In the first volume of the World Energy Transitions Outlook (WETO) 2023, the International Renewable Energy Agency (IRENA) calls for annual renewable power additions of 1,000 GW by 2030 to keep the 1.5°C climate target within reach. More specifically, IRENA identifies the way forward to immediately
Orkney-based Green Marine has secured financing from Siemens Financial Services (SFS) with the aim of growing its offshore renewables offering. Green Marine stated that it was seeing a rapid growth opportunity driven by a massive increase in global interest in green energy sources and many businesse
Subsea 7’s offer to acquire the entire issued share capital of Norway’s DOF Group is expiring at the end of today, 19 June, after the rejection from DOF’s board. Subsea 7 made a proposal on 15 June to the Board of Directors of DOF to acquire the entire issued share capital of the group, offering [&h
According to the “Stick or twist: Should gas resource holders target LNG exports or blue ammonia?” report by energy intelligence group Wood Mackenzie (WoodMac), the acceleration of the energy transition means gas resource holders increasingly face a choice to either follow the established pathway an
This time last year, the world, especially Europe, was busy as popcorn on a skillet trying to secure energy supplies and balance net-zero targets with the global energy crisis hot on its heels. This prompted governments, policymakers and industry players to transform strategies and ramp up investmen
Hitachi Energy has secured a contract with Spanish and French electricity transmission operators to supply HVDC converter stations for the first subsea electricity interconnection between France and Spain. The contract for the Biscay Gulf interconnection has been awarded by Electricity Interconnecti
SolarDuck has signed a letter of intent with subsidiaries of Tenaga Nasional Berhad (TNB), the largest utility in Malyasia, to develop a 780kW offshore floating solar plant off the coast of Tioaman island.
Large energy consumers, renewable energy producers and other members of the energy industry and its supply chain have in a joint letter urged for the faster final adoption of the revised EU’s Renewable Energy Directive.
Classification society DNV has verified the safety of all aspects of Project Greensand’s CO2 storage in the North Sea. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in the Nini field in the Danish North Sea. The
Norwegian wave energy company Havkraft and Indian independent power producer Opera Energy have entered into strategic agreement to investigate the potential for the deployment of wave energy farms across various sites in India.
South Korea’s shipbuilder Samsung Heavy Industries (SHI) has revealed plans to establish a new research and development (R&D) center in Busan as part of its strategy to enhance its marine engineering expertise and design capabilities. The company signed an investment memorandum of understanding (MOU
Irish fintech company Exceedence, which has developed a software to speed up the rollout of offshore wind, wave and tidal energy projects, has unveiled plans to launch a crowdfunding campaign on Seedrs platform.
US-based marine energy company C-Power has completed the preliminary trials of its SeaRAY autonomous offshore power system (AOPS), that will soon be deployed for a six-month pilot project at the US Navy’s Wave Energy Test Site (WETS) off the Hawaii coast.
The government of Alderney has invited global tidal energy developers to submit proposals on how they would harness the estimated 3GW of tidal energy resources around the northernmost Channel island.
