Export Finance Norway is providing funds for the 2.9GW UK offshore wind project. Export Finance Norway (Eksfin) is providing loan financing of €525m to Orsted based on the purchase of two transformer platforms from Norway’s Aibel for the Hornsea 3 offshore wind farm in the UK. The transaction increases Eksfin’s total offshore wind financing […]
Wood MacKenzie analysis finds record-breaking heat for China, Western markets Global wind turbine order intake hit new highs in 2023 with 155GW procured for the year, an increase of 16GW from 2022, according to Wood MacKenzie analysis. As both China and Western markets broke records for order intake, annual investment reached an estimated US$83bn, […]
The Ministry of Energy announces two areas in the North Sea for applications related to CO2 injection and storage on the Norwegian continental shelf. ‘I am very pleased that several companies want storage areas for commercial storage of CO2 on the Norwegian continental shelf. We have developed a system that provides good access to promising areas. […]
Developer says manufacturing issue stops operation at project north of Oslo A wind farm in Norway has been partially shut down due to what was described as a “manufacturing defect” affecting its Siemens Gamesa turbines. The 160MW Odal wind farm has 13 of its 34 SG 5.0-145 turbines out of action due to problems with […]
Odfjell Oceanwind, Source Galileo, and Kansai Electric Power Company have received NOK 2 billion (approximately EUR 175 million) in state funding from Norwegian government agency Enova for its GoliatVIND floating offshore wind project. Located approximately 95 kilometres from Hammerfest at a depth of 300-400 metres, the GoliatVIND floating offshore wind project could add 320 GWh […]
Å Energi and Corio Generation are inviting Norwegian and international startups and scaleups to solve the challenge of regaining control of a floating offshore wind turbine that has come loose from its anchors. The challenge is part of our accelerator programme and was launched on 14 March at the Slush’D energy conference in Mandal. The […]
The 531 MW Mendubim solar plant in Brazil has come into operation. This marks a 30% increase in Equinor’s equity power production in Brazil. “Mendubim represents an important contribution to Equinor’s diversified energy offering in Brazil that includes a robust oil and gas portfolio and an attractive renewables position,” says Veronica Coelho, Equinor’s country […]
Ma Yongsheng, member of National Committee of the CPPCC, Party Secretary and Chairman of Sinopec Corp., suggested to restart the China Certified Emission Reduction Scheme (CCER) market, designing and releasing methodologies of Carbon Capture, Utilization and Storage (CCUS), and accelerate the inclusion of CCUS project into CCER to better achieve the “double carbon” goal. […]
Odfjell Oceanwind, together with automation and manufacturing company Prodtex, have established a joint venture to produce floating wind turbine foundations. The joint venture, Windsteel Technologies, will establish the production capacity necessary to meet the need for hundreds of floating wind foundations per year in Europe alone. The aim is to have the first factory operational […]