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Seven trends shaping the global energy market

Global demand for energy is set to continue to grow over the next two decades as prosperity increases and the world’s population rises. However, the mix of fuels used will change, driven by technological advances and environmental concerns, BP says.

Offshore wind industry growing in Taiwan

Siemens Gamesa Renewable Energy signed a MoU with Yeong Guan Energy Technology Group to collaborate on the development of an offshore wind supply chain in Taiwan. Currently, there are over 10 GW of projects under planning in Taiwan, which could make Taichung Harbor a regional hub for the offshore industry.

New York unveils US’ first offshore wind master plan

Governor of New York Andrew M. Cuomo released the New York State Offshore Wind Master Plan, which will guide the development of 2.4 gigawatts of offshore wind by 2030, enough to power up to 1.2 million homes with clean energy and support the creation of thousands of jobs.

EU takes strong stance against deep-sea mining

This proposal highlights the importance of applying the precautionary principle to the emerging deep-sea mining sector. It calls on the Commission and EU Member States to support an international moratorium on commercial deep-sea mining exploitation licences.

BOEM boosts flexibility for US offshore wind projects

In support of the “America First Energy Plan,” the US BOEM published draft guidelines for the use of a “Design Envelope” approach in Construction and Operations Plans for offshore wind energy facilities in the US.

Milford Haven port invests on renewable energy project

The Port has allocated £650,000 to kick start dockyard improvements with the aim to make Pembroke Dock a world class centre for marine energy research and development, fabrication, testing and deployment, in the area.

Electricity demand to rise by 140% by 2050

During Singapore International Energy, Paul Gardner, Segment Director – Storage at DNV GL talked about the growing and critical need for optimized storage solutions and the likely technology developments in the future, as the electricity demand increases.

Scottish energy ports capability directory launched

A new Scottish ports directory for the energy industry has been launched on 21 November, aiming to provide technical information on active marine energy industry ports, covering the oil and gas, decommissioning, subsea and renewable sectors.

First of four Baleària eco ferries launched

GONDAN announced it is building four GRP ecofast ferries with a capacity for 350 passengers for Baleària shipping company. The 28m-long vessels have been designed focusing on eco-efficiency and speed during navigation.

Statoil’s wind farm to generate up to 1GW power to New York

The 79,350 acre site, secured by Statoil in a federal auction in December 2016, has the potential to generate up to 1GW of offshore wind power, making it a key part of New York State’s plan to deploy renewable energy sources to meet the state’s electricity needs.

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