The article is written by FICEP Group. Wind energy is certainly one of the key drivers for reducing CO2 emissions by 2050. To move towards this horizon, many nations are investing significant capital in the construction of onshore and offshore wind farms: the developers of these farms rely on compan
The jury is still out on the fuel choice for a series of twenty new vessels the Singapore-based container shipping major Ocean Network Express (ONE) has on order. “We haven’t made a decision yet on which technology to choose. The jury is still out and like the rest of the industry we are very intere
The developers of FloWatt tidal energy project – Qair, HydroQuest, and Constructions Mécaniques de Normandie (CMN) – have hailed the French government’s investment in what is to become the world’s largest tidal energy farm.
Italian cabling giant Prysmian has renewed its €1,000 million long-term revolving credit facility, including environmental and social KPIs among the parameters that determine the financing conditions. Prysmian reported on 13 July that it had signed the renewal of the €1,000 million long-term revolvi
Australia’s Port of Newcastle has formalized 30 partnerships with domestic and multi-national organizations aimed at advancing the port’s plans of regenerating a 220-hectare parcel of industrial wasteland into a dedicated Clean Energy Precinct. The once-in-a-generation project is one of two key deve
Engineering and technology company Technip Energies has invested in Evok Innovation’s Fund II, a cleantech fund that invests in and supports hard-tech development and focuses on next-generation sectors such as low-carbon hydrogen, carbon capture and removal, electrification and critical minerals. Ac
The University of Edinburgh’s Policy and Innovation Group has released a new report which quantified the specific policy support mechanisms, and the associated costs, that will be required to accelerate the wave and tidal stream energy sectors towards commercial deployment.
Saudi Arabia and France have agreed to strengthen their cooperation in the field of energy, acknowledging that energy is one of the main pillars of their mutual long-term partnership. The two countries affirmed their commitments by signing a Memorandum of Understanding (MoU) on 2 February 2023. Both
Israel’s Energy and Infrastructure Ministry is planning to construct a 150-kilometer submarine cable along the country’s Mediterranean coast that will connect to Europe with the possibility to connect to Gulf countries. Israeli State Council for Planning and Construction announced on 4 July it will
The government of France has committed to provide at least €65 million of funding and dedicated revenue support for the pioneering tidal energy farm FloWatt, in an effort to support the commercialization of tidal energy industry.
In Europe, we have been seeing an increasing amount of climate change evidence that makes us reconsider our outfit choices every day and if (not) bringing an umbrella was the right thing. A not-so-snowy winter, no nice spring weather, a lot of summer rain in Southeastern and Central Europe, but very
The U.S. Department of Energy (DOE) has released a Notice of Intent (NOI), which includes a Request for Information (RFI), to invest up to $1 billion in a demand-side initiative to support the Regional Clean Hydrogen Hubs (H2Hubs). Funded by President Biden’s Bipartisan Infrastructure Law, the H2Hub
Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) has become a strategic investor in the EuroAsia Interconnector that will link Greece, Cyprus and Israel with the acquisition of a 25 per cent stake. IPTO’s entry into the share capital of EuroAsia Interconnector
Once Denmark achieves its 2030 target of being 100 per cent powered by renewables, the plan is to have backup capacity from hydrogen and energy storage, according to Hanne Storm Edlefsen, Vice President of Energy Islands at Energinet.
