Iberdrola eyes five offshore wind opportunities in Philippines
Spain’s Iberdrola is eying five early-stage offshore wind projects in the Philippines as part of its ambitious push to expand its footprint in the Asia Pacific region.
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Two Orkney wind farms with 500ft turbines are given Holyrood go-ahead
The Scottish Government has approved planning permission for two council-owned wind farms in Orkney.
Enterprize eyes green hydrogen’s potential to ‘supercharge’ Vietnam
Offshore wind developer Enterprize Energy and the Vietnamese Institute of Energy have teamed for a study assessing “green hydrogen’s potential to supercharge Vietnam’s energy capabilities.”
Japan’s Inpex acquires shares in European offshore wind
Japanese exploration and production company Inpex (TYO:1605) is expanding its footprint in offshore wind after acquiring shares of an offshore wind power generation company in the Netherlands. It has also established a UK-based renewable energy division to focus on Europe.
Vietnam leads the pack in Southeast Asia as wind power projects surge
Vietnam is leading the pack in Southeast Asia for wind power installations with 3.98GW installed as of October, up from 103MW in 2020. The country now ranks among the global top ten markets for installed wind power capacity, even though its offshore sector has yet to lift off.
Keppel eyes more offshore wind opportunities with Orsted
Singapore’s Keppel Offshore & Marine (Keppel O&M) has signed a global framework agreement with giant offshore wind developer Orsted to potentially undertake future offshore substation (OSS) projects.
Scotland to help Vietnam develop offshore wind
The Scottish government is committed to expanding the Scotland-Vietnam relationship as the power-hungry Southeast Asian nation hopes to expand its nascent offshore wind sector. Significantly, there will be increasing opportunities for Scottish companies as Vietnam eyes offshore wind development in deeper waters.
India’s COP26 targets boost outlook for renewables growth
New climate targets announced at the COP26 summit by Indian Prime minister Narendra Modi look set to boost renewable energy growth. However, India’s insatiable demand for electricity will keep the market highly reliant on coal power, posing challenges to the country's decarbonisation plans, according to Fitch Solutions.
JPMorgan fund buys Falck Renewables in $3 billion deal
Italy’s Falck Renewables will sell its founding family’s 60% holding in the company to an investment vehicle run by JPMorgan Chase & Co, in a deal valuing the company at nearly $3 billion.
China’s energy crisis highlights weaknesses in Xi’s power plans
China’s energy crisis has highlighted weaknesses in one of President Xi Jinping’s top priorities -- energy security -- that could have ramifications for the power system for years to come.
Taking the temperature: ESG investing in the energy industry
Global energy companies are shifting to ESG investing; but what are the drivers to decarbonise and the innovative approaches being deployed? In this new series, Mike Scott takes the temperature of the industry’s response to date, as well as the challenges ahead that this shift will present.
US push for LNG in Philippines paints unrealistic picture, IEEFA says
A recent white paper sponsored by the US Agency for International Development (USAID) promotes the benefits of liquefied natural gas (LNG) in the Philippines. But it makes overly optimistic claims about the financial, economic and environmental benefits of LNG, reckons the Institute for Energy Economics and Financial Analysis (IEEFA).
There’s a fortune to be made in the obscure metals behind clean power
The era-defining shift from fossil fuels to clean energy will deliver an unprecedented new boom for commodities—and an opportunity for investors—as a range of relatively obscure materials become essential to delivering emissions-free power, transport and heavy industry.
Wake up to pitfalls of flawed wind turbine placement
Optimising the placement of turbines within a wind farm can significantly increase energy extraction, but only up to a point.
Investment nod for Shell’s Timi gas project off Malaysia
Shell and its partners, Petronas Carigali and Brunei Energy Exploration, have taken a final investment decision (FID) on the Timi sweet gas development offshore Malaysia that will help boost the country’s liquefied natural gas (LNG) exports. Significantly, Shell said the development marks its first offshore wellhead platform to be powered by solar and wind in Malaysia.
Islands’ role in our net zero future
As Cop26 draws closer and closer, Scotland has the opportunity to show its strengths in renewable energy technologies and climate change initiatives.
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.
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.