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Offshore Wind Power
Cost Of North Sea Energy Island Could Reach 7 Billion Euros, Far Exceeding Initial Estimates
The cost of the Princess Elisabeth energy island in the North Sea could soar to 7 billion euros, significantly higher than the initial estimate of 2.2 billion e…
Hydrogen Project
Germany Approves $20.5 Billion Hydrogen Push
Germany’s government has approved plans for the development of a hydrogen network that would cost 19 billion euros, equivalent to $20.5 billion.The plan w…
Decarbonization
Iberdrola Profit Jumps 50% As Focus On US, Britain Pays Off
Europe's largest utility Iberdrola (IBE.MC), opens new tab posted on Wednesday a 50% increase in net profit for the first nine months of the year, in a sign…
Oil & Gas Supply
India's Diesel Consumption To Rise 3%-4% In Current Fiscal Year, Says Indian Oil Chair
A worker fills diesel in a container at a fuel station in Kolkata, India, February 1, 2018. REUTERSIndia's annual diesel consumption is expected to rise by …
Electric Vehicles
Romanian Shipyard VARD Tulcea Builds EUR 320 Mln Cable-laying Vessel For Prysmian
Romanian shipyard VARD Tulcea, part of the world leading shipbuilder Vard Group owned by Fincantieri, will build a EUR 320 million cable-laying vessel for Prysm…
LNG
Chinese Player Entrusted With Flagship FLNG Project Unlocking ‘Stranded’ Offshore Gas Fields in Oceania
Wison's existing 1.3 mtpa FLNG model (for illustration purposes); Source: Wison New EnergiesWison New Energies (WNE), a China-based provider of clean energy…
Offshore Wind Power
France Unveils Plans for 9.2GW Offshore Wind Tenders
France is gearing up to launch tenders for two fixed and three floating offshore wind farms, totalling 9.2GW, in the autumn and winter of 2024/25, Reuters has r…
Hydrogen Production
Spain’s Enagas Cuts Debt as It Prepares for Hydrogen Investments
Spanish gas grid operator Enagas (ENAG.MC), said on Tuesday its net debt was on track to reach its lowest since 2008 as it prepared to invest billions of euros …
Green Hydrogen
Repsol Freezes Green Hydrogen Projects in Spain
Spanish oil major Repsol (REP.MC),has put on hold planned green hydrogen projects in Spain with an electrolysis capacity of 350 megawatts (MW) due to an unfavou…
Finland
ABB’s Porvoo Factory Achieves Carbon-Neutral Operations
ABB’s manufacturing facility in Porvoo, Finland, has attained carbon-neutral status by utilising 100% renewable energy sources.The site, which produces wiring …
Power Cable
Tennet Launches €3 Million Offshore Cable Survey Tender
Dutch offshore transmission system operator (TSO) TenneT has opened an application period for a €3 million tender for surveys of cables installed in the Du…
Oil & Gas Trade
Rockhopper Wins Extension for Falklands Assets as It Sheds Two Italian Ones
According to Rockhopper, the insurance policy will enable the combination of the second tranche payment and the insurance payout to leave the firm with €31…
Energy Transition
Snam to Invest €14.5BN in Gas Grid for Green Fuels Transition
talian gas grid operator Snam has announced a significant investment of €14.5bn ($15.72bn) to adapt its infrastructure for the energy transition.This inves…
Nuclear Reactor
Constellation Orders Transformer to Revive Three Mile Island Nuclear Plant
Constellation Energy has placed an order for a main power transformer valued at $100m, advancing the revival of the Three Mile Island nuclear reactor in the US …
Decarbonization
UK Backs Green Shipping Corridor Projects With Fresh Funding
The UK Government has decided to award funds for new green shipping corridor projects that could boost the use of sustainable fuels, secure more green jobs, and…
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