energy Certificate) document guarantees that... Continue Reading →
Brazil Energy Insight 