Tuesday, April 7, 2020

European Commission News

North Sea Countries to Boost Offshore Wind

Image: WindEurope

Energy Ministers from North Seas countries met yesterday (December 04) in Brussels and agreed their 2020 Work Program on offshore wind deployment as a means of reaching climate neutrality by 2050.The 10 North Seas Energy Cooperation countries – Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands…

EU Targets 450 GW Offshore Wind by 2050

Image: WindEurope

The EU Commission’s big goals for offshore wind – between 230 and 450 GW by 2050 – are achievable provided the right investments in electricity grids and Governments take the right approach to maritime spatial planning, said a report.According to the WindEurope report examines where 450 GW of offshore wind could be deployed most cost-effectively around Europe…

Europe's Wind Industry Needs More Sea Space

© Phil Bird / Adobe Stock

The European offshore wind industry needs an area equivalent to the size of Ireland to install enough turbines to reach carbon neutrality by 2050, a target for most EU members, a leading industry group said in a report.Fighting climate change is a top priority for the European Commission's new head Ursula von der Leyen…

OES: Surge in Tidal Energy in 2020

Henry Jeffrey  (Photo: OES)

The last annual report issued by Ocean Energy Systems (OES) highlights significant international investment including $25m pledged by the US Department of Energy (DOE) to support 12 ‘next-generation’ marine energy projects and Wave Energy Scotland committing $9.9 million in two wave energy machines next year.“In…

First WindFloat Atlantic Unit Sets Sail

Image: Repsol

The first of the three floating platforms for the 25-MW WindFloat Atlantic project has sailed from Spain carrying a fully installed turbine to a location 20 kilometers (12.43 miles) off the coast of Viana do Castelo, Portugal.Once at the final location, the three floating structures – stretching 30 meters in…

EU/IMO Project Drives Energy Efficiency

Image:  International Maritime Organization (IMO)

A global network of maritime technology cooperation centers has completed an impressive array of pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping.Five regional Maritime Technology Cooperation Centres (MTCCs) have been established…

OGCI Invests in Wind Power for Ships

Pic: Norsepower Oy Ltd

OGCI Climate Investments has led an EUR 8 million investment round in Norsepower, along with current investors, to accelerate Norsepower’s growth on global markets.The investment enables Norsepower to scale up production at its manufacturing facilities as part of a next phase of commercialization triggered by demand for its renewable wind energy propulsion systems…

EU Threatens Turkey with Sanctions over Cyprus Drilling

Turkey's Energy Minister Fatih Donmez speaks at a drilling launch event in late 2018. Donmez said the country would continue its offshore drilling exploration activities as part of Turkey's aim to be energy independent. (Photo: Turkey Ministry of Energy and Natural Resources)

The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's "illegal" drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further, a draft statement seen by Reuters shows.In trying to take Ankara to task over what the EU sees as Turkish interference with Cyprus' exclusive economic zone…

EuroAsia Still on PCI List

Image: EuroAsia Interconnector

The EuroAsia Interconnector, the Israel-Cyprus-Greece electricity link remains on the official list of European projects of common interest (PCI) making it eligible to receive some €300 mln in EU grants for the Crete-Attica sector of the cable.The EuroAsia Interconnector remains committed to the timely implementation of the project…

EU: New Rules Apply to Nord Stream 2

© Nord Stream 2 / Axel Schmidt

The European Union executive on Thursday said its stance on Nord Stream 2 is law and will not change, despite receiving letter from the gas pipeline threatening legal action if it is not exempt from new energy rules.The bloc amended its energy rules to ensure they would apply to the 11 billion euro ($12 billion) project to build a gas pipeline from Russia to Germany that has come un

Polish LNG Terminal Gets EU Grant

Image: Polskie LNG

Poland’s LNG import terminal in Świnoujście will receive a EUR128mln grant from from the European Regional Development Fund and the Cohesion Fund to expand its regasification capacity.The European Commission said in a notification that it has approved plans to support the increase of the regasification capacity…

Partners Group invests in Greenlink

Marine survey work starts for Greenlink interconnector. Image : MV Franklin ( © MMT Sweden)

Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector,  the subsea connection between Wales and Ireland in exchange for a stake in the scheme.To-date, Greenlink has been developed by Element Power, an independent renewable energy developer, which, together with funds managed by Hudson Sustainable Investments…

EC Probes E.ON-Innogy Merger

Image: Innogy SE

The European Commission has opened an in-depth investigation into German utility E.on's  takeover of certain assets from domestic Innogy, saying the transaction may lead to higher prices for consumers.The deal, which is worth a reported €43 billion ($48 billion at today's conversion rate), includes Innogy's distribution and consumer solutions business…

Spliethoff Gets Green Loan From ING, EIB

Pic: Spliethoff

Dutch banking group ING and the European Investment Bank said they will provide a EUR 110 million ($123 million) loan to Dutch ship management firm Spliethoff’s Bevrachtingskantoor B.V. for retrofitting vessels with exhaust gas cleaning systems.According to a European Commission press release, Spliethoff will…

France to Test Floating Wind Turbines

© Fokke / Adobe Stock

The European Commission said on Monday it had authorized French subsidies to four offshore wind farm projects which are aimed at testing a new way of producing electricity from wind.The EU competition regulator said in a statement that the state aid was in line with EU rules as it was proportionate and could help develop a new type of technology to produce renewable energy.Three of

RWE Submits E.on-Innogy Acquisistion Deal for EC Clearance

Image: RWE AG

German energy group RWE AG announced that it has filed with the European Commission (EC) its planned acquisition of the renewable energy business of both E.on SE (ETR:EOAN) and Innogy SE.The landmark deal between German utilities Eon and RWE was signed in March 2018, RWE agreed to sell its majority interest in Innogy to E.on…

Norway Supreme Court Hears Snow Crab Case with Implication for Oil

© Andrey Cherlat / Adobe Stock

Norway's Supreme Court began hearing arguments on Tuesday on whether EU ships can fish for snow crab off Arctic islands north of Norway without permission from Oslo, a case that could decide who has the right to explore for oil in the region.At stake is whether the snow crab - whose meat is considered a delicacy…

EU Lawmakers Set Energy Efficiency, Renewables Targets

© vencav / Adobe Stock

European Union lawmakers on Tuesday targeted energy savings of 32.5 percent and a renewable energy uplift of 32 percent by 2030, in a push to meet the bloc's pledge under the Paris climate accord to curb global warming.National governments now have until the end of the year to draft their own plans for implementing…

Denmark-Netherlands Subsea Power Cable Reaches Dutch Coast

Photo: www.cobracable.eu

A subsea power line set to link the networks of Denmark and the Netherlands reached the Dutch coast on Friday as part of plans to share excess electricity from wind farms and other sources.The 325 km (202 mile) long COBRAcable, short for Copenhagen, Brussels and Amsterdam, has a capacity of around 700 megawatts (MW) and is expected to become fully operational in the third quarter of

EU Approves State Aid for Lithuania’s Klaipėda LNG Terminal

Image: Klaipeda State Seaport Authority

The European Commission said that the EC has approved under EU State aid rules the compensation granted by Lithuania to LITGAS for supplying a mandatory quantity of liquefied natural gas (LNG) to the LNG terminal in Klaipėda.In November 2013, the Commission approved under EU State aid rules an aid scheme to…