Wind-power producer, Iberdrola SA, has said that Big Oil’s embrace of renewable energy is ‘more noise’ than action. Currently, major oil and gas companies are entering the renewable power sector under pressure from climate-change policy. Nevertheless, Iberdrola Chief Executive, Ignacio Galan has doubts that these actions will turn into reality.
Port of Rotterdam published a statement on a partnership between Pondera Development and SIF Holding Nederland, ‘GE Renewable Energy and Future Wind’, concerning the installation of the first prototype of the Haliade-X 12 MW wind turbine at Rotterdam-Maasvlakte in the summer of 2019. The collaboration includes a 5-year-test period and a 15-year period of full operation and maintenance.
The global offshore wind energy market is expected to develop over USD 49.74 billion by 2023 at an estimated CAGR of around 11.12% during the period 2017 to 2023. An important factor of the growth in this sector, is the high demand on clean and reliable energy, aiming to decrease carbon emissions and keep an environmentally-friendly balance.
Wave and tidal energy market was valued at USD 487.7 million in 2014 and is anticipated to reach USD 11,365 million in 2024, expanding at a CAGR (Compound Annual Growth Rate) of 23% from 2016 to 2024, according to a new report by Market Research Engine.
The animation video unveils the design of a new tidal turbine, as part of the FloTEC project, funded by the EU’s Horizon 2020 research and innovation programme. The Orbital O2 2MW, designed by Orbital Marine Power, is targeted to be deployed at EMEC in Orkney in 2020. The company believes that, when launched in 2020, it will be the most powerful tidal generating platform in the world.
Research at HR Wallingford, in collaboration with the Coastal and Hydraulics Laboratory, has developed a toolkit which can be used to optimize the design of floating offshore renewable energy devices, by accurately simulating the response of these floating structures under realistic sea states.
Brazilian energy major Petrobras (Petróleo Brasileiro S.A.) announced the signing of a Memorandum of Understanding (MoU) with the Norwegian oil major Equinor to evaluate a joint business development in the offshore wind energy industry in Brazil.
Belgium’s plans to support three offshore wind farm projects are in line with EU State aid rules, the European Commission announced, noting that the measure will further EU energy and climate goals without unduly distorting competition in the Single Market.
The European Commission has granted approval to the EnFAIT €20 million tidal energy project to proceed to its next stage, after a successful first year of design development and operations. The project aims to prove that the cost of tidal energy can be reduced by at least 40%.
Avangrid and Copenhagen Infrastructure Partners will develop an 800-megawatt offshore wind farm south of Martha’s Vineyard. This facility will save about $1.4 billion in a course of 20 years. Construction on the wind farm will start during 2019, and it is expected that it will start operation in 2021.
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