Tag: renewable energy

Hydrogen production is often presented as the default option for using surplus electricity from renewable generation. However, there is an investment merit order for coping with surplus electricity, said DNV GL in a new paper, highlighting that hydrogen is expected to play a significant role in the future European energy system.

Equinor, Korea National Oil Corporation and the Korean power company Korea East-West Power have established a consortium to develop the floating offshore wind project Donghae 1 off Ulsan in South Korea. The consortium is now starting the development of a 200MW floating wind farm, which will be located near to the KNOC-operated Donghae natural gas field off the coast of Ulsan in South Korea.

ABS cooperated with MARIN on a Joint Industry Project (JIP) to conduct a research on transparent and validated methods to assess performance of wind-assisted shipping propulsion technologies.

A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk, informed that it will buy Danish wind turbine supplier KK Group, making its first step entering into the renewable energy industry. The acquisition is now subject to approval from the relevant Danish and German authorities, and is expected to be finalized in the third quarter of 2019. 

The Port of Rotterdam published a video focusing on the solar panels that are the port's most sustainable energy sources, highlighting the importance of renewable energy and the sustainable development that will follow.

French maritime company Louis Dreyfus Armateurs (LDA) Group is the latest member of the IWSA. As the firm commented 'The need to reduce fuel costs and future proof vessels in preparation for decarbonization costs is growing and the embrace of technology solutions that can deliver double digit savings for retrofit installations and significantly higher savings for optimised new builds makes a lot of sense.'

WindEurope, Cefic (the European Chemical Industry Council) and EUCIA (the European Composites Industry Association) have created a cross-sector platform to advance novel approaches to the recycling of wind turbine blades. Today, 2.5 million tonnes of composite material are used in the wind energy sector. 

In the first half of 2019, the share of sun, wind and other renewable sources in the coverage of electricity consumption in Germany reached the 44% for the first time, while, in the first half of 2018, the share of renewables in electricity consumption was 39%.

Wartsila launched a white paper focusing on accelerating the transition towards a 100% renewable energy future. The market trends reflect that the shipping industry is currently leaning towards more flexible systems, with a rapidly increasing share of renewable energy, declining inflexible baseload generation and wider applications of storage technology. 

Eleven million people are working in renewable energy worldwide in 2018 according to the latest analysis by the International Renewable Energy Agency. This compares with 10.3 million in 2017. Offshore wind could be an especially attractive option for leveraging domestic capacity and exploiting synergies with the oil and gas industry.