French oil major TotalEnergies third-quarter profit hit a three-year low of $4.1 billion on Thursday, slightly missing expectations as refining margins and upstream outages dragged down earnings.Adjusted net income was down 37% from a year earlier and 12…
When damaged yaw brake discs were preventing numerous wind turbines from operating in optimum conditions, their operator was looking for an economical maintenance service that would ensure the turbines’ availability. Svendborg Brakes, a Regal Rexnord Brand…
The Danish Energy Agency has granted RWE the offshore construction permit for 1.1 GW Thor offshore wind farm, marking the final authorization ahead of construction start set for spring 2025.Good progress is already being made on land, with the…
Acteon, through its moorings and anchors business line, InterMoor, and Applied Fiber have signed a Memorandum of Understanding (MoU) to collaborate on mooring solutions for various global offshore markets, from oil and gas to gigawatt-scale floating offshore wind…
Ørsted has signed a partnership agreement with Brookfield, its institutional partners, and its listed affiliate Brookfield Renewable, for the sale of 12.45% stakes in four of its operational U.K. offshore wind farms, with a combined capacity of approximately 3…
HydroWing, tidal energy division of Inyanga Marine Energy Group, has signed a binding agreement with PLN’s Subholdings to develop plans for plans for the first tidal current power plant in Indonesia.The 10 MW tidal energy project is planned…
RWE has launched the SeaMe project in partnership with leading scientists to gain better understanding of the interactions between offshore wind farms and the ecosystem through the use of scientific approach combined with new AI-based and CO2 minimizing monitoring technologies…
The European Investment Bank (EIB) and Elia Transmission Belgium (ETB) have signed a $704 million (€650 million) green credit facility agreement, earmarked for the realization of the first phase of the Princess Elisabeth Island project.The Princess…
Van Oord has installed over a quarter of the foundations which will support Sofia offshore wind farm’s 100 wind turbines in the North Sea since the start of operations in May.The Dutch contractor Van Oord is using the Port of Tyne’s Clean Energy Park as a storage and marshalling base…
Belgium-based offshore installation services company DEME has secured a contract, worth up to $320 million, to carry out the transport and installation works for the inter-array cables and secondary steel for the OranjeWind offshore wind farm in the Netherlands…
Avangrid, the U.S. unit of Spain's Iberdrola, has closed the sale of Kitty Hawk North offshore wind lease are to Dominion Energy for approximately $160 million.The sale price consists of a lease acquisition payment of $117 million and associated development cost reimbursement to Avangrid…
Inyanga Marine Energy Group has launched a crowdfunding round to advance the development of its HydroWing tidal energy technology and projects.The crowdfudnign campaign has been opened in partnership with Crowdcube.HydroWing aims to unlock the…
Equinor reported a sharper-than-expected 13% decline in third-quarter profit on Thursday, hit by weaker oil prices and lower production, and cut its full-year outlook for capital expenditure and renewable energy production growth.The Norwegian…
Independent energy expert and assurance provider DNV has been appointed to perform technical due diligence to help unlock the financing of eight offshore wind projects on the United States’ Atlantic Coast.The technical due diligence DNV is providing…
After more than years of continuous monitoring, no collisions between the TetraSpar floating offshore wind turbine and birds have been recorded at the deployment site at the Marine Energy Test Centre (METCentre), off the coast of Norway.Norwegian…
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