EnergyWatch

Seadrill secures comprehensive restructuring deal

Foto: Seadrill

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.

Shipping companies raise huge sums in sustainability-linked credit facilities

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.

Foto: RUSSELL CHEYNE/REUTERS / X02429

ScotWind receives 74 bids

The high applicant count has British media speculating that Crown Estate Scotland might achieve close to the maximum lease income of GBP 860m.

Scatec Solar to pursue offshore wind

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.

Green Hydrogen Systems' current facilities. | Foto: PR / Green Hydrogen Systems

Green Hydrogen Systems quintuples capacity

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.

Green Hydrogen Systems goes to Germany

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.

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