Developer European Energy has received a positive response from the EU regarding project Omø Syd, which is currently on hold due to considerations over migratory birds. The European Parliament has now requested that the Commission launch an investigation into the matter.
With all of six power plants closed and a revision of Ringhals 3 and 4, Sweden's already challenged grid suffers from additional capacity shortages.
The two companies plan to jointly produce hydrogen using electricity from two wind farms in Scotland and Ireland.
The Danish solar investor has appointed new board members and now aims to quadruple its photovoltaic business ahead of 2025.
John Fredriksen's strained drilling company Seadrill has settled a comprehensive restructuring agreement with a majority of its lenders, which among other things reduced the company's debt liabilities by almost USD 5bn.
The oil firm is poised to establish large-scale hydrogen production in the German North Sea alongside RWE and Gasunie.
Seaspan, Hafnia, Hapag-Lloyd, Euronav and Odfjell have all secured financing of approximately USD 1.5bn that is linked to meeting climate targets. This opens up for more access to capital, but also comes with increased reputation risks, the head of investor relations at Odfjell tells EnergyWatch's sister media ShippingWatch.
The oil service firm reports a surge in revenue for Q2 on Friday.
Oil headed for the first decline in five days as investors assessed the outlook for demand amid a resurgence in Covid-19 and as broader markets were on a softer footing.
After finishing the first half of 2021 with a record operating result, the Norwegian utility is ready to invest NOK 13bn per year and aims to take on the role of global trader.
Alongside Quaybridge, the British oil firm means to secure more winning bids on offshore wind licenses.
TotalEnergies and Technip, two French energy companies, will collaborate on the development of production facilities that can produce and supply LNG with low CO2 emissions.
The high applicant count has British media speculating that Crown Estate Scotland might achieve close to the maximum lease income of GBP 860m.
Norway's Nel has already been chosen as supplier to the world's first offshore hydrogen platform. Now, the company formally becomes part of the project as well.
The Norwegian PV developer has doubled its power generation compared to 2020, a development the firm plans to see continue through large offshore wind projects.
With this acquisition, the utility adds more solar and wind energy to its portfolio.
The Norwegian firm joins RES and Green Giraffe in establishing a new company focusing on licenses for floating wind in France.
Order intake, profit and operating result items ended up higher than expected for Swiss-Swedish ABB.
The wind turbine major follows in the footsteps of Vestas and means to build fully recyclable wind turbines from 2040 and recyclable turbine blades as of 2030.
Capital raised during its IPO are now being put to use by electrolysis company Green Hydrogen Systems as the firm launches the second stage of expanding its facilities, targeting an annual capacity of 400MW by 2023.
Few companies were hit as hard by collapsing power prices in 2020 as Statkraft. Things have turned around in the second quarter, however, and the Norwegian utility now presents its best Q2 operating result on record.
The US agrees it will no longer attempt to halt gas pipeline Nord Stream 2 following an extended dispute over the project.
The sale pertains to five wind farms, three of which are operational.
The Danish hydrogen firm has been selected for a German test center, where the effectiveness of the company's pressurized alkaline electrolysis will be measured against competing hydrogen technology.
The Norwegian oil firm books a higher number of personal injuries for Q2 than usual, with the level of serious incidents remaining stable.
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