Thursday, August 16, 2018

Bay State Wind Revises Turbine Layout

(Image: Bay State Wind)

Bay State Wind, an offshore wind joint venture between developer Ørsted and New England electric transmission company Eversource, announced a significant change to its proposed wind farm layout in response to feedback from fishermen and community members.The revised turbine layout pattern accommodates historical fishing patterns and helps to provide greater ease of fishing within, and transiting through, the wind farm, located 15 miles off the coast of Martha’s Vineyard, Mass.Bay…

Innogy Sells Stake in $2.6 Bln Offshore Wind Project

(Photo: Vestas)

German energy group Innogy will sell a 41 percent stake in its 2 billion pound ($2.6 billion) offshore wind farm Triton Knoll to Japan's Electric Power Development Co and Kansai Electric Power Co, it said on Monday.The move helps Innogy secure funding for the project, which will result in one of Europe's largest offshore wind farms, and gives the Japanese firms a stake in a regulated energy infrastructure asset on the continent.Electric Power Development Co, which is operating under the name J-Power, will take a 25 percent stake while Kansai Electric will get 16 percent.

Australian States Delay Approving New Energy Policy

© John / Adobe Stock

Australia's states on Friday held off approving a plan to end more than a decade of climate and energy wars and spur investment in new power supply, disappointing industry seeking certainty on energy policy.Prime Minister Malcolm Turnbull is pushing a National Energy Guarantee (NEG) in a bid to bring down electricity prices, which have more than doubled over the past decade, and ensure supplies following a string of blackouts in 2016 and 2017.Energy Minister Josh Frydenberg said after a meeting with state governments that it had been "an important step forward" for the plan, which has bee

Jack-up Completes Major Crane Refit

Brave Tern (Photo: Damen Shiprepair)

Brave Tern, the 132-meter jack-up operated by Fred. Olsen Windcarrier AS, has completed a major crane refit at Damen Shiprepair Amsterdam.The main operation was the insertion of a 20-meter section into the main boom of the 800-tonne crane, allowing it to reach a height of 120 meters. This upgrade now allows it to install and maintain the next generation of wind turbines.The operation to insert the additional section took 30 days in total. It required the unreeving of all the crane wires before the crane boom could be dropped down to rest on a support structure built from containers.

Orsted Buys US Onshore Wind Developer LCE

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Danish energy group Orsted has agreed to buy U.S. onshore wind farm developer Lincoln Clean Energy (LCE) in a $580 million deal, aiming to gain a foothold in what it sees as a key growth market.The acquisition is the latest move for Orsted as it seeks to shed its fossil fuel business and become an entirely green energy company.Orsted, which has so far mainly developed offshore wind farms in Europe, said the global market for onshore wind power is expected to grow significantly…

Energa Considers Offshore Wind Farm Projects

(Photo: Energa Group)

Poland's state-run utility Energa is interested in developing offshore wind farm projects, the head of Energa's generation unit Piotr Meler told a press conference on Thursday.Speaking at the same event, Energa's deputy head Jacek Koscielniak, said Energa was not running any analysis regarding a potential merger with another energy group.(Reporting by Anna Koper; Writing by Agnieszka Barteczko; editing by David Evans)

Oil Up as U.S. Sanctions on Iran Expected to Tighten Supply

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Oil prices rose on Tuesday with revived U.S. sanctions against major crude exporter Iran expected to tighten global supply.Brent crude oil futures were up 75 cents to $74.50 per barrel at 1337 GMT and U.S. West Texas Intermediate (WTI) crude futures were up 32 cents at $69.33 a barrel.A first batch of U.S. sanctions against Iran, which shipped out almost 3 million barrels per day (bpd) of crude in July, officially came into effect at 12:01 a.m. U.S. Eastern time (0401 GMT) on Tuesday.The reimposed sanctions target Iran's U.S.

DNV GL Provides Tech Support for 3 Norwegian Wind Farms

The wind farms comprise 70 Siemens Gamesa 4.2MW turbines, located near Stavanger in Norway. Image: DNV GL

DNV GL, the world’s largest resource of independent energy experts and certification body, today announced that the company’s technical expertise was an important part of the due diligence of the Bjerkreim cluster, a 294-megawatt group of wind farms in Norway.The German asset manager for renewable energy investments Luxcara recently entered long-term Power Purchase Agreements (PPAs) for 100% of the output and environmental attributes of the three contiguous wind projects.Working alongside Norwegian developer Norsk Vind Energi and the owner and long-term operator of the wind farms Luxcara…

EU Aims to Block U.S. Sanctions on Iran

The European Union vowed on Monday to counter U.S. President Donald Trump's renewal of sanctions on Iran, in a test of the EU's ability to preserve a deal that saw Iran limit its nuclear ambitions in exchange for removing strict curbs on its economy.As Washington's so-called "snapback" sanctions are reinstated on Tuesday, a new EU law to shield European companies will also take effect to try to mitigate what EU officials say is their "unlawful" reach beyond U.S. borders.Despite protests from European allies, U.S.

Siemens Gamesa, Van Oord win $580 mln Dutch wind farm contract

(Photo: Van Oord)

Wind turbine maker Siemens Gamesa and Dutch marine contractor Van Oord said on Friday they have won a contract worth more than 500 million euros ($580 million) to build a large wind farm in the Netherlands.The 380 megawatt (MW) wind farm on IJsselmeer lake is expected to provide enough energy to power around 380,000 households from mid 2021.Spain's Siemens Gamesa will design and supply 89 wind turbines and service the wind farm for at least 16 years.

TransCanada sees 'Robust' Shipper Interest in Keystone XL

File Image: CREDIT Adobestock © Diter

Pipeline operator TransCanada Corp is seeing strong interest from oil shippers in locking up the remaining space on Keystone XL and expects it to be fully subscribed, its chief executive said on Thursday.TransCanada has not yet made a final investment decision on its $8-billion Keystone XL (KXL) expansion, which would boost export capacity from the oil-rich province of Alberta to U.S. refineries. That decision may come late this year or in early 2019, pending some remaining regulatory approvals needed and court challenges…

Fugro H1 Profit Boosts Shares

(File photo courtesy Fugro)

Dutch deep-sea prospector Fugro on Wednesday surprised the market with a first-half profit, driven by strong growth in offshore wind projects, sending its shares sharply higher.The company, hit by a downturn in the oil sector in recent years, reported first-half earnings before interest and tax (EBIT), excluding exceptional items, of 4.0 million euros ($4.7 million) compared with a year-earlier loss of 25.3 million euros.Analysts in a poll conducted for the company had on average expected an EBIT loss ex-items of 1.9 million euros.Fugro shares traded in Amsterdam were up nearly 7 percent

In British Virgin Islands, Hurricane Whips up Green Energy Transition

© robert lerich / Adobe Stock

Nearly a year after Hurricane Irma knocked out power across the British Virgin Islands, electricity boss Leroy Abraham will be among the last residents to have their homes reconnected.But Abraham, general manager of the British overseas territory's electricity corporation (BVIEC), has barely had time to notice his own domestic outage."I was far too exhausted from giving everybody else electricity," said the 48-year-old, gazing at his two-storey house, which was wrecked by…

DNV GL, TMT Sign Deal on Rotor Blades

Photo: DNV GL

DNV GL, the world’s largest resource of independent energy experts and certification body, has signed a comprehensive framework agreement with leading Chinese wind turbine blade manufacturer Zhuzhou Times New Material Technology (TMT).The deal covers a range of certification and design assessment services to ensure the quality of TMT’s new rotor blade products, and also gives the manufacturer access to the latest innovations through DNV GL’s Joint Industry Projects (JIPs).The growth of affordable wind power requires the development of larger and more efficient turbine rotor blades.

German Onshore Wind Installations Dropped 29 pct in H1

© lupolucis / Photo: Adobe Stock

Germany installed 1,626 megawatts (MW) of new onshore wind power capacity in the first six months of 2018, industry groups said on Thursday, adding that total installations this year could run to between 3,300 and 3,500 MW.Wind energy is one of the most important drivers of Germany's transition to renewable energy, with onshore wind power already accounting for 14.7 percent of total power generation volumes in Jan-Jun, according to industry statistics.The additions in the six months measured in MW were down by 29 percent however from the same period a year earlier, engineering group VDMA

Turkey's Tupras Reduces Iranian Crude Purchases as U.S. Sanctions Loom

Turkey's biggest oil importer Tupras has cut back purchases of Iranian crude since May, when the United States said it would re-impose sanctions on Tehran, and analysts say Tupras is likely to stick to lower volumes in coming months.NATO member Turkey depends heavily on imports to meet its energy needs and neighbouring Iran has been one of its main sources of oil because of its proximity, crude quality and favourable price differentials, traders say.In the first four months of 2018…

Beatrice Offshore Wind Farm Produces First Power

(Photo: Beatrice Offshore Windfarm Ltd.)

Beatrice wind farm off the Caithness coast in Scotland has generated power for the first time, operator SSE said on Thursday.Following installation of the first 7-megawatt (MW) turbine, the wind farm exported power to the National Grid, the firm added.The 2.6 billion pound ($3.4 billion) wind farm will be completed in spring 2019.

Socar's Oil Trading Arm Rolls Back Expansion After Weak Profits

Azerbaijan's Socar is refocusing its trading arm's activities on LNG and its new Turkish refinery while winding down less profitable trades as it feels the sting of weak profits, sources familiar with the matter said.Many trading houses had weaker performances in 2017 due to a less lucrative, backwardated market structure for much of the year and relatively low volatility.Geneva-based Socar Trading also was stung, costing its chief executive Arzu Azimov his job.The firm was set up in 2007 and has become a global player in the last few years…

Vitol Invests in Coal-to-oil Venture as Shipping Fuel Rules Loom

© xy / Adobe Stock

Energy trader Vitol and coal miner Peabody Energy are partnering with start-up Arq to turn coal waste into a low-sulphur oil product that could be an alternative fuel for shippers as new U.N. pollution rules loom, the companies said in a statement.Global oil and shipping companies are looking at any and all options to avoid becoming a casualty of the major market dislocations that the new standards will create when they come into effect in 2020.The U.N. International Maritime Organization (IMO) will ban ships using fuel with a sulphur content higher than 0.5 percent…

Heavy Lifters for Offshore Renewable Market

Image: Ulstein Design & Solutions BV

Offshore Heavy Transport (OHT) will enter the offshore renewables and installation market with a new heavy lift transport and installation vessel, a customized Ulstein Alfa Lift design developed by Ulstein Design & Solutions BV (UDSBV) and OHT.There is one firm order with three options to build the ship at China Merchant Heavy Industry (CMHI), ready for action in 2021.The dynamically-positioned, 48,000 DWT vessel is designed to perform heavy lift crane operations with the main deck submerged…

Powering Ships with Plastic in Amsterdam

Image: United Nations Environment Programme

In the Port of Amsterdam, a new factory is being built that could revolutionize the way we dispose of plastic waste. Utilizing groundbreaking technology, the facility will use previously unrecyclable plastic to create fuel for diesel powered cargo ships. The group behind the facility is Bin2Barrel, a Dutch company founded in 2012 by waste management entrepreneurs Floris Geeris and Paul Harkema. While the chemical recycling technology used in the past has worked, Bin2Barrel is the first company to utilize it commercially.

German North Sea Wind Production on the Rise

(Photo: TenneT)

Offshore wind power plants in Germany's North Sea produced 5.15 percent more electricity from January to June than in the same period in 2017 at 8.17 terawatt hours (TWh), TenneT, the grid operator for the region, said on Thursday.On the day of highest capacity use, TenneT said 4,431 megawatts (MW) were tapped.

ABB Wins Order for World's Biggest Offshore Wind Farm

(Image: ABB)

ABB has won orders worth more than $150 million from Danish energy company Ørsted to supply technology to transmit wind energy from the 1,400 megawatt (MW) Hornsea Project Two, slated to be the world's largest offshore wind farm.The orders were booked in the second quarter of 2018 and are the first tranche of a global five year frame agreement for the supply of electrical and automation equipment for offshore and onshore wind power connection and integration to the grid, ABB said.ABB will supply its Static Var Compensation (SVC) Light technology with ABB Ability MACH control systems…

India Cuts Iranian Oil Imports Ahead of Sanctions

© Jose Gill / Adobe Stock

Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set to take effect in November.India's monthly oil imports from Iran declined to 592,800 barrels per day (bpd) in June, down 16 percent from May, according to data from industry and shipping sources.The United States in May said it would reimpose the sanctions after withdrawing from a 2015 agreement with Iran…

Nordex scores biggest ever single contract

(Photo: Nordex SE)

German wind turbine maker Nordex on Tuesday said it had won a contract to supply and install 191 wind turbines with a capacity of 595 megawatts in Brazil, marking the company's biggest ever single contract to date.The order from Italian utility Enel is for the Brazilian wind farm Lagoa dos Ventos, which is located in the north of the country.

Petrobras May Partner with Total on Wind, Solar Power in Brazil

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State-controlled oil company Petróleo Brasileiro SA has signed a nonbinding agreement with France's Total SA and its renewable energy arm to assess potential businesses in onshore solar and wind power in Brazil.Petrobras, as the company is known, said in a securities filing on Tuesday that the agreement means to reduce risks in the Brazilian renewable energy and take advantage of potential gains of scale and cost savings.(Reporting by Bruno Federowski)

Funding Secured for Israel's Largest Wind Farm

© JohanSwanepoel / Adobe Stock

Enlight Renewable Energy said on Monday it secured 525 million shekels ($145 million) in financing to build Israel's largest wind energy project.The total cost for the 96 megawatt wind farm is 660 million shekels, Enlight said.

​​​​Alpha Offshore Bags Offshore Wind Blade Repair Contract

Photo: Alpha Offshore Services

Alpha Offshore Service A/S has been awarded a contract with NoordzeeWind, a Joint Venture between utility company Nuon and Shell, for blade repair on the Offshore Windfarm Egmond aan Zee (OWEZ).The first large windfarm built in the Dutch sector of the North Sea, OWEZ consists of 36 3MW turbines and sits approximately six miles off the coast from the village of Egmond aan Zee.Alpha Offshore will be providing experienced personnel with specialist knowledge of the 44 meter Vestas V90 turbines to undertake independent blade repair of around 80 blades.

Sinovel Fined for AMSC Trade Secret Theft

File Image (CREDIT: AdobeStock / © JJAVA)

A U.S. judge ordered Sinovel Wind Group Co Ltd, a Chinese wind turbine maker, to pay a $1.5 million fine after the company was convicted and charged for stealing trade secrets from Massachusetts-based AMSC. U.S. District Judge James Peterson in Madison, Wisconsin, also sentenced Sinovel to one year of probation, during which it must pay the unpaid balance of a $57.5 million settlement it reached with AMSC. The U.S. Justice Department said Sinovel has already paid AMSC, formerly known as American Superconductor Inc…

Trump Effort to Lift U.S. Offshore Wind Sector Sparks Interest

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The Trump administration wants to fire up development of the U.S. offshore wind industry by streamlining permitting and carving out vast areas off the coast for leasing - part of its 'America First' policy to boost domestic energy production and jobs.The Europeans have taken note.The drive to open America's offshore wind industry has attracted Europe's biggest renewable energy companies, who see the U.S. East Coast as a new frontier after years of success across the Atlantic.Less experienced U.S.

Ontario Government Scraps Cap-and-Trade Program

Premier Doug Ford's (Photo:Ontario Government)

The Ontario government announced it would end the province's cap-and-trade program, a policy designed to reduce greenhouse gas emissions, fulfilling one of Premier Doug Ford's election promises. The government said it would start a wind-down of all programs funded out of cap-and-trade carbon tax revenues immediately. Ford's government says it aims to reduce gasoline prices by 10 cents per liter and lower energy bills by "getting Ontario out of the carbon tax business". Citing the Auditor General…

NOIA's Tim Charters Lands VP Promotion

Tim Charters (Photo: NOIA)

Tim Charters has been promoted to Vice President of Governmental and Political Affairs at the National Ocean Industries Association (NOIA). Charters joined NOIA as a Senior Director in June of 2017, after serving as Vice President of Governmental and Regulatory Affairs at the National Stripper Well Association. “Tim’s extensive Congressional and industry experience in energy and natural resources issues serves NOIA well, as evidenced by his diligent work this past year on diverse issues facing our member companies in both the offshore oil and gas and wind sectors.

Planning a Wind Farm in Norway? Connecting to Grid from 2019 May Cost You

file Image: a typical offshore wind farm (CREDIT: Siemens)

Grid investments of $17 billion are planned by 2025; big power consumers and producers may need to contribute. A Norwegian plan to force big power consumers and producers to pay for grid upgrades and extensions could disrupt new projects from wind farms and data centres to ventures in the oil industry, companies told Reuters. Beginning in 2019, Norway's water resources and energy directorate (NVE) wants firms benefiting from grid additions to pay up to half the investment cost, often a major sum in remote regions seeking to attract industry and jobs.

Europe's Iranian Oil Purchases Set to Plummet

File Image (CREDIT: AdobeStock / © Leeylutung)

Key lender for Europe's oil purchases cuts credit from June 30. European refiners are cutting purchases of Iranian oil faster than expected as the U.S. prepares to reimpose sanctions on Iran, threatening a more severe impact than the last round of punitive measures in 2012 even though the EU has not joined in. Washington said that companies would have to wind down their activities with Iran by November 4 or risk exclusion from the U.S. financial system. Following President Barack Obama's sanctions in 2012, Europe imposed its own Iran oil ban.

TransCanada Urges U.S. to Help Gas Pipeline Approvals

File Image (CREDIT: AdobeStock / © Maksym Yemelyanov )

The United States should help the natural gas industry overcome environmental challenges to new pipeline projects by adjusting regulations or adopting new laws favoring infrastructure, an executive at TransCanada Corp said at a conference this week. Suppliers in the United States, the world's biggest natural gas producer, have had a harder time getting shipments to market as more environmental lawsuits by U.S. states, green groups and property owners have tied up pipeline construction.

Nuclear, Coal Bailout Would 'keep America free' -US energy chief

File Image (CREDIT: AdobeStock / © Carolyn Franks)

U.S. Energy Secretary Rick Perry said on Thursday that bailing out struggling coal and nuclear power plants is as important to national security as keeping the military strong, and that the cost to Americans should not be an issue. "You cannot put a dollar figure on the cost to keep America free," he told reporters at a press conference in Washington, when asked how much the administration's effort to extend the lives of the facilities would cost. When asked about the cost of a potential bailout, he said he did not yet know.

Shell-Partners Consortium Ready to Build Dutch Offshore Wind Farm

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A consortium led by Swiss investor Partners Group and Royal Dutch Shell said it has secured financing for the building of a 1.3 billion euros ($1.5 billion) wind farm in the Dutch part of the North Sea.Shell and consortium partners Eneco, Van Oord and Mitsubishi/DGE were awarded the "Borssele 3 and 4" project in December 2016, at what at the time was the Netherlands’ lowest-ever strike price of 54.50 euro cents per megawatt-hour.Building of the wind farm, which will have the capacity to power around 825…

Finland's Fortum Bets on Fledgling Russian Wind Power Market

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Finnish utility Fortum is hoping to attract financial partners for its new wind and solar projects in Russia, where it aims to capitalise on its decade-long presence in the country to expand in renewables.This approach is similar to moves by Denmark's Orsted , the world's largest owner of offshore wind power sites, which also has sold off large stakes in wind farms to invest the capital in new projects.Earlier this month, Fortum sold 54 percent of its Indian solar portfolio…

Turkey's Gama in Talks About Selling Energy Stake

Photo courtesy of Gama

Turkish conglomerate Gama Holding is in talks with Malaysia's Tenaga Nasional and other potential buyers about a sale of its 50.5 percent stake in its Gama Enerji energy unit, three sources said, as part of a $1 billion debt restructuring.Gama, which has businesses spanning oil, cement, petrochemicals and natural gas, is the latest Turkish company to attempt to restructure foreign-currency debt amid a sell-off in the lira. It is in talks with nearly 20 banks on restructuring some $1 billion worth of debt…

Vestas, Maersk Tackle wind turbine Transport, Installation Costs

file Image: A typical Vestas Wind turbine installation. CREDIT: Vestas

Project has secured $7.3 mln in public funding; sector races to build ever bigger turbines. Danish wind turbine maker Vestas and offshore services firm Maersk Supply Service are teaming up to tackle the cost of transporting and installing ever larger wind turbines. Seeking to remain profitable as European countries phase out subsidies, the industry is turning to ever bigger turbines to harness power more efficiently and respond to pricing pressure for new equipment around the globe. Vestas and fellow Danish company Maersk Supply Service, part of A.P.

Sempra Energy to Shed U.S. Storage, Renewable Assets

File Image (CREDIT: AdobeStock / © Hansenn)

U.S. utility Sempra Energy said on Thursday it plans to sell some of its natural gas storage and renewable energy assets and expects to record a charge between $1.47 billion and $1.55 billion during the second quarter. Earlier this month, activist investors Elliott Management and Bluescape Resources Co, who have a combined stake of 4.9 percent in Sempra, pushed for a board shakeup and strategic review at the company. The activist investors presented the company with a plan…

Equinor Installs World’s First Battery for Offshore Wind

Photo: Equinor

With Batwind in operation, it will for the first time be possible to store energy produced from an offshore wind farm.The battery storage solution was presented in Peterhead, Scotland today by Batwind partners Equinor and Masdar. Electricity produced at the world’s first floating offshore wind farm Hywind Scotland, located 25 kilometers off the coast of Peterhead, will be transported via cables to an onshore substation where the 1 MW batteries are placed and connected to the grid.

DNV GL Unveils Renewable Energy Data Platform

Photo: DNV GL

DNV GL is launching GPM Horizon, a data monitoring platform with full integration of current and future renewable energy systems including solar PV, wind and energy storage assets. GPM Horizon enables future-proof fleet management by bringing digitalization technologies and integrated renewables systems together in one platform, which are the key drivers for the global energy transition.Global energy forecasters, including the International Energy Agency, foresee a rapid growth in renewable sources.

SSE to Enter Seagreen Scottish Offshore Wind Project into Subsidy Auction

© malp / Adobe Stock

British utility SSE plans to enter its Seagreen wind project that lies off the coast of Scotland into Britain's auction for renewable subsidies next year, it said on Wednesday.* Seagreen Wind Energy Limited, developing the project, is a 50/50 joint venture between SSE and Fluor Limited, the British operating arm of Fluor Corporation.* The project initially received planning consent in 2014.* "Since 2014, offshore wind technology has advanced significantly with larger and more efficient turbines able to generate additional power," SSE said.* The cost of producing electricity from wind farm

Macron Approves Offshore Windpower Projects

© Michael Halberg / Adobe Stock

Leading executives at French energy groups EDF and Engie said on Twitter that several offshore windpower projects had been "confirmed" by President Emmanuel Macron."Happy to see @EmmanuelMacron confirmed our three parks," EDF executive Bruno Bensasson said in a post on the Twitter messaging network.Engie executive Gwenaelle Huet also said that Macron had approved the windpower projects in a similar Twitter post.The future of the projects had been in some doubt after the French senate earlier this year rejected a government proposal to renegotiate and possibly cancel projects to generate a

EU Agrees Final Energy Saving, Renewables Targets

(Photo: Eric Haun)

The European Union on Wednesday finalized new climate rules after months of talks, targeting a total energy saving of 32.5 percent and an uplift in the share of renewable energy to 32 percent by 2030.National governments must now draft their own plans for implementing the bloc's overall climate goal of lowering greenhouse gas emissions by at least 40 percent below 1990 levels by 2030 in line with the Paris Agreement.Talks have dragged on for months to reach a compromise between…

DNV GL, EU to Promote Offshore Wind Market in Indian

Image: DNV GL

DNV GL, the world’s largest resource of independent energy experts and certification body, is today showcasing the final reports in a study which demonstrates the commercial and technical feasibility of the offshore wind market In India. Co-funded by the European Union (EU), GPCL and ReNew Power the Facilitating Offshore Wind in India (FOWIND) project will enable organisations to make future investments in the region. India has made strong commitments under the UN Paris Climate Agreement and announced ambitious renewable energy goals in 2015…

House Set to Debate Offshore Wind Energy Bills in US Waters

© diak / Adobe Stock

A U.S. House committee will kick off debate next week on three new bills aimed at boosting offshore wind energy leases in federal waters.The House Subcommittee on Energy and Mineral Resources will hold a hearing on Tuesday on three bipartisan offshore wind proposals.One proposal would require the Interior Department to develop a leasing plan or schedule for federal offshore leases, a second would create a federal grant for educational or career programs for the offshore industry…

Centrica, Tokyo Gas Break Mold in Mozambique LNG Deal

Britain's Centrica and Japan's Tokyo Gas aim to buy liquefied natural gas (LNG) from Anadarko Petroleum's $20 billion project in Mozambique, the first joint procurement deal designed to defuse risks facing the buyers in their respective markets.The deal also brings Anadarko one step closer to constructing its East African LNG project just as it corrals $14 billion to $15 billion from banks and export credit agencies for the 17,000-acre liquefaction complex in Mozambique's remote north.Lenders require Anadarko to fix at least 8.1 million tonnes (mt) of the project's 12.88 mt total annual o

Race Bank Offshore Wind Farm Officially Opens

(Photo: Ørsted)

A new offshore wind farm officially opened this week that is capable of powering over half a million U.K. homes.The Race Bank wind farm located off the North Norfolk coast is capable of generating 573 megawatts (MW) of green electricity from its 91 Siemens Gamesa 6 MW wind turbines.

US Announces $18.5 Mln for Offshore Wind Research

© Fokke / Adobe Stock

The U.S. Department of Energy (DOE) announced today that $18.5 million has been made available for offshore wind research and development (R&D).The DOE selected the New York State Energy Research and Development Authority (NYSERDA) to administer an $18.5 million cooperative innovation hub that will bring together industry, academia, government and other stakeholders to advance offshore wind plant technologies, develop innovative methods for wind resource and site characterization…

Norway Wants to Build Floating Wind Farms

(Photo: Equinor)

Norway's energy minister will meet with companies on Wednesday to discuss the potential construction of offshore floating wind farms, he told Reuters on Friday.The meeting is the first concrete step to spur development of offshore floating power generation, after the government said last December it would seek to accommodate such plans."Wednesday next week I will have a meeting with different stakeholders in offshore wind and discuss both the opening process and the regulatory framework…

New Hires Boost RCG US Team

The Renewables Consulting Group (RCG), has announced the appointment of several new hires in its New York office to support the accelerating offshore wind market in the United States and renewable energy projects worldwide. The experienced personnel include AJ Negrelli, Emily Kuhn, and Craig Hutchinson.Negrelli is a respected project manager and engineer with practical experience delivering offshore wind construction projects, working for the major wind turbine supplier Siemens Gamesa Renewable Energy.

EnBW, Trident Winds JV for Offshore Wind Project in California

Photo: Trident Winds Inc

EnBW Energie Baden-Württemberg AG is continuing its strategy of capturing growth in new international markets in the renewable energy sector. Following its recent entry into Taiwan, EnBW has now expanded its activities to the United States of America by establishing a regional subsidiary, EnBW North America, and forming a joint venture with Trident Winds Inc. to develop an offshore wind project off the coast of in Central California. This represents the EnBW Groups first step toward tapping into the high potential of the American market.

Pope Warns Energy Bosses of Global Destruction without Fuel Shift

© andiz275 / Adobe Stock

Pope Francis warned that climate change risked destroying humanity on Saturday and called on energy leaders to help the world to convert to clean fuels to avert catastrophe."Civilisation requires energy but energy use must not destroy civilisation," the pope told top oil company executives at the end of a two-day conference in the Vatican.Climate change was a challenge of "epochal proportions", he said, adding that the world needed an energy mix that combated pollution, eliminated poverty and promoted social justice.The conference…

Batteries hasten winds of change for electricity stocks

(Photo: Eric Haun)

Bigger, better batteries are speeding up change in the U.S. electricity sector and could help power a rally in Xcel Energy Inc, American Electric Power Co Inc and other utility and renewable energy stocks, Barron's reported.After a decade of steep cost declines, wind and solar installations, often paired with battery storage, are increasingly displacing older coal and gas-fired power plants, benefiting battery makers and some utilities, the Barron's cover story said.Batteries can now store enough electricity to help power small towns when wind and solar supplies ebb, Barron's said.

Researchers Set Out to Future-proof Offshore Wind Turbine Monopiles

The PROTEUS project will facilitate the conducting of a series of large scale experiments over a seven week period in the FFF flume at HR Wallingford’s U.K. physical modelling facilities. (Photo: HR Wallingford)

A new research project aims to improve the design of scour protection around offshore wind turbine monopiles, as well as future-proofing them against the impacts of climate change.'The effort, part of PROTEUS, an EU-funded Hydralab+ project, will see leading scour researchers from Ghent University, Leibniz University Hannover and the University of Porto, alongside IMDC nv and the Department of Mobility and Public Works (Belgium), collaborate at HR Wallingford’s Fast Flow Facility (FFF).PROTEUS…

LOC Names Cummins Energy Projects Development Director

Ian Cummins (Photo: LOC)

International marine and engineering consulting firm LOC has appointed ex-Head of Engineering at BP, Ian Cummins as its new Energy Projects Development Director. Ian will focus on the oil and gas and renewables markets, and help to identify and develop new and innovative engineering opportunities to progress the business.Cummins brings extensive major project management and engineering experience to LOC, gained from working on exceptionally large projects, significantly boosting LOC's specialist expertise in this area.

Mainstream Secures Financing for South African Wind Projects

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Dublin-based renewable energy generator Mainstream Renewable has secured funding to develop two South African wind power projects with a combined capacity of 250 megawatts (MW) it said on Tuesday.The 140 MW Kangnas Wind Farm in the Northern Cape and the 110 MW Perdekraal East Wind Farm in the Western Cape represent an investment of about 6.6 billion rand ($521 million), Mainstream said.Companies providing equity for the project alongside Mainstream include African renewable power generation company Lekela and independent investment managers Old Mutual Life Assurance Company.Mainstream did

India BPCL Seeks Extra Iran Oil Amid Sanctions Threat

© Jim / Adobe Stock

Indian state refiner Bharat Petroleum Corp has requested an extra one million barrels of oil from the National Iranian Oil Co. (NIOC) for June, two industry sources said, amid a looming threat of stringent U.S. sanctions.The move by BPCL indicates that refiners will try to frontload their purchases from Iran ahead of a November U.S. deadline for re-imposing sanctions on the country's petroleum sector.Uncertainties cloud Iran's oil exports after U.S. President Donald Trump abandoned a 2015 nuclear agreement this month and ordered the re-imposition of U.S.