The cost of renewable energy sources is undercutting that of new and some existing coal-fired power plants, a report by the International Renewable Energy Agency (IRENA) showed on Tuesday.Due to cheaper renewable energy, up to 800 gigawatts…
Tekmar Energy said Monday it had secured multiple Cable Protection System (CPS) supply contracts to protect over 1,200MW of new offshore wind generating capacity in China.The contracts will see Tekmar Energy engineer, manufacture, and supply…
DNV completed a concept verification review of Odfjell Oceanwind’s WindGrid (WindGrid) system for Mobile Offshore Wind Units (MOWUs). DNV’s review confirms the technical feasibility of the WindGrid system, and that expected reductions in CO2…
Operators have called for greater certification and ‘provenance’ of oil and gas production and encourage competition when it comes to lowest emission barrels as they position their businesses to align with the energy transition.Speaking at the…
Petrofac, a company for years known as simply an oilfield services provider, is transforming into an energy services firm with increasing involvement in the offshore wind business in recent years.To support its growth and offering in the new and renewable energy sectors…
Equinor will increase the share of investment it dedicates to renewable energy and so-called low-carbon solutions as it seeks to broaden its business, the Norwegian oil and gas producer said in a strategy update on Tuesday.The majority state-owned firm…
Mocean Energy said Monday it had started testing its Blue X wave energy prototype at the European Marine Energy Centre (EMEC) in Orkney, Scotland, with the device currently generating power. “In the last few days the 20-meter long, 38-tonne…
The Biden administration on Friday said it was seeking buyers for offshore wind energy leases in the shallow waters between Long Island and New Jersey as part of its effort to ramp up the share of offshore wind generation over the next decade…
Wave energy technology company Eco Wave Power said Monday that one of its wave energy conversion units had arrived on site at the Port of Jaffa, Israel.With preparations underway for the unit's installation the project is proceeding on schedule…
Oil giant BP, working to reimagine itself and become a wider energy company, has joined Statkraft and Aker Offshore Wind in a consortium bidding to develop offshore wind energy in Norway.The partnership – in which bp, Statkraft and Aker Offshore Wind will each hold a 33…
Norway is betting on hydrogen and offshore wind for its energy transition but will continue to extract oil and gas until 2050 and beyond, the center-right government said as it presented its long-term energy strategy on Friday.Europe's second…
European Union countries on Monday approved the bloc's flagship fund to wean them off fossil fuels and protect communities most affected, paving the way for members to start receiving the cash.The 17.5 billion euro ($21.27 billion) Just Transition…
Moray East offshore wind farm in the Moray Firth, Scotland, on June 4 exported its first power to the national grid via its new substation south of New Deer in Aberdeenshire.The 950MW wind farm is being developed by Moray Offshore Windfarm East Ltd (MOWEL)…
Swedish energy company Vattenfall has installed all 72 turbines at its Kriegers Flak offshore wind farm in Denmark.According to Vattenfall, Kriegers Flak will be Denmark's largest offshore wind farm. The 72 Siemens Gamesa offshore wind turbines…
Hitachi ABB Power Grids today launched a portfolio of transformer products to be installed on floating offshore substations and floating wind turbines in deep waters, where traditional solutions are not feasible.According to the company, its…
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