Four missing after wind farm vessel partially capsizes off China
Four people are missing after a wind farm installation vessel partially capsized off the coast of China.
wind
BP pledges £10bn spending spree if ScotWind bid comes good
Energy giant BP will make Aberdeen the centre of its global offshore wind business as part of a £10billion spending spree if it secures a lease to install and manage turbines in the North Sea.
UK Government granting millions to Smulders and SeAH to build wind component factories in Britain
The British government will provide grants to SeAH Wind Ltd. and Smulders Projects UK to build factories producing components for offshore wind farms.
Petronas talks up New Energy business
Petronas, which has yet to make a firm carbon-neutral pledge, sees significant growth ahead for solar and wind, particularly as a hedge against volatile fossil fuel prices, Jay Mariyappan, head of the state-backed Malaysian company’s new energy business told the APAC power and renewables summit.
South Asia steps up efforts to follow global energy transition
South Asia, which includes India, Pakistan, Sri Lanka, and Bangladesh, is slowly following the rest of the world in the transition towards cleaner energy systems. The subtle shift opens potentially large market opportunities for energy service suppliers.
Asia Pacific solar and wind investments to hit $1.3 trillion by 2030 says Woodmac
Investments in Asia Pacific wind and solar power could double to $1.3 trillion over the current decade to 2030 compared with the period 2011-20, predicts Wood Mackenzie. However, in most Asian markets, subsidy-free renewable power will not be able to compete with coal power until 2025 or later, cautioned the energy research company.
Power arm of Thailand’s PTT makes $635m pivot to Asia renewable energy
Thailand's state-owned oil and gas group, PTT, will invest 20 billion baht ($635 million) in renewable energy in India, China and elsewhere in Asia, as it takes steps to shift from fossil fuels to cleaner energy sources.
India’s wind market could expand by 50% over next five years
The world’s fourth-largest wind power market is expected to add nearly 20.2 GW of new capacity between 2021 and 2025, according to the latest report from the Global Wind Energy Council (GWEC) and MEC Intelligence (MEC+).
New figures show renewable energy supports 23,000 jobs in Scotland
Renewable energy now supports around 23,000 jobs in Scotland, with economic output of £5.2billion a year, according to a new report.
South Korea seeks bids for large-scale solar to meet 2030 target
South Korea will launch its largest-ever solar photovoltaic (PV) tender in July when it will offer 2 GW of capacity. An extra 2GW could also be offered later this year.
IEA net-zero roadmap has no place for further oil and gas exploration
A landmark International Energy Agency (IEA) roadmap says no new oil and gas fields should be developed – beyond those already sanctioned -- if the global energy sector is to achieve net-zero emissions by mid-century.
Energy Transition: Setting targets is the easy bit – meeting them is the challenge
The phrase “Energy Transition” is now a central theme in climate change terminology, but transition to what energy sources and over what time period?
Renewables project pipeline accelerates in Asia Pacific
Renewables now make up 37% of all power generation projects under construction in Asia, representing a 4% increase in share from the previous quarter, according to the latest IHS Markit Renewable Additions Index (RAI) for Asia Pacific. Although coal power projects remain strong despite climate pressure.
JERA, world’s largest LNG buyer, sets up offshore wind base
JERA, the largest power generation company in Japan, producing about 30% of the nation’s electricity, has opened an office in the city of Akita as a base for offshore wind projects off the coast of Akita Prefecture.
Low-carbon deals fuel the energy M&A market
As governments and corporates set ambitious targets to decarbonise, investment in low-carbon technology is becoming increasingly attractive as a core investment strategy. “Low carbon” comprises technologies that enable the energy transition.
China’s CNOOC readies first deep-water flows as reserves jump
CNOOC, China’s third largest oil company, is expected to start production at Lingshui 17-2, a large deep-water natural gas field in the South China Sea, during the first half of 2021.
UAE’s Masdar hooks up with Malaysia’s Petronas for Asia renewables
Abu Dhabi-based Masdar and Malaysia’s Petronas will work together to pursue renewable energy and green hydrogen projects across Asia and the Middle East.
UK Government unveils £95million ‘offshore wind ports’ plan for Teesside and Humber
The UK Government has unveiled plans to invest up to £95million to create offshore wind ports at Teesside and Humber.
Allens strengthens renewable energy team in Vietnam
Law firm Allens has strengthened its market position in Vietnam with the appointment of Giles Cooper as a partner in the company's Hanoi office.
Big oil eyes South Korean offshore wind
News that South Korea aims to build the world’s largest offshore wind farm by 2030 follows moves by major exploration and production companies to establish a foothold in the nascent market.
Vestas strengthens Asia Pacific with new president
Danish wind turbine maker Vestas - which last week announced it would build the world's largest offshore wind turbine - has appointed Purvin Patel as regional president Asia Pacific to bolster its presence and market position in the rapidly expanding markets in the region.
Coal use set to surge in India despite renewables boom
Coal-fired power generation is projected to surge in India as the expanding wave of renewable energy capacity cannot keep up with electrification growth in the South Asian country, home to the world’s second biggest population.
Australia, Japan and Vietnam lead renewable energy shift in Asia Pacific
Australia, Japan and Vietnam are leading the shift to renewable energy in Asia Pacific, according to the latest research from IHS Markit. Significantly, coal and gas power plants are also being built at a brisk pace as part of the energy mix across the region.
Greencoat Renewables to buy Finnish wind farm for £52m
London-listed Greencoat Renewables will buy a wind farm in Finland from Abo Wind for £52.5 million.
2021 set to be record for Australia renewables
This year will be busy for Australian renewable energy players with an estimated 5.3 gigawatts of utility PV, wind and battery projects expected to finish commissioning, revealed Rystad Energy.