UK (and Norwegian) taxpayers are largely footing Equinor’s wind-energy success by helping the offshore oil, gas and renewables player operate a healthy profit and hand out dividends, Norwegian news reports have been trumpeting of late.It was Stavanger Aftenblad…
Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers. By including so-called…
Europe installed a record 3.6 gigawatts (GW) of offshore wind capacity in 2019 but a much sharper rise is needed for the bloc to meet its climate targets, industry group WindEurope said on Thursday. Europe announced plans last year for a green deal to set a target of net-zero emissions by 2050…
Vestas, in the midst of its busiest period on record, said on Wednesday sales would continue to rise this year driven by healthy demand for its wind turbines. Demand for renewable power has been growing in tandem with global efforts to combat climate change…
Offshore wind farm developer Orsted has set out a plan to work with its service suppliers to decarbonize the supply chain by 2040. The move follows the Danish company's last week's commitment to becoming carbon neutral by 2025, and becoming…
Singapore based offshore service provider Kim Heng Offshore & Marine has won a contract for the installation of horizontal directional drilling (“HDD”) conduits for an offshore wind project in Taiwan.Kim Heng said Tuesday that the contract was…
Marubeni Corp and its partners have signed a project finance agreement with banks to build and operate offshore wind farms in northern Japan, the Japanese trading house said on Monday. Marubeni said the 100 billion yen ($921 million) plan to…
Poland's biggest oil refiner PKN Orlen plans to select a partner in the first quarter for its first wind farm project in the Baltic Sea, Deputy Head Patrycja Klarecka said on Thursday. For coal-reliant Poland, offshore wind, together with other renewables…
Orsted, the world's largest offshore wind farm developer, exceeded its own full-year core profit expectations on Thursday on the back of strong generation from its wind farms but said it expected this year's result to be slightly lower.Its 2019 earnings before interest…
Dutch offshore installation company and Estonian wind farm developer Saare Wind Energy have teamed up to develop the Saaremaa offshore wind farm in Estonia's part of the Baltic sea.Saare Wind Energy started the development of the project in…
Norwegian shipbuilder Ulstein has floated out the hull of a wind farm support vessel it is building for Bernard Schulte.The service operation vessel (SOV), yard number 315 at Ulstein Verft, was floated out from the yard’s dock hall on Sunday afternoon…
A vessel remotely operated from shore performed survey work for a wind farm in the sea off Suffolk, UK, reportedly marking a first for the offshore wind sector.The XO-450 unmanned surface vessel (USV), owned and operated by XOCEAN, carried out…
A flurry of North Sea and North American offshore substation awards culminated Thursday in a contract award to GE Renewable Energy’s Grid Solutions business from EDF Renewables and ESB for their Neart na Gaoithe offshore wind project.GE said…
Mayflower Wind Energy has hired a Semco-Bladt joint venture to build and deliver a substation for the Mayflower Wind project offshore Nantucket, Massachusetts.Bladt Industries and Semco Maritime have formed a joint venture for the design and construction of the 1…
Siemens Gamesa Renewable Energy (SGRE) has announced that in less than a year, and aligned to its commitment to sustainability it has accumulated €1.72 billion ($1.9Bn) in green guarantee lines.'SGRE is moving forward in its strategy of making…
Subscribe
