Japanese government has identified 11 areas as potentially suitable for development in the first round, four of which were selected as promotion areas, which include the Noshiro and Yurihonjo projects. TOKYO : Norway’s Equinor, Japan’s Jera and Electric Power Development Co (J-Power) have formed a consortium to jointly submit a bid for offshore wind power […]
Europe’s Green Hydrogen Revolution Is Turning Blue
With the EU on the cusp of announcing its long-term hydrogen strategy, a huge question remains: Should blue hydrogen be excluded? Green hydrogen may get all the headlines, but the prospect of it fueling Europe’s future hydrogen economy on its own looks increasingly questionable. Blue hydrogen is produced from natural gas, with carbon capture and […]
Equinor powers ahead with floating wind turbines despite oil crash
The long-planned project is going ahead despite Equinor’s decision to cut investment following a plunge in oil prices that has reduced the company’s cash flow. OSLO: Norway approved on Wednesday Equinor’s 4.8 billion Norwegian crowns ($466 million) plan to build floating offshore wind turbines that will provide electricity to North Sea oil and gas platforms, […]
Equinor seeks 40% greenhouse gas reduction in Norway by 2030
The cuts could allow Norway, western Europe’s top oil and gas exporter, to continue to pump millions of barrels of oil even as the country seeks to fulfil obligations under the 2015 Paris climate agreement to slash domestic emissions OSLO: Norwegian oil producer Equinor aims to cut greenhouse gas emissions generated at offshore fields and […]
UPDATE 2-Oil firm Equinor raises stake in solar power co Scatec
* Investment supports Equinor’s diversification strategy * Scatec shares rise 7% * Equinor says to support Scatec Solar’s growth (Adds shares, name of seller, Equinor quotes) OSLO: Norway’s Equinor has bought an additional 5.2% stake in solar energy developer Scatec Solar, the company said late on Thursday, increasing its interest to 15.2% as it seeks […]
Equinor Gives Nod to 88MW Floating Wind Farm
Norwegian oil giant further cements position as leading floating wind developer with 11-turbine project near offshore oil fields. Norwegian oil giant Equinor and a group of partners have greenlighted an 88-megawatt floating offshore wind farm, set for completion in 2022. The Hywind Tampen project will serve five oil and gas platforms in Norway’s part of […]
New York Awards 1.7GW of Offshore Wind as Cuomo Signs State’s Green New Deal
Offshore wind developers Ørsted and Equinor will build huge projects to supply power for Long Island and New York City, in what the state calls the largest U.S. renewables procurement in history. New York Governor Andrew Cuomo on Thursday announced 1.7 gigawatts of offshore wind deals with two development groups, as he signed into law […]
C&I Renewables Marketplace LevelTen Draws Investments From Total and Equinor
LevelTen is targeting the “long tail” of smaller companies interested in renewables, including in Europe, CEO Bryce Smith tells Greentech Media. LevelTen Energy, a marketplace for corporate and industrial (C&I) renewable energy procurement, announced a fundraising round of $20.5 million on Monday. The latest fundraise is significantly higher than its previous round of $6.8 million. […]