Poor access to funding and higher costs of capital in developing countries could almost double the prices of e-fuels they produce, compared to developed economies—even when renewable energy resources such as onshore wind and solar are superior, according to a new study.
European ferry shipping executives have called for a significant expansion of funding for shore power infrastructure.
Both renewable-capable vessels and renewable fuels could be available to meet EU 2030 targets but the price gap between fossil and renewable fuels is the major barrier to making decarbonization a reality, new research published by the World Shipping Council (WSC) found.
ECSA European Shipowners and the Shipyards & Maritime Equipment Association of Europe (SEA Europe) have urged the European Commission to include the maritime sector in two of its ‘vital’ strategies aimed at enhancing the competitiveness, sustainability, and resilience of Europe’s transportation indu
With research showing that nine out of ten companies perceive business playgrounds in other countries as better suited for investment and growth, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has warned the UK government about the looming uncertainty surrounding
Singapore’s state-owned energy giant Sembcorp Industries and Malaysia’s state-owned electric utility company Sarawak Energy have entered into a preferred supplier agreement with Italian cabling firm Prysmian for a subsea interconnector cable that would import around 1 GW of green electricity from Sa
Brazil’s Port of Açu and renewable fuels producer Sempen have entered into a land reservation agreement for the construction of a green ammonia plant in the port’s industrial complex in the north of the State of Rio de Janeiro.
Northern Lights JV has signed an agreement with independent research foundation NORSAR to monitor a CO2 storage reservoir in the North Sea, a move expected to enhance commercial opportunities for Northern Lights and Norway. NORSAR will establish and operate a permanent monitoring station near Bergen
The National Grid has awarded contracts to ten suppliers as part of a £59 billion high voltage direct current (HVDC) supply chain framework, setting the stage for the delivery of the required works and equipment for key energy projects across the UK. The HVDC supply chain framework was launched in 2
Scottish transmission system operator (TSO) SSEN Transmission has submitted a planning application for a project that encompasses the construction of the converter station and substation for a subsea link that will connect the Western Isles to the national electricity transmission network for the fi
Governmental and non-governmental stakeholders have highlighted the progress made so far on establishing a green shipping corridor between California and Shanghai. The green corridor plan seems to be unaffected by the escalating United States-China trade war.
After South Korean Taihan Cable & Solution, a consortium of Hellenic Cables and Jan De Nul has signed a framework agreement with National Grid becoming the appointed contractors eligible to participate in future HVDC cable projects across the UK and Europe. The agreement enables the consortium to pa
Partners Group, acting on behalf of its clients, has agreed to sell the 504 MW Greenlink subsea electricity interconnector linking Great Britain and Ireland to Baltic Cable AB and Equitix, valuing the project at an enterprise value of over €1 billion. Partners Group acquired a controlling stake in G
CNOOC has brought on stream two oilfield projects off the coast of China, with the help of so-called intelligent technologies, which are said to unlock the doors of low-emission hydrocarbon development.
