The fourth round of the Contracts for Difference (CfD) scheme has seen the first-ever tidal stream auction winners – Orbital Marine Power, SIMEC Atlantis Energy, and Magallanes Renovables – who will together generate over 40MW of clean power from tides for British homes and businesses.
The biggest ever round of UK government’s flagship renewables auction scheme has secured record capacity of almost 11GW of clean energy, to be delivered across a range of clean technologies, including offshore wind, solar, onshore wind, and for the first time ever – floating wind and tidal energy.
The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.
Westwood forecasts that Norway will continue to lead the way with low emissions intensity and electrification projects.
Sustainable Marine has formed a strategic partnership with Portugal’s blueOASIS to develop a range of ‘SIDS-appropriate’ marine renewable energy solutions that can help unlock the vast ocean energy potential of Small Island Developing States (SIDS).
Wave Energy Scotland (WES) has embarked on a market probing exercise into the techno-economic benefits of shared services and infrastructure for wind and wave energy generation technologies and projects.
Europe’s largest renewable energy generator Statkraft has issued a notice to proceed with the installation of additional floating solar units for the project in Albania, which also involves technology supplier Ocean Sun.
Norway’s government has devised a plan to ramp up output at several fields to maintain high gas exports to Europe and meet the growing demand.
Helix Energy Solutions has completed the acquisition of Alliance, enabling it to expand its decommissioning presence in the Gulf of Mexico.
More efficient power sector in the Middle East and Africa could unlock higher volumes of natural gas for export, says the IEA.
Marine Energy Wales, the industry association for Welsh marine energy, has secured a new three-year grant from the Welsh government to support its work until 2025.
Despite the domestic supply shortage, oil exports from the U.S. Gulf Coast are positioned to reach the highest level in Q2 of 2022.
Scottish company Orbital Marine Power has completed the operational finance of the world’s most powerful tidal turbine, securing £8 million (€9.2 million) via the Scottish National Investment Bank and individual investors.
The merger between Aker BP and Lundin’s E&P business has been completed, creating the largest listed E&P firm focused exclusively on the NCS.
