Eni’s renewable energy offshoot company Plenitude, has announced that it is to invest in EnerOcean S.L., the Spanish developer of the W2Power technology for floating wind power. The deal is structured as a long-term partnership focused on the deployment of the W2Power technology as a lead contender for floating wind power developments worldwide. With two […]
At the first-ever conference devoted exclusively to carbon-free hydrogen in the Middle East and North Africa (MENA), participants looked in depth at the technical and financial complexities of getting major projects off the ground. They covered projects announced by various consortiums worldwide, all in early-stage development. An exception appeared in Saudi Arabia’s $5bn hydrogen-based ammonia […]
A subsidiary of Malaysia’s energy giant Petronas has awarded Abu Dhabi’s National Petroleum Construction Company the FEED contract for an offshore Carbon Capture and Storage project at the Kasawari gas field off Sarawak, Malaysia. This is rated as one of the world’s largest offshore CCS projects. National Petroleum Construction Co. – this is its first project […]
Equinor has published its first Energy transition plan, which will be submitted for an advisory vote by shareholders at the company’s 2022 Annual General Meeting 11 May. The plan provides an overview of how the company is progressing towards its 2050 net zero ambition through short-term actions and medium-term ambitions. Equinor also proposes to amend […]
China has announced its first medium- to long-term plan to develop its hydrogen industry, including targets of up to 200,000 tons of green hydrogen a year by 2025, the country’s National Development and Reform Commission (NDRC) said in March. The plan was unveiled by China’s NDRC, the top economic regulator, in association with the National […]
Equinor has been awarded the operatorships for the development of the CO2 storages Smeaheia in the North Sea and Polaris in the Barents Sea. The two licenses are important building blocks for developing the Norwegian continental shelf into a leading province for CO2 storage in Europe. On Tuesday 05 April, the Ministry of Petroleum and Energy announced […]
GreenIT, a joint venture between Plenitude and CDP Equity for the production of energy from renewable sources, and CI IV, a fund managed by Copenhagen Infrastructure Partners (CIP), have signed an agreement to develop two floating offshore wind farms in Sicily and Sardinia.Both projects are located more than 35 km from the coast and have […]
In South Africa, the financial group Standard Bank has announced that it will mobilise 250 billion rand ($17 billion) for green finance by 2026. The bank wants to end oil-related investments while strengthening its climate policy. Standard Bank will spend R250 billion ($17 billion) on green finance. These investments will be made between now and […]
British company Savannah Energy has signed an agreement with the Niger authorities for the construction of its Tarka wind farm. The facility, which will be located in the Tahoua region, will have a capacity of 250 MW, making it one of the largest wind farms in sub-Saharan Africa. Niger could have a wind farm in […]
bp has unveiled new plans to invest £1 billion in electric vehicle charging in the UK, supercharging the roll-out of fast, convenient charging across the country. bp pulse, bp’s EV charging business, intends to make the investment over the next 10 years helping to meet the UK’s fast-growing demand for EV charging and support the […]
