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Market Outlooks

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Ocean Sun's floating solar technology connected to offshore wind turbine in China (Courtesy of Ocean Sun)
Market Outlooks

Ocean Sun boosts third quarter revenues

Norwegian floating solar company Ocean Sun has reported an increase in revenues for the third quarter of the fiscal year 2022, as opposed to the same period a year earlier.

about 3 years ago
Raising UK’s windfall tax could undermine energy security and put oil & gas investments at risk, says OEUK
Market Outlooks

OEUK: Raising windfall tax could put oil & gas investments at risk and undermine UK’s energy security

Offshore Energies UK (OEUK) has warned that the windfall ‘supertax’ proposal risks driving out oil and gas investments from the UK waters.

about 3 years ago
Illustration/Co-location of offshore wind, wave and offshore solar energy (Courtesy of EU-SCORES)
Market Outlooks

In focus: Eye on sustainability at COP27 amidst geopolitical tensions

During the opening of the United Nations Climate Change Conference COP27, currently underway in Egypt, a call to ensure the full implementation of the Paris Agreement echoed once again, as severe geopolitical conflicts and tensions seem to demand actions that are not fully in line with the Paris rul

about 3 years ago
Illustration/Offshore floating solar with offshore wind (Courtesy of SolarDuck)
Market Outlooks

SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

Dutch-Norwegian company SolarDuck has been awarded a contract for the world’s largest hybrid offshore floating solar power plant at the offshore wind park Hollandse Kust West VII in the Netherlands.

about 3 years ago
New action plan comes into the limelight to accelerate decarbonisation
Market Outlooks

New action plan comes into the limelight to accelerate decarbonisation

With COP27 in full swing, governments have set out an action plan to scale up decarbonisation efforts, says IRENA.

about 3 years ago
SeaRAY ready for transport to San Diego, ahead of loading to Hawaii-bound ship (Courtesy of C-Power)
Market Outlooks

SeaRAY autonomous offshore power system set for final journey to Hawaii

US-based marine energy company C-Power has prepared its SeaRAY autonomous offshore power system (AOPS) for shipping to Hawaii, where it will undergo a demonstration at US Navy’s wave energy test site.

about 3 years ago
COP27 brings another call for international framework to end fossil fuel era
Market Outlooks

COP27 brings another call for international framework to end fossil fuel era

Tuvalu becomes the second nation-state to call for an international mechanism to phase out fossil fuels and enable transition to renewables.

about 3 years ago
Resen Waves’ Smart Power Buoy (Courtesy of Resen Waves)
Market Outlooks

Resen Waves to supply wave energy tech for CCS project monitoring

Danish company Resen Waves has joined the Greensand carbon capture and storage (CCS) project to develop small-scale wave energy buoys that will be used for monitoring activities.

about 3 years ago
Lir NOTF test facility (Courtesy of MaREI)
Market Outlooks

ProtoAtlantic sets up free access to Lir NOTF for offshore renewable energy startups

ProtoAtlantic project has launched a new program that will enable free access to the facilities of Lir-National Ocean Test Facility (Lir NOTF) for offshore renewable energy startups across the Atlantic Area.

about 3 years ago
Illustration (Courtesy of EU-SCORES)
Market Outlooks

Co-location of offshore wind, wave and floating solar could lead to ‘unprecedented’ LCOE reduction, report finds

Co-location of offshore wind, wave and offshore solar energy in multi-source energy parks could lead to unprecedented reduction of levelized cost of electricity (LCOE), according to a new report by EU-SCORES project.

about 3 years ago
Wisting project in the Barents Sea - Equinor
Market Outlooks

Investment decision for Barents Sea project postponed amid cost growth in supply industry

Equinor and its Wisting project partners have decided to postpone the investment decision scheduled for December 2022.

about 3 years ago
Illustration/Andritz tidal turbine for MeyGen project (Courtesy of SIMEC Atlantis)
Market Outlooks

SIMEC Atlantis appoints MeyGen chief as tidal power project makes progress

SIMEC Atlantis Energy has made ‘good progress’ in the delivery of its commercial-scale tidal energy array at MeyGen site in Scotland.

about 3 years ago
Canadian LNG exports to Asia could cut emissions by the equivalent of removing all vehicles from Canadian roads, new study shows
Market Outlooks

Canadian LNG exports to Asia could cut emissions by the equivalent of removing all vehicles from Canadian roads, new study shows

Canadian liquefied natural gas (LNG) exports to Asia could reduce annual emissions by the equivalent of removing every single car from Canadian roads, according to a new study from energy research and consultancy firm Wood Mackenzie. The study, commissioned by the Canadian Energy Centre, coincides w

about 3 years ago
Wood Mackenzie: Gulf of Mexico can be frontrunner in offshore CCS projects
Market Outlooks

Wood Mackenzie: Gulf of Mexico can be frontrunner in offshore CCS projects

Carbon capture and storage (CCS) projects in the Gulf of Mexico could play an important role in meeting U.S. greenhouse gas emission reduction goals, however, many challenges remain, according to a report by Wood Mackenzie. There are currently 22 CCS projects in the U.S., accounting for 19% of globa

about 3 years ago
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