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IEA: Global energy investment stabilised after three years

Global energy investment stabilised in 2018, totaling more than USD 1.8 trillion and ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to IEA’s latest annual review.

Wind Win Win: Environment, Engineering and Economics

During the 2019 SAFETY4SEA London Conference, Ms Diane Gilpin, Founder/CEO, Green Shipping Alliance, highlights the benefits of wind technology for the shipping industry. Ms. Gilpin says that the abundance of wind is a great, proven source of propulsive energy, and it can support significant GHG emissions reduction.

The Netherlands to release its largest floating solar farm

The Central Government Real Estate Agency (RVB), Rijkswaterstaat (RWS) and the Port of Rotterdam Authority plan to construct a new floating solar farm in Rotterdam’s western port area. Therefore, they seek for the ideal participant to operate the new facility, which is reported to be the largest of its kind to be ever constructed in the Netherlands. The partners announced that they will organise a market consultation on May 8.

New shipping fuels able to reduce pollution, report says

A new paper called ‘Sailing on Solar’, commissioned by Environmental Defense Fund Europe and developed by Ricardo, showcases a vision of how international shipping can meet its target of at least halving emissions by 2050, while at the same time helping developing nations leverage the emerging clean energy economy. The paper focuses on green ammonia produced from surplus renewable electricity.

DNV GL awards Arkona offshore wind farm

DNV GL announced that it awarded the Arkona Offshore Wind Farm with the project certificate. The certification procedure was based on the  German Federal Maritime and Hydrographic Agency standard BSH7005 and covers all stages of the project development from design planning over construction to commissioning.

UK’s first offshore wind farm decommissioned

UK-based energy firm E. ON announced the decommissioning of its Blyth wind farm, the first offshore wind farm in UK and the world’s first offshore wind farm to use float and submerge technology. Blyth was commissioned in December 2000 as a pilot project.

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. 

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