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SOHAR Freezone businesses to be powered by solar photovoltaic projects

SOHAR Port and Freezone recently entered into a land lease agreement with Shell Development Oman, in order to tap into the Sultanate’s renewable energy potential. This means that businesses in the SOHAR Freezone could be powered by solar photovoltaic projects instead of gas. SOHAR will allocate 600-hectares of land for solar plants under development, with capacities varying from 10MW up to 40MV.

Italian partners to develop wave power stations on industrial scale

Italian energy company Eni signed a non-binding agreement with three compatriots, the shipbuilder Fincantieri, the bank Cassa depositi e prestiti, and energy firm Terna, at the Eni headquarters in Rome, to develop and build wave power stations on an industrial scale. 

Europe invests €27 billion in new wind farms in 2018

Europe invested €27 billion in new wind farms in 2018, which will finance a record amount of future new wind energy capacity, according to WindEurope’s annual report. The amount invested is similar to previous years, but, thanks to cost reduction, especially in offshore wind, it will finance a record 16.7 GW of new wind capacity.

Germany opens Baltic Sea’s biggest wind farm

Germany will open the Arkona wind park, a giant wind farm out in the Baltic Sea. This is a joint venture of utility EON SE and Norway’s oil and gas giant Equinor. The wind farm was built in only three months and is located off the coast of Ruegen island. It is also able to generate enough power for 400,000 homes and is the largest wind farm in the Baltic. 

Australia invests A$329 million to transform Blue Economy

The Australian government announced launch of the largest ever Cooperative Research Centre (CRC) to drive an evolution in marine-based industries, unlocking economic, environmental and technological benefits for a Blue Economy. 

Ocean energy requires EU support, report says

The report ‘Powering Homes Today, Powering Nations Tomorrow’, was launched by ETIP Ocean and analyses the challenges faced by the sector on the route to industrial roll-out and proposes four actions to overcome them. The ocean energy industry forecasts that 100GW of wave and tidal energy capacity can be deployed in Europe by 2050, meeting 10% of Europe’s current electricity needs.

Marine Energy Wales launches state of sector report

Marine Energy Wales has released a new report at its annual conference, highlighting that £96.2 million has been invested into the Welsh economy. The ‘State of the Sector’ report is based on the findings of a survey and provides an update on a 2017 report, outlining developments that took place in Welsh waters.

Top 10 countries most ready for energy transition

Sweden ranks at the top of the ten countries reported to be the most ready for energy transition, according to World Economic Forum’s Energy Transition Index (ETI), comparing the energy sectors of 115 countries and analyzing their readiness for energy transition.

Australia wins exploration licence for first offshore wind project

The Australian Government approved a deed of licence, allowing Offshore Energy Pty Ltd (OEPL) to undertake resource exploration for the Star of the South, the country’s first offshore wind farm. This licence allows OEPL to conduct activities to assess wind resources and seabed conditions, in order to understand if an offshore farm is technically feasible.

Offshore wind hits milestone in UK

Offshore wind generation in the UK increased by 28% during 2018, resulting to a record-breaking 8% for UK’s electricity, as reported by the Department for Business, Energy and Industrial Strategy. The wind capacity rose by 1.2GW, due to large projects opening or being expanded, such as the 659MW Walney Extension offshore wind farm.

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